In this issue

Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review April 7, 2014 / 7 Nissan, 5774

Banks Play Ball with Government to Hand Over Your Assets

By Bruce Bialosky

http://www.JewishWorldReview.com | Four years ago, I wrote a column about how the state of California had passed a law to make retailers turn over any unused gift cards to the State after a set period. The law did not consider any effects on the retailer; just the fact that California was grubbing for new revenue flows and once greedy politicians see a target they can devise any rationale for why the money or new tax should be placed into their coffers. The column also explored how the State was taking money from unclaimed bank assets as if it were another revenue stream. I never thought I would get caught in the trap, but I did.

Recently after hearing that the State Controller had a website my nephew decided to go fishing on it for kicks. Surprisingly, he found there was an asset listed on the website that was under my name. It was from a cashier's check issued by a major bank. The website had the information listed regarding the check and the person to contact at the bank. It did not take me long to contact the bank though it was in another time zone.

The bank representative I spoke to asked me if I had contacted the State of California. I asked her why I would do such. My name is Bruce Bialosky. There are no others in existence and it is obviously my asset so why would I go through their rigmarole when we can handle this between the bank and me. She was totally unfamiliar with the process to get me my money despite being the listed representative of the bank. She said she would research that and get back to me. Then I asked her the proverbial $64,000 question: since the asset had been in their hands since October, 2010, had anyone tried to contact me? She disclaimed any responsibility for that process. That is when I asked who at the bank was responsible for the unclaimed assets. She had no clue despite being the identified person on the California website. I then asked my favorite question in these situations - "May I speak to your supervisor please?"

When her supervisor (a high up person in their accounting department) called back, I asked her the same questions which are 1) did anyone try to contact me and 2) who at the bank was responsible for unclaimed assets? She had no clue either, but she promised someone would follow up. Indeed someone did and that was the manager of the branch where the check was issued. She rambled on about their process with cashier checks and how this one had fallen through the cracks. I asked her if she once tried to contact me. I told her I am all over the internet. I am readily accessible. While we were talking I went on Google and found my telephone and address in less than a minute. I asked why they had not done that simple act. She had no explanation, but she lauded the Controller's website. I then asked again who at the bank was responsible for unclaimed asset and she had no idea, but someone would get back to me and someone did.

A senior vice-president called me from their headquarters. When I asked if they had tried to contact me he stated they sent two letters to the issuer of the check. I replied "Ah, snail mail." He said it referred them to his professional bankers at an 800 number. I stated that people working at a call center were not exactly professional bankers. I then asked again if there was anyone at the bank who was responsible for unclaimed assets. He finally confessed in a convoluted manner that there was not and again lauded the fact they were working with the state of California to identify owners. I took this opportunity to enlighten him that the state of California has an ulterior motive in that they actually want the assets for the State and that they have only modest concerns for the owner of the asset. I asked him if the bank could not find me, what are they doing about the little old lady who was less able to protect herself? I told him the story of the lady who the bank could not find so they turned over the assets in her safe deposit box to the State. In the safe deposit box was the trust deed to her home where she still lived and they still could not find her. I told him in my case how disgraceful his bank's actions have been.

John Chiang, California State Controller, has unclaimed assets as the leading item on his website. He is pushing this issue to make him seem like a protector of the people and showing how many unclaimed assets are now reported and claimed annually. He never states how many end up in the State's hands because no one has made a real effort to find the asset's owner including the State. Banks are uninterested in spending their personnel's time finding people that will not enhance their position and they now know the assets will be the State's anyway.

I have to say once I sent the notarized form in to claim my asset the bank had my money to me in a few days. I am one of the lucky ones, but what about the ones who don't have my resources. The real winner here is the government with an asset from the bank.

Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

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Bruce Bialosky is the founder of the Republican Jewish Coalition of California and a former Presidential appointee.


03/24/14 To Frack or Not to Frack, That is the Question
03/17/14 Doing Right While Being So Wrong
03/10/14 Los Angeles: The Next Failed Government?
03/03/14 Dems, How Much Will You Take?
02/24/14 NCAA Juicing Basketball
02/17/14 Thank You President Obama for Freeing Me
02/10/14 What Jack Kennedy Wrought
02/03/14 Women Need To Have Equality
01/27/14 Our Smartest President?
01/20/14 And When I Die
01/13/14 Congressional Extortion
01/06/14 Why Obamacare Cannot Succeed
12/30/13 Why Judge Was Incorrect in NSA Case
12/09/13 The Real Reaction to Obamacare
12/09/13 How to Secure a Proper Iranian Agreement
12/03/13 Frontline/ProPublica's Misguided Attack on The Assisted Living Industry, Part 2
12/02/13 Frontline/ProPublica's Misguided Attack on The Assisted Living Industry, Part 1
11/25/13 Obamacare --- Big Business Gets Screwed Again
11/18/13 Shocking News: Dems Want New 'Revenues'
11/11/13 Do You Want A Nationalized Drug Industry?
11/04/13 Obamacare Schadenfreude
10/28/13 The Second Biggest Issue in America
10/21/13 The New Welfare State

© 2013, Bruce Bialosky