|
|
|
March 02, 2011
The Loan Arranger
I was looking for some information for my post Bussing In Outside Agitators and came across this bit: Deadbeat Union's $90 Million Debt from 21 May 2010. Interesting. In 2007, the SEIU owed Bank of America nearly $95 Million.Go to the article for links. No wonder this is do or die for the public sector unions. It is another f*n economic bubble. I guess we can add "public sector union union bubble" to its corollary "the lower education bubble". No wonder the lefties have been on about "sustainable" for years. Nothing they have been doing is sustainable. Think about what it means for the unions if they can no longer service their debt or get shares of the company handed to them to collateralize their debt? Kaput. That's what. State of the Union: A Century of American Labor (The Rise and Fall of American Labor Unions) Cross Posted at Power and Control Welcome Instapundit readers. For something different you might like My Charlie Sheen Story. posted by Simon on 03.02.11 at 09:15 PM
Comments
Drunken sailors on shore leave after a year at sea would be embarrassed by how the public unions spend their money. JorgXMcKie · March 3, 2011 11:47 PM With the current administration so deep in the inner workings of BoA, I wouldn't be surprised if that debt suddenly disappeared without a trace one day soon... Andrew - Des Moines · March 3, 2011 11:52 PM Public employee unions are a ponzi scheme. And a joke. Forrest · March 3, 2011 11:56 PM Where does all this money go? I mean, everybody connected with the public sector is racking up massive debts, on top of taking in boatloads of taxpayer money. What are they spending it all on? JMH · March 4, 2011 12:17 AM I'd wait for an honest appraisal of their books, but it doesn't come until they are in bankruptcy. if state managed pensions are running in the red, I'm trying to imagine how the private sector unions have managed their money... it isn't that 'I think the world' of govt run pensions, but i can't help but feel they have been run far better, in a RELATIVE sense, compared to the private sector unions.
mark l. · March 4, 2011 12:37 AM There are two possible answers to the question, "Where does all the money go?" Daniel · March 4, 2011 1:25 AM Where does the union's pension money go? It gets "invested" in companies owned by guys with names like "Ice Pick", and "Fat Joey". Strangely, the union pension's investments are made with the same (wise) guys over and over again, despite their track record of failure, and nobody says nuttin'. See: Framers Union for a good example of the grift in action. Tony...just Tony. · March 4, 2011 6:56 AM @Jorg: that's not fair to drunken sailors! When *I* ran out of money, I stopped spending. Rod · March 4, 2011 9:09 AM Don't tell me it's Unions that are now Too Big to Fail? Obama will just print more money. DirtCrashr · March 4, 2011 1:08 PM What happens if states like Wisconsin stop collecting union dues directly from paychecks? Would SEIU survive the shock of some percentage of the workers not paying their union dues? George B · March 4, 2011 2:30 PM "Would SEIU survive the shock of some percentage of the workers not paying their union dues?" Probably. But their power would be considerably reduced. As would their (non?)profits. And (most importantly) the salaries and benefits of their headquarters' personnel. Kathy K · March 4, 2011 7:19 PM Post a comment |
|
April 2011
WORLD-WIDE CALENDAR
Search the Site
E-mail
Classics To Go
Archives
April 2011
March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 January 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 May 2004 April 2004 March 2004 February 2004 January 2004 December 2003 November 2003 October 2003 September 2003 August 2003 July 2003 June 2003 May 2003 May 2002 AB 1634 Sarah Hoyt Skepticism See more archives here Old (Blogspot) archives
Recent Entries
• A knee sock jihad might be premature at this time
• People Are Not Rational • No Biorobots For Japan • The Thorium Solution • Radiation Detector From A Digital Camera • Voter Fraud? • This war of attrition is driving me bananas! • Attacking Christianity is one thing, but must they butcher geometry? • Are there trashy distinctions in freedom of expression? • Please Don't Let Me Be Misunderstood
Links
Site Credits
|
|
Who in their right mind would lend money to SEIU, and why, if they were honest unions would they need to borrow that kind of money. If "I" were one of the members of this union I would be looking into this instead of harassing the taxpayers.