Homestead mailing list

["Lynda" <lurine AT softcom.net>]

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