Wall Street: Rotten to Core

[Hugh Conway]

Former Nasdaq vice chairman charged with fraud:

 

The charges against Madoff are damning. Indeed, the Securities and Exchange Commission characterized the alleged fraud as "stunning" and "epic" in proportion. The former Nasdaq stock market vice chairman allegedly ran an elaborate Ponzi scheme with clients of his firm, Bernard L. Madoff Investment Securities LLC, and did so for years at the loss of some $50 billion.

 

For Comedy, from his company website:

Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner's name is on the door. Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm's hallmark.

[j_b]

Such acute understanding of the casino economy should be rewarded in the traditional fashion: make him treasury secretary or put him in charge of the Fed. reserve.