Quote:
Originally Posted by Trample the Elderly
I don't feel bad for the victims that much. I mean I do feel for them. There was a guy on the radio who lost everything. What I'd like to know is where was the oversight? He didn't get caught until he ran out of steam? I bet if they did a proper investigation then they'd have turned up a lot of corrupt people. It is hard for me to feel bad for greedy people but you know what. . . . stealing is stealing. I don't care if they were rich or only had two pennies to rub together. Bernie I hope you rot in pound you in the a** prison for the rest of your natural life.
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What would make someone greedy if they had purchased an investment that was providing great returns on their money? I'm like you and would love to know how he got this over on the SEC for so long. Well after I typied that last sentence and thought I'd try and look it up. Here is a good article on how this got by the SEC. The best thing about the article is a link at the bottom of the page that reads " How To Start A Ponzi Scheme". I think part of the problem is that he was so well known even after the SEC look at his books and did not find anything they just stopped looking because he was so well known on Wall Street.
Why The SEC Missed Madoff - Forbes.com