The Madoff Ripoff
It would be easy for us working stiffs to indulge in a little schadenfreude over this Madoff investment Ponzi scheme uproar. The rich, trying to get even richer, ended up hoist on their own petard of greed.
Unfortunately, there were quite a few charities that placed their money and trust in the hands of this criminal as well, so a lot of innocent "little" people are being hurt.
Since Madoff's fifty-billion-dollar crime was white collar, he'll probably end up doing a few years at the Allenwood Federal Country Club, if he does any time at all. Meanwhile, a small-time crook who rolls a Seven-Eleven with a pistol will probably do twenty years or more, even though his crime affects far fewer people far less drastically. But that's the way the system works.
Meanwhile, where were the Feds while all this was happening? According to recent stories, they were probably sitting around with their thumbs up their derivatives, giving each other inside stock tips instead of doing due diligence.
CHAN LOWE has been the Sun Sentinel’s first and only editorial cartoonist for the past twenty-six years. Before that, he worked as cartoonist and writer for the Oklahoma City Times and the Shawnee (OK) News-Star.
