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Today's score: Offshore Overlords, 2; American People, 0; Your Pension, ?

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IdesOfOctober Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 11:29 AM
Original message
Today's score: Offshore Overlords, 2; American People, 0; Your Pension, ?
http://news.google.com/news?hl=en&tab=wn&ned=us&ie=UTF-8&q=%22state+street%22">State Street Corporation to offer $500M in special securities after announcing bad news, relating to pension plan lawsuits.

Guess who's gonna own most of that?

http://news.google.com/news?hl=en&tab=wn&ned=us&q=citigroup">Citigroup announces huge cash injection, in the wake of multiple concussion waves of bad news.

Guess who's gonna provide most of that?

http://news.google.com/news?hl=en&tab=wn&ned=us&q=citistreet">CitiStreet LLC, the 50/50 joint venture between the two companies, "services" many Americans' pension plans.

Is your pension plan paying STT, C, or CitiStreet fees to "service" you?

Here's how to find out. Go to http://www.freeerisa.com/">FreeERISA, and look up your plan's Form 5500. It's free.

NOTE: Most plans are pretty easy to find, but if your company has an "official" name and a "doing business as" name, it might take a few tries before you find it.

The schedules on the filings show who received how much to "service" you.

Ides
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Lugnut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 01:51 PM
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1. Good info, Ides.
Thank you.
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IdesOfOctober Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 01:53 PM
Response to Reply #1
2. Detecting any patterns to the BFEE Bank reports?
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Lugnut Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 02:54 PM
Response to Reply #2
3. Not yet
I haven't had time to delve but I've bookmarked it for later when I have more time. It's always a follow-the-money situation.

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IdesOfOctober Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 03:25 PM
Response to Reply #3
4. "It's always a follow-the-money situation."
Think of State Street as the Cabal's Conduit of Choice. That helps.

Ides
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CorpGovActivist Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-15-08 05:31 PM
Response to Reply #3
5. Hammer Meets Nail Head, News at 11 n/t
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IdesOfOctober Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-16-08 11:08 AM
Response to Reply #5
6. And now to our angry weatherman, Ollie. How's the weather on Wall Street?
"It's raining bears!"

Terrific. Thank you, Ollie.

Ides
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