Thursday, March 12, 2009


"Some will rob you with a six-gun and some with a fountain pen"
Pretty Boy Floyd, Woody Guthrie

Bernie Madoff is to plead guilty this morning. A few of his victims will be in the courtroom to face him. The New York Times reported suggestions that the proceeding be held at the new Citi Field (successor to Shea Stadium), to give a reasonable fraction of those duped a chance to attend. (The Times also reported suggestions that the new stadium should be re-named Debits Field.)

I don't know if Madoff will be sentenced today; there's no plea deal, and normally the court orders a pre-sentence evaluation and report. So it could be months before we know what is going to happen.

But look at it this way: If Madoff gets just one year for every billion that he claims to have stolen, he'll be sentenced to fifty years in prison. What would you or I get if we stole a hundred dollars from a guy on the street?

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