AMALGAMATED BANK
JOIN US AS WE LOOK AT THE UBC MEMBERS MONEY PUT INTO THE UNION OWNED AMALGAMATED BANK. LETS SEE HOW MUCH IS THERE,HOW IT GOT THERE AND WHERE IT IS GOING
IS AMALGAMATED YET
ANOTHER OF THE UBC BS SCAMS MEMBERS ARE FORCED TO FINANCE SUCH AS
ULLICO. HOW CAN IT NOT BE A BREACH OF FIDUCIARY DUTY TO PUT SO MUCH UBC MONEY INTO AMALGAMATED WHEN
In 2011, it was drowning in the red ink of a deep economic slump, and faced punishment from the Federal Deposit Insurance Corporation as its cash flow evaporated.
"Amalgamated was so under-capitalized in 2011, how did that happen? Because of investment losses,"
According to an enforcement action
filed by the FDIC that year, Amalgamated was under scrutiny for
allegedly allowing delinquent loans to sit uncollected on its books,
even though some were unlikely ever to be repaid. In some cases, the
bank reportedly issued new loans to pay off dud loans and thus avoided or delayed listing the unpaid loans as losses.
WHAT HAPPENED TO UBC FUNDS AS A RESULT OF THIS 2011-2012 ENFORCEMENT ACTION AND THE AMALGAMATED CONSENT ORDER
WHY DID THE LONGVIEW MID CAP FUND GET TERMINATED..
LongView MidCap 400 Index Fund
The Fund was established by Amalgamated Bank This investment was terminated during the 2012 Plan year.
LETS FIND OUT AS WE !!!!FOLLOW THE MONEY!!!!
OTHERS ARE HAVING A LOOK AND OPENING THE DOOR GIVING US A CHANCE TO SEE INSIDE
THE UBC LEFT THE AFL-CIO TO AVOID ARTICLE 19 THAT PREVENTED THE RAIDING OF OTHER TRADES.THIS COMPLICATED DIRTY DOUGS DREAM OF STEALING THE FOOD OFF THE TABLE OF WORKING MEN AND WOMENS FAMILY'S SO HE CAN HAVE BS WALL TO WALL AGREEMENTS. THESE AGREEMENTS THAT STEAL THE WORK OF OTHER TRADES DO NOT SERVE THE MEMBERSHIP.WE HAVE SEEN HOW MUCH THE ICE CREAM CRAPPER CARES ABOUT UBC MEMBERS .STALKING MEMBERS AND THEIR WIVES. TANKING PENSION FUNDS.STEALING RETIREES PENSIONS AND TAKING AWAY THEIR ABILITY TO HAVE HEALTH CARE BENEFITS.THIS MOVE ONLY SERVES TO FEED THE MEGALOMANIACS DESIRE TO BE KING OF ALL LABOR TO LINE "HIS" POCKETS. NOT THE MEMBERS.
AFTER THE AFL-CIO EXODUS DIRTY DOUG TEAMED UP WITH SEIU,TEAMSTERS,LABORERS AND UNITE HERE TO FORM THE SO CALLED 'CHANGE TO WIN" COALITION. UNITED IT APPEARS BY THE COMMON GOALS OF GREED AND THE DESIRE FOR POWER.
NOT LONG AFTER THEY STARTED IT WAS OVER.THEY HAD A RATHER LARGE GIRL FIGHT WHICH INCLUDED PURSE ATTACKS,EYE SCRATCHING AND VERBAL ATTACKS ON MATCHING SKIRTS.DOUGY WAS ONCE AGAIN CHARGED WITH RAIDING WORKERS. BUT WAS THAT IT??
OR WAS IT OVER WHO WOULD OWN AMALGAMATED BANK
IS THE MONEY IN UBC MEMBERS BENEFIT FUNDS BEING FUNNELED, REGARDLESS OF LOSS OR GAIN, TO AMALGAMATED TO FURTHER YET ANOTHER UBC DELUSIONAL SCAM.
