Tag: Alan Maass

The biggest swindle of all

Original article, subtitled Bernie Madoff’s $50 billion fraud had a lot in common with the everyday workings of capitalism, says Alan Maass, via socialistworker.org:

THEY LINED up to give him their money because he always delivered. Big European banks, assorted hedge funds, super-rich philanthropists, sports moguls–they all flocked to Bernie Madoff’s investment firm because he produced stellar returns, year in and year out.