Democracy Now! 6/30/09 - Judge Sentences Madoff to 150 Years (1 of 1)

Judge Sentences Madoff to 150 Years, But Will Regulatory System that Allowed Massive Financial Fraud Really Change?

Bernard Madoff, the convicted mastermind behind one of the biggest financial frauds in US history, was ordered Monday to serve 150 years in prison, the maximum sentence allowed. Madoff pleaded guilty in March to running a massive Ponzi scheme that defrauded investors of some $50 billion. Federal District Judge Denny Chin said it was important that the severity of the sentence serve as a deterrent to future offenders. We speak with financial journalist, Bethany McLean of Vanity Fair.

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