L'Affaire Madoff and the 'Enabling Wives'

In the wake of L’Affaire Madoff, writer Daphne Merkin, the sister of investor J. Ezra Merkin — his Ascot Partners fund had invested most all of its $1.8 billion with Madoff — bemoans in The Daily Beast the general invisibility of women in the world of finance. Without naming names, she writes of the limited role of the “enabling wives who serve as silent business partners or facilitating daughters … serving as an advancing flotilla of social connections.” Discussing her own meager fiscal education, she writes:

Madoff’s alleged Ponzi scheme also has Merkin reflecting on the world of Jewish immigrants detailed in Michael Gold’s book “Jews Without Money.”

In addition, The Daily Beast features a delicious passage from Merkin’s novel 1986 novel “Enchantment.” The excerpted scene takes place at a Jewish charity gala that resembles those Merkin attended as a child.

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