The Delta Hedge

Interested mainly in the day to day volatility of the market, sports world, and daily life... Influences Adam Smith, Irving Fisher, Frank Knight, Jacob Viner, Harold Hotelling, Arthur Burns, Friedrich Hayek, Homer Jones, Ludwig von Mises, Henry Simons, George Stigler You can follow me on twitter at: The Delta Hedge
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#Madoff says banks “had to know” it was a #Ponzi schemeBernard Madoff told The New York Times that banks and hedge funds with which he did business adopted “willful blindness” to his mammoth Ponzi scheme. “They had to know,” Madoff said. “But the attitude was sort of, ‘If you’re doing something wrong, we don’t want to know.’ ” He refused to name the financial firms that were “complicit” in his scam. 

#Madoff says banks “had to know” it was a #Ponzi scheme
Bernard Madoff told The New York Times that banks and hedge funds with which he did business adopted “willful blindness” to his mammoth Ponzi scheme. “They had to know,” Madoff said. “But the attitude was sort of, ‘If you’re doing something wrong, we don’t want to know.’ ” He refused to name the financial firms that were “complicit” in his scam. 

  1. deltahedge posted this