Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Madoff Scam Proves Wall St. Incompetence

Drastic regs needed, and be sure financial firms will resist

By Kevin Spak,  Newser Staff

Posted Dec 17, 2008 2:20 PM CST

(Newser) – If the Bernard Madoff scandal teaches us anything, it’s that Wall Street’s masters “aren’t just too clever by half,” writes Steven Pearlstein in the Washington Post, “they’re not clever at all.” They didn’t just get “...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
1 comment
A snapshot of the day's best news stories.
 

More Newser Stories

Ruth Madoff Dumping Bernie

Ernst & Young Hit With Civil Fraud Suit

Trustee Wants $30M More From Madoffs

Madoff Has $9B Secret Stash: Fellow Inmate

Prisoner Madoff: 'F*** My Victims'


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment