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And what exactly does being Jewish have to do with it? I'm not one to cry "Anti-semitic!" at the drop of a hat, but this guy has me wondering..
by hvs 17y ago
And what exactly does being Jewish have to do with it? I'm not one to cry "Anti-semitic!" at the drop of a hat, but this guy has me wondering..
- sethg 17y agoMadoff's marks trusted him because he belonged to their ethnic group. That ethnic group happened to be "Jews" but it would have worked just as well with "Italians", "African-Americans", "Swedes"....
- hvs 17y agoFair enough, I just thought it was odd. Thanks for the background.
- yummyfajitas 17y agoAs an Italian American who knows plenty of African Americans, I don't think it would have worked just as well with either group. I suspect it might have worked similarly well with Indians, however. Not all groups have the same level of in-group trust and out-of-group suspicion.
- ErrantX 17y agoIt has some relation - Jewish communities tend to be quite tight. I work with a Jew runing a consultancy and a large amount of the workload comes from his community connections; there is a level of trust - especially regarding money (I know that is a stereotype but it is true) - established by the common religion.