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To: calcowgirl
Here's what really irritates me about these settlements.

The rate payer is never reimbursed. The state gets the money to offset the debt that resulted from its very bad decisions.

3 posted on 02/26/2004 10:14:06 PM PST by Amerigomag
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To: Amerigomag
You can the SEC settlements too.
4 posted on 02/26/2004 10:15:21 PM PST by Orange1998
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To: Amerigomag
Here's what really irritates me about these settlements.
The rate payer is never reimbursed. The state gets the money to offset the debt that resulted from its very bad decisions.

Yep. And I bet the settlements read something like this:

Without admitting or denying guilt, the party agrees to disgorge [some of] the profits made from the transaction (read: scam).

Then the parties are free to go play the next round. They'll be back!

5 posted on 02/26/2004 10:29:21 PM PST by calcowgirl (No on Propositions 55, 56, 57, 58)
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To: Amerigomag
The rate payer is never reimbursed.

Sure you'll be reimbursed, through lower rates. Haven't you noticed the recent spike in rates?. That's to cover the coming reduction to pacify you untill the next gouging go round.

Remember that big tax rebate/cut you got? Guess which industry sucked/is sucking that right out of your pocket.

12 posted on 02/26/2004 11:48:15 PM PST by lewislynn (The successful globalist employee will be the best educated, working for the lowest possible wage.)
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