LAURA GOLDMAN: Is Sir Allen Stanford the New Bernie Madoff?

While the MSM is castigating the SEC and FINRA, they should also be casting blame on themselves. Since Forbes knew enough to place Stanford number 205 on their list of richest 400 Americans, they should have been able to discern how he was making his fortune.

Besides the depositors in Stanford’s Antigua bank, Beau Biden, the vice president’s other son, might be a big loser. Is the questionable business deal between the Biden family and Stanford enough to derail his presumptive bid to follow his father into the Senate?

We’ll see.