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Too big to fail
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For those of you pushing for privatization of government...
Chew on this:
The former chief of American International Group Inc. transferred more than $2 billion worth of company shares to his wife as a gift only days before he was pressed by company directors to resign, according to a regulatory filing. http://story.news.yahoo.com/news?tmpl=story&ncid=&e=20&u=/ap/20050413/ap_on_bi_ge/aig_probe_greenberg
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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So your argument is that because one executive did something unethical (though I believe, perfectly legal), all attempts at privatizing anything should be abandoned?
By that line of reasoning, we should have overthrown the government when Clinton got a Lewinsky. Edit: BTW, he transferred the shares to his wife that he had already received in compensation...he didn't steal them. The unethical thing he did was to "gift" them to his wife for the purposing of shielding them--once he realized what was going to happen to him.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." Last edited by legion; 04-14-2005 at 07:08 AM.. |
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Registered
Join Date: Sep 2003
Posts: 1,230
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I'm not seeing how exactly this relates to privatization of government; explain please.
Isn't AIG the company that Kerry/Kennedy did the back room deals for to protect them from fraud commited on the "big dig" project? |
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Senior Member
Join Date: Feb 2000
Location: Lacey, WA. USA
Posts: 25,310
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I also notice that private companies always think that every bit of their information and every document they touch is strictly confidential. Gubmint workers, by contrast, understand that all their papers are public records. I deal in public works construction so I see both examples each day. Sometimes I just want to slap people. Companies come out here to perform public works, with laws like prevailing wage, and they think their workers wages are top secret. Give me a break. With privatization, we'd struggle just to get data from the contractors. Without privatization, you'd already own the documentation as a taxpayer.
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Man of Carbon Fiber (stronger than steel) Mocha 1978 911SC. "Coco" |
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Super Jenius
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Gubmint workers, by contrast, understand that all their papers are public records.
Supe, have you ever tried to get documents from a gov't agency? "All" their papers are not available to the public. I'm not sure the instance you cite makes your case, Thom. JP
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2003 SuperCharged Frontier ../.. 1979 930 ../.. 1989 BMW 325iX ../.. 1988 BMW M5 ../.. 1973 BMW 2002 ../..1969 Alfa Boattail Spyder ../.. 1961 Morris Mini Cooper ../..2002 Aprilia RSV Mille ../.. 1985 Moto Guzzi LMIII cafe ../.. 2005 Kawasaki Brute Force 750 |
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Senior Member
Join Date: Feb 2000
Location: Lacey, WA. USA
Posts: 25,310
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Sure, JP, some docs are confidential by statute. These are, or should be, rare. Judges tend to narrowly construe ecemptions from public disclosure. In other words, they tend to conclude that there are few documents a public agency can withhold.
Just recently, our Legislature tried to exempt its paper. Didn't fly, or at least the attempt has been reported in the media. The jig is up. I've said many times here that government agencies, while not perfect, are not the big problem with gubmint. It's the elected folks. You have to do more than just vote occasionally. Those kids need closer supervision. I've been a bureaucrat, so I'm probably more savvy than most requestors of public records. No, I have not had trouble getting documents. If I did, my next letter would be the "put up or shut up" type, asking for statutory citations, descriptions of withheld docs, etc. You're entitled to all that. It's your gubmint. Who's to blame when your own gubmint fails to perform?
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Man of Carbon Fiber (stronger than steel) Mocha 1978 911SC. "Coco" |
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Super Jenius
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Supe, I know a lot of this in ministerial/mandarin stuff, but having had to go through FOIA requests against the government in order to enforce contracts against the government leaves one with less than a charitable attitude towards the government. It is the 800 lb gorilla -- and often it's a rabid, unchained and hungry 800 lb gorilla, against whom nobody has any leverage.
With our litigation-frenzied fellow citizens out there, I have no problem with (most) confidentiality-minded private business practice. JP
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2003 SuperCharged Frontier ../.. 1979 930 ../.. 1989 BMW 325iX ../.. 1988 BMW M5 ../.. 1973 BMW 2002 ../..1969 Alfa Boattail Spyder ../.. 1961 Morris Mini Cooper ../..2002 Aprilia RSV Mille ../.. 1985 Moto Guzzi LMIII cafe ../.. 2005 Kawasaki Brute Force 750 |
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vott does ziss do?
Join Date: May 2003
Location: Seattle
Posts: 6,676
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Quote:
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Light,Nimble,Uncivilized
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Warning...thread derailment attempt
I'll tell ya who we can't trust....Porsche mechanics who wear their hair long and drive water-pumpers, that's who!!!
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Drago '69 Coupe R #464 |
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vott does ziss do?
Join Date: May 2003
Location: Seattle
Posts: 6,676
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HANG THE CREEPS BY THEIR TESTICLES!!!
oh, wait...
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Senior Member
Join Date: Feb 2000
Location: Lacey, WA. USA
Posts: 25,310
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Frankly, I expect this...ummmm...."case" filed by the R's in Chelan County to go nowhere. If finding errors is going to invalidate elections, you can expect to never have a legitimate outcome from any future election. I wish, in vain, that people would think when they read.
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Man of Carbon Fiber (stronger than steel) Mocha 1978 911SC. "Coco" |
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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,598
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The problem with both the government and private enterprise is that both are run by humans! Plenty of ammo to point fingers both ways.
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Senior Member
Join Date: Feb 2000
Location: Lacey, WA. USA
Posts: 25,310
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Quote:
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Man of Carbon Fiber (stronger than steel) Mocha 1978 911SC. "Coco" |
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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,598
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Superman and I agreed on something!
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