Supreme Court Deals Hank Greenberg, Madoff & Stanford Ponzi Victims Setbacks

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. Details of Hank Greenberg’s court case In the Hank Greenberg case, the court left stand a a 2nd U.S. Circuit Court of Appeals decision from January that upheld the New York Fed’s authority to address major threats…