In jail without anything to lose this POS gives some simple insight to the world of finance.  Here is an edited piece of his interview with Marketwatch.

 

MarketWatch: You have worked with some of the most elite financial firms on Wall Street. How has it changed since before you started the Ponzi scheme?

Bernard Madoff: The individual investor is the last person that has any information. The average investor is coming up against professional financial firms, hedge funds and the professional trader, and it’s easy to be scared out of the market.

MW: You say the individual investor is facing an unfair market environment, what can be done to level the playing field?

B.M.: The SEC needs more resources to protect investors. It’s grossly undercapitalized and it doesn’t have money to hire the right people. Basically it’s a training ground, by the time people are qualified they leave and work for private firms. They didn’t catch me because the whistleblower, Harry Markopolos, was leading them down the wrong alley. He was an idiot.

MW: Hedge funds are playing a bigger and bigger role in the market, but you point out that they might scare individual investors away. 

http://www.marketwatch.com/story/madoff-dont-let-wall-street-scam-you-like-i-did-2013-06-05

 

Be careful and don't ever forget who you are up against!