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Money managers under the microscope

from DealZone:

Spitzer: S.E.C. still asleep at the switch

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Former New York Governor at a September 2009 conference

Former New York Governor Eliot Spitzer at a September 2009 conference

Seems like old times. 

Eliot Spitzer, who rose to national prominence in 2002 when he forced a sleepy S.E.C. to crack down on conflicted analyst research,  is none too pleased to hear that his old rivals recently joined 12 Wall Street banks in seeking to knock big holes in that wall.

Asked for his thoughts on this Wall Street Journal article that broke the news, this is what he had to tell Reuters in an exclusive interview:

And if it were a W?

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The Dow Jones Industrial Average has recouped more than 50 percent of the losses from the October 2007 peak and the March 2009 bottom.

 

It’s been a remarkable rally, and the cheerleaders of the world’s major economies say it indicates a return of confidence to markets.

Madoff with the cash

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With such huge amounts of money involved and after so much media scrutiny, it was surely only a matter of time.

rtxcojlAccording to the New York Times, a film on Madoff’s life and times is already in the works.

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