This is a great visual primer explaining what the heck is going on with the credit crisis:
How Madoff did it? Cake futures.
So by now, everyone knows about Bernie Madoff, the most successful con man in history. His Ponzi 1 scheme has left countless investors bankrupt as he stole about $65 billion dollars. Billion.
So just how in the world Madoff made off with all your money? He’s a child and so are we. Here’s the perfect analogy.