SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (92931)7/26/2012 4:57:47 PM
From: Haim R. Branisteanu3 Recommendations  Read Replies (2) of 217574
 
In another vein a stupid question ;

Picard has charged around $273 million for his firm’s Madoff work. Madoff, who cost investors around $17 billion in lost principal, is serving a 150-year prison sentence.

bloomberg.com

OK, so losing 17 billion equals to 150 year jail time

JP Morgan lost 6 billion and counting so those involved should serve a collective 50 years jail time - but it seems that that gal Ina Drew left with thens of millions and no jail time sentence and Dimon is still in charge.

it does not makes sense to me but is seems that no one cares about JPM losses Bear Stern losses, Lehman Bros 500 billion losses, AIG 200 billion losses MF Global ............ and list is long

So could anyone explain to me the logic why only Madof went to jail? After all, all the above engaged in a Ponzi schemes with so called "synthetic" financial instruments with 3 or 4 letters names

.......... and I believed in the US they have equal justice for ALL............ I think now, I am actually from Mars if I am believing in such things
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext