Monday, June 29, 2009
Bernie Made Off With My Money
But now, he's going to get to try swindling soups and postage stamps with his 150 year prison sentence. The problem here is not how many years to punish him or even how to get folks' money back. The problem is how in the hell he stayed under the radar for nearly 30 years as he did this. Where was the SEC and it oversight committees? Enron was unable to keep their scheme going, how was BM able to do this with no suspicions. I would have to say most people on this planet are utterly dumb and naive, but certainly we are all not so blind to not see 30 years of robbery. Anger, hate, and confusion lead us to sentencing him to 5x what his running originally was, but I think our government and regulatory watchdog committees may have a hint of responsibility as well. And the investors? Did you not think something was amiss? Did you also have 4-5 multi-million dollar homes and multi-million dollar yachts and paying million plus green fees? I guess, to be honest, the investors who lost everything are not to blame. But this event may have brought upon us an era(and a great one at that!) where people are no longer so gullible that they'd sell their own children to make a 100% turn around, plus recoup the asset they sold. ONLY IN AMERICA!