Archive for October, 2011

Irving Picard

Friday, October 28th, 2011

I thought I misread it. I was reading a story on Bloomberg.com noting that the Madoff family would be allowed to keep over $80 million thanks to a ruling by Judge Jed Rakoff  several weeks back. According to this ruling, the Bankruptcy Trustee Irving Picard can only go back two years ...


Madoff Media Whores

Friday, October 28th, 2011

Here we are nearly three years out from the worst financial crime in history, and the media remain singularly focused on the musings of the criminal himself - Bernie Madoff - and his family.  Been a bad week for Madoff victims as we've had to watch Stephanie Madoff Mack make ...


This is Compassion? Madoff Trustee Demands Millions from Agency that aids Seniors

Tuesday, October 18th, 2011

The Trustee handling the Madoff liquidation will tell any reporter who will listen that he has unique "discretion" and "compassion."  Under what definition is it compassionate to demand over $5 million from an organization that benefits the elderly?  Read it for yourself.  This is beyond cruel.


Irving Picard’s Perversion – #OWS and Madoff Victims

Friday, October 14th, 2011

I posted a story early in the #OccupyWallStreet protest talking about an unlikely alliance between Madoff investors and OWS. In that post, I talked about the Securities Investor Protection Corporation (SIPC), a not-for-profit organization ostensibly created to assist investors who lose their hard earned money, but whose real job, we have ...


#OccupyWallStreet and NYPD

Thursday, October 6th, 2011

I have to admit that I'm a little conflicted. The air in Foley Square yesterday in anticipation of the march down to Zuccotti Square was full of levity and excitement. It was, well, electric. I was there with thousands of others -- young, old, middle aged, black, white, asian, jewish, ...


Madoff Investors and #OccupyWallStreet – An Unlikely Alliance

Tuesday, October 4th, 2011

Cong. Scott Garrett has shown yet again his deep understanding of the Madoff affair by asserting that the embattled Securities and Exchange Commission (SEC) is more interested in protecting Wall Street than Main Street, and that the Madoff victims have been the canaries in the coal mine.    Nearly three years ...