Are You Ready For Some Bigotry?

[Howey]

Good. The bigot's been fired! If you would like to read something scary, check out some of the comments below. I do believe those with the gawdawful spelling may be related to Williams Jr. Probably first cousins he's fucked.

http://blogs.orlandosentinel.com/entertainment_tv_tvblog/2011/10/espn-parts-ways-with-hank-williams-jr.html/comment-page-1#comments

At least one person got it right:

All of you with your freedom of speech comments -
 The 1st Amendment only guarantees that THE GOVERNMENT can’t come after you for anything you say (which kinda went out with the Patriot Act anyway).
 There is NOTHING in the Constitution that guarantees you continued employment based on Freedom of Speech.
 THAT’S the distinction… but I wouldn’t suppose that those of you who defend Hank’s statements have a very firm grasp on the finer points of the Constitution anyway (as opposed to our President who specialized in Constitutional Law at Harvard).
 
And all of you who SAY you’re going to boycott ESPN/ABC… sure you are. See you next time there’s a big NASCAR race, or football game or whenever. Big words to say you’ll boycott… and no way to prove you actually are. What a joke!

[44nutman]

1. Hank never said that...he never said they couldn't or shouldn't...he expressed the reality of what that golfing even resembled to him...hitler meeting with net in yahoo...mean it was unlikely that anything productive would come from...other than the illusion of comradery

2. Hnak never said nazis...it is everyone else that is using that word to their advantage...yikes !!!

1. He did not just stop there he called them the enemy(Biden and the Fresh Prince of Bill Ayres) . It might have worked without the enemy comment.

2.

I just stated the Hitler and Nazi card should be retired, never claimed Bocephus said it, go back and read what I posted. I just stated those terms do not have a place in describing any (R or D) politician. I maybe wrong but never seen anyone run with genocide as one of their planks.

Like I said, Hanks song should not have been fired.

[betteroffhere]

Why the need to throw nazi in it then...hmmm

and from his perspective, They are the enemy !!!

along with the opinions of many other people of this country...

i'm not saying its right or wrong...i'm just saying...hank really didn't say anything inappropriate !!!

we agree to disagree...no problem

the headway is...we communicated and know have the knowledge of how eachother processes information...

Peace !!! #iamboh

[FooFa]

FaFa:

I do not want this forum shut down. Please provide sources for each of the preceeding posts and edit your posts to show the actual quotes.

Thank you.

 

http://www.bloomberg.com/news/2010-09-14/veterans-agency-arranged-secret-deal-with-prudential-over-soldier-benefits.html

The U.S. Department of Veterans Affairs failed to inform 6 million soldiers and their families of an agreement enabling Prudential Financial Inc. to withhold lump-sum payments of life insurance benefits for survivors of fallen service members, according to records made public through a Freedom of Information request.

The amendment to Prudential’s contract is the first document to show how VA officials sanctioned a payment practice that has spurred investigations by lawmakers and regulators. Since 1999, Prudential has used so-called retained-asset accounts, which allow the company to withhold lump-sum payments due to survivors and earn investment income on the money for itself.

The Sept. 1, 2009, amendment to Prudential’s contract with the VA ratified another unpublicized deal that had been struck between the insurer and the government 10 years earlier -- one that was never put into writing, Bloomberg Markets magazine reports in its November issue. This verbal agreement in 1999 provoked concern among top insurance officials of the agency, the documents released in the FOIA request show.
 

[FooFa]

For a decade, until the contract was formally changed, Prudential wasn’t fulfilling its obligations to survivors of fallen service members, says Brendan Bridgeland, an insurance lawyer who runs the non-profit Center for Insurance Research in Cambridge, Massachusetts.

‘Violated Terms’

“It’s very clear they violated the original terms of the contract,” says Bridgeland, who is retained by the National Association of Insurance Commissioners to represent consumers.

“Every veteran I’ve spoken with is appalled at the brazen war profiteering by Prudential,” says Paul Sullivan, who served in the 1991 Gulf War as an Army cavalry scout and is now executive director of Veterans for Common Sense, a nonprofit advocacy group based in Washington. “Now vets are upset at the VA’s inability to stop Prudential’s bad behavior.”

