STANDARD & POORS, MOODY, FITCH AND OTHERS--DO NOT TRUST THE BOND RATING COMAPANIES.....THEY DID NOT WARN US ABOUT WALL STREET BANKERS,AIG, LEHMAN BROTHERS, BEAR STEARNS, FREEDIC MAC, FANNIE MAE, AND BERNIE MADOFF.
This is part of the United States Debt Crisis no one is discussing. There is sleaze which must be stated in the strongest terms and strongest language including unacceptable profanity. The real scoundrels are the so called Bonding agencies Moody, Fitch, and Standard & Poors, and many others who failed previously.
I lost all respect for all Bonding Agencies in 1989 when Massachusetts was dealing with a state budget crisis. State Representative Jack Flood, D-Canton, then chair of the Legislative Joint Committee on Taxation exposed the Bonding Agencies. Flood stated that Massachusetts was doing fine according to the Bonding Agencies while Governor Michael S. Dukakis was a candidate for the Office of President of the United States in 1988. Shortly after he was defeated the same bonding agencies announced the state was in a calamity. Those words and statement by the often times combative Flood laid the ground work for some of us who advocate accountability and oversight to step back and look at the process with mistrust unless duly verified all so called ratings by bonding Companies.
Next,we moved to the last days of the George W. Bush Administration years later circa 2008 and the Bank Bailout that then Senator Barack Obama went along to get along with the Republican and Democratic Senators and Representatives. These Bonding Companies did not warn anyone of all the phony numbers being reported in the greedy Financial Industry Campaign Contributors often misleading the Accountants, Auditors, and Government Agency overseers who relied on their so called rating numbers and misleading statements…..And then there was the Crown Jewel Symbol of this greed Bernie Madoff along with team members for all that was wrong AIG, Bear Stearns, and the rest of the Wall Street Greed Merchants.
Now we look at the Presidency and Congress who are all choked up because we have a so called crisis of losing a so called United States Government Bond Rating AAA from these so called Bond Rating Agencies? Please stop fooling and scaring the citizens and taxpayers the elderly, those in need, our veterans, honest businesses, and industries, and the so called foreign creditors. Past and present Republican and Democratic Presidents and Congress, you men and women caused this calamity, FIX IT ONCE AND FOR THE FUTURE.
As for all the illustrious Bonding Companies-DECONTAMINATE YOUR POLICES AND PROCEDURES WITH A GOOD MOUTHWASH BEFORE YOU SPEAK ALONG WITH A SANITIZED PEN WITH PROPER ETHICS WHEN YOU GIVE A RATING…….. THE TIME HAS COME FOR STANDARD AND POOR, MOODY, FITCH, AND THE OTHER RATING AGENCIES TO DEVELOP A NEW STRONG CODE OF ETHICS TO LEAD….. SO THE AMERICAN CITIZEN CAN TRUST YOU AND NOT LOATHE …THE CITIZENS MUST BEGIN TO TRUST YOUR FINDINGS AND YOUR JUDGEMMENTS...THE PEOPLE ON MAIN STREET DESERVE BETTER FOR ONCE AND NOT WALL STREET.
BOSTON GLOBE EDITORIAL PAGE ALLOWS FORMER US ATTORNEY DONALD K. STERN NOW IN PRIVATE FOR RENT PRACTICE A GUEST EDITORIAL ABOUT James "Whitey" Bulger WHO HE FAILED TO PROSECUTE DURING HIS TENURE....
Disgusting for the Boston Globe to allow the former US Attorney Donald K. Stern to do a commercial advertisement masqueraded as a guest editorial called lessons from Whitey(James "Whitey" Bulger former fugitive for 16 years he could not prosecute during his long tenure on its editorial page. Stern is now a for rent lawyer whoever wants to pay for his billable minutes.
Stern was a do nothing, saw nothing, and did nothing during his tenure with his hired political appointee underlings. We can start with the BIG DIG, Whitey, Banks, Wall Street Boston. Insurance Companies, and Harry Markopolos(Bernie Madoff)....
Look at his non existent record of no accomplishments on corruption, waste, fraud, and abuse.
Disgusting for the Boston Globe to allow the former US Attorney Donald K. Stern to do a commercial advertisement masqueraded as a guest editorial called lessons from Whitey(James "Whitey" Bulger former fugitive for 16 years he could not prosecute during his long tenure on its editorial page. Stern is now a for rent lawyer whoever wants to pay for his billable minutes.
Stern was a do nothing, saw nothing, and did nothing during his tenure with his hired political appointee underlings. We can start with the BIG DIG, Whitey, Banks, Wall Street Boston. Insurance Companies, and Harry Markopolos(Bernie Madoff)....
Look at his non existent record of no accomplishments on corruption, waste, fraud, and abuse.
Hopefully, Elizabeth Warren is for real. However, the doubt that we should look at is why did she not stand stronger against the Special Interests other than talk, allowed her positions to be dismissed, and even was dissed by the Obama administration who stood so far behind her we did not know she was there.
My other concern about her, she never assisted those involved in accountability and oversight in Massachusetts of Business, Labor, and Government. Does she have the stamina to campaign and stand up for the citizens after being elected or go along to get along in the Democratic Party?
Those who once looked up to Eliot Spitzer and Richard Blumenthal the former Connecticut Attorney General and n so called Citizen Advocates can ill afford another DUD.
