Showing posts with label Bernie Madoff. Show all posts
Showing posts with label Bernie Madoff. Show all posts

Monday, June 29, 2009

Bernie Madoff

WHITECOLLAR REDNECK
Now, I've heard a couple people remark that a 150 year sentence, the maximum the judge was allowed to impose, seems excessive for an old man who's going to be dead in a few years anyway. Some of those people have pointed out that a lot of the victims of Madoff's crimes either knew or should have known that something sketchy was going on, and I suppose there's some truth in that.

But to me the most striking aspect of Madoff's guilty plea, and the aspect that makes him deserving of the maximum punishment allowable, is that he's provided exactly zero help to investigators. Sure, he's admitting his guilt, after it wasn't possible to hide it anymore. But he hasn't said word one about who helped him, how much various other figures knew, where the money went, or how he orchestrated it all. A truly contrite man, one deserving of mercy, would have come clean about everything. And a man who's not at all contrite, who only admits what can already be proven and offers nothing more beyond, seems like a man at whom the book ought to be thrown.

So Bernie, we'll see you in 2159 - you can watch the NBA finals at my place.