A Letter To Madoff

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  • Posted By: grey029 @ 12/29/2008 1:25:19 PM

    Rabbi, you spoke from the heart and I respect your letter. There will be ignorant individuals, perhaps too politically correct to understand why you said what you said and why you said it the way you did. I commend you.

  • Posted By: rossdiljohn @ 12/29/2008 8:54:00 AM

    Rabbi,i understand your hurt and indeed shame,but what exactly does being a jew have to do with greed?all humans are greedy for something,money,love,power,these are all human desires not confined to any one people.What Madoff did was unforgiveable and should serve as a warning to all in the future who seek profits without asking too many questions while trusting governments to know what is going on and to protect them.

  • Posted By: billnthewild @ 12/29/2008 12:48:13 AM

    Shame on the Rabbi. What difference does his religion make? Criminality, greed, avarice aflicts all religions. This is a stereotyping reinforcement by a Rabbi, no less. Madoff shold be dealt with privately by one of his victims. A court that releases this man under house arrest to a 7 million dollar penthouse does not indicate that justice is being, or will be, served.

  • Posted By: billnthewild @ 12/29/2008 12:45:08 AM

    Bernie Madoff needs to be dealt with, privately. TheRabbi's tie in to Jews only serves to reinforce a stereotype that is a defamation of all Jews. The Rabbi can take shame on himself for not just condemning this man without bringing his religion into the discussion. Ponzi was not Jewish. And religion has no relationship to criminality, avarice and greed. What is religion of the Judge who puts this thief on house arrest in a 7 million dollar penthouse? Justice? The slime admitted guilt, put him in jail while he awaitrs sentencing. And if he dies there, it is a mitzvah.

  • Posted By: colette @ 12/28/2008 5:33:54 PM

    I fully agree but ,up to this point, this man has probably no access within himself to shame, so .....
    I would be curious to know what has become of him....
    Colette

  • Posted By: Bernie5454 @ 12/27/2008 1:20:10 PM

    I find it interesting that many of the comments refer to Jews who have been associated with crimes in the financial world. There has been no mention of the many achievemnets in science, medicine, literature, education,and business. These achievements by people who represnt approximately 2 tenths of the worlds population. Quite an accomplishment for people who have faced rejection since the beginning of time. Jews will continue to make positive contributions to make our world a better place to live in spite of Bernie Madoff.

    Madoff was the architect of this ponzi scheme. However, the people who invested in the scheme came on their own free will begging to give theri money to this money guru.. These were not the uninformed these were very bright people who were interested in the bottom line return only. Madoff was willing to take your money regardless of your religion.
    However, being a Jew made the story more powerful for the news media to sell....shame on them.

  • Posted By: eviely @ 12/27/2008 12:33:07 PM

    It is easy to place blame, but what is needed is help for the victims. There has already been one suicide. Many more are in quiet desperation, selling all their worldly possessions. Yes, they were wrong to invest with Madoff, but what do they do now. My grandparents are in their late eighties and were wiped out 100%. I can't imagine what its like to watch everything you have worked for disappear overnight. Our family is coming together to try and support them as best we can but they are very fragile an broken right now. I am looking for an open letter to the individuals and families. We are the ones seeking spiritual guidance, strength and perhaps a little compassion from our fellow man.

  • Posted By: Second_Opinion @ 12/26/2008 9:10:34 PM


    .


    I understand Rabbi Gellman???s sentiment here. It is likely true that he has some unresolved ???baggage??? related to his being Jewish. I am Hispanic and I can tell you that I cringe whenever news of a crime reveals an Hispanic surname as the culprit. The reason is simple and the same as the Rabbi???s: We both know there are millions of people out there ready to hate us for no more reason than for what we are. In that sense, we are in the same boat.

    However, Rabbi Gellman waxes a little too optimistic when he says that ???every stock broker and money manager and hedge-fund operator and insurance rep??? will now have a hard time selling their wares. The truth is it was ???every stock broker and money manager and hedge-fund operator and insurance rep??? that helped mightily to get us into this mess. They are all guilty as sin and so are millions upon millions of consumers.

    What???s really worrisome is that Mr. Madoff was once considered a genius on Wall Street. Imagine if had not been caught and his luster was undiminished. Now imagine that a well intentioned politician, looking for a new Treasury Secretary, had settled on him rather than Henry Paulson. Scary, isn???t it?

