An American Lion

This is where Norman Rogers practices the manly art of curation.

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The Frisky Mole Boy of Groton

Norman Rogers recounts the summer he spent hiding from the stern love of his father and living as the world-famous “frisky mole boy” in the Groton, Connecticut sewer system. The Frisky Mole Boy of Groton seduced the women of the town and solved crimes, all while subsisting on a steady diet of depravity and confusion.

Rampage of the Innocents is my unfinished but brilliant Historical Romance Novel (now, with more sex and violence for my teenaged readers)

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    An American Lion

    Entries in Corruption (249)

    Wednesday
    Sep012010

    Ed Schultz Does Not Know Why People Have Rejected Him

    The delusions of Ed Schultz are beginning to form their own legend:

    In the insecure world of show business, there’s nothing worse than the feeling of being upstaged. That’s why for libtalker Ed Schultz, the thought of a cable rival pulling off a wildly successful event such as Glenn Beck’s Restoring Honor rally is painful to endure.

    Of course, ideological politics are heavily at play here as well, that’s why Schultz sees a role for his pinky ring-wearing thug pals: with union help, we could EASILY top Beck’s turnout!

    Schultz doesn’t understand the concept of commercial broadcasting; he has achieved about as much as he’s ever going to achieve and no amount of “gaming” the system is going to help him do any better. This is where the wave breaks on the shore and pulls him back down into a local gig talking to himself at 3 AM. It’s really very sad, when you think about it. If only all of the famous, powerful liberals of the day would give him hours and hours of their time in order to give him mediocre ratings, right? Well, that ship has sailed. Schultz will disappear any day now, and no one will take note of his removal.

    I have mentioned this before, but there’s no better indication as to what happened to the liberal movement than to see that Air America is gone and conservative institutions are thriving, such as Blackwater (Xe) and Fox News. Remember when they were going to take over things and show us how things work when the adults are in charge? What we really got was bullshit and corruption. Look at them line their pockets and run for the hills. Schultz has turned-out pockets and a dusty nickel to show for his efforts and that’s why he’s so foaming-at-the-mouth angry. Everyone cashed in except him.

    So much for the revolution. Does Ed Schultz realize that even liberals don’t like him very much?

    Sunday
    Aug082010

    Yet Another Failure to Act in the Defense of the United States of America

    Three federal police agents were gunned down along a highway in Puebla state in July. (Ulises Ruiz Basurto, EPA)Few things bother me more than the out of control drug war in Mexico. Well, that's a misnomer. This war spans most of Mexico and the American Southwest. It has spread into the suburbs of Phoenix, throughout Texas, and is being played out wherever the drug cartels operate. So, really, this is a war that has real implications for the safety and security of American citizens and, to be be really real, it has nothing to do with illegal immigration. The illegal immigrants are too poor to buy the prime weed being smuggled into this country, you see.

    My friends at Stratfor have long been on top of this issue, but here's a particularly good piece from the Los Angeles Times:

    Nearly four years after President Felipe Calderon launched a military-led crackdown against drug traffickers, the cartels are smuggling more narcotics into the United States, amassing bigger fortunes and extending their dominion at home with such savagery that swaths of Mexico are now in effect without authority.

    The groups also are expanding their ambitions far beyond the drug trade, transforming themselves into broad criminal empires deeply involved in migrant smuggling, extortion, kidnapping and trafficking in contraband such as pirated DVDs.

    Undeterred by the 80,000 troops and federal police officers arrayed against them, gunmen frequently take on Mexican forces in the open. Operatives of one group, the Zetas, did so in northern Mexico this spring when they blockaded army garrisons. In June a group believed to be linked to another organization, La Familia, ambushed federal police in the western state of Michoacan, killing 12 officers in early morning light.

    If three or five or twelve law enforcement officers were gunned down in this country by the Zetas, it I want to believe that it would cause a sensation. It would spark outrage. It would motivate us to do something, no matter how feeble or misguided. And yet, this is happening on a regular basis in Mexico as this war spins off into new areas of corruption and greed. It is, in fact, being played out here now but not on a scale necessary to draw the American people into a substantive debate on whether or not our government is doing enough. In fact, we are not doing anywhere near enough. This fellow Calderon is no partner and he is no leader. He is symptomatic of Mexico's corrupt political establishment.

    When will someone in a position of power wake up and realize just how devastating this problem could be if the wrong gunmen shoot the wrong law enforcement officers on the wrong side of that porous border?

    Monday
    Jul262010

    Another Slaughter in Mexico

    Christ of the Noas, Torreon, MexicoI should be writing more about Mexico, and the drug war, but the subject is never an easy one to explain or understand. When things like this happen, I can't help but feel like there's a missing piece to the puzzle of what to do:

    Gunmen who killed 17 people at a party in northern Mexico earlier this month were let out of prison to carry out the attack, state prosecutors say.

    Guards at a prison in Durango state are accused of lending the inmates weapons and vehicles to commit the murders in neighbouring Coahuila state before returning them to their cells.

    The same group of prisoners are thought to have carried out other killings.

    The prison director and at least two other officers are under investigation.

    Is it as simple as corruption, or is it something more? Is it a situation where corruption increases because of the fear of being killed? Does the senseless killing and the disappearance of people cause more corruption than normal?

    Is it a war? No, it's not a war. It's a contest between criminal gangs and the government. It may seem like a war, but it's a rule of law issue, and the rule of law isn't winning. The corruption of Mexican society has seen to that.

    In any regard, Mexico is simply not under the control of the local authorities because those same authorities have utterly given up on the idea of doing anything to thwart the ambitions of the drug cartels. Everything becomes a self-fulfilling prophecy--the distance between honest governance and what we have now is immeasurable. If Sicily is worth comparing to Mexico, then so be it. I think a lot of the problems with the monetary control that the drug cartels have over Mexico could be solved by legalizing certain drugs in America. That's not going to happen, nor will it survive a popular appraisal, but the reason why the cartels are ruling Mexico with a bloody first is because they have an abundance of money, and money buys everything.

    Saturday
    Jul242010

    No One Cares What Ed Schultz Has to Say

    Now that the Democrat Party is consolidating its hold on power around two very easy to understand principles--money and incompetence--there's no need to listen to the carping of progressive pundit Ed Schultz:

    MSNBC's Ed Schultz tonight slammed President Obama's White House for its handling of the Shirley Sherrod debacle, suggesting that Obama and his team are afraid of Fox News and don't use progressive media enough.

    Speaking to a roaring opening night crowd at Netroots Nation at the Rio casino here, Schultz cursed through a spirited critique of Obama. Schultz pointed to the camera and said he was glad the speech was being recorded and wanted the White House to hear his message. Schultz also leveled insults at conservative Democratic Sens. Blanche Lincoln (AR), Ben Nelson (NE) and Mary Landrieu (LA), along with Sen. Joe Lieberman (I-CT), who the netroots helped boot from the party in 2006. Schultz said he didn't care if Democratic Senators boycott his show because he doesn't need them for ratings. He also said that MSNBC "did a hell of a job fighting for health care."

    I think that the hurt feelings are really at the crux of all this:

    Schultz said Democrats have failed to live up to their own platform passed at the Democratic Convention in 2008 and he challenged the activists and bloggers in the crowd: "If I've got the balls to say it, you better have the balls to write it."

    He said he supports primaries as needed to keep the party's moral compass. "We have to do our vetting process. You're either with us, or you're against us in the progressive movement in America," he said.

    He also complained that Obama hasn't gone on his show or sat recently for interviews with Keith Olbermann or Rachel Maddow, adding that during the campaign, "I busted my ass for Obama." Schultz said that instead of going on The Ed Show, Obama went on Bret Baier's show on Fox, "in my time slot. What's that all about?"

    Schultz said he's "not anti-Obama" but wants to "change some plays" to help the Democrats win in November. Schultz said when former President George W. Bush was in trouble, he talked to the base. "You know what this outfit does? They react to Fox," he said.

    In effect, Ed Schultz is seeing what happened to Air America, and he knows that his own tenuous grasp on mainstream access is slipping. There isn't much of a business model in being a cheerleader for a rapidly failing administration that won't give you access and wants to kiss the ass of your direct competition. The current administration is locked in a struggle to command the center, and they're losing. Every single day that goes by, more political capital is gone and the landslide of 2008 recedes further and further in the distance. While I am pretty happy at how things are going for me--Wall Street is happy, and so I'm happy--I have to point out that this is a pretty clear indication of impending doom.

    You see, I would be happy if a Republican were in the White House. Well, lo and behold, here's something Ed Schultz and I agree on--we already have a Republican in the White House, but he calls himself a Democrat in order to confuse people as to what his administration is all about. I know there are a lot of hurt feelings out there. Grow up. You didn't think he was going to be your new personal hero, did you?

    Thursday
    Jul222010

    Bend Over, I'll Drive

    Follow the herd...I think that what Mr. Ambinder is saying here should be clarified:

    The Idea Conservatives and the White House can complain all they want about the focus of the press or the activists, but this is the way the world works. The White House -- any White House -- struggles to drive a narrative. Drudge used to drive a narrative. Now, Fox News, and how liberals and the White House react to Fox News, drive narratives. 

    This is typified by a musty old quote I found somewhere:

    In the summer of 2002, after I had written an article in Esquire that the White House didn't like about Bush's former communications director, Karen Hughes, I had a meeting with a senior adviser to Bush. He expressed the White House's displeasure, and then he told me something that at the time I didn't fully comprehend -- but which I now believe gets to the very heart of the Bush presidency.

    The aide said that guys like me were ''in what we call the reality-based community,'' which he defined as people who ''believe that solutions emerge from your judicious study of discernible reality.'' I nodded and murmured something about enlightenment principles and empiricism. He cut me off. ''That's not the way the world really works anymore,'' he continued. ''We're an empire now, and when we act, we create our own reality. And while you're studying that reality -- judiciously, as you will -- we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors . . . and you, all of you, will be left to just study what we do.''

    The liberal establishment is still bent over the chair and the conservative media establishment is still firmly in control of everything Americans see and hear. The dynamics haven't really changed over the past decade. I have pointed out numerous times that it's no accident to see the former Blackwater corporation thriving with government contracts and to see Air America belly up and dead on the ash heap of history. It's all about making money, and the wheels have to be greased a certain way in order to line the coffers of the people who know how this works. If you don't know how it works, prepare to be left behind.

    I don't expect that to change anytime soon and I don't care a whit about this. Cowboy up, or get out of the game.

    Sunday
    Jul112010

    I Can't Wait For the Impeachment Proceedings to Begin

    The Coast of MaineSome fellow named Duncan Black said this on Memeorandum:

    So let's say Obama's people have correctly deduced that there's no chance in hell of getting anything through Congress. They have two basic options. First, they could get on the teevee every day and say, "This is my plan to help. Republicans in Congress won't pass it." They could hold rallies in Maine. Allies could run ads. At least people would know who is for and who is against...and just what it was that people are for or against.

    Option two is back off proposals you've previously made and have Axelrod get on the teevee and say, "there is some argument for additional spending in the short-run to continue to generate economic activity.”

    I would say that this is where America finds itself, July of 2010.

    There is "control" of Congress and then there is "operational control of the legislative process." People believe that, because the foundering and incompetent Democrat party holds "control" of Congress that it should then have a lock on what goes in and what comes out as far as legislation is concerned. This is the difference between having self-described leaders and actual leadership in place. Yes, you have the title. But can you lead? If not, so long. Life is not a vanity project. The wheels turn, and the incompetent are flushed like turds before your eyes.

    In reality, the Democrat Party reacts in horror when it is in the minority (out of control of Congress) and sees the Republican Party run things the way that any decent businessman would run his business--with an iron fist. The Democrat Party faints on the couch straightaway when simple majorities are used to pass bills. What the devil is the filibuster anyway but something that dead old Robert Byrd would wax eloquent about? Kill it and don't look back. Tradition is for the hide-bound and the intellectually lazy.

    Can't get what you want out of the House? Then scare the crap out of whoever won't toe the party line. It's called discipline in the caucus. If you don't have it, you'll dither and collapse. Your party will lose Congress as soon as someone can run the tables. You'll get nothing accomplished and you'll lose members left and right.

    Really, I'm basically an idiot and I can see this. Why can't the Democrats?

    The only way to advance your agenda is to step on toes and ram it down the throats of whoever stands in your way. George W. Bush never had the majorities in Congress that President Obama has but the Republican Party has almost always had control of the caucus. It makes all the difference in the world.

    Go back to the 1830s and 1840s and read about how legislation was passed in those days. People were bought off, run out of town, and libeled in the press. Money and corruption were endemic but things got done. And whoever didn't like it ended up like old Henry Clay--always the bridesmaid, never the bride who gets elected President (yes, I'm reading the new book on Clay and it's masterfully done).

    So long, Democrats. Your high-mindedness really makes you look like the pack of buffoons you really are. 

    Wednesday
    Jun302010

    Did You Think He Was Going to Bend Over and Take It?

    AIGI hate to be crude, but the idea that the former CEO of AIG would show up before Congress and take an ass whipping similar to that of BP CEO Tony Hayward is a little hard to believe:

    The British-born former AIG chief executive Martin Sullivan drew derision from US politicians by admitting he knew virtually nothing about the insurance company's vast exposure to complex financial insurance products until the credit crunch sparked early signs of a meltdown at the near bankrupt firm.

    A US inquiry panel investigating the financial crisis quizzed Sullivan and several fellow former AIG bosses including Joseph Cassano, who ran the firm's financial products arm in London, about the collapse of AIG in 2008 that culminated in a government bailout costing $182bn. Its problems have been pinned on ill-fated derivatives contracts of more than $1tn.

    There was little in the way of apology from the executives. Sullivan, a lifelong AIG employee who was once lauded as Britain's most influential businessman in the US, delivered a shoulder-shrugging performance in which he said he was unaware of crucial contractual terms in AIG's financial products until the middle of 2007, when Goldman Sachs began making multibillion dollar collateral calls on the firm. "I only became aware of the CDS [credit default swap] portfolio in 2007," said Sullivan. "I was receiving reports, but they didn't indicate any problems with the portfolio."

    Once you start to trash people in front of your Congressional committee, the people who find themselves being called forward to testify get smart and develop strategies for deflecting criticism. They hire professionals to coach them. They develop a legal strategy that is designed to get them off the hook or turn it back on the Congress. Being called in front of Congress is like wading into a bum scuffle with your pants down.

    The last think anyone is going to do is admit culpability and say they are sorry. Humility is what they teach little children to use when they want to get a cookie out of a jackass.

    Tell the truth to a Congressman? Heavens, no. It's become so adversarial, I'm waiting for a witness to leap up, grab their chest, and fall into the microphones with a flourish.

    Tuesday
    Jun292010

    This is Why Chicago is the Sewer of America

    Hey, Chicago--can I move in?It's not the Second City anymore--it's Murderopolis. Nothing will improve for the citizens of Chicago until the corrupt Daley machine is finally broken and destroyed:

    As expected, Mayor Daley and Chicago's City Council are circling the wagons to defend against an unfavorable decision by the Supreme Court concerning the city's gun ban.

    Daley said the city would have in place a new ordinance aimed at making it difficult to purchase and own a gun in Chicago.  

    "We'll publicly propose a new ordinance very soon," Daley said at an afternoon press conference concerning the gun ban.

    "As a city we must continue to stand up ..and fight for a ban on assault weapons .. as well as a crackdown on gun shops," Daley said. "We are a country of laws not a nation of guns."

    No one wants a shootout in an urban area. It's a good idea to regulate, in some way, the use and sale of guns in large urban areas. It's not a good idea to disarm the population and leave them to the mercy of criminals who abuse lax gun laws in other areas and import them into a city that is helplessly incompetent and run by fools.

    This is not a failure of the character of the people of Chicago. This is a failure of a political regime that is one of the most corrupt in human history to effectively police, organize, and lead a city full of people who have been reduced to victim status because of a crime wave. There's nothing worse than a city and police administration that can't do anything to protect its citizens; Chicago is evidence that if you can't run things, and won't give up power, you're going to get people killed. Every time someone in Chicago is a victim of a dangerous crime, it's further proof that the Daley machine is killing the people it used to be able to protect.

    Are the people of Chicago smart enough to figure this out? Probably not. I see nothing but parades and election wins for the incompetent Mayor Daley. Which one of his kids will run things when he's gone? Or will his brother John run things?

    Monday
    Jun212010

    The United States Supreme Court, Incorporated

    AlfalfaI don't much like judicial activism, so when I see the Supreme Court do something that I don't agree with, I do tend to get my undies in a bunch. I cannot help but see the new corporatist bent of this Supreme Court. Back in the day, I'd applaud this sort of thing--I am a man of corporations and money. I worship at the altar of the business world. Can I wear a U.S. dollar in my lapel? Can I tell you something--America is best when business is king.

    In my old age, I have been confronted with my brilliant grasp of history, law, and ethics. I know these things inside and out. I am master of the collision of politics and law and money. I know of which I speak, and this is not a good thing for the long-term health of this republic:

    The Supreme Court has lifted a nationwide ban on the planting of genetically engineered alfalfa seeds, despite claims they might harm the environment.

    In a 7-1 vote Monday, the court reversed a federal appeals court ruling that prohibited Monsanto Co. from selling alfalfa seeds that are resistant to the popular weed killer Roundup. Justice Stephen Breyer took no part in the case because his brother, Charles Breyer, is the judge who issued the injunction.

