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New at Reason: Anthony Randazzo on Bernard Madoff's $50 Billion Ponzi Scheme
Though some may try to bill
Bernard Madoff's multi-billion dollar swindle as new evidence in
the case against evil capitalism, writes Anthony Randazzo, it has
little to do with exotic investment vehicles or over leveraged
hedge funds. Madoff's con is just your every day, run of the mill
Ponzi scheme—it just happens to have been run by the Frank Sinatra
of Wall Street.
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