Comments on: Shrewd financiers exploit unsophisticated Maine legislators on taxpayers’ dime http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/ Tue, 29 Nov 2016 04:02:00 +0000 hourly 1 https://wordpress.org/?v=4.8.3 By: Gloria Pynne http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-486892 Wed, 10 Aug 2016 05:32:00 +0000 http://www.pressherald.com/?p=629205#comment-486892 Lovely article – one of the best things I’ve recently read, and by far the most useful. Thanks for the info, you made it easy to understand. So here is my saving grace: PDFfiller helped me to fill out the a form and and esign them. Just try it http://qr.net/bWb8M, you'll love it.

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By: frenchman http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-120480 Sun, 22 Nov 2015 18:43:00 +0000 http://www.pressherald.com/?p=629205#comment-120480 This,was a fraudulent undertaking from the very beginining! Just,look at the transaction. Come on nobody is that stupid to think oh we didn’t know? BS

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By: frenchman http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-120477 Sun, 22 Nov 2015 18:40:00 +0000 http://www.pressherald.com/?p=629205#comment-120477 They new. Come on!

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By: frenchman http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-120474 Sun, 22 Nov 2015 18:33:00 +0000 http://www.pressherald.com/?p=629205#comment-120474 What Maine needs is people that are honest! All the people associated with this tax credit need to be identified. Prosecute them on the basis that they never intended to invest as the bill indicated and therefore did this to defraud Maine and that is against the law! Good luck!

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By: frenchman http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-120468 Sun, 22 Nov 2015 18:28:00 +0000 http://www.pressherald.com/?p=629205#comment-120468 Out with fossil fuels. Make Maine energy independent NOW

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By: Thistle http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-12540 Tue, 28 Apr 2015 01:45:00 +0000 http://www.pressherald.com/?p=629205#comment-12540 The only thing our legislators are interested in and analyze thoroughly is whether the program or project fits into their political messaging and goals.

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By: magicmilly http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-12510 Mon, 27 Apr 2015 22:43:00 +0000 http://www.pressherald.com/?p=629205#comment-12510 WOW….has the AG responded to you?

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By: magicmilly http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12508 Mon, 27 Apr 2015 22:40:00 +0000 http://www.pressherald.com/?p=629205#comment-12508 we’re pawns to the leeches and bottom feeders and those states are just as poor and desperate as we are….that’s who they feed on

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By: manny1856 http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-12470 Mon, 27 Apr 2015 19:18:00 +0000 http://www.pressherald.com/?p=629205#comment-12470 I heard LePage’s portion of this taxpayer rip off was about $1.5 million in an offshore account.

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By: manny1856 http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-12469 Mon, 27 Apr 2015 19:17:00 +0000 http://www.pressherald.com/?p=629205#comment-12469 Where is all the Tea Party welfare outrage at this story? Don’t see any of the usual suspects who will write a paragraph lamenting the overwhelming waste and abuse of all welfare dollars. This is bought and paid for Corporate Welfare.

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By: Jeff Woodbury http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-12433 Mon, 27 Apr 2015 16:31:00 +0000 http://www.pressherald.com/?p=629205#comment-12433 Sometimes I think the PPH thinks Charles Colgan is the only economist in Maine.

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By: AmusedInMaine http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-12388 Mon, 27 Apr 2015 13:43:00 +0000 http://www.pressherald.com/?p=629205#comment-12388 This massive theft from the Maine taxpayers could not have occurred without the direct involvement of Maine’s largest law firm and one of it’s senior attorneys known for his “pro-business” lobbying and maneuvering. How this lawyer can look at himself in the mirror knowing that he was key to his clients ripping off Maine taxpayers for $16 million, and how his firm could allow it, is totally beyond me. I cannot help but wonder how much of this hard-earned taxpayer money the firm and attorney received out of this despicable deal. Shame on both of them for having virtually no integrity and no ethical boundaries.

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By: RevoGen http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-2/#comment-12377 Mon, 27 Apr 2015 12:54:00 +0000 http://www.pressherald.com/?p=629205#comment-12377 The Maine legislature is just as much (if not more so) responsible for this as those “shrewd” businessmen. This should be the focus of the Maine people. Certainly whatever these guys were peddling was disingenuous at best, but our so-called lawmakers (if we’re going to be stuck with such) are the ones passing the “laws”, making these sorts of actions “legal”. The way I see it, everyone who worked on, agreed with and/or voted to approve this debacle ought to be fired on the spot. We will never end the cronyism if all we do is play a meaningless blame game and slap a few wrists. Either these “lawmakers” knew this was a scam or they should have (It is their job) and in either case they have proven unfit for said jobs and ought to be dealt with harshly.

