Posted 5 years ago on March 15, 2012, 8:17 a.m. EST by GypsyKing
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Given the current ethical standard of our investment culture, was Bernie Madoff not just taking those ethical standards to their logical extreme, and was all the anger and media frenzy simply that he robbed from the rich instead of the poor?
Goldman Sachs, among many other "blue chip" Wall Street firms,, have shown a utter disregard for the interests of their investors, and a complete callousness for the fate of humanity itself. So, in what way is this more acceptable thant Madoff's crimes?
The theft from the poor and the middle class isn't news, it's business as usual on Wall Street. Goldman Sachs calls these middle-class investors "muppets," and as for the poor, they don't give a damn if what they do condems people in Darfur to work in salt mines until they drop dead. These firms use inverstor money to enrich themselves without the slightest regard for inverstor security or return, and even manipulate markets for personal profits that bring down the economies of entire Nations; while none of this provokes federal prosocutions or outrage; at least in the world of the media.
Perhaps Bernie Madoff is actually a folk hero, unmasking the upper-class bias, and the hypocricy of American society today. After all, what did Madoff do that the rest of Wall Street doesn't do on an larger and more pervasive level, on a daily basis?
Did Madoff's investers actually research what he was doing to get those great returns? Did they care . . . ? No, they were happy just so long as the money kept rolling in. He could have been grinding dogs from the pound and selling them as food to the "prison industry" for all his investors cared.
So what was Madoff's real crime that was so different that he got three consecutive life sentences and all the other Wall Street crooks are scott-free, with federal bailouts and their own islands in the Antilles . . . ?
He stold from the ultra-rich, that was his unforgivable crime Among his investors were the who's who of the American Oligarchy. They can foreclose on the homes of middle-class mortgage-holders, who are Actually Paying their mortgages. They can banknrupt whole nations, so that pregnant women throw themselves out of six story windows in despertion, but stealing from the 1%! That is crossing the line! We must make an example out of him!