WALL STREET, JEWISH / ISRAELI ETHICS, AND THE WORLD OF FUND RAISING

Wall Street

Wall Street

Among the economic fields in which Jews today are especially visible is investment banking — “Wall Street,” including interconnected networks of lawyers and other legal and economic manipulators stretching deeply into Hollywood and the mass media. Since the 1800s the “Old Crowd” of German-Jewish banking families (the Seligmans, Lehmans, Goldmans, Sachs, Warburgs, Schiffs, Loebs, et al) had predominated the field; a “New Crowd” of Jews has in recent decades taken their place. After World War II, melodramatically note Judith Ehrlich and Barry Rehfeld, “economic power in America and Wall Street was shifting … Fresh faces came forward as if answering a call … They were the children and grandchildren of Italian, Irish, Poles, and other Europeans who were not of Anglo-Saxon ancestry. But most of all they were Jews.” [EHRLICH, p. 12] This is not to suggest of course that the seminal Jewish American investment firms are today inconsequential. Far from it. In 1999, for instance, Goldman, Sachs and Co. stretched across the world to become the “single largest and controlling shareholder of South Korea’s largest bank, Kookmin. [BLOOMBERG NEWS, p. 11]

“In the world of high finance,” observed Gerald Krefetz, “Jewish interest is concerned with investment banking, a broad catchall for activities ranging from tendering advice to underwriting securities. The heart of investment banking is public offerings and private placements, the risking of capital — sometimes ones’ own, but more often other peoples’ — to finance new companies, or expand old ones.” [KREFETZ, p. 54] The nature of Wall Street entrepreneurship might well be presumed in the title of a 1986 volume by Ken Auletta: Greed and Glory on Wall Street: the Fall of the House of Lehman, or Martin Meyer’s Nightmare on Wall Street: Salomon Brothers and the Corruption of the Marketplace (1993). Both Lehman and Solomon are Jewish-founded firms.

A French Jewish commentator, Bernard Lazare, noted Jewish propensities in high finance in the late 1800s:

“The man of the lower middle class, the small tradesman at whom
speculation has probably ruined has much clearer ideas of why he
is an anti-Semite. He knows that reckless speculation [by financiers],
with its attendant panics, has been his bane, and for him, the most
formidable jugglers of capital, the most dangerous speculators, are the
Jews; which, indeed, is very true.” [LAZARE, B., p. 173]

Finance, investment banking, brokerage, and commodities are the speediest ways (short of outright crime) to get rich in America; by 1988 the stock and bond market and linked economic activities totaled 12 trillion dollars a year (six times the value of the assets of Fortune’s top 500 companies). “Where the money went,” note Ehrlich and Rehfeld, “and what happened to it were greatly influenced by Wall Street power brokers.” [EHRLICH, p. 19] Corporate mergers, acquisitions, and takeovers have become an especially lucrative field. “By the 1980s, says Ehrlich and Rehfeld, “along with [Gentile] T. Boone Pickens, and a few others … the [Jewish] New Crowd was at the very core of the mergers and acquisitions field.” [EHRLICH, p. 15]…. [This circle of money men] bought luxurious homes, expensive art, high-priced foreign cars, designer clothes and jewelry; they hosted or appeared at the right parties.” [EHRLICH, p. 16] … The old WASP establishment had seen its wealth eroded by changing tax laws and inflation … arriviste Jews began to appear on the boards of such time-honored WASP institutions as the Museum of Art, the Metropolitan Opera, and the New York Public Library.” [EHRLICH, p. 5] … The New Crowd broke the stranglehold of the Establishment WASP bankers and [older Jewish] Our Crowd competitors … and extended profit centers to newer financial activities such as block trading, risk arbitrage, a wide range of retail securities products, financial futures, listed trading of options, and junk bond financing that helped companies expand and made almost every company vulnerable to a takeover, a leveraged buyout that restructured corporate entities and raised critical debt levels.” [EHRLICH, p. 394]

In the 1970s, “hostile turnovers,” notes James Stewart, “bore an unsavory taint. They generated bad feelings, especially toward those who represented the attackers. This sometimes alienated other clients. Much of the WASP investment banks and loan firms preferred to leave such work to the other firms, many of them Jewish.” [STEWART, p. 25] “Various techniques and instruments were used in the Wall Street boom of the 1980s,” says Norman Cantor, “but the most consequential — and lucrative was the floating ‘junk’ (low grade) bond to provide capital for involuntary takeovers of one company by another … Fiscal critic Benjamin Stein [sees] the junk bond device as a huge fraudulent Ponzi scheme generating temporary money pools that could be looted by ruthless investment bankers and corporate executives and their overcompensated lawyers.” [CANTOR, p. 402]

