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Outside editorial: Strengthen SEC to deter the next Bernie Madoff

With a 150-year prison sentence on Monday, Bernard Madoff got what he had coming to him - and certainly more than enough to guarantee that the 71-year-old master swindler will die in prison, not in the Hamptons.
Chamber hears history of white-collar crimes

...from investments. One of his much later successors is Bernie Madoff.One name few remember, "the Mephistopheles of Wall...the sentence is "quite remarkable," Pantages said.Bernie Madoff's $65 billion Ponzi scheme landed the "sophisticated...
Finally, a big fish on Wall Street is hooked

...regulation," so the targets generally were low-level Ponzi schemes and investment fraud. A high-profile target like Bernie Madoff, arrested in December 2008 on charges of running a $50 billion Ponzi scheme, was the exception, not the rule...
How did girl's kidnapper receive a second chance?

...And he was paroled. After 11 years. Paroled. If you can get 150 years for bilking people out of their money - a la Bernie Madoff - then how does a man who demonstrated no respect for human life, who thought so little of it he stole a woman, held...
Protection from financial predators

...state's attorney general, stresses that point. He notes that the Securities and Exchange Commission investigated Bernie Madoff several times. Madoff was engaging in a multibillion-dollar fraud, and the SEC didn't see it. Alan Hess, professor...
Repealing financial reforms is all the GOP offers in what direction? Backward. The GOP sincerely pledges to scrap financial reforms. I think the plan is to make Bernie Madoff the speaker of the House. Could be. The party offers no clue what it might do next. Even the true believers were...
Ponzimonium out there

...I've got that going for me.None of these ever work out, yet people fall for the cons all the time.We recall the Bernie Madoff scandal from 2008 - where for years he actually made off with an estimated $50 billion - in the mother of all Ponzi...
Tom DeLay, OK; Elaine and Leonard, oh, the horror

...wrong with that). And a viewer speculated on an ABC message board that the show must've invited DeLay only because Bernie Madoff was not available. But you know what? I can't hate on the guy. I'd love to, but I can't. In the first place...
Social Security is a sound, well administered public program

...involve money, they are considered gambling - illegal, since in this country you can't use the mails to gamble.Bernie Madoff's operation was a Ponzi scheme. Social Security is not. It doesn't require continued growth in the number of...
Why the national debt is a ticking time bomb

...that even Sen. Kent Conrad, D-N.D., admits is "a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of." Families are working to dig out of debt, live within their means, and stop chasing...


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