Reuters have produced another list of losers from Madoff. What is interesting is the large exposure from banks who lent money to Hedge Funds to invest with Madoff.
Some reports indicate that he started to go wrong in 2005. It strikes me as unlikely that $50bn of losses could build up in such a short period.
Still this has quite a bit of unravelling to do.
Some reports indicate that he started to go wrong in 2005. It strikes me as unlikely that $50bn of losses could build up in such a short period.
Still this has quite a bit of unravelling to do.
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