The recent news that New York Mets’owners Fred Wilpon and Saul Katz usedBernie Madoff as their banker du jour is funny and sad at the same time.
To be frank, I have never liked the Mets, particularly after the 1986 World Series when they beat my beloved Red Sox, but putting that aside for the moment, how is it possible that two very shrewd real estate investors could have put so much money and faith in the swindler of all swindlers?
I just don’t get it. I mean, really, are people just that gullible or ignorant?
I guess the answer, unfortunately, is “You betcha.”
Read the story here.