Wednesday, January 14, 2009
The damage Madoff has done to the fabric of society is far, far greater than a murderer, or even a terrorist, could do. Billions of dollars disappeared, a punch in the kidneys to the world's confidence in the financial system, just at a time when no one can afford it. And yet, he gets out on bail, and is reportedly negotiating terms of his imprisonment. The attitude of this country towards white collar crime is, simply, bizarre. In a world that depends on peoples' trust in the system, we are most tolerant towards those who damage that trust. But knock over a liquor store for a hundred bucks using a gun, and look out!
Posted by MG at 5:28 AM