A giant Fonzie scheme?

By -


So it seems that Bernard Madoff invested all his clients' money in his own wealth and depended on his being as cool as "the Fonz" to get him through it. But unfortunately, he was caught by Mr. Cunningham. Joanie was so disappointed in Bernie, that he decided to turn himself in...

Well, someone I know really did think it was called a "Fonzie Scheme".

In actuality, Madoff's crime is his pulling off a giant "Ponzi scheme", named after Charles Ponzi, who pulled the wool over his investors' eyes in the early 20th century. For more, see the Wikipedia entry here.

Comments

Post a Comment

Popular posts from this blog

What kind of skeptic are you?

By -
A comment on my last post got me thinking: There are 2 types of skeptics hanging out in this zone of the blogosphere. Skeptic type #1: I only believe what is proven by empirical evidence. There is no logical reason to believe in god or any divine source to Judaism, especially since one can trace the entirely social development of superstitious belief in gods or god in various cultures. Plus, in light of modern science, archeology, and historical research, the divine revelation and many other events related in the Torah could not have happened. The definition of a rational human being is one who bases belief on observation. I am such a rational being. It would make no sense for me to believe in something intangible like god. That is outside the realm of empiricism and therefore does not exist. The entire basis of Judaism is riddled with inaccuracies and ancient misconceptions. The Torah is clearly not divine. Therefore, the entire basis of the religion is a myth. Skeptic ty
Read more

Women's ritual roles

By -
On DovBear's blog , LadyKaye wrote a post on whether women can lain from the Torah in public and discussed the reason given in the Talmud against it, that of "Kavod HaTzibur" (respect to the congregation). She discusses the 2 explanations generally given for Kavod HaTzibur. One is that women were simply held in lower regard. The other was a convoluted apologetic that involved women's educational opportunities (see her post for a full explanation.) I thin there's no question that it's the lower regard for women that accounted for Kavod HaTzibur. Women were deemed inferior. That's OK, since most of the world deemed women inferior at the time the halachot were written & codified. (Mishna & Talmud.) Actually, Judaism was more respectful of women's rights and status than the surrounding society. They were deemed inferior, but not property. Since the episode of B'not Zelafchad in the Torah, Judaism has had a tradition of working within the hal
Read more

Boycott the Chidon HaTanach?

By -
Bat-El Levi, 15, from Be'er Sheva is one of the 4 Israeli finalists in the Chidon HaTanach, the international Bible competition for Jewish teens sponsored by Israel. She is also a Messianic Jew who believes in Jesus. From The Jerusalem Post: The controversy surrounding the participation of 16-year-old Bat-El Levi, from Beersheba, began last week as a result of a campaign led by the haredi anti-missionary organization Yad Le'Achim. Yad Le'Achim discovered that Levi belonged to a messianic Jewish congregation. The organization immediately contacted rabbis and other spiritual leaders. Rabbi Shlomo Aviner, a leading religious Zionist halachic authority, called to boycott the quiz if the messianic Jew did not forfeit her participation. His call was joined by other rabbis aligned with religious Zionism, including Safed Chief Rabbi Shmuel Eliahu. Sources close to the Levi family, who did not deny their ties with a messianic Jewish congregation, said there had been attempt
Read more