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We Were Outside Mark Madoff's Apt. Yesterday and Took These

IF this family is shambles, THEN it is merely a reflection of the economic destruction one or more family members has caused throughout the world wherever there were Madoff investors and willing speculators waiting to become one. The suicide was both an admission and an indictment of the vast majority of Wall Street movers and shakers, and it was intentionally timed this way. What was done by Bernard Madoff was simply more blatant and less technically clever than the derivatives and credit default swaps packaged and sold by AIG, Morgan Stanley, and the rest of the investment banking and insurance firms that nearly drove our economy into the dirt far more effectively than any al-Qaeda attack has threatened to do. Indeed, Osama bin Laden must be proud imagining that somebody had recruited Madoff as the perfect anti-Western sleeper cell. The fact that this fraud was undetected by the trading-side sons for so long is an indictment of their own willingness to avoid the due diligence that should have exposed all of this and prevented the accumulated harm decades ago. NOBODY who was conveniently blind to the massively awful truth is clean in this family while EVERYBODY was still enjoying the fruits of the fraud, investors included. Having been a headquarters employee of RTC/FDIC in Washington during the 1990s S&L Crisis, I can say this doesn't indicate anything good about federal securities or banking regulators, either.
— December 15, 2010 7:32 a.m.

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