12 March 2009

This Just In

Reports the Wall Street Journal, "Bernard Madoff pleaded guilty to all 11 charges in one of Wall Street's largest swindles. Prosecutors filed papers Tuesday saying Mr. Madoff's investment company reported a total balance of $64.8 billion in November even though it actually had only a small fraction of that amount."

I fear that this is not the end of this saga, but it is certainly a step in the right direction.

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