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Friday, January 09, 2009

The Final Score

Bottom Line: Madoff's a Bad Seed

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David Asman

FOXBusiness

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Last night, in the middle of a segment on the psychology of Bernie Madoff that wasn’t going well, I thought to myself, we don’t need this. It’s simple; Bernie Madoff is a dirtbag. What more do you need to know about his psychology than that?

No law has been or ever will be written that can outlaw crooks. You can analyze these crooks to death, even write books about them, and still end up getting ripped off by one of them, as happened to one of the Madoff victims we featured on Scoreboard the other night. We don’t need psychologists or politicians pontificating on what motivated Bernie Madoff. He’s a bad seed. And with bad seeds like Madoff, bad stuff will always happen, no matter what we try to do to prevent it.

What we can -- and must -- do is crack down on the crooks as hard as possible, to make other bad seeds think twice before ripping someone else off. But as for trying to get into the head of a bad seed like Madoff, I’d rather spend my time figuring out how to make an honest buck.