Purpose: To talk about what old broards talk about.
Tuesday, March 10
Madoff
Madoff is supposed to be pleading guilty this week, and prosecutors say he faces 150 years in prison. Really. Really! What do you think? He needs to spend the rest of his life in prison and paid back the millions he stole, but I don't think he will.
There is a great article in this month's Vanity Fair about Madoff. What a tool.
He should be forced to pay back what he stole plus spend the rest of his life not in the jail but under it. However, I suspect that he'll be cutting a deal with the Feds whereby he's supposed to lead them to the monies he socked away in exchange for a lesser jail term.
If it's been you or me, we'd be in jail so fast it's make our heads spin. I also blame the SEC for this mess-could have been cleared up 10 years ago.
This Madoff thing seems a microcosm of our entire economic fiasco. Too much money slopped into too many hands, attemping to be parlayed into too grand dividends. With too little public oversight and no private forsight. And still people wring their hands because the old status quo is not just around the corner and they can't stomach the fact that serious changes are long overdue.
3 comments:
he surely does need to pay it all back. it is somewhere.
There is a great article in this month's Vanity Fair about Madoff. What a tool.
He should be forced to pay back what he stole plus spend the rest of his life not in the jail but under it. However, I suspect that he'll be cutting a deal with the Feds whereby he's supposed to lead them to the monies he socked away in exchange for a lesser jail term.
If it's been you or me, we'd be in jail so fast it's make our heads spin. I also blame the SEC for this mess-could have been cleared up 10 years ago.
This Madoff thing seems a microcosm of our entire economic fiasco. Too much money slopped into too many hands, attemping to be parlayed into too grand dividends. With too little public oversight and no private forsight. And still people wring their hands because the old status quo is not just around the corner and they can't stomach the fact that serious changes are long overdue.
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