Biggest Ponzi Scheme EVER!!!!!!!

On December 11, 2008 FBI agents showed up unannounced at the door of New York money manager Bernard Madoff, and arrested him for leading the biggest Ponzi scheme in Wall Street history in which he blew about $50 BILLION of investors' money. Just as puzzling, it all came crashing down when Madoff confessed to family members what he had done, that he was sure he was going to jail, and that he wanted to hand out the remaining 2-3 hundred million he had to family, friends, and employees. Following this confession, his own family hired a lawyer and then tipped off regulators as well as the FBI. This is yet another stain on the already damaged reputation of the financial industry in America, especially that of hedge funds. Hedge funds have remained un-regulated in the financial services industry and have been involved in one way or another in every scandal that has taken place in Wall Street. Once more, in a time when America's future and our ability to remain as a super-power depends heavily on foreign investment, we can not allow these kind of people to walk around freely. I heard a comedian say a while back that they were more frightened to walk through a corporation than the ghetto; "If I walk through the ghetto and get robbed, they might take what I have on my person, but I have never walked through the ghetto and been robbed of my future!!!!!"