Madoff and others like him were allowed to continue because what they were doing was corrosive to the trust that holds this society together. If your intent is to kick the slats out from under a culture that depends upon legal and moral certainty, then what better way to undermine it?
All you have to do is to ignore and dare I say, encourage the sort of fraud and thievery that Madoff engaged in. Madoff had flags waved again and again and nothing was done.
Think about it.
Our elites are a self conforming lot. Madoff, AIG, others are found out, publicly, up to ten years before, and the elites can not accept it.
This behaviour is going on now with the dollar, America’s debt. Some of the same people too. Geithner, Paulson, Rubin.
They are like cats trying to bury a generational/elite thirty years of crap in a little cat litter box and hope it all goes away. They are doubling down, now not with investors( wiped out ), institutions ( gone, bankrupt, walking dead ) but now the nation. We are going the way of Argentina, Japan....
What has happened since the collapse last year is just a reprieve.