Sending Mr. Madoff to jail is a complete waste of time. Taxpayers will foot the bill to the tune of $30,000 to $60,000 dollars per year depending on the services he gets.

The only fair sentence is to have him live in a halfway house in Manhattan and to have him clean the homes, offices and apartments of those he bilked.

Jail is an old punishment from centuries ago. Let restitution begin.

Can you image Bernie Madoff cleaning the toilet bowls in the restrooms of Hadassah? Hadassah, the Jewish women's organization lost $90 million dollars. What good does it do for Mr. Madoff to sit reading in the prison library? Does it do any good for anyone but him? Jail is an old punishment from centuries ago. Let restitution begin.

Ellen Ratner joined Fox News Channel as a contributor in October 1997. Currently, Ratner serves as chief political correspondent and news analyst for "Talk Radio News Service" where she analyzes events, reports breaking news, and provides lively interviews with newsmakers in government and entertainment. She is founder of "Goats for the Old Goat." Over the last three years, donations have been made to acquire goats for liberated slaves who were returning to South Sudan. More than 7,000 goats have been donated to the people of South Sudan to provide sustainable sustenance for their families and a means to begin their lives again.