Today, at 2:30 p.m., in the Rose Garden at the White House, President Bush will award Corporal Tibor Rubin with the Congressional Medal of Honor.

Rubin immigrated to the United States in 1948 and answered America’s call to duty by volunteering for Army service. By July 1950, Rubin was fighting on the front lines in Korea as an infantryman in I “Item” Company, 3rd Battalion, 8th Cavalry Regiment, 1st Cavalry Division. During numerous engagements, Rubin’s actions to engage the enemy and to tend the wounded, at careless disregard for his own safety, resulted in the heroic defense of his unit. In one such mission, Rubin single-handedly defended a hill for 24 hours, allowing his company to withdraw.

Subsequently, Rubin dragged to safety a critically-wounded Soldier who others had left to perish. When he and surviving members of his unit were captured and interred in North Korean and Chinese Prisoner Of War camps, Rubin drew from his hard-won personal experiences in the Holocaust death camps to find food and provide medical care to his fellow captives. The U.S. Army credits Rubin with saving the lives of more than 40 Soldiers.

Now, 55 years later, Rubin will receive the nationÂ’s highest military honor.

Source.

More information on this American hero is available at the Army's website.

Unofficially, I believe that this is the only award of the MOH to a concentration camp survivor. Also, I believe that this doubles the number of living Jewish MOH recipients to two. I have had the privilege of meeting the other, Colonel Jack Jacobs, on several occasions.

As always, I find myself humbled when I read about men like these.

Posted by: Random Penseur at 10:23 AM | Comments (2) | Add Comment
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Rob reproduced the imposition of sentencing of Richard Reid by Judge Young. Go forth and read it for it is good. A small quote:

Here in this courtroom and courtrooms all across America, the American people will gather to see that justice, individual justice, justice, not
war, individual justice is in fact being done. The very President of the United States, through his officers, come into courtrooms and lay out evidence on which specific matters can be judged and juries of citizens will gather to sit and judge that evidence democratically, to mold and shape and refine our sense of justice.

See that flag, Mr. Reid? That's the flag of the United States of America. That flag will fly there long after this is all forgotten. That flag stands for freedom. And it always will.

Amen.

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I am not an expert on any of the things I am about to write about. I am just a relatively thoughtful guy who sat back on the train this morning, closed his eyes, and tried to sort through some of the broader consequences, broader implications, of this entire mess on the Gulf Coast. I think that this has the potential to wreak havoc far beyond the state borders down there.

First, these cities have municipal bonds. They have to pay interest on these bonds. They issue the bonds to pay for things like sewage projects and canal work and convention centers and all sorts of either infrastructure stuff or for projects that they calculate will throw off big revenues. The bonds are usually serviced by taxes or fees. Fees are paid by the users, like with a sewage project. Taxes are paid by everyone. Taxes are generated as a consequence of economic activity -- sales tax, for example. Where is the revenue going to come from now that the city is a dead man crawling? I know that there are reserves, up to about a year, socked away to continue interest payments, but do you really think that money isn't somehow going to get sucked into something else? What are the consequences when these cities seek bankruptcy protection or just plain default on the debts? Are they going to be able to go to the markets again to raise money? What happens to the people who hold that debt? It isn't enough to say that the bonds are insured because, at the end of the day, someone will bear that cost. Someone sitting in their dry and comfy home in a state far, far away is going to take a hit on their portfolio. Oh, and by the way, who hold munis in the first place? Those on a fixed income -- the elderly.

Second, the national mortgage market will take a hit, I think. Mortgages today are not as they once were. Once upon a time, your local bank lent you money, held your note, serviced your loan, and collected on it or foreclosed if it had to. Today, mortgages are the first step in an exotic financial market where they get converted into pool and tranches and debt is diced and sliced and sold off all over the place. This is a mighty big business, no two ways about it. You, the homeowner may not think about it like that as you write your check, but it is. Rarely do banks lend for their own portfolios anymore. What happens now when there is a national market in the mortgage debt and people have no reason or no ability if they have a reason to continue making payments on a house that doesn't exist anymore and for which insurance may not cover any of the loss. What are the implications for the national market as portions, large portions, of two states default on their mortgage debt? And what the heck do you foreclose on? How do you even find the land now that the river has reclaimed it in places? What will happen to interest rates? Beats the shit out of me. I just assume that there will be a problem.

Third, who is going to repopulate New Orleans? Those who are the most mobile, the best educated, those with the most portable skills, they are going to establish lives elsewhere. I was on the phone yesterday with my kids' nursery school and the director told me that she just got off the phone with a woman from New Orleans who is relocating up to Connecticut. She was calling from a hotel room in Houston. Once these kids get into new schools and the smart and aggressive types get new jobs, are they going to go back? I am skeptical. Highly skeptical. They will wonder whether anything in New Orleans can ever change and they won't take the risk of putting their families back there. So what happens to the city when you have this huge brain drain? You cannot populate the city with the Ninth Ward, those who may lack the skills and the resources to re-establish themselves elsewhere. Not to be a doom sayer, but I am deeply worried about the total eradication of the middle and upper middle class in New Orleans. You can't have a city without these people, at least, not a city people would want to live in.

