bERNIE mADOFF....WILL HE BE THE FIRST OF MANY ?


	bERNIE mADOFF....WILL HE BE THE FIRST OF MANY ?

leevardi

7-1-2009 5:50 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/20d8fb83-05cf-4ed0-8735-f0445232cfef/2FC0F9BC-AAF8-403C-B1AD-0C40431D609A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/" href="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/" style="font-size: 11px;">www.alternet.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/"><P class="storyheadline">Bernie Madoff: Fall Guy or First of Many?</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/"><DIV class="teaserleft">
			Congressional Commission on financial fraud has the ability to put hundreds of Madoffs in jail and lead the way for real bank reform.
		</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/"><P>Bernard Madoff has been sentenced to <A href="http://www.nytimes.com/2009/06/30/business/30madoff.html?hp">150 years in prison </A>for one of the biggest investment frauds in Wall Street history. The punishment seems to fit the crime....</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/"><P>But there is no closure here. We can’t let Madoff’s sentence distract us from the underlying problems.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/"><P>So Madoff got 150 years for breaking into the bank. Fine.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/"><P>To its credit, Congress is leaning towards a do-over. It created the new <A href="http://thecaucus.blogs.nytimes.com/2009/05/20/obama-signs-financial-bill-creating-investigative-panel/?scp=5&sq=Financial%20Crisis%20Inquiry%20Commission&st=cse">Financial Crisis Inquiry Commission </A>to investigate how fraud, regulatory lapses, monetary policy, and obscure accounting and lending practices contributed to the current financial crisis. After much opposition, the Commission even has subpoena power.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.alternet.org/workplace/141007/bernie_madoff%3A_fall_guy_or_first_of_many/"><P>All the Commission needs now — and fast — is members. Real ones, with fire in their bellies. <STRONG>Members who aren’t afraid to put people in jail.</STRONG></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2FC0F9BC-AAF8-403C-B1AD-0C40431D609A/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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