As Michigan Judge Steven Rhodes deals with the question of whether or not Detroit’s retiree’s have the right to choose their own legal representation in their bankruptcy proceedings, Texas politician and lawyers are using the specter of a similar default in the Lone Star State to move cities toward privatization of the mega-wealthy Texas Employees’ Pension Fund.
“George Walker Bush led the effort to privatize the University of Texas Endowment Fund which created UTIMCO and which then went on to help subsidize government gone wild. When I tell people that they look at me like I’m crazy, but when you see that the funds are invested in one after another company that profits from America’s wars then it becomes quite clear,” said Sibley. “Texas oil runs Wall Street. No oil and no moving electronic ticker tape. Texas oil is the tail that wags the Wall Street dog,” Sibley argues. "American industrial technology is exceptional, no matter what Vladimir Putin poots and pees in his illogical diatribes. In fact, Anthony Sutton has argued vehemently that the U.S. exported its technology to the Bolsheviks and then the U.S.S.R. to give its legs when it was creeping out of the Stone Age. This is a claim that respected U.S. National Security Advisor, member of the Council on Foreign Relations and, more importantly... the father of Mika Brezenski, Zbigniew Brezenski has confirmed. What is not exceptional in either nation is an elevated sense of statesmanship and humanity. Basically it's all gang warfare and fight promoting on a grand scale," said Sibley.
“GWB put every one of his good buddy cronies on the UTIMCO Board and I promise that there isn’t a single player in that group that would ever want to come close to passing for a plaintiff’s lawyer or union organizer….which the state employees really are….a union of state workers,” said Sibley. Sibley believes that privatized sovereign dollars, as in college endowments and employee pension funds, are Bain capital's dream if they can get their grubby hands on it. The money would, like with UTIMCO, be used to give the appearance of legitimacy of hedge fund companies that in turn fund other companies which rush to the war-time contracting tax-dollar money spigot at Washington. "And the road goes on forever," said Sibley noting the eight ways that Bain used other peoples' money to gut companies. "The firemen and police put out fires. These other guys come along and start them world-wide traveling on the firemens' and policemens' and teachers' dime and if anyone gets in their way at home they start fires here, too. It's the old Catch-22 of the Military Industrialist Complex."
Like Sibley, John Whittington Brown, of Mexia, Texas, a retired school teacher whose son is a retired fireman, said, “the profiteers line up at the sovereign dollar feeding trough like so many over stuffed pigs. This is exactly what happened when Texas attorney turned health care mogul, Richard Scott, became the recipient of the largest Medicare fraud fine in U.S. history with his oversight of Columbia/HCA Hospitals Systems when it was fined $1.7 billion before he was retired by the Columbia/HCA board with a $400 million pension so that he could go to Florida, run for Governor, and fill the office previously held by Jeb Bush,” said Sibley who noted that the Florida is "either the most uninformed assembly of flabby grey hairs or sun seeking mobsters and good fellas on the planet."
Sibley noted that the brother of GWB's press secretary, Scott McClelland whose grandfather was for years President of the Texas State Bar and who would eventually turn on Bush, was the head of the U.S. Medicare/Medicaid office in Washington during Rick Scott's oversight of Columbia/HCA. Sibley noted that Scott had united Columbia with the Tennessee-based HCA which was owned by Senator William Frist, a close friend of GWB, with help from Richard Rainwater. Rainwater another Bush friend and former partner with Bush in the Texas Ranger baseball franchise, a team that Jose Conseco said was "as rife with performance enhancing drugs as Lance Armstrong's fanny", the team would be bought by UTIMCO Chairman, Dallas billionaire, Thomas O. Hicks. "When General David Petraeus was accidently shot at Fort Campbell, Kentucky it was Frist who plugged the holes," said Sibley noting Petraeus fainting spell when he appeared before Congress to report on the state of the Iraq War.
|from the U.S.-Arab Chamber of Commerce web site.|
Dodge felt that Texas offered an excellent hiding place and giving what is now transpiring in Texas as an assault on employees' future, it seems not much has changed.