Inside Story - The Madoff Scandal - Dec 17 - Part 2

[Tsnore]

Is Peter Shifty(sic) part of that exclusive club?

[moistfaucet]

madoff was fined $5m ?only ? .he should be fined $ 100 B

[bolonyponyj]

@moistfaucet more like $170 B in restitution.

[archie977]

the next time you see a advertisment on tv take a look at it you will see what legalised fraud looks like mesleading exploitation.

[dwilmer7]

"Madoff faces up to 20 years in jail and a fine of $5M if convicted"

wow ....he actually got like 150 years

[centurion180ad]

There is no money in circulation anywhere in the world. Irredeemable debt currency sieved through a fractional reserve system, IS NOT MONEY. It is F R A U D, a fraud used to pay for slaughter & enslavement.

[shanna1950]

the whole world should stop pouring money into the American dollar, so they can collapse big time, like the Madoff pyramid.

[obaidCarkey]

@shanna1950

the usa is going to collapse anyway!

Once china starts making better products, its over!

usa wille endup like the soviet union!

[eqilibrium]

do you know how hard it is to set up a swiss bank account? They are not very open towards American people.

[dwetick]

Bernie was involved in shady deals from long ago. He only became famous recently because his Ponzi operation fell apart. If we didn't have that packaged Mortgage mess to contend with, he would still be in business big time! Even his mother was involved in crooked deals in her businesses.

[shaggydaplaya]

why should you have a personal jet or a yacht? Are you that special, so much better than me, because you were born in a rich family that now you deserve more, while people are starving in the world and some are born with illnesses? Do you really need a diamond studded bra that only wear once? There should be a cap on how rich a person can get, psychologists should analyze the effects of money on people and laws should be passed. Do you ever make ENOUGH? be happy with what you have!

[shaggydaplaya]

at 9:35, so true, globalization and local regulation. People get away with these things because they set up Swiss bank accounts where government isn't allowed in. They create satellite companies in other countries that are used as tax shields, or used to keep information from regulators. They find loopholes in the system and take advantage of them!

[unytcommsys]

who doesn't

[shaggydaplaya]

sorry at 9:10 i mean.

[SnuttySnut]

thats against personal rights...

[lnfiniteKnowledge]

@shaggydaplaya Would you feel the same way if, instead of a person coming from a rich family, they came from nothing and made themselves that rich? Would it be justifiable then? What if what you have doesn't make you happy? Are you to force yourself content?

[JohnnyRock2000]

When you hear this argument get spun into the fact that the government runs ponzi scheme...it's a misdirection with the goal to minimize the crime. All the SEC had to do by the way was ask to see Madoff's INVESTMENTS. There weren't any.

[BenetFleck]

I'm kind of OK with real rich people losing their money. Where did they get their's anyway? Made it? Created it? Born rich get richer

[kaker69]

aljazeera is this not the terrorist news network?

[AFRIKTODAY]

Idiot! It is an arabic News Network that has nothing to do with the terrorists! In so far as who are the real terrorists and who created, supported and financed them for years until the students turned on the master! That's another issue to be resolved!

[laleebee]

Why did Bernie Madoff plead guilty? It doesn't make sense unless he struck a deal that they wouldn't go after his family. No indictments for Gollum (Ruth), Uday and Qusay (the sons), Peter and Shana (haven't come up with nicknames for them yet). If no one else in the family gets indicted then you know that is the case.

[rubut]

good thinking. this could be the tip of the ice berg.

a portion of a much larger scale and madoff just a puppet

[sexyarif]

The Hebrew word for charity is "tzedakah." But it means something more, too: doing the righteous thing.

Many of the investors allegedly swindled by Wall Street money manager Bernard Madoff are, like him, Jewish, and for many of them, contributing to Jewish causes is a crucial part of their culture. The effect of their losses on the Jewish philanthropic world is being seen as nothing less than catastrophic

[GTHwhitecollarJC]

People paid income taxes on their Phantom gain. The IRS says to bad so sad, no refund for you. Revolution now!

[poparozi]

But is'nt this the way big business is supposed to work?

As far as Im concerned, Where Madoff went wrong was when the economy failed. There is supposed to be greedy people in the world. Greed is necessary, It balances the "poor "and the Rich and the bigger the gap between the two, widens the possibility for those to prosper in between.

[Minister2You]

Madoff was beyond greedy!!

[AgeOfUniversalDeceit]

The only time a jew ever considers himslef to be a failure is when he fails to steal all the money. Charlie Munger said it best for all-time about jews such as Bernard Madoff, Mark Rich, Lou Pearlman, Reed Slatkin, Sam Israel, Steven Hoffenberg, Markus Schrenker, Hank Paulson and Alan Greenspan.

"When they are speaking, they are lying. When they are silent, they are stealing."

[ananiasacts]

That describes every pulpit that's ever been.

[youtubbinh]

how about roughly 30~ of all nobel prize winner being Jewish.

You and some one you know may be save by Jewish inventions in medicine.

Stop being racist and judge each individual on their action.

[AgeOfUniversalDeceit]

The Nobel prize was turned into a joke decades ago when the notorious jew Armand Hammer was able to bribe his way to being a finalist for the peace prize. Just like how Pia Zadora's jew husband bribed all the judges to give her an award in the early 1980s. Jews have totally corrupted all of the prize organizations thru their constant bribery and treachery.

[youtubbinh]

is this true with Enstein?

[AgeOfUniversalDeceit]

Einstein is the only jew in history who even comes close to Copernicus, Aristotle, Plato, Socrates, Hippocrates, Galileo, Pasteur, Newton, James Hutton, Darwin, Gauss, Liebniz, Hawking, Crick & Watson, Edison, Tesla, Fermi and so on.

