We wouldn’t have thought to ask Nouriel Roubini about Bernie Madoff’s alleged Ponzi scheme. But someone else has, and it’s thrown up an interesting tirade from the master of economic doom and gloom. Reprinted in its full forcefulness below, with selected highlights from us.
A reporter contacted me today with the following question:
“I am a reporter and I am doing a story on Bernard Madoff’s life after pleading guilty. As part of this I was wondering if you could comment on what significance he will have in the history of this period. Will he represent more than a scamster who stole a lot of money from a lot of people? As Bernie Ebbers and Ken Lay came to embody corporate greed and deceit, what will Madoff symbolize? I would really appreciate your insights on this”.
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