While under-regulated "complex financial instruments" have taken most of the blame for the financial collapse, Bernie Madoff, the guy charged with running a $50 billion Ponzi Scheme, reminds us that sometimes it's plain old greed and lies.Below is a 30-minute video of Madoff at a roundtable discussion in October, 2007. Let's play "drop the needle." Start the video at any point and add a comment with the most ironic thing you hear Madoff or his buddy Josh Stampfli say.[youtube]http://www.youtube.com/watch?v=auSfaavHDXQHere are two to get the ball rolling:Madoff at 3:27: "Today, basically, the big money on Wall Street is made by taking risk."Madoff at 5:23: "In today's regulatory environment it's virtually impossible to violate rules."
THE DAILY GOOD
Start your day with something GOOD.