Madoff Prison Interview

http://www.futureofcapitalism.com/2011/02/madoff-prison-interview

My favorite parts of the New York Times's jailhouse interview (The banks "had to know") with Bernard Madoff were these:

Both the interview and the e-mail correspondence were conducted as part of this reporter's research for a coming book on the Madoff scandal, "The Wizard of Lies: Bernie Madoff and the Death of Trust," for publication this spring by Times Books, a division of Henry Holt & Company.

And:

Mr. Madoff's claims must be weighed against his tenuous credibility. After deceiving federal regulators and supposedly sophisticated investors for at least 16 years, he would certainly be branded as a liar by defense lawyers if he appeared as a witness against any defendant in a courtroom — a fact he acknowledged somewhat ruefully during the interview on Tuesday.

Both these points were subject to being lost today as the headline claims from the interview — the banks "had to know," while Mets owner Fred Wilpon "knew nothing" — were widely recycled on other news outlets.

by Editor  |  Feb 16, 2011 at 3:12 pm Related Topics:  Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list