Thursday, August 13, 2009

Things We Do for Love (of Money)

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First we had the spicy secretary interview, now here comes the bitter mistress' book. It's so cliche', it would be almost boring if it were not for those little details that make you put this unique story into proper perspective.

Here is how Ms. Weinstein met Bernie in what she now considers "the unluckiest day of her life": "A secretive French donor gave $7 million to Hadassah" (the Women’s Zionist Organization of America, of which she was the CFO at the time), "on condition that it would remain with Bernard Madoff, where it was then invested" (you can't possibly make these things up).

The rest you can guess: "After a few months, Hadassah began to invest its own money with Madoff and it did very well" (how could it not?). "Over the next decade, Hadassah put in another $33 million, raising its total investment to $40 million by 1997, when it stopped adding principal" (I wonder why).

I guess, this is what love and money have in common. They both make you want to believe...
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