In another move sure to undermine already fragile investor sentiment in the markets, world-class scumbag hedge-fund manager and former chairman of NASDAQ admitted to investigators and key employees that the $50 Billion managed by the firm was "basically a Ponzi scheme." Madoff also told investigators that there "was no innocent explanation" for his actions. "Madoff's investors included captains of industry, corporations -- some of which are publicly traded -- that used Madoff almost as a high-yielding cash management account, endowments, universities, foundations and, importantly, many high-profile funds of funds," said Douglas Kass, who heads hedge fund Seabreeze Partners Management. "It...