By Wally Edge | July 24th, 2009 - 5:51pm
| More

State Sen. Loretta Weinberg (D-Teaneck) becomes the first victim of Bernard Madoff's ponzi scheme to run for public office.  Gov. Jon Corzine is expected to announce his selection of the 74-year-old grandmother as the Democratic nominee for Lt. Governor at the Bergen Performing Arts Center in Englewood at 2PM tomorrow.

The Wall Street Journal reported last December that Weinberg lost her life savings - an estimated $1.3 million that she had invested with Stanley Chais, a Los Angeles financial planner.  Weinberg said she had never heard of Madoff until December, when the scandal broke."Irwin had a saying, 'If you made a dollar and a half, you put 75 cents into a savings account and you lived on the other 75 cents,' " the Journal quotes Weinberg, speaking of her late husband, who had his own business building and designing retail stores. "That's how we lived."

In a December interview with PolitickerNJ.com's Max Pizarro, the senator described her husband as a hard-working child of the Depression and said of the news, "This is another road in one's life that one must traverse. I'm a lot better off than a lot of other people who were affected by this.

"I have work to do and that's the best antidote to this," Weinberg said. "All I will say about Bernard Madoff is his legacy to the world will be that he took money from the Eli Wiesel Foundation."

The Back Room

National progressive group backs Watson Coleman in CD12

The Progressive Democrats of America Co-Founder and National Director Tim Carpenter and State Chair Mary Ellen Marino today endorsed Bonnie Watson Coleman for the Democratic nomination in the 12thCongressional District.

Read More >

Wake-Up Call

Morning Digest: April 24, 2014

Organization to honor Gov. KeanAn event next month for Community Options, Inc. will celebrate the 25th Anniversary of the organization's founding and honor Governor Tom Kean, Sr., a was an advocate over 25 years ago for bringing individuals with developmental disabilities out of state institutions into small group homes.Robert...

Op-Ed

How the City of Paterson became a city in crisis

By HAYTHAM YOUNES As the May 13th election for Paterson officials nears, I've noticed a lot of candidates running using slogans and empty promises as if they weren't around watching Paterson get to where it's at today. I think it's important that... Read More >

Contributors

(4-23-14) Bridgegate Witnesses Not "RATS" if Testimony is Forced -Superior Court Judge Mary Jacobson’s decision last week was covered in most newspapers and blogs as an affirmation of the... more »
(Absecon Island, NJ) --With his shocking win in last year's election, Atlantic City Mayor Don Guardian emerged as one of the most intriguing figures in the New Jersey political... more »
When it comes to profiling Christie, facts are for wussies (4/10/14) - As the national media stories on our Guv pile up, expect more blunders about the Garden State.... more »
This week I begin a series called Dispatches from Somewhere Else. Based on my on-going experiences as an everyman in New Jersey politics, these Dispatches review the hollowness of... more »

Quote of the Day

Quote of the day

"This is the only Tea Party group that endorsed Mitt Romney. These guys are the Vichy French of the Tea Party movement. They're the guys who say 'Viva la France,' and then you can't find them when the fighting starts. Come on." - GOP strategist Rick Shaftan, on the Independence Hall Tea Party group.

- PolitickerNJ.com

Poll

Who would you back for Governor of NJ in this 2017 general election dream match-up?:

Resources

Visit the PolitickerNJ.com/resources page for links to the best collection of information on New Jersey state government.

 

  • Polls
  • The best blogs
  • Columnists
  • State election results
  • Assembly election results
  • Local party websites
  • And more.

PolitickerNJ.com/resources