On the recordSeptember 9, 2009
Bernie Madoff stole $50 billion, and maybe more. He stole from individuals, he stole from pensions funds, he stole from charities and municipalities.
Source
congress.govBernie Madoff stole $50 billion, and maybe more. He stole from individuals, he stole from pensions funds, he stole from charities and municipalities.
Dodd emphasizes the extensive theft by Madoff affecting various sectors.
Share
More from Chris Dodd
Maybe we ought to be spending a little more time looking at the relationships at that level.
I'll tell you, one of the things I feel very good about is that there are people like Bob Menendez, who care about these issues.
In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place.
The truth is that the catastrophe was years in the making caused by regulatory negligence and Wall Street gambling.