Greedy Person of the Year (2008)
By Pat Racimora on December 27, 2008 at 5:00 PM in Bernie Madoff, Corruption, Current Affairs

It’s time for all of those “Something-er-other of the Year” awards. So, after all we have been through in 2008, I want to propose the Greedy Person of the Year.
Don’t get me wrong. I admire ambitious people who want to make money by earning it through honest means. What I despise are those who scheme to feed a limitless hunger for power and control and don’t care who they ruin in the process. Or they just don’t give a shit. It’s all about playing the game. They often don’t even need the money.
So-called “white collar crime” (even the name is, well, white washed) is a paradox. Sure, coming home and finding some of your stuff missing or having your briefcase snatched on the street is a most unpleasant experience—psychic rape. Common thieves do jail time if they get caught. They don’t have fancy lawyers to whittle down the sanction.
But too many of those who silently bleed us to near death–a drop at a time and we can’t directly experience being drawn into their jaws–seem to stay free and rich, even after they get caught.
So I made my difficult decison from an overflowing plate of despicable creeps. I settled on 70 year-old Bernie Madoff for his alleged $50 billion Ponzi scheme. We will all be affected by the trickle-down impact of this one.
Too many other greedy people, including some of those who invested with Madoff, were involved as well. They knew it was too good to be true. They knew his scheme was rigged and that they were getting rich on what they presumed to be insider trading.
A lot of Madoff’s investors were in for a surprise and ended up losing money themselves. But what’s a couple of million if you are worth 50? Maybe Madoff will see jail time, but for how long and where? Club Fed? (read indictment here )
In the meantime, I hope you all will be able to keep your jobs and stay in your homes. I have too many friends who have lost both.






















