Well, we're back to that age old question: Good for the Jews or bad for the Jews? Clearly the Madoff Scandal is NOT good for the Jews. So we have to refine our question to make it apply to this particular case: Bad for the Jews or Awful for the Jews? And will it cause a significant rise in anti-semitism?
The chilul Hashem (desecration of God's name - or bad p.r. the story will create) is definitely there and the great loss of funds to both wealthy and poor Jews, Jewish organizations and charitable philanthropies, etc. is/will be devastating (two foundations have already shuttered, Yeshiva University lost $110 MILLION, etc.), but the one "saving grace," if one can say that, is that Madoff (the Jew) stole mostly Jewish money. While I am terribly sympathetic to everyone who lost money in this debacle, Jew or non-Jew, wealthy or poor, individual or organization, etc., I imagine that the non-Jews who are anti-semites are going to be rather more gleeful than angry. (Anti-semitism, of course, will rise anyway.) Jewish greed begat Jewish financial catastrophe.
Lastly, I don't understand Madoff at all. Most of the guys who get caught in this kind of a crooked deal are (1) slick operators with smaller scams in their backgrounds, building up to the "big scam" and/or (2) they start out legit and then find themselves getting caught up in covering losses with some sort of scam scheme. Madoff had a STELLAR BACKGROUND and reputation, was a president of NASDAQ, etc. AND TELLS HIS KIDS IT WAS A PONZI SCHEME from DAY ONE?!?! It makes no sense to me...
Showing posts with label Madoff. Show all posts
Showing posts with label Madoff. Show all posts
Wednesday, December 17, 2008
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