A GROUP OF INTERNATIONAL UNION RATS CALLED THE NCCMP WROTE AND GOT INTO LAW BY DEFRAUD LEGISLATION CALLED "SOLUTIONS NOT BAILOUTS" IT IS FALSELY CALLED THE "MILLER KLINE ACT" NAMED AFTER THE TWO POLITICAL RATS WHO IN MY OPINION THEY BOUGHT TO GET IT ON THE BOOKS .IT IS BEING USED AND WILL BE USED BY THESE SAME INTERNATIONAL UNION RATS TO STEAL FROM THE PENSION CHECKS OF RETIREES TO COVER FUND LOSS DUE TO THEIR LOOTING.LOSS FROM SCAMS SUCH AS ULLICO AND AMALGAMATED.
LETS FOLLOW THE MONEY
Amalgamated Bank, another Mccarron scam for sure! Just like ULLICO this self dealing PIG OF A PERSON MUST GO!
ReplyDeleteIf the Federal Government would look into KML Council and the PNC bank they would find money being deposited where it shouldn't be. Jim Kline is the head of the combined funds office and will tell you he doesn't work for the Carpenters. Kline and the employees in the office get the same benefits as a dues paying member while they pay no dues or dues checkoff. I asked how much Kline was getting paid and they won't tell us. We've looked for it on government web page and nothing. They have to have meetings and minutes to the meeting under federal law. They appoint who they want on the board and don't meet most of the time. We ask them who determined Kline's salary and we're told Bill Waterkotte sets the salary and the board doesn't even vote on it. Where are your Democrats to help us? They won't even talk with you about it.
ReplyDeletePillsberry dough boy and Mccarrons son Dan Macdonald, beats rank and file nobody for president of local 1506. Wow Dan your the man!
ReplyDeleteIf anyone runs against DIRTY DOUG'S son they will lose their job . We all know who has the connection with the membership.
ReplyDeleteDid Dirty Doug have another meeting with staff to make sure Danny boy will be the prince? RATS IN THE BROTHERHOOD!!!
ReplyDeleteDIRTY DOUG AND SPINELESS JUSTIN STILL RUN THE SWRCC...
ReplyDeleteSo if spineless Justin is running the swrcc, what are randy thornhill's duties? Is Thornhill paid $300,000 per year to do nothing?
ReplyDeleteHe's the pep rally KING !!! When he retires he's going to sell used cars ..
ReplyDeleteIf the truth be known, DIRTY DOUG thinks RANDY is as "dumb as a box of rocks"
ReplyDeleteIf it walks like a duck it's Dan Macdonald
ReplyDeleteD-Mac who's ya daddy!
ReplyDeleteDoug McCarron and his son Danny Macdonald combined have just a couple of years of working in the field with their tools, yet they have nearly 60 years (combined) working as full time representatives for the Carpenters Union. Do they really know anything about workers' job site struggles?
ReplyDeleteD-MAC? Is that the guy that was put to sleep on a picket line?
ReplyDeleteAll of the post on this blog are true and many illegal. We have to find a way to stop the madness in all areas not keep worrying about our area that we work in. Right now we are getting nothing done and the rats are laughing all the way to thier bank. If a good labor lawyer would start a class action lawsuits suit against these bums I believe you would be surprised how many would sign up.
ReplyDeleteIf nothing else start calling congressman, Department of Labor and FBI. If we all start calling something will happen. The Democrats are done without labors Support so it's time they start doing something for our money. If we don't start now it's going to get worse for rank and file while they call us stupid and laugh at us. If we had the money in our pensions that they are throwing we might be able to save our plans. Most of the Council pensions are in trouble but not the international pension.
I don't understand why the membership doesn't pay attention and get mad enough to fight. It's your future and it's going down the drain fast.
The problem is half the membership doesn't care and don't go to meetings or even read thier pension statement. The other half are a bunch of sheep following the criminal so called leaders off the cliff. We need to start a new blog asking members to get on board and form a coalition of members, contractors and polititions to Clean this mess up. The contractors had better realize they could be charged for unfunded liability for pensions. The polititions need to think they will lose our vote and our PAC money if they don't help us. Most important is the members will lose their pensions and wages if we don't come together.
ReplyDeleteI remember when I joined the union the B.A. got general Foremans wage drove thier own vehicle and got the same benefits as the rest of the members. They worked for us now we work for them. Tell dirty Doug and his rats the boat is sinking they will be the first to jump. Let's stand up and fight these bums.
But having them now signed as office admin paid directly by the international and in an at will status definitely ensures dougs doctrine.
