The dark lesson of Bernie Madoff
At age 90, after 30 years of retirement, Ian Thiermann is back at work for $10 an hour as a supermarket greeter, thanks to being bilked out of his life savings by broker Bernie Madoff, perpetrator of perhaps the biggest investment fraud ever by a single person. It is hard to watch a video clip of Thiermann talking about his shattered life without wincing.And yet, as Thiermann was gamely trying to accept his diminished financial circumstances by handing out fliers for the weekly specials, Madoff, under house arrest and close scrutiny, was busy mailing $1 battery million worth of old watches to family and friends. I suspect we all wonder what, if anything, Madoff feels when directly confronted by those he has utterly destroyed. He cooked the books and perpetually lied to his investors. He pulled off the ongoing deception with an utter insensitivity to others. If shown videos of interviews of his victims, would he wince, laugh or simply shrug dismissively and say, "There's a su...