Thursday, May 20, 2010

Getting F'd by a US State

It seems all US States and the Federal Government are comfortable collecting more and more undeclared taxes. The State of Connecticut, also known for kangaroo courts, arbitrarily taking away children, and rampant police brutality and misconduct, is possibly the most corrupt and liberty abusing state. New laws getting a motorcycle licence may cost $800 to $1000 after you purchase a scooter, or motorcycle. Look at the items needed, safety classes, permit and license appointments, and fees needed [click here], just to get on the road.

Imagine your daughter is going to college in Connecticut and wants to get a scooter to ride around campus that is above the minimum size, to save gas. It will cost her more in fees to help reduce our dependence on foreign oil and to save energy in fees, classes, and items needed. We need to start boycotting the red tape abuse your life states like Connecticut. An occupational license to paint walls costs more than attorneys pay for their licenses in Connecticut. Who writes the laws?

[This new lead law] may virtually end independent, self-employed people in various trades.

State Police in Connecticut celebrate false arrests, filling out bogus police reports, committing perjury, and making you lose your job, your family, and your home with taxpayer funded golf outings for the "100 Club", where officers with a 100 arrests or more for drunk driving, laugh at you, drink, and probably should be subject to a DUI arrest themselves, thumb their noses at "little people" and "Big Mouths". [story about the Connecticut State Police 100 Club]

The below is comedy. Getting fucked by the state isn't comedy.

The Daily Show With Jon StewartMon - Thurs 11p / 10c
On Topic: In the News - Sex
Daily Show Full EpisodesPolitical HumorTea Party

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Bank Protests, Voting Upsets, Elite Meetings - New World Next Week

Text with video:
corbettreport May 20, 2010Welcome back to the New World Next Week - the video series from & that gives you the weekly rundown on the stories that matter. This week:

Story#1: Class Warfare: 100s Protest Outside Banksters' Houses in DC

Story#2: Voters Back Anti-DC, Anti-Establishment Candidates

Story#3: Where Elites Meet: CFR, Trilateral, Bilderberg, G20 & More

As the acceleration continues & chaos leads to a new world order, your support in spreading this info becomes more important; help your friends & family make informed decisions about their lives. Subscribe to the feeds from Corbett Report & Media Monarchy Thank you.

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Richard Hettler's testimony to Congress and the US Senate, regarding Petters, Minneapolis Judge Montgomery, and the Banking Scandals

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Wednesday, October 08, 2008

Tom Petters, International Scammer, a Flight Risk

I just talked by phone with a victim who was swindled out of millions. He says Tom Petters probably bought one of his airplanes just with the millions, he stole from him. There are countless other victims, and complicit judges are the main culprits for this abuse being so blatant and widespread. US Congressman and US Senators, such as Patrich Leahy, have been informed of this problem. There are a number of us out to film and document these courageous efforts.

Tom Petters

This picture of Tom Petters was found [here].

Hedge Funds Snared In Alleged Fraud At Petters Group

By Joseph Checkler, Hans Schoemaker and David Walker


NEW YORK -(Dow Jones)- Alleged fraud at Petters Group Worldwide has already led to the ouster of the private company's chief executive, but it's also causing pain for several hedge funds around the world.

Already, Swiss fund-of-hedge-funds manager Gottex Fund Management has cited exposure to Petters, Minnetonka, Minn., as one of the reasons it's closing its fund of funds that does asset-based direct lending to companies.

The alleged fraud at Petters, which was founded by Tom Petters, goes back to the 1990s and involves Petters Co. Inc., a subsidiary of Petters Group. The Federal Bureau of Investigation has been investigating allegations that Petters' managers produced fake documents and showed them to their investors stating they were reselling goods at a profit. Petters Group's Tom Petters, who denies the charges, resigned as chief executive Monday.

Hedge funds are involved in a few ways: Some may be investors in Petters, and others, like Gottex, have investments in hedge funds that lent money to the company through their asset-based lending funds. Petters, a holding company that owns brands such as Polaroid, Sun Country Airlines, Fingerhut and Mr. Coffee, was founded in 1988 and has about $2 billion in annual sales.

Toronto-based Northwater Capital Management Inc., an $8 billion-plus asset manager with more than $4 billion in hedge fund of funds, also disclosed this week that some of its funds of funds are exposed to Petters.

"If the allegations are true, NCMI believes that it will have a material negative impact on the net asset value of the trusts," Northwater said in a Monday statement. Two separate Northwater funds had 4.3% and 2.5% of their assets invested in Petters. A Northwater spokesman said the company wouldn't comment beyond the release. Northwater and Gottex, which make direct investments to several different individual hedge funds, would not name the funds that were exposed to Petters.

However, some individual hedge funds have already taken Petters to court.

One hedge fund, Minneapolis-based Interlachen Capital Group, sued Petters on Monday in federal court, saying it gave Petters $60 million to buy electronic equipment that was used for another purpose. Petters offered "imaginary televisions as collateral," according to Interlachen's complaint.