That the VA allowed Prudential to issue retained-asset accounts for 10 years while the contract required lump-sum payouts is “more evidence that the VA was asleep at the wheel for a decade,” says Sullivan, who was a project manager and analyst at the VA from 2000 to 2006.

“When grieving families check the box that they want a lump sum, they should get it. We remain disappointed and irate at the VA’s failure to provide advocacy for veterans,” he says.
State and U.S. Probes
Since July 28, when Bloomberg Markets first reported that Prudential sent checkbooks instead of checks to survivors requesting lump-sum payouts, state and federal officials have demanded the retained-asset system be investigated and reformed. The VA itself launched a probe of its life insurance program the day the first story was published.

The next day, New York Attorney General Andrew Cuomo launched what he called a “major fraud investigation” of Prudential and other life insurers over their use of retained- asset accounts. Since then, Cuomo’s office has issued subpoenas to Prudential and at least 12 more insurance companies.

 

[FooFa]

The insurance departments in Georgia and New York have also opened probes. The U.S. House Oversight and Reform Committee plans to hold hearings into Prudential’s use of retained-asset accounts to pay money owed to fallen soldiers’ survivors.

‘News to Me’

U.S. Secretary of Defense Robert Gates -- who was in office when the 2009 agreement was signed -- said when the VA started its probe that he had been unaware that survivors were being sent retained-asset accounts.

“Until today I actually believed that the families of our fallen heroes got a check for the full amount of their benefits,” Gates said at the time. “This came as news to me.”

As a result of the VA probe, the agency announced today that it will change its insurance program, allowing survivors to request and receive lump-sum checks.
Under Prudential’s original 1965 contract with the VA and a 2007 revised contract -- both of which were released as part of the FOIA response -- the insurer is required to send lump-sum payouts to survivors requesting them. The contract covers 6 million active service members, their families and veterans.

The checkbooks Prudential sends to survivors are tied to what the insurer calls its Alliance Account. The checkbooks are made up of drafts, or IOUs, and aren’t insured by the Federal Deposit Insurance Corp. Prudential invests the survivors’ money in its general corporate account, where it can earn the insurer as much as eight times as much as it currently pays in interest to beneficiaries.

Bond Income
Prudential held $662 million of survivors’ money in its corporate general account as of June 30, according to information provided by the VA. Prudential’s general account earned 4.2 percent in 2009, mostly from bond investments, according to regulatory filings. The company has paid survivors holding Alliance Accounts 0.5 percent in 2010.
Families that were supposed to receive lump-sum payments under the terms of the contract before it was amended in 2009 may be able to successfully sue Prudential for lost interest, insurance lawyer Bridgeland says.
“Survivors would have a very strong claim for interest earned by Prudential on their money,” he says.
Prudential spokesman Bob DeFillippo says his company is following the terms of its agreement with the VA.
“Prudential is in compliance with its contract with the Department of Veterans’ Affairs,” he says.
DeFillippo declined to comment on whether Prudential was in compliance with its contract between 1999 and September 2009 or to answer any other questions. Prudential chairman and Chief Executive Officer John Strangfeld declined to comment for this story.
Useful Service
In July, DeFillippo said Prudential’s retained-asset account was a useful service for bereaved relatives of soldiers. “For some families, the account is the difference between earning interest on a large amount of money and letting it sit idle,” he said. Survivors can withdraw some or all of their money at any time, he said.
Veterans Affairs Chief of Staff John Gingrich says the agency approved use of the Alliance Account because it wanted to help survivors.
“We needed to give an option to individuals that allowed them more flexibility and time to react to the tragic family situation,” Gingrich says.
Verbal Agreement
VA spokeswoman Katie Roberts declined to say when Veterans Affairs Secretary Eric Shinseki, who was appointed by President Barack Obama in January 2009, learned of the existence of the 1999 verbal agreement and the 2009 amendment. She also declined to make Shinseki available for comment.
The VA official who verbally agreed in 1999 to allow Prudential to change the terms of the 1965 contract and begin offering retained-asset accounts was Thomas Lastowka, the VA’s director for insurance, according to Dennis Foley, a VA attorney. Prudential began sending Alliance Account kits to soldiers’ beneficiaries in June 1999.
 

