Yesterday news broke that Bernie Madoff will plead guilty to massive fraud, a plea that will most likely result in a life sentence and $177 billion in criminal forfeitures (good luck!). The federal prosecutor told the judge that there is no plea agreement with Madoff.
In addition to guaranteed jail time, a speedy plea could also prevent a full investigation that would come from a long trial. And since there doesn't appear to be a plea bargain, Bernie Madoff might not have to give up any names or information.
But back to the punishment — do you think a life sentence for a crime other than murder goes too far, or is Bernie getting what he deserves?