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Ear to the Ground

Madoff’s Regrets

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Posted on Oct 27, 2011
Madoff
AP / Louis Lanzano

Bernard Madoff exits Manhattan federal court in 2009.

Ponzi schemer Bernard Madoff’s got nothing but time as he serves his sentence in a North Carolina prison for defrauding a vast network of clients out of billions of dollars, and he’s apparently not averse to spending some of it sitting for interviews that aren’t likely to help his standing much. Take his latest session with ABC that ran on Thursday, for example.  —KA

AFP via Google News:

Madoff told ABC television that while he suffers from “horrible nightmares” in his North Carolina prison cell and feels despair over his estrangement from family members, he “can live with” the anger of people he defrauded.

“Not seeing my family and knowing they hate me” is the worst thing about being in prison, he said. “I betrayed them.”

Asked what he’d like to tell his grandchildren, he said: “I am sorry to have caused them pain.”

But Madoff seemed far less troubled about the plight of the clients who had trusted him with their life savings, many of whom lost all they had.

“I understand why clients hate me. The gravy train is over. I can live with that,” Madoff said.

“The average person thinks I robbed widows and orphans. I made wealthy people wealthier.”

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PatrickHenry's avatar

By PatrickHenry, October 28, 2011 at 4:40 pm Link to this comment

My only gripe is why his wife is not in the cell next to him.

She shared in his ill gotten gains and had to be a complete dumbass for not knowing his affairs better.  Her money deserved to be taken as well.

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By SarcastiCanuck, October 28, 2011 at 8:41 am Link to this comment
(Unregistered commenter)

What a great guy,best of luck Bernie….from:The Narcissists Club of America.

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By SoTexGuy, October 28, 2011 at 5:07 am Link to this comment

Poor Bernie!

And poor us! This clown and his shenanigans, inside and outside his cell, still occupying the minds and airwaves while the huge transfer of wealth from average people to the top oligarchs continues.

His was the biggest Ponzi scheme? In what deranged reality? Ever hear of Enron? .. what about the Ponzi scheme that is our Government? Taking taxes and giving that to contractors for services unknown at prices unknown for the purposes of (unknown)? then printing money to cover it!?

And OH! .. the lavish praise and more to the increasingly inane BaBA Walters for being the only one who could secure such an important and ground-shaking interview! A clown talking with another clown! Really.. add the big red rubber noses and who would mistake that for news or them for important people?

Holy macaroni! How much can our society and way of life withstand until we implode?

Adios!

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By Jones, October 27, 2011 at 4:55 pm Link to this comment
(Unregistered commenter)

The more you learn about how these people think, the harder it gets to deny that they are literal sociopaths.

http://telesio.wordpress.com/2011/10/19/follow-the-leader-disaster-is-just-another-word-for-opportunity/

They have no conscience, no qualms about deception, and the only human emotion they understand is ego-gratification.

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caped amigo's avatar

By caped amigo, October 27, 2011 at 10:38 am Link to this comment

Bernie can be as contrite as needed to mitigate his mental anguish. He better convert to Catholicism,and confess his cosmic sins for relief.
No matter what his new awakening is, he owes a lot of people a lot of money for his greedy actions. He should rot in prison.
I’m glad he stays in the news. We need constant reminders about Wall Street greed. I like seeing the fat cats wince.

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By Jim Yell, October 27, 2011 at 10:16 am Link to this comment
(Unregistered commenter)

Why one might ask why have the family fortunes made by Bernard’s theft not been seized to pay the people who lost their savings? I don’t think that the supposed interest should be given to the investors, but as much of their actual cash that was invested should go back to them and it should come from the ones who “made off” with the money aka as in his family.

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By berniem, October 27, 2011 at 9:53 am Link to this comment

The only difference between Madoff and the sundry banksters still ravishing the economy from “Fortress Wall St.” are the status of the clients that were screwed! You can rob the masses of billions but don’t dare beat Mike Bloombergs of the world out of a few thousand bucks!

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