Sunday, May 03, 2009

Michael Moore: Bernie Madoff, Scapegoat

Michael Moore: Bernie Madoff, Scapegoat: "Which is too bad. Yes, he stole $65 billion from some already quite wealthy people. I know that's upsetting to them because rich guys like Bernie are not supposed to be stealing from their own kind. Crime, thievery, looting -- that's what happens on the other side of town. The rules of the money game on Park Avenue and Wall Street are comprised of things like charging the public 29% credit card interest, tricking people into taking out a second mortgage they can't afford, and concocting a student loan system that has graduates in hock for the next 20 years. Now that's smart business! And it's legal. That's where Bernie went wrong -- his scheming, his trickery was an outrage both because it was illegal and because he preyed on his side of the tracks."