Wayne B wrote:
On Sun, 24 Apr 2011 08:36:48 -0400, Gene
wrote:

uh no. it's speculators. they caused a similar run up under the white
guy who preceded the guy you hate because he's black
Damn speculators.

Why aren't more people doing it? Let's go halves on a tanker load and
resell it on EBAY. Anybody else want in on the deal? We're going to
need a dock, tank farm, distribution network, trucks, pipelines and a
whole sh*t load of permits. With some help from Wall Street we can
probably get 90 day financing.
Sorry, you are too late..... the guys that already had all of that are
reaping all the profits...... re-read that thing about frugality....
proactiveness is number one.....

Holding a big inventory of oil in your tank farm is not without risk
and it takes massive investments in time and money to build the
infrastructure. Not surprisingly, the people who make those
investments expect to earn a profit once in a while.



I haven't seen anyone suggesting earning a profit is illegal or immoral.
Questions arise when those profits become synonymous with rip-off, and
that's what the petrol industry is doing, ripping us off.

In article , payer3389
@mypacks.net says...

Wayne B wrote:
On Sun, 24 Apr 2011 08:36:48 -0400, Gene
wrote:

uh no. it's speculators. they caused a similar run up under the white
guy who preceded the guy you hate because he's black
Damn speculators.

Why aren't more people doing it? Let's go halves on a tanker load and
resell it on EBAY. Anybody else want in on the deal? We're going to
need a dock, tank farm, distribution network, trucks, pipelines and a
whole sh*t load of permits. With some help from Wall Street we can
probably get 90 day financing.
Sorry, you are too late..... the guys that already had all of that are
reaping all the profits...... re-read that thing about frugality....
proactiveness is number one.....

Holding a big inventory of oil in your tank farm is not without risk
and it takes massive investments in time and money to build the
infrastructure. Not surprisingly, the people who make those
investments expect to earn a profit once in a while.



I haven't seen anyone suggesting earning a profit is illegal or immoral.
Questions arise when those profits become synonymous with rip-off, and
that's what the petrol industry is doing, ripping us off.

Where do you draw the line? When do profits become synonymous with rip-
off?

What happens if you find out that some other industry is not ripping you
off but is over the line in profits?

BAR wrote:
In article8tqdned7uv_i2ynQnZ2dnUVZ_q6dnZ2d@earthlink .com, payer3389
@mypacks.net says...
Wayne B wrote:
On Sun, 24 Apr 2011 08:36:48 -0400, Gene
wrote:

uh no. it's speculators. they caused a similar run up under the white
guy who preceded the guy you hate because he's black
Damn speculators.

Why aren't more people doing it? Let's go halves on a tanker load and
resell it on EBAY. Anybody else want in on the deal? We're going to
need a dock, tank farm, distribution network, trucks, pipelines and a
whole sh*t load of permits. With some help from Wall Street we can
probably get 90 day financing.
Sorry, you are too late..... the guys that already had all of that are
reaping all the profits...... re-read that thing about frugality....
proactiveness is number one.....
Holding a big inventory of oil in your tank farm is not without risk
and it takes massive investments in time and money to build the
infrastructure. Not surprisingly, the people who make those
investments expect to earn a profit once in a while.


I haven't seen anyone suggesting earning a profit is illegal or immoral.
Questions arise when those profits become synonymous with rip-off, and
that's what the petrol industry is doing, ripping us off.

Where do you draw the line? When do profits become synonymous with rip-
off?

In regard to these big oil companies, I believe we crossed that line
years ago.

Further, there are so many ways to cook the books, so to speak, in
oil company bookkeeping, there's really no legitimate way to determine
what their real "profits" are. That's true, of course, with many larger
corporations, and their abilities to avoid paying taxes.

I'm beginning to believe we ought to get out of the business of giving
away our oil and gas via cheap leases so the oil companies can turn
around and rape us. There are other ways to "produce" the goods so that
the ownership and profits are there to benefit the country and its
citizens.

In article , payer3389
@mypacks.net says...

BAR wrote:
In article8tqdned7uv_i2ynQnZ2dnUVZ_q6dnZ2d@earthlink .com, payer3389
@mypacks.net says...
Wayne B wrote:
On Sun, 24 Apr 2011 08:36:48 -0400, Gene
wrote:

uh no. it's speculators. they caused a similar run up under the white
guy who preceded the guy you hate because he's black
Damn speculators.

Why aren't more people doing it? Let's go halves on a tanker load and
resell it on EBAY. Anybody else want in on the deal? We're going to
need a dock, tank farm, distribution network, trucks, pipelines and a
whole sh*t load of permits. With some help from Wall Street we can
probably get 90 day financing.
Sorry, you are too late..... the guys that already had all of that are
reaping all the profits...... re-read that thing about frugality....
proactiveness is number one.....
Holding a big inventory of oil in your tank farm is not without risk
and it takes massive investments in time and money to build the
infrastructure. Not surprisingly, the people who make those
investments expect to earn a profit once in a while.


I haven't seen anyone suggesting earning a profit is illegal or immoral.
Questions arise when those profits become synonymous with rip-off, and
that's what the petrol industry is doing, ripping us off.

Where do you draw the line? When do profits become synonymous with rip-
off?

In regard to these big oil companies, I believe we crossed that line
years ago.

Further, there are so many ways to cook the books, so to speak, in
oil company bookkeeping, there's really no legitimate way to determine
what their real "profits" are. That's true, of course, with many larger
corporations, and their abilities to avoid paying taxes.

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

I'm beginning to believe we ought to get out of the business of giving
away our oil and gas via cheap leases so the oil companies can turn
around and rape us. There are other ways to "produce" the goods so that
the ownership and profits are there to benefit the country and its
citizens.

Beyond cheap leases? Economics is beyond your ability to comprehend.

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.

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.

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.

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.

In article , 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

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



I didn't say there was "no" union corruption. I said it paled in
comparison to corporate corruption.

BTW, your cite proves my point:


Former Glass Workers President in Florida Sentenced
Submitted by Carl Horowitz on Fri, 04/15/2011 - 17:39

Glass Workers (GMP) On February 2, Karl Youngerman, former president of
Glass, Molders, Pottery, Plastics & Allied Workers International Union
Local 208, was sentenced in U.S. District Court for the Middle District
of Florida to five years probation for conspiracy to embezzle funds from
the Bradenton union in the amount of $18,218.91. He also was ordered to
pay restitution in that amount to Fidelity and Deposit Company of
Maryland. Youngerman had pleaded guilty in November. The guilty plea and
sentencing follow an investigation by the Labor Department's Office of
Labor-Management Standards.

---

Fidelity is the bonding company. It went after Youngerman, just as I
said the bonding companies do.

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

On 25/04/2011 8:27 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


Didn't do squat for NorTel, GMers, and others either. All those union
dues for nothing. Just feeds the corruption.

--
I can assure you that the road to prosperity is not paved with
fleabagger debt.

On 25/04/2011 7:41 AM, Harryk wrote:
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.

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.

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.

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.

Why do you think all the pension funds I have are in my name, in may
account and under my control? I wish I could get back CPP-SS and say
government, I will worry about myself thank you.

But I never counted on government, so when/if it comes, it will be
pocket change. Collect peoples money for 40 years then screw them --
from your own government.

Of course pensions are corrupt. I knew than 40 years ago.
--
I can assure you that the road to prosperity is not paved with
fleabagger debt.