Guilty Bernie Madoff to go straight to jail – OPEN THREAD

hopefully he will go straight to hell too!

Time for justice. People have committed suicide over this man’s greed. Let him rot in prison. He can live in his memories of once living a material life that almost no one else can imagine–guess that will sustain him until he;s gone from this planet.

The President’s Budget and Fiscal Preview on page 11 contains graphs by socialists Thomas Piketty and Emmanuel Saez. Joe the plumber is looking more like an “oracle” by the day. Yep, sounds like “socialism”.

http://online.wsj.com/article/SB123681860305802821.html

If wishes were horses and pigs could fly:

Debka;

09 Mar.: The Riyadh summit of the rulers of Saudi Arabia, Egypt, Syria and Kuwait March 11may be the Obama administration’s first Middle East breakthrough. It is seen in Washington as ushering in the parting of the ways between Syria and Iran as a result of US diplomatic overtures to Damascus.

From the regional perspective, it is meant to signal Syrian ruler Bashar Assad’s reacceptance by the moderate Arab camp. The Saudi King Abdullah and Egyptian president Hosni Mubarak hope their meeting with Assad Wednesday will starting isolating Iran in the region and knock over the power bases it has built up in such places as the Gaza Strip.
They are optimistic because Saturday, March 7 Hamas began commandeering the mosques and charities owned by Jihad Islami, the Palestinian terrorist militia created and funded by Tehran.

Official circles in Washington, Cairo and Riyadh read this crackdown as evidence that Damascus is willing to begin wresting the control of Palestinian radical organizations from Iran.

The partners cannot tell how far Assad is ready to move against Iran or even sure if he is not perpetrating a sting operation in collusion with Tehran.

State Department spokesman Richard Aker said the agency regrets that it issued these four passports.

“The truth is that this was human error,” Aker said.

He said the State Department plans to have facial recognition screening for all applicants in six months. The agency is also talking to states to see if passport officials can check states’ electronic databases to verify licenses and identification cards.

Two members of the Senate Judiciary terrorism and homeland security subcommittee requested the investigation.

“It’s very troubling that in the years since the September 11 attacks someone could use fraudulent documents to obtain a U.S. passport,” Sen. Jon Kyl, R-Ariz., said in a statement.

In six months? A day late and a dollar short. Especially since BO’s choice for CIO just got put on administrative leave.
So what has law enforcement missed? Some guy speeding on the Jersey Turnpike?

Long may he rot.

Horror and doubt distract his troubled thoughts, and from the bottom stir the hell within him, for within him hell he brings, and round about him, nor from hell one step no more than from himself can fly.

-Milton,John

Has anyone seen this?

>>>Obama Signs Law Banning Federal Embryo Research Two Days After Signing Executive Order to OK It

(CNSNews.com) – On Wednesday, only two days after he lifted President Bush’s executive order banning federal funding of stem cell research that requires the destruction of human embryos, President Barack Obama signed a law that explicilty bans federal funding of any “research in which a human embryo or embryos are destroyed, discarded, or knowingly subjected to risk of injury or death.

http://www.cnsnews.com/public/content/article.aspx?RsrcID=44943

Hey all – still made in the USA spread it around!!!

http://www.stillmadeinusa.com/

Since this is an open thread, I caught a sobering but entertaining essay over at Real Clear Politics. Writer is Mark Steyn, entitled:

“Welcome, kids, to the Brokest Generation.” This paragraph jumped out at me–

“Because, as politicians like to say, it’s about “the future of all our children.” And the future of all our children is that they’ll be paying off the past of all their grandparents. At 12 percent of GDP, this year’s deficit is the highest since the Second World War, and prioritizes not economic vitality but massive expansion of government. But hey, it’s not our problem. As Lord Keynes observed, “In the long run we’re all dead.” Well, most of us will be. But not you youngsters, not for a while. So we’ve figured it out: You’re the ultimate credit market, and the rest of us are all preapproved!”

Full article can be found here:

http://www.ocregister.com/articles/old-percent-young-2334863-generation-year

Hope the “Yes We Can” generation is prepared for what they so enthusiastically embraced.

Making Bernie Madoff face up to his actions and sending him to prison is a good start, at a low level, on the fraud totem pole.

Those people, at the highest levels, responsible for the economic crisis should not be hailed as saviors and given more power to fix the problem that they created, but arrested and criminally prosecuted as well.

Specifically, I believe a good place to start would be with Ben Bernanke, the Federal Reserve, and Goldman Sachs. There is a lot more awareness in Washington about the Fed’s contribution to the economic crisis.

Congressman Ron Paul’s bill to audit the Fed is similar to another bill introduced by Bernie Sanders in the Senate which is aimed at getting the Fed to answer specific questions about where $2 trillion in bailout funds has gone, a subject that Bloomberg News sued the Fed simply to try and discover.

Staggering scenes unfolded last week at a Senate budget Committee meeting when Bernanke arrogantly refused to state where any of the bailout money had gone despite repeated questioning by Sanders.

