{"id":9605,"date":"2009-01-12T00:00:00","date_gmt":"2009-01-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"viewpoint-madoff-scandal-makes-case-against-regulation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/viewpoint-madoff-scandal-makes-case-against-regulation.html","title":{"rendered":"Viewpoint: Madoff scandal makes case against regulation"},"content":{"rendered":"<p>Baltimore Sun &#8211; If there is anything we have learned from the crisis in the financial sector, it&#8217;s the urgent need for more regulation. Had federal regulators been more vigilant or wielded greater powers, all this suffering and heartache might have been averted. That&#8217;s the story we&#8217;ve been told, and it must bring a rare smile to the face of Bernard Madoff.<\/p>\n<p>Mr. Madoff was the manager of a Wall Street investment fund that he allegedly confessed to his sons was &quot;one big lie&quot; and &quot;a giant Ponzi scheme.&quot; But &quot;giant&quot; fails to capture the scale of his fraud, which may have lost $50 billion, more than the entire gross domestic product of most of the countries on Earth.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.baltimoresun.com\/news\/opinion\/oped\/bal-op.viewpoint12jan12,0,6271121.story\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Baltimore Sun &#8211; If there is anything we have learned from the crisis in the financial sector, it&#8217;s the urgent need for more regulation. Had federal regulators been more vigilant or wielded greater powers, all this suffering and heartache might [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1689,4331,4396,5533,1837,797,5530,465,4248,45,5531,5532,4464,5529],"class_list":["post-9605","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-baltimore-sun","tag-bernard-madoff","tag-big-lie","tag-earth","tag-financial-sector","tag-fraud","tag-gross-domestic-product","tag-investment-fund","tag-ponzi-scheme","tag-regulators","tag-smile","tag-suffering","tag-wall-street","tag-wall-street-investment"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9605"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9605\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}