Madoff Scandal, A Scandal of the Century (Was it because it was discovered in the midst of a crisis?)
The Madoff scandal is really an astonishing news. Perhaps the current financial crisis contributed to the immense attention given to the scandal by the media. As the Ponzi scheme has been exposed just now – while it has been allegedly running since 1999 – in the midst of a crippling financial crisis, it is really expected that the media hype brought by the scandal will be huge. With banks teetering on collapse and other industries also on the brink of falling down, such a news will surely grab the media’s, and the people’s, attention. But what if there is no financial crisis, will the Ponzi scheme be exposed? Will the media attention on the issue be as intense as it is right now? And most importantly, will the government act right away? These questions just popped out of my mind as I got curious on the Madoff scandal’s level of exposure in the media right now.
Posted by Jones on January 12th, 2009 :: Filed under SIMPLY SCANDALOUS
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