Jewish Week: Over 20 years Hadassah withdrew $130 million from Madoff account http://blogs.jta.org/ENTRY_PERMALINK_HERE/jewish-week-over-20-years-hadassah-withdrew-130-million-from-madoff-account/ Over a 20-year period, Hadassah withdrew as much as $130 million from the account it held with Bernard Madoff, according to the New York Jewish Week. en-us jberkman@jta.org Copyright 2009 2009-01-15T;21:55:01-05:00 Comment by Rabbi G. rabg@kidskickingcancer.net I have just been solicitied by the Bernie Madoff Defense Fund.  They told me that if I send in ten dollars, they will send me back one hundred at the end of the year. I have just been solicitied by the Bernie Madoff Defense Fund.  They told me that if I send in ten dollars, they will send me back one hundred at the end of the year.

]]> 2011-02-25T;01:28:00-05:00 Comment by A Hordish Tovpartner@aol.com what supprises you that people have no idea as to what or whom they have given their money too. As long as they have a positive response as to their net worth, they have not investigated whom or to whom they gave it. There is no way to stop this fraud, its endemic in all societies, just use your good sense and watch what you do with what you have. Money is the root of all evil, redeem it and you will triumph. what supprises you that people have no idea as to what or whom they have given their money too. As long as they have a positive response as to their net worth, they have not investigated whom or to whom they gave it. There is no way to stop this fraud, its endemic in all societies, just use your good sense and watch what you do with what you have. Money is the root of all evil, redeem it and you will triumph.

]]> 2011-02-25T;01:28:00-05:00 Comment by BORIS Z GORBIS bzgorbis@msn.com While reading all the media expose of Madoff, I wonder why my 401K, my minor son’s college account, my pension fund went down by some 40%. I am sure that many JTA readers suffered rhe same experience. Here is my question. Is there more than one Madoff? How many are there? And if the sane answer is that the faceless economy ripped us all off, why are we focusing on one personality? Is he the poster face for what went wrong with the whole idea? For years we were misdirected into the government sponsored scheme of income tax deferral as the only legal way to avoid curent tax liability. Where we were supposed to park our money? In the mutual funds and the hedge funds not unlike the one that Madoff ran. What were we looking for? Saviing and keeping abreast of inflation.? No, we wanted more and for a good reason. Money had to grow and we trusted thousands of money gardeners to deliver the harvest in the autumn of our years. Madoff did not bring this situation about and may be as much a victim of it as we all are. The cheap money policy to build a liberal bourgeouis vision of an American dream of house ownership for the disadvantaged, for the dispossed, for the disenfranchised did us in. Well, we all lost and continue to lose oour hard earned money. So why is there (getting back to Madoff) so much hue and cry over his alleged misdeeds. Isn’t he preseumed innocent until it is determined what exactly went wrong in his empire? And if we are at it, what we going to do with the other fund managers that have depleted our savings, ruined our retirement plans and now rise in condemnation of one person as if he was the real and only culprit.? While reading all the media expose of Madoff, I wonder why my 401K, my minor son’s college account, my pension fund went down by some 40%. I am sure that many JTA readers suffered rhe same experience. Here is my question. Is there more than one Madoff? How many are there?

And if the sane answer is that the faceless economy ripped us all off, why are we focusing on one personality? Is he the poster face for what went wrong with the whole idea?

For years we were misdirected into the government sponsored scheme of income tax deferral as the only legal way to avoid curent tax liability. Where we were supposed to park our money? In the mutual funds and the hedge funds not unlike the one that Madoff ran. What were we looking for? Saviing and keeping abreast of inflation.? No, we wanted more and for a good reason. Money had to grow and we trusted thousands of money gardeners to deliver the harvest in the autumn of our years.

Madoff did not bring this situation about and may be as much a victim of it as we all are. The cheap money policy to build a liberal bourgeouis vision of an American dream of house ownership for the disadvantaged, for the dispossed, for the disenfranchised did us in.

Well, we all lost and continue to lose oour hard earned money. So why is there (getting back to Madoff) so much hue and cry over his alleged misdeeds. Isn’t he preseumed innocent until it is determined what exactly went wrong in his empire? And if we are at it, what we going to do with the other fund managers that have depleted our savings, ruined our retirement plans and now rise in condemnation of one person as if he was the real and only culprit.?

]]> 2011-02-25T;01:28:00-05:00