BYE, BYE, BERNIE: 'Sorry and ashamed' Madoff denied bail and ordered to jail after guilty plea

[notadmblnd]

Thursday, March 12, 2009 1:17 PM EDT

By LARRY NEUMEISTER and TOM HAYS
Associated Press Writers

NEW YORK (AP) — Saying he was “deeply sorry and ashamed,” Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs after his seething victims applauded in the courtroom.

U.S. District Judge Denny Chin denied bail for Madoff, 70, and ordered him to jail, noting that he had the means to flee and an incentive to do so because of his age.

DeWitt Baker, an investor who says he lost more than a million dollars with Madoff, called it “fantastic” that Madoff’s bail was revoked but brushed off the apology.

“I don’t think he has a sincere bone in his body,” said DeWitt, who noted that prison time would be too good for Madoff.

“I’d stone him to death,” he said.

http://www.theoaklandpress.com/articles/2009/03/12/news/doc49b92a699957d767706620.txt

Now, take his money.

[seemslikeadream]

1. I guess he didn't give up enough names?

R.I.P.

Monsieur Rene Thierry Magon de La Villehuchet.


Dead men tell no tales





Bernard Madoff, the Mafia, and the Friends of Michael Milken

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=5225665

[guitar man]

2. good

now seize every last dollar and asset the Madoffs have and distribute the proceeds back out to the victims. Every last penny!! :grr:

[notadmblnd]

3. here's the last line from the artticle

In addition to prison time, he said Madoff faces mandatory restitution to victims, forfeiture of ill-gotten gains and criminal fines.

[guitar man]

12. yes!!

:bounce:

he should have to forfeit ALL his assets.

[backscatter712]

4. Stoning to death is a good start.

I'd suggest an African-style necklacing.

Scratch that. He's a Wall Street crook. That means the best punishment for him would be the Brazen Bull.

[redqueen]

6. No, he should live out the rest of his life, and I hope his years are long

I just hope they take away every cent that rat bastard has... including all the ill-gotten gains he moved to his family members as well.

[backscatter712]

7. In theory, he has to pay restitution to his victims.

At least that's what the judge ordered. Along with forfeiture of any ill-gotten gains. Of course, he's probably squirreled all that money away in places like the Cayman Islands, where investigators can't touch it.

[Thothmes]

51. Another portion of the Constitution bites the dust.

[redqueen]

If he was sorry and ashamed

he wouldn't have been moving all that money around to his family so that he could keep it.

[havocmom]

8. EXACTLY!

Remorse for theater.

[dysfunctional press]

10. it's possible to be sorry and ashamed, but also trying to look out for his family.

i don't think that he harboured any illusions of getting out of a LONG prison sentence(life+ for all practical purposes), but wanted to provide some type of security for his wife.

he probably didn't start out intending to defraud people for pretty much his entire career, but the hole he dug got too deep- so ultimately he decided to just keep digging...:shrug:

[redqueen]

11. He stole more money than any individual in US history by accident?

:wtf:

Sorry, I don't get it.

And no, I don't give him a pass for trying to set his family up for life with stolen money.

[dysfunctional press]

14. i didn't say that he stole it all by accident.

i'm saying that he didn't necessarily start out intending to defraud people- but got so far into the hole that he had no other choice(other than copping to it early on and taking his punishment when it was all a lot costly to so many). and i'm not saying THAT'S a fact either- just postulating.

and even heartless thieves are capable of being a loving spouse and parent.

[redqueen]

18. *other than copping to it early on and taking his punishment *

Precisely. If one is truly sorry for doing wrong, they stop. Unless they're insane, which he is not.

As for being a loving parent, that is neither here nor there, so I don't know why you're bringing it up.

[dysfunctional press]

20. "If one is truly sorry for doing wrong, they stop." bullshit.

not if they think that they still have a chance to make it right. human nature is a bitch...:shrug:

as far as the loving spouse/parent thing go- the reason that it's both here and there is because it's very likely that a lot of the money that's been squirreled away was intended to provide for them once the jig was up for bernie himself.

[redqueen]

23. Are you kidding?

So you're saying he thought he'd be the first person ever to make a Ponzi scheme work so that everyone comes out OK?
:wtf:


As for him stealing money for his beloved family... you're not making any progress. You just keep repeating that he was hiding stolen money for his family. That doesn't change anything. Not a thing. So, again, it is beside the point.

