feeling their pain. this is the biggest point drop that has ever been seen. we are in the midst of a serious financial crisis and the federal government is responding with decisive action. these guys have been gambling with the house money for years and it s our job to bail them out? the largest swindle in wall street history, and alleged 50 if you million dollar ponzi scheme by bernard madoff. you belong in jail, you criminal! the pardon is over. if there was any company that could make energy cool, it was enron. the texas energy broker treated electricity like any other commodity. it buys and sells billions of dollars worth of energy, every day. it s the largest company of its kind in the world. enron is a company that deals with everyone with absolute integrity. we play by all the rules and stand by our work. we mean what we say . ken lay was the original ceo, he ran enron when the company was created out of the merger of two pipeline companies. he seem
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Collapsed. desperate investors and their lawyers scrambled to madoff s east side offices friday looking for their money. they were turned away in the lobby. there has never been a ponzi scheme on the scale of madoff ever. we re talking thousands of people who thought that they had millions of dollars socked away for retirement, suddenly found out it was gone. rose and jack lass say they invested every penny of their savings with madoff. we started to sell our furniture, some of our things that we value, so that we should have some money immediately. then there s 91-year-old ian thiermann. he had to take a job at a grocery store after losing $700,000 to madoff. the human suffering that madoff caused, i don t think we can ever fully grasp. homes had to be sold, college educations truncated. people had to come out of retirement, go to work at whatever job they could get. and for those people, the madoff fraud is never going to be over. what may very well be the final steps o
Can ever fully grasp. homes had to be sold. college educations truncated, people had to come out of retirement, go to work at whatever job they could get. and for those people, the madoff fraud is never going to be over. what may very well be the final steps of freedom for perhaps the most despised man in america, bernie madoff entered a federal court in manhattan today and pleaded guilty to the greatest investor fraud in u.s. history. i think the connection between bernie madoff and the financial crisis was one fundamentally by trust. it was about a loss of trust in the system, about a loss of trust in people that you thought were worthy. we all trusted the free enterprise system. we trusted these deregulated markets to foster our prosperity. all of america felt that they had been betrayed by wall street. the stock market just can t seem to find a bottom.
Madoff caused, i don t think we can ever fully grasp. homes had to be sold. college educations truncated. people had to come out of retirement. go to work at whatever job they could get. and, for those people, the madoff fraud is never going to be over. what may very well be the final steps of freedom for perhaps the most despised man in america. bernie madoff entered federal court in manhattan today pleaded guilty to greatest investor fraud in u.s. history. i think the connection, between bernie madoff and financial crisis was one fundamentally about truchlts st. a loss of trust inlt cy the sys. a loss of trust in people you thought were worthy. we all trusted the free enterprise system. we trusted these deregulated markets to foster our prosperity. all of america felt that they had been betrayed by wall