Madoff

I predict the Madoff story and subsequent investigations will be huge in 2009, leading down all manner of interesting paths, and will spawn many other such investigations.

In the beginning was subprime, and that spawned a meltdown in mortgage-backed securities, then asset-backed securities in general, then the financial world at large, then precipitated a recession.

The Madoff story is the start of the financial corruption story, just like subprime was the start of the financial implosion story.

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One thought on “Madoff

  1. One fascinating destination: The accounting firm. Located in a trailer in a strip mall. If Ifound my Mother, who depends 100% on Social Security, was going there for help in filing her tax forms, I would hustle her away from there fast and punch whoever opened the door in the nose.

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