You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.
All one great big lie. - Bernard Madoff
All one great big lie.
- Bernard Madoff
It's a proprietary strategy. I can't go into it in great detail. - Bernard Madoff
It's a proprietary strategy. I can't go into it in great detail.
Today, basically, on Wall Street, the big money is made by taking risks. - Bernard Madoff
Today, basically, on Wall Street, the big money is made by taking risks.
In today's regulatory environment, it's virtually impossible to violate rules. - Bernard Madoff
In today's regulatory environment, it's virtually impossible to violate rules.
The whole government is a Ponzi scheme. - Bernard Madoff
The whole government is a Ponzi scheme.
The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no ze… - Bernard Madoff
The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no ze…
You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running o… - Bernard Madoff
You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running o…
Wall Street is one big turf war. By benefiting one person you are disadvantaging another person. - Bernard Madoff
Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.
The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'. - Bernard Madoff
The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'.
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