All Blog Posts from Econwatch

Attention Mets fans: Feeling down after watching a Yankees-Phillies World Series? Need a little boost to get through a long offseason? How does owning Bernard Madoff's tattered but shiny plush Mets jacket sound? With "Madoff" sewn on the back, it's sure to be a hit from Wall Street to Citi Field.

The jacket is one of more than 100 seized items once belonging to the famous Ponzi schemer and his wife Ruth Madoff set to be auctioned to the public Saturday in New York. Other items include Madoff's Rolex watch, Mrs. Madoff's jewelry and furs, and a decoy duck.

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Russian President Dmitry Medvedev on Wednesday compared Russia's economic woes to those of the United States – albeit on a smaller scale – and while (presumably) trying to avoid lecturing U.S. policymakers, Medvedev did offer some stark contrasts to the way the U.S. has handled the current economic crisis.

Medvedev appeared on CNBC's "Closing Bell With Maria Bartiromo."

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There was another hint today that Bernard Madoff may not be the only perpetrator (or even the only Madoff) to be charged in connection with the $65 billion Ponzi scheme that sent him to prison.

According to Reuters, a Connecticut judge has issued a temporary restraining order freezing the assets of Madoff's wife, brother and sons, and other executives who worked in the Madoff firm.

Madoff said that he acted alone and so far only one other person (a Madoff accountant) has been charged in connection with the fraud. But prosecutors have confirmed to CBS News that Madoff relatives and associates are under investigation.

The restraining order comes in response to a lawsuit filed by the city of Fairfield, Conn.'s pension fund and is in effect until April 13. Madoff's brother Peter Madoff already agreed to have some of his assets frozen in December, according to his lawyer.