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Madoff should have asked for protective custodyInstead he asked for bail
The judge sent him home in bracelets
When he should have sent him to jail
Madoff admits stealing $50 billion with no remorse over 30 years
Investors and foundations lost millions and are raining tears
A thousand questions cannot be answered
How could this scandal go on so long?
Undetected by the regulators and investors around the world
Who didn't think always winning meant something was wrong
They turned a blind eye while they were charmed by a smile
From a friendly man with a key to the city and connections that could beguile
The Securities and Exchange commission did not do its job
Incompetence in the highest office for three decades
Giving the swindler Bernie Madoff a license to rob
And pretend he was a genius trader when few were ever made
While Madoff gets an "A" for knowing how to run complex Ponzi Schemes
The government gets an "F" for letting him create a nightmare out of peoples dreams
It will take years to sort out the mess they all made until now
And we are left to wonder what remains in this crazy script
At 70 Madoff does not have many years left to bet the Dow
So there will be no justice even when he's placed in his crypt
For the people have greater worries than how Maddoff gets along
Will they get any of their money back after being done so wrong?
Will the SEC learn its lesson and will congress change the rules
Or will we hear of bigger crimes that make Madoff's seem contrite
Sending our leaders back to school
So they can learn to become watch dogs with less bark and more bite
For now Bernard Madoff still has a fantastic penthouse view
And could care less what anyone will say or do
Because his life has been a highlight film and he can still look down and spit on you!
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money. Disclosure: I did not invest with Madoff directly or indirectly.
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Reader Comments (Page 1 of 1)
1-21-2009 @ 8:13PM
Beltway Greg said...
The comic Dave Chappelle, don't ask me which episode or season, has a skit in which a white bread suburban dwelling law abiding citizen's civil rights are heinously violated while the drug dealing thug's rights are respected. (Ironic because we'd expect the exact opposite, get it?) During the trial the drug dealer makes a mockery of the system by repeating that he's going to take the 5th and is allowed to turn himself after he sells some more rock and gets his swerve on if you get my drift.
Madoff is the not the bonfire of the vanities, he's the California wildfire of the vanities. He has become the poster child for the banking greed, excess, and corruption of this decade. If Chuck D and Terminator X (Public Enemy) are paying attention they ought to write a song about the guy. In lieu of their handiwork I'll try:
A stone hungry brother trying to make ends meet, a loaf of bread is all he seeks.
A dude named Madoff took all the dough, $50 billion later he's still running the show.
Living large in his penthouse for the rest of his life, while some cold hungry suckers gotta fight for his rights.
1-22-2009 @ 6:27AM
al coholic said...
Please, Dave, I'm begging you! Come back and do your show.
Absolutely the funniest show ever created...though my wife never enjoyed it and is convinced I am an idiot for laughing at it as hard as I did.