Is the Madoff Scandal Paradigmatic?

Kevin MacDonald: The current TOO article by John Graham and me, “Is the Madoff Scandal Paradigmatic?,” reviews 8 books on the Bernie Madoff scandal. From the beginning, there was a pronounced Jewish angle to the media coverage of the scandal—mainly emphasizing that Madoff was a Jew who stole from other Jews. However, this review (for which the lion’s share of the credit goes to Mr. Graham), explores the far greater depth of Jewishness apparent in the incident. Here I review several important themes.

Contrary to the image in the media, the scandal in fact was a large scale transfer of wealth from non-Jews to Jews. The big money that entered the fund beginning in the 1990s was predominantly from non-Jews, and especially from Europe. In the end, according to whistle blower Henry Markopolos,the European losses were substantially more than losses in the United States.” We suggest that the attraction of wealthy, aristocratic Europeans may have been an example of the “court Jew” phenomenon: “For centuries it was customary for aristocratic landowners, particularly in Eastern Europe, to delegate the task of managing the businesses operations on their estates to Jews, sometimes using the same families for generations.”

Madoff succeeded for so long because he had become a classic Jewish rabbi/guru who was idolized as God-like by the Jewish community. The Jewish community regarded Bernie like a messiah. He was spoken of as if godlike.This is a common feature of Jewish social structure generally—and much emphasized in The Culture of Critique. Just as people who questioned the Oedipal Complex were expelled from psychoanalytic societies and labeled as having various character flaws, an Israeli woman who questioned Madoff’s genius was called an “anti-Semite.”

Interestingly, quite a few of Madoff’s Jewish clients seem to have believed that it was a fraud or at least based on illegal activity such as “front-running” (trading ahead of client orders). “Many Madoff accounts thought they were safely benefitting from illegal activity — and did not care.” They seem to have thought of themselves as benefiting from Jewish ethnic networking where there has been a long tradition of failing to report illegal activities of other Jews— an offence known as Mesirah (informing).

Perhaps most explosively, we suggest that Madoff was protected because of the power of the Jewish community:

The Bernard Madoff matter was one about which a significant segment of Jewish America cared very much — some for financial reasons, others, perhaps, because of community pride and loyalty. Challenging this group was well known to be extremely dangerous. As in other matters, they awarded themselves a veto, and they used it — as it happened in this case, to their cost. All in all, the Madoff affair and the cover-up is another indication of Jewish power in America.

For example, Henry Markopolos, in his aptly titled No One Would Listen, comments

In my mind, at least, I was convinced that someone high up at the [Wall Street] Journal had decided it was too dangerous to go after Bernie Madoff. … I was finally beginning to consider the possibility that Bernie Madoff was untouchable — that he was simply too powerful to be brought down.

Madoff was investigated eight times by the SEC, but each investigation was inexplicably stopped. Sen. Charles Schumer seems to have been part of the power structure protecting Madoff. Madoff and his sons maxed out their contributions to Schumer. Schumer phoned the SEC on Madoff’s  behalf,  and he treated Markopolos with incredible rudeness during Senate hearings — not exactly the expected treatment toward someone who was right all along.

What has been portrayed as SEC incompetence now looks quite a bit like corruption. “We submit that the SEC failed to stop Madoff not because it was incompetent, but because it was afraid — of the Jewish Establishment.” It seems likely that even greater corruption was involved in the financial collapse that has been such an ongoing disaster for the country. The fact that Goldman Sachs managed to settle its involvement in one particular deal with a slap on the wrist.

Consistent  with the corruption thesis, it appears that Madoff’s accomplices will get off easy. Amazingly, an article that appeared too late to include in the print version questioned whether anyone will be criminally charged with being an accomplice to the fraud. Bernie is taking the fall all by himself, but it wouldn’t be too surprising if there’s lots of money stashed for his family members.

Perhaps in the back of Madoff’s mind was the idea — possibly the instinct — that after a few years, perhaps in a different country, maybe speaking a different language, his family would live on, possibly with a new name (surname changes are under way among the Madoff kin) and perhaps with some portion of the loot.

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57 Comments to "Is the Madoff Scandal Paradigmatic?"

  1. Nungman's Gravatar Nungman
    July 20, 2010 - 3:21 pm | Permalink

    The nN’s will dine out on the Madoff scandal for a long time. True, not all the victims were Jews. Not all the “victims” were really victims, true, too. But every confidence game is based on making the “mark” believe that **he’s** the smart one. “You can’t cheat an honest man” is a truism from long before Bernard Madoff.

    Most of the country blames lax enforcement by the SEC. Prof. MacDonald blames (gasp) The Jews. He also has made some pretty hard accusations against one Jew in particular: Sen. Chuck Schumer (D-NY). Sen Schumer has returned the $6,000 denies contacting the SEC and can in general defend himself.

    Prof. MacDonald also has charged Sen. Schumer with “incredible rudeness” toward whistle blower Harry Markopolos when Markopolos testified before the Senate Banking Committee last year. I watched every minute of that hearing. I fail to see the special “rudeness” shown to witness Markopolis whom the Senator referred to as “…a man of great integrity” and never once interrupted, contradicted or upbraided.

    It can be viewed here, starting at 124:30 and going to the end. http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.LiveStream&Hearing_id

    If anyone could be called rude it was Markopolis. He at one point referred to the SEC staff as “monkeys”–with two high officials of the SEC sitting right next to him at the witness table!

  2. HA's Gravatar HA
    July 20, 2010 - 4:04 pm | Permalink

    The difference between this case and other hedge fund frauds in which auditors have been held liable is that Madoff was not actually a client of any of the large auditing firms. Madoff’s firm used the small New City, N.Y., accounting firm Friehling & Horowitz — which reportedly had offices in a strip mall and had only three employees, including a secretary, an accountant and a partner in his seventies who lived in Florida. Industry experts now say that the size of Madoff’s accounting firm should have been a giant red flag.

    http://www.time.com/time/business/article/0,8599,1867092,00.html#ixzz0uGUFlyI8

    Jews make billions like they’re still behind a pushcart on the Lower East Side.

  3. Tom's Gravatar Tom
    July 20, 2010 - 4:05 pm | Permalink

    @ nun-gman

    “Similarly strange things had happened when Markopolos went (voluntarily) in March 2009 to brief the newly appointed chief of the SEC, Mary Schapiro. David Becker, the career Wall Street lawyer imported the previous month as SEC General Counsel, picked a quarrel over extraneous trivia and threw a tantrum so violent that Markopolos’ lawyer “thought that he was about to come right over that table and go for my throat” (Markopolos, 249). Consequently, the meeting was terminated.”

    Schumer has another Jewboy who will cause him serious grief. I’ll get to that later. :)

  4. Felix's Gravatar Felix
    July 20, 2010 - 4:39 pm | Permalink

    Judaism’s Law of Moser, “A Jew shall not tell on another Jew,” makes La Cosa Nostra, with its ‘omerta,’ like a troop of girl scouts.

    Like it or not, Jews don’t play by the same rules everyone else in society is expected to, and more people need to be aware of it.

  5. July 20, 2010 - 4:42 pm | Permalink

    Others are starting to pick up on the story that there is corrupt racketeering going on between Wall Street, the “regulatory” agencies and the political establishment.

    The Washington Examiner:
    The SEC’s fishy deal with Goldman
    http://www.washingtonexaminer.com/opinion/Answers-needed-on-SEC_s-Goldman-deal-1001783-98789954.html

    Everyone with half a brain knows that the Jewish Zionist establishment is neck deep in all this corruption that is destroying the country. So many Jewish Zionists exist with one foot in America and one foot in Israel that it becomes nearly impossible for them to resist the temptation of swindle, confident in the knowledge that if ever detected freedom from prosecution is just a plane ride away in Israel.

    I think a lot of goy politicians have simply given up and concluded “If you can’t beat, join ‘em,” and probably a lot of other everyday Wall Street types that would otherwise play (more or less) by the rules, too.

    The corruption phenomenon is yet another in the growing laundry list of scurrilous influences and criminal actions that Jewish supremacists perpetrate against their host societies whenever given an inch of daylight or breathing room. With one eye perpetually on the door and their hearts in Israel, they couldn’t care less if the entire country falls to pieces and turns completely lawless because they’ll always have immunity, refuge, and plenty of ill-gotten gains to enjoy once they’ve made aliyah to their primary loyalty…nay, their only loyalty, really.

    How could the post WWII generations have been so stupid and naïve as to allow Jewish nationalism to run amok in America? There can be no more irresponsible and criminally negligent country-destroying mistake than that.

  6. Valley Dweller's Gravatar Valley Dweller
    July 20, 2010 - 5:13 pm | Permalink

    This is an excellent expose. You continue to do a great service, because there’s basically no one else in the world that is informing the general public on this entire subject.. and that has such importance on our society

    One question I’ve never been able to figure out: Why would Jews generally support progressive taxation on the highest income earners — when Jews themselves generally are these highest income earners?

  7. jkr's Gravatar jkr
    July 20, 2010 - 6:16 pm | Permalink

    You guys really do some top-rate scholarship. Even when delving into areas in which you’re not experts, you manage not to suck. Hope you keep up the quality control and don’t devolve into mere WNs. Stay classy, San Diego.

  8. Nungman's Gravatar Nungman
    July 20, 2010 - 7:13 pm | Permalink

    Yeah, yeah, yeah. Heard it all at the local gin mill.

    But in his Senate testimony Harry Markopolos had only plaudits for Mary Shapiro the new Commissioner.

  9. admin's Gravatar admin
    July 20, 2010 - 8:27 pm | Permalink

    Nungman writes: “Sen Schumer has returned the $6,000 denies contacting the SEC and can in general defend himself.” I’d like to see citations on this. Kevin

  10. John Graham's Gravatar John Graham
    July 20, 2010 - 8:32 pm | Permalink

    Nungman,

    Could you please provide sources for your statements that Sen Schumer has denied calling the SEC for Madoff, and that he returned the Madoff donations? (Not that the latter really matters.)

  11. Nungman's Gravatar Nungman
    July 20, 2010 - 9:07 pm | Permalink

    Try this, for starts…

    Navigate:
    POLITICOGlenn ThrushSchumer denies report he called SEC on Madoff probe
    Main Content
    Schumer denies report he called SEC on Madoff probe – Glenn Thrush: Schumer denies report he called SEC on Madoff probe

    February 26, 2010
    Categories: New York
    Schumer denies report he called SEC on Madoff probe

    Sen. Charles Schumer is denying a published report that he called the Securities and Exchange Commission for details about the probe into Bernie Madoff’s $65 billion-dollar Ponzi scheme.

    Then this..

    http://www.nydailynews.com/money/2008/12/15/2008-12-15_sen_chuck_schumer_among_politicians_givi.html

    You haven’t asked for citations as to the alleged rudeness toward Harry Markopolos, I notice. Will you publish a retraction?

  12. July 20, 2010 - 10:24 pm | Permalink

    Hasbaranik Jewish nationalist Nungman goes to bat for (gasp) hasbaranik Jewish nationalist Chuck Schumer. Gee, I wonder why? Could it have anything to do with the following?

    Schumer: I’m on a Mission From God (to Be Israel’s Guardian in Senate)
    (Huffington Post)
    http://www.huffingtonpost.com/mj-rosenberg/schumer-im-on-a-mission-f_b_560091.html

    Jewish Tribalism in Action: Charles Schumer poised to become Senate Majority Leader
    (Occidental Dissent)
    http://www.occidentaldissent.com/2010/05/27/jewish-tribalism-in-action-charles-schumer-poised-to-become-senate-majority-leader/

    Schumer Says It ‘Makes Sense’ To ‘Strangle [Gaza] Economically’ Until It Votes The Way Israel Wants
    (Think Progress)
    http://thinkprogress.org/2010/06/11/schumer-strangle-gaza-economically/

    Israel’s ‘guardian,’ Sen. Schumer says Gazans are suffering but they deserve it
    (Mondoweiss)
    http://mondoweiss.net/2010/04/israels-guardian-sen-schumer-says-gazans-are-suffering-but-they-deserve-it.html

    Jewish Zionists always circle the wagons around their own no matter how unethical, criminal or even murderous. It wouldn’t matter to Nungman if Schumer was a serial killer, so long as he took the right position on Israel and on perpetuating the other Zionist rackets. They’re all so neck deep in warmongering and corruption, they know they have to work night and day to fend off their many (justifiably) angry enemies.

