150 years for Madoff

Guess he'll die in prison:

http://money.cnn.com/2009/06/29/news/economy/madoff_prison_sentence/index.htm?postversion=2009062909

 

Good

 

I think he's ready to follow the Ken Lay escape plan. If he sees a day in jail, I'll be shocked.

 

Did he commit suicide? The "official" version is he had a heart attack, but I always thought that was a little weird. A quick death is too kind for this guy.

Bernie Madoff! Ken Lay! Deregulation! Yea capitalism!!!!

 

Prison is the safest place for this ass clown. Suprised he hasn't been killed yet.

 

They'll say heart attack as cause of death for the next trillion years, but folks know better.

 

He's been in jail since March.

 

This American Life (or maybe it was NPR's Planet Money) did a pretty good piece on the victims of this fraud a few months back. One story in particular revolved around an older gentleman who told his daughter (or perhaps it was a son-in-law) to be careful investing with Madoff. He just thought the annual return rate was not believable.

Years go by. The couple did take their investments out of Madoff, but proceeded to hold a grudge against the father for years. They saw the return their friends and colleagues were getting off of it and felt like they were missing out.

Anyway, shit hits the fan last year and now they can't be more thankful for the warning. Basically being, if it's too good to be true, it probably is.

The investors are somewhat at fault here too. This had bullshit written all over it. The money they claimed to have lost? It was never really there in the first place. Most of these people will be just fine.

 

And Ken Lay died while awaiting sentencing. Pretty sure Bernie's going straight to the slammer.

 

The number of years is irrelevant at his age. 15 is as good as 150. Whatever the number, he'll die there.

So the large number seems more of a means to appease victims than anything else. No doubt some will still be cursing him long after he's breathed his last.

I am having a hard time finding a great deal of sympathy. Bernie Madoff lived a good life. Had far more money than most of us --- self included --- will ever see. Got to travel, have nice things, live in luxury. The good life. Now he'll live out his days in a minimum security prison camp, probably writing a book (to make even more money), playing tennis and giving stock tips to correctional officers and fellow inmates. And, then, one night, he'll die in his sleep.

Compared to the homeless crack addict who gets stabbed to death in an ally for the sake of $10, not a bad way to go.

 

They really want to make an example of this guy, send him to someplace like Marion, Atlanta or Leavenworth. Instead, like Mark said, he'll go to a minimum security prison and live out his days. Unless some disgruntled investor has a connection in there and finds someone to shank him [/keepingfingerscrossed]

 

Saying "most of these people will be just fine" is a pretty casual attitude. I know one person, not wealthy by any stretch, who will not be. And what of the foundations, Elie Wiesel's among them? Don't let your hatred of the rich cloud your judgement. How would you, rich or poor, feel if you had lost nearly everything?