William Leach traces the influence that those in investment banking have had in shaping America, both economically and in influencing the nation’s values:

“The growth of investment banking and mass consumption industries
were (and still are) closely related developments … Bankers assisted in
undermining the competitive ethos by directing business interest toward
concentration and easy economic fixers. They helped local monopolies
become major national ‘players’ almost instantaneously. Banker-inspired
megalomania reinforces an already clear pattern in the economy away from
‘making goods’ to ‘making money.'” [LEACH, p. 275]

There is a long list of Jewish entrepreneurs on Wall Street who, as a group, have been influential in literally changing the American economic system. Sanford I. Weill, for instance, “amassed a brokerage empire and eventually became President of American Express;” he was later “recognized as one of the most powerful Jewish businessmen in the nation.” [EHRLICH, p. 13] John Gutfreund rose to become the chairman of Solomon, Inc., “one of the most powerful securities firms in the western world.” Felix Rohatyn “perhaps more than any other, was linked with the flood of massive corporate combinations that reshaped American business for much of the past three decades.” [EHRLICH, p. 14] Sanford C. Bernstein & Co., valued at around $3.5 billion and with assets of $90 billion, is “one of the biggest closely held U.S. money managers.” It manages $55 billion “for institutions, such as pension funds, endowments and foundations, and $35 billion for wealthy individuals.” [BLOOMBERG NEWS, INTL HERALD, p. 10]

Other influential Jewish Wall Street ‘players’ (financiers, lenders, borrowers, advisers, lawyers, et al) in recent years have included Alan Greenberg, Ira Harris, Bruce Wasserstein, Jerome Kohlberg, Henry Kravis, Peter Cohen, Joseph Flom, Martin Lipton, Victor Posner (“a onetime Baltimore slumlord” [FORBES, p. 45] who was indicted in 1982 for $1.25 million in income tax evasion and filing false tax returns [BRENNER, p. 72]), [Posner is “the flamboyantly wealthy Miami Beach financier [who has] been discredited as one of the most unprincipled and destructive modern corporate raiders.” [BIANCO, A., 1991, p. 31], Nelson Peltz, the Belzbergs, and many others. Alan Greenberg is the head of Bear Stearns, Stephen Schwarzman founded the Blackstone Group, a prominent investing firm. Well-known traditional Jewish investment banking houses include Lehman Brothers, Lazard Freres, Goldman Sachs, Salomon Brothers, Bache & Co., and Cantor/Fitzgerald. [SILBIGER, S., 2000, p. 78-79] “Jews took the lead in the ’60s,” notes Jewish business author Steven Silbiger, “with new investment banking techniques that helped introduce a conglomeration craze by using multipurpose holding companies … The concentration of Jewish-owned securities firms created well-paying employment opportunities at all levels of the securities industry: securities analysts; portfolio managers; and stock, bond and futures traders; brokers and deal-makers. Among the equity holders of the Jewish investment banking and trading firms on Wall Street are hundreds of Jewish millionaires. Upward mobility based on merit and high salaries has made working on Wall Street a Jewish-friendly career choice … Although exact figures for the numbers of Jews are not available, they no doubt have a leading and disproportionate role on Wall Street.” [SILBIGER, S., 2000, p. 78-80]

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Israel deports American academic

Israel has refused entry to the controversial Jewish American academic and UN envoy, Richard Falk who once compared Israel’s treatment of Palestinians to the Nazis’ treatment of Jews.

Falk flew into Tel Aviv on Sunday night and spent the night at Ben Gurion airport before he was deported this morning.

Earlier this year, when the Princeton University professor of international law was appointed as the UN’s special rapporteur in the Palestinian territories, Israel said it would deny him entry because in 2007 he said the Jewish nation’s blockade on the Palestinian coastal territory of Gaza was a “Holocaust in the making”.

In June this year, Israel allowed Falk to enter in a personal capacity to attend a conference in Ramallah in the occupied West Bank.

Israel defended its decision to deport Falk, saying he had used his personal visit in June to write an official UN report and because of his “shameful comparisons to the Holocaust”.

flag_israel_nazi

Israel also objects to the UN’s special rapporteur mandate which aims to document only the Jewish state’s abuses of Palestinian human rights. It does not include Palestinian abuses of Israeli human rights.

