JP Morgan acknowledged that it withdrew its own investments from two hedge funds that invested with Bernard Madoff just months before the massive fraud came to light. Investors are angry over the disclosure and want to know why JP Morgan, which says it withdrew over transparency concerns, protected its money but not that of investors whom it had steered towards the funds. (New York Times)
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=146557