Just as an orthodox blogger might, I am writing this post on an airplane. Several points will be made, each with relative brevity - at least for me.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

The hearings before Congress on the Madoff scandal on February 4th put one in mind of some pertinent, hopefully salient, ideas.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

I wish to conclude by discussing possible legislative action in congress.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

Two things should be said with regard to potential suits against the SEC.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

They are victims of Madoff. They are not the billionaires, huge international funds, or gigantic banks that the media focuses on. They are plain Americans who worked like dogs all their lives. They are selling their houses to raise money to live, they are trying to unretire and get back into the workforce at a time of depression and high unemployment caused by the barons of Wall Street. They are desperate and in agony.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

The courses of action discussed here previously all have major shortcomings: they leave people very short of money to live on, they harm the innocent, they take way too long, they are uncertain. There is a different course of action, however, which would avoid most of these pitfalls.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

I turn now from preliminary comments to specific courses of action. As you will see, each course of action being generally discussed in the media today will be insufficient, will be too little, too late, especially because the law is not designed to handle a disaster of this magnitude.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

In the final three installments of the posts on the Madoff mess, I will discuss how much was stolen, where did it go, and what can be done for victims.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes

In the final three installments of the posts on the Madoff mess, I will discuss how much was stolen, where did it go, and what can be done for victims.

This is the audio version of Dean Lawrence R. Velvel's blog, www.velvelonnationalaffairs.com
For more information on The Massachusetts School of Law, log on to www.mslaw.edu
And to hear (and see!) the history of MSL, please visit "Against the Tide" on www.podiobooks.com or in the podcast section of iTunes