Posts Tagged ‘accountable’

Bernie Madoff Sentenced Today

Monday, June 29th, 2009

So Bernie Madoff was sentenced earlier today to 150 years in prison. The judge said he wanted this sentence to be symbolic and to make a statement. I believe that this sentence alone falls very short of doing that. If you wanted to have a sentence that was symbolic and would keep people from doing this in the future. The sentence should have been to have Bernie Madoff publicly beheaded. This fucker spent 20 years robbing people as he made nice to their face. He sat with them, ate dinner with them, lied right to their face and happily took their money to pay off existing investors. He shouldn’t be spending the rest of his days in prison. He should be drawn and quartered right in the middle of wall street.

That still wouldn’t be enough though. His entire family needs to go to prison too. His wife played the part of the woman who never knew the man who was doing this. She said she was embarrassed and ashamed by what her husband did. BULLSHIT! This fucker has been stealing from people for 20 years to provide an extravagant lifestyle for himself, his wife and his family. They knew what was going on. There is no way you spend 20 years with someone making that kind of money this guy made, year after fucking year and not know what is happening or at the very least questioning how it is happening. Especially when you are seeing unprecedented returns year after year while everyone else is watching their portfolio shrink.

Which brings me to the next part of my rant. There were two types of people affected by what this piece of shit. There are the people who were friends with Bernie Madoff. The ones who sat down with him face to face and handed him checks for millions of dollars. Some of them have been with him from the beginning like the woman I watched on CNBC this morning crying about how her and her husband have lost 80% of their wealth because of what Madoff did. Or the guy who took his inheritence and invested it with Madoff so he could live off of it rather than work for a living. They handed him money and watched as they got amazing returns on the money year after year.

Then, there are the people who worked for a living. The ones who scrimped and saved so they could grow old and enjoy their golden years. They invested their money with brokers who put the money into feeder funds that placed that money with Bernie Madoff.

As for the first batch of people. Go Fuck Yourself! You gave this fucker money and for years have been making money off the backs of other and are now crying because you have seen your wealth diminish. How much of the wealth you have watched diminish was because of the scam this fucker was running? Year after year you sat down with this scamming prick and laughed at how amazing the returns were that you were getting. The woman on CNBC who said her and her husband lost 80% of their wealth said she felt betrayed and disgusted. She said they were friends with Bernie and Ruth Madoff for 25 years. So, they were most likely investing with them from the beginning. She was crying about how her family is living in survival mode. How they have had to sell two houses and move twice. Well, aren’t you fucking special, you dumb cunt. Go cry me a river. How many houses did you by with the returns you got from your Madoff investments? How many cars? How many vacations did you take? Now you are crying because you should have known better all along? You should have been asking questions about the unprecedented returns you were seeing year after year. Instead you were laughing all the way to the bank. There are alot of people like her and her husband who I feel are equally responsible for what happened. These are the people who knew Bernie Madoff. There is no way they didn’t know what was going on or at the very least questioned how it was that they were getting these huge returns. But they brushed off those questions because they were happy to be getting all this money. Building amazing wealth off of their investments with Madoff year after year and now that its gone they are crying because they have to cut back. Maybe sell a house or two. Possibly sell one of their 5 cars or take 4 trips instead of 6 trips this year. Again, to these people… I say GO FUCK YOURSELF! You are the people that are responsible for what this man did. YOUR greed made this happen. You were more than happy to have the money being handed to you without question. You accepted it, you spent it, you built a lifestyle around it. Even though you knew it shouldn’t be happening. You people dont deserve restitution. You got yoru restitution and spent it happily. YOU should be in jail right along side Bernie Madoff.

Now, there are the other folks. The ones I really feel for. The people that worked their whole life, they saved, they made hard decisions on whether to take a vacation with their kids or tuck the money away for their retirement. They drove the same car for 15 years and lived in the same house for 50. These are the people who truly got scammed. These are the people that deserve restitution. They deserve to get all of their money back and then some for the bullshit they have had to deal with because of this scamming fuck and the greedy pricks I mentioned above. Where do I think they should be getting this money from? Bernie Madoff? Well maybe. But more than him, I think they should be getting their money back from the feeder funds. Just like the guys who invested directly with Bernie Madoff, the people that ran these funds knew what was going on. They are just as responsible for what happened. These are all people who are supposed to know how this shit works. They are supposed to understand investments. The are the ones who should know when someone is doing something that is shady because it brings in unprecedented returns year after year. They held out their hands and took the money from the smaller investment firms and then fed the money right to Bernie Madoff all the while taking a hefty percentage of the returns that were made. These are the people who now need to be prosecuted. They are the ones who need to have everything they own liquidated so that the money can be returned to the people that really did lose everything because of this scam.

Beyond all of this. There is without a doubt that Bernie Madoff put money aside for his wife and family. He put money in all kinds of accounts. Cash with people he trusts, gold in places only his wife knows about. Etc… So, the government better do its job in this case and follow these fuckers and when they try and use this money, whether it is 10 months from now or 10 years from now they better be there to lock the fuckers up right next to the king cocksucker.

Bernie Madoff needs to be hanged and drawn and quartered in the middle of Wall Street. Ruth Madoff and the Madoff children need to be locked up because there is no way they didn’t know what was going on. The guys who invested with Madoff directly and those who ran the feeder funds need to have all of their assets liquidated and be thrown in jail because they also knew damn well what was going on or at the very least that something shady was happening and they need to be held accountable for their actions in funneling money to Bernie Madoff and happily accepting their returns even though they knew they shouldn’t be getting returns like they did.

This one thing will help curtail this sort of fraud in the future because unless the people that perpetrated this (the ones who knew something was happening that shouldn’t be happening but said nothing because they were greedy fucks) are held accountable, the next person like Bernie Madoff that can run a scam like this will have lots of greedy cocksuckers ready to hand him fistfuls of money, as long as they are getting huge returns from it, without asking any questions.

There is also one more group of people that need to be held accountable. They are a group of people that need to be hanged, drawn and quartered right next to Bernie Madoff. They are the government regulators that were supposed to be monitoring people like Madoff and ensuring that he was legitimate. These people failed the taxpayers of this country in a way that should never have happened. What these regulators did should be considered treason and they should pay for their crimes with their life. We have way too much fraud happening in this country anymore and a lot of it is because the people who are supposed to regulate it are all to willing to turn a blind eye as long as they are getting their pockets filled in the process. This shit needs to stop and it needs to stop now. The people that really got screwed from this scam need to stand up and borrow a line from the movie Network and start screaming at the top of their lungs “I’m as mad as hell, and I’m not going to take this anymore!” and then call for the heads of everyone and i mean EVERYONE who was responsible for this scam.

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