Home / Comment

One big American Ponzi scheme

China Daily | Updated: 2011-03-04 07:45

While Bernard Madoff languishes in jail, bankers continue to profit and the poor lose their homes and hope. Thank you, Bernie, for breaking your silence - even if you are still clinging to that cover-up mode you adopted since you took the entirety of the blame for your crimes.

What is clear is that ripping off the rich is punished far more severely than ripping off the poor. The lengthy sentence you were given spared countless other unscrupulous businessmen from facing the music - whatever music there is.

In an interview - with a reporter from The New York Times who is writing a book to cash in on a man who has already cashed out - we learn, in the vaguest terms, that Madoff believes the banks he did his crooked business with "should have known" his figures did not figure. Keeping with the deceit that has served him well over the years, he names no names.

One big American Ponzi scheme

Today's Top News

Editor's picks

Most Viewed