Bernie Madoff: What was he thinking?

What was Bernie Madoff thinking?

I mean he must have known that at some stage the whole house of cards would collapse. Where did he think that would leave his two sons, daughter and brother all of whom were employed in the business.

Accept for sake of argument that none of the family was aware of what Bernie was up to.

Was Bernie hoping to die before the truth came out and leave others to clean up the mess?

Did Bernie plan to make a deathbed confession " Oh by the way people, that multibillion dollar empire you think you are going to inherit is a fraud and all you will inherit will be S@#T"

What was your exit strategy Bernie?

Did you have one?

Or were you living in the fraudsters "cloud cuckoo land" where everything, against all odds, turn out right in the end?

Believe me, I can tell you from personal experience, that all fraudsters dream of being able to "make everything right" and it can never happen.

This presumes that Bernie was acting alone and that none of the family was involved.

If this is the case at least they only face the ruin of their reputation and financial destruction and not life in jail.

But this scenario makes Bernie a monster who had no compunction in not only ruining thousands of people financially, ruining the reputations of many in the banking and investing field and ruining his own family.

Want to know the number one rule among professional criminals?

Always protect your family, no matter what it takes.

But hold on!

Maybe Bernie IS applying rule number 1.