Skip to Content.
Sympa Menu

homestead - Re: [Homestead] 2.5 billion bonus for Lehman Bros

homestead AT lists.ibiblio.org

Subject: Homestead mailing list

List archive

Chronological Thread  
  • From: "Lynda" <lurine AT softcom.net>
  • To: <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] 2.5 billion bonus for Lehman Bros
  • Date: Mon, 22 Sep 2008 10:00:18 -0800

O.K., why is anyone surprised. Does everyone sooooo quickly forget the whole savings and loan debacale? Does no one remember the Milken brothers? The Milken brothers who took that money and are now making millions if not billions off the government selling K12? Or Bush Baby who made money off the savings & loans? He got 10% of the $$ from USAT with good ol' Hurwitz. Or Bush Baby's brothers who made money off the savings & loans failures?

And I don't know about this list but I told everyone more than a decade ago, I think it was whatever we had back before OneList, what ol' Hurwitz (USAT) would do with the money he got out of the S & L junk bonds crap.

Hey Rob, you should be familiar with ol' Hurwitz. He bought Kaiser Aluminum up there with some of the money. Another leveraged buy out. And most the ladies on the list will know who else he leveraged out with the junk bond money, Simplicity Patterns. AND, in my home, he did Pacific Lumber. ALL of those folks lost their pensions because Hurwitz/Maxxam first raided the pensions to the tune of $55 million of PALCO funds (don't have the $$ amounts on the other two) and then put the money under the management of Magnetek Inc. who rolled it over to Executive Life Insurance Company who only paid 70 cents on the dollar and eventually was seized by regulators.

So, the Kaiser folks are union and they go out on strike. When that is settled, Hurwitz "punishes" the employees by shutting the plant for 3 months. He was one of the biggies that was part of the supposed energy crisis here. He took all the "energy" he would have used and sold it to CA for millions.

At anyrate, Hurwitz leveraged the companies with the S & L money, then debt loaded them, raided the pensions and filed bankruptsy on the companies.

And you guys in Arizona ought to know him. You must have heard of Horizon Corp? More S & L money.

ALL that money, all those assets purchased with it and the Attorney General NEVER went after him for ONE SINGLE DIME!

Oh yeah, the DC whorehouse does NOT learn from history! Or could it be that they are all arse deep in all of this?

Lynda

----- Original Message ----- From: "bob ford" <bobford79 AT yahoo.com>


Lehman Bros New York employees to split $2.5 billion dollar bonus. This keeps getting better and better. These monkey boys, are splitting Billions, as they wreak havoc on the pension plans of working people and the perceived assets of millions of citizens.

The average salary ,including secretaries ,of the super central banking bast*rds at Goldman Sachs is $521,000 per annum,

No one is going to jail, instead they are being rewarded and are now advising politicians on how to correct the problem they created. A 19 year old kid will do time in a cage for stealing a $1.99 six pack of beer and running out of the quick mart. These thieves are rewarded for destroying hundreds of billions of value in other people's assets. I feel like I'm living in a cartoon .....bobford






Archive powered by MHonArc 2.6.24.

Top of Page