The John Batchelor Show

Monday 17 September 2012

Air Date: 
September 17, 2012

(Photo: Bernie Madoff in North Carolina, 2010: " the federal correctional complex in Butner, North Carolina, Bernard L. Madoff was waiting on the evening pill line for his blood-pressure medication when he heard another inmate call his name. Madoff, then 71, author of the most devastating Ponzi scheme in history, was dressed like every other prisoner, in one of his three pairs of standard-issue khakis, his name and inmate number glued over the shirt pocket. Rec time, the best part of a prisoner’s day, was drawing to a close, and Madoff, who liked to walk the gravel track, sometimes with Carmine Persico, the former mob boss, or Jonathan Pollard, the spy, had hurried to the infirmary..."

905P: Diana Henriques The Wizard of Lies, 1 of 4"In The Wizard of Lies, Diana Henriques, who covered the Madoff scandal for the New York Times, offers a riveting history of Mr Madoff’s shady dealings and the shattering consequences of his theft. . . . She offers a raw and surprisingly moving portrait about the toll that Mr Madoff’s deceit took on his family."—The Economist

Artnet is handling the sale of the print, taken in the 1980s by renowned photographer Yousuf Karsh, for an estimated $3,000-5,000. 

920P: Henriques 2 of 4

935P: Henriques 3 of 4

950P: Henriques 4 of 4


While CEO of Washington Mutual in 2007, Killinger earned a total compensation of $14,364,883.[3] In 2008, he took home $25.1 million in compensation. Killinger received a $15.3 million severance payment in September 2008 "as well as a $445,200 lump-sum payment for vacation benefits and a $300,669 'special payment'".[4] In March 2011, Killinger and two other bank officers were sued by the FDIC for "reckless lending"

1005P Kirsten Grind, The Lost Bank 1 of 4 "The Lost Bank is a superbly written, insider account of the collapse of Washington Mutual, among the more surprising downfalls of the financial crisis. It's a story of hubris, ambition and poor judgment that entertains but also is a disturbing coda to the difficult period, providing enduring lessons about how a group of executives who predicted the housing collapse were somehow felled by it."—Gregory Zuckerman, author of The Greatest Trade Ever

1020P: Grind 2 of 4

1035P: Grind 3 of 4

1050P: Grind 4 of 4

1105P: Allan Melzer, Why Capitalism 1 of 2: "Allan Meltzer's Why Capitalism is a thoughtful, historically-based analysis of the roles of government and free markets in a democratic society. Meltzer has thought deeply about the workings of both and has a good sense of which functions each best can be trusted to serve. His analysis of financial regulation in general and of the Dodd-Frank bill in particular is the best I have seen." -- Robert Lucas, University of Chicago, 1995 Nobel laureate in economics

1120P Melzer 2 of 2

1135P: Michael Casey The Unfair Trade 1 of 2: "We’re in a global financial crisis, and Casey has written a truly global book about the winners and losers. The Unfair Trade not only makes an impressive journalistic effort at explaining how a broken international financial system affects ordinary people around the world but Casey also offers a set of policies for building a more balanced system that will restore trustand be better prepared to handle the next crisis.  I learned a lot from this remarkable book." ―Hernando de Soto, author of The Mystery of Capital and chairman of the Institute for Liberty and Democracy in Lima, Peru

1150P: Casey 2 of 2

1205A: Nicholas Wapshott, Keynes and Hayek 1 of 2: “In the fluency of his writing and his ability to make complex financial questions easily comprehensible, Nicholas Wapshott has done economics itself a great service, by opening the subject up to the general reader, as seen through the prism of one of the most important intellectual gladiatorial contests of modern times.” (Andrew Roberts, The Storm of War: A New History of the Second World War )

1220A: Wapshott 2 of 2

1235A: Wapshott 1 of 2

1255A: Wapshott 2 of 2