As I have told you before(see Charlie Champion on Wall Street) Bernie Madoff, and my x wife’s uncle, gave me my start on Wall Street in the late 1960’s.
I learned to be an O T C trader sitting between Bernie Madoff, and Marty Joel at an old wooden trading desk, with 10 incoming phone lines and maybe 50 dirct lines to other firms and order desks. This was at 39 Broadway , just around the corned from Wall Street.
This was in the days before NASDAQ, and the action was exciting and very active.
I learned a great many lessons which have helped me to think quickly and react with alacrity throughout my life.
I also learned the value of my word and the importance of integrity .
The revalation last fall that one of my teachers had fallen so far and perverted his repuation so deeply is a source of shame and embarassment to all good people everywhere.
Greed is an easy lure to the Dark Side, and Bernie surely is on his way to his just rewards in this life and beyond.
Sorry day , in a sorry week, in a sorry month of what promises to be a VERY sorry year.