Bailout for Madoff Victims?
Categories: Featured, The Money Trail
The bogus speculations of Bernard L. Madoff have ripped off tens of billions from the high and the low and has even impacted the stock market. Naturally someone is calling for a bailout. At least that's what it sounds like a hedge fund group called the Alternative Investment Management Association is suggesting; Reuters says the Association "called on Monday for restitution for investors" who were burned by Madoff. Their follow-up sounds like bailout talk, too: "Clearly, lessons must be learned, restitution must be secured for investors, and processes/safeguards must be improved to prevent such a situation recurring." Hold on to your wallets, folks -- this one-man scam may be too big to fail!
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