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Wiesel on Madoff

Elie Wiesel spoke on a broad range of subjects in his interview with Tom today. Here’s what he had to say about one topic that’s very much in the news right now: Bernard Madoff.

Professor Wiesel was one of Mr. Madoff’s high-profile victims. Both his personal assets and his charitable foundation were practically wiped out.  At a panel convened by Portfolio magazine last month, he had some strong words for Madoff, but he has avoided making further comments on the subject until now.

On our show today, Wiesel said this about Bernie Madoff and his crime:

ELIE WIESEL: He deserves the harshest punishment possible. But I want you to know, Tom, the only statement I ever made in the last three months was at that panel. As you can imagine, I was pursued by every television station, every network. I said no. I didn’t want to give a statement. I didn’t want to be part of this public conversation. I didn’t want my name to be linked to his. I want my name to be linked to literature, to philosophy, to education, to historical studies, but not to this man. And the only time, really… I made one statement, that was the only time. Why? Because this man is, I don’t understand. I really don’t understand evil. In my novels, I don’t have the perpetrators as protagonists, really. Only the victims. I am on the side of the victims, everywhere, and I try, therefore, to understand them. And I cannot see, why did he do that? Why did he need so much money? And furthermore, to go to poor people! I said in that statement, how many widows are penniless? How many orphans, now, are suffering? Why did he do that? And therefore he deserves a punishment. But questions remain. Did he have help, who helped him? And then what did he do with so much money? He must have hidden some of it somewhere. I hope the FBI will find it. So there we are.

TOM ASHBROOK: Let me ask you only this then. When you look at this case, the Madoff case, do you see it as part of a broader moral problem in our society today? A fixation with the wrong things? Is this just an eternal story, in human nature? Or is it something tied to our times?

WIESEL: In other words, can anyone become a Madoff? No. Again, I say, only a Madoff is a Madoff. There were smaller ones. Smaller Ponzis and smaller Madoffs.

ASHBROOK: Mr. Ponzi himself was a pretty big one!

WIESEL: Exactly, in his time, he was great. Now he’s been surpassed, to his shame, probably, to be surpassed by Madoff! No, I still believe in the choice. I believe that we all have that privilege and that capacity for choice, that we can choose. Though why he did it is beyond me. He could have just swindled 20 million, and stayed with it. Who would have discovered him? But to go to 50 billion!

ASHBROOK: And now, 65 billion, the latest numbers are saying. It’s an unimaginable number.

WIESEL: Unimaginable. Maybe that’s what he wanted, to have a place in history.

ASHBROOK: He’s got it.

WIESEL: To be the greatest swindler in history. He got that place.

You can listen here to the full interview, in which Wiesel talks about his new novel and much more.

Sam Gale Rosen is an associate producer at On Point.

 

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Listener comments
  • What a joke, what a softball interview. First of all,he condemns the president of Iran as someone who should not even be mentioned. He then tells us that he has secret discussions w/the leaders of Israel where they assure him that they are doing the right thing in gaza. He goes thru the usual spin that “thousands” of rockets are being fired into israel from gaza, claiming that what else can Israel do but respond by leveling the civilian populations of gaza.
    Well, they can begin by opening the borders and allowing food, medicine and materials into gaza. They can stop mudering Palistinians. They can stop stealing Palistinian land. they can stop the settlement poicies. They can begin serious, honest negotiations. While the president of Iran deserves condemnation, so does the aparthtid leadership of Israel.

    What a phony moralist.what an apoligist for the muderous Israeli regime. (No suprise from one of the worst enablers of john silber)

    Posted by sept1, on March 13th, 2009 at 11:28 AM
  • While I think Madoff should go stay in jail until he dies, I also think there should be a full investigation of the SEC and some of those folks should join him.

    While I am a supporter of Wiesel I do think he is coming off like a “professional victim” when he takes no responsibility for his loss here. No one forced him or any other Madoff investor to invest.

    I think this excellent article puts the entire thing in a more realistic perspective.

    ==============

    Madoff Had Accomplices: His Victims
    By JOE NOCERA
    © The New York Times

    http://www.nytimes.com/2009/03/14/business/14nocera.html

    “At a panel a month ago, put together by Portfolio magazine, Mr. Wiesel expressed, better than I’ve ever heard it, why people gave Mr. Madoff their money. “I remember that it was a myth that he created around him,” Mr. Wiesel said, “that everything was so special, so unique, that it had to be secret. It was like a mystical mythology that nobody could understand.” Mr. Wiesel added: “He gave the impression that maybe 100 people belonged to the club. Now we know thousands of them were cheated by him.”

    “And yet, just about anybody who actually took the time to kick the tires of Mr. Madoff’s operation tended to run in the other direction.”

    “When you look at the list of Madoff victims, it contains a lot of high-profile names — but almost no serious institutional investors or endowments. They insist on knowing the kind of information Mr. Madoff refused to supply.”

    Posted by Richard, on March 16th, 2009 at 8:02 AM
  • I agree with the sept1 post about how disingenuous Elie Wiesel is when it comes to Israel’s Palestinian policy as well as his outrage at being cheated by Bernie Madoff.
    Perhaps both Mr. Wiesel and Mr. Madoff deserve each other.

    Posted by Isernia, on March 21st, 2009 at 6:21 AM
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