by Deb Cupples | Media folks and even seasoned Wall Street players can be sooo gullible. They see a guy raking in millions and they swoon, like he's the investment equivalent of Christ's second coming.
During this very decade, they went ga-ga over all things Enron and even over Telecom stock analyst Jack Grubman -- back before Enron and WorldCom declared bankruptcy, that is.
Thursday, securities firm owner Bernard Madoff -- a former chairman of NASDAQ -- was arrested on charges related to a $50 billion ponzi scheme (see the SEC complaint here). The New York Times reports: