Bottom line, Bernie should be in jail. I lock up some substance abuser and he faces the music, central booking, overnight lodging, cheese sandwich’s, two calls and a metal bed. This man who is still ” privileged” gets to stay at home in his mansion with his Cabernet Celler, satin sheets, intimacy of his loved ones, servants and luxuries that most of us can’t even dream of.
Amazingly, the Attorney General himslef is reusing himself because his son who is an attorney at former Mayor Giuliani firm will defend one of the Madoff Syndicate Members. Memo to the Mayor, either your a cop or your not defending this guy makes you part of the gross behavior. See http://online.wsj.com/article/SB122953110854314501.html?mod=igoogle_wsj_gadgv1&
Numerous reports are being published that Eric Swanson a former top attorney at the New York Office of the SEC may have aided and abetted the Madoff family in their unprecedented Ponzi Scheme . In fact Swanson who married into the Madoff clan was the ” Assistant Director in the Office of Compliance Inspections and Examinations. ( see http://gawker.com/5111942/ponzi-schemers-label+whoring-niece-married-sec-lawyer) .
Apparently Shana Madoff whose uncle is public enemy number one ( but only on house arrest in his Manhattan mansion) married this attorney. He later went to work for another outfit called BAT security see ( http://www.batstrading.com/) and also . ( see http://www.reuters.com/article/pressRelease/idUS128563+18-Jan-2008+BW20080118 The Sec is now investigating this relationship see ( http://blogs.wsj.com/law/2008/12/17/sec-to-probe-relationship-between-madoffs-niece-and-ex-sec-lawyer/)
Now BAT trading, hiring of this man Swanson, will surely have a nexus with Madoff who was the father of electronic trading at the NASDAQ.
Former SEC Chaiman Arthur Levitt admitted this week that the Madoff Scandal tips the scales ” the system is broken see http://www.bloomberg.com/apps/news?pid=20601087&sid=aQizfLyThn.o&refer=home
It appears that Madoff used ” personal connections” to maintain his scheme, and in fact that may have included a dirty cop albeit an attorney in a law enforcment capacity at the SEC. One article stated that you won’t see Harvard endowment losing money here because Madoff could not pass the due diligence requirements. Fortune is reporting under the heading of ” who is not a client” was basically not naive. See http://money.cnn.com/2008/12/16/news/madoff.hedges.fortune/index.htm?postversion=2008121619
This will get real bad and expose ” secret connections of the borscht belt”. And sadly these bums crippled many critical non profit institutions especially those in New York, and serving the Jewish Community.