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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 May 6, 2010 / 22 Iyar 5770

Regulatory reform: The anti anti trust law

By Dick Morris & Eileen Mc Gann




http://www.JewishWorldReview.com | From Kevin Hassett, writing for Bloomberg News, comes the metaphor that aptly explains the consequences of Obama's proposed regulatory reform law. The law would turn "Goldman Sachs Group and a few other financial giants into organizations that resemble AT&T in the 1950s," he writes.


In effect, firms labeled too big to fail (TBTF) would become utilities, closely regulated but ultimately guaranteed by the government. In return for what Hassett describes as "bureaucratic meddling" they can keep their profits but socialize their losses through an implicit public guarantee.


The Obama proposals make it clear that the fault line in our politics is not the public sector vs. private business. Rather, it is big government, big labor, and big business vs. the taxpayer and small or medium sized businesses. Ultimately, the regulatory reform bill will make the taxpayer responsible for the losses of the major firms but will, at the same time, empower federal regulators to monitor and control much of their activity — just as they do with electric utility companies.


Against this backdrop of public control of TBTF firms is the obvious fact that, through massive campaign contributions, these very same firms that are controlled by the bureaucrats can, in turn, control the bureaucrats through campaign contributions. By showering candidates with their largesse, they can buy their way out of the most onerous of regulations and profit enormously from their TBTF designation.


The losers are small and medium sized businesses which haven't the government guarantee and must pay more for their capital, minimizing their profits. Inevitably, the TBTF firms will leverage their advantage to takeover their smaller rivals and we will end up with a few large regulated TBTF companies dominating the capital landscape.


When these new giants win, their gains will largely accrue only to their investors and employees. Their investment victories are likely to stem from trading profits and not from underlying investment in the kind of innovative, job creating companies we need to encourage. Federal regulation will limit their risk-taking and will starve these new growing firms of capital. But when they lose, the taxpayer will suffer since we will be asked to bail out or "rescue" failing firms since they are, after all, too big to fail.


In this zero sum game, the more the regulators from big government and the bankers from big business win, the more small firms and individual tax payers lose. This is the Obama future.

Letter from JWR publisher

It is the ultimate myth that this regulatory reform bill was introduced to curb the abuses of Goldman Sachs. In fact, it was created to enable them. The day in the dock of the civil lawsuit filed against Goldman by the SEC is a small price to pay for the ultimate empowerment of a federal guarantee against losses. If Goldman has to pose as the victim in order to inherit the market, they are quite willing to do so.


Any impartial examination of this bill shows how wise Goldman was to be the top donor to Obama and one of the top contributors to Senator Chris Dodd. This reform measure is their panacea.


We hope that Republican Senators act like Republicans and either kill the regulatory reform or force major changes.

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