For general discussion and debate. Possible talking point: Investors caught in Madoff scam to be bailed out!
[A] federal judge on Monday threw a lifesaver to investors who may have been duped, saying they need the protection of a special government reserve fund set up to help investors at failed brokerage firms. U.S. District Judge Louis L. Stanton ordered that clients of Madoff's private investment business seek relief under a federal statute created to rescue cheated investors...Stanton signed the order after the Securities Investor Protection Corporation asked that steps be taken to protect investors in the scheme, which has ensnared several major banks and prominent figures as victims and could result in as much as $50 billion in losses.
As most of the people conned by Madoff are either rich or mega-rich, doesn't this amount to just another government bailout, or do you see it differently?
