Banking on Bernie: Street Now Trading Claims Against Madoff

Leave it to Wall Street to find a way to make money from the misery of investors ripped off by Ponzi swindler Bernie Madoff. A number of big firms, including Deutsche Bank DB, are trading the legal “claims” that ripped-off investors have against Madoff, offering pennies on the dollar for them and betting they can flip the claim later at a higher price, FOX Business Network has learned. Read the rest here.