The Casone Exchange
  • June 29, 2009 02:57 PM EDT by Cheryl Casone

    Best Guess: Madoff Edition

    TOM SULLIVAN: After all these months of scrutiny, we still do not know how he did it, where all the money is located, or even much about him.   My best guess is we will not know for at least 10 years, if ever.

    GREGG JARRETT: That he's still lying... and prosecutors will step up investigations of wife and sons.

    LIZ MACDONALD: $$ lost in the Madoff incinerator has caused historic upheaval at the SEC. Will the mkts now have a cop on the beat? Not that confident in that, but here's what's key--there are 11,300 inv advisers, but only about 10% are examined every 3 yrs by about 400 SEC staffers. That will change.

    BRIAN SULLIVAN: nothing will change.  Zip.  Nada.   History says people are greedy and every 30 years get burned.

    CHERYL CASONE: Nothing will change at the SEC.  They are more concerned about their new initiative from the President (the man who cuts the checks) on financial regulatory reform than with trying to find the next Bernard Madoff.

Bob Hickerson

Cheryl, You and Brian are more correct. Is Liz trying to be the next Criswell? (Criswell was this person that appeared at the beginning and end of Ed Wood movies with interesting predictions, most notably "Plan 9 from Outer Space" which was rated as one of the worst movies of all time.) BobH

June 29, 2009 at 5:04 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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