How do you swindle $50 BILLION out of anyone, with a name like Bernard? He had to be the only Bernard ever to receive money from the Jewish community, except for that $100 Bernard Jackson won in the Passover Brownie eating contest at his high school classmates bar mitzvah(excuse my attempt at a Dennis Miller rant). But either way, Bernard Madoff was able to have individuals, corporations, churches and non-profits give him billions of dollars without any paperwork? Obviously none of his victims went to an HBCU because everyone knows rule #1, "You got to have your paperwork". Moreover, this is my main issue with the entire situation, one must feel extremely comfortable with doing business this way if they are willing to part with that type of coin on a handshake, with the promise x return and no questions asked. It's tough for me to think he accumulated this monumental amount of money all from first time "investors". And if that's true, you're telling me these "investors" have actually "invested" this way before and received 'x' return without even seeing the company letter head?
So I guess my question really is, will America ever get out of debt, if the way we do business is to fall for the best pansy scheme?
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