Bernard L. Madoff - Questions Are Raised in Madoff’s Massive Fraud - NYTimes.com

Questions Are Raised in Trader’s Massive Fraud - NYTimes.com: “For years, investors, rivals and regulators all wondered how Bernard L. Madoff worked his magic.

But on Friday, less than 24 hours after this prominent Wall Street figure was arrested on charges connected with what authorities portrayed as the biggest Ponzi scheme in financial history, hard questions began to be raised about whether Mr. Madoff acted alone and why his suspected con game was not uncovered sooner.

As investors from Palm Beach to New York to London counted their losses on Friday in what Mr. Madoff himself described as a $50 billion fraud, federal authorities took control of what remained of his firm and began to pore over its books.”

Mark Cuban - Public Works, The Inauguration and the next BailOut Scandal « blog maverick

Public Works, The Inauguration and the next BailOut Scandal « blog maverickMark Cuban endorses Obama's plan to spend money on public works projects: “In the big picture this is not a major suggestion. Think of it as something that can be done with no downside and long term benefit.

I personally don’t think a stimulus package of checks or rebates to the consumer will work. I believe consumers are so beaten up and fearful of the future that they will put it in the bank.  Of course 20 years ago that would have been a good thing, These days banks don’t appear to be lending those deposits. So there is no primary or secondary stimulus impact.”