Last month, according to court documents, another asset-based lender, Acorn Capital Group of Greenwich, Conn., sued Petters in New York's Southern District, demanding money for one of its loans. The suit names Thomas Petters himself, but not Petters Group.

Gottex has been forced to temporarily halt redemptions from its ABI Fund until it is able to assess the value of the portfolio, a spokesman confirmed, citing the Petters Group exposure as the main reason.

"As soon as more information regarding the Petters Group-related investments becomes available, the ABI Fund will endeavor to bring the period of suspension to an end as promptly as possible," the group said in a statement.

Gottex's asset-backed lending fund predominantly invests in hedge funds that make direct loans to borrowers, taking control over their assets as security. Its asset-backed investing fund does the same thing, but also invests in some of the companies it makes loans to.

Petters Group is no stranger to dealing with hedge funds. In October 2006, Andrew Redleaf's Minneapolis-based hedge fund Whitebox Advisors went in on a deal with Petters Group to buy Sun Country Airlines, with each side taking a 50% stake. Petters, through its Petters Aviation affiliate, bought all of Whitebox's stake by November 2007. The airline has struggled since, along with the rest of the industry.

-By Joseph Checkler, Hans Schoemaker and David Walker, Dow Jones Newswires; 201-938-4297 begin_of_the_skype_highlighting 201-938-4297 end_of_the_skype_highlighting;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// You can use this link on the day this article is published and the following day.

  (END) Dow Jones Newswires
Copyright (c) 2008 Dow Jones & Company, Inc.

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The below found:$1339

New Lead-based Paint Certification

Many buildings containing lead-based paint are being renovated, and the mere act of renovation poses serious health threats to young children and pregnant women. In 2008, the Environmental Protection Agency issued a new rule under the Toxic Substances Control Act regarding “lead-based paint hazards created by renovation, repair, and painting activities that disturb lead-based paint in target housing and child-occupied facilities.” The rule, which has an effective date of April 2010, directly affects general and specialty contractors by requiring them to be certified if they are performing work on a targeted facility and to provide warnings to let people know of the hazards.

What projects are covered?

The rule generally applies to renovation of any housing constructed prior to 1978 and any public or commercial facility constructed prior to 1978 where children are present on a regular basis, such as a day care center or school. Exemptions include minor repair or maintenance work involving an area no larger than 6 sq. ft. of interior painted surface (20 sq. ft. for exterior), renovations by an owner to their own residence or a certification that the work area is free of lead-based paint (as determined using an EPA recognized test kit). Some housing may also be exempt if it is shown that no child under the age of 6 or pregnant woman resides or regularly visits there.

Who does the rule apply to?

Not only does the rule affect general contractors, but it also applies to any specialty contractor that in the course of their work may disturb a surface that could have lead-based paint. This would include plumbing, painting, HVAC, electrical, finish carpentry, drywall, insulation, siding, tile, glass and glazing, as well as others. (It would be advisable for general contractors to verify compliance by their subcontractors by obtaining a copy of their certification.)

What is the contractor required to do?

The rule requires that anyone doing renovation on targeted facilities obtain certification that evidences they are trained in the use of lead safe work practices and that they will follow specific work practices when performing the renovation. What this means to you is: (a) your company must receive certification, (b) a certified renovator must be assigned to each renovation of a covered facility; (c) all persons performing work on the project must receive on-the-job training by a certified renovator; (d) all renovations must be performed in accordance with the EPA work practice standards related to lead-based paint; (e) you must provide the owner and occupants of the property with an EPA pamphlet advising them of the lead hazards associated with renovation and obtain a signed certificate of receipt; and (f) you must keep records of compliance on all projects.

How and when does a contractor get certified?

Training programs will be approved by the EPA and will be available to contractors as early as April 2009. You can apply for certification as early as October 2009 and you MUST be certified by April 2010. After that date, you can’t perform renovations to a targeted project unless you are certified or an exemption applies. Certifications must be renewed every five years.

Enforcement and liability

It is unclear exactly how enforcement will take place. Suffice it to say that if a property owner is injured as a result of lead-based paint exposure during or after a renovation, your certification and paperwork better be in order. And you may be liable for personal injuries if you fail to perform the work in compliance with the EPA standards. It may also be advisable to modify your home improvement contracts to include information regarding lead hazards and a limitation on your liability.

More information

For more information you can visit the EPA website at Here you will find a prerenovation disclosure form and a sample record-keeping checklist which will help you with compliance. You can also view the rule details in the Federal Register at which has detailed information regarding the requirements and exemptions.

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The below from the EPA:

Are you renovating, repairing or painting a home, child care facility or school built before 1978?

Beginning April 22, 2010, federal law requires that contractors performing renovation, repair and painting projects that disturb more than six square feet of paint in homes, child care facilities, and schools built before 1978 must be certified and trained to follow specific work practices to prevent lead contamination.

Protect your family and make sure you only hire a contractor who is in a Lead-Safe Certified Firm. Find a Lead-Safe Certified Firm near you.

Read about EPA's requirements for renovation, repair and painting.

Read EPA's pamphlet on renovation, repair and painting:

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