No bank in the world has $60 Trillion. Where did this $60 Trillion got transfered to? The $60 Trillion did not get invested in Stocks, Real estate, Gold, Commodities. Where did this $60 Trillion vanish/disappear?
People like Madoff have high-profile contacts with powerful persons such as Barack Obama and other politicians. Madoff's fraud was discovered after Barack Obama was President-elect. Since his arrest Madoff has no fears and he keeps smiling all the time. Some powerful person is protecting Madoff and this powerful person is Barack Obama.
Another et tard. Next time before having a rush limbaugh coming out party just use the phrase "political whore" in your thread title. It would save us some time.
bfft maddoff is old news. the ppl who bought into his cam deserved to lose money for being such idiots.
If Madoff can easily admit to $50 billion fraud, he can easily hide money in tax-haven places outside USA (offshore) because they are completely annoymous. Many rich people have annoymous accounts in Tax-haven places.
SEC official: agency did not detect Madoff fraud http://news.yahoo.com/s/nm/20090127/bs_nm/us_madoff_congress_richards