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Saturday, July 4, 2009

Madoff Gets 150 Years

Bernard Madoff who headed a $65 billion scam has got a 150 year jail sentence. The BBC reports that he has pleaded guilty, though he has 10 days in which to appeal the ruling. To be honest I´m glad. Some think it´s only money, but I compare this to the Enron scandal in which a great many people at the bottom of the pile, who in good faith believed their money was safe came away with nothing. This ruins lives, while those at the top very often often get away with a heavy fine that they easily have the means to pay or a short stint in jail, which given the backslapping and buddy culture means they´ll still come out relatively unscathed. Bernard deserves all he gets.

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