It really is amazing that when the more news you look at, the more pieces of information that sicken you. Take Bernie Madoff for instance. What about him doesn't make someone nauseous? Billions (whether real or imagined) lost, fortunes and nest eggs ruined, meanwhile he has untold riches of others stored away (allegedly, right, I know) in the Caymans or some other island where investigators can't find it. Well as much as Madoff makes me want to hurl, the SEC goes above and beyond to cushion Mr. Madoff while millions of others suffer in this rancid economic environment.
From The Gothamist:
It would be hilarious, if only the story wasn't so sad for so many people. It is also a pity that the SEC is on the other end of the deal with Madoff. In my opinion, Madoff is a malicious criminal and the SEC as an institution (and principal actors within) are at the very least criminally negligent. There is far more than $950 million floating around out there as a part of this deal, and you know if Madoff is let out of prison before he dies (chances are that he will) that dirty, stinking, filthy money will be waiting for him somewhere.
Hilarious: After not doing anything about Bernard Madoff when warned about him years ago, the Securities and Exchange Commission has reportedly agreed to a civil case settlement with Ponzi schemester Madoff. The AP reports the agreement "could eventually force [Madoff] to pay a civil fine and return money raised from investors." Money raised from investors—wait, the money that no one can seem to find? (Fine, they found $950 million of an estimated tens of billions.) Don't worry, there's still that criminal case against Madoff. The AP adds, "The partial judgment must be approved by the judge overseeing the Madoff case in federal court in Manhattan."
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