Agreed. It just like the Bernie Madoff investors. They were counting on Madoff having inside information that would yield them an advantage over other investment firms. Same with Goldmann-Sachs-connected Corzine.
“Agreed. It just like the Bernie Madoff investors. They were counting on Madoff having inside information that would yield them an advantage over other investment firms. Same with Goldmann-Sachs-connected Corzine.”
Thanks so much. It’s hard getting supporters when you get your hands dirty in stuff like this. I also went after Arthur Andersen back in its day. That outfit seemed to always turn up when books were being cooked. I simply had trouble believing that the hot shots there were oblivious to their continuous (and always one-sided) ‘mistakes’. But man did I get some feedback.
Madoff is a good analogy - the people that gave him their money knew he was doing “something” because of the (paper) returns they kept seeing, but they preferred not to know exactly what. Obviously those working for Madoff knew what was going on and I suspect that most people working for Corzine knew also...and that’s likey one of the reasons they will have a hard time finding their next job.