Word: letting
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...Let's not kid ourselves. Bernard Madoff built his $65 billion Ponzi empire at least half on the backs of his feeder funds, like the one charged this week, Fairfield Greenwich Group, with a civil complaint by William F. Galvin, Massachusetts Secretary of State...
...controlling our fates we may have had a shot at changing things: we could have done our own research - the research our fund managers were supposed to be doing for us, right? But, of course, they didn't. Why? The money. It was just too good to let us, the simple-minded investors, foolish enough to think this was all on the up and up, know too much, to raise concern, to cause trouble with perfectly legal, unregistered, multibillion-dollar funds that worked hard to stay under government radar. Legally, they didn't have to say a thing...
...This was as deep as the fiduciary responsibility had to go since, after all, he was in charge of the trades, right? That's what we thought. Let's face it: had this new name, Madoff, been mentioned at this time it was quite likely everyone in Chais' many funds would have yanked their money fast, or a good chunk of it, and where would that have left...
...investigators begin to dig deeper into this next level of Madoff's crime, let's hope our eyes now stay wide open...
...fundamentals, but Radcliffe’s practice appears to be paying off. “In these conditions, you have to say composed and stick to the practice and techniques,” junior Medha Khandelwhal said. “It’s easy to get flustered and let your technique go downhill and let the situation overwhelm you, but we did a good job taking control.” The second varsity eight scored the first victory of the day, topping the Hoyas by 3.9 seconds with a finishing time of 6:37. Both teams were...