BernardMadoff http://www.mrc.org/taxonomy/term/13352/all en Dear NY Times: Speaking of Ponzi Schemes http://www.mrc.org/correcting-record/dear-ny-times-speaking-ponzi-schemes <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/donald-j-boudreaux-phd">Donald J. Boudreaux, Ph.D.</a> </div> </div> </div> <p >Editor, The New York Times</p> <p ><st1:street w:st="on"><st1:address w:st="on">229 West 43rd St</st1:address></st1:street>.</p> <p ><st1:place w:st="on"><st1:city w:st="on">New York</st1:city>, <st1:state w:st="on">NY</st1:state> <st1:postalcode w:st="on">10036</st1:postalcode></st1:place></p> <br /> <p >To the Editor:</p><p><a href="http://www.mrc.org/correcting-record/dear-ny-times-speaking-ponzi-schemes" target="_blank">read more</a></p> Correcting the Record MRC Business BenStein BernardMadoff DonaldJ.Boudreaux investment investors PonziScheme SocialSecurity Mon, 29 Dec 2008 19:54:09 +0000 admin 30005 at http://www.mrc.org 'Nightly News' Pushes Auto Bailout in Madoff Scandal Coverage http://www.mrc.org/articles/nightly-news-pushes-auto-bailout-madoff-scandal-coverage <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>Even in a story about Wall Street scandal, NBC found time to promote a bailout of the auto industry.</p><p>&nbsp;</p> <p>The Dec. 17 “NBC Nightly News” went out of its way to put the amount of Bernard Madoff’s alleged $50 billion fraudulent Ponzi scheme in perspective for its viewers, by comparing it to the proposed $14 billion auto bailout.</p><p>Even in a story about Wall Street scandal, NBC found time to promote a bailout of the auto industry.</p><p>&nbsp;</p><p><a href="http://www.mrc.org/articles/nightly-news-pushes-auto-bailout-madoff-scandal-coverage" target="_blank">read more</a></p> Articles MRC Business Business AndyKessler AutoBailout BernardMadoff BigThree BrianWilliams CNBC forbes hedgefundmanager hedgefunds NBC NightlyNews PonziScheme SEC TrishRegan Thu, 18 Dec 2008 15:08:01 +0000 admin 25698 at http://www.mrc.org Cramer: Social Security a Bigger Ponzi Scheme than Madoff's http://www.mrc.org/articles/cramer-social-security-bigger-ponzi-scheme-madoffs <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>Love him or hate him, this time Jim Cramer makes a good point.</p><p>&nbsp;</p> <p>While some in the media have expressed fury over allegations that Bernard Madoff ran a Ponzi scheme that may have cost investors up to $50 billion, CNBC’s “Mad Money” host Jim Cramer made another point.</p><p>&nbsp;</p> <p>“To everybody in the press, who’s calling Bernie Madoff’s alleged $50 billion scam the ‘largest Ponzi scheme ever,’ I say give me a break,” Cramer said on his Dec. 17 show.</p><p>Love him or hate him, this time Jim Cramer makes a good point.</p><p>&nbsp;</p><p><a href="http://www.mrc.org/articles/cramer-social-security-bigger-ponzi-scheme-madoffs" target="_blank">read more</a></p> Articles MRC Business Business BernardMadoff CNBC JimCramer MadMoney payrolltax PonziScheme SocialSecurity Thu, 18 Dec 2008 14:21:07 +0000 admin 25699 at http://www.mrc.org Media Forgets That Wall Street Rip Off Artist is BIG Democrat Donor http://www.mrc.org/articles/media-forgets-wall-street-rip-artist-big-democrat-donor <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/warner-todd-huston">Warner Todd Huston</a> </div> </div> </div> <p>The wire services and the rest of the Old Media have also been reporting on a scandal that doesn't have to do with Illinois Governor, Rod Blagojevich. But, like the Blago story line, the media seem to be forgetting one small aspect of the story of Wall Street rip off artist Bernard Madoff. Like Blago, Madoff's connections to the Democrat Party seem to be of <a href="http://newsbusters.org/blogs/warner-todd-huston/2008/12/14/media-forgets-wall-street-rip-artist-big-democrat-donor"></a>little interest to the media. </p><p><a href="http://www.mrc.org/articles/media-forgets-wall-street-rip-artist-big-democrat-donor" target="_blank">read more</a></p> Articles MRC Business Business AP BernardMadoff bloomberg CharlesRangel CharlesSchumer Democrat forbes Gawker Lautenberg NewYorkMagazine propublica RodBlagojevich SIFMA TheNewYorkTimes Time Mon, 15 Dec 2008 18:59:31 +0000 admin 25706 at http://www.mrc.org