Stupidity and negligence: do they explain Madoff's risky business
Here we go again, ‘there shall be a weeping and gnashing of teeth' heard globally as pension funds, charities and banks lament the loss of billions of pounds because Madoff was a crook.
Sorry ‘alleged' crook.
While the Securities and Exchange Commission will certainly be puckering up because no matter how fast its excuses are spewed out of the press office, it fundamentally failed in its role. But it wasn't the only one.
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