    One would think at some point they’d want to try something other than lawlessness for mere peace of mind, but then again, such a rational act would be uncharacteristic of the death cult that they are.

  13. July 21, 2010 - 1:00 am | Permalink

    Did Schumer make the call to the SEC or didn’t he?

    Perhaps a bit of Talmudic obfuscation on Mr. Nungman’s part. My, these people can argue. No wonder they win debates with G-d. If He Himself throws up His Hands in exasperation and says, “All right! You win! Anything, just please shut the hell up!” what chance do we mere goyim have of scoring any points?

    Anyways, an entirely plausible scenario may be that Schumer had a staffer call the SEC on his behalf. Markopolis would only get the gist of the story and this would allow Schumer personal deniability at a later date should the need arise. Smart! It all depends on what your definition of ‘is’, is, remember?

    Sleaze politics 101.

  14. Captainchaos's Gravatar Captainchaos
    July 21, 2010 - 1:16 am | Permalink

    Markopolos claims that a “government agency” informed him that Schumer did indeed contact the SEC on behalf of some of Schumer’s constituents regarding its investigation of Madoff. Markopolos further contends that Schumer committed no impropriety in so doing. This begs the question: Why would Markopolos fabricate a claim regarding Schumer’s conduct motivated by an alleged desire to smear Schumer when said fabricated claim would have no power to damage Schumer at all in the opinion of Markopolos in that Markopolos himself believed the conduct he ascribed to Schumer was not improper and would therefore have no power to damage Schumer?

    If Nungman cannot come up with a satisfactory answer to that question I will be forced to question the supposed superiority of the Jewish intellect.

  15. Captainchaos's Gravatar Captainchaos
    July 21, 2010 - 1:54 am | Permalink

    Either Markopolos is lying or Schumer is lying. Let us assume it is not Schumer but Markopolos who is lying and then ask the question, What would motivate Markopolos to risk such a potentially self-discrediting and therefore personally damaging lie? The obvious answer, and I’m sure Nungman would agree, Markopolos is an anti-Semite; Markopolos is motivated to lie by his anti-Semitism. But according to Schumer, as brought to our attention by Nungman himself, Markopolos is “…a man of great integrity”. And, presumably, both Schumer and Nungman believe that by definition an anti-Semite cannot have “great integrity”. Is Schumer then mistaken in ascribing “great integrity” to Markopolos or is Schumer lying when he does as such? If the latter, then why should we not also assume that Schumer is lying in his denial of Markopolos’ claim?

  16. Tom's Gravatar Tom
    July 21, 2010 - 1:59 am | Permalink

    @ nun-gman

    I watched the Senate hearing on C-Span—just go to C-Span and search Markopolos. The link you provided was dead.

    There seems to be some holes in the C-Span video of the hearing, but, Schumer acted like a typical New York Jew which he is. LOL. He did everything, but, pick his nose and eat it. Schumer made gestures, like looking over the top of your (his) glasses, and other dissmissive hand gestures which are not considered polite among White men. Maybe among you Jews it is, but, not among White men in a serious setting!

  17. TGD's Gravatar TGD
    July 21, 2010 - 7:17 am | Permalink

    TOO article is really too long and comprehensive to comment on other than to say that it is a terrible indictment of unassimilated elements of world Jewry.

  18. Nungman's Gravatar Nungman
    July 21, 2010 - 7:40 am | Permalink

    Shouting “Jew! Jew!” might work as an intellectual argument in the old Third Reich, but in the USA…

    Harry Markopolos may simply be mistaken. For all his perceptiveness and integrity he unfortunately does have a loose mouth as the Senate committee hearing demonstrates. This may be a clue as to why Markopolos wasn’t taken more seriously when first he approached the SEC.

    Recall there is not a question of the Senator attempting to impede an SEC investigation, or warn Madoff that the agency was after him. IF he called them or had someone else do it, it was because one or more of Schumer’s New York constituents, a major foundation perhaps, called or wrote **him** to ask “What’s up with this Madoff? Is he OK or is he under investigation by the SEC?”

    Tom, if you want physical beauty you should have seen Norm “Pretty Boy” Coleman of Minnesota. Was Sen. Schumer any uglier when Markopolos was testifying than he was when Walsh or Khozami of SEC were?

    Sorry about the dead link. Try the following, then select the videocast:

    http://banking.senate.gov/public/index.cfm?Fuseaction=Hearings.Hearing&Hearing_ID=7b38b6a3-f381-4673-b12c-f9e4037b0a3f

  19. Tom's Gravatar Tom
    July 21, 2010 - 8:37 am | Permalink

    @nun-gman

    I’m not interested in judging a Jewish male beauty contest. LOL. But, you Jews should remember that many, if not most White Americans find your Jewish mannerisms, gestures, body language, and figures of speech to be repulsive, and intentionally impolite.

  20. July 21, 2010 - 9:04 am | Permalink

    Shouting “anti-Semitism!” might have worked as an intellectual argument in the pre-Internet, politically correct, liberal media days, but in the neoconned, Israel lobby-Iraq war scarred, Judeo-Wall Street-swindled, Zionist death cult-wise America…

  21. July 21, 2010 - 9:09 am | Permalink

    The worm has turned, Nungman. Get used to it.

    Better yet, relocate to Israel where you can be a death cult patriot instead of a treasonous fink.

  22. Nungman's Gravatar Nungman
    July 21, 2010 - 9:17 am | Permalink

    How about Sen. Joseph Lieberman from the neighboring State of Connecticut, Tom? Same gestures, mannerisms, regional accent?
    He’s just as Jewish Chuck Schumer.

    Though he’s never going to run for President, I’m sure Sen. Schumer is proud of his immigrant East European background and makes no effort to hide it.

  23. July 21, 2010 - 9:24 am | Permalink

    Quit trying to shield your treasonous ilk behind respectable, patriotic American immigrants, Nungman. Have you no shame?

  24. July 21, 2010 - 9:57 am | Permalink

    Valley Dweller @ July 20, 2010 at 5:13 PM
    One question I’ve never been able to figure out: Why would Jews generally support progressive taxation on the highest income earners — when Jews themselves generally are these highest income earners?

    The reason they do so is THEY CONTROL THE GOVERNMENT, they USE the government as a TOOL for their goals, most prominently the END OF THE WHITE RACE, then the preservation of their RACE. Basically that is it, We PAY for it, they USE it.

