Yglesias

Irony Department

Posted on

CREDIT:

I guess they haven’t taken the Madoff Securities website down yet:

The Owner’s Name is on the Door

In an era of faceless organizations owned by other equally faceless organizations, Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner’s name is on the door. Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm’s hallmark.

And, indeed, Madoff did appear to have been harkening back to an earlier era of scams.