[FooFa]

Foley says the VA and Prudential would have been better off if they had put their 1999 agreement in writing.
“Could that have been done better?” Foley asks. “Probably. Best practice would have been to legally memorialize it at the time.”
Foley says the 1999 changes to the 1965 contract were valid, even if they weren’t in writing, because they were made by mutual agreement by people empowered to make such decisions.
“It was changed by somebody who was authorized to change it,” he says.
Contract Terms
The language of both the 1965 contract and the 2009 amendment make clear that Newark, New Jersey-based Prudential was required to adhere to the original terms until 2009, regardless of any handshake agreements in 1999, insurance lawyer Bridgeland says.
The 1965 contract says any alterations must be made in writing.
“No change in the Group Policy shall be valid unless evidenced by an amendment thereto,” it says. “No Agent is authorized to alter or amend the Group Policy.”
The VA and Prudential signed a revised contract in 2007, saying it was “amended in its entirety.” That contract, with the exact same words as the 1965 agreement, required that Prudential pay survivors with lump sums.
The 2007 revision included the same procedures in the 1965 agreement requiring any changes be made in writing. It contained no mention of the retained-asset system, or of the verbal agreement struck in 1999.
2009 Amendment
It wasn’t until Sept. 24, 2009, that the changes agreed to by VA official Lastowka and Prudential in 1999 were put into writing. The 2009 amendment allowing Prudential to hold onto death benefit payouts was made retroactive to Sept. 1, 2009, not back to 1999.
By putting in writing a change that was verbally adopted 10 years earlier, the VA is effectively trying to backdate the amendment, says Jeffrey Stempel, an insurance law professor at the William S. Boyd School of Law at the University of Nevada, Las Vegas, who wrote ‘Stempel on Insurance Contracts’ (Aspen Publishers, 2009).
“They’re trying to reinvent history,” Stempel says. “You really can’t do that. This is a blatant giveaway by the VA with nothing for the agency or the people in uniform.”
Nine of every 10 survivors ask Prudential for lump-sum payments, the VA says. Prudential sends those families “checkbooks” instead of checks.
‘Disasters Do Happen’
Documents released in the FOIA request show some signs of concern within the VA after Prudential proposed the retained- asset accounts in 1998. Lastowka, the official who allowed Prudential to introduce the Alliance Accounts, said that the insurer’s “checkbook” system wasn’t protected by the FDIC.
“Disasters do happen,” wrote Lastowka, in an e-mail dated June 9, 1999, to Stephen Wurtz, the agency’s deputy assistant director for insurance.
Lastowka said in his e-mail that the lack of FDIC coverage could backfire on survivors.
“Who is responsible if Alliance goes belly up?” Lastowka asked. “I think we have to also be prepared to defend the use of the Alliance Account.”
Lastowka also asked whether Prudential had adequately disclosed to survivors that the Alliance Accounts weren’t covered by FDIC insurance. “Did Pru alert us to the non-FDIC fact?” he wrote to Wurtz. “Or was it in small print as the notice to beneficiaries?”
Documents turned over by the VA didn’t include a response from Wurtz.
‘Aware of Issues’
Lastowka says his e-mail shows the decision to allow Alliance Accounts was carefully considered.
“This e-mail demonstrates simply that the VA’s Insurance program was aware of issues that might be raised as we implemented the payment method and that we should be prepared to respond to inquiries,” Lastowka says. “We were confident that we were making a decision which would benefit survivors.”
The FOIA documents show that on June 10, 1998, Prudential gave a presentation to the VA. It included 10 pages of key points, saying the Alliance Accounts would benefit survivors because they would provide safety, flexibility in how and when to use their money, competitive interest rates and customer service.
In fine print, at the bottom of one of the pages, was this caveat: “Funds in the Alliance Account are direct obligations of The Prudential Insurance Company of America and are not insured by the Federal Deposit Insurance Corporation.”
Sheila Bair
Twelve years later, the issue of the lack of FDIC protection in retained-asset accounts flared anew.
FDIC Chairman Sheila Bair said in August that consumers could incorrectly conclude that retained-asset accounts were insured by the FDIC.
“The insurance company must take care to avoid implying in any way that these accounts are in fact FDIC-insured,” she wrote in an Aug. 5 letter to state insurance regulators.
Some families of veterans have taken their complaints to court. Five survivors filed a federal fraud lawsuit in Boston on Aug. 30 against Prudential claiming the insurer has earned as much as $500 million in profits by improperly keeping beneficiaries’ money instead of paying it out in a lump sum.
The suit, Lucey vs. Prudential Insurance Co. of America, says the insurer fraudulently claims to beneficiaries that the Alliance Account is a lump sum.
‘This Ruse’
“Initiation of this ruse does not constitute payment of anything to anyone,” the suit says. “The Alliance Account is merely a bookkeeping device used by Prudential to hold on to beneficiaries’ money.”
Prudential hasn’t yet filed a response in court. Spokesman DeFillippo says he can’t comment on the case.
“It is important to note that several federal judges have rejected claims against accounts like our Alliance Account, concluding that beneficiaries are in virtually the same position they would be in had the insurer sent them a check,” DeFillippo says. He cited the dismissal of a case against MetLife Inc. on Sept. 10.
Insurance contract professor Stempel says that regardless of the outcome of that lawsuit, it’s clear that Prudential and the VA wrongly manipulated a federal contract at the expense of military members and their relatives. “At a minimum, survivors ought to be made whole with their missed interest,” he says. “The VA really seems to have had the best interests of the insurance company at heart, instead of those of the soldiers and their families.

