Legal, Satire, Trifling Person of the Week

TPN‘s Trifling Person of the Week

bernie-madoffBernard Madoff

He ruined the lives of thousands of people, scamming the very rich and the very middle class (most of them my people, from my mother’s side), to the tune of $64.8 billion. He pleaded guilty this week and faces 150 years in a jail. I’m hoping his trifling ass spends most of that time as a boy toy for a sweaty bear of a man named Bubba.

—Craig Bates

© 2009 The Peoples News

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4 thoughts on “TPN‘s Trifling Person of the Week

  1. Are you kidding me? He is not going to a real prison is he? Isn’t he going to one of those spa prisons? This was a white collar crime… I think he is going to be playing bridge with lawyers, doctors, and bankers, just behind bars. He is after all really sorry and not a single other person, not even his wife, knew what he was doing. When it comes to punishing these kinds of people – the government can be pretty trifling too.

    Posted by Renee | March 13, 2009, 12:11 pm
  2. This whole case stinks. Read up on the connections between the Madoffs, the attorneys, the SEC, the Judiciary, etc. I read the Wikipedia article yesterday and it seemed that every time someone new came into the narrative they were the nephew, son-in-law, and ex-business partner of everyone else.

    Madoff was a bigshot in brokerage “self-regulation” while he was robbing his clients. Shockingly, “self-regulation” doesn’t seem to work! Not in this case, not with the hedge funds who while technically legal still immorally have robbed the US taxpayers at gunpoint, not with industrial pollution, not with common criminals, or even with speed limits. Evey time you hear “self-regulation” replace it with “no regulation”.

    Several folks who were given evidence of fraud, and who could have investigated, and were required by law to investigate crimes, chose not to. They had money invested with Madoff, of course, and I’m sure the thought crossed their minds that if they investigated they might lose that money.

    Plus many large banks etc. who knew better thought that Madoff’s crazy profits were a result of him being crooked and doing insider trading, front running, etc., and they invested no only in spite of it but because of it! Well, it turns out he was crooked indeed, but not the way the bankers thought.

    Is there any aspect of this case that doesn’t stink? Hmm … well Bernie might go to jail. Might. He hasn’t been sentenced yet, and white collar criminals are typically only required to return a small fraction of what they stole, for restitution and fines. What about his sons, who so bravely turned in their own father? HA! The whole Madoff clan was in on this. Bernie saw the writing on the wall and figured if he had his sons blow the whistle, maybe they would escape criminal charges.

    So in conclusion, over $50 billion-with-a-b were stolen by dozens of criminals in a conspiracy. I doubt even 1% of that will be recovered. The oldest member of the criminal clan decided to take the fall for everyone, and he may even see the inside of a very nice jail cell full of other friendly old white collar crooks. Yet somehow, people think this is a great triumph of justice, a win for the people? What a farce.

    Posted by TJ | March 13, 2009, 3:25 pm
  3. It’s a small triumph indeed for the many, many people that lost everything they had, even after a lifes’ work. Farce, maybe, but it’s the ONLY satisfaction many people will receive from this.

    Posted by Daymon The Basketeere | March 21, 2009, 11:39 pm
  4. I noticed that this is not the first time you mention the topic. Why have you chosen it again?

    The Peoples News responds: If you’re referring to the ‘trifling’ aspect, that’s because “Trifling Person of the Week’ is a regular feature. This, however, is the first time we’ve written about Madoff.

    Posted by Ex Boyfriend | April 9, 2009, 4:44 am

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