    This should serve to warn us forever about Wall Street and its denizens. However, it will not. This financial meltdown will soon be forgotten and relegated to case studies in MBA programs. The S&L failures, the junk bond crisis, and others have cost this nation trillions of dollars. We have irretrievably mortgaged our grandchildren???s futures and sold much of collective soul to China. And, still, we will not learn. The growth curve cannot go up and to the right forever. Periodically, perhaps cyclically, it has to take a sharp and severe downward turn as it now has.

    Finally, Rabbi Gellman should not heap so much responsibility for anti-Semitism on Mr. Madoff. There are many others who, if need be, can share in the responsibility. Not the least of them would be Michael Milken and, most recently and perhaps most egregiously, the owners of Agriprocessors in Postville, IA.

    Agriprocessors not only put profit and greed above all else, they deliberately and callously took advantage of illegal immigrants, subjecting them to monotonous, repetitive, and extremely dangerous work. Other allegations include animal abuse, anti-competitive practices, pollution, and child labor violations. These people were clearly not saints. Those of you who are staunchly anti-immigrant should know that American workers initially filled the slots vacated by the illegal immigrants. However, once they realized what they had gotten themselves into and how dangerous the work was, they left. Ultimately, Agriprocessors declared bankruptcy.

    What makes Agriprocessors so offensive is that members of a group of people subjected to unspeakable and nightmarish horrors in 1939, should then turn around and abuse another group of people who, similarly, had no legal standing in the community.

    There is blame a

    • Posted By: Second_Opinion @ 12/26/2008 9:14:26 PM

      There is blame aplenty to go around.

  • Posted By: BillWallz @ 12/26/2008 7:52:48 PM

    Rabbi,
    How much did you get paid for writing that open letter? Are you going to offer your paycheck to some of Madoff's victims are you going to profit on his misdeeds?

  • Posted By: eveegl @ 12/26/2008 5:49:42 PM

    What a letter. You hit it right on! Should lock him up and never see another living soul the rest of his life.

  • Posted By: collegevoter @ 12/25/2008 2:45:32 AM

    I still fail to see how this is a story. If you are worried about the Jew game and don't want yourself othered, then stop othering yourself or seperating yourself out by making out that this crime is somehow worse because it is perpetrated by a Jewish person on other Jewish people.

    Jack Abramoff was Jewish and ripped Native American tribes out of hundreds of millions of dollars. Where was the outcry?

    Kenneth Lay was Methodist and ripped other Methodists out of hundreds of millions of dollars. Again the crime was not somehow better or worse because he was ripping fellow Methodists off.

    Ripping ANYONE off regardless of their religion is wrong. Attempting to push a stereotype on ANY people because of the actions of what one person of that race does is wrong. And should be resisted.

    The attempt to tie Madoff into the Jew game, as the author of the article himself admits, is ludicrous. So why do it? The Joe Lieberman's accomplishment bit is equally absurd, as others have also pointed out. Nothing will stop his victims' courage and compassion? Great. No hyperbole there. Again, where is the evidence of their courage and compassion. And, given that they just lost hundreds of millions of dollars, shouldn't they focus a little bit MORE on their observation and a little less on their courage and compassion.

    Courage and compassion of his victims? Geesh. Give me a break. There are thousands of young men and women, many of whom are Jewish as well as Christian, Hindu, Muslim and any other religion. How about we save courage and compassion as terms for THEM and not Steven Spielberg, Robert Chew or anyone else, regardless of religion, who simply were not observant enough and got swindled.

    • Posted By: senior-chief @ 12/26/2008 5:17:30 PM

      By lumpin' all relegions together, your misuse of language, is an apathy, agin' different sects who belive in God. Question: Do you believe in God. Simple statement for a simple college-aged KID-- Peace, Senior-Chief

  • Posted By: senior-chief @ 12/26/2008 4:57:21 PM

    As a person of protestant leanings, ones heart must tell the madoffs (lower case), that interest of others is primary. The rebbi, speaks clear truth. I spent 3 1/2 yrs in the Israel, attached to their Navy. Never have I met such strong, intelligence, men & women. Bernie, you are not a son of Abrahan...... May your future days be uneasy. Peace

  • Posted By: RantingRonnie @ 12/26/2008 4:55:04 PM

    Right On Target, Rabbi Gellman! After all the combined crimes of trust perpetrated by the multitudes of self-serving Swindlers on Wall Street, Bernie - individually - tops them all!

    This guy should be doing serious penance - and should be behind bars, instead of being held in luxurious Home Detention. $10 Million Bail on a $50 Billion Swindle? Chump Change for this Guy! - This is a case where Bernie should be Held Without Bail - and given a gun with a single bullet in it - to be used on the Swindler by the Swindler - in the only honorable act this Guy will ever perform!

