Madoff pleads guilty, sent to jail
Published: 13 March, 2009, 11:18
Bernard Madoff has been handcuffed and led to jail after a judge revoked his bail upon his guilty plea to the 11 charges against him, including fraud and money laundering.
The way in which this case is covered by western media is an insult. $50-65 billion dollar fraud and this is just Madoff the only one guilty. Rubbish, Madoff had family members and employees working for his investment firm. His son was a director there. All those people knew very well what they were doing. Their taxes were paid and it should be very easy to trace them all. The most insulting of all are the debates on whether Madoff will or will not cooperate. Perhaps waterboarding what apparently is not a torture would help. I am convinced that US authorities are protecting all the others fraudsters employed by Madoff. Above all the silence from Madoff investors is really surprising. Some of them are very large foreign banks. That must be because of the ‘special relations’ they have with the US.
The economy of US is in fact run as Madoff scheme. New debt is taken to pay for the debt taken before. In absence of real wealth creation that results with the total debt rising year by year since 1980. In fact Madoff has can not accused of doing anything different to what the US treasury has been doing all the time.