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Bernie Madoff on the modern stock market

submitted by ed11561
1 decade 5 years 11 months 2 weeks ago

Bernard Madoff, former NASDAQ chaiman now implicated in a $50 billion Ponzi scheme, at a 2007 roundtable discussion with Justin Fox, Ailsa Roell, Robert A. Schwartz, Muriel Seibert, and Josh Stampfli.

These are some excerpts featuring Madoff, recently implicated in a $50 billion Ponzi scheme.

The date of the confererence was Oct. 20, 2007, shortly after the sub-prime crisis started to become evident in August, although world markets were still riding high.

8 Comments

"...Wall Street is one big turf war...by benefitting one person, you're disadvantaging another person...."

The highlight of this clip is at 5'20" where Bernie says:

'In today's regulatory environment, it's virtually impossible to violate rules...this is something that the public doesn't understand...it's impossible for a violation to go undetected, and certainly not for a long period of time."

And let us all just say, *bravo.

Adding video to channels (Bravo) - requested by Trancecoach.

*Long

This video has been flagged as being at least 10 minutes in length - declared long by Trancecoach.

Moving this video to ed11561's personal queue. It failed to receive enough votes to get sifted up to the front page within 2 days.

This post has been removed from the Bravo channel by channel owner Deano. Please review the FAQ to learn about appropriate channel assignments.

This post has been removed from the Brain channel by channel owner jonny. Please review the FAQ to learn about appropriate channel assignments.

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