Jan

2

 Why are not more people empathizing with those who lost their nest eggs and retirement plans to the Madoff scheme and instead placing the harm on charities and fate?

Charles Pennington observes:

It is an interesting story, but the $50B apparently lost is less than 1% of the $5-10 Trillion lost in worldwide equity markets over the past year.  People lost $100B on GOOG alone, and one can name scores of other stocks that dropped more than $50B in market cap. Furthermore a large but unknowable fraction of Madoff investors suspected that their gains came from front-running.  They will never admit that now.


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