Economy & Policy

Me and Bernie Madoff on video, abridged

By Justin Fox | December 15, 2008 | +

I’ve already written about my Bernie Madoff panel-moderating experience, but now that other people are posting an abridged YouTube video of the event (with contributions from Madoff and his employee Josh Stampfli, plus a few of my questions), I figure I’d better do the same:

A friend suggests that I “might get some branding from this.” Any suggestions? (Other than that I need to sit up straighter; Mrs. Curious Capitalist is already on that case.)

Update I should clarify that the entire discussion about how Madoff’s firm made money related to his brokerage business, which is where Stampfli worked. I didn’t even know that Madoff managed anybody’s money.

Related Topics: Economy & Policy

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  • banzai7

    PALM BEACH GOT RUN OVER BY MADOFF’S PONZI REINDEER
    (Grandma Got Run Over By a Reindeer)
    WilliamBanzai7

    (chorus)
    Palm Beach got run over by Bernie Madoff’s Ponzi reindeer
    Just two weeks before Christmas Eve
    You can say there’s no such thing as a Wall Street scamster
    But as for we in America, we believe

    He’d been chalking up bogus Alpha
    So the SEC said he had to go
    And as he waltzed out of his lair on Third Avenue
    Defiant as he was, he said, “Positive returns, hell no!”

    When they woke up yesterday morning
    It was clear the Palm Beach clique had been attacked
    May as well stick a note to their own foreheads
    Saying, “Oh Lord, please give us our money back!!”

    (repeat chorus)

    Now we’re all so proud of our regulators
    They’ve been taking this so well
    See them crammed in Madoff’s office
    Knowing that SEC Chairman Cox will soon be sent to pink slip h-e-l-l

    It won’t be a Merry Christmas thanks to Madoff
    Nor a Happy Hannukah as well
    And we just can’t help but wonder
    Dosn’t all of Wall Street have that pungent Ponzi smell?

    (repeat chorus)

    Now that Madoff’s books are on the table
    See all the other asset managers dance a jig (Ah!)
    And the bogus billion dollar earnings
    That not surprisingly had been rigged!

    Be forewarned all you rich country club investors
    Better watch out for yourselves!
    You should not make be dreaming of serial Alpha
    With hedge fund goofs who play golf better than yourselves!

    (repeat chorus)

  • bryanfromhouston

    I particularly like the part at 5:20 or so…
    -
    It is “impossible to violate the regulations…certainly not over a period of time…”
    -
    Hubris. Pure and simple. The Bush Era shall forever be known as the age of hubris. Unadulterated hubris.

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