And giving a far better bang for the buck, apparently.
What constitutes ‘knowing’?
If you mean having sufficient evidence to convict Mr. Madoff in a court of law, nobody had that until he confessed.
I still do not get why Madoff is in prison. There are rapists, armed robbers, murderers and other real criminals who will do less time than he did.
Then again, he could be lying about this in order to get some love from the MSM, because we know they love ANYBODY who will bash the “evil” bankers.
Like the bank robber who says it’s the banks fault he robbed it because it had money.
The corporation cut dividends to comparative pennies almost a couple years ago and continues to do so despite the big bucks it's raking in.
Anything can be expected when Bill Daley is one of its officers along with CEO Jamie Dimon who's an Obama enabler, donor and footsie-player.
The Daley family tentacles are everywhere, but they've succeeded for endless decades in keeping mostly everything under the radar.
I suspect that Bill and Jamie extract tons of $$$'s and goodies from JPM while the investors are left to suck wind.
Madoff got too big for his britches and his deck of cards was bound to fall apart. The other high finance scam dealers play it cool while they operate in Brooks Brothers suits under legitimate corporate cover. Unlike Bernie, they are very careful and clever in their mendacity....and they succeed inordinately in their particular line of work.
Leni
So the banks ‘had to know’ but there was no way that his kids, who worked in the company itself, could know? Come on, Bernie!