Posted by The Web Guy
“Bernie is the most anally retentive person I have ever met, ” ex London office manager Julia Fenwick told the U.K.‘s Daily Mail
‘On the occasions he visited London, we’d spend days before his arrival levelling the blinds, making sure the computer screens were an identical height, lining every picture up straight. No paper was allowed on the desks.
‘We’d use black marker pens to touch up the skirting boards and the doors. Anything that looked as if it had a mark or scratch on it, we’d have to retouch. Things like that would drive him nuts.’
Are you anal retentive? Here’s a checklist.
TV’s most famous anal retentive is Tony Shalhoub as detective ‘Monk.’ No, Tony is not Jewish, but the Lebanese-American was just honored by the ADL.
4.27.11 at 10:21 am | Interviewed on the Today Show earlier this week,. . .
2.28.11 at 6:50 pm | NPR interviews NY Magazine editor Steve Fishman. . .
2.16.11 at 9:19 am | Bernard L. Madoff said he never thought the. . .
2.16.11 at 9:18 am | In a lengthly, far reaching article based on. . .
12.11.10 at 10:21 am | Mark Madoff Found Dead
2.25.10 at 8:56 am | The Madoff family is looking for a name change. . .
3.14.09 at 10:28 pm | Yes, Jim Cramer is Jewish. But-- sorry to bum. . . (9)
4.13.09 at 2:13 pm | It's Jews vs. Gentiles (8)
12.17.08 at 7:51 pm | The tribalism of Hollywood means Jews go down. . . (4)
January 1, 2009 | 11:30 pm
Posted by The Web Guy
Bernie Madoff’s modren art sculpture, which had disappeared from his Palm Beach estate, has been found, police said. A note attached to the sculpture may refer to recent a German anti-capitalist movie, or one of the Ten Commandments, your choice.
The note read:
Bernie the Swindler, Lesson: Return Stolen Property to rightful owners. Signed by - The Educators
From The Gothamist:
Earlier this week, scamming investor Bernard Madoff’s housekeeper reported that a $10,000 statue was stolen from his Palm Beach estate. Yesterday, the Palm Beach police found it—near the Palm Beach Country Club, where Madoff reportedly wooed many investors to join his Ponzi scheme—and the statue had a note attached.
The Palm Beach Post reports the statue of copper statue of two lifeguards (he was once a lifeguard in Far Rockaway) was found by two pest control company (!) employees who saw it in the bushes. It had a note reading, “Bernie the Swindler, Lesson: Return Stolen Property to rightful owners. Signed by - The Educators.” Palm Beach police captain George Frick said, “There is a little symbolism that it was left on the west side of the country club.”
And when the PB Post told him about the 2004 German film, The Edukators, “in which anti-capitalist activists break into the homes of rich people, move furniture around and leave notes that say ‘the days of plenty are over,’” Frick said, “Interesting.”
A English language (plus subtitles) trailer for ‘The Edukators’ is here. The original title, in German, is ‘Die Fetten Jahre sind vorbei,’ which means ‘the fat years are over.’ And don’t we know it! Have you priced a prime filet lately?
The ‘west side of the country club’ symbolism is confusing, but if he means the lifeguards are on the left edge of the club looking east, then the club is under water, which may be portent or paranoia.
Maybe my geography is off. Boca I know. West Palm a little. Palm Beach not so much.
December 31, 2008 | 3:04 am
Posted by The Web Guy
We live in an era of heartless, revolting dishonesty, writes Pat Murphy in Sun Valley, Idaho’s Idaho Mountain Express:
Bernard Madoff, the New Yorker who fleeced investors of $50 billion with heartless precision, and Vice President Dick Cheney, a principal architect of America’s ruin as an envied world leader and engineer of calculated abuse of power, share the same amoral lack of ethics except for one distinguishing fact. Madoff forlornly admits his revolting dishonesty and theft of investments from philanthropists, friends, foundations and celebrities.
However, right up to the last days of his dark reign, Cheney not only refuses to admit his deceit, but boasts that kidnapping and torture of terror suspects, wiretapping Americans, ignoring Congress, lying to the public, launching a war on fraudulent grounds, alienating overseas allies, pandering to loony religious agendas and legislating for the wealthy were collectively beneficial to Americans.
I won’t quibble with anyone about the mendacity of Darth Cheney, but I’m wondering if Madoff’s reported admission of malfeasance—- an acute attack of transient mensch manifestation syndrome?—really makes him any less of a disgrace.
And I’m thinking: Not so much.
December 30, 2008 | 2:55 pm
Posted by Brad A. Greenberg
Two weeks ago, Yeshiva University President Richard Joel wrote in a letter to the YU community that the New York college had lost $110 million in investments made with Bernard Madoff. Today YU drastically recharacterized its losses as only $14.5 million. Why the massive mark down?
“Although the university has an estimated loss of approximately $110 million, it now appears that any ‘profits’ above the $14.5 million were fictitious,” Gower said in the statement.
Ascot was controlled by J. Ezra Merkin, who resigned from his positions as a trustee and investment-committee chairman. Madoff, 70, who served as treasurer of Yeshiva’s board of trustees and chairman of the school’s Sy Syms School of Business, resigned from his positions.
Partly because of Madoff, Yeshiva’s endowment value fell to $1.2 billion, from $1.7 billion last Jan. 1, the school estimated on Dec. 16.