It’s the third time this year that Israel has barred a high-profile critic from entering.

In May, it deported Norman Finkelstein, a controversial Jewish American academic who has accused Israel of using the Holocaust to justify its actions against the Palestinians. Israel also refused Nobel peace laureate the Archbishop Desmond Tutu entry while on a UN fact-finding mission in Gaza the same month.

Toni O’Loughlin in Jerusalem –  guardian.co.uk

Prophetic Unity

If one looks with precision into the life of the Prophet of Islam (s) they will see that love and unity played extremely important roles in his message and in the spread of the Islam.

 Allah introduced the Noble Prophet (s) as the Prophet of Mercy and Prophet Muhammad’s (s) life is full of live for Allah and His servants.

 

The author of this article tries to point to the heights of this unity and this mercy. The article is as follows:

The Prophet’s (s) entrance into Medina was coupled by the pacts made with various groups. These pacts can be considered as the clearest pieces of evidence of Islamic love and unity in the society and that time.

 The general pact with the people of Medina is one of the most important pacts. It was the first pact that was made between the Prophet of Islam (s) and the tribes that existed in Yathrib at that time. Some of what is written on it is the first written fundamental laws of the world.

 

This was the best opportunity to bring about religious unity because unity amongst the fighting tribes would ensure the social rights of the Jews and the Muslim immigrants as well. From another angel, these pacts were the prelude to the establishment of a unified political theme and government.

 

Full article: www.insight-info.com

 

German Nazis for Israel

What do you think this game is all about?

nazi

Nazis against anti-Semitism? As bizarre as that sounds, a group of Germans which calls itself “National Socialists For Israel” launched
its Web site in support of Israel.

“Stop the hatred of the Jewish people,” the Web site reads. “The Jews are a healthy, strong nation.”

The organization – whose members have yet to reveal themselves to the public – claims that Israel’s right to exist is anchored in the principles of social Darwinism, the same principles which the Nazis adopted prior to the Second World War.

“Israel earned the right to live among the nations [after emerging] from unending wars,” the group writes on the site. “Israel also has a right to exist. This nation also has culture… The nation of Israel is appreciated… It is our duty, as neo-Nazis, to defend this supreme success. Not just for the German people and the European cultural sphere, but also, especially, for Israel.”

As such, “Nazis for Israel” also leveled criticism at their colleagues in the neo-Nazi National Democratic Party (NPD), calling them “politicos, cowards, and reactionaries.”

“Show us proof of a Jewish plot to dominate the world,” they wrote in a rare manifesto which was posted on their Web site.

These unusual statements on the internet compliment the group’s other public campaigns, including the dissemination of bumper stickers. One of the stickers features a picture of Reinhard Heydrich, the senior Nazi official who chaired the Wansee Conference where the Final Solution was hatched. Underneath the photo reads: “As a Nazi, I’m a Zionist.”

Another sticker shows a photo of Israel Defense Forces soldiers during the Second Lebanon War under the heading: “2,000 years of
struggling to survive – respect to those worthy of it.”

In terms of the group’s attitude towards the Holocaust, the organization says: “We must view what is referred to as ‘the Holocaust’ within the context of acts of self-defense undertaken by nations under threat.” It added, however, “that there is no justification for it.” Instead, the Nazis ought to have supported the Zionist cause, the group states.

The group claims it held its first meeting of activists in Berlin last month. It said the meeting touched on issues ranging
from “solidarity with Israel, anti-Semitism, capitalism, and Islam.”

source: www.insight-info.com

Iran’s Jews won’t mark Yom Ha’atzmaut

Its good to see that there are good Jews out there!

Iranian Jews

The Iranian Jewish community will not mark Israel’s 60th Independence Day, incoming Iranian Jewish parliamentarian Siamak Morsadegh said Wednesday.

Speaking to Reuters, Morsadegh said this was in protest of Israel’s responsibility for the “murder of totally innocent Palestinian civilians.”

“We are in complete disagreement with Israel’s conduct,” he said. “We are Iranians. We have no relations with Israel.”

The Iranian Jewish leader told Reuters that Israel’s policies toward Palestinians, particularly Gazans, demonstrated “anti-human behavior … they kill innocent people.”

Morsadegh went on to claim that Jews in Iran enjoyed freedom of religion and other rights. “There are no specific problems for Jews in this country,” he said.

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