Category Archives: Judaism

The Haredi Housing Crisis

Ultra-Orthodox Jews, the Haredim, try to live lives as separate from the world as possible so they can follow their religious commandments. But the real world keeps impinging on them. Report: Few people know about the pyramids of haredi (ultra-orthodox) … Continue reading

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I Don’t See A Housing Crash In Pico-Robertson

I don’t see housing values dropping much nor rents dropping. They are dropping in Beverly Hills. Pico-Robertson is the heart of Modern Orthodoxy in Los Angeles. If you look around on Shabbat, thousands of Jews are walking to synagogue. In … Continue reading

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The Financial Meltdown & Jewish Law

Mike writes: 1) Certainly buyers who misrepresented their incomes on “no verification loans” are also guilty of moral and halachic failings. 2) While mortgage brokers are lightly regulated, they don’t make loans. The underwriting decision is made by the institutution … Continue reading

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Jewish Wisdom About The Economic Crisis

Jonathan Rosenblum writes: Whatever slim chance remained that President Bush might act to thwart Iran’s nuclear ambitions prior to leaving office have been reduced to zero. The global economy could not bear another such shock at present. In my own … Continue reading

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The Moral Factor in the Recession of 2008

From Time.com: Would the current financial crisis have been avoided if traders followed Jewish traditions embodied in the Bible and the Talmud? It’s an interesting, if debatable contention, but equally interesting is the authorities Levine cites as he makes his … Continue reading

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Judaism’s Insights Into Business

From Time.com: “To be honest,” Diamond explains, “In the medieval and the modern periods, Jewish law caved to the marketplace on this.” The financial markets that Jews found themselves in routinely assumed profits of over 6%, and they followed suit. … Continue reading

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Judaism’s Protections Against Predatory Business

From Time.com: Sarbanes-Oxley is not popular among free-market advocates. “I know,” says Levine, “people involved in all this will say that they wanted to maximize shareholder value.” But he thinks that today’s capitalism needs to be a little more bounded … Continue reading

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When Does Judaism Cave To The Market Place?

From time.com: “To be honest,” Diamond explains, “In the medieval and the modern periods, Jewish law caved to the marketplace on this.” The financial markets that Jews found themselves in routinely assumed profits of over 6%, and they followed suit. … Continue reading

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Judaism’s Check On Price Gouging

From Time.com: •Morals of the Mark-Up Leviticus 25 of the Bible explains that you cannot charge the same price for land that is about to become useless (in this case, by reverting to its original tribal ownership) as for a … Continue reading

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Judaism’s Insights Into Our Financial Crisis

From Time.com: •The Bath House Rule An extension of the disclosure concern, Diamond reports, was explored by Jews through the unexpected vehicle of marriage law. The tractate Ketubot in the Mishna dictates that a betrothal is valid only if the … Continue reading

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