 The Wild Wild World of Wealth |  |
There probably isn’t one late night television viewer in the U.S. that has not seen an ad for tax relief. Roni Deutch and her claims of paying the IRS just pennies on the dollar, American Tax Relief and J.K. Harris are probably familiar to most. Unfortunately, most of these TV hucksters promoting tax relief are simply frauds.
60 Minutes: “Do you have any friends?”
Marc Dreier: “Now? It doesn’t seem so.”
I’m here editing The Gods of Greenwich and thinking about 2008, which is the year my story takes place. So in the current theme of light summer reading on Acrimoney, here is a snippet from Chapter Thirty-Five. The paragraph is based on something that really happened the day Lehman Brothers failed, September 15, 2008.
Inside Edition: “It’s been reported that Madoff said, ‘Screw the victims.’ What’s your response?”
Answer in chorus: “He already did.”
Read more by clicking on the title above.
Twenty-nine Madoff victims have banded together to tell their stories. I can hardly wait to read their book which is appropriately titled: The Club No Wanted to Join—Madoff Victims in Their Own Words.
I have not seen the book. My copy has not shipped yet. But I look forward to reading about the investment experiences with Madoff and his intermediaries. I also look forward to reading what the authors report about Irving Picard, the trustee.
Click on the title above to read more, including my recipe for “Spaghetti alla Madoff.”
Is paranoia necessary to survive on Wall Street?
In one sense, Goldman Sachs is no different from any other investment bank on Wall Street. When it comes to protecting the brand, junior employees are expendable. Like goldfish, investment banks eat their young when self-interest make cannibalism seem rationale.
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