The Madoff fraud of $65 BILLION has been punished with a suitably large sentence which will hopefully bring some small comfort to the victims. However, I'm mystified as to why people would put their life savings in one place - surely Bernard Madoff was only exploiting the greed of his victims - there must have been safer places for their money (albeit with smaller returns, but a return nevertheless!) The other thing I've learned is that his fraud has a name - a Ponzi Scheme. Surely, if the authorities know about these schemes, why aren't they prohibited and policed?
Your Tuesday teasers are: -
- What was the maiden name of singer and "X-Factor" judge Cheryl Cole (right) who was born today in 1983?
- Which UK airport was attacked by terrorists in a Jeep Cherokee today in 2007?
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The purpose of this Meme is to encourage
Networking between bloggers to have fun while doing it!
Make sure to visit all the other participants and leave comments.