tag:blogger.com,1999:blog-8294002198733660724.post7863991053502217622..comments2024-01-19T14:36:19.222-05:00Comments on Rockin' On: the Blog: Bernie lost but many of his clients won!Rockinonhttp://www.blogger.com/profile/16466451909515114927noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8294002198733660724.post-35471773498642745152009-09-23T22:05:57.517-04:002009-09-23T22:05:57.517-04:00Bernie Madoff didn’t act like a typical mastermind...Bernie Madoff didn’t act like a typical mastermind of a Ponzi scheme. The typical mastermind knows that the pyramid has to topple someday and he plans for it by stashing his money in countries with no relations with the US. He also plans very carefully for his escape.<br /><br />What did Bernie do? He bravely faced Congress. He brazenly lied to them, saying there are too many eyes on the market for any serious irregularities to be perpetrated. He didn’t hide his money. He didn’t try to escape when it got hot for him. When the G-men grabbed him, he confessed. He took all the blame on himself and he tried to protect his associates.<br /><br />Some men are courageous when facing their enemies but, when it comes to giving bad news to friends and to people who trusted them, they are cowards. They’d rather lie to them and hope that their fortunes with change, that it will somehow work out in the end. It hasn’t worked out for Bernie so far. He bares the public hatred we have for the greedy bankers that caused the crash of the financial system. But there are thousands of others that are worse than him. They are hiding in the shadow of the spotlight that glares on Bernie Madoff.<br /><br />He is a tragic figure and he will be redeemed when cooler heads prevail.Anonymousnoreply@blogger.com