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Maybe Victims of This Scam Should Be Locked Up, Too
Does anyone remember "Caspers Hotdogs"???? When I was a kid we went to that place and loved it. I think they are gone-sort of like Farrells Ice Cream (had one of those in Fashinion Valley next to the old theaters!) Those were very tasty!— February 20, 2009 11:40 a.m.
San Diego City Employees pension fund ailing
Mr. McGrory did set a floor in MP1 on the pension funding ratio to trigger a balloon payment. It was the Mayor and council who ignored it for their personal and political gain. In other words, once again, the bill was due, and the City, more specifically, it's elected leaders, decided they're did not want to pay for the party. ================================== Again, ther union is just as much at fault for not insisting the ballon payment be PAID. Not a one way street JW, sorry. BTW-I think McDorky said that if there was a ballon payment it would be no more than $25 million, and it turned out to be over $500 million. I don't know how you miss the mark by over 2,000% unless it was a scam from the get go. As for a guaranteed DB gov pension-here is a good read that blows that myth out of the water (if there is no money then there is no "guarantee"); http://libertyunbound.com/article.php?id=52— February 20, 2009 8:22 a.m.
Scoundrels sell Kendall Street home out from under owner
Soybeans! It is so crazy it might actually work! The problem with Roque is that he likes to litigate-and has the resources to. If you ended up in court with a quite title/adverse possession petition on one of his properties you may be there for a decade or more...lol. (BTW-his long running lawsuit with the City had been tossed out thanks to Aguirre- is that still in the court system??).— February 19, 2009 9:11 p.m.
San Diego City Employees pension fund ailing
Wow.....^^^^ JW is having another meltdown ^^^^^^! Relax JW-it's just the internet.— February 19, 2009 2:53 p.m.
San Diego City Employees pension fund ailing
Don- I'll makle the suggestion again, why don't you call up Jack McGrory and Susan Golding and see if they will comment on the pension mewltdown and see what their views are on the situation-including their roles in it.— February 19, 2009 12:20 p.m.
San Diego City Employees pension fund ailing
Don's response: The unions have enormous power, but I wouldn't call them fiduciaries. You can't be a fiduciary if you don't have control over the assets. It's just that simple. By JustWondering =============================== Actually Don's response was the union's Board of Directors DO have a fiduciary duty; "The board is a fiduciary. The unions have enormous power, but I wouldn't call them fiduciaries." Now JW, as I have stated, since the board represents the unions and does their bidding the unions do control their pension funds-through their BoD.— February 19, 2009 12:18 p.m.
San Diego City Employees pension fund ailing
The board is a fiduciary. The unions have enormous power, but I wouldn't call them fiduciaries. Best, Don Bauder By dbauder =================================== The Board of Directors of the unions had the fiduciary duty to properly manage the fund, and that by extenion means the unions, as the BoD are the unions representatives-although the rank and file does not owe a fiduciary duty per se. But don't tell me the pension underfunding could have gone through without complicity/approval of the unions. Just not true. Nothing like this could have even come close to passing without the unions playing along. Suggestion to Don; How about we get Don to interview Jack McDorky and Susan Golding, and see if they will make a public comment on their actions with the pensions, MP-I, MP-II and see if they feel they have any responsibility for the problems that have resulted/been encountered. OK, who is going to be Post #900????? Not me.— February 19, 2009 11:17 a.m.
San Diego City Employees pension fund ailing
Johnny uses jibe correctly in #876. Somehow, "vibe" is used in 877. Could be a typo. Best, Don Bauder By dbauder ======================= Yes, post #876 was JF using the word "jibe", and I typed it as "vibe". I don't know what jibe means, nor vibe for that matter. JW, can you help me out there, what does jibe mean???— February 19, 2009 11:10 a.m.
Weekday Warrioress
“Want help waxing your board?” ===================== LOL...that is hilarious!— February 19, 2009 11:06 a.m.
San Diego City Employees pension fund ailing
Remember, it was your elected leaders, the management staff they hired and retained along with your elected City Attorney who proposed the underfunding in the first place. Do they hold any responsibility? ================================= JW-I already agreed with you on this point. I have said since the begining of time that Jack McDorky was by far the one most respopnsible for the pension crisis (as you have posted) because he came up with the scam- and that is exactly what it turned out to be a huge scam. Now having laid the majority of the scam on McDorky, the pension fund could have, and should have, refused to play ball with him. They could have said no, but the scam benefitted the unions as much as Golding-that's why they refused. The unions share a partial responsibility for that. A shared responsibility, not 100% (and I have never claimed the unions were the only party at fault).— February 19, 2009 7:44 a.m.