June 29, 2009

But with good behavior, he'll be out in 130...

Does anybody really think that Bernie Madoff deserves 150 years?

NEW YORK Convicted Wall Street swindler Bernard Madoff was sentenced to 150 years in prison Monday for a fraud that the judge called so "extraordinarily evil" that he needed to send a message to potential copycats and to victims who demanded harsh punishment.

Again, my preference would be to have fewer but more just laws and enforce them fully. But I suspect that if some kid kills me in a botched carjacking, he'll tell the judge that Mommy didn't love him and he'll be out in a few years. I'm glad this judge comprehends the importance of property rights, but I suggest that this sentence is part-and-parcel of a current bias against "money folk."

Philosophy Posted by John Kranz at June 29, 2009 4:52 PM

Would you feel better if he'd only been sentenced to 100 years? Or 50? He'd be eligible for parole at age 110.

For years, liberals have decried the sentences meted out to drug offenders as being overly harsh compared to white collar crime. Just proves the old adage that some people will complain if you hang 'em with a new rope.

Personally, I don't find the Madoff sentence excessive. He should spend the rest of his life cleaning toilets with his toothbrush. It's not like he was picking the pockets of unsuspecting tourists in Times Square to feed his kids. This guy ruined the retirement for thousands of people in order to live better than a king - and knew exactly what he was doing.

Posted by: Boulder Refugee at June 29, 2009 5:20 PM | What do you think? [1]