Bernie Madoff hauled off to jail: Getcher tomatoes right here
Bernie Madoff got hauled off to jail today for the rest of his life:
The disgraced financier Bernard L. Madoff was immediately handcuffed and led off to jail on Thursday after a hearing in which he pleaded guilty to running a vast Ponzi scheme that bilked investors out of billions of dollars.
Rather than letting Mr. Madoff remain free on bail and return to his apartment on the Upper East Side of Manhattan, Judge Denny Chin of Federal District Court ordered Mr. Madoff remanded as he awaited sentencing.
I think John Cole has it right:
[I]sn’t the more important aspect of the Madoff case the number of people involved in the conspiracy? This wasn’t just one guy. There were all the pople in his office, all the people he did business with, all the bankers who held the funds and got their cut for every transaction, the accountants who didn’t notice anything. When does that get discussed and investigated.
Or do we send Madoff off to jail, pay out the victims though the government insurance fund (my bad, SIPC is not government), and just pretend it was one guy who did all this?
Do not pass, GO! See ya! I wouldn't want to be ya!
Watch it. Jesus watch it.
Meanwhile, the big crooks exit through the door.
I mean, I've heard he bilked investors out of billions, but I've never heard how.
And why now?
And when have you ever seen a white-collar crime prosecuted with such haste?
I think you're right: Bernie's making a nice big distraction by stealing a purse in front of the bank while the others walk off with the safe.
?
Of the trillions that have been lost?
Why is Bernie the single face being paraded before the world?
A bad guy, certainly, but the ONLY bad guy?
but a guy who ran a scam of $65 billion is pretty f*cking far from being a simple scape goat, don't you think?
His was the biggest ponzi ever… prosecuted.
I would not be surprised to learn however, though we likely never will, that they got him to go down so quickly and without admitting, or even charging conspiracy, with an offer he found difficult to refuse.
The Fat Cats know the angst is rising on both ends of the political spectrum.
It looks good for them that one of the big crooks went down.
When will they do meticulous audits of the big banks, top to bottom.
Shake out some serious fraud.
When they do that in a credible fashion I will think there is real progress.
Geithner paid off synthetic CDOs connected to AIG at full value rather than the 47¢ on the dollar it is now said they were worth. Lots of room for fraud in those instruments. Those are the ones we know something about.
statusquObama, change you can only pretend in
peanuts compared to what the rumpelstiltskin family's been bilking from humankind.
Now we're all supposed to be satisfied, take our pitchforks and torches home and rest easy. Never mind all the other crooks who are still free and will never be investigated, i.e. every CEO of every major bank that is now receiving taxpayer welfare. Every manager of every crooked fund, market manipulators, the SEC officials who looked the other way for so many years while this was all going on, and of course every criminal from the Bush administration who enabled this behavior.
No I'm not satisfied yet.
I'm not either. There are many more to go.
bilked by Bernie were rich, very rich, or obscenely rich. Bernie deserves every year in prison and more, but it's the people who are stealing our trillions with the help of Congress and Obama that I'd like to see in the dock.
while most of the ponzi schemes started long before bush took office...they really got going during the past 8 years as all oversight was removed
bernie is just the first
and they need one of these guys to roll over and fink on the regulators...who will then fink on their bosses...who will then fink on bush and cheney
they all need to go to prison
confiscated like he was some weed smoker. Why is he any different? OH, I forgot. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ That's why.
that pisses me off!
Good riddance.
and don't drop the soap!
it will be till he dies of a heart attack, a casket is stuffed with a wax replica, and he's sunning on the beach with an umbrella drink in some secret government "facility" with Ken Lay?
http://www.sculpturedealer.com/id29.htm
http://www.pbase.com/lowthian/image/82531615
He was something but he was not the biggest fish in the tank.
They are still swimming and they are getting tons of money at our behest.
statusquObama, change you can only pretend in
...compared to how big this actually is.
i'm not even sure enough paddy wagons have been rolled off the assembly line to haul all these @$$holes off to the slammer...
to know!
who doesn't want to know? who are the 2 or 3 people?
will life in a cardboard box at least pique their interest over who the money masters are that put them there?
but I've met people who haven't even heard of Bernie Madoff.
Duhhhhh
hard to believe there are still so many who care so little that their country is crumbling before their very eyes.
nah froggy thier to busy with thier comic acts for the in crowd!
arrrrrrk
Or do we send Madoff off to jail, pay out the victims though the government insurance fund (my bad, SIPC is not government), and just pretend it was one guy who did all this?
