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Blog Archive

Sunday, December 28

Madoff still alive, but that French Guy is Not

Madoff is still alive but the French guy, Rene-Thierry Magon de la Villehuchet is not. Another comment of interest is that the Madoff firm functioned as a banker for governments such as the state of Israel. In terms of the real estate collapse, victims include the Blumenthal Associates, and their project of the East River Plaza, in East Harlem. Also hit were their partners, Forest Ratner. So this is going to be a huge hit of real estate, both commercial and in places like the Bronx as well. It really is time for the Homeowner and Bank Protection Act.

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