When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
Federal agents have arrested Bernard L. Madoff, a top Wall Street trader and ex-CEO of of Nasdaq for securities fraud. According to the criminal charges, Madoff is alleged to have defrauded investors of $50 billion in what he confessed to authorities was a "massive Ponzi scheme."
The 70-year-old Madoff faces 20 years in prison and a $5 million fine if convicted. He was released on a $10 million bond.
From the NY Times:
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