It's Bernie Madoff Sentencing Day! (UPDATE: Madoff Gets 150-Year Maximum)
Update: Victims are reading statements. "Bernard Madoff's jail cell should become his coffin," says one. We have never liked this victim-statement innovation in American courts, as it reminds us of show trials and the public criticisms popular during China's Cultural Revolution, and nothing in today's session is likely to change our minds.
Update 2: Now Madoff's giving his statement: "I am in torment over the pain I have caused," etc. We're thinking: he's 71 years old. Why's he going out like this? Monsieur Verdoux would seem a more dignified model.
Update 3: 150 years! Even Johnny 99 got a better break. The judge noted that not even Madoff's family submitted letters on his behalf, which he found "telling." Let that be a lesson to you -- pay people to write nice things about you! And have them leave the date blank!