Editor’s Note: You can read more Jami Floyd blogs on “In Session.”
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Bernie Madoff admitted Thursday to stealing $65 billion investor dollars. It looks as though there were more than 4000 victims – and we’re not just talking about the rich and famous. There are lots of regular folks who have lost everything.
One guy I know, a lawyer here in New York, had three-quarters of his net worth tied up with Madoff. There’s a South African fellow who came to this country with nothing, worked hard and, over the years, gave a million dollars to Madoff to invest. He’s lost his life savings. There’s a Boston woman who worked for a charitable foundation. It had all of its assets “managed” by Madoff. Now, her job, her entire retirement account and the foundation itself have – poof – evaporated.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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