Yogi Berra Was Right

The hard hitting SEC has now covered itself in yet more glory by entering into a settlement with Bernie Madoff whereby the great man will eventually pay a fine and agree to reimburse his dupes sometime in the future.

Naturally, according to Bernie nothing is now left. Yet, Ming remains convinced the smiling Bernie's next move is to raise money which he promises to invest and then donate his management fees on the profits and his commissions as the basis for repayment. Surely the astute Bernie will promise a generous guaranteed return of no less than 12%.

Eager investors are doubtlessly lining up outside his penthouse even as this is being written. It's deja vu all over again.