Tuesday, June 30, 2009
This might surprise you again
So Bernie Madoff got 150 years in prison for swindling investors. Fine I have no problem with that. But I was wondering what part are the investors playing in this. They willingly took a chance with their money and made a choice. It's really hard to feel sorry for themI know they lost millions but they again chose to invest with him without doing any research. But really the people who should be taking more blame is the SEC. They are the ones who are supposed to be monitoring frauds like Madoff and looked the other way. And we know who is responsible for appointing members of the SEC (in this case Bush).