Fourth, what the hell are the people who have a livelihood tied to the area going to do for money now? Let's take the lawyers for a moment. Law in Louisiana is based on the Napoleonic Code. It is the only place in the country with this kind of law. Lawyers admitted in Louisiana may not be able to really practice anywhere else. And even if they were, where are their clients? Who is going to pay them? What about real estate brokers? They sell local real estate. Well, I'm kind of thinking that market may be a little moribund for awhile. Or. . . Well, take any service provider in a local economy. They are all screwed. Are they all going to go from upper middle class to welfare in three easy steps? Consequences there are huge. First, a new and great strain on a cruddy social welfare system to begin with. Can the system even handle these new people? (Actually, one consequence might be a reform of the system if you suddenly get a lot of well educated people as "clients" of it). Second, where are the taxes going to come from to pay the welfare? If the high earners are not earning, they ain't paying taxes. Enough said, right?

The above is just a start. It is deeply depressing and I kind of have to stop now.

Except for this. Kathy (who I love) has written, in the midst of an excellent post about the anarchy in New Orleans, about the losses suffered by her brother's new car dealership in New Orleans. My heart goes out to them. However, I think Kathy is focusing on the wrong thing. It isn't whether the cars are a total writeoff or whether the dealership building has been damaged. No, the question is: who will be able to afford to buy the cars? What if no one in the economy has any money or jobs to justify credit to buy the cars? If that happens, we as a nation may be facing much greater trouble than we all think.

I hope I'm wrong about all of this. I really do. *sigh*

U P D A T E

Well, so much for being wrong. I read the following things on the Times Picayune Blog this afternoon:

Mortgage Loan Relief Available

Fannie Mae has mortgage relief provisions in place for borrowers in Mississippi, Louisiana, Alabama, Florida and other states facing hardships as a result of widespread damage caused by Hurricane Katrina.

With Fannie Mae's disaster relief provisions, lenders help borrowers in several ways, including suspending mortgage payments for up to three months, reducing the payments for up to 18 months, or in more severe cases, creating longer loan payback plans. Such assistance is provided on a case-by-case basis, and is designed to meet the individual needs of borrowers.

For information on mortgage relief, homeowners who have experienced hardships should contact the lender to whom they send their monthly mortgage payment.

and

Ford Offers Payment Deferrals

Ford Motor Credit Company is offering customers affected by Hurricane Katrina the opportunity to defer up to two vehicle payments.

Under the Disaster Relief Program, customers have the opportunity to defer these monthly payments without paying extension fees. The program is open to customers living in counties that FEMA has declared federal disaster areas as a result of the storm.

Ford Motor Credit customers who are eligible for the Disaster Relief Program should receive letters next week with instructions on how to register. Customers must register within 60 days to qualify. Deferred payments are due at the end of the contract term.

Looks like some of the big lenders are concerned that if they don't permit some form of deferral of payment, the debtors are going to tell them to go f*ck themselves.

What do you think that would do to Ford's stock? Not to mention Ford's corporate bonds?

This is just going to get more and more ugly.

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Viewing this picture just breaks my heart.

The caption read:

Darryl Thompson tries to comfort his daughter Dejanae while waiting for who knows what on the Pontchartrain Expressway, Wednesday, August 31, 2005.

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There I was, this morning, standing on line at the bank, when an older man got on line behind me. On his lapel, he was wearing a CIB -- a Combat Infantry Badge, an honor given to those who have served in combat. I am a respectful sort by nature. My mom kind of beat that into me. So, I asked this man if he'd like to go in front of me on line and we had the following conversation:

Me: I see that you are wearing the CIB. May I offer you my place in line?

Him: That's very kind of you. I'm also 91 years old.

Me: Well, you certainly don't look it. [And he really didn't]

Him: Yes, I was 30 years old in WW II.

Me: Is that where you earned your CIB?

Him: Sure was. I fought at Omaha Beach and with Patton. I was even with British troops during the Battle of the Bulge. They were something else. Can you believe that every day at 4:00, they stopped their tanks, got out, and made tea? Couldn't believe it. Tea. They were tough little bastards, though, gotta give 'em that.

And with that, he was called to the next teller, although he thanked me for letting him cut ahead and we shook hands. I actually shook hands with someone who fought at Omaha Beach. Like I said in the title to this, you never know where courtesy is going to lead you or what interesting conversations you can have. That bit about the Brits was, I thought, priceless.

