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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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From: geode003/10/2009 10:10:09 PM
2 Recommendations  Read Replies (1) of 173976
 
If this is true...

"Madoff, 70, will admit he directed a fraud that prosecutors alleged began in the 1980s. By last November, Madoff told 4,800 investors their accounts held $64.8 billion, according to court papers filed in Manhattan federal court. Prosecutors will seek forfeiture from Madoff of as much as $170 billion. Madoff, free on $10 million bail, faces 150 years in prison. "

then it's clear that we do not need banks the size of Citi or anything larger than your local thrift to direct trillions. After all, Bernie did this all by himself for 20 years.

That's a whole lotta paperwork for a single individual.
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