The credit crunch has almost certainly left many of us aghast at the wheeler-dealing that goes on. Most of us probably didn't really care; it literally did seem to be a world apart, until the failures, collapses and market exposure started to touch our lives, as savers and as taxpayers.
And then we read about the remarkable case of Bernard Madoff, who ran a billion dollar scam for half a century. Still, Madoff lived in the US and his clientele were investors and celebrities. Or were they? Slowly it emerges that a number of charities had their own money tied up in Madoff's fraudulent activities and Madoff was himself a generous benefactor (with his dodgy money) of various charitable foundations. So presumably young people, somewhere along the line, will suffer from the situation.
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