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Bernie Madoff Paid Off Politicians
Friends of Ours ^

Posted on 03/05/2009 7:51:28 AM PST by AtlasStalled

Although the self-righteous politicians in the nation's swamp condemn the S.E.C. for failing to uncover Bernie Madoff's Ponzi scheme, the unfortunate reality is that regulatory and law enforcement agencies are loath to investigate the politically connected, and it appears that Madoff had bought himself plenty of protection. You don't think campaign contributions can buy a politician to run interference? Congressman Rangel -- one of those recieving Madoff funds -- attempted to derail the federal racketeering prosecution of plaintiff class action firm Milberg Weiss Bershad & Schulman LLP with the help of some of his friends on the Hill. Although the Congressman's efforts ultimately were unsuccessful -- several of the firm's partners were convicted on felony charges and the firm itself paid a $75 million fine -- the case demonstrates the extent to which elected politicians will interfere with the orderly administration of justice to protect their campaign donors. Curiously, Mel Weiss, one of the convicted partners, was an investor in the Madoff funds.

(Excerpt) Read more at bitterqueen.typepad.com ...


TOPICS: Business/Economy; Government; Politics
KEYWORDS:

1 posted on 03/05/2009 7:51:29 AM PST by AtlasStalled
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To: AtlasStalled

I’ll say, the stench from DC is a huge stink these days. Like a great garbage heap.


2 posted on 03/05/2009 7:53:28 AM PST by bboop (obama, little o, not a Real God)
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To: AtlasStalled

Charles Schumer tops the donor list of Madoff and his family, at $29,300.


3 posted on 03/05/2009 7:54:32 AM PST by WellyP (obama must go!)
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To: AtlasStalled

He’s still comfortably ensconced in his $7 million apartment in NYC. Undoubtedly with taxpayer-funded guards and security monitoring.

And his attorney just petitioned to allow him to keep his apartment and some other goodies on the grounds that the money used to buy them really didn’t come from fraud.

I believe him. /s


4 posted on 03/05/2009 7:54:41 AM PST by Attention Surplus Disorder (Mr. Bernanke, have you started working on your book about the second GREATER depression?")
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To: Attention Surplus Disorder

Time for these senators to pay it all back.


5 posted on 03/05/2009 7:56:19 AM PST by rovenstinez
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To: AtlasStalled

(Can’t link to site...) Please God, let them all be dems...


6 posted on 03/05/2009 7:59:56 AM PST by matginzac
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To: matginzac
Bernie Madoff, whose $50 billion Ponzi scheme is the biggest purported fraud in history, reportedly out thousands of dollars to lawmakers in Congress. Fox 5 New York reported last night that Sen. Charles Schumer tops the donor list of Madoff and his family, at $29,300. Schumer's office said it had donated $8,000 of the stash to police and fire endowments. Others who got donations from Madoff or his family were Democratic NJ Sen. Frank Lautenberg, who got $11,600; Hillary Rodham Clinton, who got nearly $9,000 for her Senate and presidential campaigns; disgraced former Republican Rep. Vito Fossella and Democratic Rep. Carolyn Maloney, who both collected $3,000; and Democratic Rep. Charles Rangel, who received $2,000.
7 posted on 03/05/2009 8:01:28 AM PST by Miss Didi ( "After all...tomorrow is another day." Scarlett O'Hara, Gone with the Wind)
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To: AtlasStalled

America is being held hostage by a bunch of criminals.

Starting with the CIC(Criminal In Chief)and his enforcer Rahm.

They need to be rounded up, impeached and prosecuted.


8 posted on 03/05/2009 8:05:48 AM PST by dforest
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To: AtlasStalled
Martha Stewart went to prison for esentially pimping a overpriced startup.
Q: Why has this guy NOT got The Chair?
A: He's a RAT and all his friends are RATS.
9 posted on 03/05/2009 8:12:02 AM PST by Zathras
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To: AtlasStalled

Always follow the money.

