Shakes

Where Is Madoff's $50 Billion?

it's going to be interesting to see how this plays out. no doubt there is $30bn+ in principal lost. not only are there many families who have kept their staggering losses a secret so far, but what the media is missing is that most of this stuff was leveraged to the hilt. once the trades these assets were linked to start having to unwind, we're going to have mass selling in q1 just like we did in q3.
where the money is is anyones guess. no doubt he acted with his sons and the whole family is in on it - anyone who thinks otherwise is an idiot. in fact, i wouldn't be surprised if old man madoff has a terminal disease and is taking the fall for the sons, knowing that he only has a year or two left. it's the only logical answer here. they should all have their passports revoked until further notice - the govt is bumbling along yet again...