It seems to me that if you are running a multi-billion dollar Ponzi scheme you probably need more than just two people to pull it off. So far, the only people that I see being blamed are Bernie and one of his accountants.
Really? Just these two guys bilked all of these folks out of their money and no one else in his firm knew anything about it? If this is true, then Bernie should get a gold star for employing such a large number of stupid people. The stock market is nose diving yet no one else realizes that there is no cash flow other than that coming from investors?
And what the hell were they investing in? Did Bernie send out all of the marketing literature and file the mountain of paperwork that goes with running an investment firm? Or, just maybe, a bunch more people were in on the deal and hope to God that federal regulators are as stupid as the investors were.
And what about Mrs. Madoff? The poor woman is likely to be left with only 2.5 million dollars from the Madoff estate. How in the heck is she supposed to survive on this? If she lives to be 100, she will have to get by on about $100,000 a year. Poor thing. She goes from caviar to cat food.
I am glad that those that were cheated are all excited that Bernie is going to jail for the rest of his life. However, I would think they would be more interested in ALL of the perpetrators being put behind bars. Of course, no real need to do that now that the head of the snake has been cut off.
It is this lack of “digging” that bugs me about our legal and legislative systems. Remember when all of the politicians running last year were going to get to the bottom of oil price gouging? Whatever came of that? Is Barry hot on the trail of Shell or is everybody fat dumb and happy again?
And whither the great T. Boone Pickens? Remember how he was running those commercials extolling the virtues of alternative energy and how he was going to get the US off of oil? What happened there? Did he kick when I wasn’t looking?
I can’t understand why the American people so readily accept being fleeced on a regular basis. Even when the crooks are caught, just one or two at the top are sacrificed but all of the rest of the scum is left in the barrel…ready for the next opportunity to rip people off.
Barry, didn’t you promise to fix this? What are you waiting for? Give T. Boone a call and see what he’s up to these days.