The scariest thing about the report, perhaps, is that it isn't about what happened in the past as much as it's an indicator of what our future looks like. The Madoff Ponzi scheme was a relatively simple scam: all anyone in enforcement ever had to do over the years was to obtain documents showing that wily old Bernie wasn't doing any trading at all. They never did. This is the same agency, slightly tweaked, that we're going to depend on to root out fraud in the mind-bogglingly complex world of over-the-counter derivatives that is even now resuming its old habits.
Michael Hirsh: Madoff Report Indicts Entire Regulatory System
Two helicopters crashed midair in New Jersey on Sunday, killing one person and critically injuring another,...
The "ball" is dropping twice to ring in 2026.Days ahead of the iconic Times Square New...
Screen siren Brigitte Bardot, whose portrayals of free-spirited ingenues made her an international sex symbol and...
A new year means a new parade of classic characters and works entering the public domain.Under...
