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Snakes in Suits: When Psychopaths Go to Work

We all work and live with other people.  But do we really understand other minds, other personalities, other people?  It seems not.The people who trusted Bernie Madoff lost billions of dollars.  How could he have done such a thing, they ask themselves.  He was so charming.  Many even rationalize Madoff's conduct.Some are theorizing that Madoff didn't initially intend to cheat anyone.  Wall Street writer Henry Blodget speculates:Our guess is that like that of many once-revered figures, Bernie did not set out to swindle anyone.  In the beginning, he probably produced the returns he said he produced.  Then, somewhere along the line, he probably had a bad month or two that he thought he could quickly offset with a strong one. So he fudged the results and then got back to even...continue to full post

Full post as published by Crime & Federalism on December 21, 2008 (boomark / email).