Bernie Madoff is the Mirror of a Made-Off Ponzi Economy
Nouriel Roubini | Mar 11, 2009
A reporter contacted me today with the following question:
“I am a reporter and I am doing a story on Bernard Madoff's life after pleading guilty. As part of this I was wondering if you could comment on what significance he will have in the history of this period. Will he represent more than a scamster who stole a lot of money from a lot of people? As Bernie Ebbers and Ken Lay came to embody corporate greed and deceit, what will Madoff symbolize? I would really appreciate your insights on this”.
Here is my answer fleshed out in full:
