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Countrywide Stock Zooms 55 Percent on Rumor B of A Will Buy It
Don Bauder / dbauder I should reveal one thing: I have 100 shares of B of A. _____________________ Sell everything NOW, you still have time.— January 10, 2008 5:57 p.m.
Countrywide Stock Zooms 55 Percent on Rumor B of A Will Buy It
If BofA buys Coutrywide they have brain damage. They should run, not walk, away from anything C-wide is offering. Even if it were FREE, it would be suicide to take on their portfolio of sub prime future disasters. If we were at say, the top of the hump and had passed the rough waters and heading downhill and things were going to improve BofA might consider buying C-wide, that is different. BUT WE ARE AT THE FRONT END OF A RECESSION, A TSUNAMI OF BAD LOANS, FORECLOSURES AND ECONOMIC CHAOS!!!!! WHAT IS B OF A THINKING?????? If I were a BofA shareholder I would DUMP every share I owned. Oh, lets not forget the class action lawsuits for fraud, and and then the class action shareholder lawsuits that will be filed against the C-wide for the implosion of shareholder value..... Man, I cannot believe anyone would touch C-wide with a 10 foot pole.— January 10, 2008 5:55 p.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
Remember, as non-safety employees, the DCAs pay less into the retirement system. Safety employees pay more. Yes, the city pays "pickup" in lieu of giving pay raises. ______________________ Now they do not get benefits "in lieu" of pay raises, because the RAISES are jacked up the following year-just look to SDPD and their 9% raise over 2 years-or twice the normal increase, so they actually picked up a 4 year raise to make up for the years when they did not get a raise. SDFD is tryingto pullt he same scam right now.— January 9, 2008 6:16 p.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
Anonymous / sdblogger January 9, 2008 at 10:53 a.m. BBH, wrote, "WRONG, the City pensions was NEVER meant to support a welfare queen, it was to REPLACE social security, so it is SUPPLEMENTAL...". Interesting, given that SDCERS was formed in 1927, a decade before Social Security. Remember, as non-safety employees, the DCAs pay less into the retirement _____________________________ The City of San Diego >OPTED OUT< of Social Security in 1980 (not 1927), so I have busted yet another welfare queen lie.— January 9, 2008 6:12 p.m.
Religious Scammer Gets 25 Years, Told To Cough Up $43 Million
I agree that most of the Big Wigs/Billionaires get away with a lot, but that is certainly changing. Look at Enron and Tyco for recent long sentences (not as long as they should have been!). We also had that publisher case out of Chicago recently, but I do not think the sentence in that case has been handed down yet. In addition the attitude about white collar crime is changing at the top of DOJ. Not there yet, but coming along. I do seriously think the mandatory minimums should be appleid to amount stolen or scammed.— January 9, 2008 6:05 p.m.
Website Slams Mozilo Appearance, Noting Stock Sales Before Crash
If it is any consulation, Countrywide is going to be filing BK, and soon. The credit meltdown is only going to get worse, much worse before it gets better, and Countrywide is so upside down on their sub primes that it must fail, just a matter of time.— January 9, 2008 5:59 p.m.