    I never thought I'd see a more heinous financial crime than that imposed by Ken Lay and his malicious minions at Enron. And then Along Comes Bernie! Do the world a favor, Bernie - and drop dead - if not from outright shame, then of either your own hand - or any other appropriate Natural Cause.

    Our illustrious President has vowed Death to Terrorists - and Madoff is little more than a domestic Financial Terrorist, as remorseless and deluded as any member of Al Qaeda. May he burn in Hell eternally.

  • Posted By: hildyl @ 12/26/2008 4:25:59 PM

    I write this as a Jew,

    Most Every Jew who invested with this guy is guilty of his part in resurrecting "the Jew game."

    This man was promising returns that just did not jive with what was going on in the rest of the financial markets, but did investors question? The wealthy Jews who invested with him BELIEVED their wealth made them special, part of a protected group. Naïve? Without a doubt. Arrogant? Absolutely.

    I was amazed by how much people invested with one entity. I am no financial wizard, but I know enough not to put all my eggs in one basket, even if that basket is controlled by someone I trust.

    The bottom line is that stereotypes exist for a reason: they are borne in reality. Jew lived up to this stereotype by their GREED...closing their eyes to the simple principle that we are all taught as children. If something seems too good to be true, it usually is.

    There is another part of this story that a lot are quietly gleeful about. So many of the victims of Maddof, including the charities, funded extreme left wing candidates and charities. Not all charities do good work as we would personally define it.

    Like it or not Jews usually support left wing causes and politicians as they have the absolute right to do. There are many conservatives, myself included, who believe Jews are their own worst enemies and are contributing greatly to the social collapse of this Country.

    Madoff just supplied a face to the stereotype, but his investors supplied the soul.

    If we can't look honestly at ourselves, warts and all and if Jews keep portraying themselves as victims once again, the stage will be set for the repeat of history on an unimaginable level.


  • Posted By: trogers @ 12/26/2008 3:52:21 PM

    Like all great swindlers, Madoff knew that betrayal is built upon trust. He cultivated that trust for years with his steady returns on investment, his soft sell and his prominant involvement in charitable causes. He became a pillar in the Jewish community precisely because they were his most vulnerable victims. There will be anti-semitic reactions to this incredible fraud. Some will use it to justify their own predjudice. But in the end Madoff is not a Jewish swindler but a swindler who happened to be Jewish. He knew his targets well and used that intimacy as fuel for his schemes. All great swindlers know that you can steal from a stranger, but you can rob your friends and family blind.

  • Posted By: bikebrains @ 12/26/2008 11:40:39 AM

    Ponzi gave his name to the English language as a result of his greed. Now Madoff''s name should suffer the same fate. This column should be used by the authors of dictionaries when writing the definition of "madoff" and "madoffian".

  • Posted By: Normdepalma @ 12/26/2008 2:06:27 AM

    Rabbi Gellman--
    You are an abomination. You have made the title of Rabbi an abomination. You have wiped out the accomplishments of Sandy Koufax and Mark Spitz. You have placed an asterisk on the 1999 Shawn Green season. You have sold the Russians secrets to writing an inspirational Christmas carol.
    I could go on with my reductio ad absurdiam---but suffice it to say, that if your 'open letter' had not been written by a D List Clergebrity, noone would have published it. Have a Happy Chanuka and enjoy playing the Jew Game.

  • Posted By: Davidebert @ 12/25/2008 9:46:37 PM

    I fail to see how anyone could misconstrue this as a "Jewish" crime. It was in fact a crime principally AGAINST Jews and Jewish charities. Madoff might as well have been a Nazi for all the harm he did to Jewish life and charities. When Jim Bakker and other TV evangelists rip off people for millions, people don't tar all Christians with that brush- they rightly place the blame where it belongs: on the individual. The astonishing size of this ripoff is what sets it aside from other thefts. But wait: when the facts about the recent bank "bailout" come out, the 700 billions we just got scammed out of will dwarf the Madoff scheme. That 700 billion was a last ditch effort of the exiting administration to scoop more billions. Paulson is a hero to them all. But- the truth will come out. Just wait.

  • Posted By: hippyjr @ 12/25/2008 6:17:22 PM

    madoff didn't steal the money!he just lost it on bad investments but if he says he lost it the investors can get their money back from us the taxpayers.check out GlobalResearch.ca,madoff double bluff.

  • Posted By: ipfreak @ 12/25/2008 3:31:15 PM

    madoff is madoff. he is just one of those millions criminals in this world. it gotta nothing to do with his jewish background. for those people who are anti-semantic, with madofff or without madoff, they would hate jews anyway, for no reasons...

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