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65 Comments
- emecks, on 01/05/2009, -0/+41If he gets jailed he'll get probed 8 times in 16 hours.
- hbyrne, on 01/05/2009, -0/+21As they say at the SEC: Ninth time's the charm.
- maz2331, on 01/06/2009, -0/+19Which says more about the investigators than the investigatee.
- elliotys, on 01/06/2009, -0/+15Maybe instead of probing him, they should have been investigating his business and financial records.
- unct, on 01/06/2009, -0/+15One question, how does a guy who took 50 billion dollars only face maximum penalty of 20 years imprisonment and a 5 million dollar fine? That's worst case. He'll probably get 5-7 years. What the ***** is wrong with this?
- inactive, on 01/06/2009, -0/+7I get the feeling someone is going to take out Madoff. He's angered a lot of people with this scam...
- GeorgeTirebiter, on 01/06/2009, -0/+6I bet his butt really hurt.
- ThatsNotPudding, on 01/06/2009, -0/+6I wish.
He'll get two years in Club Fed and then be hired as a consultant by the next round of Robber Barons.
Don Henley wrote the most true words: "Because any man with a briefcase can steal more money than any man with a gun". - Dumbledorito, on 01/06/2009, -1/+7Much in how we've made the possession and selling of substances worse than rape or murder, you'll get far more jail time if you punch someone in the mouth than if you steal several millions of dollars via fraud.
I guess jail is for "little people." - laonline, on 01/06/2009, -0/+5great work, guys.
- billraydrums, on 01/06/2009, -0/+5Either Madoff is "that good" or the investigators were abysmal.
- ElHeffe, on 01/06/2009, -0/+4jail = population control
- roho76, on 01/06/2009, -0/+4So the SEC is inept. Got it.
- rocksun, on 01/06/2009, -0/+4--Reporting by Ajay Kamalakaran in Bangalore;
Now, news is also outsourcing now. - haikuFU, on 01/06/2009, -0/+4Jail isn't for little people, it's for controlling the "undesirables." White and rich? Well, we gotta punish them somehow so let's send them to Club Fed. Black and poor and you stole a candy bar? Life.
- mcnees287, on 01/06/2009, -0/+4The SEC has failed us. we need to scrap them and start over.
Whats even more crazy how much money this agency spends each year. all of this while they have been unable to catch any of the past few huge scandals in the financial system. - inactive, on 01/06/2009, -0/+4It was a clear black night, a clear white moon
Warren G was on the streets, trying to consume
some skirts for the eve, so I can get some funk
just rollin in my ride, chillin all alone - username7410, on 01/06/2009, -0/+4REGULAAATORRS!!! Mount up...
and probe Bernie Madoff. - inactive, on 01/06/2009, -1/+4Oh god, corruption, in my financial institutions?
No way...
/s - acontorer, on 01/06/2009, -0/+3That's only once every 2 years. You just *know* they were probing someone else, on the side.
- Dumbledorito, on 01/06/2009, -0/+3It helps if the guy in the White House appoints people who actually think regulation is a good idea. If they worship "the Invisible Hand" or have people in the SEC that hope to get jobs someday from the companies they police, this is the result.
- unknownpoltroon, on 01/06/2009, -0/+3Im sure there was lots of "probing" but did anyone look at the ***** accounting books? I mean, I feel like I've been "probed" after all this ***** that's going on.
- inactive, on 01/06/2009, -0/+3I think its time to investigate the fisherman.
- sjl127, on 01/06/2009, -0/+3One can pay off a lot of people with all that money he stole...
- thelastcivilian, on 01/06/2009, -0/+3If he goes to jail, it'll be country-club minimum security... so maybe it'll be with a golf club.
- minoss, on 01/06/2009, -0/+3There was also an entire government department dedicated solely to evaluating and regulating Fannie/Freddie. Look how well that turned out. Expecting regulation to keep everything in check doesn't work.
- mcnees287, on 01/06/2009, -0/+2or both. madoff was a former regulator himself and many have suggested that he knew so much about the system he was able to manipulate it.
- inactive, on 01/06/2009, -0/+2Maybe the investigators were on a Madoff payroll perhaps?
