Good article about Madoff in Politico called: Bernie Madoff speaks: Politics, remorse and Wall Street
Here are a few juicy tidbits:
- Madoff described in detail the “never ending” fund raising solicitations from politicians, and was harshly critical of President Barack Obama, even though he said he voted for him in 2008. The politician he said he admires the most is Sen. Ron Wyden, the Oregon Democrat.
- He warned that he is sure there are other “bad players like myself” getting away with another massive Ponzi scheme. And he offered one piece of advice to investors: Stay away from the stock market.
- Madoff and his wife Ruth made several hundreds of thousands of dollars in political donations since the 1990s, according to Federal Election Commission records. The recipients were mostly Democrats, and the roster included Sen. Chuck Schumer, ex-New Jersey Gov. Jon Corzine, Rep. Joseph Crowley, Sen. Jeff Merkley and Hillary Clinton during her Senate bid.
- Madoff said Schumer, whom he described as a “personable guy,” would ask him for money a couple of times a year. “They would come up [to Madoff’s office] just to say hello and collect the money,” he said. Approached in a Senate hallway last week, Schumer seemed willing to talk to a reporter — until the subject of Madoff came up. “I’m not commenting,” the New York Democrat said as he walked away. “I am not commenting.”
- Even though he’s donated to Clinton, Madoff doesn’t think she would make a good president. “I certainly wasn’t impressed with her as secretary of state,” he says. “Our foreign policy is a mess.” Madoff voted for Obama in 2008, but now says he is “terribly disappointed” in the president and would not have voted for him a second time. “His policies are too socialist.”