From the category archives:

Financial meltdown

What Madoff reveals about the new Jewish status

by Philip Weiss on June 30, 2009 · 20 comments

A couple months back at the 92d Street Y, someone on a panel said that Bernie Madoff could have happened to any community. I mocked the comment at the time because it was willful indifference (on the part of a person whose duty it is to make social observations) to this special Jewish moment in the American Establishment. Yes there are crooks in every ethnic/religious group; but the Madoff scandal was special in magnitude and character. It exposed the new Jewish place in America in a fresh way. We are equal partners in the Establishment. We have extremely wealthy kinship networks, and country clubs. And we tend to believe that other Jews will treat us more fairly than non-Jews. The credulity issue.

"Six Degrees of Separation" was John Guare's read on liberal credulity toward "good" black people, who would con them. And Madoff is about Jewish credulity in smart ethnocentric Jews, who would con them. 

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Madoff scandal laps up against the stone walls of the Times (or is that a sandcastle?)

by Philip Weiss7 April 2009

If I made a mistake (and I make a lot of ‘em), along the lines of the Times running a piece on the Madoff case by Daphne Merkin, blaming the victims for their credulity but not telling readers that she’s…

3 comments

Financial meltdown is doing a number on Jewish hubris

by Philip Weiss6 April 2009

Good headline, huh? And I believe it. Give me a minute, I’ll start up about the Israel lobby too! But let’s be clear, this link, to Alex Stein, who I believe is a Zionist who emigrated to Israel from England,…

8 comments

Why did Summers get giant hedge payday–and what does it say about the lobby?

by Philip Weiss5 April 2009

Real smart post by David Goldman/Spengler on what Larry Summers got that $5 million from a hedge fund for. Goldman’s speculation: What were they? For bringing in assets under management? The industry standard would be a point or so for…

50 comments

Larry Summers’s conflict… and Chas Freeman’s

by Philip Weiss4 April 2009

A friend sent along these thoughts on how to frame the millions that Larry Summers, Obama’s economic adviser, got from a hedge fund in the last year. He and others in the Obama economic council have profound conflicts of interest…

10 comments

The Jewish question has become the Jewish quandary

by Philip Weiss31 March 2009

Columbia had its semi-annual University Lecture last night: history professor Ira Katznelson’s thoughts on tolerance and liberalism, using the example of the history of Jews in England, from their expulsion in the 1200s to their readmission in the 1650s to…

18 comments

Maureen Dowd purveys an ‘antique notion’ of the WASP establishment

by Philip Weiss30 March 2009

From my correspondent, Geof Gray: Maureen Dowd writes in the Times yesterday: “And it is true, of course, that the upper crust, underwhelming Anglo-Saxon leaders who allowed America’s financial markets to morph into louche casinos, George W Bush and Dick…

15 comments

First it was Jayson Blair. Now ‘Times’ fails to identify ‘mishpocha’ as Yiddish

by Philip Weiss28 March 2009

Last Sunday the Times ran an Op-Ed about the Madoff scandal by the formidable Daphne Merkin, blaming the victims for their credulity–a piece the Times has now expressed misgivings about (the piece did not make clear that Merkin is the…

12 comments

Blumenthal suggests waterboarding to get AIG bonuses back

by Philip Weiss24 March 2009

another brilliant video by Max Blumenthal, on Wall Street, tapping the rage against Goldman. Blumenthal suggests waterboarding and rendition of the AIG guys to get the bonuses back, and at 5:44 does the famous Goldman alums as a hall of…

2 comments

Two of five American Jews were touched by Madoff scandal

by Philip Weiss23 March 2009

J Street has a new poll out on American Jewish attitudes that has some fascinating wrinkles re Middle East policy. Including the fact that 60 percent of American Jews oppose the settlements in the West Bank. And that 32 percent…

10 comments

Traditional sexual mores have deprived us of Eliot Spitzer’s smarts, now when we need them

by Philip Weiss19 March 2009

Michael Wolff seems to be echoing Rush Limbaugh on this post about Obama being a weak Yuppie and Yuppie Tim Geithner being the shortest-tenured Treasury Sec’y since someone long ago. He seems gleeful that Obama might fail. I share Wolff’s…

5 comments

Quantity vs. quality–some self-help re the financial collapse

by Philip Weiss4 March 2009

A lot of my friends are now unemployed, or underemployed. I wanted to pass along some of the wisdom that they’re expressing: –We’re going to learn really valuable lessons. We’re going to learn about “quality” again. Quantity had replaced quality…

11 comments

Let us now commemorate the Tragedy of George the Second

by Philip Weiss20 January 2009

Whatever Barack Obama is or isn’t, a mystery we will get to unfold for many years, we know who George Bush is: a tragic figure. Look at him now. He’s crumpled, thin, gray, and angry. I remember him eight years…

19 comments