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Madoff: New York Times article
Old 02-16-2011, 02:03 PM   #1
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Madoff: New York Times article

I thought this insight was interesting, and hope others who don't have access to the NY Times might, also:


http://www.nytimes.com/2011/02/16/bu...mc=rss&src=igw
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Old 02-16-2011, 02:09 PM   #2
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An excerpt from the article:
In his first interview for publication since his arrest in December 2008, Mr. Madoff — looking noticeably thinner and rumpled in khaki prison garb — maintained that family members knew nothing about his crimes.
But during a private two-hour interview in a visitor room here on Tuesday, and in earlier e-mail exchanges, he asserted that unidentified banks and hedge funds were somehow “complicit” in his elaborate fraud, an about-face from earlier claims that he was the only person involved.

And:

In many ways, however, Mr. Madoff seemed unchanged. He spoke with great intensity and fluency about his dealings with various banks and hedge funds, pointing to their “willful blindness” and their failure to examine discrepancies between his regulatory filings and other information available to them.
“They had to know,” Mr. Madoff said. “But the attitude was sort of, ‘If you’re doing something wrong, we don’t want to know.’"



The costs of Bernie Madoff go well beyond the tragic stories of his investors...it also includes the loss of faith in an industry that already struggles with policing fraud and dishonesty. It costs us all in regulatory oversight expenses, limitations on legitimate hedge funds and limited partnerships, and countless other ways we've yet to see. He's filth and I hope his son's death haunts him forever.
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Old 02-16-2011, 04:30 PM   #3
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I just wonder how Madoff could have been so short-sighted that he didn't realize the rejection by society of his sons once his ponzi scheme was revealed.

Don't you wish you could get inside his brain and find out if he feels now that it was all worth it? I would.
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Old 02-16-2011, 04:32 PM   #4
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I read this article this morning and thought, "Still a narcissist, has learned nothing".
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Old 02-16-2011, 04:33 PM   #5
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I doubt he has any remorse either for his acts or anyone. More likely thinks, had a good run, now time to pay the piper.
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Old 02-16-2011, 05:29 PM   #6
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How....sociopathic...
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