DeleteThere are 3 ways this changes
2 legal
1 not so much but has a very definitive final end
Sooo lets look at the legal first.
Ever
Good luck brother, but anytime I speak at a union meeting they pull the 2 minute rule on you..
ReplyDeleteThe best thing you can do is work non union and negotiate your own contract. Guess what I can keep all my my money without paying the labor broker DIRTY DOUG.
ReplyDeleteA iron worker knocked D MAC out first punch. Nothing like a union bad A$$.
ReplyDeleteYour right this can never be done in a union meeting or with any of Doug's prostitutes. We have to form a coalition outside the union and force the government to enforce the laws of the land. No one said it will be easy but if we don't fight all will be lost. We have a choice to let them play thier game with your money or fight them. The only other option is to go non union which may be our only answer considering the corruption in the Carpenters Union and the government. Just don't set here and let them continue rob you. Think about your salary and then a council Representatives salary. You get what you work for and that's all. A Representatives salary in the KML Council is just part of thier pay. Average Representatives salary over $100000 plus benefits. Let's start with oversized four wheel drive vehicles that they illegally use for personal use all the time. According to the government cell phone can not be used for personal use and they are everyday. Who pays for your cellphone bill. Then add 25 percent onto salaries for Dirty Doug's international pension that is somehow becoming underfunded more every year. Now 10 percent each for council pension, healthcare and annuity. Plus all the meals and parties you can go to. Due the math and it will shock you when you think they were one of us grunts until they started sucking ass. And let's not forget the vacation time and paid holidays they get at members expense. I heard assistant EST Sam Schilling say he felt they were all under paid. We all have choices to make in life and the International is making your choice for you. Wake up and fight these rats or get out and fight for yourself and your family.
ReplyDeleteThere's a reason nothing ever changes in the Carpenters. Most of them aren't smart enough to know they are being screwed. This would never happen in our Union but then again we vote for our representatives.
ReplyDeleteSWRCC REPS ARE APPOINTED. YOU CAN ONLY GUESS BY WHO. DIRTY DOUG AND SUCK A$$ JUSTIN. THATS CORRECT.
ReplyDeleteLook at the latest SW Carpenter Magazine Randy Thornhill has a picture of himself that must be at least 20 years old, that guy is so vain, Box of Rocks and Dirty Doug knows it! All other pics are in color but Thornhills is in black and white!
ReplyDeletehow about those great pictures of Formans and other meetings where guys get paid $100 and $200 to show up. They never talk about The true number of signatory contractors we have in Colorado Arizona New Mexico and Utah.
ReplyDeleteLet's talk about the states dirty Doug burdened California and Nevada with .
ReplyDeleteSWRCC now offers to take your dues out of your vacation check every 6 months and get a free jacket. SOUNDS LIKE ANOTHER DIRTY DOUG DEAL.. Must be another way for the family business to make money.
ReplyDeleteIt is. Check out how its extracted. Look and see if there is any credit union associated with it. Usually under the guise of bldg trades. Then follow the chain.
DeleteIt starts with an inundation of complaints filed at doj and dol. Now i know many have tried but it can be done in the form of petition. If filed correctly it is counted as individual complaints. Get 1000 names = 1000 complaints. Then and only then do the agencies realize there is a fire.
ReplyDeleteHow do we get a petition around the country for everyone to sign. You are right as far as one complaint. I filed a complaint 7 years ago and they say they're still working on it. Remember there is no statute of limitations on fraud even though they tell you they will only go back 4 years. The only way to change is to force the government to enforce the law. Unfortunately after 7 years I find it hard to believe you can get them to do it. Good luck especially with the Democrats.
ReplyDeletePut a phone number and an address on this page so we can get ahold of the government. If we get enough people contacting them maybe they will dosomething for us but I imagine the Democrats won't let them touch the Union leaders. Wake up members we have no friends. It's time to start fighting.
ReplyDeletePoliticians like OUR MONEY BUTTTT they NEED our votes. Rank and file not only repudiated hillary clinton but those who were asking us to vote for her. Doug mccarron spent howww much of your sweat on a candidate who not only would hurt us but would also facilitate mccarron in hurting us worse. The men that pay attention have awoken
DeleteWatch for the motion to secede from both the nrcc and international. Its coming and there isnt a damn thing they can do legally.
DeleteAlll about to change. Laufenberg suit has opened a shit storm can of worms. Uh ohhh. Dougy is in deep shit. I can assure you that 3 fed agencies are actively crawling around as we speak.
ReplyDeleteJust because you write a constitution and rig it to your liking ( as mccarron has slowly done) does not make that constitution legal
Sure doug says its alllll done in a democratic process. Bullshit. Guess what he didnt count on? The rank and file talking to federal investigstors. Uhh ohhh
Ubc tried to get the laufenberg case dismissed yesterday. It was denied. The 76 defendents if found liable and successfully sued MUST BE REMOVED FROM THEIR POSITIONS. this absolutely crushes mccarrons top down strangle hold on the nrcc and philly regions.
Wake up boys and girls. This is the time to effect change
A republican doj, nrlb, dol, and dol labor mgt division
Already the phila region has magically seen their assets " returned" stay tuned
Can you detail what was returned to philly..Can you show me where a dismissal in the Laufenberg case was denied.
ReplyDeleteIt was an agreement. By the attorneys. It seems the motion to dismiss ( not signed by a judge) is in the making
DeleteYes. Let me figure how to post the pic
DeleteOk. Ill explain to the best of my ability.
ReplyDeleteSince the laufenberg case the tone has changed and so has the lexicon of communications from the nrcc to the phila carpenters
In the beginning it was a gung ho takeover. Everything labelled nrcc. New funds created without membership votes. Dues raised without a membership vote.
Now riddle me this?
If 1.6 billion dollars of phila assets were raided then it would stand to reason that those monies would be absorbed by nrcc and any further statements of finances would be based on the now 40000 members and total assests of the nrcc correct?
Well hold on a sec.
After statements mailed ( by law) as to the status of pension funds it was
1. Phila carpenters and vicinity
2. Specificalllly lists active participant numbers in THAT region
3. Lists our assets at 1.6 billion ( est) for fiscal yr 2017.
How can that be?
Wouldnt it stand to reason that the asset would be only what was generated in this region since feb 4th 2016??
Something doesnt add up.
"Something doesnt add up" Agreed .Thank you for your work and please stay on it.Let me know how I can help you.
ReplyDelete"It seems the motion to dismiss ( not signed by a judge) is in the making" The motion to dismiss was filed with the court on August 31 with the no money or lawyer fess to anyone. But what are the rest of the details? ON SEPTEMBER 1st they had an appearance in the court for a Rule 16 conference.. It appears the motion to dismiss was not signed and ordered. The case was extended and a mediation session scheduled for Sept 19,2017
ReplyDelete(1)"we are open to an expedited decision on the legal issue of the suspension of Mr. Laufenberg's account balance in the Northeast Carpenters Annuity Fund pending a determination of the total
losses to the Northeast Carpenters Pension, Health and Apprenticeship Funds, and whether that annuity account balance can be used as a set off against those total losses".
(2)We also discussed our intention to file a Motion for Judgment on the Pleadings with respect to certain claims in the case which are not factually disputed, with the exception of the issue of the reasonableness of the pension supplement,on which we believe expert
testimony is necessary.
(3)we agree that Your Honor's assistance in an early mediation
session would be productive.
SO A DEAL IS IN THE WORKS???
https://www.plainsite.org/dockets/348j3iynp/new-jersey-district-court/laufenberg-v-northeast-carpenters-funds-et-al/ Here is the site to follow the Laughenberg case. Please keep members informed. 9/19/17 was I think the next scheduled hearing.
DeleteThey can make all the deals they want. The list generated by this case is now a confirmed roadmap of corruption minus a few outside names. There are more then set of eyes on this and when it hits the fan dont forget your new jersey senators who were going along with it. The brothers in phila surely will thank you. Sweeney and his corrupt alliances appointing ballantyne to the horizon board will come back to bite him in the ass. Deal alllll they want. The warrants for full federal audit and personal audit are being crafted as we speak.
ReplyDeleteWhat happened to our 100.00 They the ubc took from the working members retirement back in 2011 who has our money
ReplyDeleteThe Ubc staff still get their 200.00 since 2011>2018 on their pension
Delete