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March 13, 2009

Your Turn: Off To The Joint

madoff1jpg.jpg

Corrections Ctr Madoff.jpg

We’ve now got the outside and the “inside” view.

The first photo comes by way of Getty photographer and friend-of-The BAG, Mario Tama. Seems you can go a lot of directions with the effect. There is Bernie in the ultimate spotlight. There is also the almost supernatural dimension of the crime. (For more detail on the latter image, check out the captions below.)

(image 1: Mario Tama/Getty. March 12, 2009. image 2/caption: This undated photo released by the Metropolitan Corrections Center shows a jail cell at the facility in New York. A 7 1/2-by-8 foot cell such as this will house disgraced financier Bernard Madoff, 70, who was ordered to jail Thursday, March 12, 2009 after pleading guilty to an epic fraud that robbed investors worldwide of billions of dollars. (This copy came from a related photo:) Multimillionaire swindler Bernard Madoff is leaving the luxury of his Manhattan penthouse to become just another inmate in a crowded jail. The 70-year-old former Nasdaq chairman who pleaded guilty to fraud on Thursday in one of the largest Ponzi schemes in history, will likely share an 8-foot-by-7-1/2-foot cell with another inmate while he awaits sentencing, scheduled for June 16 by Judge Denny Chin.)

  • Asta

    Well, my first thought was: Low maintenance.
    At least he has a bed, a toilet and a roof over his head, and 3 meals a day, plus free health care.
    I suspect a lot of the people he robbed don’t have all of the above after he finished fleecing them.

  • sherry

    i think the guys a crook but will also be used to show they are “tough” on this kind of crime, when folk do it all the time, and get away with it. am surprised he didn’t have a heart attack, die and be taken away in the night like kenneth lay.

  • jackypappas

    Go into the light, Bernie. Go into the liiiight.

  • Jay Bird

    Notice the photographer to the left of the halo with the fedora and the press pass stuck in the hat band. Cool….all we need now is a kid in knickers shouting “Extra Extra, read all about it!”.

  • Gasho

    Sherry.. I had that exact same Ken Lay thought. My take was that.. oops–he missed his window of opportunity.
    Looking at the photos..
    The glowing orb to which Bernie is about to touch his nose does suggest “the absolute” and seems religious. He, however, is about to plunge into a deceptively white and tidy HELL.
    He may be thinking some highly religious thoughts right about now, but they probably aren’t about pure white glowing light.. He’s got to be feeling pretty spiritually impure, I’d imagine.

  • http://msm.grumpybumpers.com/ mcc

    Heh… it’s the Obama logo. And it’s angry.

  • MS

    Wonder what happened to Madoff’s money? Wonder why Madoff pled guilty on all counts?
    I like this explanation:
    Madoff & the Russian Mob

    a very well connected intelligence source told me that Madoff’s sons turned him in because he had lost so much money owed to Russian mobsters that they figured the only way Bernie was going to live was in government protection.

  • cenoxo

    During this multi-trillion$ financial upheaval, it’s surprising how little we’ve heard about multinational organized crime taking advantage of the opportunity (after the multinational banks and corporations, that is).
    The Mafia is thoroughly entwined in the Italian economy (2007 article) and probably saw things coming. They’ve now become lenders of last resort (so to speak: make me an offer I can’t refuse) to many businesses there. From the WaPo March 1, 2009 article, As Italy’s Banks Tighten Lending, Desperate Firms Call on the Mafia:

    As banks stop lending amid the global financial crisis, the likes of Mauro are increasingly becoming the face of Italian finance. The Mafia and its loan sharks, nearly everyone agrees, smell blood in the troubled waters.
    “It’s a fantastic time for the Mafia. They have the cash,” said Antonio Roccuzzo, the author of several books on organized crime. “The Mafia has enormous liquidity. It may be the only Italian ‘company’ without any cash problem.”
    At a time when businesses most need loans as they struggle with falling sales, rising debt and impending bankruptcy, banks have tightened their lending to them.
    Italian banks, which for years had been widely criticized for lending sparingly to small and medium-size businesses, now have “absolutely closed the purse strings,” said Gian Maria Fara, the president of Eurispes, a private research institute.
    That is great news for loan sharks. Confesercenti, the national shopkeepers association, estimates that 180,000 businesses recently have turned to them in desperation. Although some shady lenders are freelancers turning profits on others’ hard luck, very often the neighborhood tough offering fat rolls of cash is connected to the Mafia, the group said.
    “Office workers, middle-class people, owners of fruit stands, flower stalls are all becoming their victims. . . . We have never seen this happen,” said Lino Busa, a top Confesercenti official. “It is as common as it is hidden.”

    Can American wise guys be far behind?