RICK PERRY The SUPER Ghoul:
source: http://tinyurl.com/3d6e6be
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- LOrion
- added this
Writing for the Huffington Post, reporters Jason Cherkis and Zach Carter published a jaw-dropping story yesterday about a scheme by Gov. Rick Perry (R-TX) to “set up a business of teacher death speculation.” Perry and his officials entered negotiations in 2003 with the Switzerland-based multinational bank UBS to allow the firm to buy life insurance policies on public teachers, then package the policies into securities that could be sold to speculators across the world. As teachers died, the securities would become profitable, and the money from the plans would be split between UBS and the Texas government.
An intriguing twist to the story is former Sen. Phil Gramm (R-TX), who joined UBS as a top executive after he left the Senate and has served as a political mentor to Perry since the late ’80s. Gramm, an architect of Wall Street deregulation while in Congress, aggressively lobbied the “gruesome” deal:
Gramm and UBS had concocted a gruesome combination of what are now regarded as two of the most infamous Wall Street scams on record. The resulting package closely resembled the growing market for mortgage-backed securities, but instead of allowing Wall Street to bet on peoples’ homes, it would enable bets on peoples’ lives. [...]
http://tinyurl.com/3d6e6be
An intriguing twist to the story is former Sen. Phil Gramm (R-TX), who joined UBS as a top executive after he left the Senate and has served as a political mentor to Perry since the late ’80s. Gramm, an architect of Wall Street deregulation while in Congress, aggressively lobbied the “gruesome” deal:
Gramm and UBS had concocted a gruesome combination of what are now regarded as two of the most infamous Wall Street scams on record. The resulting package closely resembled the growing market for mortgage-backed securities, but instead of allowing Wall Street to bet on peoples’ homes, it would enable bets on peoples’ lives. [...]
http://tinyurl.com/3d6e6be
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Changes2Pac
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The rich gets richer and the poor gets poorer. That should be his official campaign statement.
- 9 months ago
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Changes2Pac
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Milieu
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'Bout what you'd expect from the Republic Syndicate.
- 9 months ago
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Milieu
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LOrion
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Teachers were to be paid $50 to $100 to sell their lives to the TEXAS Government!
- 9 months ago
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LOrion
