We have already heard about JPMorgan’s travails with Bernie Madoff’s Ponzi scheme. A recent report identified JPMorgan as complicit in the Madoff scheme, and potentially liable in a civil lawsuit. According to emails and documents, JPMorgan apparently knew something was amiss with Madoff’s performance figures but never reported the crime to the SEC. Some lawsuits [...]

Diana Henriques snagged the first interview with Bernie Madoff since his arrest in late 2008. And while he maintained that his family knew nothing about his Ponzi scheme, he asserted that banks and hedge funds “had to know.” But during a private two-hour interview in a visitor room here on Tuesday, and in earlier e-mail [...]

I don’t disagree with Adam Levitin at all about the foreclosure crisis and the deliberate backing away from any accountability for the banks. Clearly this accountability crisis is at the forefront of not only our financial meltdown and our economic malaise, but a host of other matters including civil liberties in particular. However, without concluding [...]