Madoff Swindle might give some children a chance at life

"By swindling clients out of up to $50 billion, hedge fund manager Bernard L. Madoff has caused at least two left-wing charitable foundations to fold. Through his Social Security-like Ponzi scheme that paid older investors with funds from newer investors, liberal Madoff, a heavy donor to Democratic candidates, has caused the collapse of the Picower Foundation and the JEHT Foundation. Picower gave generously to NARAL, Planned Parenthood, Southern Poverty Law Center, and ACORN affiliate Project Vote. JEHT gave big to the ACLU and its foundation, the Center for Constitutional Rights, ACORN affiliate American Institute for Social Justice, and the Tides Foundation and its affiliates."

But. . . there will be bailouts for those supporting Democratic causes, such as abortion. Welfare for charities.

"Independent Sector, a coalition of liberal charities and foundations, wants to cash in on Washington’s bailout fever, the Chronicle of Philanthropy reports. "There’s simply not enough cash to respond to the amount of the needs," said Diana Aviv, president of the group. "The demand is much greater and the dollars that are secured from traditional sources are shrinking." Call it charity welfare. If you don’t dig deeply enough into your pockets for charity, the government will force you to, or at least that’s what Aviv wants." Capital Research Center