Daily News Channel
Madoff says his victims had been ‘greedy’ In his 2nd jailhouse interview, Wall Road scammer Bernard Madoff informed a reporter that his victims were “greedy” and the U.S. federal government is a “Ponzi scheme,” though he insisted that he’s a “good person.” “Everyone was greedy,” said Madoff, based on Ny Magazine. “I just went along. […]
The German government plans to meet Wednesday night to discuss the future of carmaker Opel and weigh bids for the General Motors subsidiary. A spokesman for the German chancellor’s office said he did not expect a final decision on Opel to be made Wednesday. “It’s just to check the offers of the investors, then to see how we can go on,” said the spokesman, who declined to be named
Faced with ubiquitous signs of global economic meltdown, investors sold stocks in force on Tuesday, dragging the broad market indexes down near the lows reached last November. The Standard & Poor’s 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%