I think it only fair that you are rewarded for your monumental effort that led to losing $61.7 billion in the fourth quarter of last year. A loss like that, which is the biggest in corporate history, certainly deserves a reward. It could've been worse, the fourth quarter loss could've been $61.8 billion, or $61.865 billion, thus recouping the amount their bonuses. Hey, I am a coffer's-not-as-empty-as-it-could- be kinda guy!
While there is much that is very fundamental about which I disagree with Jon Stewart, he was spot-on in his interview with Jim Cramer. Here is the three part, unedited, interview:
Yeah, yeah, yeah, Madoff pleaded guilty to 11 counts, but he and his wife are still worth over $800 million. What really infuriates me is that he is under no obligation to talk or disclose anything. Stewart's take away quote is worth taking to heart: "When are we going to realize in this country that our wealth is work?"