Thursday, January 7, 2010

bloomberg pension

Nobody Asked Me, But . . . True News was First Before the Daily News Again Mayor Michael Bloomberg tears into rival Bill Thompson on pensions In this article the Daily News took credit for Bloomberg atacking Thompson on the pension funds because the paper said the mayor was responding to DN article that was written the day before that showed Thompson taking $158,000 from pension fund middlemen who won more than $2.2 billion in business with the city. On April 21, 2009 True News wrote The Wolf at Thompson's Door which exposed how Thompson was getting campaign contributions from former managers of his pension who after leaving his office became money man and received tens of millions from his office the same pension funds that they reorganized Thompson Pensions funds to make it more available to money manager type deals. Since that April story True News has written over a dozen stories about how Thompson has abused the pension funds offering many important leads that have not been follow up by the other papers or the campaigns. From True News "It was reported yesterday in the Times that it was under former top Thompson aide Josh Wolf-Powers’ advisement that Steven Rattner’s private investment firm Quadrangle Group hired the now-indicted Hank Morris as its placement agent. Rattner badly wanted to gain access to investment from the State’s pension fund and according to the Times, “Wolf-Powers told Mr. Rattner that he could not think of any investment firm that had persuaded the city’s pension fund to invest without using a placement agent.” Josh Wolf-Powers was his aid who left Thompson office and formed his own company and recieved pensions funds from the comprtoller. On August 18 the NYT reported that one quarter of the money Thompson raised came from people who do business with his office. On June 3 the Village Voice Robbins wrote how campaign consultants closed to Thompson not only acted as money managers with the city's pension funds but gave campaign contributions to the City Comptroller. The journalist culture which thinks they are the center of the world until your paper prints the story is elitist and in this new emerging Internet world factually wrong Pension middlemen gave $158K to Bill Thompson's campaigns and got $2.2B in city business *** Does anyone believe that dysfunctional Albany does not rig every major big with a contractor? Gov's casino flip stirs fears of rigging (Dicker NYP) There's growing fear that Gov. Paterson is manipulating the bidding process for the long-delayed, multibillion-dollar contract for a massive video-lottery casino at the Aqueduct Race Track *** How does Squier Knapp Dunn communications which has received many of Bloombergs millions get the voters to turn out in a dull mayoral campaign? After spending 65 million Squier has failed to get Bloomberg positive numbers to increase. In the debate this week Thompson will be fighting for his life - Term Limit extension, developers taxes and parking tickets pushing the middle class out. Squier will be trying to paint Bloomberg clam and in charge. This might not be the best debate Strategy to make sure voter turn out which has been in the single digits in the 2009 primary and runoff, reaches the 45% to 50% where experts believe Bloomberg will be easily elected. The non religious Jewish vote is a real question inside the Squier war room *** In New York with a 10% plus unemployment rate Stimulus is not about creating jobs its about paying off the UFT and their members in an election years $1B ed. 'waste'Few new stimulus jobs at DOE (NYP) *** An agressive press are you kidding Mr. Mayor "You should get rid of the public advocate," said Bloomberg, hinting he might try to do just that. "It's a total waste of everybody's money. Nobody needs another gadfly and we have an aggressive enough press." *** It is not the Public Administrator that works for the city's Surrogate Judges that is corrupt it it the court itself Surrogate's Court And Why It Should Go Why go after corrupt lawyers and judges year after year change the court Lawyer eyed by feds in corruption investigation of Bronx public administrator's office More Surrogate Corruption Facts About Manhattan Surrogate Court 2008 , Manhattan Surrogate Judge-Elect Nora Anderson Indicted Dummy down public "New Yorkers who can tell you the precise number of electoral votes in Ohio and Indiana give only blank looks when asked how their own local judges are selected" --Tom Robbins, Village Voice *** Some Battle there has not been a GOPer elected to the City Council in decateds Battle for Brooklyn City Council seats *** Big Losses Put Pensions at RiskOut nearly $1T in investments, governments may cut workers' benefits or take risks to rebuild assets. (Washington Post) *** Gothamist got it very wrong. Star Ledger endorsement of independent candidate for governor, Chris Daggett helps divide the vote for Corzine. It is better for him if the people who think the gov is corrupt vote for Draggett then give Christie the 2 or 3% he needs to win Star-Ledger Delivers F-U To Corzine, Christie (Gothamist)

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