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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 3:16:48 PM   
FirmhandKY


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quote:

ORIGINAL: DomYngBlk

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: DomYngBlk

What I find hilarious is that everytime you are asked for proof of anything you revert to calling names and never ever offer any proof of your position. Put up or shut up...or better still go get treasure so she can sort it for you.....

Post 76.

Engage brain before opening mouth

Firm


 
Did, you should try the same mr. phd

poopie head! 

In all seriousness, YBD, and in reference to your post just previous to the one quoted here  ... the facts are the facts.  The reasons for the facts are what is in dispute.

My belief is that it is Democrat, and specifically liberal policies that are the primary causes of such things.  You believe that it is conservative or Republican policies that are the primary causes of such things.

What we should then be discussing (not arguing) is the underlying philosophies and why we believe what we believe, and perhaps we might find out how to achieve better policies.

Firm


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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 3:17:54 PM   
mnottertail


Posts: 60698
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Status: offline 		Clearly it was an issue for asswipes and rushfelching shitweasels is all. Just ignorant shitbreathers who cant do their job in the house.

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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 3:21:52 PM   
FirmhandKY


Posts: 8948
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quote:

ORIGINAL: DomYngBlk

Hell you live in Kentucky look around bubba

I live in an exclusive Atlanta suburb (in Fulton County).

My next door neighbor is a black couple.  The house across the street has a nice Muslim family.  There is an Indian family a couple of house over, and a Puerto Rican family down three house.

We are all successful, and the police treat us all with respect.

It's not primarily about race or nationality, most of the time, any more.  It's about culture and attitude.

Firm


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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 3:41:03 PM   
EternalHoH


Posts: 791
Joined: 5/30/2010
Status: offline 		According to our buddy from the land-o-timber, there is no such thing as a Wall Street casino.  That's simply "wild-eyed leftist propaganda".

http://www.collarchat.com/m_3814773/mpage_5/key_/tm.htm#3816963


The Parry deal is merely Dead Peasants Insurance with a derivatives twist.  What's a little gambling to close that budget gap?

Hey, at least he is seeking permission beforehand.  The rest don't.



quote:

ORIGINAL: Lucylastic

Back on the Perry bashing... this just in.....

WASHINGTON -- Two weeks before Thanksgiving in 2003, top officials from Texas Governor Rick Perry's office pitched an unusual offer to the state's retired teachers: Let's get into the death business.

Perry's budget director, Mike Morrissey, laid out a pitch that was both ambitious and risky, according to notes summarizing the meeting provided to The Huffington Post.

According to the notes, which were authenticated by a meeting participant, the Perry administration wanted to help Wall Street investors gamble on how long retired Texas teachers would live. Perry was promising the state big money in exchange for helping Swiss banking giant UBS set up a business of teacher death speculation.

All they had to do was convince retirees to let UBS buy life insurance policies on them. When the retirees died, those policies would pay out benefits to Wall Street speculators, and the state, supposedly, would get paid for arranging the bets. The families of the deceased former teachers would get nothing.
http://www.huffingtonpost.com/2011/08/25/rick-perry-texas-life-insurance-scheme_n_935666.html


What a sweetie

(in reply to Lucylastic)
Profile   Post #: 104
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 4:03:36 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline 		Nothing Ive read about the teachers life insurance deal says Perry was directly involved. It was also a stupid idea for 2 reasons...first, you cant "profit" by buying life insurance policies for a large number of people. Insurance companies arent that stupid. You may get lucky if you pick up a bunch of people who are unhealthy and the insurance company doesnt know it, but the more people you insure the less chance of profit there is. second, owning a life insurance policy on someone else requires that you have an insurable interest in their living...ie economic loss if they die. The state would have no economic interest in retired teachers continuing to live.

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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 4:22:44 PM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		maybe they were instituting death panels down there....

He didnt do well in economics based classes, he could have easily fell for that.

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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 4:28:40 PM   
EternalHoH


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quote:

ORIGINAL: willbeurdaddy

second, owning a life insurance policy on someone else requires that you have an insurable interest in their living...ie economic loss if they die. The state would have no economic interest in retired teachers continuing to live.



Under regulated insurance rules, yes.  When derivatives are used, there are no such regulations.

As was mentioned yesterday, certain elements of our insurance laws do not apply to the elites. They have their own parallel unregulated insurance instruments that are exempt from regular (regulated) insurance laws.



(in reply to willbeurdaddy)
Profile   Post #: 107
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:00:16 PM   
Sanity


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All you need top know about THAT fake news story

quote:

according to notes summarizing the meeting provided to The Huffington Post.


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Profile   Post #: 108
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:10:03 PM   
willbeurdaddy


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quote:

ORIGINAL: EternalHoH

quote:

ORIGINAL: willbeurdaddy

second, owning a life insurance policy on someone else requires that you have an insurable interest in their living...ie economic loss if they die. The state would have no economic interest in retired teachers continuing to live.



