We've all heard about the fall of Bernard Madoff, who is believed to have squandered $50 billion in a "giant Ponzi scheme." What has gotten less attention, however, is Madoff's extensive campaign contributions to many Democrats over the years.
Madoff's extensive Let us ask should politiciansLet us ask. First, should politicians and political groups who received contributions from Madoff hand them over to the authorities with the aim that some of it might be returned to investors whose money he squandered? It's become common practice to return campaign contributions from unsavory individuals.
Second, the SEC admitted it dropped the ball of Madoff. But where was the "Sheriff of Wall Street" then-Attorney General Eliot Spitzer (1999-2007) when this was going on? If there were "red flags" about Madoff's operation, then why didn't the AG's office pick up on them?
TrackBack URI for this entry
Subscribe to this comment's feed
written by spunky , December 21, 2008
Imagine if he was funded by Republicans - oh, the outrage we'd be seeing!
written by Jay Golub , December 22, 2008
At least Lautenberg got some contributions, considering it was reported he lost millions in the scam...
written by Quickjustice , December 22, 2008
He also gave money to Vito Fossella and Billy Tauzin. It would be interesting to look for a pattern among his donees.
| < Prev | Next > |
|---|
