Is it permitted to suggest that a liberal Jewish political-financial network exists?
Or did Madoff just happen to create one by dint of his own efforts?
Well yes, the network does exist so in one respect, racism is at the heart of this problem and what is going on here is that methinks they protest too much.
If Jews weren’t willing to affinity gravitate to the Jewish money manager instead of looking across the spectrum of available managers and at least dividing their assets among the best performing three...there must be a reason for it. Could it be, perhaps, racism? Is it possible that wealthy Jews wouldn’t give a non-Jewish manager a second look no matter how well he/she runs their fund and how ethical they may be? Is it possible that wealthy Jews would put money with a Jewish manager without doing due dilligence simply because they believe they wouldn’t be done in by a “friend” from the Synagogue or the Right Club?
Both are more than possible and highly probable in this instance. However, the story managers have swooped in from all directions to try to cover up this aspect of the story. In the first 48 hours, they said that Madoff was a “democratic” schemer but we knew better. Anyone familiar with these circles knew that over time, the vast majority of the victims would turn out to be wealthy Jews who, motivated by a base racism, trusted Madoff above non-Jews and ended up getting burned. Now, any mention of any of this is labeled anti-semitism...but the sad truth remains...those who have been burned must look at themselves, each other, their community and at least to some degree come to terms with the fact that “What we have done, to some degree we have done to ourselves.”