My latest post is up @Going Concern.
Sex. Drugs. They didn’t mention rock and roll but I’m sure those stories will come out too eventually. Bernie and Elton John. Bernie and Mick Jagger. Bernie and Pink.
Scratch Elton John.
If it weren’t bad enough to have so many subprime lawsuits hanging over their head, the Big 4 – well everyone but Deloitte for some very odd reason – also have humongous Madoff lawsuits looming. KPMG was named yesterday in a suit for their audit of Bernie’s London operation. This is no “feeder fund” suit but more like a bottom feeder suit, with lots of nasty allegations and everything but the kitchen sink thrown in for kicks. Actually, plaintiff’s lawyers I know say it’s perhaps “too much” and may be sanctionable…
The rest of the post is here.