You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.

The whole government is a Ponzi scheme.
BERNARD MADOFF

Government Scheme Schemes
All one great big lie.
BERNARD MADOFF

Corruption Lying Scandal
The nature of any human being, certainly anyone on Wall Street, is ‘the better deal you give the customer, the worse deal it is for you’.
BERNARD MADOFF

Better Deal Giving Greed Wall Worse
The person that is buying a share of stock is convinced he knows something that the other person who’s selling it to him does not know. There’s no zero sum game in Wall Street.
BERNARD MADOFF

Convinced Games Selling Wall Zero
In today’s regulatory environment, it’s virtually impossible to violate rules.
BERNARD MADOFF

Impossible Lying Today
You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.
BERNARD MADOFF

Fundamental Greed Investors Money Running
In today’s regulatory environment, it’s virtually impossible to violate rules … but it’s impossible for a violation to go undetected, certainly not for a considerable period of time.
BERNARD MADOFF

Impossible Scandal Today Violation
It’s a proprietary strategy. I can’t go into it in great detail.
BERNARD MADOFF

Corruption Details Scandal
Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.
BERNARD MADOFF

Bigs Disadvantage Person Street Wall War

More Bernard Madoff Quotes