2009-03-12

Madoff pleads guilty

Bernard Madoff has pled guilty and been sent to jail for operating one of the largest ponzi schemes in history.

What should be done with the people he swindled money out of?  I personally do not think that they should get a penny back.  I've lost money in the market too, but I'm not running to the government asking for a handout.  He took advantage of them, so what?  That doesn't mean the taxpayers should support them.  Eugene Robinson goes so far as to call them his accomplices.  

His investors were Idiots with a capital I.  Someone who gives you a 10% return for many, many years is lying to you.  We should not reward ignorance.

1 comment:

Anonymous said...

You made some good points but any money found in his account should be given back to the investors. The whole Madoff family should be sued because they were all involved and the money should be returned to the investors.