Posted on 03/06/2009 8:33:31 AM PST by Fury
Developing
There had better be jail time - and lots of it...
A life sentence sounds good to me!
I hope he isn’t going to white-collar resort prison.
No, no, no. He needs to go to Federal POUND HIM IN THE A** prison.
He doesn’t have to go to jail. I just want all his money, his house, his cars, his jewelry, his watches, I want the Brycreem out of his medicine cabinet, the dust bunnies under his mattress, plus one kidney, one lung, one eye, and one of any other paired organ he can do without. That would be a good start towards restitution. Oh yeah, his wife too. She’s basically Carmella Soprano.
Discussing now on CNBC...
So he trades information and forfeiture for a cushier cell?
I’d be interested to know if any FReepers got hurt by Madoff.
I’m inclined to consider him a bit of a villainous hero. He singlehandedly did more harm to the far left’s funding apparatus than anyone in history.
Wow, I remember my grandmother putting that in my hair. Ugh!
I wonder how many millions he will be allowed to keep - and how much will be siphoned off to various “parties”? Might be a good idea to check zer0’s and his thug’s accounts, before and after any deals are made.
The sad thing is I believe the rest of his family is getting away with murder as I think they were deeply involved. The plan was for Bernie to take the fall by making it look like his son’s just happened to stumble upon his EVIL plan as to not implicate him. As well, we will never hear about how corrupt and involved the SEC was in making sure they didn’t investigate Bernie even though they knew what he was doing. We’ll never hear about the bribes SEC officials were taking from Bernie to look the other way.
Did Obama offer him a place in his Cabinet?
I know a union electrician whose union had put some of their investments in a fund that ultimately had Madoff exposure. Their investments lost millions...
ML/NJ
Bernie should be used as a human pinata.
How about the government accepts the deal and reneges, defrauding him, like he did to his clients, and sending him to prison for life.
Not imprisoning Madoff equals -300 to -500 DJ points. Not imprisoning him ratifies fraud, and I predict it will have a very negative psychological effect on the market. Please forgive me for yet another one of my neanderthal oversimplifications.
Yes, that’s the real story. The SEC and other regulatory agencies unbelievable corruption and negligence.
Will it ever be investigated? NO.
Look at the bright side - it will be the first trade he has made in years.
A life sentence which ends abruptly at the end of a rope wouldn’t be the end of the world (except for Mr. Madoff).
“Did Obama offer him a place in his Cabinet?”
I think so... I heard he is gonna head up Obama’s Social Security ‘overhaul’.....LOL
Snip
The Individual Politicians Who Benefited From Stanford
So who are the individual politicians the US district court judge could claw back political donations from?
Sen. Bill Nelson (D-Fla), benefited the most, and now says he will give to charity his $45,900 in donations he received from Stanford’s operations.
President Barack Obama was the third-ranking recipient among lawmakers, with $31,750 collected from Stanford company employees during his presidential bid, while $4,600 was from Stanford himself, says the says the Center for Responsive Politics. President Obama’s campaign says it will give the $4,600 campaign donation to the Chicago Coalition for the Homeless, reports indicate.
The president’s rival, Arizona GOP Sen. John McCain, was the fifth highest recipient with $28,150. Sen. McCain announced he would donate the money he received from Stanford to charity.
Former Rep. Bob Ney (R-Ohio), who served prison time for his role in the Jack Abramoff lobbying scandal, received $28,200 (this includes contributions to Ney’s candidate committee and leadership political action committee).
Former House Majority Leader Tom DeLay (R-Texas), who reportedly flew on Stanford’s jet, collected $20,100 from the company between the 2000 and 2006 election cycles.
Sen. Christopher Dodd (D-Conn) got $27,500 from Stanford’s operations, says the Center for Responsive Politics. Sen. Charles Schumer (D-NY) got $17,000. Sen. Harry Reid (D-Nev) received $8,500, Sen. Kay Bailey Hutchison (R-Tex) $7,300, and Secretary of State Hillary Clinton received $6,900.
