Madoff to Jail; Hope He's First of Many

Dan Gillmor is a BoingBoing guest-blogger.

So Bernard Madoff is heading to prison, most likely for the rest of his life. Will it be hard time or a low-security lockup for rich felons? (Photo thumbnail via the Times of London)

Whatever. A bad guy, but only of the many we should hope will end up in jail in the next several years — especially members of the Wall Street gang that stole billions and tanked the global economy. How much real investigating will be done of their crimes? How much justice will we see?

Madoff confessed his frauds. The bankers said, “We demand hundreds of billions more, some of which we’ll keep as bonuses, or we’ll guarantee a global depression.”

Who’s worse?