MADOFF...A Legal Disgrace....

[rsmith6621]

....and injustice.........if you and I shoplifted a shirt from a store this afternoon or got caught pickpocketing someone do you think the law would wait as long to charge and indict us....I dont think so...what the hell are they afraid of????

[Lasher]

1. Expensive lawyers.

They're employing the Ken Lay defense.

[Frustratedlady]

6. Yeah, and if he "dies" on the same time schedule as Lay...

I'll be very suspicious of both of them.

They could have an "Old Boys' Club" to beat all.

Man, am I getting paranoid, or what?

[Lasher]

9. Just because you're paranoid it doesn't mean everyone isn't out to get you.

There actually doesn't have to be a secret hiding place for these despicable criminals. Lay hid out in plain view, delaying retribution all the rest of his life. When when he died, as everyone does, the case was null and void. All his plunder resultantly went to his heirs, who will now live forever in opulent luxury at the expense of so many victims. I can think of no worse travesty of justice.

Delay in justice is injustice. - Walter Savage Landor (1775 - 1864)

[Warpy]

2. If anything good comes out of this mess

it will consist of blowing the lid off the Wall Street insider's club known as the SEC.

That agency has been overdue for oversight and restructuring for decades.

[LakeSamish706]

3. Anybody think that the Bush Administration was either looking the other way or....

perhaps was indirectly involved in this rip off?

[Coyote_Bandit]

4. Same is true regarding

the Kaylee Anthony case. Nobody is talking about that going to trial until sometime next year. No excuse for that kind of delay IMHO.

[KharmaTrain]

5. Madoff Is The Next Abramoff...

Reading the Madoff saga in TPM Muckraker is not just a revelation of how corrupt the SEC and other "regulatory" agencies were in looking into his dealings...for years...but that this is just the tip of the iceberg. There's a growing list of mini-Madoffs out there who did similar schemes that have been just as devestating, but just not on Bernie's scale.

What this scandal is doing is shining light on the long-dark cozy relationship between regulators and those they regulate...and how rampant this cronyism was during the past 8 years...actually back to the 80's. Many people made a fortune out of these schemes and Madoff didn't do it alone...he had friends in high places...both on Wall Street and in Washington. I'm certain we'll soon learn about his enablers on those levels...that's why there's a lot of spastic colon in the Hamptons these days.

By the time all these corruption cases are settled, we may have to build a whole new class of prison.

[joeunderdog]

7. I think when prosecuters go after a case like this

they have to pit the small fish against the big fish before they reel anything in. This case will catch a wide range of bad guys from regulators to people selling Madoff's questionable business to unsuspecting clients. This will be extremely complicated and the inictments will go far beyond Madoff.

[Belial]

8. Even after all of this came out.. We still have not even

begun to clean up the mess. All that was done was to shift people around..