Wednesday, July 1, 2009

Alec Baldwin on The Madoff Sentence

from HuffPo:
Madoff got 150 years?

Why?

Does that serve the greater good?
Does that really contribute to solving the problems that stemmed from Madoff's misdeeds?

I want to suggest, as I am confident others have, that Madoff be given a reduced sentence in exchange for answering every question that investigators ask regarding how he did what he did and what are his recommendations for how this might be detected and/or prevented in the future.

Put him away for life?

Who does that help? The incompetents at the SEC who stood by and allowed this to happen?

Madoff should become the Frank Abagnale of the securities and investment fraud universe.

What can we learn from him, to actually change things?

Been thinkin' the same thing...give him 10 years years without parole or any other kind of early release and milk him for info. It's not like Madoff will be getting off easy: he'll be a broke-ass 81 year old, anyway.

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