$50 Billion Fundamentalist Free Fall
…an the tip, the system is, if not quite secure, then stable at least. When numbers of new investors decrease, as is inevitable in a finite universe, the seismic shocks ensue. What triggered this now is the overwhelming feeling of crisis on Wall Street and throughout the country. Simply put, a number of Madoff’s investors needed their money (even the very wealthy are feeling pinched in this downturn), and he was confronted with the impossibility of…
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