News Columns & Blogs

Madoff should be just the beginning

Given the loot stolen by investor Bernard Madoff and the lives he ruined, the maximum 150-year sentence imposed today seems just — if symbolic, given that he's 71. But Madoff and one of his accountants, who also has been criminally charged, represent just a sliver of the global financial collapse. Texas billionaire R. Allen Stanford faces charges of bilking investors, too. But where are the other perp walks, prison sentences and accountability for what has cost so many investors so much?