[betteroffhere]

damn...

although you exposed the bigorty...

i don't think that was what howie was going for in this thread...

if you don't slow it down a bit...

i imagine your stuff is going to get moved...

You have your own corners to rule king in...

expose the truths there...respond to howie through your boreds...

don't piss him off...fuck...i don't want to lose another member...

may lilmike rest in peace !!!!

 #iamboh

[FooFa]

I got carried away with finding proof for what I've been hearing about military benefits and pensions being messed with. I should condense whatever it is next time.

[Howey]

I got carried away with finding proof for what I've been hearing about military benefits and pensions being messed with. I should condense whatever it is next time.

A. Those are not military benefits and pensions.

B. Military bemefits and pensions are not being messed with by the Obama administration.

[betteroffhere]

A. Those are not military benefits and pensions.

B. Military bemefits and pensions are not being messed with by the Obama administration.

A. Correct

B. idk about B...pehaps foofa can find out whether that is a true statement or not !!!

bottom line...

I got carried away with finding proof for what I've been hearing about military benefits and pensions being messed with. I should condense whatever it is next time.

He made no claim, in reference to what your A., B. comment was about...

"Foofa got carried away"...doesn't mean what he posted has anything to do with what you responded with...

"Foofa was searching for proof about something he had been hearing about"...No real claim he had found any !!!

He just posted information he found while being distracted from his original goal...that he thought might be insightful !!!


However...wouldn't the basic military issued life insurance policy for whatever the value, it is today be considered a military benefit ?

Or do you just classify that as a death benefit only ? not a military benefit !

just curious....

[ekg]

I know you are trying to take an adverserial role on the board but that role you have chosen is getting kind of boring and predictable.

yep

[Howey]

yep

Yup.

I prefer quality to quantity, intelligence to dumfoolery, sanity to insanity, and sincerity to snark. Where do you think you fall in?  As far as political leanings of the participants, you forget Mr. Knabe, about as honorable a conservative as you can find.

For all I care, he can take it elsewhere.

[betteroffhere]

yep

Looks like most are in agreement...

Looks like most can't or refuse address questions...

Looks like most aren't here to discuss issues...only complain about issues...

[betteroffhere]

Yup.
For all I care, he can take it elsewhere.

As you Wish...

So shall it be done !!!!

Peace! #iamboh