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This is the text of an email I received this morning. It was sent from a law school professor at Southern University Law School. As she says at the close, can you imagine a disaster like this in your state? It is to weep.

5,000 - 6,000 lawyers (1/3 of the lawyers in Louisiana) have lost their offices, their libraries, their computers with all information thereon, their client files - possibly their clients, as one attorney who e-mailed me noted. As I mentioned before, they are scattered from Florida to Arizona and have nothing to return to. Their children's schools are gone and, optimistically, the school systems in 8 parishes/counties won't be re-opened until after December. They must re-locate their lives.

Our state supreme court is under some water - with all appellate files and evidence folders/boxes along with it. The 5th Circuit Court of Appeals building is under some water - with the same effect. Right now there may only be 3-4 feet of standing water but, if you think about it, most files are kept in the basements or lower floors of courthouses. What effect will that have on the lives of citizens and lawyers throughout this state and this area of the country? And on the law?

The city and district courts in as many as 8 parishes/counties are under water, as well as 3 of our circuit courts - with evidence/files at each of them ruined. The law enforcement offices in those areas are under water - again, with evidence ruined. 6,000 prisoners in 2 prisons and one juvenile facility are having to be securely relocated. We already have over-crowding at most Louisiana prisons and juvenile facilities. What effect will this have? And what happens when the evidence in their cases has been destroyed? Will the guilty be released upon the communities? Will the innocent not be able to prove their innocence?

Our state bar offices are under water. Our state disciplinary offices are under water - again with evidence ruined. Our state disciplinary offices are located on Veteran's Blvd. in Metairie. Those of you who have been watching the news, they continue to show Veteran's Blvd. It's the shot with the destroyed Target store and shopping center under water and that looks like a long canal. Our Committee on Bar Admissions is located there and would have been housing the bar exams which have been turned in from the recent July bar exam (this is one time I'll pray the examiners were late in turning them in - we were set to meet in 2 weeks to go over the results). Will all of those new graduates have to retake the bar exam?

Two of the 4 law schools in Louisiana are located in New Orleans (Loyola and Tulane - the 2 private ones that students have already paid about $8,000+ for this semester to attend). Another 1,000+ lawyers-to-be whose lives have been detoured. I've contacted professors at both schools but they can't reach anyone at those schools and don't know the amount of damage they've taken. Certainly, at least, this semester is over. I'm trying to reach the Chancellor's at Southern and LSU here in Baton Rouge to see if there's anything we can do to take in the students and/or the professors. I think I mentioned before, students from out of state have beens stranded at at least 2 of the other universities in New Orleans - they're moving up floor after floor as the water rises. Our local news station received a call from some medical students at Tulane Medical Center who were now on the 5th floor of the dormitories as the water had risen. One of them had had a heart attack and they had no medical supplies and couldn't reach anyone - 911 was busy, local law enforcement couldn't be reached, they were going through the phone book and reached a news station 90 miles away!! It took the station almost 45 minutes to finally find someone with FEMA to try to get in to them!!

And, then, there are the clients whose files are lost, whose cases are stymied. Their lives, too, are derailed. Of course, the vast majority live in the area and that's the least of their worries. But, the New Orleans firms also have a large national and international client base. For example, I received an e-mail from one attorney friend who I work with on some crucial domestic violence (spousal and child) cases around the nation - those clients could be seriously impacted by the loss, even temporarily, of their attorney - and he can't get to them and is having difficulty contacting the many courts around the nation where his cases are pending. Large corporate clients may have their files blowing in the wind where the high rise buildings had windows blown out.

I woke up this morning to the picture of Veteran's Blvd which made me think of my students who just took the bar. My thoughts wandered from there to the effect on the Disciplinary Offices. Then my thoughts continued on. I'm sure I'm still missing a big part of the future picture. It's just devastating. Can you imagine something of this dimension in your state?

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There was a time in the not so distant past that hurricane relief meant turning down a refill on your hurricane at Pat O's in the French Quarter so that you could toddle off to the next bar. I hope we see those days again.

In the meantime, a lot of people are putting their money where their mouths are:

Michele has things up for auction to benefit the victims

and

Phin is put up for auction a web re-design.

Kathy has a good post on disaster relief, including a reminder that the American Red Cross has nothing to do with the International Red Cross, an important reminder for those of us who dislike the IRC.

Finally, I direct you to Little Green Footballs for a huge collection of links to charities.

For me, personally, I intend to wait a little before donating. I want to see where I think I can send my money to do the most good. At the moment, I don't have a clear idea so I will sit back a bit. I have emotional and real connections to the town and its people and there are local charities, local institutions, which may have first claim on me. I'm waiting to see what they need.

In the meantime, I understand that all of my friends are safe, or they were two days ago. I am very thankful. Very thankful, indeed.

Posted by: Random Penseur at 09:46 AM | Comments (2) | Add Comment
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