Dale Terry

I read with great interest the reports on the explosion in Middleton Conn. of a new natural gas power plant where there are two confirmed dead and many more injured. My interest is about is based upon the so called "Green Economy" and items that may be associated with it. Add to that the knowledge that explosions and fires are commonly caused purposely, more than imagined.

With very little research, I have found that the partners in the plant have prior may have some questionable backgrounds.

Here is an article link on another development by the managing partner that riled up a whole town.

http://www.nytimes.com/2000/07/05/nyregion/city-is-roiled-over-razing-of-a-hill.html?pagewanted=1

Here is an artlcle that about a partner that has a criminal past.

http://caterwauled.blogspot.com/2007/12/trash-talk.html

And finally an article that has the FBI and organized crime involved.

http://www.state.ct.us/FOI/1992FD/19920527/FIC1991-198.htm

Follow this one, it may have legs

Picture this, You are the head of the investment arm of a Wall St. firm, making millions from trades, spending more than a million dollars just to redecorate your office. Your company however, is about to go under due to the massive mismanagement by you. Because of internal conflict, you lose your high paying job and for a short time have to live like a poor millionaire.

But just when you think you will have to spend the rest of your life in the Bahamas or someplace like that, you get the nod to run a large lending firm on Wall St. This is all due to your valued experience as a top management offical. That is exactly what Joohn Thain has gotten for his failure as an executive.

A new job worth up to 7.5 million dollars. How do we get here from the disgrace of just a few months ago? First off, we have to look at CIT. This is the same firm that received 2.3 billion in TARP funds.......and then went bankrupt, causing the US citizen to eat 2.3 billion. While the Fed was so generous with our money,Goldman Sachs had negotiated a 3 billion dollar loan 5 months earlier to CIT. This loan came with terms that Goldman Sachs would be paid 1 billion if CIT went bankrupt. Goldman then bought credit default swaps to protect its full investment. Five months later CIT is bankrupt, 2.3 million gone from the public, Goldman gets paid on its swaps, renegotiates with the Fed to get 100% on its money(unlike the 70% other debtors received) and still has 250 million in deferred stock of the newly formed CIT.

Is it my imagination that nothing has changed on Wall St? The mantra from Wall St, Washington and the lackeys in the press continue to beat the same drum, that without TARP and Stimulus money we would have seen our economy fall apart. But I continue to see evidence that much of the money given to Wall St. and banks was after their preparations for making money on the money we gave them. That is, seems that they positioned themselves to make the maximum profit from the economic downturn. This would be somewhat like shorting a stock, in that they were privy to the imminent collapse and took measures to protect themselves at our expense.

Another exec gets bonuses, another scandel swept under the rug and another knife in the back of the general public.

Not to long now, we can make it.

SPRING!

Makes me cold just looking at it!

The federal government has possibly misreported the number of unemployed by up to 800,000 people. The deference in the reported amount of 7 million unemployed and the additional 9 million underemployed comes from the adjustment of the formula that the government makes to calculate unemployment numbers.

The formula includes as a component a measure of new businesses that are started at the same time the unemployment number is calculated. Simple put, it is a guess as to new businesses that spring up in a time of economic hardship. And the guesstimate that the government used is adjusted each year at this time. It is assumed that the government will announce these figures tomorrow. And by the way since this number is off, the calculation for 2010 started with the wrong numbers so in 2011 we should see the same thing again!

Just another disconnect by Washington