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January 27, 2009

Shock Discovery of Madoff-ian Cynicism

Gosh, Bloomberg is running a piece saying that some Wall Street sorts were enabling Madoff’s financial scam by winking at whatever he was up to, but not asking. They knew his strategy didn’t make sense, but it produced results, so they just took the checks and walked on.

Now, where have I heard that before? Hmmm. Oh, now I remember. It was me more than a month ago.

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