Picower....dead!!!

[spinn]

this guy made $7.2 billions from madoff in the scam.

will he be missed?

http://online.wsj.com/article/SB125650595881806789.html?mod=WSJ_hpp_MIDDLTopStories

 

[tmarket]

Quote from spinn:

this guy made $7.2 billions from madoff in the scam.

will he be missed?

http://online.wsj.com/article/SB125650595881806789.html?mod=WSJ_hpp_MIDDLTopStories

All the signs of a mob hit.

The billions Picower made from Madoff are no where to be found. Picower was getting 100% returns while the rest of Madoff's clients were getting 12%. Either Picower had the goods on Madoff or the mob was pressuring Madoff to get that kind of return.

 

[drsteph]

Wow.

 

[ipatent]

Just a minor liquidity problem.

 

[MandelbrotSet]

when you dance with the devil ...

 

[CET]

Quote from ipatent:

Just a minor liquidity problem.

It was a cash flow problem. He had plenty of liquidity in the pool. :eek: