Give Bernie a Break

Note found on a back street in Upper Manhattan:

Give Bernie a Break

The system is really being unfair to poor Bernie Madoff… After all, he was making people money until the facts caught up with him and his house of cards collapsed. So? His strategy, even if it wasn’t what he told investors he was doing, worked for a while. Those who pulled money out in the good old days made a profit, only those who waited too long were left holding the empty bag. How is that different from other giants of investment finance, such as Sandy Weill and Chuck Prince? Investors who rode Citigroup shares higher and sold near the top made a killing. The ones that got burned were the ones who kept dancing with Chuck after the music stopped. The same thing happened to the ones who danced too long with old Bernie. I’ve always been in favor of switching partners often…

So give Bernie a break. What he really needs is a golden parachute to help him deal with all this stress…

I haven’t had so much fun since the Rolling Stones sang about me… Well, to be honest, there have been a few other good times since then, too.

…have some courtesy, have some sympathy, and some taste…

Note: My presentation of this mysterious document should in no way be construed as an endorsement of the anonymous author’s opinion.

Comments

[Big Al45:]

You may have a point. Most of the "titans of Wall Street" are lying, cheating scumbags. Bernie was only marginally worse than Angelo Mozillo and the owners of Golden Worst.

Mar 12 10:47 AM

[Heaven, Hel...:]

The obvious difference here is intent. Madoff intended to defraud his clients whereas Weill and Prince "merely" made poor investment decisions on behalf of them.

Mar 12 11:14 AM

[User 172387:]

Give Bernie a Break! Really? Put him in Riker's, they will give him a break there for sure

Mar 12 11:18 AM

[Alex Filonov:]

There is some difference between lawful robbery and unlawful one. In case of Madoff, he lied to his investors about investment decisions. In case of Chuck Prince, he only lied about perspectives of the company, and maybe he didn't even lie, may be he believed in this CDO crap himself.

There is a huge lesson from Madoff case: never, ever keep all you eggs in one basket, no matter how sure you are in this basket.

Mar 12 11:23 AM

[samwise:]

the only reason you post it is because you agree with it! your as big a liar as Bernie Madoff. Glad to see there's picture with that weird name of yours.

Mar 12 11:48 AM

[Buckoux:]

Pardon Madoff and give him a daytime TV talk show.

Mar 12 12:33 PM

[Maxe Paul:]

Yes give him a break! a break for breakfast, lunch and dinner.....in jail baby!

Mar 12 12:43 PM

[Fozzie:]

great satire...and yes, for those of you that attacked the article author, its called satire and they teach it in middle school.

Mar 12 01:08 PM

[Tradememe:]

On Mar 12 11:23 AM Alex Filonov wrote:

> There is some difference between lawful robbery and unlawful one.

So, Mr. Alex Filonov,

There is such a thing as lawful robbery...

Mar 12 01:25 PM

[PROXIMO:]

Madoff, Skilling and Stanford get to pay for their crimes in prison. Rest assured, there are far more who will never be caught and will never pay.

Mar 12 01:27 PM

[SPEARS:]

Why am I reading this "story"?

Mar 12 01:41 PM

[User 375694:]

I owned Citigroup shares and lost so so much money. Not only should Bernie and family go to jail but so should Prince, Mozillo etc. Of course they knew and their actions were deceitful and illegal. How could all these foolish comments be made.. Not only did they know they have no morals, etc. Ruth Madoff, Chuck Prince etc should offer to give everything they own and become poor like the rest of us to cleanse their souls.
SHAME ON THEM and the rot at the top that is definitely involved. All the politicians etc involved (and there are very very many) should be thrown in jail. What has happened to the USA? IT;s a tragedy and a disgrace. Shame on them

Mar 13 03:19 AM

[Hedgerz237:]

That was a real good one. LOL


On Mar 12 01:08 PM Fozzie wrote:

> great satire...and yes, for those of you that attacked the article
> author, its called satire and they teach it in middle school.

Mar 13 08:59 AM

[petyaczar:]

Latest News on Bernie Madoff.

Heard that Obama Administration has submitted a plea for a work-release prgoram for Bernie Madoff.

Madoff, acknowledged as the most proficient Ponzi Schemer of all time, will put his ability to manipulate financial statements and numbers to good use for the public good.

Bernis Madoff will become administrator/chief of Obams's Basic Economic Recovery Program (BERP) and as such he will replace Geithner at Treausry. Madoff will also be in charge of the Social Security Administration, Medicare programs, the Congrssional Budget Office, and of course the Nntional Debt.

Obama was purpoted to have said "Finally we have someone who has never cheated on his income taxes, in the Administration. I am confident, that confidence shall be restored as the best confidence man in the world - next to me - is put in charge of financial reporting for this Administration.

Happy Days are Here Again! As our 401k statements and the Government budget office will soon show.

IMO

Mar 13 10:36 AM

[henarl:]

Let's put up a big bronze statue of him on Wall St. as he's really one of them. And, that way the pigeons can crap on him like he crapped on his pigeons.

Mar 13 02:52 PM

[a. palmer jr.:]

Bernie got the idea for his scheme by watching the government's handling of social security. Bernie would have pulled it off if only he could print money!

Mar 13 05:42 PM