International financial court needed for baddies like Madoff?


If lawyers helped get us into this mess by ignoring warnings at the SEC that Bernie Madoff was a fraud, can we use a coalition of lawyers to get us out of it?

That's the idea being put forth by the Madoff Case Global Alliance of Law Firms -- an alliance of 45 law firms, and counting, representing over 10,000 investors in Madoff-related civil cases. Gaytri Kachroo, the lawyer for Madoff whistle blower Harry Markopolos, is spearheading the coalition and heads to Washington to meet with Barney Frank's office and lobby for the creation of an international financial court.