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Posted: 12/24/2008 4:37:41 AM EDT
   

My heart bleeds for them.  

   

http://www.examiner.com/x-536-Civil-Liberties-Examiner~y2008m12d23-ACLU-hit-by-Madoff-Ponzi-scheme

A begging letter just sent out by the American Civil Liberties Union reveals that the organization, which has taken on such an important role in recent years with its battles against the Bush administration's assaults on due process and revival of the use of torture, is a victim of the Bernard Madoff Ponzi scheme.

While the ACLU had no money of its own invested in Madoff's scams, foundations on which it relies for substantial funding were devastated by the scandal. The letter, signed by Director of Administration and Finance Alma Montclair, says:

You have, no doubt, heard about the Bernard Madoff Ponzi scheme in which investors have been horribly defrauded of up to $50 billion. What you may not know is that two foundations that have been incredibly generous and longstanding supporters of our national security and reproductive freedom work have been victimized by the Madoff scandal –– forced to close their doors and terminate their grants.

That means that $850,000 in support we were counting on from these foundations in 2009 simply won't exist. We're dealing with that reality and remain committed to continuing our critical work in these areas.


Civil liberties advocates who want to help offset the ACLU's financial difficulties can make donations here.
Link Posted: 12/24/2008 4:38:41 AM EDT
[#1]
Link Posted: 12/24/2008 4:38:43 AM EDT
[#2]
In before Simpsons "HA HA" photo.
Link Posted: 12/24/2008 4:39:16 AM EDT
[#3]
There is justice!!!!!!
Link Posted: 12/24/2008 4:41:16 AM EDT
[#4]
HA HA!!
Link Posted: 12/24/2008 4:43:12 AM EDT
[#5]
Awwww, that's just too bad, poor Commies
Link Posted: 12/24/2008 4:43:45 AM EDT
[#6]
Ha Ha! Merry Christmas liberal bitches.
Link Posted: 12/24/2008 4:54:51 AM EDT
[#7]
Couldn't happen to a nicer bunch of people!
Link Posted: 12/24/2008 5:07:25 AM EDT
[#8]
Another in before the Simpson Ha-Ha picture and by the way, Ha Ha!  Merry Xmas ACLU.
Link Posted: 12/24/2008 5:08:52 AM EDT
[#9]
chortle.....
Link Posted: 12/24/2008 5:09:34 AM EDT
[#10]
An organization utterly devoted to the destruction of this nation.
Link Posted: 12/24/2008 5:12:02 AM EDT
[#11]
Link Posted: 12/24/2008 5:14:47 AM EDT
[#12]
I hate communists.
Link Posted: 12/24/2008 5:16:34 AM EDT
[#13]
Quoted:
Awwww, that's just too bad, poor Commies


The capitalist generosity has somehow failed them.

There is a silver lining to every cloud.
Link Posted: 12/24/2008 5:16:54 AM EDT
[#14]
Love how they had to throw a jab in there at President Bush.
Link Posted: 12/24/2008 5:19:45 AM EDT
[#15]
that's a shame
Link Posted: 12/24/2008 5:20:20 AM EDT
[#16]
I think I might have wet myself a tiny bit laughing.


Jane
Link Posted: 12/24/2008 5:28:34 AM EDT
[#17]
Link Posted: 12/24/2008 5:29:49 AM EDT
[#18]
As my late mother-in-law would say, "Life is tough when you have to chew milk."
Link Posted: 12/24/2008 5:31:03 AM EDT
[#19]
So, in other words, before the Ponzi scheme went bust, the ACLU benefited from it.
Link Posted: 12/24/2008 5:35:33 AM EDT
[#20]
Link Posted: 12/24/2008 5:37:43 AM EDT
[#21]
Proof God still exists.



Link Posted: 12/24/2008 5:39:19 AM EDT
[#22]
Link Posted: 12/24/2008 5:40:03 AM EDT
[#23]
Quoted:
In before Simpsons "HA HA" photo.



+1
Link Posted: 12/24/2008 5:45:36 AM EDT
[#24]
national security work?  reproductive freedom work??  WTF
Link Posted: 12/24/2008 5:48:09 AM EDT
[#25]
The ACLU can kiss my ass-Ha Ha.
Link Posted: 12/24/2008 5:51:22 AM EDT
[#26]
Link Posted: 12/24/2008 9:17:33 AM EDT
[#27]
I love it .  
Link Posted: 12/24/2008 9:22:46 AM EDT
[#28]


FU
Link Posted: 12/24/2008 9:26:02 AM EDT
[#29]
They will ask for a bailout now



Thats all they want
Link Posted: 12/24/2008 9:27:18 AM EDT
[#30]
Quoted:
Madoff is lucky this guy was French http://www.nbcsandiego.com/news/us_world/Madoff-Fund-Operator-Found-Dead-in-Office.html

I heard some retired guy yesterday who lost basically everything he had invested with Madoff.

One of Madoff's flunkies in Boston married into some wealthy Boston/New York family and lost a ton of that families money also.



saw something this week that said a lot of Jewish organizations had invested with him, and lost everything.
Link Posted: 12/24/2008 10:33:03 AM EDT
[#31]


That means that $850,000 in support we were counting on from these foundations in 2009 simply won't exist.



Apparently, the ACLU's annual budget is around $50 million. So, this shortfall amounts to around 1.7 percent of their total budget.




 
Link Posted: 12/24/2008 10:37:20 AM EDT
[#32]
I'm sure there's more than meets the eye with this Madoff case, like his sons have a huge pile of cash waiting for them somewhere, while Madoff senior takes off to go live in Israel.
Link Posted: 12/24/2008 10:39:37 AM EDT
[#33]
Quoted:
I'm sure there's more than meets the eye with this Madoff case, like his sons have a huge pile of cash waiting for them somewhere, while Madoff senior takes off to go live in Israel.


So far, that doesn't appear to be the case.  It looks like he may have ruined his kids as well because they had a lot of their money with him.
Link Posted: 12/24/2008 10:41:08 AM EDT
[#34]
Karma.  Love it.
Link Posted: 12/24/2008 10:43:08 AM EDT
[#35]
Quoted:
Quoted:
Madoff is lucky this guy was French http://www.nbcsandiego.com/news/us_world/Madoff-Fund-Operator-Found-Dead-in-Office.html

I heard some retired guy yesterday who lost basically everything he had invested with Madoff.

One of Madoff's flunkies in Boston married into some wealthy Boston/New York family and lost a ton of that families money also.



saw something this week that said a lot of Jewish organizations had invested with him, and lost everything.


It wasn't really organizations, it was specifically charities.  He also preyed on old people.
Link Posted: 12/24/2008 10:45:31 AM EDT
[#36]
Well, shucky darn.

Sometimes good does happen as a result of something bad.
Link Posted: 12/24/2008 10:49:10 AM EDT
[#37]
Quoted:
Quoted:
I'm sure there's more than meets the eye with this Madoff case, like his sons have a huge pile of cash waiting for them somewhere, while Madoff senior takes off to go live in Israel.


So far, that doesn't appear to be the case.  It looks like he may have ruined his kids as well because they had a lot of their money with him.


Plus they were fairly instrumental in him getting busted.

Link Posted: 12/24/2008 10:51:12 AM EDT
[#38]
Quoted:
They will ask for a bailout now

Thats all they want


Given the recent trends, they'll probably get something, if through back door channels.
Link Posted: 12/24/2008 10:51:30 AM EDT
[#39]
Link Posted: 12/24/2008 11:05:07 AM EDT
[#40]
Quoted:
Quoted:
I hate communists.


Me too––and I'm even in before the apologists who will claim the organization may have been founded by Communists, but it's not a Communist organization, nor dedicated to Communist ideals.  



DULoken seems to be taking a break, and DUPolo, well....

come here buddy, thanks for giving this forum a great Christmas gift a few weeks early

Link Posted: 12/24/2008 11:10:19 AM EDT
[#41]
Matloff is Jewish and defrauded TONS of Jewish charites, not to mention his own children.

Link Posted: 12/24/2008 11:11:49 AM EDT
[#42]
Quoted:
Quoted:
Quoted:
I'm sure there's more than meets the eye with this Madoff case, like his sons have a huge pile of cash waiting for them somewhere, while Madoff senior takes off to go live in Israel.


So far, that doesn't appear to be the case.  It looks like he may have ruined his kids as well because they had a lot of their money with him.


Plus they were fairly instrumental in him getting busted.



Correct.  They went to their attorneys and their attorneys advised them to go to the FBI.  They haven't spoken to their father since and refused to sign for his bond.
Link Posted: 12/24/2008 11:21:34 AM EDT
[#43]
Well boo-freakin' hoo !  
Link Posted: 12/24/2008 11:26:12 AM EDT
[#44]
Link Posted: 12/24/2008 11:33:35 AM EDT
[#45]
two foundations that have been incredibly generous and longstanding supporters of our national security and reproductive freedom work have been victimized by the Madoff scandal –– forced to close their doors and terminate their grants.



Wonder which two foundations?

Since ACLU is all about openness, shouldn't they name names?
Link Posted: 12/24/2008 11:38:32 AM EDT
[#46]
Quoted:
   

My heart bleeds for them.  

   

http://www.examiner.com/x-536-Civil-Liberties-Examiner~y2008m12d23-ACLU-hit-by-Madoff-Ponzi-scheme

A begging letter just sent out by the American Civil Liberties Union reveals that the organization, which has taken on such an important role in recent years with its battles against the Bush administration's assaults on due process and revival of the use of torture, is a victim of the Bernard Madoff Ponzi scheme.

While the ACLU had no money of its own invested in Madoff's scams, foundations on which it relies for substantial funding were devastated by the scandal. The letter, signed by Director of Administration and Finance Alma Montclair, says:

You have, no doubt, heard about the Bernard Madoff Ponzi scheme in which investors have been horribly defrauded of up to $50 billion. What you may not know is that two foundations that have been incredibly generous and longstanding supporters of our national security and reproductive freedom work have been victimized by the Madoff scandal –– forced to close their doors and terminate their grants.

That means that $850,000 in support we were counting on from these foundations in 2009 simply won't exist. We're dealing with that reality and remain committed to continuing our critical work in these areas.


Civil liberties advocates who want to help offset the ACLU's financial difficulties can make donations here.


Made the link hot for everyone.  Don't everyone click at once.

Link Posted: 12/24/2008 11:48:55 AM EDT
[#47]
Quoted:
Quoted:
   

My heart bleeds for them.  

   

http://www.examiner.com/x-536-Civil-Liberties-Examiner~y2008m12d23-ACLU-hit-by-Madoff-Ponzi-scheme

A begging letter just sent out by the American Civil Liberties Union reveals that the organization, which has taken on such an important role in recent years with its battles against the Bush administration's assaults on due process and revival of the use of torture, is a victim of the Bernard Madoff Ponzi scheme.

While the ACLU had no money of its own invested in Madoff's scams, foundations on which it relies for substantial funding were devastated by the scandal. The letter, signed by Director of Administration and Finance Alma Montclair, says:

You have, no doubt, heard about the Bernard Madoff Ponzi scheme in which investors have been horribly defrauded of up to $50 billion. What you may not know is that two foundations that have been incredibly generous and longstanding supporters of our national security and reproductive freedom work have been victimized by the Madoff scandal –– forced to close their doors and terminate their grants.

That means that $850,000 in support we were counting on from these foundations in 2009 simply won't exist. We're dealing with that reality and remain committed to continuing our critical work in these areas.


Civil liberties advocates who want to help offset the ACLU's financial difficulties can make donations here.


Made the link hot for everyone.  Don't everyone click at once.



I considered donating $0.02
Link Posted: 12/24/2008 11:54:45 AM EDT
[#48]
I laughed, I cried, it was better than Cat's to read this.  The greatest Christmas present I will get this year.
Link Posted: 12/24/2008 11:55:47 AM EDT
[#49]
Quoted:
Quoted:
Quoted:
   

My heart bleeds for them.  

   

http://www.examiner.com/x-536-Civil-Liberties-Examiner~y2008m12d23-ACLU-hit-by-Madoff-Ponzi-scheme

A begging letter just sent out by the American Civil Liberties Union reveals that the organization, which has taken on such an important role in recent years with its battles against the Bush administration's assaults on due process and revival of the use of torture, is a victim of the Bernard Madoff Ponzi scheme.

While the ACLU had no money of its own invested in Madoff's scams, foundations on which it relies for substantial funding were devastated by the scandal. The letter, signed by Director of Administration and Finance Alma Montclair, says:

You have, no doubt, heard about the Bernard Madoff Ponzi scheme in which investors have been horribly defrauded of up to $50 billion. What you may not know is that two foundations that have been incredibly generous and longstanding supporters of our national security and reproductive freedom work have been victimized by the Madoff scandal –– forced to close their doors and terminate their grants.

That means that $850,000 in support we were counting on from these foundations in 2009 simply won't exist. We're dealing with that reality and remain committed to continuing our critical work in these areas.


Civil liberties advocates who want to help offset the ACLU's financial difficulties can make donations here.


Made the link hot for everyone.  Don't everyone click at once.



I considered donating $0.02


If it costs them $.06 to process a transaction for $.02, they would lose money.  I would donate $100 if it would cost them $200!  I would just do it $.02 at a time!
Link Posted: 12/24/2008 11:59:31 AM EDT
[#50]
He made off with their money too.  LOL
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