An Ethnic Cleansing in America

"It's Kristallnacht Two!"

By ALEXANDER COCKBURN
CounterPunch

"....In terms of financial and psychological impact, Bernard Maddow’s $50 billion heist certainly ranks as a major ethnic cleansing here in America, a hugely traumatic event for American Jewry. Of course Madoff had clients of every creed and nation, but he made a specialty of trolling for Jewish money....

"‘It’s an atomic bomb in the world of Jewish philanthropy,’ Mark Charendoff, president of the Jewish Funders Network, told Anthony Weiss and Gabrielle Birkner of The Forward newspaper. ‘There’s going to be fallout from this for years to come.’ The collapse of the investment firm of Bernard Madoff has opened a black hole at the center of the tight knit circles of wealthy Jews who socialize and do business together, and who, year after year, support Jewish causes… ”.....

To keep their libraries, laboratories, scholarship programs, hospital services, meal programs and the like, universities and other non-profits who continue to operate in the wake of the Madoff scandal will also almost certainly have to retain law firms to combat efforts to strip those non-profits of past Madoff-related donations – whether directly from Madoff or indirectly from Madoff investors.”

Maybe not. Since a lot of Madoff-derived money went to Israel, I think perhaps we will soon see Congress rush through legislation to limit the liability of Madoff recipient non-profits, with President Obama , whose campagn contributions surely included Madoff money too, only too happy to sign on the dotted line......"