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 Oct. 3, 2008 / 4 Tishrei 5769

Time to bail, saving the villains

By Wesley Pruden

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http://www.JewishWorldReview.com | Bankers, like politicians and lawyers, are immune from the kinder, gentler impulses that quicken conscience in the rest of us. But sometimes a banker, even on Wall Street, can be thought of too harshly. (Lawyers, not so much. Politicians, never.)

We're coming off a roaring credit drunk, and the worst of the hangover lies still ahead. With the price of houses soaring by 15 percent a year, we thought we would live happily ever after in the Land of Oz. Bankers were confident of selling trash mortgages forever. P.T. Barnum, the patron saint of high finance, had got it right with his observation that "there's a sucker born every minute." The bankers sold the booze, true enough, but they had willing buyers.

But where were the congressional bank examiners? Nobody is more culpable than a handful of Democratic politicians who pose, to the applause of the mainstream media, as deliverers and protectors of poor folks who could own their own homes if only they weren't oppressed by evil rich folks.

Barney Frank and Maxine Waters, shining exemplars of our only native criminal class, together with Chuck Schumer, a paragon on Senate ethics (you could ask him), saw the crisis building and did nothing but encourage it. They're certainly not alone in their mutual connivance in catastrophe, but their sins and shortcomings are most vividly on the record.

The pertinent excerpts from the transcript of a session of the House Financial Services Committee on Sept. 10, 2003, tells enough, if not all. The men and women in charge at Fannie and Freddie, particularly Franklin Raines at Fannie Mae, are the closest we have to authentic villains in this piece. They imagined they were conductors on a gravy train to Easy Street, where only certain congressmen could afford to live. These Democrats stood firm against Republican reformers trying to correct the most egregious abuses of Mr. Raines and his accomplices.

"I worry, frankly," said Rep. Barney Frank on that September morn, "that there's a tension here. The more that people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios."

A few days later, he told another hearing: "I want to roll the dice a little bit more in this situation towards subsidized housing."

Rep. Waters, who praised "the outstanding leadership of Mr. Frank Raines," demanded to know why, "if it ain't broke," anybody wanted to fix it.

You're not eligible to serve in Congress if you're a quick learner; it's apparently in one of the penumbras to the Constitution. Three years later, as the great housing Ponzi scheme accelerated, Sen. Chuck Schumer, reprised Barney Frank's casino bravado at a session of the Senate banking committee.

"I'll lay my marker down right now, Mr. Chairman," he said. "I think Fannie and Freddie need some changes, but I don't think they need dramatic restructuring in terms of their mission, in terms of their role in the secondary mortgage market, et cetera. Change some of the accounting and regulatory issues, yes, but don't undo Fannie and Freddie." The et cetera could be left to the senators enjoying the largesse of Fannie and Freddie.

There were a few dissenters to the Ponzi scheme.

"What we're dealing with is an astounding failure of management and board responsibility," Sen. Chuck Hagel of Nebraska told the panel. "Driven clearly by self-interest and greed. And ... the best we can say is, 'it's no Enron.' Now that's a helluva high standard."

So now the rest of us must collect the debris, patch up the system, and send a $700 billion Valentine to the very rogues, incompetents and buffoons who brought all this on the rest of us.

But it's also true that, as the Wall Street Journal says, we're actually bailing out ourselves. The wild ups and downs of the market, if that's all the crisis were about, could be left to inflict pain only on the deserving who should have known better. But it's worse than that, and Congress, beginning with the senator, has an obligation to hold tightly to its nose, vote for the bailout - and hide their faces in mortal shame on behalf of their guilty colleagues.

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JWR contributor Wesley Pruden is editor in chief of The Washington Times. Comment by clicking here.

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