Here we go! Let's pass on investor culpability to the regulators. All these people took higher rates than market conditions suggested should be possible and asked no questions.
High Volume. Articles on Israel can also be found by clicking on the Topic or Keyword Israel. or WOT [War on Terror]
----------------------------
This is great news, by abd large these Jewish groups are left wing.
We have some extremely wealthy Jewish friends who are originally from NYC. I know they are big donors to Jewish charities and Israel, but also the Republican Party and candidates. The husband is truly an American Patriot and they are kind, generous people with their time and talents as well as their money. When I googled their name and Madoff’s they appeared together frequently on boards and donor lists. Our friends are away and we won’t see them until Feb. but my husband and I are wondering if they had any investments with Madoff. Not exactly a question one typically asks is it? Did you lose anything/everything?
Well it is always nice to read this reliable pointed accusation. IT makes absolutely NO sense.
Madoff is taking the express elevator to hell.
Look for a defense from him that he is bi-polar and on numerous psych meds that made him “confused”. You see, he is a victim too! I’m saving this prediction for his trial
http://www.freerepublic.com/focus/f-news/2149509/posts
As a Jew, I’ve long wanted to be able to give to Jewish Charities, but every one I’ve seen is so damned liberal, and many hard left, that I refuse to donate as much as a penny.
I find myself giving to the Salvation Army and Catholic Charities, as well as a number of other Christian outreach and charitable organizations, based simply on the work they do. They keep their politics out of their charity, unlike many Jewish charities, like B’nai Brith.
Mark
Between this and supporting Obama, one has to really wonder about American Jews...
This is an outrage. Only the government is allowed to make money disappear. It is government’s purpose and right. No competition allowed.
I hate to see theis happen to the Jewish community. This quote, though lept out at me associated with recent events.
CEOs have been destroying America by simply taking such edicts and parroting them to their junior organizations. Such direction makes sense when speaking at the holding company level, where a larger institution might reasonably dispose of redundant assets when their direction has a functional design. For example, Corporation X has 6 holding companies and between them they have redundant company functions in making particular products, the Corporation as a whole might benefit by selling off a duplicate company, while the market as a whole might benefit from increased competition.
When applied as common rule throughout the organization, it can lead to undermining the foundations of the corporate structure.
I recently spoke with a fellow engineer who heads an engineering section for a major power utility. His utility requires 5 engineers to perform the engineering work for the utility in his discipline (and that of the utility). Word from above announced redundancy would be cut. 3 of the five engineers were laid off. 2 engineers remained and their secretary. Day after day, their senior management criticized their efforts for not performing their responsible charge. One day the junior engineer walked by the senior engineer's door with a box in his hands and simply remarked, he'd see him later. He walked out the door, quit, and went on to other work, without notice.
Now the utility only had one engineer, the Chief in charge of the section and his secretary. Moments later his boss came in and demanded to know when certain engineering assignments were going to be performed. The Chief Engineer told him simply when he got to them, in a prioritized fashion, and perhaps he would have his secretary being screening his e-mails to free up a larger percentage of the day for engineering work, at least until they could hire some more engineers.
His boss told him he didn't rate the secretary in recent administrative reassignments and wanted a schedule for when work would be completed. The engineer then explained he was already 2 hours over normal end of work hours, and he had remained to try to get things organized, but what he was being requested would take more than several hours to produce, and with the several month backlog it could wait till the morning, considering he was late to meet his wife by an hour and the same pace had been ongoing for the past year or two and was the primary reason his fellow engineer finally walked out, unannounced.
The following morning when we walked in his department's door, the company VP and his boss were sitting there waiting for him, demanding to know when assignments would be produced. He asked for them to wait for him to use the restroom. walked back outside and got his coffee from off his car, returned to the office and explained to them that he would work on it when he returned, but had a plane to catch to attend a requisite professional seminar amongst utility engineers of his profession, required to coordinate the utility systems for the region.
Since then he lost the secretary, but they gave him another engineer position in return to assist him with labor,...provided of course they can get their manpower offices to advertise, recruit and hire a real engineer and not somebody they want to place to build their own creative empire.
Now here's the scary part. Folks, these are the engineers who keep us supplied with the utilities we generally assume are and will always be there. They have not only been over-tapped, but those overloading them have progressed with their own insatiable desires, sincerely thinking their policies are productive.
We are finding fewer and fewer mid level managers who actually understand the mechanics of their vocation from the bottom up, and fewer craftsman who know how to fabricate anything unless it is prefabricated off the shelf. The managers rely on only off-the-shelf fabrications and the entire market is becoming/has become an oligopoly of off-the-shelf suppliers. We are very susceptible to failure by the simple interruption in supply lines of communication. When they fail, they won't merely disrupt one commodity, but multiple commodities and even utilities may begin to fail.
Stories such as this one place the blame on criminal behavior or key personnel. IMHO, the much larger problem by several orders of magnitude, isn't the major criminal behavior of those who are identified as causing irreparable damage, but those who commit slightly criminal behavior, are ignored, or not justly held accountable, and establish that behavior as normal operating procedure. It is a system which is simply corrupted from its original functionality. IMHO, that is the real meaning of corruption which destroys empires.
Corruption isn't to be confused only with criminal behavior, as much as it is those who have committed a criminal act, are not held accountable, ignore their unjust action, then perform what is right in their own eyes.
Guess what? Madoff is a big (predominantly) DEMOCRAT sugar daddy!!!
One wonders if Chuckie Schumer will do his usual camera appearance to bash the “Bush” SEC about its failure to “regulate” Madoff, in view of the that Madoff gave big to Schumer’s camaigns and his Democratic National Senatorial Committee.
Ping!
Please see my posts #s 37 and 44.