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Feb. 8, 2013

Rabbi Berel Wein: Lofty ideals must be followed with grounded applications

Clifford D. May: Letter from the West Bank
Steve Rothaus: Judge OKs plan for gay man, lesbian couple to be on girl's birth certificate
Gloria Goodale: States consider drone bans: Overreaction or crucial for privacy rights?
Environmental Nutrition Editors: Don't buy the aloe vera juice hype
Michael Craig Miller, M.D.: Harvard Experts: Regular exercise pumps up memory, too
Erik Lacitis: Vanity plates: Some take too much license
The Kosher Gourmet by Susie Middleton: Broccoflower, Carrot and Leek Ragout with Thyme, Orange and Tapenade is a delightful and satisfying melange of veggies, herbs and aromatics
Feb. 6, 2013

Nara Schoenberg: The other in-law problem

Frank J. Gaffney Jr. : A see-no-jihadist for the CIA
Kristen Chick: Ahmadinejad visits Cairo: How sect tempers Islamist ties between Egypt, Iran
Roger Simon: Ed Koch's lucky corner
Heron Marquez Estrada: Robot-building sports on a roll
Patrick G. Dean, M.D.: Mayo Clinic Medical Edge: How to restore body's ability to secrete insulin
Sharon Palmer, R.D.: 3 prostate-protecting diet tips
The Kosher Gourmet by Emma Christensen 7 principles for to help you make the best soup ever in a slow cooker
Feb. 4, 2013

Jonathan Tobin: Can Jewish Groups Speak Out on Hagel?

David Wren: Findings of government study, released 3 days before Newtown shooting, at odds with gun-control crusaders
Kristen Chick: Tahrir becomes terrifying, tainted
Curtis Tate and Greg Gordon: US keeps building new highways while letting old ones crumble
David G. Savage: Supreme Court to hear case on arrests, DNA
Harvard Health Letters: Neck and shoulder pain? Know what it means and what to do
Andrea N. Giancoli, M.P.H., R.D.: Eat your way to preventing age-related muscle loss
The Kosher Gourmet by Diane Rossen Worthington Baked Pears in Red Wine and Port Wine Glaze: A festive winter dessert
Feb. 1, 2013

Rabbi Dr. Tzvi Hersh Weinreb: Redemption

Clifford D. May Home, bloody, home
Christa Case Bryant andNicholas Blanford Why despite Syria's allies warning of retaliation for Israeli airstrikes, the threats are likely hollow
Rick Armon, Ed Meyer and Phil Trexler Ex-police captain cleared by DNA test is freed after nearly 15 years
Harvard Health Letters: Could it by your thyroid?
Sharon Palmer, R.D.: When 'healthy food' isn't
Sue Zeidler: Coke ad racist? Arab-American groups want to yank Super Bowl ad (INCLUDES VIDEO)
The Kosher Gourmet by Nealey Dozier The secret of this soup is the garnish
January 30, 2013

Allan Chernoff: Celebrating 'Back from the Dead Day'

America isn't a religious country? Don't tell Superbowl fans!
Mark Clayton Cybercrime takedown!
Germany remembers Hitler rise to power
Israel salutes U. N. --- with the one finger salute
Sharon Palmer, R.D.: Get cookin' with heart-healthy fats
Ballot riles Guinness World Records
The Kosher Gourmet by Elizabeth Passarella Potato, Squash and Goat Cheese Gratin
January 28, 2013

Nancy Youssef: And Democracy for all? Two years on, Egypt remains in state of chaos

Fred Weir: Putin: West is fomenting jihadi 'blowback'
Meredith Cohn: Implantable pain disk may help those with cancer
Michael Craig Miller, M.D. : Ask the Harvard Experts: Are there drugs to help control binge eating?
David Ovalle Use of controversial 'brain mapping' technology stymied
Jane Stancill: Professor's logic class has 180,000 friends
David Clark Scott Lego Racism?
The Kosher Gourmet by Mario Batali The celebrated chef introduces us to PANZEROTTI PUGLIESI, cheese-stuffed pastry from Italy's south


Jewish World Review March 19, 2009 / 23 Adar 5769

The politics or outrage, Or: The congressman from chutzpah

By Paul Greenberg


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http://www.JewishWorldReview.com | You don't have to be a Gypsy fortuneteller to have foreseen the outraged reaction from politicians of both parties and all ideologies to the outrageous bonuses being handed out at AIG. After all, the giant financial insurer is only one of the many beneficiaries of recent bailouts, which means it's now largely owned by the taxpayers, so its business is ours. Unfortunately. For that's our money it's doling out in those multimillion-dollar bonuses.


