bernie madoff making a plea deal, perhaps turning state's evidence against fellow Wall-Streeters

The buzz on cnbc and other financial news sources is that he might be naming people who understood what he was doing and got on the gravy train with him, mainly the operators of the feeder funds.

If true, what are the chances he'll get knocked off?

www.wpix.com...

How can you have a gravy train, in a ponzi scheme?
Either he was running it, or he wasn't.
If he wasn't, then we will find the boss.
But then again, we probably wont, because he will get a ticket out.

I think the op is saying he is going to implicate all his friends who ran the feeder funds. in other words, Bernie ran the ponzi but all those feeder funds were aware of what they were doing and well aware of the scheme. in on it, paid for their feeding etc.

I'm sure there will be more than just these guys in the naming of the associates. Bernie is the top of the heap. his ratting out the feeder funds is like a drug lord ratting out the dealers. It generally works the other way.

Expect Bernie to rat these guys out as well as his associates in whatever shady, underworld group he was working in conjunction with. Expect him to also explain, in detail, how he worked with the SEC to avoid getting caught.

If he doesn't turn over the SEC or someone else who used political power to keep this thing running, he's merely ratting out underlings and they are nowhere near as important.

reply to post by Crakeur

If he doesn't turn over the SEC or someone else who used political power to keep this thing running, he's merely ratting out underlings and they are nowhere near as important.

Madoff, unfortunately is holding most of the cards. First of all, there are people in the SEC that were scared to death that he would turn on them. They are the ones that orchestrated this "deal", in exchange for his silence concerning their involvement. As you said, the little fish will get fried, but the trophy fish get to live and swim another day.

Just when you think the lowest couldn't get lower, Madoff finds a way

The financial sector is so freakin' dirty . . . you KNOW that the minute he opens his mouth for anything else but a mouthful of the filet mignon he's swilling down daily, the last thing that'll pass his teeth is a silencer a split second before it lives up to it's monikker.

You can bet the bank on that . . . oops . . . they already did!!!

The only 'deal' he's getting is 'shut up and we'll let you live'