Frenzy outside the court: Madoff gets 150 years

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  • He's not alone
    June 30, 2009 5:19 a.m.

    Our national financial system is a Ponzi scheme and only one man has been convicted. What about the hundreds of CEO's of business and financing industry's that have victimized the millions of americans?

    None of this would have happened if government had not deregulated every thing that was preventing an economic disaster. Business cannot be allowed to ever create a Ponzi system again, new and restored regulations are very much needed.

    Under the guise of free enterprise, our economy has been undermined with excessive debt and secretly disguised no value assets. Our economy was superficial and doomed to fail at some point by the actions on Wall Street and investors. With everyone greedy to make lots of fast money and putting all their eggs in an unknown venture we are exactly where the first depression put us, broke, no jobs, and no money. To gamble on Wall Street is no safer than slots in Vegas, and the slots always win. Anyone that thinks gambling on wall street is any different is blinded by greed.

    Anyone who has an investment retirement must remove it from the hands of gamblers and their ponzi schemes.

  • Pastor88
    June 29, 2009 6:53 p.m.

    While the government ,who over sees the investors failed. They will never admit it and most likely were involved somehow. Whter bribes or hush money was given to look the other way or what the scenario. The U.S. government failed again to protect consumers.

  • victims
    June 29, 2009 4:10 p.m.

    These 'victims' are pathetic. They somehow believe the govt. was responsible for watching over their money? Have they ever been to the Department of Motor Vehicles... and realized the govt. can't even figure out how to provide simple customer service?

    And, they're crying for more govt. intervention? What? You think Madoff was something, wait until what happens when the State is watching over everything (oh, wait, maybe that's already happened).

    Uh, here's the transcript from the guy they didn't interview:

    "Yep. I was stupid. I got caught up in the big returns and didn't do my due diligence in monitoring my investment. I got greedy and moved more and more into the account. Next thing I know, I'm poor."

    Yeah. Sorry folks. A fool and his/her money are soon parted. Involve the govt. and the separation will just happen sooner.