WAR PROFITEERING
2. VA, Prudential Made Secret Deal
Could this resonate as much as the Walter Reed scandal? Bloomberg
reports that since 1999, Prudential Financial Inc. has had a secret
agreement with the U.S. Department of Veterans Affairs that allows it to
withhold lump-sum payments of life-insurance benefits to the family of
fallen soldiers – so that Prudential can invest that money and keep
whatever money it makes for itself. The arrangement was completely
secret for 10 years until it was put into writing in 2009. “Every
veteran I’ve spoken with is appalled at the brazen war profiteering by
Prudential,” says the executive director of Veterans for Common Sense.
Survivors who request lump-sum payments are sent “checkbooks” –
essentially, IOUs that aren’t insured by the FDIC – instead of actual
checks. Prudential makes eight times as much through the investments as
what it pays in interest to beneficiaries.
Read it at Bloomberg:
http://e.thedailybeast.com/a/tBMj9SLB7SwhTB8Us9YCayQbnuB/dail2
*************************************************************************
Sorrygnat, World Citizen, If in this day a soul shall act according to the precepts and the counsels of God, he will serve as a divine physician to mankind, and like the trump of Isráfíl, 1 he will call the dead of this contingent world to life; for the confirmations of the Abhá Realm are never interrupted, and such a virtuous soul hath, to befriend him, the unfailing help of the Company on high. Thus shall a sorry gnat become an eagle in the fulness of his strength, and a feeble sparrow change to a royal falcon in the heights of ancient glory. 