The severity of Madoff's sentence changes his options. A lighter sentence might have allowed Madoff's team to negotiate his placement from medium security to low, based mostly on his age and notoriety, says Ellis; a 150-year sentence means he will now have to lobby to go from high security to medium. Medium security facilities look similar to low-security institutions, but the inmates are much more likely to be inside for violent crimes. If Madoff gets medium security, says Webster, "He will be assaulted, there's no doubt about that." It's that much of a certainty? "God, yes. Oh, God, yes."
Interesting article.The whole Madoff thing is hard for me to get outraged about.I know people lost everything but how did they think they could get a 25% return every year while the rest of us suckers were lucky to get 5% without thinking something was fishy?
BIRD33 Wrote:Interesting article.The whole Madoff thing is hard for me to get outraged about.I know people lost everything but how did they think they could get a 25% return every year while the rest of us suckers were lucky to get 5% without thinking something was fishy?
A friend of a friend type thing had recently sold his company. Someone approached him to let him know there was a certain bank that was paying 15% interest on large investments. When asked "How can a bank afford to pay that much interest" he answered "I dunno, but I sure am gonna take it"
He has now gone back to work due to the fact that he lost his nest egg.
Old people I feel bad for(snarg) cause they are easily duped but I do not feel bad for the owner of the Met's Wilpon.Its pure greed to not worry about how or why this guys beating the market every year.Its odd he's a jew ripping off mainly jews.Thats pretty cold.