Wednesday, December 24, 2008

The Man They Call Madoff

I think it's funny that the biggest 'story' in the Bernard Madoff $50 billion Ponzi-scheme story is that Jewish people across the nation are utterly shocked that a Jewish man would do something like this to his clients, most of whom are evidently Jewish people, Jewish companies, Jewish charities, and Jewish schools.

Here is what I have to say to those people:

Jews are just people. Some people are crooked. Maybe if you realized this beforehand, you would have looked more carefully at where you were putting your life savings. Consistent, double-digit returns are an impossibility; it was too good to be true, but you trusted him because he was a Jew and so are you; you were stupid. End of story.

Not to mention the fact that anybody who puts all their money in one basket is a square-one idiot. I feel no sympathy for rich people in Palm Beach selling their six-figure jewelry to pay their condo association dues. Rather, I laugh. Haha!

What will become of Bernard Madoff? Will he ever be able to redeem himself in the eyes of his God?

“It is not possible for him to atone for all the damage he did,” the rabbi said, “and I don’t even think that there is a punishment that is commensurate with the crime, for the wreckage of lives that he’s left behind. The only thing he could do, for the rest of his life, is work for redemption that he would never achieve.” (courtesy NYTimes)

So much for forgiveness...

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