Bernard Madoff: Behind Bars
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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 who threw his shoe at President Bush gets three years, and Chas Freeman is the latest Obama appointee to step down after complaints about past behavior, from supporters of Israel and House Speaker Nancy Pelosi.
Banner image: Financier Bernard Madoff arrives at Manhattan Federal court today in New York City. Photo: Stephen Chernin/Getty Images
Making News
Iraqi Shoe-thrower Gets Three Years ()
The Iraqi journalist who threw his shoe at former President George Bush told a court today, "I am innocent." Muntadar al-Zaidi, said, "What I did was a natural response to the occupation." The judge ruled he was guilty of assaulting a foreign leader and sentenced him to three years in prison. Anthony Shadid is Middle East correspondent for the Washington Post and author of Night Draws Near: Iraq's People in the Shadow of America's War.
Guests:
- Anthony Shadid: Middle East Correspondent, Washington Post, @anthonyshadid
Main Topic
Bernard Madoff: Behind Bars ()
Bernard Madoff told a federal court he was "ashamed" and "sorry," but that his massive Ponzi scheme was designed to "satisfy" his "clients." The judge accepted Madoff's guilty plea to 11 felony charges, revoked his bail and sent him to jail to await sentencing on June 16. Madoff cheated 4800 people out of billions of dollars. Is it possible he did it alone? How could the SEC have investigated and found nothing wrong? Is it enough to blame Madoff? What's being done to make sure this doesn't happen again?
Guests:
- Diana Henriques: Senior Financial Writer, New York Times
- Lucinda Franks: Contributor, DailyBeast.com
- Jim Hedges: President, LJH Global Investments
- Peter Henning: Professor of Law, Wayne State University
Links:
Reporter's Notebook
Facing Opposition, Obama Intel Czar Pulls Out ()
Another high-level Obama appointee has withdrawn after complaints about past behavior. Chas Freeman was chosen to head the National Intelligence Council, but became a target of Israeli interests in Washington and of House Speaker Nancy Pelosi. In an email obtained by Foreign Policy magazine, he says, "The tactics of the Israel Lobby plumb the depths of dishonor and indecency." Michael Isikoff is an investigative reporter for Newsweek magazine.
Guests:
- Michael Isikoff: Investigative Correspondent, Newsweek, @IsikoffNBC
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