YEP YOU READ THE HEADLINES RIGHT.I GUESS ITS A CASE OF FAT CATS HELPING FAT CATS UNTIL OUTRAGE REACHES A PEAK?…….AND THIS IS TAKING PLACE WHILE THEY CONTINUE TO SUFFER BUDGET GAPS AND SERVICES AND PAY CONTINUES TO GET REDUCED.BUT THAT REALLY DOESN’T MATTER BECAUSE…..THEY CAN ALWAYS FIND A LITTLE CHANGE IN THE COUCH FOR GOLDMAN SACHS!
Goldman Sachs Still Paid for Swaps on Redeemed Bonds (Update2)
By Dunstan McNichol
Oct. 23 (Bloomberg) — New Jersey taxpayers are sending almost $1 million a month to a partnership run by Goldman Sachs Group Inc. for protection against rising interest costs on bonds that the state redeemed more than a year ago.
The most-densely populated U.S. state is making the payments under an agreement made during the administration of former Governor James E. McGreevey in 2003, when New Jersey’s Transportation Trust Fund Authority sold $345 million in auction-rate bonds whose yields fluctuated with short-term interest costs. The agency finances road and rail projects.
“This vividly shows the risk of entering into interest- rate swap agreements,” said Christopher Taylor, former executive director of the Municipal Securities Rulemaking Board in Alexandria, Virginia. “The world’s got to see what stupidity even the sophisticated investors like the transportation fund can get into.”
While New Jersey replaced the debt with fixed-rate securities in 2008 after the $330 billion auction-rate bond market froze, the swap — in which two parties typically exchange fixed payments for ones based on floating interest rates — isn’t scheduled to expire until 2019. Continue reading
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Topic: Part 2- The history of the “Jews”: (Read 107 times)
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||Part 2- The history of the “Jews”:
« on: Apr 26th, 2004, 7:35pm »
by: Ahmed El-shabazz
This history of the 6,690 years began in 4,404 B.C., the years in which the first so-called white people made their appearance. According to the teaching of Master W. Fard Muhammad (The Great Mahdi), the so-called white race were “made” or “grafted” from the Original Man, (Black Nation).
A fact of history known only to top scholars and scientist until the coming of the Great Mahdi Muhammad and taught for 44 years by the Honorable Elijah Muammad stated that Dr. Yakub a black scientist and leader of a rebellion against our ,black people , was the father of the Caucasian Race. In 4,604 B.C. Dr. Yakub and 59,999 of his followers were exiled to the Island of Pelan located in the Aegean Sea it was there or the Island of Pelan or Palmas as it is called today. That Dr. Yakub began the process of “getting” or selective breeding, which produced the race we now call white. It took 600 years for this project to be completed, Dr. Yakubs lived only 150 years, his followers completed the project in 4,004 B.C.
For more detailed stuffy of the beginning of the white race I suggest the readers study the Hon. Elijah Muhammad’s book Message to the Black Man (1964) and Mr. Paul Lawrence’s The Making Whiteman (1992).
The point of this article is to clear up the myth that the “Jews” are some how a different race “scientific” and not apart of the so-called white race. We know that after Dr. Yakub’s made race come about around 4,004 B.C. War broke out in and around Egypt and Arabia when groups of whites invaded and caused trouble. The king of that time had the white invaders rounded up and exiled to what we now call Europe
Continued at http://salaamjournal.org/yourvoice.html Continue reading
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