BernardMadoff

The media's depiction of the current economic crisis has largely focused on either troubled homeowners or failing investment companies. Over the past couple of months, however, another big loser has emerged: educational institutions. For example, five Wisconsin school districts recently announced...

At the end of the movie Kingpin, Bill Murray's character, Ernie "Big Ern" McCracken wins a million dollars. Talking to a reporter, he crows "I've finally got enough money that I can buy my way out of anything [...] finally, Big Ern is above the law!" Kingpin is a comedy, and the line is obviously...

The Securities and Exchange Commission is charged with protecting investors, investigating allegations of wrongdoing on Wall Street, and generally policing public companies. Yet recent failures lead investors to question how effective the SEC is. It is being reported that the SEC had several...