Thursday, December 25, 2008

Bernie Madoff discusses the stock market in video from 2007

Bernard MadoffBernie Madoff the (alleged) $50 billion Ponzi scheme maestro discusses the modern stock market in this video. Check out the swooning introduction from the moderator.




Be sure to take note of this line: “By and large, in today’s regulatory environment it is virtually impossible to violate rules… It’s impossible for a violation to go undetected, certainly not for a considerable period of time.”