world

Madoff says U.S. government a Ponzi scheme

7 Comments

The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.

© Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

©2022 GPlusMedia Inc.

7 Comments
Login to comment

Madoff should have never turned himself in, that was his big mistake. He provided a convenient scapegoat to make it look like something was being done while the really big fish continue raiding the piggy bank.

0 ( +0 / -0 )

The whole system is a Ponzi scheme. You just need to play it. Have a look at the inflating stock bubble. Need more QE? The USD won't be worth a continental soon or later.

0 ( +0 / -0 )

He provided a convenient scapegoat to make it look like something was being done while the really big fish continue raiding the piggy bank.

His arrest provided a placebo effect.

“The whole new regulatory reform is a joke,” Madoff said during a telephone interview with New York magazine in which he discussed his disdain for the financial industry and for its regulators.

Yes, yes, Mr MADOFF after all onion's the only thing in the US that you can't trade in the futures.

0 ( +0 / -0 )

Madoff should know, he donated heavily to the Democrat party.

0 ( +0 / -0 )

SolidariTea on the "the pot calling the kettle black" again...

0 ( +0 / -0 )

SolidariTea on the "the pot calling the kettle black" again

Why hello there, Mr Pot! Did you know Bernie Madoff and others at his company - Bernard L Madoff Investment Securities - made over 3 million dollars in campaign contributions [ cough cough ] since 1991? Guess what - 89 per cent of it went to the Democrats!

Goodness, Mr Kettle, how did the mainstream media miss that one?

0 ( +0 / -0 )

SolidariTea, find politicians that didn't get some sort of contributions from fraudsters. Even republicans got some money from Madoff. Next, dig with Enron and other companies/personalities contributing Dem/Rep/etc. Get off your high horse and get real for a sec.

0 ( +0 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites