Bernard Madoff Quotes

#1. Wall Street is one big turf war. By benefiting one person you are disadvantaging another person.

Bernard Madoff

#2. All one great big lie.

Bernard Madoff

#3. In today's regulatory environment, it's virtually impossible to violate rules.

Bernard Madoff

#4. The nature of any human being, certainly anyone on Wall Street, is 'the better deal you give the customer, the worse deal it is for you'.

Bernard Madoff

#5. It's a proprietary strategy. I can't go into it in great detail.

Bernard Madoff

#6. Today, basically, on Wall Street, the big money is made by taking risks.

Bernard Madoff

#7. You had a lot of novice investors who got into the market looking for easy money, without any regard to the fundamentals. These stocks were running on fumes.

Bernard Madoff

#8. The whole government is a Ponzi scheme.

Bernard Madoff

#9. The person that is buying a share of stock is convinced he knows something that the other person who's selling it to him does not know. There's no zero sum game in Wall Street.

Bernard Madoff