Under regulated insurance rules, yes.  When derivatives are used, there are no such regulations.

As was mentioned yesterday, certain elements of our insurance laws do not apply to the elites. They have their own parallel unregulated insurance instruments that are exempt from regular (regulated) insurance laws.





They wont hold up even if a market developed for them.


_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

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Profile   Post #: 109
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:13:00 PM   
kalikshama


Posts: 14805
Joined: 8/8/2010
Status: offline 		"Dead Peasants." That's despicable.

Gramm had made six-figure campaign contributions to Perry's campaign and had been -- and may still be -- one of Perry's most trusted political allies and personal mentors. "Perry worships at [Gramm's] feet, intellectually," said one semi-retired political consultant in Austin. "He considers Gramm an economic genius."

After lending political aid to Perry, Gramm was poised to make a fortune from the life insurance deal. His role in the scheme had the appearance of banal corruption and cronyism. Although Gramm wasn't in on the first meeting with teacher groups, he played an active role in subsequent efforts to push the scheme.

It was Gramm who could make the plan a financial reality. He left the U.S. Senate in November 2002 for a lucrative vice president post at UBS. After Morrissey, Montemayor and Perry budget aide Brian Guthrie first articulated the plan on Nov. 12, Gramm came to Austin to help push the deal. That move eventually prompted Texas Democrats to file an ethics complaint against Gramm for making a the pitch without registering as a lobbyist.

Gramm was hoping to put together a new package of complex assets for speculators to gamble on. Corporations had been using mass purchases of life insurance policies on their employees for years as part of an elaborate tax avoidance scheme (the government doesn't tax insurance premiums or death benefits). The employees themselves -- affectionately referred to as "dead peasants" among insurance experts -- received no benefit. Only the companies who bought the policies would receive payouts when these "peasants" died. Gramm wanted to convince investors to bet on peoples' lives by purchasing pools of life insurance and annuities taken out on individuals.

(in reply to EternalHoH)
Profile   Post #: 110
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:21:08 PM   
FirmhandKY


Posts: 8948
Joined: 9/21/2004
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quote:

ORIGINAL: mnottertail

Well, shit, hit threads are not confined to Mr Perrys foibles.

No disagreement.

But the point is, if it is just a hit thread, then people who disagree can certainly work it from the other side, or at least point it out.

Firm


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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:34:45 PM   
Lucylastic


Posts: 40310
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quote:

ORIGINAL: Sanity


All you need top know about THAT fake news story

quote:

according to notes summarizing the meeting provided to The Huffington Post.


I await your proof that its fake with baited breath

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Profile   Post #: 112
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:36:10 PM   
DomYngBlk


Posts: 3316
Joined: 3/27/2006
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quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: DomYngBlk

quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: DomYngBlk

What I find hilarious is that everytime you are asked for proof of anything you revert to calling names and never ever offer any proof of your position. Put up or shut up...or better still go get treasure so she can sort it for you.....

Post 76.

Engage brain before opening mouth

Firm



Did, you should try the same mr. phd

poopie head! 

In all seriousness, YBD, and in reference to your post just previous to the one quoted here  ... the facts are the facts.  The reasons for the facts are what is in dispute.

My belief is that it is Democrat, and specifically liberal policies that are the primary causes of such things.  You believe that it is conservative or Republican policies that are the primary causes of such things.

What we should then be discussing (not arguing) is the underlying philosophies and why we believe what we believe, and perhaps we might find out how to achieve better policies.

Firm



Fundamentally we are all one country. We should try to do right but everyone and quit worrying about what each of us got or ain't got. Simple enough philosophy. Its the practice of it that gets in peoples way.

Liberals are all about cutting a slice of the pie for everyone.  That the guy that runs the bus in the morning is just as important as the person ringing the bell on wall street that day.

Liberals believe in the possibilities of everyone

Liberals believe in educating and education. Believe in intelligence and listening to those that have it.

Liberals believe that the extra grand or two out of your pocket every year WILL do great good

Liberals believe in righing injustice.

Just a few off the top of my head. I am sure there are many more


(in reply to FirmhandKY)
Profile   Post #: 113
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:37:13 PM   
DomYngBlk


Posts: 3316
Joined: 3/27/2006
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quote:

ORIGINAL: FirmhandKY

quote:

ORIGINAL: DomYngBlk

Hell you live in Kentucky look around bubba

I live in an exclusive Atlanta suburb (in Fulton County).

My next door neighbor is a black couple.  The house across the street has a nice Muslim family.  There is an Indian family a couple of house over, and a Puerto Rican family down three house.

We are all successful, and the police treat us all with respect.

It's not primarily about race or nationality, most of the time, any more.  It's about culture and attitude.

