Police Officers Welcome

Discuss issues relating to the Police Force.

Re: Police Officers Welcome

Postby Wolf » Tue Mar 31, 2009 6:43 pm

Dunceton

This is about the American system. I have not validated it. Not interested. I expect you will find something similar in uk if YOU want to research it.

"The rule is that they can’t sell private investment securities that are not registered. The rule prohibits them from selling the prison bonds. They have to wait 6 months before they can sell a certain quantity of private securities without being registered, selling them as private securities.

Basically there are 8 people on the board of directors of CCA (Corrections Corporation of America) The top holders are Joseph E. Russell and John M. Ferguson. Russell owns 64,000 shares of CCA stock, which is worth about $70 million. Ferguson owns 34,000 shares valued at about $37 million.

Fidelity Management and Research is the top stock holder, the top investment firm that is selling the bonds as investment securities. They pool them and sell them as mortgage backed securities. Also when they pool them, they sell them as mutual funds on the stock market. By “pooling” we mean the securities on the inmates.

What they are doing is they are actually taking the mortgage backed securities, which are really bid bonds, performance bonds and payment bonds. They pool these bonds and when they pool them together they call them mortgage backed securities. They take these to TBA which is the Bond Market Association. It’s an actual market for bonds. Anytime a bond is issued there has to be an underwriter. The bonds have to be underwritten. Bonds that are issued have to be indemnified so there has to be surety to indemnify the bonds. The brokerage houses and the insurance companies indemnify the bonds. They’re called surety companies.

After the surety companies indemnify the bonds, which is underwriting them, they do this through an investment banker or the banks themselves do this. They job it out to them. They buy up all these shares and turn around and sell them as investment securities. The shares represent the stock which represent the account of CCA. All of this has been funneled through CCA, the Corrections Corporation of America.

What they are doing is selling stock in the prison system by selling the prisoners’ accounts as securities through the securities exchange. They are making huge amounts of money off it. They privatize the prisoners’ accounts and bring all these investors in and what they are doing is underwriting all these prisoner’s accounts (bonds). This is after the surety company guarantees the bonds. Then they are underwritten through an investment bank or banker. Then they are put out on the market and resold to the public. "
Wolf
 
Posts: 191
Joined: Sun Mar 15, 2009 10:21 pm

Re: Police Officers Welcome

Postby werone » Wed Apr 01, 2009 12:13 am

Hi, If one looks at PFI (private finance initiative) you will see that the banks are heavily involved for profit. One must remember that private corporations are only interested in gain.
The (PFI) corporation prisons are nothing but cell containments that are equivalent to rooms in a hotel, and if that hotel/prison is not full then there is a financial loss to the corporation and this opens the door to punish punative offences that where once dealt with by a ticking off, to a penalty that would incur a sentence. This also opens the door to the possible corruption of the judiciary and the abuse of parliament passing needless legislation.
This has already happened in the U.S. and is now happening here.

So to all police officers that read this thread, If the offender has commited no common law crime and is peaceful, do your best to help him/her by maybe offering a lift home, ticking off, bending ear and a dont do it again. That's what a bobby is all about.
There are some officers who will see this as true but the officers that think its all about tazering etc will fail to grasp the concept.
Be a true constable and you will find that people will back you up.
werone
 
Posts: 33
Joined: Wed Feb 25, 2009 7:13 pm

Re: Police Officers Welcome

Postby woodman » Wed Apr 01, 2009 12:15 am

werone wrote:So to all police officers that read this thread, If the offender has commited no common law crime and is peaceful, do your best to help him/her by maybe offering a lift home, ticking off, bending ear and a dont do it again. That's what a bobby is all about.
There are some officers who will see this as true but the officers that think its all about tazering etc will fail to grasp the concept.
Be a true constable and you will find that people will back you up.


Wise words :yes:
‘Emancipate yourself from mental slavery, no one but ourselves can free our minds’- Robert Nesta Marley (1945 - 1981)

‘All that is required for evil to prevail is for good men to do nothing’ - Edmund Burke (1729 - 1797)
User avatar
woodman
Administrator
Administrator
 
Posts: 1307
Joined: Fri Mar 13, 2009 3:17 pm
Location: Two Dogs Fightin'

Re: Police Officers Welcome

Postby jonboy » Wed Apr 01, 2009 6:13 pm

That's the big difference between a 'police-man' and a 'police officer'. There aren't many policemen left anymore.
"Reason is the life of the law; nay, the common law itself is nothing else but reason. The law which is perfection of reason" Sir Edward Coke 1552-1634.

NO ONE RULES IF NO ONE OBEYS.

It is better to light one candle than to curse the darkness.
User avatar
jonboy
Moderator
Moderator
 
Posts: 1375
Joined: Tue Feb 17, 2009 4:17 pm
Location: Albion

Previous

Return to Police Jurisdiction

Who is online

Users browsing this forum: No registered users and 1 guest