Who, Me?
December 15th 2008
Over the last few days, the largest financial scandal in Wall Street history has begun to unfold. The facts are still coming in, and it will be some time until the full scope of the scandal is truly understood - but so far, it appears devastating. Bernard Madoff was arrested on Friday, December 12th 2008 after admitting to having been running the largest Ponzi scheme ever, spanning decades, and involving over $50,000,000,000 (that’s right, billion) of investor money - now all gone.As I began reading the initial news article, my jaw hung open. Not only did someone work up the inhumanity of stealing tens of millions of dollars from countless individuals, and spending it on mansions, a yacht, and a first class lifestyle, but this is unfolding at what can be said as literally the worst possible time. The United States (and much of the Western civilized world) is just beginning to plunge into the worst economic situation in memory. Then it got worse…
Mr. Madoff is a Jew! Not only a Jew, but he served as the treasurer of the board of trustees for Yeshiva University - one of the most well-known Jewish institutions in all of New York. At this point my jaw was on the floor. Upon his arrest, Yeshiva University instantly took a catastrophic hit on its endowment. Many prominent Jewish people have been completely wiped out, many of them elderly (living in Florida, obviously).
Why is it that people don’t realize their actions will paint future history books, and shape the world of their grandchildren? Is there any doubt in your mind that when the history of American Jewry is written, Madoff’s name will not be written in bold letters, and described as the name that did enormous damage to the entire Jewish nation, and ran American Jews’ reputation through the mud? His family is ruined. His future descendants are ruined. And to a certain extent, American Jews are ruined. Worst of all, it seems his only response can be “Who, Me?”
What is the world to think of Jews now? Factor in that Mr. Madoff was a huge contributor to Jewish charities across the globe. What is the world to think of Jews that give charity now? In Jewish law there is a well known concept called Mitzva HaBaa b’Aveira - a good deed that comes as the result of a bad one. The individual responsible is not credited for that good deed. It is invalid. Rather, they are punished for the bad one. We are witness to the clearest example of this that I have ever come across.
Mr. Madoff is officially responsible for the destruction of thousands of lives, families, Jewish institutions, and more. It has been 1 business day since this scandal has surfaced, and already two non-profit Jewish organizations have been forced to terminate their entire staff, and close their doors. What will be the future of Yeshiva University, no one knows. This man has single handedly prevented an untold number of Jews from receiving a greater Torah education, from visiting the land of Israel, from being able to afford Kosher food for their children!
If all this isn’t bad enough, major foreign banks have been hit, some for as much as over a billion dollars. Great job Bernard - I’m sure Jews have all really been missing the atmosphere of open anti-semitism, like that of 19th century France, which produced the Dreyfus Affair (read about it). I cannot express how damaging this is for worldwide Jewry - and at a time when the security of the state of Israel is in tremendous limbo… I need not remind you the 6-month ceasefire between Israel and Hamas is coming to an end, and Hamas has vowed not to renew it. I need not remind you Iran is still rapidly assembling a nuclear weapon with Israel’s name on it, in open defiance of the entire world. I need not remind you the security of the state of Israel (which believe it or not is a security blanket for all of world Jewry) GREATLY depends on the stature and reputation of powerful foreign Jewish communities (at the present time, those in America).
We are in serious trouble, fellow Jews. Do not take this lightly. And please do not respond “Who, Me?”
Yes, You!!!
I would like to bring to your attention a man I greatly look up to. Among many other things, I find him extremely knowledgeable, realistic, well researched, and insightful. He has written 19 books, produced 13 movies, given thousands of lectures on History and Jewish topics, and writes weekly for one of the most prestigious media outlets in Israel, the Jerusalem Post. He has also served as the executive vice president and Chief Rabbi for the most recognized Kosher certification on earth, the OU. Lastly, he has also founded and run a high school, has served as the rabbi for multiple Jewish synagogues, and has traveled the world extensively. I introduce world renown author, historian, and educator