LOL, Drudge is still running the show after all

"His clients, many Jews like Madoff and Jewish charities, said they didn’t know."

Whence the "credulity baked into the culture to make room for a Bernie Madoff"?

Pondered here rather lazily.

May I suggest:

Thomas Sowell Tells A Truth Rep. Paul Ryan Remains Afraid To Tell You

Here:

Neither Social Security nor Medicare has ever had enough assets to cover its liabilities. Very simply, there has never been enough money put aside to do what the government promised to do.

These systems operate on what their advocates like to call a "pay as you go" basis. That is, the younger generation pays in money that is used to cover the cost of benefits for the older generation. This is the kind of financial pyramid scheme that got Charles Ponzi put in prison in the 1920s and got Bernie Madoff put in prison in our times.

Ann Coulter Claims RomneyCare Everywhere Would Have Solved The Health Insurance Problem

She's doubling-down on her support of Massachusetts-style state compulsion, here:

"Romney pushed the conservative alternative to national health care that, had it been adopted in the 49 other states, would have killed Obamacare in the crib by solving the health insurance problem at the state level."

She's come a long way since March 2010 when Ohio's mandate was in her crosshairs:

"President Obama says we need national health care because Natoma Canfield of Ohio had to drop her insurance when she couldn't afford the $6,700 premiums, and now she's got cancer. 

"Much as I admire Obama's use of terminally ill human beings as political props, let me point out here that perhaps Natoma could have afforded insurance had she not been required by Ohio's state insurance mandates to purchase a plan that covers infertility treatments and unlimited ob/gyn visits, among other things. 

"It sounds like Natoma could have used a plan that covered only the basics -- you know, things like cancer."

Or from December 2009 when Oregon's was the object of her criticism:

"[N]ational health care – it will force states that didn’t adopt these idiotic universal health-care schemes to bail out the ones that did.

"Liberals cite medical horror stories from the very states they once cheered for enacting universal health care in order to argue for a national health-care plan that will wreck the entire nation’s medical care the same way liberal states already wrecked their own medical care.

"Only Democrats could propose fixing one Bernie-Madoff-style scam with an even bigger Bernie-Madoff-style scam.

"Maybe when national universal health care fails, we’ll be able to go international. Then interplanetary – then interstellar! Why should I pay for my gall-bladder surgery when some Venusian could?"

And of course just a few months ago in October 2011 she was still speaking of "the failure of even statewide universal care" in reference to Massachusetts because under Romneycare very few new individuals ended up getting coverage while costs for everyone continue to escalate.

Bankers Scamming the American People Out of Hundreds of Millions of Dollars

Bloomberg.com has an interesting look inside a bank failure, describing the crimes which occur but never get prosecuted, unless you happen to be a small fry criminal:

If you were a banker, which of the following activities would be more likely to land you a quick trip to the federal penitentiary? Is it:

(a) Misrepresenting your dying bank’s financial condition in order to secure almost $300 million in TARP bailout cash and then quickly proceeding to lose it all, or

(b) Embezzling about $235,000 from your employer to support your compulsive-gambling addiction and pay off personal debts?

The correct answer, naturally, is “b.” In this country, when it comes to matters of high-finance crime and punishment, little pigs get slaughtered, while hogs get fat -- convicted Ponzi schemer Bernard Madoff being this rule’s most notable exception. ...

The large scale crimes are [m]ainly those related to overvalued loans and understated losses. ... where bank employees lied to ... auditors, intentionally delayed loan writedowns and altered documents to hide credit losses.

That's why we highlight "overvaluations" of reported assets when we report on Bank Failure Fridays, just to try to provide some perspective on the scope of the chicanery going on.

Read the complete story here.