Ben Shalom Bernanke is the Chairman of the Board of Governors of the United States Federal Reserve. He is ranked 4th most powerful person in the world in an annual ranking by Newsweek. In 2002, when the word “deflation” began appearing in the business news, Bernanke gave a speech about deflation. In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. (He referred to a statement made by Milton Friedman about using a “helicopter drop” of money into the economy to fight deflation.) Bernanke’s critics have since referred to him as “Helicopter Ben” or to his “helicopter printing press.”

The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. As a globalist corporation, Goldman Sachs will take all of the USA taxpayers money possible to back up its worldwide company, Americans can well be screwed for all they care.

Evidently Bernie doesn’t like it in jail. After two days, he wants bail reinstated and be returned to his penthouse until sentencing. Boo Hoo.

Any judge honoring this request should be thrown in jail with him.

While they’re at it, freeze Ruthie’s “assets” aka Bernie’s hidden assets and/or money launderer, make the relatives return all the jewelry and art she tried to hide, confiscate the penthouse and throw the whole family in the clink. Shame means nothing to these crooks only how much money they can steal.

Madoff could have led a baton-twirling squad of skunks through the SEC and none of them would have caught a smell!
This whole episode is despicable, and this thief, despite his age, is getting off light by going to prison!

Neath the spreading chestnut tree the village idiot stands—the idiot, a mighty man is he –with the mightiest nation under his command

Madoff is only the tip of the iceberg.

http://www.thebigmoney.com/
articles/news/2008/12/18/madoff-mercy

But when it comes to large-scale frauds involving public companies and their millions of shares, the guidelines’ grounding in mathematics sometimes results in sentences that are, quite literally, off the chart. They fall within the realm of prison terms usually reserved for mafia bosses, major international drug lords, cop killers, child molesters, and terrorists.

Remember Jeffrey Skilling—losses to Enron shareholders of more than $1 billion largely determined his 24-year-plus sentence. Or consider WorldCom’s former chief, Bernie Ebbers. He got 25 years based principally on the $2.2 billion loss suffered by his company’s shareholders. Sure, these men destroyed enormous shareholder value, just as the targets of today’s criminal cases allegedly did. But it’s hard to contend that they deserved prison terms longer than the average sentence for murder (22 years), kidnapping (14), and sexual abuse (eight).

Tying jail terms to the amount of money lost also puts way too much power in the hands of prosecutors. It gives them the muscle to threaten long prison stretches in order to coerce guilty pleas. If it weren’t for the risk of lengthy sentences if convicted, many defendants might opt to test the government’s evidence before a jury.

Since this is an open thread
I know Obama hasn’t found the time to pick nice gifts or I don’t know, maybe HIRE some people in the treasurey dept that has 18 major openings,
BUt you should be happy to know they are able to meet with the socialites,
http://www.washingtontimes.com/news/2009/mar/13/everyman-obama-hobnobs-socialites/
While publicly identifying with the nation’s have-nots, the Obama administration has been cultivating the Beltway social elite behind the scenes.

Earlier this year, the Obama administration invited top editors of three of Washington’s local luxury lifestyle magazines — Capitol File, DC magazine and Washington Life — to a meeting where they discussed, among other things, how President Obama and first lady Michelle Obama can embrace Washington’s glittery social scene.

The White House is “identifying taste makers in order to help create grass-roots interest in some of the programs they are working on,” said Washington Life’s Michael Clements, who attended the meeting. “They wanted to introduce themselves. It was certainly a departure from previous administrations.”

HT – Glenn Reynolds

Ballad of Tim Geithner.

Medical Profession Speaks Out on the Financial Bail-Out Package

The Medical Profession Speaks out on the Financial Bail-Out Package

The allergists voted to scratch it, and the dermatologists advised not to make any rash moves.

The gastroenterologists had sort of a gut feeling about it, but the neurologists thought the administration had a lot of nerve, and the obstetricians felt they were all laboring under a misconception.

The ophthalmologists considered the idea shortsighted; the pathologists yelled, “Over my dead body!” while the pediatricians said, ‘Oh, Grow up!’

The psychiatrists thought the whole idea was madness, the radiologists could see right through it, and the surgeons decided to wash their hands of the whole thing.

The internists thought it was a bitter pill to swallow, and the plastic surgeons said, “This puts a whole new face on the matter.”

The podiatrists thought it was a step forward, but the urologists felt the scheme wouldn’t hold water.

The anesthesiologists thought the whole idea was a gas; and the cardiologists didn’t have the heart to say no.

The audiologists don’t want to hear another word about it!

The coroners are dead set against it.

In the end, the proctologists left the decision up to the ass.holes in Washington ..

http://forums.obgyn.net/ob-gyn-l/OBGYNL.0903/0125.html

Where was the SEC all the years Madoff was ripping people off?

It is the job of the SEC to prevent this sort of swindle.

Are the enforcement officers at the SEC just stupid or are they crooked?

And where was SEC chairman Chris Cox while all of this was going on?

Asleep at the wheel or paid to look the other way?

Just asking.

Funny!!!

I’m Tired

http://tartanmarine.blogspot.com/2009/02/robert.html

On to the even more absurd….Donald Trump is quoted in a Vanity Fair article as saying that in all the hundreds of rounds of golf Madoff played at Trump’s club in FL, he scored between 80 and 89. Either Madoff was the most consistent golfer in the history of the sport or he lied about that too.