It was a professionally written article, with an adult point of view. The IHT is owned and operated by the NYT. The Times itself has a few old pros in the bullpen, but under the current management, the children have definitely taken charge.
I spoke, for instance, to Phyllis Molchatsky, who lost $1.7 million with Madoff — and is now suing the S.E.C. to recoup her losses, on the grounds the agency was so negligent it should be forced to pony up. Her story is sure to rouse sympathy — Madoff was recommended to her by her broker as a safe place to put her money, and she felt virtuous making 9 or 10 percent a year when others were reaching for the stars. The failure of the SEC, she told me, "is a double slap in the face." And she felt the government owed her. Her lawyer, who represents several dozen Madoff victims, told me he "wouldn't be averse" to a victims' fund