December 13, 2008

Hi Ho Silver (and Gold) Away

By guest author, Brad:

Where is the Lone Ranger when you need him?  A Wall Street icon arrested for allegedly cheating investors and causing, or hiding, losses of more than $50 billion over a 40 year period.  And not just any Wall Street player:  this guy, Bernard Madoff, is a former chairman of the NASDAQ.

For you younger readers, the theme song of the Lone Ranger TV show includes the following lines:

       With his faithful Indian companion, Tonto, the daring
       and resourceful masked rider of the planes led the 
       fight for law and order in the early West.  Return with
       us now to those thrilling days of yesteryear.

Well, Hi Ho Silver AND GOLD Away!!   Don't get me wrong, the FBI is great.  But wasn't somebody watching sometime during those 40 years?  Accountants maybe?  The SEC?  Experts from the other funds that hired this guy?  Didn't anybody notice the disappearance of $50 billion?


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