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The Madoff Tapes
http://nymag.com/news/features/berniemadoff-2011-3/ ^

Posted on 02/27/2011 7:16:44 PM PST by kcvl

Bernard L. Madoff is in therapy. Each week, he waits for the signal that prisoners are allowed to leave their housing units, then he walks the five minutes from his “room,” as he calls it, to the psychiatric unit at the Federal Correctional Institution in Butner, North Carolina, where he can unburden himself. The sessions are often teary.

“How could I have done this?” he asks. “I was making a lot of money. I didn’t need the money. [Am I] a flawed character?”

In some ways, Madoff has not tried to evade blame. He has made a full confession, telling me again and again that nothing justifies what he did. And yet, for Madoff, that doesn’t settle the matter. He feels misunderstood. He can’t bear the thought that people think he’s evil. “I’m not the kind of person I’m being portrayed as,” he told me.

And so, sitting alone with his therapist, in the prison khakis he irons himself, he seeks reassurance. “Everybody on the outside kept claiming I was a sociopath,” Madoff told her one day. “I asked her, ‘Am I a sociopath?’ ” He waited expectantly, his eyelids squeezing open and shut, that famous tic. “She said, ‘You’re absolutely not a sociopath. You have morals. You have remorse.’ ” Madoff paused as he related this. His voice settled. He said to me, “I am a good person.”

(Excerpt) Read more at nymag.com ...


TOPICS: News/Current Events
KEYWORDS: government; madoff; ponzi

1 posted on 02/27/2011 7:16:51 PM PST by kcvl
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To: kcvl

Blah blah blah. He doesn’t need a psychobabbler. He needs to confess his sins and accept forgiveness for them.


2 posted on 02/27/2011 7:21:39 PM PST by Liberty1970 (Thanking God for many blessings :-))
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To: Liberty1970

It’s easy to have remorse when you are in prison.


3 posted on 02/27/2011 7:25:24 PM PST by Christian Engineer Mass (25ish Cambridge MA grad student. Many younger conservative Christians out there? __ Click my name)
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To: kcvl

Bernie:

No you didn’t need the money, you wanted the money - so you could spend it on stuff. But it wasn’t yours and you’re a criminal because you stole it from other people.

Deep down you’ll find that you’re dishonest.


4 posted on 02/27/2011 7:30:38 PM PST by JmyBryan
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To: kcvl
In the eighties, he said, he produced consistent returns of 15 to 20 percent, and he insists he did it legally. (The trustee representing Madoff victims says he can’t find records that Madoff ever traded, though the records are incomplete.) By the late eighties, he had, he estimates, $3 billion to $4 billion under management.
Sounds like his ponzi scheme goes way back... sort of like a private version of social security.

And, like social security, claiming a legitimacy it never had.

5 posted on 02/27/2011 7:36:27 PM PST by samtheman
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To: kcvl
‘You’re absolutely not a sociopath. You have morals. You have remorse.

What an utter pile of Madoff. Oh. yes, he's got tremendous remorse, remorse that his immorality caught up with him, that he couldn't continue his criminal enterprise. It seems therapy is not about dealing with the truth, only about getting you to feel better about yourself. I'm sure his victims take tremendous solace that he has morals, that he has remorse, that he feels terrible about what happened. So, his therapist doesn't think he's a sociopath. Certainly could never say he isn't a self-absorbed, ego-centric narcissist.

6 posted on 02/27/2011 7:37:12 PM PST by lbryce (BHO:Satan's Evil Twin)
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To: Liberty1970

Part of obtaining forgiveness is restitution.

If he does that he should be forgiven.


7 posted on 02/27/2011 7:37:42 PM PST by Dan(9698)
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To: kcvl

Well its refreshing to know that along with the one banker at least one therapist is in prison also.


8 posted on 02/27/2011 7:40:24 PM PST by nkycincinnatikid
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To: kcvl

Read the entire article, (which few will) and you might learn something.