The Jewish Community Foundation of Los Angeles also has chosen to focus on how much it had invested with Madoff ($18 million) and not how much it believed that investment was worth ($25.5 million). But sticking to the smaller investment doesn’t mean YU only lost $14.5 million. Think of it this way:
Let’s say you put $10,000 in the bank. Over a few years, that investment grows to $15,000. You’re up $5,000 but if your account was wiped out, you’d wouldn’t be down $10,000—you’d be down $15,000.
Losses on paper are still losses, especially if those “fictitious” profits have been used in planning for future spending.
December 30, 2008 | 2:10 pm
Posted by Rob Eshman
Bernie Madoff claimed his Ponzi scheme took investors for $50 billion. Even if he’s lying about that too—investigators say a more likely figure is $30 billion—you have to wonder, where’d it all go?
According to a report in talkingpointsmemo.com, the answer is fourfold:
1. A fraction went to support his lavish lifestyle
2. A good sized hunk disappeared when the markets tanked
3. Some of it may be hiding in overseas accounts
4. The bulk of it was withdrawn to pay off investors—the M.O. of a Ponzi scheme
Investigators say it will take months to track down the assets. And lawyers may spend years trying to recover what’s recoverable.
Read the whole post here:
December 30, 2008 | 12:23 pm
Posted by Brad A. Greenberg
Ben Stein, the dry-eyed lawyer, writer, actor, economist, was offered a chance to invest with Bernard Madoff, and lived to tell about it:
ABOUT two years ago, a little delegation from a major investment bank arrived at my home in Beverly Hills. These nice young people were from the bank’s “wealth management division.” I told them straight away that I didn’t have anywhere near enough wealth to make their trip worth their time, but they smilingly insisted that we could help each other.
They told me that if I invested a certain sum with them, they would make sure that a large chunk of it was managed by a money manager of stupendous acumen. This genius, so they said, never lost money. He did better in up markets than in down markets, but even in down markets he did well. They said he used a strategy of buying stocks and hedging with options.
I protested that a perfect hedge would not allow making any money, because money made on the one side would be lost on the other. They assured me that this genius had found a way to spot market inefficiencies and, indeed, to make money off a perfect hedge.
I thanked them for their time and promptly looked up Bernard Madoff online. Nothing I saw was even a bit convincing that he had made a breakthrough in financial theory. Besides, this large financial firm was going to charge me roughly 2 percent to put my money with Mr. Madoff’s firm. I could invest my few shekels with Warren Buffett for no management fee at all.
I checked with my investment gurus, Phil DeMuth, Raymond J. Lucia and Kevin Hanley. None of us could see how Mr. Madoff could do what his friends said he could do. I politely passed and went on my way, finding my own inventive ways to lose money on a colossal scale during these last 15 months.
My point is not that I was so smart. I am not and I was not. Mistakes are a big part of my life. My point is that, as humans, we seem unable to learn from our mistakes very well.
That commission—2 percent—actually sounds like a steal compared to the 3.8 percent that Robert Chew said Stanley Chais charged on his $1.2 million investment with Madoff—now gone.
In the end, though, Stein applied the same wisdom that Rabbi Harold Schulweis imparted last week: “If they tell you it is too good to be true, then it’s too good to be true.”
This is elementary economics. In the above video, Ben Stein the history teacher talks about voodoo economics.
December 30, 2008 | 10:57 am
Posted by Dean Rotbart
The Jewish Journal and its team coverage of the Bernard L. Madoff scandal were showcased yesterday on the nationally broadcast Hugh Hewitt Show.
The program, which airs in Los Angeles on KRLA-870 AM, devoted about 20 minutes to reviewing Madoff-related news and insights that first appeared online and in the print editions of The Jewish Journal.
Mark Isler, a veteran talk show host, served as guest host of the program. Hewitt, the program’s namesake, is off for the week.
Isler interviewed Dean Rotbart, one member of The Jewish Journal editorial team and a former investigative reporter for the Wall Street Journal. Isler and Rotbart also took calls and answered questions from listeners.
The entire interview can be heard on the TownHall.com web site. The interview with The Jewish Journal comes up roughly 11 minutes into the 33 minute streaming audio.
December 30, 2008 | 12:16 am
Posted by The Web Guy
A Greek, right wing newspaper features a big headline informing us all that Obama will end Hebrew domination of the planet.
Hebrew domination, you ask?
” . . . a Jewish plutocracy, having made the “wealth of the century at the expense of the economies of the world,” is preparing to put in motion “war machines” in various hot spots around the world in order to control the price of oil, redistribute the world’s natural resources and start a new cycle of weapons production . . . ”
Man, all this time I thought Madoff was just a rogue operative, refusing to take Smiley’s phone call. I need to go to the Elders of Zion Klonklaves more often!
Avriani newspaper led its front page with anti-Semitic accusations for the second time in several weeks. Sunday’s headline read: “After the American Jews acquired once again the world’s wealth and plunged the planet into an unprecedented financial crisis, they started rehearsing for WWIII.”
Midway through the paper’s story on Israel’s operation in Gaza, the story, under the heading “The Plan,” explains that a Jewish plutocracy, having made the “wealth of the century at the expense of the economies of the world,” is preparing to put in motion “war machines” in various hot spots around the world in order to control the price of oil, redistribute the world’s natural resources and start a new cycle of weapons production.
Avriani also blames U.S. President-elect Barack Obama for “playing dead” in the present crisis by not saying anything against the Jews, urging him to prove that he is not owned by the Jewish lobby.
On Nov. 4, the day after Obama was elected president, the paper ran a headline that said, “The end of Jewish domination. Everything changes in the U.S.A. and we hope that it will be more democratic and humane.”