<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div style="RIGHT: auto"><SPAN style="RIGHT: auto">I wonder if Perry would insist on a clause to pay out if the teachers were taken in the Rapture. <VAR id=yui-ie-cursor></VAR></SPAN></div>
<div style="RIGHT: auto"><SPAN style="RIGHT: auto"></SPAN> </div>
<div style="RIGHT: auto"><SPAN style="RIGHT: auto">Donovan Arnold</SPAN></div>
<div><BR></div>
<DIV style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<DIV style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt"><FONT size=2 face=Arial>
<DIV style="BORDER-BOTTOM: #ccc 1px solid; BORDER-LEFT: #ccc 1px solid; PADDING-BOTTOM: 0px; LINE-HEIGHT: 0; MARGIN: 5px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; HEIGHT: 0px; FONT-SIZE: 0px; BORDER-TOP: #ccc 1px solid; BORDER-RIGHT: #ccc 1px solid; PADDING-TOP: 0px" class=hr contentEditable=false readonly="true"></DIV><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Tom Hansen <thansen@moscow.com><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> Moscow Vision 2020 <vision2020@moscow.com><BR><B><SPAN style="FONT-WEIGHT: bold">Cc:</SPAN></B> Penni Cyr <cpenni@gmail.com><BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, September 5, 2011 7:07 PM<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> [Vision2020] Perry Conspired to Raise Revenues From Deaths of Texas Teachers<BR></FONT><BR>
<DIV style="RIGHT: auto" id=yiv36216592>
<DIV></DIV>
<DIV>Tea, anyone?</DIV>
<DIV><BR></DIV>
<DIV>Courtesy of <SPAN id=misspell-1 class=mark>ThinkProgress</SPAN> at:</DIV>
<DIV><BR></DIV><A href="http://thinkprogress.org/economy/2011/08/26/304672/rick-perry-monetize-teacher-deaths/" rel=nofollow target=_blank>http://thinkprogress.org/economy/2011/08/26/304672/rick-perry-monetize-teacher-deaths/</A>
<DIV style="RIGHT: auto">
<DIV><BR></DIV>
<DIV>------------------------------</DIV>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Calibri, Arial, sans-serif; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; FONT-SIZE: 15px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px"><SPAN class=yiv36216592Apple-style-span><SPAN style="LINE-HEIGHT: 15px" class=yiv36216592Apple-style-span>
<H1 style="PADDING-BOTTOM: 10px; LINE-HEIGHT: 1.15em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: rgb(216,159,0); FONT-SIZE: 1.7em; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 0px"><A style="COLOR: rgb(216,159,0); TEXT-DECORATION: none" href="http://thinkprogress.org/economy/2011/08/26/304672/rick-perry-monetize-teacher-deaths/" rel=nofollow target=_blank>Rick Perry Conspired With Multinational Bank To Raise Revenues Off The Deaths Of Texas Teachers</A></H1>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.25em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; COLOR: rgb(102,102,102); VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px" class=yiv36216592byline>By <A style="COLOR: rgb(51,51,51); FONT-WEIGHT: bold; TEXT-DECORATION: none" href="http://thinkprogress.org/author/lee-fang/" rel=nofollow target=_blank>Lee Fang</A> on Aug 26, 2011 at 9:30 am</div></SPAN></SPAN>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Calibri, Arial, sans-serif; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; FONT-SIZE: 15px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px"><SPAN class=yiv36216592Apple-style-span>Writing for the <SPAN id=misspell-2 class=mark>Huffington</SPAN> Post, reporters Jason <SPAN id=misspell-3 class=mark>Cherkis</SPAN> and Zach Carter published a jaw-dropping story yesterday about a scheme by Gov. Rick Perry (R-TX) to “set up a business of <A style="COLOR: rgb(51,51,51); TEXT-DECORATION: underline" href="http://www.huffingtonpost.com/2011/08/25/rick-perry-texas-life-insurance-scheme_n_935666.html?view=print&comm_ref=false" rel=nofollow target=_blank>teacher death speculation</A>.” Perry and his
officials entered negotiations in 2003 with the Switzerland-based multinational bank <SPAN id=misspell-4 class=mark>UBS</SPAN> to allow the firm to buy life insurance policies on public teachers, then package the policies into securities that could be sold to speculators across the world. As teachers died, the securities would become profitable, and the money from the plans would be split between <SPAN id=misspell-5 class=mark>UBS</SPAN> and the Texas government.</SPAN><BR></div>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Calibri, Arial, sans-serif; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; FONT-SIZE: 15px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px">According to sources and notes provided to the <SPAN id=misspell-6 class=mark>Huffington</SPAN> Post, the Perry administration solicited support for the idea from teacher associations, and pressed a deal where teachers would receive between $50 and $100 to sign a contract granting <SPAN id=misspell-7 class=mark>UBS</SPAN> the right to bet on their death using life insurance policies. Perry’s budget director Mike <SPAN id=misspell-8 class=mark>Morrissey</SPAN> said it would take up to 12 years for Texas to “earn” money from the scheme, but eventually the state
