Or, I mean, they should. Their university, after all, was dumb or corrupt enough to make Bernard Madoff, and his comrade in crime, Ezra Merkin, trustees of the school. The Markopolos book will help Yeshiva’s students understand how Madoff was able to turn their university into a laughingstock. It will help them understand how to avoid having that happen to their university in the future.
Unfortunately, far from dealing openly and honestly with its embroilment in Madoff, Yeshiva airbrushed him and Merkin from its history, hoping, I suppose, that no one would notice the positions of trust and authority these men held at that school for years.
It’s a shameful story, as Yeshiva alumni with integrity, like Andrew Sole, know.
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Here are many UD posts about Yeshiva University and Bernard Madoff.
July 26th, 2010 at 9:02PM
Harry Markopolos shows a colorful turn of phrase in this book, which marks it as refreshingly above the usual case study of crookery. One expression that remains with me is his description of the incompetent SEC staffers – “they couldn’t find a steer in a stampede!”
July 27th, 2010 at 2:13PM
adam: Wonderful. Instantly made me think of “All hat and no cattle.”
Saw Markopolos interviewed today – now that I’m living in hotels I watch tv – and he’s quite a character.