Fraud in the Name of the United Nations

This is a good one.  What's probably lost on the bozo who sent this is that the UN itself is fraud.
Attention:

This is to bring to your notice that the meeting which has been going on with WORLD BANK AUDITORS AND UNITED NATION REPRESENTATIVE has been concluded in Nigeria. So we wish to notify all the scammed victims, such as Contract payment, Lottery Winners and Fund inheritance etc , due to unauthorized/incapability of financial Institutions/security companies in releasing such huge sum of money due to Fraud, terrorist and money Laundry activities that has been designed by fraudsters.

The UNITED NATION/WORLD BANK AUDITORS has agreed to compensate all the scammed victims with the sum of (US$350,000.00) Three Hundred and Fifty thousand Dollars. We found your name in our list and that is why we are contacting you, these have been agreed upon and have been signed.

You are advised to contact Mr. Larry Levi with your full contact details, for your ATM Card delivery. This method of payment is for security purposes and for your easy withdrawal from any ATM machine world wide. So contact the paying bank on the emails below.

Name: Mr. Larry Levi

email: larryevi@yahoo.co.jp

email: udbnudb@collector.org

Fax: +234-9-6721671



Mr. Kofi Annan

Former Secretary (UNITED NATIONS)

Ron Paul Takes Herman Cain to School

From the Daily Paul site, h/t Mike Marnell. While Paul wants to abolish the Fed, Cain and Romney, looking on, are insiders who have benefited directly from the Fed. Alan Greenspan's record is one of having created the tech bubble that led to his real estate bubble. That is who Herman Cain aims to emulate.  If you like to be destroyed financially, keep voting for Cain and Romney, and listen to the New York Times's moronic comments about Paul's eyebrow.  

Town of Olive, Board Member Bruce Lamonda, Olive Town Board, and Supervisor Berndt Leifeld Mismanage Special Reserve Funds

The Town of Olive has mismanaged its special reserve funds according to a report from the New York State Comptroller's office. 

http://www.osc.state.ny.us/localgov/pubs/lgmg/reservefunds.pdf

Points from the above report that should have been brought up at the October 10, 2011  meeting:

Currently, the Town of Olive does not budget reserve funds in its annual budget.  This is poor practice. Written reserve fund policies ought to be developed.  Legal counsel concerning the establishment and continuation of funds needs to be sought on an ongoing basis. The board should be provided with ongoing reports of reserve fund activity. There should be ongoing review of reserve funds and on-the-record discussion of whether the reserves are reasonable and necessary.  Reserve balances should only be retained at appropriate levels. The board should openly discuss whether the needs of taxpayers are being met. Boards should also periodically assess the reasonableness of the amounts accumulated in their reserves. All reserve fund transactions should be transparent to the public. When conditions warrant (subject to legal requirements), the board should reduce reserve funds to reasonable levels or liquidate and discontinue a reserve fund that is no longer needed or whose purpose has been achieved.

In general, boards should behave as though they have fiduciary duties to the public.  That means disclosure and reasonable discussion of management policies that are public.  Reasonable discussion includes evaluation of the purposes and limits of the reserve funds, and whether the funds ought to be discontinued.  

Quotations from the above report:

1.       Reserve funds should be used for appropriate, stated purposes that are well designed. They should not be parking lots for excess cash.

2.       Local governments and school districts should balance the desirability of accumulating reserves for future needs with the

      obligation to make sure taxpayers are not overburdened

3.      There should be a clear purpose or intent for reserve funds that aligns with statutory authorizations.

4.      Each statute that authorizes a reserve fund should set forth a particular underlying purpose for the fund.

5.      All too often, however, reserve funds are established and substantial cash is accumulated without due diligence in monitoring the reasonableness of reserve fund balances.

6.      Is the board provided with periodic financial reports on reserve fund activity?

7.      Are reserve balances at an appropriate level?

8.      finance reserve funds on a regular basis should develop a written policy that communicates to taxpayers why the money is being set aside, the board’s financial objectives for the reserves, optimal funding levels, and conditions under which the assets will be utilized. Boards should also periodically assess the reasonableness of the amounts accumulated in their reserves.

9.      Boards should also periodically assess the reasonableness of the amounts accumulated in their reserves. When conditions warrant (subject to legal requirements), the board should reduce reserve funds to reasonable levels or liquidate and discontinue a reserve fund that is no longer needed or whose purpose has been achieved.

10.  All reserve fund transactions should be transparent to the public.

11.  Ideally, amounts to be placed in reserve funds should be included in the annual budget.

HUD, Section 8 Housing Assault Saugerties, NY

It appears that developers Regan Development Corporation, Dickerson’s Keep LLC, and Orange County Rural Development Advisory  along with Saugerties Town Supervisor Gregory L. Helsmoortel and New York State Housing and Community Renewal Commissioner Darryl Towns, likely funded through HUD, are at their economy-destroying worst in Saugerties, NY.  The townspeople are rightly up in arms at a proposal to build a tax exempt cluster housing that will raise taxes on homeowners.  With double talk of and bogus studies of "shortages" by Ulster County's inept department of economic development,  the town supervisor and developer aim to provide economy-destroying subsidized housing at the expense of taxpayers who have been thrown out of work by excessive taxation.   

Saugerties's Darryl Towns and the developers are economic illiterates who have never heard of markets addressing shortages.

The Daily Freeman has posted edited video of the meeting.

http://www.dailyfreeman.com/video/?va_id=2926879&pl_id=21369&ref=synd