Madoff’s Regrets
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.
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
Wait, before you go…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.”
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
Support Truthdig
Lessons learned from the 2008 financial crisis show that taxpayer-funded blank checks to institutions do nothing to help those struggling
If the president wants the federal government to be able to borrow cheaply, there are far better options than negative interest rates.
"I can think of no matter of 'intense public interest' about which 'the American people deserve the details' than the issue of what precisely happened to the criminal referrals that followed the 2008 crash."
Great Britain’s decision to leave the European Union presages perhaps another global financial meltdown. Banks will again demand massive bailouts. We will be forced to again swallow austerity measures, and there will be a continued decline in living standards.
There are currently no responses to this article.
Be the first to respond.