    It was the first Supreme Court decision involving genetically modified crops.

    It won't be the last time, I gather, since genetically modified crops are the way of the future. This is because we have animals to feed and people to feed, most of whom are overseas. Americans are fed quite well, thank you very much. There's money to be made from the starving masses overseas.

    Should we use genetically modified crops? Sure, if they've been tested and won't harm people. This all started because a judge felt that this product hadn't been studied enough. Do you want someone you love to glow in the dark and crap strands of diseased colon? Of course not. The problem here is that genetically modified alfalfa wasn't given an assessment based on how it is combined with a herbicide manufactured by Monsanto. A judge said, no, you can't roll this out until you test how this works. What sane person would have a problem with that? I want Monsanto to make money and I want the alfalfa yield to be higher than it is now. That's good for America.

    If you fail to take these concerns into account, you are whistling past the graveyard, sir:

    Concerns with Roundup Ready Alfalfa:

    1. Increasing Monsanto Control Over Farmers

    Like Monsanto's other biotech varieties, farmers who use RR alfalfa will never own the plant or the seed. Instead, they will be leasing a product under a one-sided technology use agreement (TUA) with many restrictions. For instance, Monsanto reserves the right under these contracts to physically inspect (i.e. trespass) and remove crop samples to insure compliance. In North America, Monsanto has a long history of sending "extortion" letters to farmers whose fields tested positive for their other GMO crop varieties, threatening lawsuits if they did not pay for their "use" of the patent.

    Herbicide resistant GMO crop varieties are widely perceived by farmers as just another way to encourage dependence on expensive inputs. Predictably enough, the introduction of RR varieties led to a five-fold increase in glyphosate use across the U.S. Because alfalfa is perennial and often grown for 3-5 years in a row, the introduction of RR alfalfa could well increase overall herbicide use - by an estimated 200,000 more pounds per year in California alone.

    In fact, Croplan Genetics application guidelines encourage farmers to use Roundup on RR alfalfa even when no weeds are present: “So why spray whether there are weeds or not? Not all of the seedlings established by Roundup Ready Alfalfa seed sources will be Roundup resistant. Up to 10% of the seed will produce none resistant plants. These seedlings are no different than weeds in the fact that they are competing for nutrients, sunlight, water and space; therefore, optimum stand establishment is best achieved by controlling both weeds and non-Roundup Ready alfalfa plants early.”

    As with other GMO crops, the promised yield gains and cost savings may not materialize, leaving farmers holding the bag for the higher seed price that always comes with Monsanto's patented technologies. Currently, the tech fee per 50-lb bag of RR alfalfa is $125 east of the Rockies and $150 west of the Rockies. For a typical Midwest farmer, seeding at 12 lbs/acre, this translates into an extra $30 per acre above conventional alfalfa seed prices.

    2. Potential Loss of Foreign Markets

    An estimated 5% of U.S. alfalfa production is exported - 2.9 million metric tones in 2002 alone worth $480 million. About 75% of this forage market is in Japan where consumer awareness and resistance to GM Os is high. The European Union (EU) is also moving towards labeling and traceability of all GM Os, including animals that consume GMO as part of their diet. It is likely that products derived from animals fed RR alfalfa could be subject to labeling and thus lead to a further decline in U.S. agricultural exports. In fall 2005 Monsanto announced it had already obtained permission for export of RR alfalfa into Mexico, and that it was also negotiating with officials in Canada, Japan, Korea and Taiwan to do likewise.

    3. Contamination of Non-GMO Animal Feed 

    As has been well documented in the case of Bt corn and RR canola, there is potential for "genetic flow" between fields planted with RR alfalfa and other nearby non-GMO alfalfa fields and pastures. Besides wind, insects are particularly good at transporting pollen over long distance, and bees are known to travel several miles in search of alfalfa. Most alfalfa hay is cut after some of blossoms have already produced pollen. Alfalfa allowed to reproduce also yields some "hard seed" that can remain viable in soil for years.

    This threat is of special concern to alfalfa seed growers and dairy/livestock producers who stand to lose their value-added markets and organic certification. Alfalfa seed production is concentrated in just a few northwestern states and provinces and could be vulnerable to genetic contamination. For those farmers who rely on managed intensive rotational grazing (MIRG), Monsanto's RR alfalfa offers no real benefits, since a healthy pasture has no real "weeds." In fact, straight alfalfa often yields less fodder per acre than more diverse forage systems.