[dysfunctional press]

29. i'm saying that maybe he didn't start out intending to create a ponzi scheme...

and had initially hoped to cover the losses, until it was too big and out of hand to do so.

"As for him stealing money for his beloved family... you're not making any progress..."
i guess i'm not sure what you're looking for, then...it seems that you're the one with the comprehension difficulties...

you wrote:

"If he was sorry and ashamed he wouldn't have been moving all that money around to his family so that he could keep it."

my point is that he may not have been moving that money so that HE could keep it- he most likely knows that he won't be a free man again- EVER, and knew that the day of reckoning would be coming at some point- but he wanted to see to it that his wife/family could keep on with their lives after he was out of the picture.

i really don't see what is so difficult for you to understand about that...:shrug:

[redqueen]

35. So are you psychic or what?

Do you KNOW that he's some innocent soul, who just got caught up in a Ponzi scheme?

Do you KNOW that it wasn't a Ponzi scheme to begin with?



As for reading comprehension issues... yes, mea culpa... I shouldn't have said "so that HE could keep it"... clearly that completely obscured the point that if someone feels guilty about stealing money then they fucking give it back.


What utter drivel. :eyes:

[dysfunctional press]

37. no- are you?

you seem to have no problem determining what people are thinking or what drives their actions.

i never said that i KNOW anything about it- and i didn't say that i did. do you even understand the meanings of the words "maybe" or "perhaps"...? :shrug: it sure doesn't seem like you do...

"If you feel guilty about stealing money you fucking give it back." :rofl: :rofl: :rofl:

not if you don't have it, you don't. most of the money he 'stole' from investors was paid out to other investors as dividends- that's how ponzi schemes keep going.

btw- does that also mean that we don't have to pretend that any of us feel guilty about what was stolen from the native americans, anymore?

[redqueen]

41. You're bending over backwards to pretend this guy is actually sorry.

Yeah... *roflle* indeed.

This is clearly a waste of time.

[dysfunctional press]

44. i never said that he actually is- i said that he could be.

you're the one dealing in absolutes- like an absolute moran.

[mrbarber]

57. And your defending someone who stole millions of dollars from people...

And pretending that it was all just an accident, and that he's a loving father and husband, and yadda yadda yadda.

The man is a ruthless criminal who is only sorry because he got caught, and his wife is just as bad as he is. So spare us your hand wringing and hero worship of this criminal.

[snake in the grass]

24. Who gives a fuck?

Really. He and his family should be stripped of all assets. The properties and the possessions should be auctioned off and his family should move to a trailer park in Kentucky. They can survive by getting real jobs and doing real work (like the rest of us)for a change, and for that, they should be thankful. As for Madoff, he should be allowed to leave prison feet first.

[dysfunctional press]

31. who was talking to you, anyway...?

:shrug:

[redqueen]

36. It's a discussion board.

That means more than one person can respond to posts.

[dysfunctional press]

38. exactly.

[redqueen]

42. ...

:crazy: or :dunce:

[dysfunctional press]

47. don't be so hard on yourself.

...

[snake in the grass]

39. Is that all you have?

Well, while we're at it, who asked you for your opinion?

See how ridiculous your question was?

If, during a bank robbery, the robber's gun goes off accidentally and kills someone, do they drop the murder/manslaughter charge against him because it wasn't his intention? It plays no role what Madoff's intentions were. He did it and he should pay for it.

[dysfunctional press]

40. "Well, while we're at it, who asked you for your opinion?..."

on that particular post...? redqueen.

if, during a bank robbery, the robber's gun goes off accidentally and kills someone, do they drop the murder/manslaughter charge against him because it wasn't his intention?

anytime someone dies during the commission of a felony, it's considered murder, intentional or not.

[redqueen]

43. Oh for fuck's sake.

In that example, I would have been the one asking YOU who asked you for your opinion, after you responded to me.

And in case it's not clear to you... no, I didn't ask you to respnod to my post.

Unfuckingblievable.

[dysfunctional press]

45. you asked me a direct question n your subject line...

which is a clear invitation for a response...

"Unfuckingblievable" is right. :eyes:

[redqueen]

49. This is my last response to you.

Did I ask you a question here?

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5238919&mesg_id=5238982

Do you get it now, finally?