- inactive, on 01/06/2009, -0/+2If only the majority of people on digg were not born in 1990 *sigh*
- JammoBlammo, on 01/06/2009, -0/+2Just hit the east side of the LBC
On a mission tryin to find Mr. Warren G
Got a car full of girls and no need to tweak
All you skirts know what's up with 213 - Fallout911, on 01/06/2009, -0/+2The guy is still walking around on the street, if some joe schmoe did this type of ***** he would have already been sentenced to death.
- linagee, on 01/06/2009, -0/+2Social Security = electric chair then? For who?
- inactive, on 01/06/2009, -0/+2Grandkids who can't vote against the coming *****. That's who.
- rightwingkiller, on 01/06/2009, -0/+2These guys surround themselves with other rich, respectible power players who all "know" that they are honest and could never be conned and the $75K a year public servant gets nowhere in the investigation.
Just like Ford, GM and Chrysler are "too big to fail" Madoff was "too big to be crooked".
I do think this guy, and his wife and maybe his sons who are also involved, should be in a cell awaiting trial and not a multi-million dollar apartment waiting for a chance to skip.
I wasn't aware that Fraud, even on a grand scale, had been elevated to a capital offense. - bluesman3535, on 01/06/2009, -0/+1I feel a Ken Lay moment coming on, and no autopsy photos.
- bluesman3535, on 01/06/2009, -0/+1From another angle,maybe they want him free to be more vulnerable to fatal attack, then the whole thing 'magically' goes away,with all it's dirty connections suddenly irrelevant to the general populace...
- JerodSlay, on 01/06/2009, -0/+1dugg for title. eyyooo
- BlacklabelSAR, on 01/06/2009, -0/+1Wow. Let's watch this play out. I bet he kills himself.
- gonzap1, on 01/06/2009, -0/+1If the outside world only knew how some of these examinations are conducted...the sh@# would hit the fan...As current regulator (not in the SEC), I see first hand how much time we are wasting on looking at needless things...makes me think that they want us to look at mundane carp to hold us up form looking at the serious stuff but now we have to worry about things that no connection to market confidence and investor protection...anyone ask me some questions..i can say so much though.
- Phonk, on 01/06/2009, -0/+1Maddoff seems to be the bigest swindler since man started counting.
I think Bush pulled the bigest trick since human walked on earth
Bush became a president for 8 years he couldn't beleive it himself.
60 million American were fouled
If I foul you once shame on me
If I foul you twice sheme on you.
When you put a total ignoramus in power see what you end up with
Bush is leaving behind a total chaos
While he enjoys life to the fullest. people will be on breadcrumbs.. - Malinse, on 01/06/2009, -0/+1I could almost support building dungeons for these people.
- Dumbledorito, on 01/06/2009, -0/+1That's, in essence, what was going on: The SEC wasn't regulating anything (especially hedge funds). Apparently, people CAN'T look after their own money, or aren't made aware that criminal and risky activity is being done with their investments. It'd be nice if an agency of some kind would at least raise red flags so that half of the idiots with cash don't crash the whole investment and banking structure of the globe by being duped like this.
- linagee, on 01/06/2009, -0/+1@Pinkertinkle: I get it. Instead of being a drain on financial resources, they just shock you when you get too old. LOL!
- govsucks, on 02/11/2009, -0/+1I'm sure the collectivists will call for much more probing. They love to probe people.
- inactive, on 01/06/2009, -0/+1Good thing they spent so much time & money going after 100% backed things like e-gold & the Liberty Dollar instead of paying attention to Wall Street criminality.
Oh, wait... - PopcornDave, on 01/06/2009, -0/+1Hopefully it will be with a golf bag.
- inactive, on 01/06/2009, -0/+1Almost? He should be living in one since last month, at the latest. An ankle bracelet in NYC simply isn't unpleasant enough. Bernie needs to be chowing down on institutional food, for a change.
- Refrozen, on 01/07/2009, -0/+1yep
http://www.politonomist.com/madoff-the-second-larg ...
and we've all called for a look at social security and yet it will never come
get used to it
it's called government. - Phonk, on 01/06/2009, -0/+1If you steal an egg you be jailed and if ransack the whole farm you be respected.
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