Tag Archives: GRAND THEFT

THE STATE OF NEW JERSEY IS GIVING GOLDMAN SACHS $1MILLION A MONTH OF TAX PAYERS MONEY FOR INSURANCE ON BONDS THAT DON'T EXIST

GREETINGS,

 

  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

THE DEVIL….TRICKS BLACKS INTO EATING URINE STEW

GREETINGS,

THIS INFORMATION COMES FROM THE SALAAMJOURNAL ARCHIVES.BROTHERS AND SISTERS WE HAVE GOT TO HAS JUSTICE.WE HAVE BEEN AND STILL IS THE MOST HATED,MOST EXPLOITED,THE MOST KILLED,MOST EXPERIMENTED ON PEOPLE IN THE ANNALS OF HISTORY.AND WHAT’S REALLY AMAZING IS,WE ARE STILL HERE STILL GOING STILL STANDING.AND ON TOP OF BEING THE MOST DESPISE OF ALL PEOPLE IS THE FACT THAT WE ARE THE MOTHER AND FATHER OF ALL LIFE.

  THE BIBLE TEACHES YOU(RACES) TO HONOR THY MOTHER AND THY FATHER THAT THY DAYS MY BE LONG ON THE EARTH.IT TEACHES..THOU SHALT NOT KILL…YET WE ARE KILLED DAILY BY YOUR LAWS,SYSTEM,AND CORRUPTION ……………IT TEACHES THOU SHALL NOT STEAL BUT IF WE LOOK AROUND,THAT IS HOW EVERYONE ELSE CAME TO POWER AND POSSESSION OF FAR OFF LANDS… Continue reading

THE FINANCIAL CRISIS UNPLUGGED

GREETINGS

 

“The stated objective of the bank bailout programs is to alleviate the banks’ burden of bad debts and non-performing loans. Continue reading

A SIGN OF WHAT'S TO COME

GREETINGS,

 

I NOTICED HOW A MAN OR A WOMAN WHO IS FORCED TO STEAL A LOAF OF BREAD OR A COUPLE OF DOLLARS TO FEED HIS/HER FAMILY OR PAY A BILL IS NOT GIVEN ANY MERCY AND GETS HAULED OFFED TO JAIL WITH STIFF PENALTIES,BUT THOSE WHO DEFRAUD THOUSANDS TO STEAL MILLIONS OR BILLIONS GET NOTHING.

 THERE IS NO WAY A COMPANY WITH OVER 100 STORES AND THOUSANDS OF EMPLOYEES CAN TELL ME THAT THEY ALL OF A SUDDEN CAN’T PAY THE EMPLOYEES OR CAN PAY THEIIR HEALTHCARE OR CAN’T GIVE THEM A FEW WEEKS NOTICE OF TERMINATION OR CAN’T GIVE THEM THERE FINAL PAYCHECK THAT IS DUE TO THEM . THAT IS THEFT ON A GRAND SCALE.THAT IS FRAUD ON A GRAND SCALE.THAT IS STEALING ON A GRAND SCALE. Continue reading

U.S. AIRSTRIKE ON SOMALIA

GREETINGS,

  MAKE NO MISTAKE A BOUT IT,AMERICA IS TRYING TO SPREAD WAR TO STEP IN AS PEACE MAKER.SHE WANTS CONTROL OVER ONE OF THE MOST COVETTED STRATEGIC & RICHEST AREAS ON EARTH.HAV YOU EVER NOTICED HOW EVERY PLACE THAT AMERICA WANTS TO CONTROL THEY FIRST BECOME A THREAT OR TERRORISTS START RESIDING THEIR OR THE MEDIA STARTS TALKING ABOUT HUMAN RIGHTS?

 THAT IS WHY THEY KEEP TALKING ON PIRATES IN SOMALI WATERS.THE TRUTH IS SOMALIANS HAVE EVERY RIGHT TO BE “IN SOMILIAN WATERS” AND DETAIN ANY AND EVERY SHIP OPERATING NEAR THEIR SHORES.THE QUESTION WAS NEVER ASKED,”WHY ARE YOU IN OR NEAR THEIR TERRITORIAL WATERS OR ON THEIR SHORES FROM JUMP AND IF YOU WERE IN THEIR PLACE WOUNDN’T YOU DO THE SAME AS A MATTER OF SOVEREIGNTY AND TERRITORIAL RIGHTS?

 THIS IS JUST A PASSING HEADLINE.THE ANGLO NATIONS ARE OVER THEIR ILLEGALLY DUMPING TOXIC CHEMICALS IN THEIR WATERS.THEY ARE ILLEGALLY FISHING OFF THE SOMALI COAST STEALING OVER A BILLION DOLLARSA YEAR IN FISHING REVENUE(AS ITS UNPOLUTED WATERS HOLD MASSIVE AMOUNTS OF FISH AND WATER LIFE),THEIR ARE TRYING TO KEEP SOMALIA IN A PERPETUAL CIVIL WAR TO EXPLOIT THE HUGE UNTAPPED OIL AND GAS RESERVES IN ITS TERRITORIALS WATER WITHOUT PAYING.AND SOMALIA HAS UNTAPPED MINERAL RESERVES THEY WANT.

 BEAR ALL THESE THINGS IN MIND AS YOU READ BELOW Continue reading