Carpenters Union Satisfied Madoff "Got Nailed", Unions React as Madoff Goes to Jail

It's the moment James Brady has been waiting for: To watch Bernie Madoff get hauled off to jail. Brady only wished it came sooner. He is the president of retirees for Carpenters Local 747, one of the unions whose pension funds got caught up in Madoff's multi-billion dollar sham. "It's sad he ruined so many lives," Brady said. The disgraced money manager pleaded guilty to 11 charges in a Manhattan federal court Monday. The judge denied bail and has ordered the 70-year-old Madoff to jail ...

» View the original video «

YouTube | March 14, 2009

Tags:. .retirees. .disgraced. .sham. .sooner. .pension