Cut the Deal Bernie!

Make the the "Misery INDEX"...sorry, I made a typo. Oh, and Blake, you've hit the nail on the head!!! Except I think they should throw ol' Madoff in there with them. And they can start with Nancy Pelosi, Harry Reid and Barney Frank.

Congress and the Federal Prosecutor just want the details of how Madoff was su successful with his Ponzi Scheme. This way, the Government can be just as successful with theirs, when they unveil it next year! How else did you think Obama was going to get all that money he needs to fund abortions overseas and fund his infamous "Global Poverty Act of 2007", which is still floating around in Congress, just waiting for the right time to be sprung on the American public? He wants to spend almost a Trillion dollars ($825 Billion, if I remember correctly) of YOUR tax money to "help the poor countries", when we have the worst economy since the Carter years (remember "Stagflation" and "The Misery Inded"?). Hopefully, the American people will wake up and start voting these scumbags out of office in 2010, and keep voting them out until ALL of them have been replaced.

The SEC and the IRS were complicit in Madoff committing this crime. The SEC investigated the Madoff's on numerous occasions and each time looked the other way despite many red flags. Not to mention the many personal associations with the SEC and the Madoff family. Most notable Peter Madoff was on the Board at the SEC and resigned one week after Bernard's arrest. The IRS approved Bernard L. Madoff Securities Investments as a nonbank Trustees/Custodians for retirement investments each year through 2008. What criteria did the SEC and IRS base their investigations and their due diligence? Did anyone who had the ability in the governement even bother to spot check the fact that over a 20 years and billions of dollars NO STOCKS WERE TRADED! These lapses and more added to the legitimacy of Madoff's firm and provided the legal cover needed for the entire Madoff family and others to perpetrate this crime. And all the while our government was raking in tens of millions from capital gain taxes from these fictitious profits. All Madoff victims should demand that the government refund ALL back taxes paid by investors!

So instead of punishing this crud we are looking for deep pockets to sue.

Look, the money I had was used by the CIA/Mossad to spy on terror groups overseas. The SEC couldn't do anything because we were also a conduit for banks laundering drug money. The money that was left was moved into Israel for safekeeping. Thank G-d for Rhaim Emanuel!!! Bernie M.

Bernie Madoff should go to regular hard core prison, not the country-club type of prison that white collar criminals go to. White collar criminals harm society just a badly as blue collora criminals. Therefore, there should not be separate prisons; otherwise, what is the deterrent to white collar crime?

I am very serious when I say this. I believe that people like Madoff should be executed for their crimes.

kI think officials give protection for the scam to be able to be done, and the officials put their kick back money in to get a return. Hope they lost it also, poetic justice. Better than the Justice we seem to have now days.

I'm having trouble trying to comprehend "who" is a "middle man". This would be like you having a guide, who has assured you ( based on his expertise ), that it is safe to take a short cut through an alley. Waiting in that alley, is Madoff with a gun who is going to rob you. Who's the middle man ? I see a victim, a criminal, and the criminal's facilitator. Also, I'd question the "smarts", of any financial advisor who would be taking money from Madoff. Not just the illegal or unethical aspects of it.., but if I supposedly know the market, I'd be looking to see where Madoff is getting his money from, so that I can be assured of a steady supply of income from him. Any advisor who DIDN'T do that ( for purely selfish reasons ), is lame. The LEGITIMATE advisors, who HAD researched Madoff, most probably headed for the hills a long time ago. If they're claiming to ba professionals, and they didn't see what was going on, then that makes them an accomplice and not a "middle man ".

Those financial advisors should refund the fees they charged at the very least. I wonder how many of them will be involved in law suits. What a mess!

It goes back to one of my ideas to describe the last few years....if you are going to mess up or rip people off do it on a really large scale. Steal 1,000 bucks and you will be in jail quicker than you can imagine...steal billions of bucks and you are in a position to negotiate (they need him just as bad as he needs them).

Middle man my --- Im begining to think our entire financial system is a fraud!

He should go to a real jail, just like you or I would having done what he has done. !

Hi Cheryl, the link is my thoughts on it, albeit from an investment outsider. I discuss the middlemen theory toward the end. There are problems with it. They only get one or two percent, and for maybe half taking out returns, about another one percent of Madoff's remaining fund. That takes several years to deplete the fund, and Madoff had lots of new investment in 2007 and 2008 where those funds could not possibly have been paid out to middlemen, yet Madoff was nearly zeroed out a end of 2008. The middlemen theory is not very sound. I think my thoughts of Madoff naked short selling Treasuries, not having any collateral for that, and playing one trick too many with the cash with the cash in Treasuries on the repo market and lost it somewhere in these overnight collapses, but perhaps title was unclear as to who lost, deliberately so. I realize that is vague but the Ponzi and middlemen stuff is total blue sky. Hopefully a better case can be made than that because I have no problem tearing those apart. regards, rd http://www.justiceforchandra.com/forums/viewtopic.php?t=3875

By all means, let Bernie walk. His victims didn't really deserve all that money anyway. Then Bernie can write a book telling you all about how he did it, collect another 10 million or so, and laugh all the way to the bank.

This is all a bad joke. Leave Bernie out of jail and put the U.S. Congress IN JAIL.