Do you think banks and hedge funds were complicit in Madoff's ponzi scheme?

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Do you think banks and hedge funds were complicit in Madoff's ponzi scheme?

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Yes, they must have known it was a ponzi scheme yet continued doing business with him

20%

No, I doubt they really knew about the full extent of Madoff’s fraudulent operations

70%

Undecided, see comment

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Poll Analysis

Yes, they must h...
No, I doubt they...
Undecided, see...

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In a recent interview, Bernie Madoff let out a statement that banks and hedge funds knew what he was doing but continued doing business with him anyway in order to make billions of dollars. He further said that these banks and hedge funds failed to scrutinize the discrepancies between his regulatory filings and other information.

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Photo: Yahoo News / Associated Press

http://news.yahoo.com/s/ap/20110228/ap_on_re_us/us_madoff_scandal;_ylt=Al7nlD8t6RtoXWyNM4Tk0bbCw5R4;_ylu=X3oDMTM1NzFkdDI4BGFzc2V0A2FwLzIwMTEwMjI4L3VzX21hZG9mZl9zY2FuZGFsBGNjb2RlA21wX2VjXzhfMTAEY3BvcwM2BHBvcwM2BHNlYwN5bl90b3Bfc3RvcmllcwRzbGsDbWFkb2ZmdXNnb3