MASSACHUSETTS GAS TAX FRAUD IS BACK---Lieutenant Governor Murray of Massachusetts wants to increase the state gas tax to allegedly fix the crumbling roads and bridges.....game is on to fool the taxpayers again.....the last gas tax increase did not do what was promised and now the Governor and his staff want more.....NO at $4.00 a gallon already for gas...FOOLISH AND UN CREDITABLE.
I am most disappointed in any support of a Gas Tax Increase without stating the facts and history of how previous ones were spent. At least look at the issue in total and present all the facts and history of where the gas tax increases went before demanding any gas tax or allowing any toll increases.
The former chair of the House Transportation Committee Representative Steven J. Karol stated in a contentious debate on the House Floor in May 1990 that no Turnpike funds would be used to pay for the Big Dig. This took place to approve legislation many were involved that already passed the Senate which would have provided oversight and accountability of the Big Dig project. The Special Interests defeated the measure.
When the last gas tax increase was approved in 1991, we were told that was adequate to fix the deteriorating roads and bridges that upon review did not. Look at was done and not fixed. Look at Federal Funds pouring into Massachusetts that could have been used to repair Massachusetts Interstate and Primary Roads and Bridges and were not.
The recent sad revelation revealed that Parsons Brinkerhoff part of the Big Dig engineering, design, and private oversight of the construction team that ran the Big Dig project from the original $2.3 billion to $23 Billion+ that is now to be awarded the lead design manager for the $370 million Massport project. Government leaders should be asked the if this is right for the inefficiency, waste, mismanagement, fraud, and abuse of the Big Dig. under their watch? This is a moral and financial outrage. The Big Dig is the world’s largest construction project and is a monument for private sector greed and ravage of taxpayers by state and national government. Gas Taxes, Turnpike and Tunnel Tolls expansions should be taken off the table and not even be considered upfront.
Gas Taxes, Turnpike and Tunnel Tolls expansions should be taken off the table and not even be considered.
The time has come for Massachusetts to establish a new WARD Type Commission such as established during the Boston Government Scandal that forced the legislature to implement many government contracting reforms that seem to have eroded in recent years.
Government and the media should inform the Citizens and Taxpayers where previous gas tax increases that were previously promised to fix and repair all the dysfunctional roads and bridges. The guilty and enablers who got Massachusetts into this mess must be exposed and held accountable first. The failure to prosecute in criminal and Civil Courts the truly guilty for mthe Big Dig mess is deplorable and an insult to all Massachusetts citizens and ther pocketbook.
To do any increases to the taxpayer without insuring again independent proper government oversight and accountability that is truly independent and staffed to stand up to bad construction practices and the many special interests of contractors, bankers, bonding companies, insurers, consultants, out of touch labor bosses, and campaign contributions that will take Massachusetts citizens for a ride again is wrong and will lead to a further disaster to Taxpayers.
I respect the position of Lieutenant Governor but not the increase the gas tax positiion of the current Lieutenant Governor Murray. ..
Raising the Gas Tax with $4.00 a gallon gasoline is not a good state policy.
I am most disappointed in any support of a Gas Tax Increase without stating the facts and history of how previous ones were spent. At least look at the issue in total and present all the facts and history of where the gas tax increases went before demanding any gas tax or allowing any toll increases.
The former chair of the House Transportation Committee Representative Steven J. Karol stated in a contentious debate on the House Floor in May 1990 that no Turnpike funds would be used to pay for the Big Dig. This took place to approve legislation many were involved that already passed the Senate which would have provided oversight and accountability of the Big Dig project. The Special Interests defeated the measure.
When the last gas tax increase was approved in 1991, we were told that was adequate to fix the deteriorating roads and bridges that upon review did not. Look at was done and not fixed. Look at Federal Funds pouring into Massachusetts that could have been used to repair Massachusetts Interstate and Primary Roads and Bridges and were not.
The recent sad revelation revealed that Parsons Brinkerhoff part of the Big Dig engineering, design, and private oversight of the construction team that ran the Big Dig project from the original $2.3 billion to $23 Billion+ that is now to be awarded the lead design manager for the $370 million Massport project. Government leaders should be asked the if this is right for the inefficiency, waste, mismanagement, fraud, and abuse of the Big Dig. under their watch? This is a moral and financial outrage. The Big Dig is the world’s largest construction project and is a monument for private sector greed and ravage of taxpayers by state and national government. Gas Taxes, Turnpike and Tunnel Tolls expansions should be taken off the table and not even be considered upfront.
Gas Taxes, Turnpike and Tunnel Tolls expansions should be taken off the table and not even be considered.
The time has come for Massachusetts to establish a new WARD Type Commission such as established during the Boston Government Scandal that forced the legislature to implement many government contracting reforms that seem to have eroded in recent years.
Government and the media should inform the Citizens and Taxpayers where previous gas tax increases that were previously promised to fix and repair all the dysfunctional roads and bridges. The guilty and enablers who got Massachusetts into this mess must be exposed and held accountable first. The failure to prosecute in criminal and Civil Courts the truly guilty for mthe Big Dig mess is deplorable and an insult to all Massachusetts citizens and ther pocketbook.
To do any increases to the taxpayer without insuring again independent proper government oversight and accountability that is truly independent and staffed to stand up to bad construction practices and the many special interests of contractors, bankers, bonding companies, insurers, consultants, out of touch labor bosses, and campaign contributions that will take Massachusetts citizens for a ride again is wrong and will lead to a further disaster to Taxpayers.
I respect the position of Lieutenant Governor but not the increase the gas tax positiion of the current Lieutenant Governor Murray. ..
Raising the Gas Tax with $4.00 a gallon gasoline is not a good state policy.
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