Solomon urges behavioral changes in Jewish community

[bemildred]

The Jewish world can have a strong recovery from the damage wrought by the worldwide recession and the Madoff fraud, but only if it figures out how to tell a story worth hearing, according to Jeffrey Solomon, president of the Andrea and Charles Bronfman Philanthropies and a former senior vice president of the New York Jewish federation.

"We cannot help the fact that between a quarter and a third of the assets were lost from the Jewish foundation world and the general foundation world," Solomon said in a conversation with The Jerusalem Post following a talk on philanthropy which he delivered Tuesday in Jerusalem.

The havoc wrought on Jewish communal life will likely be felt for years, Solomon believes. In the Tuesday talk, an event of the Council on Israel-Diaspora Affairs of the Jerusalem Center for Public Affairs, he noted that the Madoff fraud alone "killed 51 foundations and seriously injured 143 others. In the context of the worst recession since the Great Depression, we don't know how quickly we will recover from those losses."

Yet the recession itself was a relatively small part of the problem, Solomon continued.

http://www.jpost.com/servlet/Satellite?cid=1246443769222&pagename=JPost%2FJPArticle%2FShowFull

[shaayecanaan]

1. A quarter? Incredible...he must have had a hell of a golf game (nt)

[bemildred]

2. Well, that's just Madoff.

I know people with "conservative" investments strategies that have lost around 40% or more of their assets due to the Bush collapse, the second one, actually, in 2008, not the one in 2001. But I think this is just about the damage Madoff did, or perhaps what is meant is what his absence will do. There is no knowing when the suckers will come back when this sort of thing happens.

[azurnoir]

3. Interesting article in a number of ways n/t

[Vegasaurus]

4. Good---let's take those rich uppity Jews down a notch

Then maybe they can't control the media, the government, politics, the money supply.

[azurnoir]

5. Perhaps you need to reread the article n/t

[Bodhi BloodWave]

6. Not that posters strong point sadly enough

It woulda been a lot more interesting reading what was posted if that was done

[bemildred]

7. Writiing, like talking, is a lot more fun than reading or listening. nt