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As I remember,from the beginning SS was reported as a separate function in the budget, off-budget. I think Johnson actually put it back on-budget for the 1969FY budget, the one that Nixon had to work with when he took office It was the our old buddy Alan Greenspan whose committee came up with the recommendation to take it back out of the federal budget. I think it was 1985 before it came off the books because the FY 1984 budget had already been implemented. It was early in Clinton's first term when SS became exempt from general budget cuts, but that was due to the SS amendments that Reagan signed into law.— April 2, 2011 10:48 p.m.
Issa's Earmarks Meant to Line his Pocket: Publication
What was it a judge said about the toad from Bell, it might be unethical but it's not illegal, or something like that. Call me cynical, but does everyone really believe that everything even a guy like Buffett does is beyond reproach? I don't. Nice guys don't always finish last, but they sure as hell don't become some of the richest guys in the world, either.— April 1, 2011 3:36 p.m.
Issa's Earmarks Meant to Line his Pocket: Publication
But nothing that hasn't already been written about by a lot of other people previosly. Perhaps it just seems to me that this jillianbarclay, who only signed up very early this morning was simply pimping her blogsite, which to me is no better than these people who sign up late at nite just to drop their spam ads.— April 1, 2011 3:29 p.m.
Issa's Earmarks Meant to Line his Pocket: Publication
I could be mistaken, but I think you have written about going to college in Detroit. I went to Berkeley. I don't think where anyone goes to college is a big deal, unless you happen to be some CEO who lies about his education. But I don't think anyone ever does that. I do think you're exaggerating about being there decades after. Ivan the crook graduated in 1965 but you don't strike me as a babe in arms so it doesn't seem like it could have been decades after. I didn't know that in the 1980s, he served as an Adjunct Professor at Columbia University's Graduate School of Business and at New York University's Graduate School of Business. How ironic is that.— April 1, 2011 3:23 p.m.
Issa's Earmarks Meant to Line his Pocket: Publication
Again I was curious: http://articles.nydailynews.com/2000-07-16/gossip…— April 1, 2011 3:13 p.m.
Issa's Earmarks Meant to Line his Pocket: Publication
Really not that impressive.— April 1, 2011 9:13 a.m.
Issa's Earmarks Meant to Line his Pocket: Publication
I think Hoover's case was different though. I don't think she had her sentence reduced to 2 yrs, I think she had her sentence reduced down by 2 or 3 yrs for "cooperating". With time for good behavior, I think she got out on parole after about 2 1/2 yrs, whereas Milken was never on parole, he just had to serve the last couple of his months in a halfway house. I think I remember reading that she married some rich guy and moved up somewhere near Santa Barbara, probably either Montecito or Hollister Ranch, I would imagine. Do you remember anything about where she ended up??— April 1, 2011 9:03 a.m.
Issa's Earmarks Meant to Line his Pocket: Publication
Yeah, if I remember right, when he got out of the pokey, he sued his exwife for alimony, something like $50 million. I think he ended up getting about half of that in cash, a house in La Jolla and a couple hundred grand a year. Ain't it funny how he narced on Milken and Milken doesn't serve any more time than he did. I bet when Milken got his sentence reduction, Rudy must have had a coronary.— March 31, 2011 10:10 p.m.
Issa's Earmarks Meant to Line his Pocket: Publication
I was curious, so I looked it up. NYT: Mr. Milken received as compensation from Drexel $45 million in 1983, $123 million in 1984, $135 million in 1985, $294 million in 1986 and $550 million in 1987." It seems that he would never have served anything close to that anyway: "He entered a Federal prison in California 17 months ago and would have been eligible for parole in March 1994. Under the old Federal sentencing rules, which applied when Mr. Milken was sentenced, prisoners became eligible for parole after serving a third of their sentence -- 40 months in Mr. Milken's case. Under current rules, there is no parole." "In recognition of his work in tutoring other prisoners, Mr. Milken's had already been set for a four-month reduction in time served. . That reduction could have effectively cut his time served to 36 months." The same judge that sentenced him to 10 yrs reduced the sentence to 24 months after he agreed to cooperate with investigators. He was released after 22 months and spent 2 months in a halfway house.— March 31, 2011 8:12 p.m.
Issa's Earmarks Meant to Line his Pocket: Publication
I really don't see the SEC doing anything about it. He already owned the shares before he pitched it to Buffett, he told him he owned shares and he didn't have a say so on whether or not BH pulled the trigger. I don't see a conflict.— March 31, 2011 2:25 p.m.