Picower....dead!!!

Discussion in 'Wall St. News' started by spinn, Oct 25, 2009.

  1. spinn

    spinn

  2. All the signs of a mob hit.

    The billions Picower made from Madoff are no where to be found. Picower was getting 100% returns while the rest of Madoff's clients were getting 12%. Either Picower had the goods on Madoff or the mob was pressuring Madoff to get that kind of return.
     
  3. Wow.
     
  4. ipatent

    ipatent

    Just a minor liquidity problem.
     
  5. when you dance with the devil ...
     
  6. CET

    CET

    It was a cash flow problem. He had plenty of liquidity in the pool. :eek: :D :p