Banks hit worldwide by US 'fraud'

Bernard Madoff has been charged with fraud in what is the biggest case ever in the history of markets. All in all, it amounts to a loss of $50 billion worldwide. A lot of banks in the UK, Spain and France are some of the biggest losers. US prosecutors say Mr Madoff, a former head of the Nasdaq stock market, masterminded a fraud of massive proportions through his hedge fund and investment advisory business. What he did is pay off people already invested in the hedge fund with money from new investors. If found guilty he could face 20 years in prison and a $5m fine. I think he would be getting off easy with this sentence, and he needs to be made an example of, what do you guys think?