[dysfunctional press]

50. you promise...?

you definitely asked me one here:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5238919&mesg_id=5239042

Do you get it now, finally?

get what? :shrug:

[CTyankee]

13. Don't waste any tears on Mrs. Madoff. She's probably all set, altho she shouldn't be.

She should not receive any of his assets. They are ill gotten gains. She must suffer too. AFter all, she stayed with the guy when she must have KNOWN he was up to no good. Any decent woman would have left him...

I'm pretty steamed up right now. If I sound vindictive, it's because I am right now...I just can't get Eli Wiesel out of my mind and all of the little people Madoff hurt so badly...

I truly don't know about his intent and you know what the road to hell is paved with. He did and continued to do terrible things to innocent people. When do you say "Enough"?

[dysfunctional press]

15. i'm not shedding any tears for her- and i've not followed it close enough to know ANYTHING about her

but i can see it being VERY possible(tho not as probable) that she was unaware of what was going on. some wives prefer to be completely detached from their husband's business dealings, and he also could very easily have been shining her on as well. the evidence should be able to determine how well she was connected to it all.

[CTyankee]

32. Ihear what you are saying and I know I am being presumptively judgmental.

That's why I explained that I was writing in a fit of anger. We must indeed let the law work its way and see what is discovered...

[malaise]

21. She was his fucking book-keeper

She's heading for prison as well.

[notadmblnd]

56. I read somewhere that she's hired a lawyer

[notadmblnd]

17. Sorry he got caught and ashamed that his esteemed pals know he's a fraud

If sombody hadn't ratted him out, he'd still be going along his merry way.

[redqueen]

19. Yep. Still stealing as much as possible.

With not even an afterthought about how it might affect anyone else.

[redqueen]

5. delete

dupe

[earth mom]

9. Make no mistake: Madoff is NOT sorry, nor is anyone else sorry on Wall Street or in Washington DC.

They all got theirs.

:grr:

[Javaman]

16. 6% of bernie madoff.

since Kevin Bacon lost money to madoff, it appears to me that that is a game changer.

[goclark]

22. Send him to the Hague with BushCO

AFTER he spends time in the slammer to see how it feels.
He is less than dirt.

[Thothmes]

52. Fraud is not a war crime. The Hague does not have jurisdiction.

[goclark]

58. I understand but I still want him put on trial for all to see

No degree of punishment would be bad enough for him to endure IMO.

[SeattleGirl]

25. He's only sorry he got caught.

Asshole.

[lpbk2713]

26. One down and thousands to go.

When I see the BushCo Regime criminals in orange jumpsuits ... then I'll know we're making real progress.

[BuyingThyme]

27. Isn't this whole thing a little fishy?

Indicted, tried, confessed, and jailed all in, what, a few months?

WTF?

[TwixVoy]

It's called a public show

now the media can say justice has been swiftly served and all is well.

[TwixVoy]

28. It's called a public show

now the media can say justice has been swiftly served and all is well.

[CTyankee]

33. While that is true, it is also true that the public would not stand for him to be sent back

to his luxiourious high rise in Manhattan.

We'll see what happens next, won't we?

[notadmblnd]

30. His bail was revoked because the judge thought he might flee.

He pleaded guilty without a trial. He hasn't been sentenced yet, so no.. I don't find it fishy yet.

[dysfunctional press]

34. not at all...and he wasn't "tried"- he simply pled guilty, so the trial is unnecessary.

and he has yet to be sentenced for it all.

but- it doesn't mean that any investigations are over, or that nobody else will be tried and/or sent to prison.

[graywarrior]

46. Where's his money?

[ecstatic]

48. I hope his wife and kids are at least sued.

All of them are crooks.

[midnight]

53. Why does this criminal have to go to jail, and the other's get bonuses?

I just don't understand what type of justice is served by this one going to jail, but the others are still living lavishly with our tax dollars?

[redqueen]

54. Cause he's the fall guy.

That's how it works.

[Imagevision]

55. If they would have denied bail to Ken Lay? He wouldn't have been able to pull off his heart attack

[lib2DaBone]

59. Where did Bernie stash the $50 Billion?

He will be out on appeal in one year. Look at Ken Lay and Enron.... Kennyboy never did a day in jail....(before he died) George W. Bush Flourished, Wall St Bankers promoted the Real Estate Bubble, and we sunk into 8 years of an endless war that (the tax payers could never afford.)

And the band plays on.....