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The Question Still Stands: Can One Man Steal $65 Billion?

Adam Lovejoy writes: Well wouldn’t you know it: big Bernie Madoff, who’s doing life in a US prison for singlehandedly stealing $65 billion in a Ponzi scheme, has told some of his chums on the inside that just before his arrest in 2008 he had secretly transferred $9 billion to his ‘friends’ for safe keeping. Imagine the shock the authorities got when they heard about it. Bernie, you see, had confessed to stealing all the money himself and now, all of a sudden, a new ugly truth is starting to emerge: Mr Madoff, it seems, could have actually been in cahoots with others. How crazy is that? But enough of this nonsense. Let me pose a question that I asked on this website ages ago: can one man steal $65 billion? And the answer would be a resounding ‘no’! No one can steal that much... 

A Quick Cynical Glance At Events Around The World. In No Particular Order

Dan Majestic and Adam Lovejoy write: Few people are holding their breath as the long awaited Chilcot inquiry into the war in Iraq opens this week in Britain. To expect that it would give answers to any of the serious questions about Britain’s involvement in the illegal war would be too much to ask, considering that the current Labour government would be the last to want to get to the bottom of things. Not to mention that Sir John Chilcot, presiding, served on the 2004 Lord Butler inquiry that had failed to find anything unusual in the then Prime Minister Tony Blair’s closest advisors ‘sexing up’ the documents that were later used to convinced the nation to go to war. Still, word is that Mr Blair has been losing sleep recently, having missed out on a chance to get that so... 

Let’s Be Cynical About $65 Billion Going Missing

Bernie Maddof, who is serving 150 years in the slammer, has been talked about in recent days a lot. Some people even call him the biggest fraudster in the history of mankind. It is a scandal, they are saying, that Maddof was allowed to swindle so many peeple out of so much money. But, of course, the real scandal is the fact that everybody is pretending that Maddof was alone on this. Stealing sixty five billion from his investors, that is. One man operation it was. No one else knew about it and no one else was involved. Even his family was unaware where the cash was coming from. What rubbish! Of course it was a team effort. Big names must have been involved. Regulators were obviously paid off. Senior bankers must have been sharing the illegal proceeds. Some ministers must have been aware of... 

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