Supreme Court Deals Hank Greenberg, Madoff & Stanford Ponzi Victims SetbacksMark Melin
The US Supreme today put a nail in Hank Greenberg’s crusade to hold the Federal Reserve Bank of New York responsible for unlawfully bailing out the insurer while engineering a “backdoor” bailout for Goldman Sachs Group Inc (NYSE:GS), as he alleged. The high court also ruled against investors trying to recoup their lost money in the Bernie Madoff and Allen Stanford ponzi schemes.
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