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I see that Japan is yearning for a weaker yen to carry on their carry trade. Overnite, the yen is down over 1% and the Nikkei up over 2.5%. The games that people play!

Elaine Meinel Supkis

It is now painfully obvious, yes. Just two weeks ago, the Bank of Japan claimed they didn't manipulate the currency.

Tom Noonan

There is a slight problem. Take a mortgage lender which will be nameless. Now the fellow that starts this company has to know how to set it up, and probably employs some lawyers to help him with this; and probably has some rich guy who provides him with some seed money. He probably garners some investors and clients initially from some community organization with which he and the rich guy are associated; and the local and then national newspapers print favourable articles about it if it takes off. What I am getting at is that the mortgage company is backed by a pretty extensive conspiracy that is quite legal.

Then we have the private equity company which is a fund of superannuation contributions which are compulsorily garnered from serious professional earners, or perhaps just anyone, even poorly documented casuals. Anyway this company gets the tick from the government, and is also quite legal, and well lawyered.

Then the private equity swallows the mortgager, and one feeling victimised gets a lawyer who is less than six degrees of separation from the lawyers of the first and second parties. It's a mess. One can with patience wait a long time and see the rich guy make terrible investment decisions, or sometimes just become disgusting and lack credibility.

The truth is that life, that is the biosphere of which we are a part, is simply evil at its core. If you are a rural person then you would know this.


Gosh, Tom. What about God's nefarious plan?


What is the "Diplomacy Web Page"?

Elaine Meinel Supkis


This web page has many elements within it and one is the 'Diplomacy' page. Money is intimate with diplomacy. 99% of the articles talking about free trade and our financial prospects leave out this key element. There is little to no context. Not to mention, history missing.

As for 'evil to the core'---money is connected with this and it is called 'greed' and the 'greed is good' philosophy we have lived under for quite a while is most dangerous as we can plainly see today.

Farmers, as always, are just as corrupted if not more, by all this. Note the disaster modern farming has become.

D. F. Facti

The Aegis people need to get to the Department of Labor. As I recall, the sponsoring employer must give 30 days' notice of cancelation of COBRA to those already so covered.. If 15 or more people were already covered under COBRA, then the DOL will look into it. They may have to flie a lawsuit anyway.

Either the buyer or the seller in an acquisition/takeover must assume COBRA liability. It looks like Cerberus has that liability. They can't cancel anyone already covered under COBRA without 30 days' notice unless the insured didn't pay the premium or it wasn't received timely, etc. I am not a lawyer, but that's my recollection.

Now - trying to weasle out of health coverage - - - hmmm - - - I think this may be a gray area. The contract with the insurer undoubtedly continued beyond the tremination date Cerberus used.

How can ANYone defend this obvious swindle?

Sons of bitches.

Elaine Meinel Supkis

Thanks for the info, Facti. Really appreciate it. And yes, this is a swindle. And yes, the employees should sue. But suing is hard when one is facing eviction because many Americans have no savings to pull on in bad times. Thanks to banks not seeking savings anymore.

Dan Dashnaw

Department of Labor? HAHAHAHA!!! There is no nation on the face of the earth, with the possible exception of Burhma, that has labor laws as toothless as the USA. As a grad student in Labor Studies, I can tell you that breaking labor law isn't even risky. It's SOP.So you lawyer up and sue them. The labor board is full of Bushies who will obstruct you in everyway imaginable. Maybe as the case drags through the courts ( it's all about delllllaying the process), maybe you win. But wait! Unfair labor practice penalties can be mitigated by the earnings the worker has enjoyed after the termination. The longer it takes...the cheaper it is for the offending employer. As Michael Corleone said in the Godfather "It's not personal...it's just business...

Elaine Meinel Supkis

We live in NY where we have much better protection than Texans. I would feel sorry for Texans except they are the cause of their own misery. They MUST stop supporting corporate fascism.

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