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#23
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On 1/25/11 9:57 AM, I am Tosk wrote:
Harry is a thief. He helped bilk millions from the Uuilco retirees. We can only guess who's money he's been spending on boats, decks, and gas grills lately. Probably got his mits into all that payoff money Obama gave the labor unions and auto manufacturers retirements fund payoffs... Listen up, Scotty Ingersoll. I know you are dumber than a pile of dog ****, and I know you've seen this before, but obviously you didn't understand it. *No* retiree whose retirement was in any way secured by ULLICO's investments of pension funds lost a penny of their retirement's value or income because of alleged "insider" stock transactions. Members of the ULLICO board of directors and a few very senior staff people (and I was not part of either of those groups) were allowed to purchase and sell shares of ULLICO stock. Some of them made serious dinero over what could have been called insider stock trading, if ULLICO had been a publicly owned company. But, ULLICO was and is a closed corporation whose shares are closely held, mostly by those in the pension fund business. Those who made those profits shouldn't have done it, even though the firm's outside counsel said they could, and they had to pay back the profits they made. Be that as it may, none of that trading had anything to do with the investments of retiree funds the company handled. Not a single dollar was "bilked" from any "ULLICO retirees." You really are an ignorant little ****, aren't you? |
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