Bernie Madoff's Ponzi Scheme - The Impact on Main Street, America

">home, attending school or a camp for instance they
By now, most people, if not everyone knows aboutare exposed to:
Bernie Madoff and his 50 billion dollar Ponzi scheme.- Opportunity for continued learning. They acquire
The news has reported a great deal on how this hasknowledge through out the school year and in camp
impacted many people. In Palm Beach, FL manythey continue the learning process to reinforce the
individuals, estates and organizations lost money inwork from the previous year.
the scheme. There is another affected group which is- A chance to interact with same-aged peers and
not covered as often because they did directlycontinued social growth and development
invest; and that is the needy families, and they lost- Supervised and guided activities, which limits the
twice. Local charitable organizations in every stateopportunities they have to get involved in less
rely on the generosity of gracious donors. There areconstructive or more dangerous activities.
also several foundations which provide funding to help- Reduces the risk of becoming victims of child abuse
local organizations implement their programs.for children who are at risk of being abused because
As a result of some recent economic events,parents are not overwhelmed by overactive children
including the poor performance of the stock market,who need constructive engagement and children
the reduction in wages for some people and thespend time with other concerned adults who may be
increase in the national unemployment rate, we canable to notice and address warnings or signs of
only begin to imagine that the need in localabuse in the children.
communities will be greater. With a decrease inAll these sound good for the kids, but where is the
families' finances, more people will be seekingbenefit for the rest of the community? Well, it is in
assistance form local organizations to help themprevention. By increasing and promoting wellbeing and
wade through to other side of the current economiclimiting risk, the community saves on the cost of
stumble. The number of individuals who are applyingtreatment. If a child is at camp in supervised
for unemployment compensation continues to grow.environment, that child is less likely to be out in the
The media has already reported an increase needcommunity getting hurt or damaging property while
evidenced by the number of people who are applyingtrying to find entertainment. When a child is at camp,
for everyday survival assistance through governmentthe unemployed parent can continue to work toward
programs such as Medicaid and Food Stamp. Asgainful employment instead of being home at risk of
parents with limited funds continue to make effortsreleasing their frustration of a child who they feel is
to be gainfully employed, programs such as childcarebothering them when all he/she wants is to find an
and camps are going to be in great demand thisengaging activity. A child at camp continues to learn
summer. Unfortunately many school districts arepractice positive social interaction skills and engaging in
looking for ways to reduce expenses, and are lessa structured environment, which reduces the
likely to be able to add summer extensions to helpre-teaching that they will need when they return to
meet these needs.school in the fall. There are many ways people can
How does Madoff's scheme affect your community?help even when they are not able to make the
- The victims of the Ponzi scheme includedmajor contributions of the past. It is simply a matter
foundations which fund programs in localof finding the right initiative.
organizations. It is very likely that there was anMany people did not personally lose money, and are
organization in your community or the neighboringnot seeking assistance, but the impact still extends to
community which receives money from on of thosethem. Whether they use them or not, members of
who fell victim.the community pay the cost of services. In a time
- Individual donors with lower amounts ofwhere the common theme in state budgets is
discretionary funds are less likely to make theircovering the short fall, many services are being
donations, or are more likely to donate less then theirreduced or eliminated. Investing in prevention means
normal contributions.reducing the amount spent in treatment, and this is
- Agencies which receive less funding will be able toimportant because treatment in general is more
serve fewer families, even when there are morecostly than prevention.
families seeking assistance.Adversity really is a part of life. Resilience; however,
- Communities with increased needs and reducedmust be pursued and maintained. These difficult days
assistance become more vulnerable.are providing an opportunity for people to take a
When a child is able to spend time away from thestand. To quote Nike, "just do it!