Monday, November 24, 2008

All the Wrong Policies - Blundering Crooks In Leadership Roles!

The notion that people in leadership positions know what they are doing and care about your welfare, must be exorcised out of your indoctrinated brain. This foolishness was imbibed to you through your mother's milk and is destroying your life. It's like melamine in the Chinese milk, it's killing you, some quicker than others.

The *D-A-A-S - T-O-R-A-H* myth, lie and distortion, is destroying the Orthodox Jewish community -- tearing its guts out and creating - group - mental illness.

These so-called, self-appointed, rabbis/leaders, know nothing about the affairs of the world or care about your welfare. -- At most -- they may be able to explain a difficult R' Chaim.

A father approached me a while back and asked if I could explain the following:

His son -- a disciple of Rabbi Shmuel Feivelson of Monsey, New York (Eliezer Eizgrau's mentor and godfather), was given guidelines by Feivelson -- for dating. One of the guidelines was --- never to open the door of the car for the female -- on a date. It lacked, he said , of appropriate behavior for a ben Torah and a Torah way of life. It was the female, that had to figuratively open the door for him -- because, he, not she -- symbolized Torah.

Further, he said, the young man had to be certain that his potential mate was put into place right from the get-go. Is there any wonder that there is a shidduch crisis - with clowns like this offering Torah-prescribed dating advice?

Soon after -- Feivelson invited himself to address the kollel that I spent my then available time at. I decided that I was going to verify this crass, demented ideology. In brief, Feivelson verified as true, what was told to me. All, except for two people of the chavrei kollel, for their own reasons, waited until he walked in to the beis midrash, started his address -- and en-mass walked out.

Now this hallucinating idiot is advising young men -- on the do's and dont's of frum dating. There are a hundred upon hundreds of these frauds masquerading as rabbis, rosh yeshivas, and school principals, offering advice on topics they are ignorant of. What's worse, that these "pearls" are disguised as "daas Torah"!

There are hundreds if not thousands of frauds masquerading as "treasury secretaries" and in other leadership positions. The Feivelsons and the Paulsons of the world -- should be locked up in a criminal insane asylum.

The stock market is down 22% since Paulson's "bailout" of his Wall St. buddies --- the greatest financial crime in American history, and hundreds of people have left traditional Orthodox Judaism since the greatest crime on American soil by Jews has been exposed --- the cover-up of rabbi sex-abuse in our schools and community!

All the Wrong Policies: Paulson Gets 'F-Minus' from Former Regulator Posted Nov 21, 2008 02:52pm EST by Aaron Task

As bad a year as the stock market is having, Treasury Secretary Paulson is having an even worse one, according to William Black, Associate Professor of Economics and Law at the University of Missouri.

The professor, who was counsel to the Federal Home Loan Bank Board during the S&L Crisis and blew the whistle on the "Keating Five" in 1989, says Paulson deserves an "F-minus" for his role in the financial crisis.

"All of his policies made [the crisis] worse," says Black, citing Paulson's:

Pushing for more deregulation of the securities and mortgage businesses.
Failure to recognize the liquidity crisis in credit markets sooner.
Failure to act to stop foreclosures sooner.
Opposition to the government taking equity stakes in financial institutions, until very late in the crisis.
"And he gets the worst grade because as head of Treasury he's also in charge of banking and thrift regulation," Black continues, noting he "destroyed" rather than beefed up supervision. "I hope you like the consequences."

Black, author of "The Best Way to Rob a Bank Is to Own One," says there's ample reasons why the financial markets have lost confidence in the Secretary.

He also notes Paulson steered Goldman Sachs into subprime and alt-A mortgage securities before becoming Treasury Secretary in 2006. Goldman began shorting those instruments shortly after Paulson's departure, he notes.

The current crisis is "not a hundred-year flood, that suggests it's an act of God caused by random forces," Black says. "This was one cause by bad policies, the same policies that have caused prior crises."


Former Regulator: Clear Fraud in Financial Crisis -- Why Isn't Anyone in Jail?

Posted Nov 21, 2008 12:47pm EST by Aaron Task

In the aftermath of the corporate scandals earlier this decade, investor confidence was (partially) restored by a parade of "perp walks" of fallen chieftains like Ken Lay, Bernie Ebbers, and Dennis Kozlowski.

But nearly two years into the bursting of booms in housing and mortgage securities, scant few related arrests have been made — and most of those have been focused on individual mortgage brokers vs. major industry leaders.

"There is no poster child [for the housing scandal] because you need to investigate, and you need to bring cases and we haven't done either against the major players," says William Black, Associate Professor of Economics and Law at the University of Missouri — Kansas City and a former federal regulator.

Black, who was counsel to the Federal Home Loan Bank Board during the S&L Crisis and blew the whistle on the "Keating Five" in 1989, says investigations have shown fraud incidence of 50% at (once) major subprime lenders like IndyMac and Countrywide.

But even though the FBI warned of an "epidemic" of mortgage fraud in 2004, they subsequently made a "strategic alliance" with the Mortgage Bankers Association, which serves the major industry players.

In this case, the foxes truly were guarding the hen house.

Black notes it was only this year that the total number of FBI agents devoted to mortgage-fraud investigations rose to more than 200. By comparison, during the S&L and Enron investigations in the 1980s and '90s, respectively, multiple task forces totaling hundreds of agents were employed.

"The DOJ has refused to emulate its successes in the S&L debacle, and even dealing with Enron, by creating a large task force that would take on the major fraud participants," Black said. "In this context, that would mean creating a large task force to investigate major, nonprime lenders."