[youtubbinh]

you missed the point, did Einstein committed fraud to reach the nobel prize?

and if you are wrong about Einstein, can you be wrong to countless other jews that really made great contribution to the world?

[AgeOfUniversalDeceit]

Jews don't even compare to only the great German minds let alone all of the other gentile minds produced around the world. Gauss, Liebniz, Porsche, Benz, Goethe, Mozart, Beethoven, Brahms, Schopenhauer, Nietzsche, Kant. The Germans have produced the greatest minds to have ever lived.

[youtubbinh]

they also produced two world wars that killed millions.

[SerpentSeedHasWon]

Zionist jews have created all the wars in the last 120 years. Germany only wanted a small war the same as USA enjoys having their small wars with Iraq and Afghanistan.

[youtubbinh]

"small wars"?

you have a guy like Hitler who sent tanks and planes all the way to Stalingrad and France. You call that a small war?

[laurasIs2c]

How about the fact that Einstein did not give credit for his findings of E=MC2 to his first wife who was a mathematics heavey weight and he left her in Europe with little support.

As far as the amazing contributions of brilliant doctors, teachers, inventors of jewish dissent who not only create cures, but are loyal to their friends and employees and love their family and charities every day. No one is perfect but their is a real appreciation for supporting each other in being as good as can be

[strongbadassman]

lol einstein wife, that's the worst lie i ever heard off, pls read a book about it or something, in no ways was einstein wife remotely involved in the E=MC2 theory, woman are only good for desk jobs, lawyers, and strippers, definitely mathematics and physics are beyond their realm of mastery since they have an average of 10 iq points lower that males and 10% smaller brain size, pls take ur feminist lies elsewhere.

[strongbadassman]

woman has invented 0 invention throughout mankinds 10000 years history, you would be hard press to find a single invention woman ever created, even brassieres and lingeries are invented by man, some simple shit like that, cooking was invented by men, dish washing by women, but that's not an invention! whoring is invented by pimps who are men, i mean what have woman ever invented but lies lol. pls name me one that is even significant haha.

[varunhudson]

'20 years in jail and a fine of five millions dollar', give me a break. For the amount of damages which this man have caused, the only form of punishment to be use if convicted should be capital punishment.

[shakaama]

the SEC was nowhere to be found. this guy was making completely nonexistant trades and where was the SEC?

[Gruntol5]

Typical gaddamned media at 7.45. The German (?) fellow is giving us an excellent lesson in what happened, but the other two had to interrupt him and get their 2 cents worth in. He gets a second chance, but time is lost. Rude buggers.

[zu613]

Jews that were wronged will always bounce back. Jews that wrong others will answer to a higher authority.

[cool70200]

I like the European guys statements, people really gotta to understand the underlying dynamics of wealth and wealth transfers.

[archiebunkerfan]

Krusty the clown

[DonTonyS]

"Broke jews". Has a great ring doesn't it?

[calcutor]

the money that he stole was stolen anyway...... we all know how jews earn there living.

[radon1234567]

I dont feel sory for these greedy jews that were swindled, these people were already filthy rich but its never enough for people that worship money! elitist jews try to only do business with other jews and madoffs a jew so if they were not so rascist they would have invested with someone else instead of some weirdo with a magic investment formula!

idiots!

[ceramictiletonight]

What people don't seem to realize, it's not jew or arab, catholic or protestant. It is good and evil. People deal with doing the right thing daily. Some choose not to do it. It is so much easier to take the low road, to disassociate yourself from your neighbor. I have seen both sides, I choose the golden rule. Do unto others as you would have them do unto you. You don't need twelve commandments; just follow the one and you will be happier and the world will be a better place.

[ZedAlfa273]

I don't need 12 commandments either, in fact I find that 10 will do just fine.

Bernie madoff believes in the golden rule, thats why the majority of the people he scammed were joos.

Do unto others of your own kind; words to live by.

[johnsmdm]

you antisemite bastards!

[GaryNull]

nasty greedy jew

[lou737]

Madoff Moved The

Money To Israel

Amount May Be Closer To $100 Billion

Another jews rips off the USA. JEWS WHO INVESTED WITH MADOFF GET THE MONEY REFUNDED TO THEM IN ISRAEL

[Linsteadite]

The people who withdarw their money before the scam was expossed will no doubt leave the country with the money that they gained before they enact, what they call fraudulent conveyance measures to recoup money. This will be done to pay the financial lawers and government first, then the investors will get less than a cent for each dollar lost.

[1diocracy]

No doubt to Israel.

[oldjoe5]

You really think these uber rich folks aren't gonna get their money back?

[Ristar85]

Sam seems really smart/informed. too bad there's not enough time for him to elaborate stuff that he wanted to talk about.

[zutroy1]

Absolutely right, it would be good to see more of him of Al Jazeera. Peter Schiff as well is well informed and makes good important points, even if they are along a very narrow venue.

[Edinaldo08]

9:00 - "We are a globalized economy with localized regulators, hence the failure"

[Edinaldo08]

If there is any regulators left at all.

[hugolp]

There is a lot of regulation. A Chicago trader was sending information about Madoff Ponzi business to the SEC during 7 years. They did nothing. Whats good about regulations if its not inforced on goverment friends and is only enforced on big companies enemies?

Having a world wide regulation would only make things worst, because this big companies would have even more power.

[mouljran7]

always a pleasure hearing what peter schiff has to say

[wallydupa]

He's telling you that the American economy will collapse. What a pleasure to hear that!

[Skanktified]

Wally tells it like it is.

[naliuj]

would you rather be spoon fed lies?

[mouljran7]

the truth hurts..but if you listened to him in 2007 and took your money out of the stock market as i did.. you will understand why it s always a pleasure for me listening to him rather that the lies of the governmnet and the fed.