Why would perfectly intelligent people and institutions cast their fortunes with a person whose plan they don't fully understand and which seems too good to be true?
Bernard Madoff believers and critics have egregious examples elsewhere.
Dennis Miller, a comic, appearing at a forum in November, commented that "any man (Bush) who has the courage to ignore a 20 percent approval rating has my vote" - to thunderous applause!
Perhaps the Madoff mantra was too popular to critically evaluate - even unpatriotic.
Due diligence takes time and transparency.
Trust but verify.
Sunday, January 4, 2009
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