On 25/04/2011 9:20 AM, OmDeFlume wrote:
On 4/25/2011 11:16 AM, OmDeFlume wrote:
On 4/25/2011 10:27 AM, BAR wrote:
In articleZ8ydnbWCF5ea5yjQnZ2dnUVZ_sednZ2d@earthlink .com, payer3389
@mypacks.net says...

BAR wrote:


They must have finally learned from the Union bookkeepers. How to
raid a
union pension fund and strike fund without going to jail.

Once again, you are betraying your ignorance. *All* union pension fund
officers have to be bonded. If there is a discrepancy in the pension
funds, the bonding company has to make it good. As it does, it gets in
contact with the prosecutors and pushes for criminal prosecution,
and it
usually gets its way.

Go tell it to someone who will believe you.

Further, because of the difficulty of being in full compliance with all
the federal laws that pertain to pension funds, most union pension
funds
retain professional administrators to handle the money and agree on
pension investments. These administrators are well aware of the many
federal regulations that pertain to pension funds, and they don't want
to go to jail, either.

Again, go tell it to someone who will believe you.

When you think of pension fund raiders, you should think of those
corporations that never bothered to fund their pension liabilities and
leave their retiring employees holding an empty bag. Or the
corporations
that go bankrupt and leave their pensioned employees and future
pensioned employees holding an empty bag.

I haven't been covered by a pension plan since 1986. When that one
closed down I used the money I received to start my IRA. Since then I
have been funding my own retirement.

All the union financial corruption in this country since the beginning
of unions here is a drop in the bucket compared to the dollar value of
corporate corruption and Wall Street corruption.

Union corruption is notorious and rampant.

http://nlpc.org/union-corruption-update



This is particularly disturbing. I wonder if Obama will sit down with
the members for a beer and a chat?
http://nlpc.org/union-corruption-update

I intended for you to see the UAW video. You need to scroll down a bit
to view it.

Love that web site. Tells it how it is. Big time corruption. But not
all of it belongs to UAW...they were in part used.

Saudi bin Laden and big billionaires invest in Carlyle. Even Bush has
ties there. Carlyle is a major player in GM and GM pension. See McCain
and Palin honest people come in strong, back Obama for the black vote
because he is a "friendly" to corrupt influences. So while Bush only
gave GM $13B to keep them going, and corrupt congress/senate didn't
scream misappropriation... well, Obama bailed them all out.

Huge corruption. Same reasons some banks got the bailout and others did
not, just depends who the big depositors and owners were.

It is why government should never be used to tax and saddle debt on
citizens for bailout corruption.

BT, GM stock was suffering before Japan, so as the site says, GM's
latest excuse.
--
I can assure you that the road to prosperity is not paved with
fleabagger debt.