Saturday, June 27, 2009
The sentencing memo submitted by the US Attorney in the Madoff case makes for pretty amusing reading. I'm inclined to believe that the government tends to over-reach when it comes to sentencing. The US routinely imposes terms which are grotesque by the standards of other Western nations. Even so, $13..2 billon bucks stolen. More than the GDP of thirty one African countries. And where is the money? The Feds don't know, exactly, but it seems pretty obvious that there isn't going to be any real restitution here. Apparently he hasn't been very helpful to the trustee since he was arrested. Give him 150 years. I hope he lives 149.
// posted by Bill @ 10:24 AM 
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