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December 2, 2014

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 Sept. 16, 2008 / 16 Elul 5768

No more Wall Street encores

By Wesley Pruden


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http://www.JewishWorldReview.com | Once upon a time, Wall Street bankers caught in the traps of their own avarice would be searching by now for the taller skyscrapers in town, looking for good places to jump.


Richard Fuld, the chairman of what only yesterday was Lehman Brothers, has a suite of grandly furnished offices on the 31st floor of his building - assuming security has not already been called - but that might not be quite high enough. But the only flier he'll be taking is aboard a jet plane big enough to haul himself and the $22 million bonus he'll collect as he leaves for parts unknown. The door won't even bang his ample rear end on the way out.


Mr. Fuld is not the only "failure" suddenly on the street, nor will he be the last. The filthy rich, like the poor, will be with us always, coddling their golden eggs and leaving behind only a dead goose. Ordinarily, the rest of us can afford to be more or less oblivious of the rapacity and gluttony of the Wall Street greedheads, with their collection of million-dollar houses on several continents, their trophy wives, their discarded wives and the spoor they leave scattered like autumn leaves across the land. The poor schlubs on the streets where the rest of us live are only here to pay for cleaning up the effluvia of their cupidity and covetousness.


Winston Churchill famously said that the only virtue of capitalism is that it is slightly better - but only slightly - than all the other economic systems. This was not a hosanna for free markets or even scorn for the "virtues" of other economics so much as a comment on the capacity of unredeemed human nature to inspire disaster. Man, by nature fallen, invariably falls on innocents. We're seeing this played out again.


Being human and equipped with a standard-issue fallen nature, both John McCain and Barack Obama hustled Monday to put a selfish spin on what Alan Greenspan calls the "once-a-century" meltdown of the financial markets. Mr. McCain agrees there should be no government rescue of the flailing greedheads this time, that what we need is reform of the "outdated and ineffective patchwork quilt of regulatory oversight in Washington." He's got just the right reform team in mind, and one of the team comes with spiky red heels with a point to inflict pain when applied to the proper part of the anatomy.


Barack Obama, trapped in the prison of the past, naturally blames "a failed philosophy" that he doesn't want four more years of. The news that an election seven weeks hence will wipe the slate clean, that George W. Bush will soon be chopping wood on Prairie Chapel Ranch in any event, has not yet shown up on his teleprompter.


The frantic day on Wall Street ought to be enough to humble the most arrogant master of a universe revealed to be smaller than we imagined. The day that Lehman Brothers, after 158 years, sank into bankruptcy the iconic brokerage house Merrill Lynch sold itself to Bank of America, like a street hooker offering a dramatic discount to get off the street before the vice cops arrive. Poor Merrill Lynch. Merrill Lynch, Pierce, Fenner and Beane years ago kicked Mr. Beane out for a guy named Smith, and not so long ago dropped Messrs. Pierce and Fenner along with the newly arrived Mr. Smith, just to get rid of those pesky commas. And now this. "I've been in the business 35 years," says Peter Peterson, once head of Lehman Brothers and secretary of commerce in the Nixon administration, "and these are the most extraordinary events I've ever seen."


The silver lining in the cloud over Wall Street, except for the innocents (if any) who trusted the masters of the universe, is that the government has finally knocked away the federal crutch that the irresponsible money-changers have counted on to save them from themselves. The Bush administration, in the person of Treasury Secretary Henry M. Paulson Jr., has signaled that the greedy who are too big to fail are merely too big for their britches. Alan Greenspan, ever wary of government intrusion into the economy, nevertheless says there are "certain types of institutions" so fundamental to the economy that the government can't let them go belly up, lest the splash drowns others who, unlike these big institutions, don't deserve to drown.


No doubt true. But the men (and women) guilty of driving these institutions to ruin ought not to be entitled to second and third chances to do it again somewhere else, but retrained for jobs plucking chickens or scouring septic tanks. A kindly curmudgeon would give them directions to the nearest skyscraper.

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.

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

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