madoff caused, i don't think we can ever fully grasp. homes had to be sold. college educations truncated. people had to come out of retirement. go to work at whatever job they could get. and, for those people, the madoff fraud is never going to be over. >> what may very well be the final steps of freedom for perhaps the most despised man in america. bernie madoff entered federal court in manhattan today pleaded guilty to greatest investor fraud in u.s. history. >> i think the connection, between bernie madoff and financial crisis was one fundamentally about truchlts st. a loss of trust inlt cy the sys. a loss of trust in people you thought were worthy. we all trusted the free enterprise system. we trusted these deregulated markets to foster our prosperity. all of america felt that they had been betrayed by wall