Alex Massie Alex Massie

The Lessons of Madoff

Actually, as Megan explains, the lesson of Bernie Madoff’s scam is that there really aren’t any lessons that can be drawn. As she puts it, “Everyone just screwed up”. That leaves us in the unsatisfying position of having no-one, apart from the remarkable Mr Madoff, of course, to blame. Sometimes stuff really does just happen and there aren’t any deep and meaningful lessons to learn or “underlying” or “contributory” villains to blame.

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