Monday, June 29, 2009

Headline You Won't See Today: 'Schumer Pal Gets 150 Years'

By now you're aware the loathsome Bernie Madoff has received a 150-year sentence.
Bernard Madoff, the former Wall Street financier that pleaded guilty to defrauding clients out of billions in an unprecedented Ponzi scheme, was sentenced to 150 years in prison Monday.

It was a crime of epic proportions - one that wiped out fortunes, drained retirement nest eggs, ruined charities and foundations, and even pushed some investors to commit suicide.

Several hundred spectators piled into the federal courthouse in Manhattan to hear Judge Denny Chin's ruling on Madoff's fate.

Before the sentencing, Madoff apologized to his family and to the victims of his multibillion-dollar fraud scheme.

The 71-year-old financier said that he "will live with this pain, this torment, for the rest of my life."

Madoff also expects "to live out his years in prison," his lawyer said.
Throughout this case we've repeatedly noted Madoff's close association and enormous contributions to Democrats, notably Chuckie Schumer, who is conveniently unavailable for comment.

Your assignment for today, boys and girls: See if you can find a single news story today that notes Modoff was a Democrat sugar daddy.

Good luck.

Back during the Enron fiasco, it was noted often that Ken Lay and Enron executives had contributed to Republicans (as well as some Democrats). We simply wonder why the same level of scrutiny is applied to Madoff and his coziness with Democrats?

Oh, and for the record, Schumer also received contributions from Enron.
The company backed Charles E. Schumer (D-N.Y.) in his successful 1998 campaign to oust Republican Sen. Alfonse D'Amato. Schumer's views on electricity deregulation dovetailed closely with Enron's. Two years later Schumer, who has advocated deregulation as a way of reducing New York state's high power costs, co-authored a bill to restructure electricity markets along lines favored by Enron.

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