[...] It is a real lesson that people cannot abdicate personal responsibility when it comes to their personal finances."The audacity of these multimillionaires wanting me to pay for their losses astounds me.
And that's the point. People did abdicate responsibility — and now, rather than face that fact, many of them are blaming the government for not, in effect, saving them from themselves. Indeed, what you discover when you talk to victims is that they harbor an anger toward the SEC that is as deep or deeper than the anger they feel toward Madoff. There is a powerful sense that because the agency was asleep at the switch, they have been doubly victimized. And they want the government to do something about it.
I haven’t been paying much attention to this Madoff thing because the way I see it, they willfully gave this man their money. Surely, you would think they would have asked questions, but no, all they heard was give me your savings and I will double it. Nothing is that easy.
I am so tired of having to be responsible for other peoples mistakes, I have to worry about my own mistakes and I can promise you nobody is helping me out.