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The Forum > General Discussion > Release Bernard Madoff - NOW!

Release Bernard Madoff - NOW!

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For a piece on Madoff in prison see:

http://nymag.com/news/crimelaw/66468/

Madoff stole $70 BILLION. For many people it was a personal tragedy. Lives have been ruined and all he can say is "F * C K MY VICTIMS." Remorse is notably absent. If ever there was anyone who seemingly deserves a life time in prison it is one Bernard L. Madoff.

How much did it cost to bail out Wall Street and European bankers again?

How many lives were ruined because of the banks' reckless lending?

Dick Fuld, the last CEO of Lehman Brothers took home half a BILLON in bonuses in the eight years it took him to ruin a bank with a history of more than 100 years.

Goldman Sachs survives only because it got special favours from the US Treasury. How much is it paying in bonuses? Remember this is the bank that helped the Greek Government fake its books.

See: http://www.huffingtonpost.com/2010/04/20/jon-stewart-takes-on-gold_n_544102.html

German banks lent to the Greek Government on the basis of their fake accounts precipitating (another) global financial crisis. Do you think those guys didn't know the accounts were fake? But, what the hell, so long as we collect our bonuses before the brown stuff hits the fan. Afterward the taxpayers can pick up the pieces.

Bernard Madoff stole $70 billion.

How much did it cost to bail out the global economy? How many lives were ruined? How many people lost their homes, their jobs?

The reckless practices of the world's big banks have cost 10, 20, 30 times what Madoff stole. And that's not counting the human misery.

Compared to the havoc wrought by the world's big banks Madoff is but a petty thief. If those guys get to walk with their billions the most Madoff deserves is 200 hours of community service.

He's done his time. Let him go
Posted by stevenlmeyer, Tuesday, 8 June 2010 4:23:50 PM
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We could also consider sending Hanson, Bush's last treasury secretary and architect of the bailout, to join Madoff in prison.
Posted by stevenlmeyer, Wednesday, 9 June 2010 12:23:38 AM
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Do you Steve want anything you post to be taken as Worth while?
Do you truly honestly think he should go free?
Posted by Belly, Wednesday, 9 June 2010 4:04:50 AM
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Belly..wake up Australia.. of course Steven is not calling for Madoff to be released..he is using a colorful way of saying why were the OTHER crimmo's not also arrested!
Posted by ALGOREisRICH, Wednesday, 9 June 2010 6:56:32 AM
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The real criminals here are the politicians & law makers who fail us miserably by not changing policies. What does the law reform commission do all day. They should be locked away to protect us.
Posted by individual, Wednesday, 9 June 2010 7:34:06 AM
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Maybe go back and imprison Ex-Presidents Carter and Clinton, it was Carters CRA legislation and the requirements by Clintons crew which imposed lending demands based on population proportional ethnic origins, instead of individual ability to repay.

As for Madoff.. may he rot in prison...

perhaps we should consider trying Krudd and Swann and Garrett for their fiscal malfeasance too
Posted by Stern, Wednesday, 9 June 2010 8:21:15 AM
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