Bernie Madoff: ‘The whole US government is a Ponzi scheme’
Bankers should be convicted, swindler tells NYMag
If there's one person who knows a Ponzi scheme, it's Bernie Madoff, the perpetrator of the largest one in world history. And now, locked away in prison, he claims that it wasn't just him, or even just the financial sector.
Madoff believes the entire US government is a Ponzi scheme.
In an interview with New York Magazine's Steve Fishman, Madoff sought to "set the record straight," and unloaded on the state of financial regulation in the United States and the impropriety of the banks.
He said Wall Street deserved a large share of guilt in bringing about the financial crisis, and that some bankers deserved to be indicted for crimes.
"It's unbelievable, Goldman … no one has any criminal convictions," Madoff told Fishman.
"The whole new regulatory reform is a joke. The whole government is a Ponzi scheme."
If there's one person who knows a Ponzi scheme, it's Bernie Madoff, the perpetrator of the largest one in world history. And now, locked away in prison, he claims that it wasn't just him, or even just the financial sector.
Madoff believes the entire US government is a Ponzi scheme.
In an interview with New York Magazine's Steve Fishman, Madoff sought to "set the record straight," and unloaded on the state of financial regulation in the United States and the impropriety of the banks.
He said Wall Street deserved a large share of guilt in bringing about the financial crisis, and that some bankers deserved to be indicted for crimes.
"It's unbelievable, Goldman … no one has any criminal convictions," Madoff told Fishman.
"The whole new regulatory reform is a joke. The whole government is a Ponzi scheme."
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