Oh’s Zany World

The Ponzi Master My Hero!

March 11, 2009 on 3:07 am | In Economics, Oh Yeah, Poly Tics | No Comments

The Ponzi Master My Hero!

 

What can one say about this man?  This one man, Bernard Madoff?  Surely, one would be hard pressed to find a more dedicated, hardworking man that truly loves his work then Bernard Madoff?  He worked so hard for so many years and made so many people happy about their investments with him.  Could there be anywhere a better example of what it means to be a good capitalist?  Doesn’t it just warm your little pea pickin’ heart? And glad to live in a country where one is free to engage in free enterprise and capitalism?

 

But alas, all is not good, in this grand and wonderful capitalist country of ours, on Thursday, March 12, 2009 Bernard Madoff is expected to guilty in US District Court to a number of  alleged crimes that he supposedly committed, among which are securities, investment adviser, mail and wire frauds. Also money laundering, the making false statements and perjury.  He is accused of making a false filing with the Securities and Exchange Commission, theft from an Employee Benefit Plan and two counts of international money laundering.  11 counts in all! Information from MSNBC  News.

 

He has according to reports taken somewhere between 64 and 170 billion US Dollars. Though that may include amounts that were not really took but were promised to people in the form of interest and etcetera. So in reality it may be quite a bit less.

 

The consensus is there are quite a few rich people that would like to see him put away for a long time.  This is what is so confusing to me! I mean as a unabashed bleeding heart liberal I tend to believe that Bernard Madoff should be sitting in jail for quite sometime.  Though to me, he represents all that conservatives’ hail as good and so if I was to pick a modern man to represent capitalism in all its might and glory it would be him!

 

 

It really seems strange to me that these people that are always condemning bleeding heart liberals like me for desiring too many laws to restrict businesses, even though it is so that they have to deal honestly with others. And for the most part complain that the US Securities and Exchange Commission is over rated and should not have the power that it has. And also that people should be able to look out for themselves. Well this is what I hear! Or am I misunderstanding what I hear? 

 

It is these very same people, that supposedly lost so much money, that are going to go to court to ask a judge to be very hard on this great capitalist Bernard Madoff. I mean so what if they lost their life savings? Isn’t that what capitalism is about? To make a buck however is needed?  Caveat emptor!  Let the buyer beware! 

 

It is beyond my finite understanding how people, that are, so, into free enterprise and so capitalistic in their beliefs and their dealings with others. That they should desire to be protected beyond the protections which they believe should be extended to others.  Yet I somehow I don’t find that I can believe that one of these supposed victims will stand up before the government prosecutor and the judge and say:

 

Ladies and Gentleman, I brought into these business ideas of Mr. Bernard Madoff.  I did not think it though and did not look into it well enough.  All I seen was the dollar signs in front of my eyes.  So I did not and could not expect that this was may be a scam, even though I should have known.  Therefore Ladies and Gentleman in honor of this great free enterprise and capitalist system which I so cherish, I am asking that you do the only thing that would make sense and stop this silly process of persecuting this honorable man. And give back to him, his dignity and his honor.  Thank you for your ear this day.

 

As a confused bleeding heart liberal, I would see this as the only course that a true economic conservative that believes in free enterprise and capitalism could take in good faith.  Yet I do not believe that will happen. Or am I being to pessimistic?

 

 

Satirely yours,

 

OH

 

Copyright 2009