Alicia Jo Rabins Comes Forward About Bernie Madoff
Eclectic violin virtuoso and composer Alicia Jo Rabins – formerly of Golem and currently with Girls in Trouble – has put together an intriguing new show titled A Kaddish for Bernie Madoff. She debuted it here in New York Thursday night at Joe’s Pub. It’s billed as an attempt “to investigate the intersection of mysticism and finance, the inevitability of cycles, and the true meaning of wealth.” Hot on the heels of a sold-out show (the next one is also at Joe’s Pub on Thursday, Nov 15 at 7), Rabins was gracious to answer a few loaded questions about it:
Lucid Culture’s Correspondent: Kaddish is something we say for the dead. Is Bernie Madoff dead?
Alicia Jo Rabins: Yes, Kaddish is the prayer for the dead – and it’s also, extremely rarely, used to mark excommunication, when a person becomes “dead” to the community, as in that amazing scene in the Jazz Singer. So I’m playing with that meaning and also with the idea of mortality – Madoff’s, and our own.
LCC: Do you find it particularly reprehensible that Madoff deliberately chose to victimize other Jews?
AJR: Well, in the piece I mention that these kinds of schemes are often referred to as affinity scams because people prey on those from their own community, taking advantage of the natural sense of trust that exists between people from a similar background. So – reprehensible, yes, and extreme – but surprisingly not uncommon.
LCC: In your research, how many of the main characters in this did you talk to? Madoff himself? Harry Markopoulos? Any of the SEC people? I remember how the Madoff family did a huge amount of PR for damage control, and then they disappeared, or tried to. Did you talk to any of them?
AJR: I decided not to approach the Madoff family because I wanted to maintain some sense of objectivity and distance from the central players in the story, and to look at it from the perspective of the supporting players – a lawyer defending the victims from clawbacks, an FBI agent on the case, a financial risk officer at a bank who advised against investing with Madoff and was initially rebuked.
LCC: Lurid as the scandal was, Madoff doesn’t seem to me to be a particularly interesting guy. He had a lot of stuff, and flaunted it, and that’s about all he seemed to be interested in. Or is there more to him than that?
AJR: I was actually interested in the many reports I read that Madoff did not particularly flaunt his wealth – in the rarified world of hedge funds, he was relatively modest – still absurdly wealthy, but not particularly showy about it. Apparently that actually led people to trust him more. Learning that was one of the things that drew me deeper into the complexities of the story.
LCC: Considering that the biggest ponzi schemer of all time was once head of the NASDAQ stock exchange, what does this portend? How many other Madoffs are there out there? Or is it ultimately just one big casino?
AJR: I heard this question so many times in my research – people saying “Isn’t the whole stock market a giant ponzi scheme anyway?” I certainly don’t have the answer, but I think it’s an important question for America at this moment.
LCC: To what degree are we all implicated in this – for buying into the system that tolerates and even abets criminals like Madofff, or for foolishly believing that the system would thoroughly police itself?
AJR: I couldn’t agree more – if one can agree with a question. And I would add, how does this sort of belief or faith in capitalism tie into our spiritual condition as a nation at the moment? To what degree are we responsible for one another? These aren’t just theoretical questions. Should people making millions from stock trading have to contribute towards the health care of people making ten dollars an hour? Should higher education be subsidized for those who can’t afford it? I stay out of the political angle in this piece and focus more on the spiritual questions, but really, it’s all the same.
Alicia Jo Rabins plays A Kaddish for Bernie Madoff at Joe’s Pub this coming Thursday, Nov 15 at 7 PM: $15 tickets are still available as of today.
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