Trouble is, the media can be bought off just as easily as politicians.


10 posted on 03/05/2009 8:22:36 AM PST by Lorianne
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To: AtlasStalled

Why, you’re accusing Charlie Rangel of doing something dishonest...for money??? Impossible. Call him at one of his 4, 5, 6, 7 rent controlled apartments for a comment!


11 posted on 03/05/2009 8:51:32 AM PST by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: WellyP
Charles Schumer tops the donor list of Madoff and his family, at $29,300.

And that's just the visible contributions. How often are politicians and/or their families invited to parties, invited to trips, tipped off on investment opportunities, etc, etc, by people who want the politicians to owe them favors?

12 posted on 03/05/2009 9:44:16 AM PST by PapaBear3625 (The problem with socialism is that you eventually run out of other people's money -- Thatcher)
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To: AtlasStalled

And he paid Shumer very well - anyone wonder why the MSM isn’t covering this story? It’s a natural Florida story...


13 posted on 03/05/2009 9:47:00 AM PST by GOPJ (People who can't use the new WH phone system are trying to redesign half the US economy - Brooks)
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To: AtlasStalled

Madoff’s Congressional Donations
03/04/2009 7:34:59 PM PST ·

Sen. Charles Schumer, D-N.Y.: $29,300
Sen. Frank Lautenberg, D-N.J: $11,600
Sen. Hillary Clinton: Nearly $9,000 (Senate and presidential campaigns; Clinton is now U.S. sectretary of state)
Rep. Vito Fossella, R-N.Y.: $3,000
Rep. Carolyn Maloney, D-N.Y.: $3,000
Sen. Jon Corzine, D-N.J.: $2,000 (during his Senate tenure; Corzine is now N.J. governor)
Rep. Charles Rangel, D-N.Y.: $2,000
Sen. Chris Dodd, D-Conn.: $1,800

This is why the MSM and Florida News Organizations ARE NOT covering this...


14 posted on 03/05/2009 9:49:13 AM PST by GOPJ (People who can't use the new WH phone system are trying to redesign half the US economy - Brooks)
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To: AtlasStalled
Bernie Madoff Paid Off Politicians

Do I even need to say it?

15 posted on 03/05/2009 9:51:21 AM PST by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: GOPJ

“Madoff’s Congressional Donations
03/04/2009 7:34:59 PM PST ·

Sen. Charles Schumer, D-N.Y.: $29,300
Sen. Frank Lautenberg, D-N.J: $11,600
Sen. Hillary Clinton: Nearly $9,000 (Senate and presidential campaigns; Clinton is now U.S. sectretary of state)
Rep. Vito Fossella, R-N.Y.: $3,000
Rep. Carolyn Maloney, D-N.Y.: $3,000
Sen. Jon Corzine, D-N.J.: $2,000 (during his Senate tenure; Corzine is now N.J. governor)
Rep. Charles Rangel, D-N.Y.: $2,000
Sen. Chris Dodd, D-Conn.: $1,800

This is why the MSM and Florida News Organizations ARE NOT covering this...”

_____________

Thanks for posting the list.


16 posted on 03/05/2009 9:57:29 AM PST by AuntB (The right to vote in America: Blacks 1870; Women 1920; Native Americans 1925; Foreigners 2008)
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To: AtlasStalled

The Madoffs should have to sell EVERYTHING they own until they repay everyone what they stole from them . . . and then, they should have to buy a house in Levittown, PA and live like normal people. I’m betting they’d take a jail sentence rather than have to actually clean their own toilets and cook their own food.

I just don’t have time for people like them . . . hang the lot of them. Ponzi Schemes. Pyramid schemes. When will the public grow up and realize there is no such thing as a ‘free lunch’ or an ‘unbelievable’ return on an investment.


17 posted on 03/05/2009 12:33:07 PM PST by HighlyOpinionated (The Constitution & Bill of Rights stand as a whole. Remove any part & nullify the whole.)
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