While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations, at any cost.
Bernard Madoff • Explaining why he created his Ponzi scheme during a courtroom monologue while pleading guilty. According to him, he wanted to keep giving out continually good rates of return because he wanted his investors to love him. (No word on how he felt about his penthouse.) • source
What did Apple know beforehand? Investors are understandably wondering about what the company knew about Steve Jobs’ health before he took a leave of absence last week. So now the feds are looking into it, just to see if they did anything sketchy about announcing it. Jobs is a cancer survivor and is dealing with a hormonal imbalance that has made him lose a significant amount of weight. source