Slate Money Criminals: Bernie Madoff
Slate Money
00:00
The Unanswerable Question About Bernard Madoff
Bernard Madoff had a Ponzi scheme where he took people's money and pretended to invest it. His returns were what were they? 10% every year without fail but he wasn't investing the money at all. He basically invented electronic trading that we know it today. We owe him actually a great debt for democratizing the markets as a market maker.
Play episode from 04:54
Transcript
