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Friday, December 12, 2008

Credit Crunch Unmasks Madoff

http://www.businessweek.com/investing/insights/blog/archives/2008/12/credit_crunch_u.html?chan=top+news_top+news+index+-+temp_news+%2B+analysis
This is a neat one. This Madoff guy is 70 years old and apparently an expert trader on wall street but he just got busted for billions of dollars because he was taking the money new investores gave him and using it to pay off old investers. He never really had a profit.
Posted by Miller at 9:53 AM

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Blog Archive

  • ▼  2008 (21)
    • ▼  December (18)
      • Gas prices on the rise again
      • Gas prices on the rise again
      • Troops out of Iraq in 2011
      • Obama 08
      • Economy roundup
      • Water discharge regulations at center of dispute
      • 'Truly new low': Illinois governor accused of tryi...
      • US general: Iran backs off worst bombs in Iraq
      • Predicting Which Stocks Are Going to Zero
      • The U.S. Economy's Best Bet: The Intangible Sector
      • Ahead of the Bell: Steel stocks fall
      • Credit Crunch Unmasks Madoff
      • GM to cut 250,000 vehicles from 1Q production
      • http://www.newsweek.com/id/173999I just thought th...
      • http://www.newsweek.com/id/173188I guess things ar...
      • http://www.newsweek.com/id/158975I was thinking th...
      • http://money.cnn.com/2008/12/12/news/companies/aut...
      • http://www.cnn.com/2008/CRIME/12/12/caylee.anthony...
    • ►  September (2)
    • ►  August (1)

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