  25. John Graham's Gravatar John Graham
    July 21, 2010 - 11:09 am | Permalink

    On P243 of his book, Markopolos says that when interviewed (to his surprise, under oath, and after being told that this was a criminal investigation) by H. David Kotz, Inspector General of the SEC, Kotz
    “…asked…if I knew anything about the phone call supposedly made by Senator Schumer – I didn’t…”

    On P141 he more circumspectly reports

    “I was told by a government agency, for example, that at some point New York Senator Chuck Schumer called the SEC to inquire about the Madoff investigation…”

    Of his September 10 2009 Senate Banking Committee appearance Markopolos says

    “I was surprised that I was asked so few questions in this hearing. Senator Schumer seemed to focus on the other members of the panel…Schumer carefully controlled this panel.”

    Nungman’s friends (employers?) are to be congratulated on the resources they make available to him. The Politico story he supplies as the source for Schumer having denied having called the SEC for Madoff has no live link because it is no longer on the Politico site. Clearly he is working of a dossier assembled to defend Schumer in the event of the matter being raised. He can have had no idea it would be needed in patrolling OO until the main essay was posted barely 12 hours earlier.

  26. Tom's Gravatar Tom
    July 21, 2010 - 1:09 pm | Permalink

    @ Graham

    It will be interesting to see how the Senate Jewboys dissemble on Ron Bloom when that blows up. The first shot has already been fired. The independent audit questioned how, and why auto dealerships were taken from some, and not from others, and the logic of closing succesful auto dealerships.

    http://en.wikipedia.org/wiki/Ron_Bloom

    In 2008, Bloom spoke to an audience at the sixth annual Distressed Investing Conference held at the Union League Club and said, among other things, “Generally speaking we get the joke. We know that the free market is nonsense. We know that the whole point is to game the system, to beat the market, or at least find someone who will pay you a lot of money because they’re convinced that there is a free lunch. We know this is largely about power, that it’s an adults only, no limit game. We kind of agree with Mao that political power comes largely from the barrel of a gun. And we get it that if you want a friend, you should get a dog.”

  27. Tom's Gravatar Tom
    July 21, 2010 - 1:14 pm | Permalink

    @nun-gman

    Like Lieberman, Henry Kissinger has blonde hair and blue eyes too. LOL. This ain’t a beauty contest.

  28. Felix's Gravatar Felix
    July 21, 2010 - 1:40 pm | Permalink

    Shiva wrote: “The reason they do so is THEY CONTROL THE GOVERNMENT, they USE the government as a TOOL for their goals, most prominently the END OF THE WHITE RACE, then the preservation of their RACE. Basically that is it, We PAY for it, they USE it.”

    Shiva, Judaism’s founding myth, (Genesis 27). the theft of Isaac’s blessing for his first born, Esau, by his younger brother Jacob, later called Israel, establishes a tradition of legitimating theft, prevarication and duplicity.

    Seen in light of that story, one shouldn’t be surprised that Jews backstab non-Jews when it suits their purposes. Seen in the light of that story, the treason of Jonathon Pollard becomes comprehensible as well as the callous slaughter of the servicemen aboard the USS Liberty by members of the Israeli air force.

    Seen in the light of that story, the neocons’ belief in the Straussian concept of the “noble lie” becomes completely logical. Why should one feel obligated to tell the truth to others when you belong to a tradition which was first established through theft and a lie?

    Seen in the light of that story, why “pious” Jews would find it acceptable to traffic in human organs taken from poor Eastern European peasants is understandable.

    Seen in the light of that story, gentiles would do well not to trust Jews, or if they choose to do so, they should verify first whatever they’re told.

    Even if the 27th chapter of Genesis is just a myth, it establishes from the beginning that fraud and deception are accetable to this religion. Seen in the light of the story from Genesis, why Bernie Madoff would find it acceptable to steal becomes understandable.

  29. HA's Gravatar HA
    July 21, 2010 - 1:52 pm | Permalink

    Nungman begs the question: you were vile, repulsive creatures in the shetls, so you honor your roots by disgusting the Americans who took you in as refugees? At least the Poles never had to hear your guttural voices on TV.

  30. Nungman's Gravatar Nungman
    July 21, 2010 - 2:17 pm | Permalink

    Mr. Graham–
    Sen. Richard Shelby is the Ranking member of that subcommittee and he could have asked all the questions he wanted to. I suggest it was the quality of Markopolos’ answers that dictated how many questions he was asked (“…couldn’t find ice cream in a Dairy Queen…if you pay people peanuts you’ll end up with monkeys,” and so on).

    Harry Markopolos spotted Madoff’s scheme when no one else did and he’ll always have that. But the US Senate has no obligation to promote his book or his consulting business.

  31. Nungman's Gravatar Nungman
    July 21, 2010 - 2:22 pm | Permalink

    Sen. Schumer happened to mention that his father worked as an exterminator–a working man but with middle class values and aspiration and no more a refugee than any immigrant **Paluka**.

  32. Anonymous's Gravatar Anonymous
    July 21, 2010 - 2:37 pm | Permalink

    “Seen in the light of that story, the neocons’ belief in the Straussian concept of the “noble lie” becomes completely logical. Why should one feel obligated to tell the truth to others when you belong to a tradition which was first established through theft and a lie?”

    You’re missing one point here and that is: Strauss claimed that the gentile elite of the great Western peoples, such as the Greeks and the Romans, believed this as well.

    In other words, that prevarication, etc. is simply required by an elite, whether they are Jewish or Gentile.

    They were purportedly saying one thing on the surface — but there is a “hidden meaning” behind what they were saying.

    Now there is some question whether there really was any “hidden meaning.” People have accused Strauss and people like Straussian professor Allan Bloom of simply making this up to justify an Elite lying to masses

  33. Valley Dweller's Gravatar Valley Dweller
    July 21, 2010 - 2:41 pm | Permalink

    “The reason they do so is THEY CONTROL THE GOVERNMENT, they USE the government as a TOOL for their goals, most prominently the END OF THE WHITE RACE, then the preservation of their RACE. Basically that is it, We PAY for it, they USE it.”

    Shiva — I’m not following you. American Jews, generally, ARE the highest income tax bracket. Why would they push to “tax the rich” when Jews ARE the rich. For such a crafty, money-prudent people, why would they push to tax themselves?

