December 12, 2008
Hedge fund manager Bernard L. Madoff is in a world of trouble. Madoff now stands accused of pulling investors into a Ponzi scheme — think borrow from Peter to pay Paul, borrow from Ann to pay Peter, etc.
Meanwhile, Madoff's clients are in a world of pain.Total losses could reach $50 billion. The accounting has begun.
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The bankruptcy of a small U.S. pension fund could have implications for other struggling funds.
A behind-the-scenes tour of the factory where paper for U.S. currency has been made since 1879.
"It's an un-obvious chunk of meat that has been sitting there..."
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