MADOFF'S WILLING PARTNERS

My editorial opinion article in the Washington Post, Saturday, December 20, 2008

THERE SEEMS to be little doubt that Bernard Madoff is a cheat.
His apparent Ponzi scheme, in which capital from new investors
would have been used to pay "dividends" to earlier investors,
ultimately cost the participants many billions of dollars. But
was it all Madoff's fault? I contend that the losses would have
been less severe, and might not have occurred at all, if many of
the Madoff's investors had not been cast from the same mold that
Madoff was ... ...

See the full article at:

http://www.washingtonpost.com/wp-dyn/content/article/2008/12/19/AR2008121902977.html