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Kass: The Madoff Story Is Huge
This post from Doug Kass' Trading Diary on RealMoney Silver originally posted at 6:13 p.m.
The story of Bernard Madoff, if the charges of fraud are true, is the single biggest financial story of the year.
It is bigger than WorldCom, bigger than Boesky and bigger than Tyco.
It attacks at the core of investor confidence -- because, if true, and this could happen ... Investors might think that almost anything imaginable could happen to the money they have entrusted to their fiduciaries. ...
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