February 16th, 2009
11:30 AM ET

Decade at Bernie’s

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/images/02/16/art.money.bill.jpg]
Paul Krugman
The New York Times

By now everyone knows the sad tale of Bernard Madoff’s duped investors. They looked at their statements and thought they were rich. But then, one day, they discovered to their horror that their supposed wealth was a figment of someone else’s imagination.

Unfortunately, that’s a pretty good metaphor for what happened to America as a whole in the first decade of the 21st century.


Filed under: Economy • U.S. Federal Reserve
soundoff (2 Responses)
  1. earle,florida

    Please take no offense,but this was an exclusive "Jewish Only Investment Fund" who by the way control 75% of Wall Street,... so basically what I'm trying to say without hurting anyones feelings, is"clean up your own act"!

    February 16, 2009 at 12:52 pm |
  2. Isabel Abreu, Brazil

    Fraud involving the investor Madoff shows that large finances of our time is nothing but a big fraud, a 'casino' game in which everyone trick with each other and, as such, are based on a mere eyewash.

    February 16, 2009 at 11:39 am |

Post a comment

You must be logged in to post a comment.