Markets Bounce Back, But Madoff Won't

The markets just had their best week since last November. On top of that, President Obama's top economics adviser, Lawrence Summers, even suggested Friday that stocks may now be the sale of the century.

In England, financial leaders are laying the groundwork for next month's G-20 meeting in London. But China, America's biggest foreign creditor, is expressing concern about its holdings in U.S. Treasury bonds.

And also this week, Bernie Madoff admitted guilt in his role in the Ponzi scheme that left so many people devastated. But his admission didn't answer everyone's questions — chiefly, was anyone else involved, and where did all that money go?

Host Scott Simon talks to New York Times economics columnist David Leonhardt about the week's economic news.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.