The Believers: How America Fell For Bernard Madoff's $65 Billion Investment Scam
New Zealand Herald (Free subscription) | 28/11/2009
When Bernard Madoff was arrested in December last year, it sent shockwaves around the world. Feted as the greatest conman in history, the New Yorker's hugely successful wealth management business was in reality an elaborate Ponzi...
Denver Post (Free subscription) | 28/11/2009
The wife of Jeffry Picower, the longtime Bernard Madoff investor who drowned in his pool last month, told a judge that the trustee for Madoff's firm is "overreaching" in his $7.2 billion lawsuit against the couple.
The Guardian (Free subscription) | 6 hours ago
It will come as no comfort to Tiger Woods in his moment of maximum discomfort but the world no1 is not alone amongst the world's leading golfers in being the subject of some unwelcome media attention this weekend. According to the Dublin-based Sunday Business Post, Padraig Harrington - along with the Irish businessman (and owner of Celtic) Dermot Desmond - have taken a significant financial hit with...
The Guardian (Free subscription) | 6 hours ago
• Golfer and Dermot Desmond said to have lost £16m • Pair had invested in collapsed technology company The former Open champion Padraig Harrington and Dermot Desmond, the major shareholder of Celtic Football Club, have lost £16m after the collapse of a British-based technology company, it was reported yesterday. The Dublin-based Sunday Business Post said the two men had invested...
Power Line (Free subscription) | 5 hours ago
Chris Muir's assessment of the Obama administration may be a little harsh--I don't think they actually planned for things to go this badly--but it's fun anyway; click to enlarge: And Michael Ramirez comments on the global warming scandal: There's no question that it's a fraud, but whether the "scientists" who have been promoting the global warming hoax have committed felonies is not yet...
Rising Hegemon (Free subscription) | yesterday
This Time article about what it calls The Decade from Hell has the requisite "A Pox on Both Their Houses" bits, but this one made me laugh: There is nothing natural about the economic meltdown we are still struggling with as the decade winds down. A housing bubble fueled by cheap money and excessive borrowing set ablaze by derivatives, so-called financial weapons of mass destruction, put...
The Other McCain (Free subscription) | 28/11/2009
by Smitty This weeks FMJRA title celebrates a level of global thievery vast enough to make Bernie Madoff blush. The CRU clowns were not only playing fast and loose with grant money, their duplicity has been distorting public policy along heinous lines for years now. May the perpetrators rot. It's hard to tell whether the Big Lie of global warming exceeds die Große Lüge that the health care...
Roll 'Bama Roll (Free subscription) | 28/11/2009
More photos » by Dave Martin - AP Ugly efforts produce ugly scenes. Browse more photos » For about three hours yesterday afternoon, all of the stars aligned for Auburn to pull off the biggest upset in Iron Bowl history. Alabama played very poorly, posting probably it's worst performance since the 2007 Louisiana-Monroe debacle. Auburn, on the other, easily played their best game of the season....
What Really happened (Free subscription) | 28/11/2009
The chief British Climate Research Unit (CRU) at Hadley has begun to eliminate the daily temperature records from its public websites. Yes — the daily high in London is now a state secret! Actually, this disappearance of temperature records has been going on for some time — not only in Britain, but also in the United States. Why would American and British climate “scientists”...
Market Watch (Free subscription) | 27/11/2009
When you write a column called “Stupid Investment of the Week," the things you are thankful for are a bit out of the ordinary.
Jeff Matthews Is Not Making This Up (Free subscription) | 27/11/2009
“People are panicking: This whole process counters everything that the rulers have been saying and the way it has been communicated before the holidays so no one can get any information is confusing,” said one hedge fund manager. A conference call on Thursday for bondholders of Nakheel, the Dubai-owned property company at the centre of the storm, collapsed after phone lines were swamped...
Plain Janes Love to ARTiculate (Free subscription) | 27/11/2009
The bull is said to represent Wall Street, while the man pinned to the wall represents jailed financier Bernard Madoff ... This is his response to the global financial crisis at present, part of the "What you see is not real" exhibition in the Beijing Gallery A sculpture that definitely brings you the WOW factor!... Piece created by Chen Wenling
NY Daily News (Free subscription) | 27/11/2009
On a day when many enjoyed the comforts of family and home, the victims of unemployment, foreclosure and even Bernie Madoff lined up at soup kitchens searching for solace and shelter.
Yourish.com (Free subscription) | 26/11/2009
Investment scandal damages Hezbollah And now, his life’s fortune is gone, too, lost along with the money of thousands of other Lebanese who put their faith in a billionaire financier with close ties to Hezbollah. The investment scheme, which is being called the Lebanese version of the Bernie Madoff scandal, threatens to tarnish the Shiite group’s carefully [...]
Bloomberg (Free subscription) | 26/11/2009
Nov. 26 (Bloomberg) -- UBS AG and Ernst & Young LLP said Luxembourg lawsuits filed by investors who lost millions of dollars in mutual funds linked to Bernard Madoff’s Ponzi scheme are invalid and should be thrown out.
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