Frontline is airing a special tomorrow (9PM, May 12th) titled » The Madoff Affair. Should be an eye-opener.
A statement Madoff made in court following his arrest caught my attention cuz it reflected my impressions of the Wall Street culture .. (after I watched » Inside the Meltdown) .. that it seems like everything on Wall Street is about turning a profit .. at any cost .. regardless of the suffering & misery their actions might bring to countless Americans. And that enough is never enough.
How can $50 billion not be enough? That's billion with a 'B' .. as in » $50,000,000,000.00 .. enough to turn 50,000 paupers into millionaires .. 25,000 hobos into multi-millionaires. Feed the hungry (steak & lobster for a lifetime).
Madoff's comments confirmed my impressions .. (nearly word-for-word) .. tho this mindset is difficult to understand, cuz life is short and (very obviously) no one gets out of here alive.
And I dare say he's not the only one. Madoff is merely the poster boy for Wall Street greed.
What kind of dysfunction drives such a culture? Hard to believe that greed alone is responsible .. and there are not more serious psychological defects at play.
