THE INFRASTRUCTURE LIE AND SCAM

    “see that the heavy highway industry is thoroughly organized” 

SIGNED: DOUGLAS MCCARRON PRESIDENT OF THE NEW UNION
NATIONAL INFRASTRUCTURE ALLIANCE FEDERATION FILE NUMBER: 000-396

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No what i really mean is we are so concerned with Americas roads and bridges we are willing you give you more of our Pension Funds money because we are good flag waving Yankee Dip a Dee Doodles

So the media blitz for the infrastructure scam has really stepped up. No mention of Obama targeting Pension funds for 50 Billion and the so called private investors  as listed and detailed at Obamas September 2014 Infrastructure summit who are funded by multi employer Pension funds  for 50 billion.

         I wonder how the 400 thousand plus  Teamster retirees that got notices last week from the Central Sates Pension fund that their pension checks are going to be cut in many cases by 50-60-%. Due to the ongoing attack on ERISA law such as the Multi Employer Reform Act legislation written by Union leaders and Mr Defrehn at the NCCMP and NOT Mr MIller or Mr Kllne. Lobbied for by a corrupt ex Politician named Robert Andrews of who after quitting his office rather than face a corruption investigation and was given a job by the NCCMP as a lobbyist.Another  Carpenters Union Frank Spencer FRIEND like Mike Forde,Joesph Olivieri and others who Spencer declared "I wanted to add my name to those encouraging him to run because he's been one of the building trade's biggest advocates throughout his service in Congress," said Spencer in a statement. I would be honored to support Rob in his quest for a Senate seat. Our families deserve no less."

         

       I wonder how the Teamsters facing cuts in their pension checks orchestrated by Union leaders feel. As Pension trustees are responsible for the condition of their pension funds due to their parts in the First Trade Union Bank, now Radius Bancorp, Amalgamated Bank of Chicago and funneling billions to the scams run by ULLICO. The same ULLICO who has been hemorrhaging money for years, committed stock fraud in the Global Crossing debacle, rolled out their infrastructure fund in 2012 and then took a trip to China to solicit investors from labor and trade friendly china(ULLICO(using your money) and the Bank of China are loaning millions to developers) lost their entire ULLICO Casualty Division shut down by the State of Delaware but despite the Fund Trustees obligation under ERISA to only spend fund money in the best interest of the fund participants are still funneling billions to ULLICO.

           

      Its amazing to see the LIUNA web site infrastructure media campaign.Terry OSullivan until a few weeks ago was listed on the NCCMP web site as being on the board of directors. His name has since been removed along with Nigro, Hoffa jr and Wise. This is the same Terrry OSullivan taking $647,000 in one year from LIUNA and close to $100,000 from ULLICO. This is the same Terry Osullivan who is now VP of the NATIONAL INFRASTRUCTURE ALLIANCE FEDERATION FILE NUMBER: 000-396 

With Doug McCarron as President .Sullivan and Walter Wise as Executive Board Members and James Callahann as Treasurer . How did they just start and get $600,000 in their piggy bank. Who gave them the $600,000

                

     Anybody asking what Phylis Borzi of the EBSA is doing traveling around the world with the NCCMP presenting them as “high level decision-making authorities” representing the US” at AEIP summits. It does explain why the EBSA refuses to investigate the actions of these Union multi employer fund leaders as they attack Trustees and Fund administrators and seize funds in Trusteeship . The idea to rob Pension funds for Infrastructure Investments was first brought up in 2005 at the AEIP summit in Barcelona as well as the serious risks involved in investing Pension money in Infrastructure.That is when they also decided to get McQuay Bank of Australia to show them the way. Anybody asking what the UBC PARTNERS the Maqaurie Infrastructure Fund that the Carpenters South West Regional Council has  $132 million tied up in, the UBc International Pension Fund has $18 million in and so on  had to pay the SEC $30 million for??? Any body asking if Obama is behind the attack on ERISA law and the Attack on retirees pension checks??

      I mean I am so moved by the Laborers and other Unions Concern for the condition of Americas infrastructure . I was so relieved to learn this has nothing to do with risking more Retirees Pensions monies for yet another scam . What was the new Unions

THE NATIONAL INFRASTRUCTURE ALLIANCE FEDERATION 

mission statement "dedicated to improving working conditions and promoting overall advancements in the construction industry and heavy and highway trades" or as their bylaws proclaim their purpose is to “see that the heavy highway industry if thoroughly organized”. Like ULLICO Separate J they will loan money to non Union companies to make sure the Unions get their piece of the pie. Your infrastructure concern is touching I was almost in tears