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(ProPublica)   How Wall Street tobacco deals left states with billions in toxic debt, chronic cough, ash tray smell that won't come out   (propublica.org) divider line 18
    More: Asinine  
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1214 clicks; posted to Business » on 08 Aug 2014 at 3:47 AM (37 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
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2014-08-07 11:08:12 PM  
If Hitler, Stalin, and an investment banker came to my apartment tomorrow and I had a gun with two bullets, I'd make Hitler and Stalin play a game of "whoever rapes the banker worse gets to live," - then I'd shoot the banker twice.
 
2014-08-08 03:08:02 AM  

Lsherm: If Hitler, Stalin, and an investment banker came to my apartment tomorrow and I had a gun with two bullets, I'd make Hitler and Stalin play a game of "whoever rapes the banker worse gets to live," - then I'd shoot the banker twice.


you are now my FARK HERO of the MONTH.
Alas, you already are a TFer or I would ding you.

IOU one drink, anywhere on the planet.
let me know where and when
 
2014-08-08 03:57:33 AM  
Ha. This is ultimately the fault of politicians. They get what they deserve. These were deals only idiots would take, yet they took them.  But of course, evil Wall Street and evil tobacco companies.

/any current smoker who claims ignorance of what smoking causes is a liar
//much like folks who pick up stds or unwanted pregnancies because they "educated"
///super simple stuff
 
2014-08-08 05:52:46 AM  
A  bit off-topic, but ProPublica does some good work. I heard this morning the helped in research about a Tea Party scam, called Move America Forward, that says they help troops, but actually funnels donations to themselves and conservative PACs. It is, of course, supported by both Bushes, Cheney, Hannity and Palin among others.

/End off-topic
 
2014-08-08 06:07:03 AM  
*Clicks article, checks state*

Received under $150 million, N/A, N/A, N/A, N/A, Smoking Prevention Percentage - "Hey, HEY!"

Well, if they PREVENT smoking, how are they going to get slush fund money?
 
2014-08-08 06:53:41 AM  

robohobo: They get what they deserve.


Re-election.  What they get is re-election.
 
2014-08-08 07:09:32 AM  
Looks like John Engler (R-tard) set Michigan up for a royal ass farking.
 
2014-08-08 07:37:04 AM  
Did anyone actually expect that a pot of money like this would ever be spent for the purpose it was supposed to be? All that posturing about how it was for anti-smoking campaigns and health care was bullshiat.
 
2014-08-08 09:36:08 AM  

Lsherm: If Hitler, Stalin, and an investment banker came to my apartment tomorrow and I had a gun with two bullets, I'd make Hitler and Stalin play a game of "whoever rapes the banker worse gets to live," - then I'd shoot the banker twice.



www.noforbiddenquestions.com

Please, continue.
 
2014-08-08 09:46:26 AM  
Comedy. States extract huge payments from tobacco companies (which tobacco companies pass on to low income smokers), to be received over time. Then they irresponsibly decide for political purposes to borrow against the future value of the payments to fund current spending.

Then years later they have to pay that debt back, and idiot left wingers try to blame Wall Street. Comedy.
 
2014-08-08 10:07:18 AM  

Debeo Summa Credo: Comedy. States extract huge payments from tobacco companies (which tobacco companies pass on to low income smokers), to be received over time. Then they irresponsibly decide for political purposes to borrow against the future value of the payments to fund current spending.

Then years later they have to pay that debt back, and idiot left wingers try to blame Wall Street. Comedy.



♪♫ They had a structured settlement, but they needed cash now, they called J.G. Wentworth, 877-CASH NOW! ♫♪
 
2014-08-08 10:37:36 AM  
Asshats, always thinking short-term profit and the expense of long-term fiscal responsib . . . wait, STATES?  Never mind, Wall Street's fault.
 
2014-08-08 11:37:02 AM  
img.fark.net
 
2014-08-08 01:16:41 PM  

GDubDub: Debeo Summa Credo: Comedy. States extract huge payments from tobacco companies (which tobacco companies pass on to low income smokers), to be received over time. Then they irresponsibly decide for political purposes to borrow against the future value of the payments to fund current spending.

Then years later they have to pay that debt back, and idiot left wingers try to blame Wall Street. Comedy.


♪♫ They had a structured settlement, but they needed cash now, they called J.G. Wentworth, 877-CASH NOW! ♫♪


As scummy as that company is, those commercials totally redeem them.
 
2014-08-08 02:07:07 PM  

GDubDub: Debeo Summa Credo: Comedy. States extract huge payments from tobacco companies (which tobacco companies pass on to low income smokers), to be received over time. Then they irresponsibly decide for political purposes to borrow against the future value of the payments to fund current spending.

Then years later they have to pay that debt back, and idiot left wingers try to blame Wall Street. Comedy.


♪♫ They had a structured settlement, but they needed cash now, they called J.G. Wentworth, 877-CASH NOW! ♫♪


They repeat it constantly, don't they? I'll start.

Call J.G. Wentworth 877-CASH-NOW!
 
2014-08-08 02:33:26 PM  
jjorsett - many moons ago my state of residence decided to have a state lottery, to raise money For The Children.  All profits go to edu-ma-cation.  Even then I figured that just meant less coming out of the General Fund....  Funny thing, we STILL need MORE money For The Children.....
 
2014-08-08 02:42:00 PM  
TFA did (briefly) mention the OBSCENE profits of the "lawyers & consultants".  I have recollections that lawyers billed @ $28,000/hr.
"...when many of the officials deciding to sell the debt might well be dead..." or at least out of office and holding jobs as high priced lobbyists.
 
2014-08-08 06:10:32 PM  
It is a simple problem really, that shows up in business and politics.
Spending money NOW increases your chance of being re-elected/bonuses.

Needing to make payments in the future hurts other people/makes them look worse and you look better.
 
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