Tuesday, December 16, 2008

Madoff Fraud has Worldwide Ripple Effects.

Ex-Nasdaq chair arrested on fraud charge, Richard Madoff, had put an elaborate fraud scheme together. Major European banks are now effected by the fraud. This latest scandal combined with the " toxic paper" from bad loans will make it harder to restore any trust from the global financial community to Wall Street.

read more | digg story

No comments:

4-17-2024

Nukes in space: a bad idea in the 1960s and an even worse one now Evidence for Ancient Nuclear War on Earth UAE Sky Turns Green and Floods A...