Posted on 09/28/2009 4:35:14 PM PDT by Liz
Washington, DC (LifeNews.com) -- The Madoff fundraising scandal has had some beneficial fallout for the pro-life movement. Combined with the current economic downturn, the Planned Parenthood Federation of America is feeling the pinch and has laid off 20 percent of its staff. The nation's largest abortion business, which does 25 percent of all abortions in the United States annually, laid off about 30 people this week. Executives at Planned Parenthood confirmed the layoffs in an interview with the Crain's New York business publication.
“As with many other nonprofit organizations, Planned Parenthood has had to make staff reductions at our headquarters due to the challenging economic times facing our country,” Planned Parenthood chief operating officer Maryana Iskander said. “While taking this action is never easy, we want to ensure the millions of women and men who rely on Planned Parenthood as a health care provider that the reductions will not impact our ability to deliver care to those in need," Iskander added. What Iskander didn't discuss is the effect of the Madoff scandal on Planned Parenthood's income.
The Florida-based Picower Foundation, which gave substantial donations to the abortion business, shut down in December because Bernard Madoff had mismanaged its assets. The foundation was worth $1 billion and one of the top financial backers of pro-abortion groups. The charity has given away more than $189 million since 1999 and a sizable chunk of the money went to abortion advocates, including $3.2 million to NARAL, $2.5 million for the Center for Reproductive Rights, $2.4 million for Planned Parenthood, and $625,000 for the Center for Reproductive Law and Policy, according to the American Spectator.
The JEHT Foundation, which gave away $24 million last year to groups, including pro-abortion organizations, also announced in December that it would be shutting its doors. JEHT gave $1.7 million to the ACLU and its foundation and $4.2 million to the Tides Foundation, which heavily funds pro-abortion groups. News of the Planned Parenthood Federation of America laying off staff comes on the heels of one of its affiliates doing so.
Planned Parenthood of Minnesota, North Dakota and South Dakota said in December that hard economic times forced it to lay off 10 employees covering nine and a half positions including its South Dakota director. South Dakota director Kate Looby, who has overseen the lone South Dakota abortion business, run by Planned Parenthood in Sioux Falls, since 2003, confirmed she would be fired form her position
SOURCE http://www.lifenews.com/state3682.html
Pickower must have gotten investment lessons from Hillary ;-)
If theft wasn’t bad enough, he used the ill gotten money to assist abortions.
Just when I think I've heard and seen it all, something like this statement pops up.
What was Hillary’s parallel act? I’m cudgeling my brain in vain.
May the system grind them thoroughly.
Hillary invested 1,000 in a stock option, and (eventually) made 100,000.00
About time. What about Merkin? He’s the big fish.
Surely you remember Mrs. Clinton's legendary Commodity trading wizardry ...
Pales in comparison to this Madoff scam (Billions of dollars vs 100K) - but still obvious theft and manipulation of the markets...
Source please. You have Free Republic as the source coming back to this site. But Reuters listed as the “author”.
One can’t quote anything without a reliable source.
Very good blood lines on the bull ...or was it “beef” ...investment.....
The 950% return is fairly high That means I invest $1,000 and get $950,000 back. Of course, it's less when taxes are taken out. :)
Reminds of something a simple but very successful businessman one told me about how he made his money. "I make something that costs $1. I sell it for $5. I find I can live decently off that 4%."
Cattle futures, actually, IIRC.
It was the most blatant political payoff in history, that is until Obama gave Soros and Brazil billions of taxpayer dollars a few weeks ago.
She didn’t get caught in an outright scam like Madoff, but it’s telling that the sleaze of the situation has been quite forgotten in the flood of Rat sewage.
9,500, not 950K.
Nope. Cattle futures. See http://www.washingtonpost.com/wp-srv/politics/special/whitewater/stories/wwtr940527.htm for the details.
The problem is that they were amateurs.
If you want to run a Ponzi scheme for years you need to be the federal government.
She only turned her $1,000 into $6,300 overnight (a 193,450% annualized rate of return).
It took her ten whole months to turn her $1,000 into $100,000 (a mere 11,880% annualized rate of return).
Of course, Hillary is The Smartest Woman in America.™
And, unfortunately, both Blair and Red Bone are dead and both went to their graves without telling the truth about how Shrillary! was the beneficiary of having completed trades assigned to her account after the fact.
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