SO.....Mr. Madoff has spent his first night in jail. Here are a few questions I thought are worthy of discussion:
"Prosecutors gave assurances they are investigating Madoff's wife and other family members and employees to determine what role, if any, they played in scam." (from the linked article)
DO YOU THINK HIS FAMILY'S INVOLVED?
"Prosecutors have already said low-level employees in Madoff's New York offices participated by mailing out tens of thousands of phony monthly statements and trading confirmations to make it look as if customers were making money in the market."
IMAGINE HOW COMPLICATED THIS PONZI SCHEME WAS? COULD THESE LOW-LEVEL EMPLOYEES GO TO JAIL, TOO??
"Gibbs said the Obama administration will do everything possible to ensure strict enforcement of securities regulations "and hope that through those actions that that kind of greed and irresponsibility and that kind of criminal activity never happens again."
AND, DO YOU GET THE FEELING THIS HORRIBLE SITUATION JUST COULDN'T HAVE COME AT A BETTER TIME FOR THE OBAMA PEOPLE?
I feel a little badly if I walk by someone, didn't at first realize who it was, and hadn't said hello! I'm trying to figure out how I could show my face and, more importantly, LIVE with myself, if I'd wiped out the savings of trusting friends. Well, Madoff will sure be living with himself the rest of his life, in a cell, huh? WHAT a story........
(Kevin Bacon was one victim, so Elmer's Brother knows how I FEEL about this!)
z