    Unless there is a loophole of some kind. For example, MacDonald has already shown that the “merit in college admissions’ that Jews have pushed for historically has been another hoax. The loophole is that too many Jews are being admitted to Ivy League schools than can be explained by IQ.

    “Seen in the light of that story, the neocons’ belief in the Straussian concept of the “noble lie” becomes completely logical. Why should one feel obligated to tell the truth to others when you belong to a tradition which was first established through theft and a lie?”

    You’re missing one point here and that is: Strauss claimed that the gentile elite of the great Western peoples, such as the Greeks and the Romans, believed this as well.

    In other words, that prevarication, etc. is simply required by an elite, whether they are Jewish or Gentile.

    They were purportedly saying one thing on the surface — but there is a “hidden meaning” behind what they were saying.

    Now there is some question whether there really was any “hidden meaning.” People have accused Strauss and people like Straussian professor Allan Bloom of simply making this up to justify an Elite lying to masses

  34. HA's Gravatar HA
    July 21, 2010 - 4:11 pm | Permalink

    Schumer the exterminator…too bad he didn’t clean up the infestation closest to him.

  35. Andrew's Gravatar Andrew
    July 21, 2010 - 4:25 pm | Permalink

    Our ever-reliable Nungman has found another red herring to quibble about, “who was rude in the Senate hearings”. The central point is of course the Madoff affair as an example of the widespread phenomenon of Jewish financial fraud and how the tightly networked Jewish community uses its considerable sway to protect their own regardless of their suspected misdeeds.

    “If anyone could be called rude it was Markopolis. He at one point referred to the SEC staff as “monkeys”–with two high officials of the SEC sitting right next to him at the witness table!”

    Oh, the horror! Calling two incompetent government bureacrats that failed miserably in their jobs “monkeys”? Good heavens, its unbearable!

    “Sen. Chuck Schumer (D-NY). Sen Schumer has returned the $6,000 denies contacting the SEC and can in general defend himself.”

    A New York politician “denies wrongdoing”, and thats supposed to be convincing? I get it, you were joking, you funny rascal.

    There are many similarities between Madoff and his Semitic co-ethnic Michael Milken, author of the Junk Bonds scam (the world record-holder for financial fraud prior to Madoff’s unmasking), which played a big part in the Savings and Loan crisis (costing taxpayers over 100B), which in turn was a significant cause of the 1990 recession.

    Jewish financial malfeasance and economic exploitation is as old as the Jews themselves. The past century has been a Golden Age for the chosen malefactors, from the devastating Panama Canal scandal of the 1880s to the “Den of Thieves” finagling of the 1980s to Blankfein and Goldman Sachs of 2010. Its useful to keep in mind that this isnt a matter of just a few large headline scandals, but many thousands of smaller operations as well, and hardly a week goes by without some multi-million dollar Semitic fraudster being uncovered. These individuals and their habits are just an everyday fact of life in all Western nations where they reside (and so is the iron rule that this cannot be publicly discussed as an ethnic phenomenon, upon pain of the PC Inquisition).

    At any rate, I would like to congratulate TOO on a series of excellent articles; from the today’s informed look at the Madoff affair to Edward’s & Connelly’s insightful essays to Lynch’s hilarious review of “Predators” (I have crossed that one off my list of movies to watch). TOO is rapidly becoming an internet top spot for high-quality, timely and essential reading, well worth the donation. Keep up the excellent work!

  36. Phil's Gravatar Phil
    July 21, 2010 - 4:44 pm | Permalink

    Some con men are more equal than others. The Israeli newspaper Ha’aretz reports a Palestinian man has been convicted of rape after having consensual sex with an Israeli woman who had believed him to be a fellow Jew. Sabbar Kashur was sentenced to eighteen months in prison after the court ruled that he was guilty of rape by deception because he had posed as a Jewish bachelor. When the woman later found out he was Palestinian, she filed a criminal complaint for rape and indecent assault, alleging that she would not have consented if she had not believed he was Jewish.

  37. Nungman's Gravatar Nungman
    July 21, 2010 - 6:31 pm | Permalink

    Yes, Phil, I saw that news item and I think it’s wrong. If they put every man in jail who lied to get a woman in bed, there’d be no room for the jaywalkers!

    Andrew, it wasn’t me who brought up the supposed “incredible rudeness” by Sen Schumer toward witness Harry Markopolis. It’s in the OP above and it’s one defamation which is subject to proof. The Learned Professor seems to have forgotten that anyone can watch the webcast (I provided a link above).

  38. GT's Gravatar GT
    July 21, 2010 - 6:38 pm | Permalink

    The propositions here are very simple and have been known for at least a year:

    1. Bernie was a Jew.
    2. Bernie had lots of willing Jewish collaborators and co-conspirators.
    3. Bernie damaged white non-Jews the most.
    4. Jews who withdrew more than they invested will not be subjected to claw-backs.

    As someone employed in the “financial sector,” John Graham missed a few major, brazen features that would have strengthened his case; i.e., jew Congressman Ackermann from Queens has recently introduced legislation to retroactively shield “winning” Madoff investors (people who withdrew more than they put in) from “clawbacks”. The existing law provides for clawbacks in the case of clear frauds.

  39. Felix's Gravatar Felix
    July 21, 2010 - 6:44 pm | Permalink

    You’re missing one point here and that is: Strauss claimed that the gentile elite of the great Western peoples, such as the Greeks and the Romans, believed this as well. – Anonymous

    This may have been, indeed, been the case, practically speaking, but I know of no major western philosopher who enshrined it as a guiding or central tenet.

    In addition, Strauss claimed there were an elite able to recognize the real hermeneutic message behind history, something alien to the Western philosophic tradition that believed truth was discoverable by all and available to all if only they would take the time to search for it.

    An “elite” alone capable of recognizing history’s messages, a “chosen” people, a master race, a vanguard elite: No matter what you call it, whenever one group claims it’s “chosen” over the others, be it by history or by “God,” it always leads to the gulag, slavery, repression and genocide.

  40. Tom's Gravatar Tom
    July 21, 2010 - 6:47 pm | Permalink

    @nun-gman

    C’mon, Schumer’s gestures, body language, and general demeanor toward Markopolis were rude. The looking over the glasses by Schumer, the dismissive hand gestures, the figures of speech, those were not how a White man would depot himself in a serious setting like a US Senate hearing dealing with the theft of $65 BILLION DOLLARS!