Instead of being put out of its misery like Lehman Brothers, AIG was one of those outfits deemed Too Big to Fail, and naturally it's proving Too Big to Succeed. Instead of an orderly dissolution, reorganization and decent burial, AIG is being kept on life support at public expense. Its financial position remains precarious or worse, but there's nothing wrong with its sense of arrogance, which remains as insufferably healthy as ever.


Result: The natives are restless and have every right to be. The approximately $165 million handed out in bonuses at AIG is said to be justified because the company has to retain the savvy executives who made all those failed investments in derivatives — a relatively new field as mysterious and complex as it can be financially fatal. You have to wonder: If these people are the best and brightest, what would the worst and dimmest look like? And why have a number of these "retention" bonuses gone to people who have since left the company, that is, not been retained?


Never mind. Nothing succeeds in today's America like failure. For when Uncle Sam is picking up the tab, why scrimp? It's like gambling with other people's money; why not be a high roller? What have you got to lose save honor? The taxpayers will take the fall. Slowly the well-based suspicion mounts that it's the government, aka We the People, who may have made the dumbest decision of all by buying into this outfit.


"How do they justify this outrage to the taxpayers who are keeping the company afloat?" our now outraged president asks. Answer: They don't have to, not so long as Uncle Sucker keeps the money flowing.


Not the least ironic twist in this story is how quickly the enablers in government have turned on those outfits they enabled. Politics now demands a show of outrage, so they are shocked — shocked! — at what can happen when private companies become public wards and their execs, rather than have to face the consequences of their actions, are rewarded with bonuses.


When it comes to expressing outrage at some moral debacle in the financial world without acknowledging his own role in the continuing catastrophe that is the Panic of 2008, no one can top Barney Frank, the representative from Massachusetts and Chutzpah.


Congressman Frank was at the top of his low form this week when he appeared aghast at the very thought that "these bonuses are going to people who screwed this thing up enormously. ... Maybe it's time to fire some people. We can't keep them from getting bonuses, but we can keep them from having their jobs. ... In high school, they wouldn't have gotten retention, they would have gotten detention."


Hell hath no fury like a pol who, having screwed up largely public corporations like Fannie Mae and Freddie Mac, goes after a once private company like AIG. Time and again, when watchdogs like John McCain and his fellow reformers were barking at Fannie and Freddie's reckless loans, Congressman Frank's reaction was a sustained ho-hum.


Almost a decade ago — in 2000 — when a bill was introduced to tighten the supervision of the terrible twins, Mr. Frank called the danger of their collapsing "overblown" (actually, it was being understated at the time), and declared that "there was no federal liability there whatsoever." And he stayed depressingly consistent year after year. "I do not regard Fannie Mae and Freddie Mac as problems" (Barney Frank, 2002). "I do not think we are facing any kind of crisis" (Barney Frank, 2003). When unmistakable cracks began to appear in their financial condition, Mr. Frank remained sanguine, if not deaf-and-dumb. "I think Wall Street will get over it" (Barney Frank, 2004). And so disastrously on.


Mr. Frank and his equally blithe accomplices in Congress encouraged Fannie and Freddie to make bad loans in because they were supposed to be creating "affordable housing," and now that so many of those loans have turned out to be unaffordable, just as he was warned, the congressman responds by railing against ... AIG.


You bet the executives responsible for this mess should be fired. They screwed up enormously, to use Mr. Frank's phrase. But what happens to a Member of Congress who screws up enormously? Why, he's regularly re-elected by the suckers. Instead of retention he, too, should get detention.


No such luck. Instead, Barney Frank struts and frets his hour upon the stage, a regular before the insatiable television talk shows as chairman of the Powerful House Committee on Subsidizing Scams, always playing the street-smart sage channeling our outrage. And no one dares call it chutzpah. Well, not enough do.

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