Bernie Madoff pleads guilty to 11 felonies:report

[Roland99]

Source: MarketWatch

Accused $50 billion swindler Bernard Madoff pleaded guilty in Manhattan Federal Court Thursday to 11 felony counts, according to a published report. Reuters reported that Madoff conceded that he swindled billions of dollars from investors over at least two decades, in what has been called the largest Wall Street scam in history.

Read more: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BC9436097%2DF6DA%2D4E9C%2DB3B7%2DBAAD2FF53BB5%7D

[Tommy_Carcetti]

1. So now that this douche is officially adjudicated guilty by a court of law....

...can someone please escort him to a jail cell immediately, and not let him spend one more night in a million dollar Upper Manhattan penthouse?

[closeupready]

2. When is sentencing?

??

[disndat]

4. He doesn't look very contrite

or worried, Probably made a good plea bargain deal, or plan to make an "exit" like Ken Lay.

[Rashel]

5. That's what I'm thinking. Sure was a quick guilty plea. He's got some sweet deal I'll bet.

[hugo_from_TN]

10. Sentencing set for June 16

[Alcibiades]

3. The largest Wall Street scam in history

is the TARP.

[Rashel]

6. Kinda funny that the ad above says "Leave a Legacy".

[spotbird]

7. We are to assume he acted alone?

No trial means this disappears quickly. In a few years he'll get some sort of compassionate release.

What shit.

[Roland99]

8. Madoff: "felt compelled to meet client expectations"...

as he stole from charities, pensions, hedge funds, etc.

[closeupready]

9. Never failing to take his cut, of course, in the process.

n/t

[Roland99]

11. Judge reported to want to remand Madoff into custody until sentencing

[Sydnie]

12. And did

He is off to jail right now.

[Roland99]

13. I have to kind of agree w/Kudlow today. Capital Punishment for these f****rs

[Sydnie]

14. I would like to see them on display everyday ... in stocks

with baskets of rotten vegetables and fruits for free to anyone who can show a negative to their accounts due to this guys actions (an that could be all of us!). He should have to sit, day after day after day and listen to the people releasing their frustrations on the person that thought he was smarter than everyone ... and just proved to be an criminal asshole.

[pinniped]

15. This asshole claims to be sorry, but billions still go missing.

Sorry my ass.

[tonysam]

16. Madoff is Sorry, All Right.

Sorry he got caught.

The guy has the best last name since Bob Dole.

[Thickasabrick]

17. I know it's weird....but I feel sorry for him. I know he deserves his

punishment but for some reason all I feel right now is pity for him and his victims. I guess I believe his story that he started out trying to meet everyone's expectations - and he just continued to dig himself in deeper. I'm not excusing him at all, I just don't think he is the essence of evil either.