    You Jews just don’t get it.

  41. Nungman's Gravatar Nungman
    July 21, 2010 - 6:48 pm | Permalink

    And Andrew, don’t blame Michael Milken for the Savings & Loan crisis. Whatever laws he broke getting super-rich…

    Junk-bond investments by S&Ls were often cited in the press and by politicians as a major contributor to the industry’s problems. In fact, junk bonds played a trivial role. (junk bonds are securities issued by companies whose credit rating is below “investment grade.”) A GAO report issued just five months before the passage of FIRREA cited a study by a reputable research group that showed junk bonds to be the second most profitable asset (after credit cards) that S&Ls held in the 1980s. The report also pointed out that only 5 percent of S&Ls owned any junk bonds at all. Total junk-bond holdings of all S&Ls amounted to only 1.2 percent of their total financial assets. Even so, Congress mandated in FIRREA that all S&Ls sell their junk-bond investments—which they did, often at a significant loss.

    The whole story of the S&L crisis is clearly laid out at

    http://www.econlib.org/library/Enc/SavingsandLoanCrisis.html

  42. Felix's Gravatar Felix
    July 21, 2010 - 6:50 pm | Permalink

    “There are many similarities between Madoff and his Semitic co-ethnic Michael Milken, author of the Junk Bonds scam (the world record-holder for financial fraud prior to Madoff’s unmasking), which played a big part in the Savings and Loan crisis (costing taxpayers over 100B), which in turn was a significant cause of the 1990 recession.” – Andrew

    Let’s also not forget that Jack Abramoff doesn’t celebrate Easter.

    Part of intelligence is being able to recognize patterns, and people can falsely hurl the accusation “Anti-semite!” all they wish, but despite protestations by the ADL, AIPAC et al. to the contrary, everyone who looks at the facts sees that two plus two still equals four.

  43. Felix's Gravatar Felix
    July 21, 2010 - 6:53 pm | Permalink

    “Sabbar Kashur was sentenced to eighteen months in prison after the court ruled that he was guilty of rape by deception because he had posed as a Jewish bachelor. When the woman later found out he was Palestinian, she filed a criminal complaint for rape and indecent assault, alleging that she would not have consented if she had not believed he was Jewish.” -Phil

    Seems the Israelis, the Nazis on the Levant, have their own version of the Nuremberg Laws.

    Adolf Schickelgruber would be proud.

  44. Nungman's Gravatar Nungman
    July 21, 2010 - 7:08 pm | Permalink

    Indeed, the Ackerman bill (which has several co-sponsors Like Rep. Peter King who are not Jewish) now in committee is controversial.

    The solution that sounds best is: “If a net winner is to be sheltered from clawbacks, shouldn’t they have to demonstrate financial need?”

    Tom, if you look for rudeness you’re likely to find it. It’s hardly worth quibbling over. But did Sen. Schumer give these looks and “dismissive hand gestures” only to witness Markopolis? Clearly his tone was sharper toward the two SEC officials, even interrupting them when they started to digress or become evasive in their responses.

  45. Zeitgeist's Gravatar Zeitgeist
    July 21, 2010 - 10:01 pm | Permalink

    Jews have long been the plutocratic looters of nations. The Jewish character and methods have not changed in a very long time – the USA is being looted by a gang of international Jewish plutocrats.

  46. giovanni's Gravatar giovanni
    July 21, 2010 - 11:11 pm | Permalink

    The Madoff story can be added to other five or six similar smaller scandals in the last 2 years, I believe there is only the Stanford guy and an Iranian fund raiser of Hillary sentenced last week that are not “chosen”. Again someone should compile statistics to be more objective but for instance Stanford is in jail since more than a year before trail and in a prison with common criminals, which is not standard in America. Madoff did almost no time before the trial which lasted a few hours (!), is now safe in a minimum security, nobody know how much was really lost or stolen and nobody else seems to be in jail beside him in a 30 or 40 billion fraud

    Read instead what happened and is still happening to Martin Armstrong, http://www.martinarmstrong.org/economic_projections.htm, one of the most respected money manager and advisor of the ’80s and ’90s widely considered a genious, friend of Prime Ministers and sought after by the CIA for his model of financial cycles. He has been kept 8 years in a common jail before trial, BEFORE trial (!) for “contempt of the court” and had his skull smashed in the Manhattan jail by a criminal. He is still in jail now after a trial that even NY Times Gretchen Morgenstern found dubious before the Japanese investors supposedly defrauded actually were reimbursed by Republic Bank of the famous Edmond Safra. The “contempt of the court” because the appointed receiver, a lawyer named Cohen said he was hiding some asset but it seems all fake and after having destroyed Armstrong the Cohen guy is now head of Global Compliance at Goldman Sachs. They gave him another 7 years on top of the 8 years spent in a common jail BEFORE trial, even if nobody was hurt in Japan and we are talking about maybe the most brilliant mind in finance of the last 20 years
    Martin Armstrong writes from jail about the hidden mechanism of the financial system and has friend around the world who follow him, but he is probably not writing freely since he is in jail. I followed his incredible saga and noticed that everybody instrumental in his destruction seemed to be a “chosen person”…I do not know…but why such a persecution for technical arcane issues of no substance against a worldwide known kind of genious ? At the least he had big hidden enemies and got no solidarity…he was a friend of Thatcher and so forth but was destroyed and there is no real fraud…his writing hints to a conspiracy..but he writes from a jail.. I have a feeling …

    Also the best investigative financial site is http://www.deepcapture.com/ who is run by Overstock CEO Patrick Byrne and in his writing he hinted to a conspiracy talking of a”… Sith Lord”" and using other indirect metafores for which he was savaged on CNBC. The site exposes borderline legal kind fraudulent techniques used by a list of speculators Cramer, Steinhardt, Einhorn working through a network of media and bankers in NY… who happen to be all chosen..

    In both cases nobody is talking about an ethnique angle and naming names, but he it is so transparent

    I mean there are many situations where it seems a fight is fought and for some reasons there is a clear split with the goy on one side…but nobody talks about, only hints…

  47. Felix's Gravatar Felix
    July 22, 2010 - 6:15 am | Permalink

    “Schickelgruber is not a Pureblood surname. Read Brigitte Hamann’s “Hitler’s Vienna” before you put forth such tripe on TOO. If you wanna espouse Jim Condit’s inane views then go elsewhere.” – Severus

    BFD.

