However, my sig other lost lots of his investment money.  He was smarter than most and had a good percentage of his money in places that weren’t affected, but he is constantly angry now about this type of thing.  I get to shake my head at this stuff for myself, worry for my children, but I don’t take it as personally because I never invested in it.  I guess it was my heritage.  I can’t see my father ever investing because he didn’t believe in making money off money.  He believed in earning money off his hard work or off what he produced.

But to sweep this sort of thing under the rug is wrong, wrong, wrong.  You said it: ” I call bulls&%t on that.”

I took that directly from the NY Times article. I should have corrected them.

Either way, the London operation was widely regarded as a front for Madoff to launder money.

The key point there is that it had a 2 million pound profit. That is next to nothing for an operation with 28 people, including 14 traders. With 14 traders generating 2 million pounds they each would have generated 150k pounds. That is a joke.

I should have highlighted this point. Thanks for asking.