estimated investors' losses at about $50 billion

[DimPrawn]

There are a few on this forum.

[AtW]

So you'd be happy to use a bank that advised its customers to invest in a Ponzi scheme?

Show me link saying that it was the bank who advised them to invest? I doubt you will find it, until then your claim is baseless speculation.

My guess is that rich idiots who used the right bank were taken for a ride by 3rd party, in small part the bank itself (17 mln euros) also lost out, however it's a very small loss compared to even RBS, so my original point stands.

[AtW]

Not you mate, you converted your money from imaginary euros too early...

I give you some credit for selling your imaginary villa though

[AtW]

http://www.telegraph.co.uk/finance/n...ged-fraud.html

"Spain's Banco Santander, which owns Abbey and Alliance and Leicester, said its hedge fund unit invested €2.33bn (£2bn) of client funds with Bernard Madoff."

Actually this article shows it a bit in different light - I certainly don't approve of banks running hedge funds using clients money...