PJ Media

The good news in the interview is that Wall Street investors may now understand that there are three important “R”s to mind: Risk, Regulation, Responsibility. For many years, investors bought into “riskless” investing and the efficacy of self-regulation (who needs oversight — clearly these guys wouldn’t put themselves out of business?!). It seems investors are replacing “riskless” in their personal lexicons with a much more important word: Responsibility. It’s nice to know it’s making a comeback.

Ouch, not quite :

In fact, Madoff used Jewish charities to build up immunity from snoopers. Anyone suspected of being anti-Madoff was leaned on—heavily. There were many who steered clear of Madoff nonetheless. In 2003, the French Société Générale figured that Madoff’s numbers didn’t add up and placed him on its blacklist.

The trouble is that the U.S. government will not go all the way while prosecuting Madoff. Uncle Sam would if there were pension funds involved, but going to bat for some rich white Europeans is not Sam’s habit. Obviously Madoff has hidden assets, perhaps in the billions, and most of his feeder fund managers have money, too. I don’t see any of them wearing striped pyjamas any time soon. Smart lawyers, the best money can buy, will defend them against underpaid government mouthpieces. The leading players so far have maintained a stony silence, making sure to avoid any kind of apology or statement of responsibility

http://www.takimag.com/blogs/article/madoffs_make_away

and bizarre business ????

Almost forgotten in the Madoff scandal is another scandal in which Morris “Moshe” Talansky, a New York businessman, admitted that he gave Olmert $150,000 in cash contained in envelopes.

http://onlinejournal.com/artman/publish/article_4234.shtml

So, who is afraid of Mad Wolf ????