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The Financial Crisis, Madoff Scandal, Bailout, and Black Boxes

Posted by nbk75dq 1136 days ago, popular 1136 days ago (http://simple-trading-system.blogspot.com)
Category: Business | Tags: bailout crisis madoff scandal stocks
This article discusses a New York Times op-ed piece that describes the Madoff Scandal as ultimately caused by Wall Street acceptance of "black box" systems - and how the financial bailout itself is a "black box", with a lack of transparency.
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