I just received my annual TCP-1 letter from LLNS and a summary of the LLNS Pension Plan. Looked in pretty good shape in 2013. About 35% overfunded (funding target attainment percentage = 134.92%). This was a decrease from 2012 where it was 51% overfunded (funding target attainment percentage = 151.59%). They did note that the 2012 change in the law on how liabilities are calculated using interest rates improved the plan's position. Without the change the funding target attainment percentages would have been 118% (2012) and 105% (2013). 2013 assets = $2,057,866,902 2013 liabilities = $1,525,162,784 vs 2012 assets = $1,844,924,947 2012 liabilities = $1,217,043,150 It was also noted that a slightly different calculation method ("fair market value") designed to show a clearer picture of the plan' status as December 31, 2013 had; Assets = $2,403,098,433 Liabilities = $2,068,984,256 Funding ratio = 116.15% Its a closed plan with 3,781 participants. Of that number, 3,151 wer...
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Seems like theater to me, this is like 150k at most, probably form some portfolios full of all sorts of stuff. I would expect a real criminal would have millions in some company that you plant to give a break to. I am not buying this is a crime, just an honest mistake.
Ok I heard she tried to drive across America in a electric car and had her thugs clear out charging stations before she needed to charge her car sp she did not have to deal with the public scum or what is known as the lower 98%.
https://m.youtube.com/watch?v=GaSHqqOlPDs
https://simpsons.fandom.com/wiki/President_Lisa
150k may be chump change in your circles, in mine that is a sizable chunk of change.
150k may be chump change in your circles, in mine that is a sizable chunk of change.
9/17/2023 7:49 PM
I am not saying that is chump change but that amount of potential gain is pretty small for someone to subvert the DOE to fund a company just enrich yourself by pumping up some stock. We are not talking Burisma level money if you catch my drift. I doubt the secretary was steering millions of DOE money to companies to bolster stock up by 10% for neat personal gain of 15k.
While the slight oopsie of false testimony under oath may be warranting something stronger than a slap on the wrist, the public's outrage over her staff blockading a charging station for her PR trip may gather stronger reaction. In both instances we are just seeing business as usual.
Move along folks, nothing to see here.
Taking that as a defense, of course, means she is completely unaware of her own finances, yet is in charge of an agency with a very large budget, overseeing energy programs which furthermore are crucial to the US economy as well as the finances of most households.
Although of course, Granholm has been on the board of directors of several companies including Dow, and has owned stocks in the past (when she was aware of it, apparently) which I view as a positive sign.
That is, I think knowledge of business and financial markets is good -- we need more of that in government -- unless there are specific, identified conflicts of interest.
While I do believe her defense that the original misstatements were unintentional, it might make sense to go back to the original testimony in its entirety and see if it was taken out of context, or even material to what she was testifying about as well.
And in any case it might be better to focus on actual policy matters rather than these partisan attacks, I think!
I think some huge amount of members of Congress and the Senate come out as multiple millionaires due to legal insider information. It is just standard practice and one of the big draws for gong doing this. There is no way they are ever going to get rid of this as both sides get rich doing it.
At least she wasn't dropping frozen turkeys from a helicopter ala WKRP.
She's still needs to get bigger screw ups if she wishes to match Richardson and O'Leary.