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December 3, 2009

Madoff was a relative piker compared to the perpetrators of Climategate.

neo-neocon quotes an Ace commenter in "Climategate: using the tried and true Madoff approach"

What the CRU is doing is identical to what Bernie Madoff did.

Bernie asserted that his investment scheme was legit.

Bernie didn't share his raw data.

There were skeptics who doubted that Bernie’s investment strategy was legit.

But.... The statements put out by Bernie Madoff's company were "peer reviewed"by a government regulatory agency. So the skeptics were simply kooks who didn't understand investing - despite many of the skeptics having expertise in the area of finances and regulations.

Posted by Vanderleun at December 3, 2009 10:14 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Yea, but from what I understand Madoff paid his taxes.

Posted by: tim at December 3, 2009 1:28 PM

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