One fraudulent share trade at NYSE caused $50 billions of losses for investors.
HSBC, one of the world's largest banks, could lose up to $1 billion. Many more expected losses across some of Europe's leading financial houses are to be added to it.
The question is, where were the legislators when Bernard Madoff was building his Ponzi scheme seeking to defraud small and large investors? Surely, there should be some financial safety measures in place to stop shonks like him from using other people's greed to his own advantage...
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HSBC, one of the world's largest banks, could lose up to $1 billion. Many more expected losses across some of Europe's leading financial houses are to be added to it.
The question is, where were the legislators when Bernard Madoff was building his Ponzi scheme seeking to defraud small and large investors? Surely, there should be some financial safety measures in place to stop shonks like him from using other people's greed to his own advantage...
Discuss
Tell a friend
Bury
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