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blog

Stories

 
Bidness

Weekend at Bernie Madoff's

By Ward Harkavy, Tuesday, Dec. 16 2008 @ 12:21PM
Comments (6)
Categories: BANKRUPTCY, COLLATERAL DAMAGE, Education, FINANCIOPATH, Featured, Hedge funds, LOOTING (BY HUMANS), SCHMUCK, THUMBS (DOWN)
If only he had died before hatching his Ponzi scheme.

Bernie Madoff

What few celebrations are still planned for International Human Rights Week, which is winding down and ends tomorrow, one thing is clear: Bernie Madoff isn't invited.

Nothing could be further from "human rights" than Madoff's scheme, short of his taking a machine gun and going berserk.

A shanda we're talking about. The Yiddish word for shame/scandal fits well — particularly the expression "a shanda fur die goy," which means doing something embarrassing to Jews where non-Jews can observe it.

Check out Laurence Leamer's enlightening December 12 piece on HuffPost, "Bernard Madoff and the Jews of Palm Beach," for more on this moneychanger who hung out in temples instead of being driven from them.

Don't call me a self-hating Jew. Jew-haters will relish this sorry episode; look for an outbreak of anti-Semitism, especially in Europe, which has such a strong history of it.

The rest of you can restrict your hate to Madoff, the exclusive-club guy who scammed his co-religionists in much the same way that Christian evangelists fleece their flocks. Few religions are immune: Muslims even blow themselves up for their "faith."

This Madoff situation is kind of the reverse of Weekend at Bernie's, the 1989 comedy in which the title character dies and a couple of employees prop him up to pretend to others that he's still alive.

Madoff, however, is no joke. The Wall Street goniff's shanda is crippling the world — including the crippled children treated at the hospitals that invested millions of dollars in his Ponzi scam.

Like the Long Island Jewish Hospital chain, which, as Newsday reports, lost $5.7 million. It was only that relatively small amount for the heavily endowed hospital, the paper says, because some schnook stipulated that the hospital invest his donation with Madoff.

Madoff's alma mater, Hofstra, placed him on leave from his post as a trustee. But Yeshiva University, here in the city, has made Madoff disappear. Bernie was a trustee there, too, but the school's webmeisters are frantically scrubbing all mention of him on the Yeshiva site.

That won't stop people from knowing that, as the Jewish Telegraphic Agency (the Jewish establishment's main news wire) reports, Yeshiva was "hit hard" by Madoff's scheming:

Sources close to the university, the flagship institution of Modern Orthodoxy, told JTA that the school has lost tens of millions of dollars if not more. Y.U. released an official statement saying it would not officially address the matter at this time.

How embarrassing, especially fur die goyim, that Madoff was chairman of Yeshiva's Sy Syms School of Business. That's the same Syms whose clothing stores spout the slogan "An Educated Consumer is Our Best Customer."

That's the way Bernie Madoff must have seen it while he bilked his rich, well-educated investors.

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More About:

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Comments (6)

Jess says:

The correct expression is "shanda far di goyim."

Posted On: Tuesday, Dec. 16 2008 @ 4:14PM
HARKAVY says:

Actually, the moneychangers in the shul I attended in Tulsa when I was growing up in nearby Bartlesville always used the singular "goy" when they gathered in the foyer to talk business during breaks in the services. Also, the point of the expression is that a member of the tribe was wrong for doing something shameful even in front of only one goy.
BTW, don't laugh at the idea of Jews in Oklahoma. KKR's Henry Kravis and other big machers grew up there.
As for the spelling I used for the rest of the expression, either way is acceptable. You want I should write it in Yiddish? I don't have the Googeleh translation program.

Posted On: Tuesday, Dec. 16 2008 @ 8:43PM
justavoter says:

MADOFF IS A DEMOCRAT!
THIS SCANDAL IS BIGGER THAN ENRON!
WHERE IS THE MAINSTREAM MEDIA ON THIS?
This article mentions Madoff is a Jew, but fails to mention he is a DEMOCRAT. Why is that? Where is all the noise on CNN, CBS, ABC, MSNBC, NBC and PBS about this guy stealing $50 BILLION dollars and the fact he is a democrat? This scandal is bigger than ENRON. Why are they silent? They wouldn't be biased, would they? There is one thing democrats cannot run away from this time no matter how hard they try. They love to get into people's pockets. Whether they steal, bid on senate seats, lie to the public, forge names on documents, introduce fat tax, ipod tax, taxi tax, food tax, land tax, labor tax, and heaven only knows what else they will do to get into your pockets somehow. Democrats don't discriminate. They go after every black, white, jew, hispanic, male, female, gay, young, or old to get every last nickel they can. If you are too poor to pay taxes they will pay you like prostitutes to vote for them. As long as someone has money they want it. If New York offered a stupid tax they could make a co-billion dollars. Then they can build their roads to name after themselves while claiming hard times all the way to the bank. After Obama finishes spending every taxpayer dollar he can find, I don't think America will be able to recover. Retirements will disappear, people will become sick and democrats will claim there is not enough money left in their national health care plan to give you medical care. Food will disappear off shelves at the grocery store because democrats taxed truckers to the point they can't transport anymore or they allow gas to become so expensive from taxing oil companies to death. It will never end. As long as democrats are allowed to tax and tax and tax, they have control of your life.

Posted On: Wednesday, Dec. 17 2008 @ 8:17AM
Jim D says:

so for Bernie to have pulled this off, the SEC must have co-operated in the scheme. They, cough, audited him in 2007, and found everything to be cosy. Now, the SIPC is talking about bailing out the losses - I wonder if they will bailout on the investement, or the inflated earnings.

Posted On: Wednesday, Dec. 17 2008 @ 9:08AM
billyjoe says:

To "justavoter" @ 8:17 am.

Im a Democrat, I know where you live, and I'm heading over to your house right now to take every last nickel you own. That is, right after I feed you a giant "chill pill."

Posted On: Wednesday, Dec. 17 2008 @ 12:52PM
um...hello??? says:

just say NO to bailouts!!!!

Posted On: Tuesday, Dec. 23 2008 @ 2:10PM

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