    The fact that the Israelis have their own version of the Nuremberg Laws remains.

    QED.

  48. GT's Gravatar GT
    July 22, 2010 - 5:28 pm | Permalink

    “Indeed, the Ackerman bill (which has several co-sponsors Like Rep. Peter King who are not Jewish) now in committee is controversial.” – N

    The legislation was introduced by U.S. Representatives Gary Ackerman (D-NY), Peter King (R-NY), Ron Klein (D-FL), Dan Maffei (D-NY), Ed Perlmutter (D-CO) and Jackie Speier (D-CA). All are members of the House Financial Services Committee.

    I’ll leave it to readers to discern the motives of Shabbat goyim and decide which of the bill’s co-sponsors have a jew in the family woodpile.

    Once again I maintain that for someone employed in the “financial sector,” John Graham missed a few major, brazen features that would have strengthened his case; i.e., jew Congressman Ackermann from Queens has recently introduced legislation to retroactively shield “winning” Madoff investors (people who withdrew more than they put in) from “clawbacks”. Existing law provides for clawbacks in the case of clear frauds.

  49. Randy's Gravatar Randy
    July 22, 2010 - 7:17 pm | Permalink

    “Shouting “Jew! Jew!” might work as an intellectual argument in the old Third Reich, but in the USA…”

    This is Sparta!

  50. Anonymous's Gravatar Anonymous
    July 22, 2010 - 9:02 pm | Permalink

    Is the “Russian” mob any more “Russian” than the Russian Revolution was…?
    ————————–
    Russian Mafia in bed with Wall Street, CEO says

    Every day, thousands of Americans look to invest their money in stocks, and many of them go through brokers and traders to simplify the process.

    Unfortunately, according to Overstock.com CEO Patrick Byrne, a majority of those purchasers will be victims of Wall Street’s criminal tactics and will help line the pockets of corrupt brokers and lawyers. Byrne, a Utahn who founded Overstock.com, talked to a crowd in the Union on Monday about how New York financial media and law firms have teamed up with big-wig business elites to create massive amounts of profit at the cost of American consumers.

    Byrne said when someone purchases a stock, there is a three-day stock settlement period during which a broker or a trader must provide a purchaser with that stock. However, through loopholes in the system, brokers and traders can legally not provide you with that stock almost indefinitely, giving the purchaser an IOU instead, Byrne said.

    “It’s my thesis that certain people have figured out how they can abuse that loophole, and flood the market…often in connivance with a broker dealer,” he said.

    Through this “flooding,” the brokers can essentially issue the same stock to hundreds of people at no penalty. By increasing the supply of stocks, these dealers can dramatically drop the price according to the laws of supply and demand.

    Byrne showed how the “cheating parties” make money off of a stock price dropping through a process called “naked short selling.”

    In brief, Byrne showed that “naked short selling” occurs when certain hedge funds and broker-dealers flood the market for a particular firm’s stock with IOU’s for that stock, cracking the market in it. If they ever have to make good on their IOU’s it is at fraction of the original price, and they get to pocket the difference.

    These methods are used to create huge profits, often killing the victimized corporation in the process, and leaving the purchaser high and dry, Byrne said.

    In his efforts to stop this charade, Byrne filed a $3.5 billion lawsuit against Goldman Sachs, Morgan Stanley and nine other well-known brokers. Byrne said numerous publications, including the New York Post and Forbes magazine, have protested his “crusade,” painting him as a crazed lunatic who is angry about Overstock.com’s own stock price drop. Byrne said the Mafia has become a silent player in the Wall Street game.

    “You don’t have to dig very far into this before you get to organized crime,” he said.

    As an example of its involvement, Byrne told a story from a trip to the East Coast.

    “About 15 months ago I was invited by a stranger into a greasy bar in Long Island,” he said.

    Claiming that he was Russian, the informant told him, “We have a message from Russia. We are about to kill you. We are about to kill if you if don’t back down.”

    Additionally, Byrne remarked on how writer Mark Mitchell was threatened in New York and told to stay away from “the Irish guy,” which Byrne believes was himself.

    “I’ve been looking at this for two years, and I’m pretty much convinced this is the single biggest scandal in the history of American journalism,” said Mitchell, a former financial writer for Time magazine.

    Byrne posted the presentation to his website, http://www.deepcapture.com, along with a blog to document his “crusade” against Wall Street.

    http://www.dailyutahchronicle.com/news/russian-mafia-in-bed-with-wall-street-ceo-says-1.342694

  51. July 22, 2010 - 11:01 pm | Permalink

    Is the “Russian” mob any more “Russian” than the Russian Revolution was…?

    William Pierce on Paying the Organizatsiya — Free Speech, June 1998, and The Jewish Mob in America — Free Speech, August 2000.

  52. J. Clark's Gravatar J. Clark
    July 23, 2010 - 8:17 pm | Permalink

    A new video series featuring Kevin MacDonald, “The End of White People,” started today on my YouTube channel:

    http://www.youtube.com/watch?v=aQDTaSC8OpA

    Part 1 is “Group Evolution.”

  53. Z.O.G.'s Gravatar Z.O.G.
    July 23, 2010 - 8:39 pm | Permalink

    Nungman, is it true that you’re a third generation Holocawst suhvivah? Oy, ze pain und sufferink you must have gone through!

  54. Helvena's Gravatar Helvena
    July 24, 2010 - 6:22 am | Permalink

    I watch Prof. McDonald’s video. I really can’t build a case where the Jews as a group are more intelligent then other groups. If it is as Prof. McDonald says that the Jews that studied Jewish religious writing were the most favored to reproduce, then it seems to me these would be the people less given to logical thought, it would be those who could convince themselves to believe in fantasy. You could argue that to accept this stuff you would have to possess an ability to perform a degree of mental gymnastics but is that intelligence or just an ability to self deceive? Jews can solve the problem of taking something patently untrue and twisting it to appear true. If this is intelligence, then we are valuing intelligence far more than we ought to. Are the Jews truly good problem solvers?

    Are Jews good engineers? Are the Germans?

