Wednesday, 19 August 2009

Radha D'Souza Discusses Maoist Violence in India on Al Jazeera's Inside Story

Dr Radha D'Souza appeared on Al Jazeera's Inside Story to discuss the Indian government's crackdown on Maoist violence.

The link can also be found here

Tuesday, 18 August 2009

The Financial Crisis and the Philosophy of Truth

(Thanks to the New Yorker)


Wednesday, 5 August 2009

Madoff-related Feeder Fund -- A Fraud of Comic Proportions

You are all welcome to attend the 27th Session of the Philosophical Foundations of Law and Finance to be held from 6 to 8pm in room 501 (or next door) at 309 Regent Street, London.

We will examine Madoff-related feeder fund fraud complaint, In the Matter of Fairfield Greenwich, complaint filed on April 1, 2009, in the state of Massachusetts. See

Although we should not laugh at the misery of others, there is something of the untidy, rough hewn and risible about very rich managers entrusted with clients' funds who are totally blinded by their own marketing propoganda and unjustifiable fees and who fail at every opportunity to detect the biggest fraud, which happens to be the elephant in the room leaning right up against their noses and bellies. Even if you feel dour, you may find yourself laughing when you read this complaint!

If you have ever felt that investment managers get paid way too much money for being mediocre or ever wondered how bad purported experts in investments could be, then I would encourage you to come. The Fairfield complaint presents lots of howlers and on a serious note, it should give us some sense of proportion of how much more vigilant and Socreatic we should all be.

I am writing a short article on how the Fairfield and SEC v. Chais (June 22, 2009) complaints can be translated into a risk management and compliance checklist for the detection of Ponzi-scheme frauds.

After the readings and discussion, we'll continue at Vapiano's for a bit refreshment.