No finance background
Collateralized Debt Obligation
so for me a CDO is convoluted long winded term for utter bull-loney....
but that is just my humble definition....
Wall St. to city gov to corrupt city gov contracts -- the emperor has no clothes..
Wall St. has been such a hoax for so long... it is shameful that Paulson brokered the bail-out no arrests, no pay back, no jail...
Where are the arrests of NYC Gov. officials for CityTime, SAIC, sub-contractors, ECTP, etc. not to mention slush funds.....where are the arrests period?
You want to shut down fraud and theft....make arrests.
I dubbed CityTime The Tax Payer’s Titanic. (sigh)
Also feel that describes all these government contracts where the fix was in and no real competitive deals were really considered and the companies thought no one would say a word as they robbed and raped the tax payers here in NYC and that was true until we got John Liu as comptroller.
just one example
http://mayorbloombergkingofnewyork.blogspot.com/2011/06/john-liu-press-release-agreement-on.html
okay here is another....
http://www.comptroller.nyc.gov/press/2011_releases/pr11-06-063.shtm
http://www.ufanyc.org/cms/contents/view/9874
this article above refers to ECTP 911 Tech system John Liu dubbed CityTime 2
http://www.comptroller.nyc.gov/press/2011_releases/pr11-01-001.shtm
Here is press release time out on citytime 2 ECTP look at the name of the companies and for more fun look up the lobbyists for all the companies involved in CityTime
Funny I talk about getting naked and it is because there is no transparency -- all smoke and mirrors lies and bull-loney -- the emperors new clothes.....
Think Bloomberg hardee har remember his ads....
We don’t have much investigative journalism but informercials with reporters refusing to ask tough questions and challenges our politicians. Has one reporter called up Rudy’s friends, pals, lawyer buddies that worked for him and asked them about their roles as lobbyists on these projects that happened to rip-off the tax payers big time.
Just curious....
I wanted to make a speech -- a long one in front of NYC SAIC’s office....but I couldn’t...here are some of what I wanted to say. I also wanted to thank Juan Gonzalez for his reporting on CityTime and he won an award he deserved and Ali Winston http://www.citylimits.org/news/articles/3513/a-show-of-hands Ali Winston’s article formed and shaped me and focused me directly on SAIC.