    Let me quote Ezra Pound speaking to Angos: The Jew is behind you, but you cannot blame it all on the Jew, though you are the Jew’s most damned accomplice. Above all you can not blame [it] at all on the small Jew; for he is in most cases as damned a fool and as witless a victim as you are, [he is] the shock troop, the below the starvation line; starvation line, below which there is NO morality. Only the instinct for survival at the cost of whatever baseness, more often heedlessness than planned iniquity; milked by his damned kahal just as you are. Truly, you had great possessions.

    It seems to me the Jews as a group are less intelligent.

  55. TicTac's Gravatar TicTac
    July 24, 2010 - 11:40 am | Permalink

    “The Jewish community “regarded Bernie like a messiah. He was spoken of as if godlike.”

    If you steal and cause suffering to non-Jews then the Jewish community would definately see you as great and good. Madoff stealing from other Jews is an interesting twist. With the transfer of wealth and power from the Anglos to the Jews then we’ll probably see more Jews stealing from Jews.

    Hope so !

    As far as I’m concerned, anyone who steals from Jews is definately a good fellow.

  56. TicTac's Gravatar TicTac
    July 24, 2010 - 11:53 am | Permalink

    Kevin,

    I was talking to my local member of parliament and I asked him if he had heard of you. He said he had but didn’t want to say anything about your views. That’s a great sign. People are aware of what’s going on but are too scared to speak out.

    The Jewish gangsters can stop us from speaking but they can’t stop us from thinking.

  57. kugtfkgu's Gravatar kugtfkgu
    July 25, 2010 - 12:44 pm | Permalink

    Congressman Gary Ackerman’s good friends, the Zises Brothers, will sue near 200,000 Americans this year for credit card default using the trade name “Unifund” registered with the Ohio Secretary of State (The trademark documents are available on-line and free.) Since the trademark “Unifund” is owned by a partnership, Credit Card Receivables Fund and ZB Limited Partnership, proceed checks to “Unifund” can be deposited in an account at the Israeli Discount Bank (IDB) for ZB Limited Partnership and or Credit Card Receivables Fund without being declared as income for Unifund CCR Partners (…hey State of Ohio, I think you will want your cut). My guess is that it is about a 90% skim.
    The Zises Brothers doing this skim are the same Zises Brothers of Integrated Resources; a tax shelter scam that went bust some time ago. They are experts is avoiding income tax. And this scam is no different. In most states, Unifund is not registered with the Secretary of State as a tax paying business enterprise. That is because State code specifically excludes the filing of a collection lawsuit from the definition of “doing business”. The legal theory goes along the lines that collection lawsuits are “loss mitigation” and not inherently a profit making enterprise. The IRS has similar rules that the Zises Brothers entities abuse to avoid declaring income.
    The Zises Brothers have applied this tax avoiding principle to a business they have where the principle activity is to sue for profit…HUGE profits. Unifund has a contract with Asta Funding dba Palisades Collections to sue people on behalf of Asta Funding for a percentage of the judgment. This contract is for the purchase of bad credit card debit from Citibank and is funded, in part, by the Israeli Discount Bank for nearly $900M. Copies of publicly traded Asta Funding contracts can be purchased on-line. Much of it is available in quarterly statements. One of them specifically rewards Unifund with a 50% premium for collecting “outside the Statute of Limitations”. Hey FBI, sounds like a violation of the RICO Act to me.
    Now, where does the money go after it gets to ZB Limited Partnership. Well, ZB Limited Partnership at 767 3rd ave NY, NY is registered with the Ohio Secretary of State as a Foreign Corporation (doc available on-line and free) out of Delaware. You can search the Delaware Secretary of State database for legal entities, and you will find scores of filings by the Zises Brothers, including ZB Limited Partnership and Credit Card Receivables Fund, Inc. You will have to pay a fee for a copy of the document. Anyway, ZB Limited Partnership is owned by ZB/CCR Corp. (another account at the IDB). By the way, 31% of the Israeli Discount Bank is owned by the Israeli Government, and has been fined $12M for failing to implement anti-money laundering regulations.
    The ZB/CCR Corp filing with the Delaware secretary of State has an interesting mailing address “C/O Forest Hill Capital, 800 Second Ave., New York, NY 10017″. Forest Hill Capital is the old name for Family Management Corp (FMC), another IDB account; the same Zises Brothers company that manages the Congressman’s money. So, now we know where the Unifund skim goes. But, this is where the trail gets very interesting.
    Numerous business databases, including Manta, have a company known as Associated Capital, L.P. or A Capital or ACAP at 767 3rd Avenue 16th Floor, NY, NY. That is the same address as ZB Limited Partnership in the Ohio trademark filing (first one). Associated Capital was the single biggest contributor to funds supporting activity against the recently enacted finical and banking reforms. Gary, what sweetheart amendments did you get st save Associated Capital for the Zises Brothers?
    It is a sure bet that the single biggest FMC investment is with Associated Capital. Does Associated Capital actually make any money? Or is it principal function to loose money, lots of money, for its clients (such as ZB/CCR Corp.)? If they loose so much, where does it all go? Let me shed a little light on the answer to this question:
    “This Schedule 13G is being filed jointly by Associated Capital, L.P., a Delaware limited
    partnership (”Associated”), its general partner, A Cap, Inc., a New York Corporation (”A Cap”), Jay H. Zises, the President and a director of A Cap, Selig A. Zises, Vice President, Treasurer and a director of A Cap, Nancy J. Frankel-Zises, a director, Vice President and Secretary and the sole stockholder of A Cap, and Associated Capital Offshore, L.P., a Cayman Islands limited partnership (”Associated Offshore”). Associated, A Cap, Jay H. Zises, Selig A. Zises, Nancy J. Frankel-Zises and Associated Offshore are hereinafter sometime referred to collectively as the
    “Reporting Persons”. The business address of Associated Offshore is c/o Goldman Sachs(Cayman) Trust, Limited, P.O. Box 896, George Town, Grand Cayman, Cayman Islands, British West Indies. The business address of each other Reporting Person is 477 Madison Avenue, 14th Floor, New York, New York, 10022. Jay H. Zises, Selig A. Zises and Nancy J. Frankel-Zises are each United States citizens.”
    I find it very interesting that the Israeli Discount Bank on 5th avenue in New Youk has semi-autonomous branches in Zurich Switzerland, Uruguay, Brazil, Chile and the Cayman Islands. Congressman Gary Ackerman, did you “loose” any money with FMC?

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