The NYTimes has a story on the Bernard Madoff $50Billion Ponzi scheme that has wreaked havoc among the wealthy in New York this Christmas. Fittingly the story title is :
For Investors, Trust Lost, and Money Too
Maddof’s doing to his posh investors is but a reflection of what US Finance and Wall Street has done to US and World Economies as well. Small consolation – and perhaps just a glancing commentary on Fiduciary Trust and its status in a Masters of the Universe world of finance.