ABC News wrote about “Bullet Proof Bernie” – nice article but predictable – here’s a link. It seems that whenever a crime is discovered there is the public outcry for justice. From most every angle by most media outlets, there is a profuse desire to see Bernie Madoff suffer as others have suffered at his hand or by his doing. It is a logical desire as it is driven by human emotion.
The article states in its beginning:
The federal government today took a second shot at attempting to argue in court that alleged $50 billion fraudster Bernard Madoff ought be put behind bars while it gets its case against him into shape for court, and a second federal judge deflected the attempt to revoke the current bail conditions.
Perhaps that is the story. Perhaps it is as simple as an eye for an eye. Perhaps it is all about the process. Perhaps it is more?
While fascinated with were Bernie Madoff will be temporarily imprisoned, I suggest that his incarceration began sometime back – before any of us knew the scope and maginatude of his fraud – and has been on going – just not the way the public would like to see – as evidenced by the media frenzy. The article talks about Bernie’s entrance into the court room with a bullet proof vest worn over his clothing. It further goes on to describe his current method of confinement:
He is currently confined, except for court appearances, to his Manhattan cooperative apartment. There is an armed security guard on duty at all times, video cameras recording visitors at both the front and rear entrances, and Madoff also wears an electronic security ankle bracelet that would instantly notify the U.S. Marshals or the FBI if he attempted to leave the premises without permission and an escort.
All of this interest in how Bernie Madoff will be punished is certainly interesting, but fails to address the much larger issue that allows such a crime to take place in the first place. Two questions to ponder…
- What would motivate an otherwise intelligent, competent person to choose to defraud his friends, close business associates and disappoint those closest to him? What was in the “Mind of Madoff” that could make such a crime possible?
- More importantly, how could very bright, influential and astute investors be taking for so much so easily? Was the sheer masterful illusion he created so powerful that it would take down the very powerful and influential of our country?
I believe that the “why” he did it and the “how” he did it is far more important than what happens now. Agree?
On my Facebook wall the following was written: