Eugene David
...The One-Minute Pundit

Tuesday, December 16, 2008


HARDY HAR HAR:

The arrest of New York money manager Bernard Madoff claims one of the most active supporters of criminal justice reform in the U.S.

The Manhattan-based JEHT Foundation (pronounced ‘Jet’) said yesterday that it stopped making grants and will close in January. In 2006 alone, it gave away $26.4 million, according to its most recent publicly available tax return.

“They are one of the best progressive foundations around,” said New York lawyer William Zabel, a partner with Schulte Roth & Zabel and a director of the foundation. “There are so many sad stories out there, but this is one of the worst.”


TRANSLATION: A victory for con-SER-va-tives, despite the defeat for con-SER-va-tism.

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