How, for example, it is easy to fall. How many others are implicated. How we’ve all been there to one degree or another, mostly penny ante, trivial sins we’ve never paid for. And so on...


9 posted on 02/27/2011 7:41:31 PM PST by Revolting cat! (Let us prey!)
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To: kcvl

Frankly, I don’t give a damn.

He can and will no doubt rot in hell.


10 posted on 02/27/2011 7:42:28 PM PST by Carley (WISCONSIN STREET NO DIFFERENT THAN THE ARAB STREET. UGLY AND VIOLENT)
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To: kcvl
Poor Bernie ran afoul of all those New Deal disclosure laws and Big Government fairness regulations that flushed the principle of caveat emptor right down the toilet.
11 posted on 02/27/2011 7:47:04 PM PST by Walts Ice Pick
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To: JmyBryan
We once had a "thrill thief" in the office.

She wasn't a sociopath ~ her incentive was relatively sexual in nature.

When Bernie first got his gray hair he no doubt yearned for the good old days and found a way to MAKE IT HAPPEN!

12 posted on 02/27/2011 7:49:48 PM PST by muawiyah (Make America Safe For Americans)
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To: muawiyah

When you follow the story in the article, you see that this is exactly how the Social Security Ponzi scheme developed over the years.


13 posted on 02/27/2011 7:51:50 PM PST by Revolting cat! (Let us prey!)
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To: Revolting cat!
Well, it was for the "gray hairs" wasn't it.

Social Security continues to have a positive balance. You have a couple of major plagues, or maybe a meteor strike, it won't matter.

14 posted on 02/27/2011 7:56:00 PM PST by muawiyah (Make America Safe For Americans)
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To: kcvl

[Am I] a flawed character? Uh...YEAH!

Am I a Sociopath? Uh,... duh.

NEXT!


15 posted on 02/27/2011 7:57:10 PM PST by rbg81
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To: kcvl

The best punishment for this man, as for the Enron Jeff Skilling, rotting at some other Fed camp, would be to force him to make up for his victims using his own money, and you can bet that he (they) could and would in some percentage or another, given their talents and experience!


16 posted on 02/27/2011 8:03:13 PM PST by Revolting cat! (Let us prey!)
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To: kcvl
I fully believe that prisoners should be banished....no communication with anyone other than close family....no media at all....

Madoff is a typical crooked wall street sociopath.....doesn't think he really did anything too bad...

17 posted on 02/27/2011 8:23:51 PM PST by cherry
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To: Revolting cat!

He didn’t do penny ante sins. And, he continues to use the “everyone else was doing it” defense.

What I learned from the article was that he made definitive cruel choices and it bothers me that he now gets to live the rest of his life sponsored by taxpayers.


18 posted on 02/27/2011 8:37:03 PM PST by JmyBryan
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To: JmyBryan

His mother was running a brokerage firm out of their home. I think the mother and old man got nailed for that by the SEC back in the late 50s or early 1960s.


19 posted on 02/27/2011 10:07:41 PM PST by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: Revolting cat!

Oh yeah, bookmark. I’ve been waiting for this one all day.


20 posted on 02/27/2011 10:21:18 PM PST by BunnySlippers (I love BULL MARKETS . . .)
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To: samtheman; kcvl
Excerpt from Madoff to NY Magazine: Government a Ponzi Scheme - AP, by Larry Neumeister, 2011 February 27

It takes a thief... It takes one to know one...

This con man knows whereof he speaks - he is not the biggest pyramid scheme artist in the history of the United States...

21 posted on 02/27/2011 11:07:42 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: JmyBryan; kcvl
And, he continues to use the “everyone else was doing it” defense.

Worse than that, he is blaming everyone else for their "greed" and for "not figuring out and stopping his scheme."

Excerpt from - NYP, by Josh Kosman, 2011 February 28

A real soul-searching sweetheart...

22 posted on 02/27/2011 11:48:21 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy
LInk to article - Madoff: Son tried to get out - NYP, by Josh Kosman, 2011 February 28
23 posted on 02/27/2011 11:52:23 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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