Welcome to the Nuclear Family Times...Now 100% Dolphin Friendly...Our Servers Use Wind Power

Finance Desk

Madoff to serve 150 years at tax payers expense, but I'm betting he won't serve a third of it.

pg-18-Madoff-EPA_107969t

Now wait a minute. Do we really feel sorry for everyone who lost money with Madoff? I don’t. The “I lost everything” victims are stupid or greedy or both. The two basic rules of investing are:

1 Don’t invest more than you can afford to lose.

2 Diversify.
That’s it.

ruth-madoffs-subway-ride-2120-1245947520-3

I don’t believe in victim impact statements and I don’t think that they should have any sway on the ultimate sentence imposed. That doesn’t mean that Bernie is a hero, he ought to be subjected to Marley’s fate (Dicken’s Marley, not the dog from Marley and Me, because that was too sad) and be bound in a chain made of “cash-boxes, keys, padlocks, ledgers, deeds, and heavy purses wrought in steel.” That would be fair. I’d also like to see him dropped in a pool of shit and puss, but that’s just me.

What about the other Madoff victims? His wife, Ruth Madoff, has been reduced to subsisting on a mere $2 million and forced to ride the subway, although, judging from the photo, she rides in a private car. Still, it’s not like having a chauffeur. THAT BASTARD HAS RUINED SO MANY LIVES!