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OUT OF THE BOXJuly 3, 2009
 
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Thoughts on Madoff, and Shalit
by: Batya Medad
 
Issue:
10.06
 
Important dates

This Month...

Editor's Comment
Michael looks at:
Farewell, Shalom and Adieu

Being Jewish Magazine


see a .pdf copy of the current issue

Features
An Open Letter from Abba to His Family

Enough With The Political Finger-Pointing!

Revisiting the Haggadah

Eddy's Recipe List
Victoria Sponge

Book Review
Unstrung Heroes

The Outspeaker
Encouraging violence is never correct

Nathan Weissler
What my friendship with Michael Hanna-Fein meant to me


Marjorie Wolfe
An Interview with Paul Reiser

BC's Backlot
The Last Shalom

This And That
My Treasure Chest

Three Symbols of Passover

Stress

Lynn Ruth Miller
How we all became part of a bigger story

Mel Yahre
A few words for my friend

Eddy's Thoughts
Don't let life flutter by

The Bear Facts
How I found Michael

 

Madoff, Not Enough Fingers To Count, Not Enough Years To Pay

OK, now it's official, Bernie Madoff was declared/judged guilty and he's supposed to serve until death. But I'm still bothered by the fact that he has been able to protect those who worked with him on the scam.

"...was respected for his vision and trusted by tens of thousands of customers,..." see full text here

That means that there must have been many, many people in his business who knew that the business was a sham, one big rich card game, ponzi scheme. There's no way only he knew what was going on.

The Courts want to strip Bernie Madoff of more money, $171 billion, than it seems possible for one man to own.  My question may be stupid.

How is it possible to accurately calculate who should be compensated and by how much?

Don't forget that the totals in the accounts were bogus, because the money wasn't invested. The payments/investments the conned clients paid were used to give them all "interest payments." The clients' accounts were false, inflated.  Can a team of auditors really discover how much outside money the clients gave Madoff? And then, how do they calculate the percentages of what should be returned, and to whom?


The Israeli Government Must Do More To Free Gilad Shalit

The very first thing is to suspend all Red Cross visits to Arab terrorist prisoners in Israeli hands. If they can't see Gilad Shalit, they can't see anyone here in Israel.

At the same time all "humanitarian aid" to Gaza must be suspended and blocked. It's inhuman cruelty to leave Gilad Shalit and his family without contact.

The time has come for the Israeli Government to treat its civilians and soldiers better than it treats its enemies.

That's all that needs to be done. No prisoner exchange, no gifts and no bribes. There's nothing to negotiate.

 
       
   
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