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Madoff Scapegoat
I posted this almost 3 months ago.
http://tpmcafe.talkingpointsmemo.com/talk/blogs/dmihm1/2009/04/hiding-behind-madoff.php
Since then most of the Wall St. Titans are still haggling over stock options and timeshares and private jet allowances in their CYA Severance Packages. They aren't being turned away from establishments or being turned out of their homes. Their firms are juggling TARP money and playing 'hide the salami' with their remaining funds.
But in that same 3 months Bernie Madoff has been on a fast track, financially turned inside-out, a trial and a verdict. It takes longer to get a trial over a parking ticket.
I haven't got much traction with my comment (below) on HuffPo or elsewhere. Nobody seems to have an opinion, let alone sharing mine. But the Wall Of Silence is nothing compared to the Corporate Media blackout and the Scapegoating of Madoff.
Comment:
Bernie Madoff was an isolated, insulated, Lone Wolf of the financial markets. Sure, he had to use a lot of the channels and bank systems and follow regulations just like most of the big actors. But he was alone. He in NO WAY represented GSaks or Merrul or Bofa or AiGee or even GW Buusch. I am sure FOX puts up a (D) next to his name whenever it appears on their airwaves.
He has been very useful as a public face and scapegoat. He alone swindled billions.
Large corporations and banks stole or wasted Trillions. Most of their principle actors are still very prominent and directing current policy.
Bernie Madoff is being used as a human shield by the Corporate Media to divert attention away from the Masters Of The Universe gang.
And he serves to persuade the viewers that our huge institutional and infrastructural problems are to be boiled down to One Man's Pathology instead of the truth - Massive fraud and corruption and institutional larceny and our whole system stacked so mercilessly against the citizen.
Madoff is just another version of the successful Media Mantra - A Few Bad Apples.
Of course I do not condone anything Madoff did. Turning him out of his home and seizing every asset seems the least they could do. But has even ONE IOTA of that indignity been the lot of the Wall St Titans?
http://tpmcafe.talkingpointsmemo.com/talk/blogs/dmihm1/2009/04/hiding-behind-madoff.php
Since then most of the Wall St. Titans are still haggling over stock options and timeshares and private jet allowances in their CYA Severance Packages. They aren't being turned away from establishments or being turned out of their homes. Their firms are juggling TARP money and playing 'hide the salami' with their remaining funds.
But in that same 3 months Bernie Madoff has been on a fast track, financially turned inside-out, a trial and a verdict. It takes longer to get a trial over a parking ticket.
I haven't got much traction with my comment (below) on HuffPo or elsewhere. Nobody seems to have an opinion, let alone sharing mine. But the Wall Of Silence is nothing compared to the Corporate Media blackout and the Scapegoating of Madoff.
Comment:
Bernie Madoff was an isolated, insulated, Lone Wolf of the financial markets. Sure, he had to use a lot of the channels and bank systems and follow regulations just like most of the big actors. But he was alone. He in NO WAY represented GSaks or Merrul or Bofa or AiGee or even GW Buusch. I am sure FOX puts up a (D) next to his name whenever it appears on their airwaves.
He has been very useful as a public face and scapegoat. He alone swindled billions.
Large corporations and banks stole or wasted Trillions. Most of their principle actors are still very prominent and directing current policy.
Bernie Madoff is being used as a human shield by the Corporate Media to divert attention away from the Masters Of The Universe gang.
And he serves to persuade the viewers that our huge institutional and infrastructural problems are to be boiled down to One Man's Pathology instead of the truth - Massive fraud and corruption and institutional larceny and our whole system stacked so mercilessly against the citizen.
Madoff is just another version of the successful Media Mantra - A Few Bad Apples.
Of course I do not condone anything Madoff did. Turning him out of his home and seizing every asset seems the least they could do. But has even ONE IOTA of that indignity been the lot of the Wall St Titans?
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Evidently, Bernie wasn't too big to fail.
June 30, 2009 4:16 PM | Reply | Permalink