    4. Creation of New Weed Management Problems

    The main rationale offered by the biotech industry for introducing RR alfalfa is that it provides farmers with simpler weed suppression. This is in line with the vast majority of genetic research in agriculture (98% according to one recent USDA survey) geared towards making production easier, not necessarily to improve nutrition or protect the environment. While there are currently 90 weeds identified for U.S. alfalfa (with 20 major herbicides applied in response), the actual adverse impact of weed pressure on alfalfa production is debatable and may be mostly limited to just a handful of specialized large-scale alfalfa operations in western states such as California.

    As with other GM Os, though, there is a clear danger of "gene flow" between RR alfalfa and conventional alfalfa varieties, as well as between alfalfa and wild relatives, such as sickle medic (Medicago sativa spp. falcate), a common naturalized weed in North America. Given the promiscuous genetic dominance of GM Os, this could mean rapid transfer of glyphosate resistance traits to other plants in the environment. 

    Those in the business of prairie restoration, as well as many conservationists and officials interested in controlling invasive plants on public and private lands, are concerned that the introduction of herbicide-resistance traits in a perennial like alfalfa could make their job more difficult. As super weeds emerge, chemical control will have to shift to more toxic, persistent, and less desirable herbicides such as 2,4-D and Paraquat.

    5. Unknown Environmental and Animal Health Impacts

    The fact that alfalfa has a taproot up to 20 feet deep and complex symbiotic relationships with nitrogen-fixing bacteria exacerbates the potential environmental consequences. Alfalfa is an important crop in many field rotations, contributing up to 200 kg of soil nitrogen per acre per year. Researchers in Arkansas, though, have found an adverse impact on symbiotic nitrogen-fixing bacteria associated with soybeans after treatment with glyphosate. Scientists have also noted an increase in the presence of the fungal disease, Fusarium, on RR crop varieties. Impacts on other soil biota remain unknown.

    Also largely unknown is the impact on animal health when GM Os constitute such a high percentage of the diet. For instance, RR alfalfa would likely be added to a total mixed ration (TMR) for livestock that may already contain Bt corn, RR canola cake/meal, RR soy, and/or Bt cottonseed cake/meal. What impact the addition of RR alfalfa will have on the intestinal flora/fauna in ruminants, their nutritional uptake, and susceptibility to pathogens is poorly understood and deserves further study.

    Well, the Supreme Court has finally weighed in, and instead of saying, of course you can't sell or market or distribute something that hasn't been tested, they have shown a corporate-friendly streak a mile wide and they have said that no one should get between profits and safety. Except when it comes to drugs, of course. And consumer products. You know, car seats, and things like that. And food. You can't sell food unless you prove it won't kill people. But this stuff? Cool beans, I guess.

    I hope it's safe. I hope it doesn't harm people. If it does, Monsanto will go through something similar to what BP is going through, and that won't make me happy at all.

    I lament the populist hectoring of good businessmen. That's why I want good businessmen to do things the right way in the first place. Buying off the Supreme Court doesn't really seem like something Teddy Roosevelt would approve of, now is it?

    Tuesday
    Jun082010

    What Did I Tell You About Bernie Madoff?

    After losing all of your money to Bernie Madoff, thank goodness you can still float a check and make payments on the Rolls...Hilarious doings in the clink:

    Bernie Madoff appears to have none of the remorse expected of a man staring down a 150-year prison sentence.

    According to a lengthy new piece by Steve Fishman in New York magazine, Madoff, who apparently pals around with a former mob boss and a spy in a federal prison in Butner, North Carolina told a fellow inmante, "F--- my victims. I carried them for twenty years, and now I'm doing 150 years."

    Madoff, whose con artist bona fides seems to have turned some fellow inmates into "groupies," even indicated to other prisoners that some of his victims actually deserved to have their money taken from them.

    This is more than just bravado. Madoff, you see, was at the top of the Ponzi scheme, and more than a few people near the top with him were also in on the fix. Most Ponzi schemes fall apart quickly when only one person knows the full story; when there are more than a handful of people residing at the top--and getting their money, rain or shine, then they don't care about the suckers filling out the bottom.

    The man was paying out dividends when others were barely breaking even. His clients were smart people. He was no wizard. He was just sitting at the top of a vast criminal enterprise, and no one should pity the bleating sheep who lost their life savings. This is old hat. I've written about this here, here and here.

    Anyway, the next time you see someone moaning about having lost their money, tell them to thump their chest again and say, I'm with Madoff."