Submitted Comments RSS Feed Comments by Shafi Farooq
RSS Feed Breaking News
Updated 02/09/12 @ 05:54PM EST
- A poll showed that nearly half of likely voters believed the United States should use military force to prevent Iran from developing a nuclear weapon.
- Rabbi Gunther Plaut, a major figure in Reform Judaism, died in Toronto.
- The application for a proposed Hebrew-language charter school was accepted by the District of Columbia Public Charter School board.
- A truck driving calves from Eilat to the Golan Heights was hijacked into the West Bank.
- U.S. Rep. Howard Berman introduced legislation that would allow eligible Israeli nationals to receive non-immigrant investor visas in the United States.
- Poll: Half of U.S. voters back strike on nuclear Iran
- German city of Wurzburg brings back its long-lost Jews
- Reform leader Rabbi Gunther Plaut dies
- D.C. Hebrew-language charter school accepted for review
- Op-Ed: Kick the reaction addiction on campus
- Berman moves to grant investor visas to Israelis
- Holy cow! Calves hijacked into Palestinian territory
- Report: Israeli journalist also works for prime minister
Posted in: Madoff scandal rocks Jewish philanthropic world
12/19/08 05:30 AM
Three entities are involved. They are all mutually exclusive. One doesn't know about the other. I think the third one is at fault with their inherently God-given so very important characteristics they cannot live without. * Bernie Madoff managed to lure billions of dollars away from huge charities, as well as wealthy individuals in both the United States and Europe by getting them to invest in his hedge fund.That seems to be the American way these days. The judge threw the book at him which is also another American way of doing things. He "confined" Madoff in his $7 million apartment in Manhattan, NY City. I don't know but I bet the apartment is on Park Avenue. Where else would the poor guy live? He embezzled, to the tune of $50 billion, by claiming extraordinary returns. This all came crashing down around him after market conditions led to a considerable amount of redemption. Investors did American way as well. Can you believe they actually asked for their money back? I thought investors were always asleep. * SEC, according to some in the financial press, knew about the whole schmeer nine years ago in 1999 when they first looked at Madoff's books. Then, now and in between, SEC never bothered to investigate.Many in the financial press are beginning to ask "Where was the SEC?" Asleep, of course. Let's face it. Everybody needs their sleep, right? SEC may not be human, but they need their sleep, nevertheless, once in a great while. And Madoff just happened to be one of those great whiles. Most people in the world sleep during the night. There are some who sleep during the day. SEC just happens to have a habit of sleeping during the day. I don't see anything wrong with that. Do you? * Investors. No comment. They are always asleep - day and night. No see, no hear, no speak, no nothing and no think either - the inherently God-given so very important characteristics they cannot live without. Wikipedia just forgot to mention them.