Isn't that the way it's always done?
There's always free cheddar in the mousetrap, baby. - Tom Waits
Live long and have a terrible time. Stick at least another 29 years on your 71.
me-oww!
Let them all dream of screwing Ayn Rand for the next 40 years.
Here's looking at you, Alyn Greenspand.
and she hasn't been arrested? Outrageous! She's just as guilty as he is.
as well as his ass!
It seems to me like many, many people would have been involved in that whole rip-off too.
some bodybuilders wife now in whatever pen he's in.
Only people caught with pot are some bodybuilder's wife in a pen, don't you know.
http://www.nydailynews.com/money/2009/03/12/2...
I get claustophobic just looking at the picture!!!
I'd be pacing around that thing like a tiger at the zoo!!
What a shame he won't have any Valium to take the stress off a tad. (Kidding)
Just waiting for his "fatal heart attack" to come so he can join his bud Ken Lay in the Cayman Islands. (Snarkity snark snark).
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
so we can track his @$$ down, like simon wiesenthal would have us do?
cool. i've always wanted a tropical vacation.
The Abramoff investigation is still ongoing and a lot of people think it is directly tied in with the fall of Madoff and many others in the web of corruption and lies involving our government and "lack of oversight."
http://www.dailykos.com/storyonly/2009/1/2/08...
shiieeeeeet that looks like a motel 6 bunk compared to the shitty bunk i slept in for four years , flucking a john!
Everybody enjoy this. This is the only face that will be punished in the theft of trillions. Sad, sad reality. Bernie's big mistake was he ripped off some rich people. How dare he.
http://www.thebandarlog.com/imgs/gwmadoff.jpg
reincarnated as Madoff. In metaphysics they say you basically retain your form throughout carious incarnations.
move along, nothing to see here!
Since he pleaded guilty, there is no trial to find where the ducats are and his little band of filchers are doing now. All he has to do is once in a while give up some money or someone and he can have all the lobster he wants on Fridays.
didn't mention that the government, our government, is supposed to be overseeing people like Madoff.
They didn't protect us.
The corruption and incompetence goes right to the top.
Who are the Congressmen that sponsored Madoff? This crook had backing from Capital Hill and the Feds are hushing this up.
A mum seventy year old bagman is jailed, treated to a medium security prison, feints illness and is released to his well heeled family. Watch how this unfolds as we foot the bill.
Frank Zappa - Make A Jazz Noise Here
This has all the stink of the mob. It's bigger than Bernie. Payoffs, payouts and more. Spread the web and you'll catch all the bugs and roaches that ripped people off. This isn't business, it's lying, cheating, stealing...a con-game, the largest in history. And the one's doing it are blaming the "stupid phucks" that gave them the money. Don't let 'em go. Snag 'em. We got time. Hire more "good" cops and get the bad ones outta-there! Catch 'em. It's tax evasion and that's unAmerican.
Elliot Ness
And there is no way I believe he is going to be sitting in that tiny jail cell they are showing on all of the news channels.
We will never have any way of knowing whether he is there or not.
I highly doubt it.
Seriously though, you'd have to be a super genius to do something like this by yourself. If you were a super genius you wouldn't have got caught. Who's being protected and why?
is intended to be a factual statement
Was it "Bye Bye Bernie"?
Oh well. Here's the template for the next vid.
http://www.youtube.com/watch?v=2wKoVAQkGLc&fe...
The people of privilege will always risk their complete destruction rather than surrender any material part of their advantage." J.K. Galbraith
Eleven-
One more and he’d be a disciple,
One less and he’d be Moses,
As it stands, death will find him there.
Make no motto of love that worships war
when yah ever going to learn? you aint as smart as yah think yah are ,they had you by the short hairs for more then 8 years , they stole your government your tax dollars your friends lives , madoffs probably either gonna die in jail be cremated and he he he his ashes sent to some nice country with no extradition treaty with the us, and reapear pimping in the best little whorehouse in...............
They caught a crook and locked him up. Good.
But what about the over-lords that allowed it?
After Enron...
The SEC wouldn't even look at it.
This is the real problem. The real threat to our
life as we have known it.
These people worship Ayn Rand who characterizes working people as less than human and then accuse us of "CLASS WARFARE". It IS INSANE.
This guy is protecting someone. Or, more than one. It wouldn't surprise me to find out that someone has threatened his family if he speaks out.
