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February 24, 2012

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POST-GAZE&apos;I-rE, FEBRUARY 24, 2012 Page3 POST-GAZETTE Pamela Donnaruma, Publisher and Editor 5 Prince Street, P.O. Box 130135, Boston, MA 02113 617-227-8929 617-227-8928 FAX 617-227-5307 e-mail: Website: Subscriptions in the United States $30.00 yearly Published weekly by Post-Gazette, 5 Prince St., P.O. Box 130135, Boston, MA 02113 USPS 1538 - Second-Class Postage paid at Boston, MA POSTMASTER: Send address changes to the POST-GAZgITE - P.O. Box 130135, Boston, MA 02113 James V. Donnaruma Caesar L. Donnaruma Phyllis F. Donnaruma 1896 to 1953 1953 to 1971 1971 to 1990 Vol. 116 - No. 8 Friday, February 24, 2012 OUR POLICY: To help preserve the ideals and sacred traditions of this our adopted country the United States of America: To revere its laws and inspire others to respect and obey them: To strive unceasingly to quicken the public's sense of civic duty: In all ways to aid in making this country greater and better than we found it. GUEST EDITORIAL BLAME THE GOVERNMENT TOO by Sal Giarratani President Obama has blamed banks and financial institutions on Wall Street for the economic meltdown. Why were banks handing out toxic mortgage loans to people who couldn't afford such loans? Why did they think it was okay to potentially destroy people's minds? Greed, greed and more greed! Nowhere in his State of the Union address did he mention the role of Congress in these bad loans. Banks were reportedly pressured into handing out loans to minority groups to make them homeowners. Congress didn't seem to care that people who shouldn't be getting mortgages would be getting them. Fannie and Freddie backed up the loans. If the homeowners went side- ways on their mortgage payments, the feds guaran- teed banks not to worry about losing money. We're here saying we'll back up the defaults. No problem here. HoVcever;' there was a prdblem as<more and more homeowners who were financially unqualified to pur- chase homes were encouraged by government lend- ing policies and pressure on banks to make loans or face charges of racial discrimination under the government's Community Preservation Act first en- acted during President Jimmy Carter's tenure in the White House and then strengthened in 1995 by the Clinton Administration. PERAC:'s t.;hairman Russo Sworn-in by Speaker DeLeo Unanimous Choice of PERAC's Commissioners for a Third Term The Honorable Domenic J. F. Russo of Winthrop, accompanied by his wife Mrs. Rose Marie Russo, was sworn-in as Chairman of the Public Employee Retirement Admin- istration Commission (PERAC) by the Honorable Robert A. DeLeo, Speaker of the Massachusetts House of Representatives at the Speaker's State House office. Judge Russo will be serving his third consecutive term as Chairman. His swearing-in follows Judge Russo's unanimous selection on Oc- tober 24, 2011 by the six other PERAC Commissioners. Judge Russo is the retired First Justice of the East Boston Division of the District Court Department of the Trial Court of Massachusetts. Previously, Judge Russo served as First Justice of the Milford Divi- sion of the District Court Department of the Massachusetts Trial Court and Managing Justice of the following: Peabody, District Court Department Jury of Six Sessions; Lawrence, District Court Department of the Massachusetts Trial Court; and Lynn, Dis- trict Court Department of the Massachu- setts Trial Court. Judge Russo attended Boston University and Boston University School of Law and is a retired Lieutenant Commander of the United States Naval Reserve. PERAC's Executive Director Joseph E. Connarton commented on Judge Russo's swearing-in: I know that I speak for his fellow Commis- sioners and the entire PERAC staff in express- ing our congratulations to Judge Russo on his reelection and swearing-in by Speaker DeLeo as PERAC's Chairman. It has been a pleasure for the staff to work for and with Judge Russo during his first two terms and we look forward to working with him during his current term as we confront the always challenging pension- related issues in the Commonwealth. Judge Russo has overseen many impor- tant policy decisions while serving at PERAC. These include the development of major policy guidelines concerning retire- ment board investments in the emerging field of hedge funds and a major policy con- cerning the use of placement agents by Mas- sachusetts retirement systems. He also oversaw staff policy development, Advisory Committee deliberations and legislative drafting, introduction and now passage of perhaps the nation's most wide-ranging retirement board governance structure. This comprehensive governance regimen was signed into law on November 18, 2011 by Massachusetts Governor Deval Patrick as part of the major pension reform act, Chapter 176 of the Acts of 2011. . The "'Shoe" IS BACK! Johnny "Shoes" Cammaratta is back at his barber chair down at Johnny & Gino's on Hanover Street in the North End after recuperating since late last year from an injury. He's glad to be back in the saddle again. (Photo by Sal Giarratani) ANDREA COSTA Lena Assenza Named Augusta Boston Club "Man of the Year" April 23, 1927 - October 25, 2011 stated President Morello. Andrea has been a mem- ber of Augusta Clubs since 1988 holding many posi- tions. He was the first Au- gusta Boston Club president and served for six years from 2002-2008. He also served as Vice President, Trustee, Cultural Committee Chair- man, and currently holds the t positions of Chairman of the Festivities Committee and Corresponding Secretary. He came to the United States in December 1954 at the age of 17 and settled in the West End of Boston. He served two years in the BROKEN CHAIN Armed Forces of the United I States from 1962 to 1964. He We little knew that morning that God was going traveled back to Augusta, to call your name. In life we loved you dearly, I-R: Victor Gabriello, Saivatore Bramante, Andrea Costa, Sicily in 1964 to marry Maria Teresa, returning in death we do the same. Joseph MoreUo and Giuseppe Lanzerotta. with his wife to the Boston It broke our hearts to lose you, you did not go alone; Andrea Costa received the with many members and area to raise their family of i! for part of us went with you the day God called you "Man of the Year Award" for friends in attendance, four children, three boys and ; home. You left uspeaceful memories, your love is still the second time from the thanked brother member one girl. He has nine grand- Augusta Boston Club at Andrea for his hard work and children. After many years, ourguide, andthough we cannot seeyou, their Annual Christmas willingness to help in order Andrea returned to his na- You are always by our side. Dinner Dance at the Sons of to keep the club going tive town of Augusta with his Our family chain is broken and Italy Hall in Woburn. It is an smoothly. "Every organiza- wife Maria Teresa in 2010 award given to a member tion needs members that are for a vacation during the nothing seems the same, but as God calls us who goes above and beyond willing to devote countless feast of Augusta's patron one by one the chain will link again, to help the club, and who hours to ensure the success saint, Saint Domenic. An-  works hard in any capacity of the organization and its drea is now enjoying his re- i RonTranmer that he is needed. President activities. Andrea Costa is tirement in the town of Pelham, New Hampshire. Ii _ _t ................................... Joseph Morello, together that. type of individual," ..... ........... '-": " ": i, ; "--r7 : ' '. ':''+ .>J." ';;'t "',] { :'7"TI 7' =i7, '7 ,1,'77 i77,111111'r ,I I'::  :qit!,7ii (!fill II I' #ll#lgl: '!|--- --:2 :