Bernard Madoff: Behind Bars
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 12 March 2009
⏱️ 50 minutes
🧾️ Download transcript
Summary
Bernard Madoff violated the trust and burned up the fortunes of 4800 people. He's likely to spend the rest of his life behind bars. But until now, has he been protected -- by a de-regulated financial system and a culture of greed? Also, the Iraqi shoe-thrower gets three years, and another Obama appointee steps down, this time from a high-level intelligence job.
Transcript
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| 0:00.0 | From PRI, Public Radio International and KCRW Santa Monica, this is To the Point. |
| 0:07.8 | Bernard Madoff, behind bars. |
| 0:13.8 | Hello again, I'm Armin Alney, and this is To the Point from Public Radio International. |
| 0:17.7 | A daily look at the issues Americans care about most. |
| 0:20.4 | Madoff told a federal court he was |
| 0:21.9 | ashamed and sorry, but that his massive Ponzi scheme was designed to satisfy his clients. The judge |
| 0:28.2 | accepted Madoff's guilty plea to 11 felony charges revoked his bail and sent him to jail. |
| 0:33.8 | He'll be sentenced on June 16th. Madoff cheated 4,800 people out of billions of dollars. |
| 0:39.9 | Is it possible he did it alone? |
| 0:41.9 | How could the SEC have investigated and found nothing wrong? |
| 0:45.8 | Is it enough to blame Madoff? |
| 0:48.0 | What's being done to make sure this doesn't happen again? |
| 0:51.4 | On reporter's notebook later on, another Obama appointee forced to withdraw. |
| 0:57.0 | First, here's the news. |
| 0:58.1 | Support for To the Point comes from subscribers of KCRW Santa Monica and from the Public Radio |
| 1:03.8 | International Program Fund, whose contributors include the Ford Foundation and the John |
| 1:08.4 | D. and Catherine T. MacArthur Foundation. Hello again, Mormon |
| 1:11.5 | Al-Nayback with To the Point. Bernard Madoff violated the trust and depleted the fortunes of |
| 1:16.2 | 4800 people. He is likely to spend the rest of his life behind bars. But up till now, has he been |
| 1:21.9 | protected by a deregulated financial system and a culture of greed. We'll look at those questions |
| 1:27.4 | today. |
| 1:28.2 | On reporter's notebook, Chas Freeman is the latest Obama appointee to step down after complaints |
... |
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