would gain a $700 million windfall if the system could recruit 40,000 retired teachers.</div>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Calibri, Arial, sans-serif; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; FONT-SIZE: 15px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px">An intriguing twist to the story is former Sen. Phil <SPAN id=misspell-9 class=mark>Gramm</SPAN> (R-TX), who joined <SPAN id=misspell-10 class=mark>UBS</SPAN> as a top executive after he left the Senate and has served as a political mentor to Perry since the late ’80s. <SPAN id=misspell-11 class=mark>Gramm</SPAN>, an architect of Wall Street deregulation while in Congress, aggressively lobbied the “gruesome” deal:</div>
<BLOCKQUOTE style="PADDING-BOTTOM: 0px; LINE-HEIGHT: 22px; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 10px 50px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Calibri, Arial, sans-serif; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; FONT-SIZE: 15px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 0px">
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px"><SPAN id=misspell-12 class=mark>Gramm</SPAN> and <SPAN id=misspell-13 class=mark>UBS</SPAN> had concocted a gruesome combination of what are now regarded as two of the most infamous Wall Street scams on record. The resulting package closely resembled the growing market for mortgage-backed securities, but instead of allowing Wall Street to bet on peoples’ homes, it would enable bets on peoples’ lives. [...]</div>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px"><B>The plan was to have <SPAN id=misspell-14 class=mark>UBS</SPAN> buy the life insurance policies with mega-insurer <SPAN id=misspell-15 class=mark>AIG</SPAN>, then bundle those policies into securities</B>, and sell them off to a small group of investors. By keeping the investor group small, <SPAN id=misspell-16 class=mark>Gramm</SPAN> could avoid the public and regulatory scrutiny required by standard public securities sales. He <SPAN id=misspell-17 class=mark>wouldn</SPAN>’t even have to disclose details of the scheme to the Securities and Exchange Commission. [...]</div>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px">In one ghoulish section from the meeting notes, <B><SPAN id=misspell-18 class=mark>Gramm</SPAN> emphasized that the actual payments to the state would depend on who died, and when. “These amounts depend on interest rates and deaths,”</B>the notes read. “They can’t price it yet, or estimate the amount of money available annually to <SPAN id=misspell-19 class=mark>TRS</SPAN> until the bank looks at the universe of those participating.”</div></BLOCKQUOTE>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Calibri, Arial, sans-serif; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; FONT-SIZE: 15px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px"><SPAN id=misspell-20 class=mark>Gramm</SPAN> <A style="COLOR: rgb(51,51,51); TEXT-DECORATION: underline" href="http://thinkprogress.org/economy/2011/08/14/295535/gramm-endorses-perry/" rel=nofollow target=_blank>endorsed</A> Perry earlier this month and hinted at a major role in his campaign, and perhaps presidency. Although Perry failed at enacting his dead-teachers speculation scheme as governor, its not clear if he will try again with a similar plot if takes the White House in 2012.</div>
<div style="PADDING-BOTTOM: 5px; LINE-HEIGHT: 1.5em; BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: transparent; MARGIN: 0px; OUTLINE-COLOR: ; PADDING-LEFT: 0px; OUTLINE-WIDTH: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Calibri, Arial, sans-serif; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; FONT-SIZE: 15px; VERTICAL-ALIGN: baseline; BORDER-LEFT-WIDTH: 0px; FONT-WEIGHT: normal; PADDING-TOP: 5px">Read the <A style="COLOR: rgb(51,51,51); TEXT-DECORATION: underline" href="http://www.huffingtonpost.com/2011/08/25/rick-perry-texas-life-insurance-scheme_n_935666.html?view=print&comm_ref=false" rel=nofollow target=_blank>full story</A> at the <SPAN id=misspell-21 class=mark>Huffington</SPAN> Post.</div>
<DIV>------------------------------<BR> <BR>
<DIV><SPAN id=misspell-22 class=mark>Seeya</SPAN> round town, Moscow.</DIV>
<DIV><BR></DIV>
<DIV>Tom Hansen</DIV>
<DIV>Moscow, Idaho</DIV>
<DIV> </DIV>
<DIV><BR></DIV>
<DIV> </DIV></DIV></DIV></DIV><BR>=======================================================<BR>List services made available by First Step Internet,<BR>serving the communities of the <SPAN id=misspell-23 class=mark>Palouse</SPAN> since 1994.<BR> <A href="http://www.fsr.net/" target=_blank>http://www.fsr.net</A><BR> <SPAN id=misspell-24 class=mark>mailto</SPAN>:<A href="mailto:Vision2020@moscow.com" ymailto="mailto:Vision2020@moscow.com">Vision2020@moscow.com</A><BR>=======================================================<BR><BR></DIV></DIV></div></body></html>