To the Point
Bernard Madoff: Behind Bars
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.
By Warren Olney • • 1h 0m ListenBernard 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
In this episode
3 storiesIraqi 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.
Read the story6 minBernard 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.
Read the story35 minFacing 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Another high-level Obama appointee has withdrawn after complaints about past behavior.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.
Read the story8 min
