Bernie didn’t get the 12 years he was hoping for, instead going downtown for 150. Effectively a life sentence, though spawns of satan tend to live longer than the rest of us so no promises he won’t get out in 2159 and live the greatest 3-5 years of his life. We don’t yet know where he’ll be bunking, but even if it’s the hardcorest of FPMITA prisons, I don’t see him having that bad a time, and in fact possibly downright enjoying himself. It’s not like he’s some young guy who’ll be all regretful about not getting to live a full life, and up until December, he had a pretty great run, what with the vacay houses, yachts and for pay handies. So. Putting yourself in Ponz’s shoes:
Comments (31)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
And a third time!!!!
Berns
He should’ve had a Brazilian beach house on standby. Fuckin’ rook.
please do not discount that I was looking for away to get away from Ruth anyway. this sentencing could not have come at a better time.
Like the Fed, Bernie had no exit strategy. Maybe that’s the lesson to take away from all this… uh oh!!!
It’s ok…he already has started his Andy Dufresne plan…he’ll be sitting on the beach in Mustique in no time…..
i had this conversation earlier and we determined that the Maldives would be the best choice for both beauty and lacking an extradition treaty with the U.S.
Rwanda a close second. Rebels are beautiful this time of year.
I am very confident he will be out of prison in a few years. In a box, but still…
@ 6 — it’s too too fundie muzzie there
“I don’t see him having that bed a time”
I was really picturing it happening in the shower…butt thats me
Just hired Ruthie as my secretary and plan on pounding her in the ass within the hour.
Jefferies killin it
Hey I just heard the Michael Jackson is in the Hospital. Is he okay? Has anyone heard anything?
-Bernie
Too bad he’s not younger
I was positioned for the Mar-May rally. If I hadn’t been arrested everything would have been cool.
B.M.
Hey I just heard the Michael Jackson is in the Hospital. Is he okay? Has anyone heard anything?
-Bernie
Natch, he’s a sociopath. To him everyone’s just a mark. His only regret is getting caught. Giving him the max sends a strong signal, but unfortunately sociopaths don’t operate on the same frequency as the rest of us.
“You see what happens Bernie? You see what happens when you fuck a stranger in the ass? This is what happens. You see what happens Bernie?!?!?!”
“The investors who sunk money into Madoff’s funds were not choir boys/girls either. The rates of return were too good to be true. But, his clients were not interested in knowing how his “fund” worked. They were interested only in the return. As Warren Buffett said, I never invest money in things that I do not understand. None of these investors understood what he was doing. He preyed on his own ethnic/religious group and they all fell for it presumably because they shared that common background. Still, he got what he deserved. Look at it this way, because of his actions, two people comitted suicide. He is responsible for those deaths and I suspect the Judge factored that into the sentence as well. Madoff was a modern day bank robber who used technology and other people’s greed as his weapon. Dillinger used a gun.”
http://abovethelaw.com/2009/06/breaking_madoff_sentenced.php#comments
Character is crucial.
As always, Point Break brings it home for us:
“If you want the ultimate, you’ve got to be willing to pay the ultimate price. It’s not tragic to die doing what you love.”
-Bodhi
@17
Just because those two who offed themselves didn’t do jack squat diligence is not Bernie’s fault; it is their own.
But no one has answered the question: given the choice, would you pick a life where you’re like an emperor for 30 years but then fall hard and fast at the end. Not me. Boats, beach houses, NY penthouses are nice but I can do without them. Anyone feel differently?
“Spawns of Satan.” He does have the Damien smile (talking Harvey Stephens, not Sam Neill). Did he flash it over his shoulder as the marshalls lead him from the courtroom?
“Effectively a life sentence, though spawns of satan tend to live longer than the rest of us so no promises he won’t get out in 2159 and live the greatest 3-5 years of his life” – Reminds me of the old twilight zone episode – the escape clause.
@21 = maxine waters
Let’s not underestimate how hard Bernie worked to perpetuate his fraud. He built it from the ground up. Especially in the early years I bet there were many late nights pitching clients. After that there were the handjobs. The similarities between making it the wrong way and making it the right way are eye-opening.
@25 you’re right, he worked so hard, we should give him a little more credit for the late nights at the office.
I can’t cast a vote even in jest. I manage other people’s money and I can’t think from Bernie’s perspective. My mind doesn’t compute knowingly robbing people – and I think that’s true for most of us in this business.
Although, I have to say, the people who had their entire life savings with Bernie were pretty stupid. Even if some of them weren’t sophisticated enough to understand that the returns were inconsistent with the options strategy he claimed to employ, they should understand that it’s dangerous to put all your eggs in one basket. Even if Bernie were not a fraud, he could legitimately lost all their money in the normal course of business. Happens all the time.
I voted “other” meaning “I find it impossible to put myself in the place of a soulless and probably dickless psychopath.”
Which may be why my anus remains of only normal diameter.
Not that I’m bragging.
I voted with notnasser. I’m scared to mention the classic (and perhaps too classy) opinion of Socrates, Plato, Jesus and many many other philosophers that it is much more painful than people think to be rich, powerful and enslaved to one’s own dull boring psychotic inner nature and to living endless lies. That basically means one really has no family and really has no friends. I’ll mention it anyway. The best he could do with all that was Ruth and handies? Wow.
were his investors really that indifferent as to not want ALL of the people who were in on it (including quite possibly his sons) behind bars (as opposed to just the head honcho who’s almost about to kick it anyway who agreed to take the fall to serve it martha stewart style)? no wonder they got jibbed. i wouldn’t have settled for anything less than jack bauer (or waterboarding in lieu of, or in addition to, depending on your tastes).
Is there some kind of posthumous statute of limitations on massive Ponzi schemes?
– Franklin Delano Roosevelt