Madoff in Prison
By Barry Ritholtz - March 13th, 2009, 5:30PM
In all the week’s lunacy, we neglected this story — which can be resolved with a simple cartoon:
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via Time Magazine
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
March 13th, 2009 at 5:52 pm
Nice. You can see him running an academy for forgers in the slammer.
Bernie should be getting his first water-boarding session (sorry, interrogation) on Monday.
He will never give up the family members.
I wonder how long it will be before he gives up the feeder funds?
March 13th, 2009 at 5:53 pm
Finally!
So he’s inmate # 61,727,054. They should add 3 zeros to it.
His high school sweetheart might soon follow.
March 13th, 2009 at 6:00 pm
Hopefully he knows you’ll get shived if you don’t deliver…
March 13th, 2009 at 6:06 pm
I read his guilty plea statement…it is so transparent…every word is designed to keep his family out of jail…every bit of it is questionable.
I think jail is too good for him. Put him into a room with all his clients and lock the doors.
March 13th, 2009 at 6:21 pm
I understand he is planning on producing “Prisoners of Love”.
March 13th, 2009 at 6:24 pm
speaking of butts, I hope his takes a pounding in prison but something tells me that probably won’t happen to him.
March 13th, 2009 at 6:40 pm
@Steve Barry. I like that idea. That will likely knock the truth out of him. There’s definitely far more to this story than we’re getting. I just hope the truth doesn’t get buried.
March 13th, 2009 at 7:38 pm
Yep,
He’ll fit right in. That looks like Fuld at the table with him (prison food makes you fat). And standing behind the cell is that Paulson with Thain whispering in his ear? We wish.
March 13th, 2009 at 7:51 pm
Does it matter? What happens in prison, stays at prison. I’m sure someone will show him how to have fun even at his age.
March 13th, 2009 at 7:52 pm
@Mannwich. Hell yeah there’s more to the story! There is so much more to this story and Bernie is just the fall guy. There are a lot of people hoping Bernie will be the Marth Stewart of this crisis and put an end to all the investigating and questioning. Christopher Cox is just as culpable and should share his cell.
As if his wife and family not knowing – come on! Who among the married folks here are able to keep money matters away from your spouse?? And for 40 years?
March 13th, 2009 at 8:18 pm
how long before the wife and kids go into hiding like sonja kohn, the german broker who sterred all that russian oligarch money to madoff
if shes hiding, you know ma madoff better do the same
March 13th, 2009 at 8:51 pm
why isn’t cramer in there with him?
March 13th, 2009 at 8:59 pm
What happened to our government? This man did not act alone, yet there are apparently no investigations taking place. Where are the FBI and the SEC? Where is the Attorney General? Where are the RICO act indictments? I can remember a time, not too long ago, when this kind of thing wasn’t tolerated – everyone with dirty hands was rounded-up and dealt with harshly. We have become Rome. The Republic has fallen.
March 13th, 2009 at 9:00 pm
AP News reports that, “[N]ewly filed court documents show Bernard Madoff and his wife had a net worth of more than $823 million at the end of last year.”
And all in Bernie’s wife, brother and son’s names I’m sure.
I love capitalism but there are times I can easily believe it will collapse from gluttony, its own stupid propensity for excess and morbid obesity: For Madoff’s family and earlier investors alike, the bulk of what they now own must be considered the fruit of a poison tree, the proceeds of a criminal enterprise, and if there can be no further criminal prosecution there must at least be some fairly serious clawback and restitution.
March 13th, 2009 at 9:24 pm
…and the conmen who created and perpetrated the multi-trillion dollar CDS fraud?
are they any less guilty than this guy?
why are they still walkin the streets?
what a friggin joke
land of the bozo
March 13th, 2009 at 9:44 pm
Aurelius,
Madoff is taking one for the whole team.
The wife, his sons, his brothers, his corrupt employees and the rest of the incompetent nincompoops responsible for gov’t oversight.
The whole legal proceedings from here on out will be directed at covering asses and burying this thing as fast as possible. Those responsible can’t afford to allow the public thats still in the dark to see how corrupt much of the gov’t and industry is.
March 13th, 2009 at 11:26 pm
Hope they (Dont) have a pre-nup. If not, just how much property did she bring into the marriage?
March 14th, 2009 at 12:03 am
Five will get you ten that within one year Madoff will “die”" of a “virulent” cancer. He will be burried in his beloved Paraguay.
March 14th, 2009 at 12:20 am
At the Metropolitan Correctional Center, an elevator operator announces the floors as a double check for the prison guard and escorted inmate. Here’s a transcript recording of the elevator operator taking Bernie Madoff to his 6th floor cell.
“1st floor – jaywalkers and red light runners.
2nd floor – red light district johns like Eliot Spitzer, and tax cheats like Geithner.
3rd floor – firing-gun-in-nightclub desperados like Puff Daddy and Plaxico Burress.
4th floor – burglars, bribe takers, politicians.
5th floor – Russian mafia, Chinese mafia, Sicilian mafia, Columbian mafia, et cetera et cetera…
6th floor – child molesters, serial killers, pension thieves, widow swindlers, charity robbers. Your floor, Bernie.”
March 14th, 2009 at 12:38 am
Now that we’ve got Maddoff in the slammer, maybe someone will contemplate if Dick Cheney might belong there as well.
March 14th, 2009 at 1:06 am
Of course there are investigations taking place, Marcus Aurelius, it just takes time. The family is stonewalling, and there’s a ton of data to go through.
http://www.huffingtonpost.com/2009/03/13/madoffs-worth-more-than-8_n_174849.html
March 14th, 2009 at 1:11 am
ссылки…
In all the week’s lunacy, we neglected this story — which can be resolved with a simple[...]…
March 14th, 2009 at 1:15 am
So how is M1 M2 and M3 looking right now?