Madoff scandal in the end of 2008 is another bad news for this economy. It seems that all the ugliness come out when the curtain is open. The people that lost their money in this Ponzi Scheme are financial advisors and bank experts. How come those people can get into deep trap of this ponzi [...]
Archive for June, 2009
6 Jun
Angelo Mozilo is charged with fraud
The economy recession now partly comes from the mortgage crisis, which is led by the Countrywide fraud. It is happy to see that Angelo Mozilo, the former boss of Countrywide get charged on June 4th. There are still many people like him who lead to this financial crisis today. If SEC can keep doing research, [...]
