Monday, June 29, 2009


I guess it was inevitable. Bernie Madoff, whose $50 billion ponzie scheme collapsed and took out the life savings of thousands of individuals and the endowments of hundreds of major charities, was sentenced to 150 years in prison. That was not inevitable. I'm surprised that he got a real sentence. What was inevitable is that some have already started whining that 150 years is too harsh a sentence. After all, they argue, it's not as if he did anything violent. Personally I think "Life Imprisonment" should mean just that, for a whole range of violent crimes. But Bernie got what he deserved. If you steal billions and destroy the confidence of millions of people in our economic system, why should you ever get out of prison?


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