A prime example of Class Warfare
@thegreatdebater (7316)
United States
March 8, 2009 9:26am CST
There are many examples of class warfare in the last few years, but the recent ponzi schemes have reminded us how money can change everything. When you consider that fact that Bernard Madoff stole $350 Billion dollars from people, and he is still living in his $7 million dollar apartment living like a king, you have to wonder what has our judicial system come to. One of the more upsetting examples is that of Sir Allen Stanford, he is a Texas billionaire who ran a $50 Billion ponzi scheme. Sir Allen went on the run after the SEC found out about the scheme, and FBI found him in Virgina hiding from the law. But, instead of arresting him, like they would any common criminal, they served him paper, took his passport, and told him (like your mom did when you were a kid), don't do that again. At what point in time does money change our judicial system? And, should the law be changed to treat these rich criminals the same way we treat poor criminals?
3 people like this
9 responses
@xfahctor (14113)
• Lancaster, New Hampshire
8 Mar 09
I guess if you got money, then there is nothing wrong with the federal justice system in this country is there. I'm honestly waiting to turn on the news and see a report that someone turned around and assasinated one of those crooks and did the wordl a favor ridding it of slime and doing a job the courts refused to. You can only push people so far before they begin to push back.
2 people like this
@thegreatdebater (7316)
• United States
9 Mar 09
X, I think that public stoning in this case would be 100% acceptable. Madoff stole from everyone, in every class of people, he didn't care who you were, how much you made. Thus, I think that we should have a public punishment for Mr. Madoff.
@Taskr36 (13963)
• United States
8 Mar 09
Well they'll use the excuse that jails are overcrowded and they are dealing with it by not putting non-violent offenders behind bars. Of course if you believe that just tell a cop that you have some pot on you and see how quickly he puts your non-violent a$$ behind bars.
2 people like this
@irisheyes (4370)
• United States
8 Mar 09
I think they will get these guys eventually. It's just difficult to unravel some of their mess and it will take time to put together a solid case. I read somewhere that Madoff's wife claims that she was not involved in her husband's business and should be allowed to keep "her" money which is some 60 million or so. Pretty nice chunk of change for a housewife. Unfortunately for Mrs. Madoff, they've uncovered information she sent to a high school reunion where she claimed that she was still working in the investment business that she and Bernie founded. It's stuff like that that will probably nail the Madoffs and end their fancy life style but it has to be dug up and presented in court.
Still, I'm enough of a realist to know that Martha Stewart probably got a stiffer sentence than Keating of Savings & Loan notariety even though he brought disaster to the American taxpayer and Martha's crimes (if any) were a lot lighter. Guess there is inequality even among the rich.
2 people like this
@anniepa (27955)
• United States
9 Mar 09
I guess it's like another poster said, the laws that exist need to be enforced and judges have to stop allowing themselves to be influenced and intimidated by those who are rich and powerful. Madoff and his wife are the perfect example...how many of us "average" folks who break the law would have a spouse who could "claim" to have billions of his or her "own" money that the authorities can't touch?
Come to think of it, maybe the law should be changed to make jail time mandatory under cases like these and not up to the judge's discretion!
Annie
1 person likes this
@spalladino (17891)
• United States
8 Mar 09
The laws don't need to be changed...they need to be enforced. The issue of bail vs remand is a decision made by a judge and individual judges can be either harsh or lenient. I think many judges are intimidated by rich and/or famous criminals...or their legal teams...and this shouldn't be the case. Fair is fair and it irks me that folks like Madoff and Stanford receive special treatment.
2 people like this
@thegreatdebater (7316)
• United States
9 Mar 09
I think that law enforcement needs to hire people smart enough to out smart the criminals. Just like during the Enron days, the law enforcement isn't smart enough to figure out what is going on. I understand that these companies, and criminals, are smart and know their way around the law, but law enforcement doessn't have the resources, nor the intellect to combat these criminal minds.
@laglen (19759)
• United States
9 Mar 09
I understand how you feel. I feel the same. With Maddoff, his assets were frozen. So while he was staying at his house, he had no money.
@thegreatdebater (7316)
• United States
11 Mar 09
I agree Laglen, but he also tried to send over a million dollars with of items to family members, and friends during christmas. I am sure there are alot of people that have done the same thing as Madoff (just with less money), and are not sitting in a $7 million dollar apartment.
@suzzy3 (8341)
•
9 Mar 09
There is on law for the rich and one for the poor it has always been the same ,if a poor person is found shop lifting she is up before the magistrate straight away if a rich person does it they must be ill and get sent to the doctors.It does not surprise me at all that man is living in a seven million dollar house.What punishment is that,he should have had all his assets frozen disposed of and paid back to the people he had conned or robbed what ever the case maybe.Money is power and it talks loudly to many people are corrupt in places of power they look after their own no matter what happens.They should have been stripped of everypenny they had and slung in jail like the rest of us would have been,what a shock they would have not having the best of everything.Like I said before money talks.
@lucy19851120 (261)
• China
9 Mar 09
hello,evryone in th eworld all expecting the heal world,no warfare,no debate,but the fact tell us that deabate happens time and time,in china or other places the rich people usally emply the poor one to go to jail instesd of them,just like jailing ia a kind of job,and of course the rich can steal or grab feature at the time,just means the mess govenment,but i think if heal admitted ,we should catch the rich first ,of course whether rich or poor,when they are criminals should be treated as the same,









