$50 Billion Fundamentalist Free Fall
In the latest news flash that has Wall Street reeling, Bernard Madoff, arguably the most dominant figure at the NASDAQ Exchange, was arrested on one count of Security Fraud by an FBI team investigating the affair. The Securities and Exchange Commission has launched its own investigation, and further charges seem inevitable. The numbers involved are staggering. His company’s value, estimated at some $50 billion is now, by his own admission, based…
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