Did Bernard L. Madoff intend on doing ponzi scheme in the very beginning?

No, being a Democrat made it an involuntary reflex action in response to the sight of money. Democrats have an irresistable urge to steal it. http://video.pbs.org/video/1302794657 Frontline: The Warning - the story of Brooksley Born, the Clinton appointee who was shunned by the Clinton admin for advocating regulation of derivatives. http://www.youtube.com/watch?v=ebWJ892h5dA Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown http://www.youtube.com/watch?v=lFwv0FgtebI Bill Clinton "democrats at fault for Fannie & Freddie The Glass-Steagall Act was repealed by the 1999 Gramm-Leach-Bliley banking deregulation act, which passed with overwhelming majorities of both parties in both houses of Congress, then it was eagerly signed into law by Bill Clinton. The 2008 meltdown was attributed directly to this law. Arthur Levitt, Jr. was the longest serving head of the SEC. Do a Google search on him, see what pops up. He was appointed by Clinton in 1993 and again in 1998. He left in 2001, so he covered the entire Clinton administration. Levitt gave Madoff a free pass because they were both members of the Harmonie Club, a social club for the ultra wealthy in NYC. Madoff was first reported to the SEC in 1992: http://www.guardian.co.uk/business/2009/sep/02/bernard-madoff-sec-report Report: Regulator was tipped off about Madoff fraud as early as 1992 "a suspicion of trouble at Madoff Investment Securities arose as early as 1992 when customers of Avellino & Bienes, a fund that invested all its money with Madoff, complained about documents making a seemingly impossible promise of "100%" safe investments. Although the SEC shut down Avellino & Bienes, the agency only made a "brief and very limited" examination of Madoff." Avellino & Bienes was shut down by the SEC in 1993, the year Levitt took charge. Levitt also gave a special exemption to Enron, exempting it from accounting rules. This special exemption led directly to the Enron scam and the subsequent meltdown of the company, which took down a major chunk of the economy with it. It also led to the discovery of similar fraud at many other companies, fraud that got its start in the Clinton years. If I was going to pick one individual who was most responsible for the rampant fraud of the Clinton years, it would have to be Art Levitt.

His anal sex partner Barney Frank convinced him to start the idea. LOL @"Democrats have an irresistable urge to steal it."

No, but his cookie making business just didn't work out... :( too bad.. I love cookies! :)

I really doubt it. It's hard to say when he started doing things that crossed the line though.