Chef Jim Posted November 13, 2012 Posted November 13, 2012 What a bunch of !@#$ing idiots. Interesting this has all come out AFTER the vote. http://www.sfgate.com/opinion/openforum/article/Prop-30-funds-for-UC-will-go-to-Wall-Street-4031472.php Oh and are real balanced written article too.
IDBillzFan Posted November 13, 2012 Posted November 13, 2012 (edited) Even with the passage of Proposition 30, the regents warn of more cuts and tuition increases in the near future. Remember what happened the last time UC Berkeley suggested it might raise tuition? http://www.youtube.com/watch?v=8V-a1__5Ci8 Here come the takers, folks. Stop pulling the wagon and take cover. Edited November 13, 2012 by LABillzFan
Duck_dodgers007 Posted November 13, 2012 Posted November 13, 2012 What a bunch of !@#$ing idiots. Interesting this has all come out AFTER the vote. http://www.sfgate.com/opinion/openforum/article/Prop-30-funds-for-UC-will-go-to-Wall-Street-4031472.php Oh and are real balanced written article too. They won't raise taxes in Dumbfokistan....ever! " in part because of illegal manipulation by the same banks that sold the swaps" Well done
Chef Jim Posted November 13, 2012 Author Posted November 13, 2012 They won't raise taxes in Dumbfokistan....ever! As usual your post has nothing to do with the topic. Care to share your opinion of California duping their residents into thinking they were voting to keep the UC system from raising tuition when if fact it was to raise money to pay back their gambling debts? Talk about Dumbfokistan.
Duck_dodgers007 Posted November 13, 2012 Posted November 13, 2012 As usual your post has nothing to do with the topic. Care to share your opinion of California duping their residents into thinking they were voting to keep the UC system from raising tuition when if fact it was to raise money to pay back their gambling debts? Talk about Dumbfokistan. What would have happened to the University--let me guess, you totally hate universities *.* --if they could not pay off the banks?
Chef Jim Posted November 13, 2012 Author Posted November 13, 2012 What would have happened to the University--let me guess, you totally hate universities *.* --if they could not pay off the banks? In the real world you don't gamble with other people's money and put yourselves in a position to have pay off the banks. The CA public sector has been doing this for so long and that's why we are so totally !@#$ed out here. This is a perfect example of raising taxes is like giving a junkie more drugs. It never ends well.
Duck_dodgers007 Posted November 13, 2012 Posted November 13, 2012 In the real world you don't gamble with other people's money and put yourselves in a position to have pay off the banks. The CA public sector has been doing this for so long and that's why we are so totally !@#$ed out here. This is a perfect example of raising taxes is like giving a junkie more drugs. It never ends well. You didn't answer my question
outsidethebox Posted November 13, 2012 Posted November 13, 2012 In the real world you don't gamble with other people's money and put yourselves in a position to have pay off the banks. The CA public sector has been doing this for so long and that's why we are so totally !@#$ed out here. This is a perfect example of raising taxes is like giving a junkie more drugs. It never ends well. look on the bright side, you still have that really cool bridge.
TakeYouToTasker Posted November 13, 2012 Posted November 13, 2012 (edited) My thoughts are this: DON'T AGGRESSIVELY INVEST FUNDS YOU CAN'T AFFORD TO LOSE, ESPECIALLY TAX PAYERS MONEY! Furthermore, I fail to feel for an institution of higher learning which fails to properly evaluate risk. These are the same institutions which claim to better understand markets and economics than those of us who actually make our living by making the world turn. If they believe this to be true, they can begin by being if not savvy, then atleast perhaps competent investors. Hike tuitions, lay-off staff, sell off assets, reduce benefits... and finish paying your bills. Failing that, close your doors. Edited November 13, 2012 by TakeYouToTasker
Chef Jim Posted November 13, 2012 Author Posted November 13, 2012 What would have happened to the University--let me guess, you totally hate universities *.* --if they could not pay off the banks? My answer is they'd have to raise tuition and cut their cost to the bones. That includes their cushy salaries, pensions and wages. They !@#$ed up, not me. My thoughts are this: DON'T AGGRESSIVELY INVEST FUNDS YOU CAN'T AFFORD TO LOSE, ESPECIALLY TAX PAYERS MONEY! Furthermore, I fail to feel for an institution of higher learning which fails to properly evaluate risk. These are the same institutions which claim to better understand markets and economics than those of us who actually make our living by making the world turn. If they believe this to be true, they can begin by being if not savvy, then atleast perhaps competent investors. Hike tuitions, lay-off staff, sell off assets, reduce benefits... and finish paying your bills. Failing that, close your doors. My favorite is when CALPERS couldn't get their models to work out on how their funds were going to pay all the future obligations so they changed the only variable in the equation you never change. They increased their assumed ROR.
Duck_dodgers007 Posted November 13, 2012 Posted November 13, 2012 My answer is they'd have to raise tuition and cut their cost to the bones. That includes their cushy salaries, pensions and wages. They !@#$ed up, not me. Easier to raise your taxes, plus we get the bonus of seeing you cry about it, ha!
Chef Jim Posted November 13, 2012 Author Posted November 13, 2012 Easier to raise your taxes, plus we get the bonus of seeing you cry about it, ha! No, it's easier not to !@#$ up in the first place. See that is the number one difference between you and me. I take responsibilities for my !@#$ ups. You just say "oh well, I'll have someone else take care of it." Do you !@#$ing get it yet?!?!?
TakeYouToTasker Posted November 13, 2012 Posted November 13, 2012 My favorite is when CALPERS couldn't get their models to work out on how their funds were going to pay all the future obligations so they changed the only variable in the equation you never change. They increased their assumed ROR. They did the exact same thing in Rhode Island. Per capita we're actually in worse shape than you. It's amazing to me that if I did my valuations and projections like this I'd be unable to ever find work again in the best case senario I can come up with, and rightly so, but these clowns do it as a matter of course.
meazza Posted November 13, 2012 Posted November 13, 2012 What would have happened to the University--let me guess, you totally hate universities *.* --if they could not pay off the banks? It's quite sad that universities can't have the foresight not to invest their money in derivatives.
KD in CA Posted November 14, 2012 Posted November 14, 2012 My thoughts are this: DON'T AGGRESSIVELY INVEST FUNDS YOU CAN'T AFFORD TO LOSE, ESPECIALLY TAX PAYERS MONEY! Oh no...listen to the retards here. If you go to the casino and blow all your cash playing a game you don't even begin to understand, it's the casino's fault!!
outsidethebox Posted November 14, 2012 Posted November 14, 2012 Who was the governor when california gambled away the money?
KD in CA Posted November 14, 2012 Posted November 14, 2012 Who was the governor when california gambled away the money? I don't know, who? Does the Governor personally review and approve all investments made by government agencies in CA? My, that must be a big job!
outsidethebox Posted November 14, 2012 Posted November 14, 2012 I don't know, who? Does the Governor personally review and approve all investments made by government agencies in CA? My, that must be a big job! Was it Ahnold?
3rdnlng Posted November 14, 2012 Posted November 14, 2012 Oh no...listen to the retards here. If you go to the casino and blow all your cash playing a game you don't even begin to understand, it's the casino's fault!! I dosed off. You mean its not Bush's fault?
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