Keep in mind, most of the Madoffians were savvy, successful business people who were accustomed to compiling, reading, and picking-apart financial statements. At least one Madoffian who spoke to reporters was a stockbroker; she and her family invested w/ Madoff for generations.
This is why I cannot be too sympathetic....many of the people who recommended Madoff should have known better...even they got ripped off
One thing I learn each day about money and economics....the experts in those fields really don’t know what they are talking about....esp economists
At the next stage of enlightenment, you'll realize it's not just the experts in those fields--it's the experts in all fields with government influence.
What I have learned is that economists and weathermen go to the same schools and those that can add are graduated as weathermen and the rest are awarded the economist degree.