Monday, March 19, 2012

Trustee Authority

I read this long New Yorker article when it came out last year.  It's about the New York Mets' owners' involvement with Bernie Madoff.  I remember being struck by the absolute authority of the bankruptcy trustee overseeing the remaining assets of the Madoff ponzi scheme.  I thought about it again with today's $162 million settlement by the owners of the Mets.

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