Firm



You are white, you'd say that

(in reply to FirmhandKY)
Profile   Post #: 114
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:37:34 PM   
PeonForHer


Posts: 19612
Joined: 9/27/2008
Status: offline 		Quick thread-jack

Lucy, where the *hell* do you get the butt-pics?

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Profile   Post #: 115
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 5:40:49 PM   
Lucylastic


Posts: 40310
Status: offline 		my porn collection :)

_____________________________

(•_•)
<) )╯SUCH
/ \

\(•_•)
( (> A NASTY
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(•_•)
<) )> WOMAN
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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 6:03:46 PM   
outhere69


Posts: 1302
Joined: 1/25/2011
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quote:

ORIGINAL: EternalHoH
quote:

ORIGINAL: willbeurdaddy
second, owning a life insurance policy on someone else requires that you have an insurable interest in their living...ie economic loss if they die. The state would have no economic interest in retired teachers continuing to live.


Under regulated insurance rules, yes.  When derivatives are used, there are no such regulations.

As was mentioned yesterday, certain elements of our insurance laws do not apply to the elites. They have their own parallel unregulated insurance instruments that are exempt from regular (regulated) insurance laws.


Once upon a time, there was a scandal when Walmart did this...about 10 years ago, I think.

Many threads ask opinions or discuss public figures; that doesn't make it a hit thread. I'm personally uncomfortable for Perry's very close ties to dominionist Christianity, which isn't your daddy's fundamentalism. It's way righter than that. I've read posters from Texas on other sites that feel he's trashed the state with all the budget cuts while taking great pride in the whole tax-free thing. Any state that doesn't collect an income tax finds all sorts of ways to make up for it; fees, local property taxes, etc.

Governing is about more than religion - if that's your sole basis for a claim to governing, something's wrong, IMHO. Especially if your religion regards all others who believe something different than your special version of Christianity are immoral, amoral, and not fit to hold office.

BTW Sanity, Judaism states that the righteous (of any faith) have a place in the world to come.

(in reply to EternalHoH)
Profile   Post #: 117
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 6:18:21 PM   
EternalHoH


Posts: 791
Joined: 5/30/2010
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quote:

ORIGINAL: willbeurdaddy


They won't hold up even if a market developed for them.




These policies are not being paid out of the meager premiums paid in, where there is a 1-to-1 ratio of income sources to outgoing payout for the insurance company.

They are handing these contracts off to their internal "bookie department", and that bookie department takes in betting revenue well beyond that 1-to-1 income source ratio, which is why they are SO lucrative for the insurance companies. As a hypothetical example, its like collecting premiums from 50 sources instead of one (of which 49 are going to lose their bet), while still only having to make one payout (to the one winner). The 'market' for such high level games of chance is rather huge.  Just how do you think those bankster bonuses get funded amid this fucked up economy?

And in the Parry case, all the gamblers have pre-agreed that the one winner will pay the State of Texas a fee for the privilege of gambling on the life-and-death outcomes of their retired teacher peasants.  Parry is probably selling the deal to the retirees on the premise of letting their death translate into cash for their financially strapped school systems. And the state is not wagering any money themselves, they are not one of the active gamblers, so there is no risk (other than bad PR) and nothing but fee-based rewards for the state.

The role of Texas is rather "Fannie & Freddie like". All Texas is providing is the betting fodder (the retired teachers), while Fannie & Freddie provided the sub-prime mortgage betting fodder, with those GSE's walking away with their fee for services rendered, too. But instead of gambling over loan defaults, here they are gambling over life expectancy.


You know, for somebody apparently so astute in money issues, you show signs of obvious tripping when it comes to "Concepts of Financial Engineering 101"







< Message edited by EternalHoH -- 8/25/2011 7:02:41 PM >

(in reply to willbeurdaddy)
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RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 7:19:28 PM   
Kirata


Posts: 15477
Joined: 2/11/2006
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Status: offline
quote:

ORIGINAL: DomYngBlk

So you are going to tell me you don't build bigger prisons to put us in?

"You" and "us" eh?

quote:

ORIGINAL: DomYngBlk

You are white, you'd say that

Yeah, that must be it.

K.

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Profile   Post #: 119
RE: Rick Parry: Climate Change is a Cult -- holds praye... - 8/25/2011 7:38:44 PM   
TreasureKY


Posts: 3032
Joined: 4/10/2007
From: Kentucky
Status: offline
quote:

ORIGINAL: DomYngBlk

You are white, you'd say that


Hmmm... should I say, "You are black, you'd say that"?

Who is the racist here? 

By the way, just where did you get the idea that Firm is white?


< Message edited by TreasureKY -- 8/25/2011 7:39:27 PM >

(in reply to DomYngBlk)
Profile   Post #: 120
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