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 Madoff Investors Under InvestigationPosted on May 18, 2009
File under “honor among thieves?” A group of prominent investors in Bernard Madoff’s failed financial enterprise are being investigated by the U.S. attorney’s office in New York City for allegedly playing Madoff’s fraudulent system to their advantage.
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By samosamo, May 19, 2009 at 8:57 pm Link to this comment
Twould be nice to see a bunch of these thieving criminals do some hard time and pay some hard fines for their crimes but I would also want to put congress in the dock for their individual parts along with any lobbyists even remotely connected to these scandals of grand larceny of the people’s money that is nothing but the continuation of the savings and loans scandals of the 1980s and 1990s.
According to the actions, or should I say non-actions, of our law enforcement, our governments of all levels, local state & federal, and the wall street regulators these crooks basically have the right to steal in broad daylight the taxpayer’s money and the hard earned money that they invest in pensions or retirement accounts because these creeps seem to think that is what they are entitled to do because that much money just laying around drawing interest would be better off in their pockets.
All the above mentioned groups are culpable in this biggest heist of public and private money because a bunch of crooked ceo’s and upper management players found the way to conjoule, threaten and out right subvert the control systems and laws in place that would have prevented this, so with the help of lobbyists to bring those easy to spot enablers in congress to stack the biggest audit firms with complicitors the heist was almost simple and very effective, then it bled over into wall street.
William Black wrote what for me is turning out to be a most intriguing story of this savings & loans scandal ‘The Best Way to Rob a Bank is to Own One’ and due to his efforts of investigation around 1000 of those creeps were charged with felonious crimes of which some were so stupidly bolden that I have all most choked from laughing so hard at what these crooks were allowed to get away with while stealing people’s money and the taxpayer’s money, all more or less sanctioned by law enforcement, regulators and our governments who have done nothing less but turn around and hand that grand larcey ball of rights to wall street to carry on the game and it still works today.
Report thisBy Folktruther, May 19, 2009 at 7:26 pm Link to this comment
Madson’s family whow were owners and high officers in the corporations, have still not been indicted.
Report thisBy ThomasG, May 19, 2009 at 10:45 am Link to this comment
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American style undefined freedom with life, liberty and the pursuit of happiness with freedom and justice for all is freedom as a TROPE, freedom with the highest standard for the American aristocracy, the second highest standard for the toadies of the American middle class singularity and the lowest standard for the 70% majority common population of the United States, which are NOT represented in the Legislative, Executive or Judical branches of U.S. Government, and are systematicly denied a political party as an institutionally accepted means of control of the 70% majority common population of the United States, so that the 70% majority common population of the United States can be used as a collective group of self-charging batteries, that the combined 30% minority of the American aristocracy and the American middle class singularity can use as consumers to generate CAPITAL for the benefit of the 30% minority of the American aristocracy and middle class singularity of insufferable toadies.
While listening to NPR this morning I heard Yahoo talking about educating the Palestinians for PEACE, and I thought about the 70% majority common population of the United States that have been educated for FREEDOM, with life, liberty and the pursuit of happiness with freedoma and justice for all, that has reduced the 70% majority common population of the United States to a collective of self-charging batteries to generate CAPITAL for the benefit of others without substantial benefit for themselves, other than minimum maintenance as a battery; surely the 70% majority common population can start to wake up and do better for themselves than being used by the minor dominant classes and cultures of the American aristocracy and middle class singularity toadies as self-charging batteries to generate CAPITAL that the 70% majority common population does not share in, that is for the benefit solely of the American aristocracy and their insufferable toadies of the American middle class singularity.
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