Friday, December 12, 2008

The 50bn Dollar Man: Bernard Madoff

As Warren Buffett says, you only find out who is swimming naked when the tide goes out...
Felix Salmon at Market Movers has been busy today blogging about the man who lost (or swallowed or stealed or whatever) the sum, apparently, in the markets and who told his investors that he was making great returns for them.
With that money you could feed (and put the change in the pocket of) the whole of Uzbekistan (about 27m people) for about 2.5 years. Financiers moan about the guy in the street having no sympathy towards them - how is this supposed to change that?

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