Dollars to donuts, this guy ends up dead very soon. Just to shut him up.
He knows too much.
That's why he's pleading guilty. He has too. They want this brushed under the rug as fast as possible. Think about it.
What is your conceptual, continuity?
The only thing that would top this would be if Bush got arrested in Canada. Bernard Madoff's arrogance is typical of the super rich in this country. Now he'll become somebody's bitch, a fitting end to the disgusting hubris of stinking rich assholes everywhere.
Politics is for the present, but an equation is for eternity. Albert Einstein
Bernies made his peace with God, cuz he's gonna see him soon. No one in their right mind believes this was pulled off by one man. He is just the most convienient scapegoat at the moment. Far too many secrets can be revealed with a messy trial, and we wouldnt want that now would we. Madoff might be big but he's small fry compared to the real sharks out there. They can have an entire stadium full of people dissapear, and never leave a trace. The best Bernie can count on is a painless end made to look like a heart attack, with his co-conspiritors giving him a lavish funereal with the 65 bn 'missing' money
bush and cheney were hand-cuffed to him
"Even if they never got anything for it, it was cheap at that price. Without malice aforethought I had given them the best show that was ever staged in their territory since the landing of the Pilgrims! It was easily worth fifteen million bucks to watch me put the thing over."
-Charles Ponzi
I think Ponzi was busted in 1910 and very proud of it. I don't see how "Ponzi scheme" equates with "Scapegoat". I don't think anyone ever felt worry for Charles Ponzi and I don't feel sorry for Bernie Madoff. He's an arrogant prick.
____________________________________________________________________
Scapegoat:
–noun 1. a person or group made to bear the blame for others or to suffer in their place.
2. Chiefly Biblical. a goat let loose in the wilderness on Yom Kippur after the high priest symbolically laid the sins of the people on its head. Lev. 16:8,10,26.
"this wasn't one guy" Hope they keep digging
I cannot understand why so many are venting out their anger and spite against Madoff . He had not robbed any minimum wage earners. Who are the people whose pockets Madoff (and Stanford) had picked? According to the federal prosecutors themselves, there were only around 4000 client accounts with Madoff’s so-called hedge fund which, in fact, turned to be a vanilla-flavor Ponzi scheme. This is a miniscule number compared to the 134.4 million Income Tax Returns filed with IRS, in 2005 (the year for which I could get the figure readily.)
Of course, it is a big personal tragedy for a few individual investors who have lost all of a few millions of their savings and also some charities and pension funds who have lost a sizeable portion of their corpus in this scam. But, even these losers deserve little sympathy for their imbecile and unrealistic expectation of earning 30-40 per cent returns on their investments year on year without a break. However, the majority of the victims seem to be drawn from an assorted bunch of heirs to inherited wealth, Hollywood actors, football players, rock stars crooning lewd lyrics semi-naked on the stage, corrupt, self-serving CEOs who had paid themselves fat bonuses while the companies they managed were sinking - all whose lasting contribution to society is next to nil, if not detrimental, to say the least.
Every crime is a game which has two sides with player(s) on each side. In a case of rape there is a criminal on only one side and the party on the other side is always a totally innocent victim. But in Madoff's scam, the so-called "victims" had also played a significant role by not asking the right questions, through their greed, in keeping it going for a prolonged period. In fact, a case may be made for charging the victims also with "contributory negligence" and being given exemplary punishment.
Madoff had, in fact, only re-distributed wealth from people who had themselves come into it too easily. As the old adage warns: "Easy come, easy go!" It is significant to note that the only victims who came forward to confront Madoff in the court on Thursday were among the few investors who had lost relatively small sums of money to his Ponzi swindle.
I am certain that a vast majority of the people who are pouring out vituperative comments on Madoff had not lost a single cent thru his Ponzi scheme (as the revealed number of his client accounts itself makes it abundantly clear). Then, why do these guys and gals waste their tears in shedding them for morons who deserve little or no sympathy? They should save their anger and tears, instead, for a more worthy cause!
In fact, this country needs more of good Samaritans like Madoffs and Stanfords to re-distribute the wealth which lies concentrated in the hands of top 1-2% of the population and spread it around like manure on a farm. After all, money taken away from somebody must have gone to somebody else (apart from a little sticking to Madoff’s slimy fingers). It could not have vanished into thin air!
Vive la Madoffs! Vive la Stanfords!
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