Bernard Madoff stood in front of the judge just before receiving his sentence of 150 years for conducting the largest Ponzi scheme in history and read a personal statement. As he concluded, Madoff reportedly turned to the courtroom crowd, and said, "I am sorry," adding: "I know that doesn't help you."
The closing line from Madoff's soliloquy could also apply to the California Legislature and Gov. Arnold Schwarzenegger.
For decades, a bipartisan coalition of state lawmakers along with past and present governors...
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