Archive for August 26th, 2011

So Rick Perry doesn’t just squash investigations into innocent men who were executed, he also tried gambling with the lives of teachers. Well, golly…

Aug 26, 2011 in Clueless Conservatives, Corporate shenanigans

Far out!

According to the notes, which were authenticated by a meeting participant, the Perry administration wanted to help Wall Street investors gamble on how long retired Texas teachers would live. Perry was promising the state big money in exchange for helping Swiss banking giant UBS set up a business of teacher death speculation.

All they had to do was convince retirees to let UBS buy life insurance policies on them. When the retirees died, those policies would pay out benefits to Wall Street speculators, and the state, supposedly, would get paid for arranging the bets. The families of the deceased former teachers would get nothing.

What’s weird is that this is all money that would have to come from life insurance companies…and exactly how much are they willing to bleed before they put a stop to such shenanigans? Sooner or later, either the insurance companies or the state will realize that they are getting the splintered end, and they’ll want out. No? Then someone please explain the math to me, because finance people sure are wonderful at putting numbers on a piece of paper and telling you that’s real money.

I think Obama would have a pretty easy time against Perry. He’s likely to seduce the base by being proudly ignorant and extreme, along with being so very manly and handsome (all the queer gay-hating Republicans get their hearts aflutter, I’m sure), but he’s got an atrocious record and he makes Dubya look like a Mensa member. He’s not going to reassure the country that he’ll be better for them than grown-up actual compromiser (much to the chagrin of people who thought electing a Democratic president with huge majorities in Congress would mean a Democratic agenda would be followed). At least he ought to jerk a few liberals out of their BOTH PARTIES ARE THE SAME stupor that enables their constant susceptibility to getting punked.

So who wants to roll some dice on which teachers die first?

-hw