So far, only Nelson, the President, and McCain are giving their donations to charity. None of the politicians so far have said they will give the money back to investors.
http://emac.blogs.foxbusiness.com/2009/02/20/stanfords-favorite-politicians/
Good one.
Developing? Disgusting is more to the point. Anything less than 10-20 is unacceptable; unless he is implicating his democrat party partners.
I can’t comprehend a plea deal here... what can Madoff “give up” to warrant getting out of jail? Because he really has no incentive (personally) to plea to a lesser term — at his age, pretty much any non-joke sentence will be a “life” sentence.
The only thing that makes sense is that his family would get off, in exchange for not blowing off the lid on how complicit the regulators were in this whole mess...
Ping! Naughty kitten!
Did Kenneth Lay and Jeffrey Skilling get offered plea deals??? Skilling got sentenced to 24 years and 4 months in federal PYITA prison. I see no reason why Madoff should get off with less.
There were many managers of "feeder" hedge funds who shoveled billions to Madoff over the years, while at the same time earning hefty fees. They've all claimed that Madoff deceived them, and their accountants, but it's hard to believe thay were all that stupid. If they were complicit, and Madoff has proof, or testifies, or both..well..
He is SO being protected...he’s got stuff on people...this had better all come to light.
I suspect any deal will involve leaving his wife with something...but I think it will blow up in the Fed’s face..
That’s the only way we’ll be able to swallow a deal..if he brings down the corrupt system, then it will be worth it.
That would make sense... but the question would be if the prosecutors would have the guts to do it. As long as Madoff is just a single "bad egg", things may not be so bad, but if the general suspicion that the entire market (or at least a significant portion of it) is dirty winds up being proven true, the fallout in loss of confidence in the market will be huge.
Skilling was the fall guy. Andrew Fastow (the Chief Financial Officer) was actually the brains behind the machinations. He only got 6 years with a plea deal. Fastow’s wife got a little jail time too.
Some cashed out of Enron at the right time and avoided prosecution. They are now living happily with their former stripper wives in Hawaii on the beach. (You can’t make this stuff up).
It can’t get much worse, and remember, if Obama is indeed running “against” the rich..then they’ll be no pity for these folks..
Madoff will get to keep his penthouse, his freedom, and his money.
Why?
Because Fox News is reporting Hillary, Schumer and Corzine all got Madoff money, and we can’t let THAT get out, can we?
Feds continue plea bargain talks with Madoff — Newsday.com
http://www.newsday.com/news/local/newyork/ny-bzmado0512516766mar05,0,4858953.story
Brits looking for possible Madoff money laundering
BTW re: Sen. Kennedy Receives Honorary Knighthood
U.S. Constitution - Article 1 Section 9
No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince or foreign State.
touche!
Madoff should spend the rest of his life behind bars without the possibility of parole! Lets make an example of these a holes!
Madoff should spend the rest of his life behind bars without the possibility of parole! Lets make an example of these a holes!
gggggggggrrrrrrrrrrrrrrrrrrrrrrrrrrrr
not liking the smell of this one bit
Good one.
Sad thing is he will probably be rewarded in some way by Zero
“I’m inclined to consider him a bit of a villainous hero. He singlehandedly did more harm to the far left’s funding apparatus than anyone in history.”
How so? He funded local Rat politicians who will get the money from others.
He ain’t Soros and he isn’t funneling international money to a campaign like Obama did by stripping out the credit card protections on collections.
;)
But it’s already out. It may not be trumpeted by the media but most people who read know who Burny was funding.
The question is will the Rats ever return the money? Of course the media has no incentive to even ask that question.
30 days house arrest in his penthouse apartment,
300 hours community service
—
FoR some reason, I doubt he’ll ever see duty with the Lompoc dairy herd..
50 Billion dollars stolen from people who invested their life savings and trusted this @sshat - Life in Prison would be the only “deal” he deserves (since they don’t employ the death penalty for this type of crime - sadly enough).
He should be named head of the SEC and the Fed.
He sure knows his way around.
I realize that was said in jest, but, ah, no. I want to see these people pay and pay dearly. Not given a slap on the wrist and let go.
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