Any comments about Mr Madoff?

[tw]

Originally Posted by Elspode

Madoff is the worst kind of scum. Having his flesh flayed from his bones with a rubber hose is too kind for him.

Madoff is only another example of what happens when the purpose of a company is profits. No different than the Mafia whose purpose is exactly same.

Why is Madoff any different than the top executives of GM or the entire corporate structure in Lehman Bros or Enron or AIG? These companies also did what so many Americans advocate only because they were told to believe it.

[ZenGum]

Madoff told explicit lies - claimed to have made trades that he hadn't, claimed to own shares etc that he didn't, etc.
The motives of Lehman etc were much the same, but a few small but significant points of method seem to matter - at least to some.

[tw]

Originally Posted by ZenGum

The motives of Lehman etc were much the same, but a few small but significant points of method seem to matter - at least to some.

What is the difference between Enron accounting by Madoff and Enron accounting by Lehman Bros. Lehman began overt lying on the spread sheets in 2001. And their accountants (Ernest and Young?) were aware of it.

Madoff was done by a few people. Lehman Bros was done by hundreds in a major corporation. Other than that, what is the difference? Both were intentionally lying and stealing massive sums with an attitude of entitlement. Enron accounting is still ongoing – all but legal. Complete with massive rewards to those most complicit.

[classicman]

An interactive map of the Madoff investors ...
Man - look at Long Island.

http://madoffmap.com/