Religious Scammer Gets 25 Years, Told To Cough Up $43 Million
Ouchie!! 25 years in Federal prison = 25 years (minus 15% for good behaviour). Im glad he was prosecuted in federal court, so his long sentence is carried out. It is funny, but his sentence is similar to the standard bank robber sentence of 20 years, whose haul may get a few thousand. The disparity in the scam amount- 40 million to a few thousand- is so vast...........yet the sentence is almost the same. White collar crime should have mandatory minimums based on amount scammed. Anything over say five million should be mandatory 10 years, over 10 million 20 years, and so forth. It is too disporportionate right now.— January 9, 2008 8:43 a.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
>>> sdblogger January 8, 2008 at 10:34 p.m. Ah yes, BBH, twister of logic. To begin with, city pensions were absolutely meant to support the retiree. From the Municipal Code 24.0100 "The purpose of this article is to recognize a public obligation to City employees for their long service in public employment by making provision for retirement compensation."<<< ___________________________ WRONG, the City pensions was NEVER meant to support a welfare queen, it was to REPLACE social security, so it is SUPPLEMENTAL...now lets go on to some more of the welfare queen lies. >>>sdblogger January 8, 2008 at 10:34 p.m. That's why city employees pay in roughly double the payroll percentage that folks enrolled in Social Security pay in.<<< _________________________ Whoass Horseeee....was that a WHOPPER.... Hey Pinocchio, check you nose, it’s growing again. As stated above, SS contributories are 7.65% from BOTH employee and employer, but in the San Diego City pension it is in MNAY CASES zero for the employee because the City/taxpayer is paying BOTH sides, and for the few that do make a contribution it is SUBSTANTIALL LESS, former District City Attorney David Miller says it is currently 5.18%, much less than the 7.65% private sector portion. OK, on to the next scam. >>> Note how BBH uses the earliest possible retirement age for city workers and the latest possible retirement age for SS recipients.<<< _________________________ EARLIEST possible retirement age for FULL pension benefits at City= age 50. EARLIEST possible retirement age for FULL pension benefits at SS= 67. 62 is the EARLIEST you can retire in SS, but you get a VERY REDUCED pension benefit, at City you get FULL benefits at age 50-big difference there JF (you're Jim Fowler are you not?). So City retire at age 50 getting 90% of highest years wages, while private sector retires at age 62 getting 15% of highest years wages. Come on JF, this is like taking CANDY from a baby (or at least from a HS educated City worker). sdblogger, I must admit, you are a good advocate for the scams, but they are ending, either by political choice or by BK, one or the other. And I think in many ways this same scenario will play out across every gov agency in CA if a recession hits, which I predict it will. Just yesterday Arnold talked about raising taxes to fund Fire, he used the infamous "fee" lingo, but whatever the case, when you cannot pay for BASIC services out of the general fund you have BIG problems, and CA has been having these problems the last 25 years.— January 9, 2008 8:36 a.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
>>> Ex-city union leader Italiano loses retirement package By Jennifer Vigil STAFF WRITER January 9, 2008 SAN DIEGO – Pension system officials have cut off the entire retirement package of a former San Diego union president who received a perk that the Internal Revenue Service determined was improper. <<<<< Oh-oh....Judie is in TROUBLE........ Let me shed a crocodile tear, she has been terminated out of a $70K pension while she is still the Unions General Manager....she must be part of the infamous DROP scam.— January 9, 2008 8:15 a.m.
City Employees To Hold Anti-Aguirre Rally at Democratic Meeting
Well, the infamous Billy Bob Henry, aka Johnny Vegas, is now in the house. Sdblogger appears to be a welfare queen Fire Fighter, one of the ones who are gaining the MOST from the scam pensions. #1, the Courts have NOT ruled yet Sdblogger, because there is NO ruling until it is final, all of Mike’s pension cases are at the trial level or are on appeal, so your assertion that the Courts have ruled against him are 100% false. As to sdbloggers patently false statement that City workers gave up PAY RAISES for benefits, well, sdblogger fails to state that those pay raises were actually deferred, so when they did come around they were double and triple the normal raises-so the City welfare queens in truth lost nothing. Look at PD’s recent contract of 9.5% over two years, or TWICE as much as a normal pay raise. Like I said, anything taken away is given back in the following years. Next, as to the claim that City leaders are responsible for the pension mess, not true. The pension board members had a FIDUCIARY DUTY to make sure the plan was fully funded, the unon leaders BREACHED that duty (to their members and the public) by allowing the under funding-or a quid pro quo scam, and that is why the pension leaders are UNDER INDICTMENT RIGHT NOW!!!!!! To Paul who states that the City workers get a pension because they do into pay into social security. The City OPTED out, and they opted out because SS is like a Yugo and the City pension is like a Rolls Royce (that is driven on gold plated roads), paid for by the poor and middle class. City pensions were NEVER meant to support anyone, they are a SUPPLEMENT, but today we have City workers retiring at age 50 (that is 60% LESS than the FULL retirement age for SS which is 67) making more than when they worked. OK, that is my opinion, and I am sticking to it….— January 8, 2008 8:40 p.m.