Thursday, January 29, 2009

Good Quote re Madoff


"We should all recognize that the inadequate oversight of all the recent financial scandals can be traced to the political mumbo jumbo of that dynamic duo of the eighties, Maggie and Ron, soulmates of the Transatlantic conservative political Ponzi game. They sold too many voters that “government is the problem” and the markets will regulate themselves. Now their respective nations are smoldering in the ash heaps while the practitioners aree still collecting obscene bonuses. The root problem is greedy capitalismwithout governmental supervision."

From a comment on a Kristoff article on the foundations which were invested in Madoff

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