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Bernard L. Madoff Investment Securities had a trading business and a money management business.
It dates from 1631, when Dutch settlers had a trading post there.
The British had a trading post there in the 17th century, and in 1710 the Fort of Marlborough was built.
Its stock, which trades on the Nasdaq market, had a trading range last year of $15 to $24.18 a share.
"Jamie Dimon is more like this guy than Madoff," Mr. Gere said, referring to the chief executive of JP Morgan Chase, whose company recently had a trading loss of billions of dollars.
When JPMorgan announced on Thursday that it had a trading loss of $2 billion that was expected to grow, some lawmakers and consumer advocates cast it as a case study on the need for stricter Wall Street oversight.
Similar(44)
"All the industrializing countries had this experience — they all had a trade surplus," he said.
The United States had a trade deficit for the first time in the postwar era.
In December the country had a trade surplus of ¥725.9 billion.
In contrast, Mexico had a trade deficit of just over $8 billion in 2002.
China had a trade surplus of $7.6 billion in February and $14.2 billion in January.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com