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ADL Reports Surge in Anti-Semitic Messages on Online Finance Sites in Response To Money Crisis

In the wake of the collapse of major investment banks and the government’s proposed bailout of financial institutions, the Anti-Defamation League (ADL) is reporting a dramatic upsurge in the number of anti-Semitic statements being posted to Internet discussion boards devoted to finance and the economy.

Hundreds of anti-Semitic posts regarding Lehman Brothers and other institutions affected by the subprime mortgage crisis have been submitted to discussion boards dealing with finance, with many more arriving by the minute. The messages rail against Jews in general, with some charging that Jews control the government and finance as part of a “Jew world order” and therefore are to blame for the economic turmoil.

Anti-Jewish invective also has surfaced on a wide variety of blogs and conspiracy Web sites, according to ADL, which monitors anti-Semitism on the Internet through its Center on Extremism. And similar messages have also appeared on neo-Nazi and white supremacist Web sites and Internet forums, which frequently seek to exploit current issues in an effort to spread anti-Semitism to potential recruits.

While operators of the most popular finance message boards, including those hosted by Yahoo! Finance, have been quick to remove offensive comments, the rate at which new posts are arriving prevents them from removing all of the objectionable material before it is widely read. In many cases, other individual members of the groups have immediately responded against the anti-Semitic comments, decrying the messages as bigoted, inappropriate and categorically false. In recent weeks since the crisis started to unfolded, many Internet users have reported their concerns directly to ADL.

Similar anti-Semitic sentiments about the economy are appearing with great frequency on white supremacist Web sites such as Stormfront, the largest Internet forum for white supremacists and neo-Nazis. Posts and discussions on Stormfront have included references to Jewish control of the banking industry and suggestions that Jews hold complete power over government and the financial services sector.

Wrote one poster on Stormfront of the collapse of Lehman Brothers: “No doubt many of the board of directors, which is usually composed of the major shareholders that wield power, are still largely Jewish … I would imagine the likelihood of the Fed etc. bailing the company out depends largely to what degree it is Jewish owned.”
The Anti-Defamation League, founded in 1913, is the world’s leading organization fighting anti-Semitism through programs and services that counteract hatred, prejudice and bigotry.