Posted by David Bernstein:
>From the Website of Bernard L. Madoff Investment Securities:
http://volokh.com/archives/archive_2008_12_07-2008_12_13.shtml#1229108075
In an era of faceless organizations owned by other equally faceless
organizations, Bernard L. Madoff Investment Securities LLC harks
back to an earlier era in the financial world: The owner's name is
on the door. Clients know that Bernard Madoff has a personal
interest in maintaining the unblemished record of value,
fair-dealing, and high ethical standards that has always been the
firm's hallmark.
[1]Madoff, as readers probably know, has just been arrested for
running a ponzi scheme that apparently burned through $50 billion
(that billion with a "b").
References
1. http://www.madoff.com/dis/display.asp?id=203&mode=1&home=1
_______________________________________________
Volokh mailing list
[email protected]
http://lists.powerblogs.com/cgi-bin/mailman/listinfo/volokh
