Lessons from the Madoff and Blagojevich scandals

On the recent political and economic scandals: At Ideoblog¬†Larry Ribstein discusses why the SEC did not catch onto Bernie Madoff’s investment fraud scheme. And Tom Kirkendall at Houston’s Clear Thinkers ponders the responsibility of the investors who were defrauded. Finally, Risky Business‘s Matt Bandyk explains why neither Madoff nor Illinois Governor Rod Blagojevich, who is accused of attempting to sell the senate seat left vacant after Senator Obama’s presidential election victory, are “entrepreneurs.”

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