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By: jay fulton http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12372 Mon, 27 Apr 2015 12:40:00 +0000 http://www.pressherald.com/?p=629205#comment-12372 Does that open a legal pathway to claw back the money?

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By: buck http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12364 Mon, 27 Apr 2015 12:15:00 +0000 http://www.pressherald.com/?p=629205#comment-12364 A Republican bill signed by a Republican governor. What say ye Paul Lepage?

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By: Trinket Worker http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12352 Mon, 27 Apr 2015 11:03:00 +0000 http://www.pressherald.com/?p=629205#comment-12352 Well said Thistle

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By: bootjack http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12321 Mon, 27 Apr 2015 01:17:00 +0000 http://www.pressherald.com/?p=629205#comment-12321 It is very clear from the information you provided that the bill died.

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By: bootjack http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12320 Mon, 27 Apr 2015 01:16:00 +0000 http://www.pressherald.com/?p=629205#comment-12320 Economic Development “ED” is a vote winning sound bite. Businesses go where they can make money. If that was Maine they’d be here already.

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By: bootjack http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12319 Mon, 27 Apr 2015 01:15:00 +0000 http://www.pressherald.com/?p=629205#comment-12319 Better yet time to focus on home grown businesses instead of prostituting ourselves to out of state and multi national corporations. Relieve regulations and policies that prevent business start ups and expansions.

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By: bootjack http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12318 Mon, 27 Apr 2015 01:13:00 +0000 http://www.pressherald.com/?p=629205#comment-12318 Perhaps because much of the Media is in bed with and indebted to the corporations.

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By: bootjack http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12317 Mon, 27 Apr 2015 01:11:00 +0000 http://www.pressherald.com/?p=629205#comment-12317 Excellent post!

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By: Goodland http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12300 Sun, 26 Apr 2015 22:50:00 +0000 http://www.pressherald.com/?p=629205#comment-12300 And where is the story on that?

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By: Mackenziella http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12293 Sun, 26 Apr 2015 22:35:00 +0000 http://www.pressherald.com/?p=629205#comment-12293 I answered you but itwas deleted- I have been writing about this subject on My blog Preserving The American Politcal Philsophy since 2009. search Governor Longely -you should find it- hope this one does not get censored.

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By: Mackenziella http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12292 Sun, 26 Apr 2015 22:32:00 +0000 http://www.pressherald.com/?p=629205#comment-12292 The media always covers corporate welfare using rose colored glasses.

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By: Mackenziella http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12291 Sun, 26 Apr 2015 22:31:00 +0000 http://www.pressherald.com/?p=629205#comment-12291 Whenever something like this occurs the Maine legislature is potrayed as just an innicent naive buch of country bumpkins – that’s why.

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By: Mackenziella http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12290 Sun, 26 Apr 2015 22:30:00 +0000 http://www.pressherald.com/?p=629205#comment-12290 If it were true that Maine Taxpayers owed these shysters 91 million dollars- imagine the jobs that could create if left in private sector pockets- not transferred to state and then put in other private sector pockets which in this case are not even in Maine.

I do not believe there is a legal fraud though because it is premised on a statute that was codified after it died in teh legislature ! That is not legal ! So no legal fraud !

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By: Goodland http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12287 Sun, 26 Apr 2015 22:17:00 +0000 http://www.pressherald.com/?p=629205#comment-12287 To quote Nancy Pelosi — “We Have to Pass the Bill So That You Can Find Out What Is In It.”

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By: markusinger http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12272 Sun, 26 Apr 2015 21:20:00 +0000 http://www.pressherald.com/?p=629205#comment-12272 Can we have these crooks whacked?

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By: StrangeOneClearcut http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12264 Sun, 26 Apr 2015 20:32:00 +0000 http://www.pressherald.com/?p=629205#comment-12264 Take a good look at Hollywood and how they use lowered Taxes with promises, etc that never do good for the States.Hollywood gets a State to give them all kinds of tax rebates and lowered taxes .Hollywood tells its lies on how the State will save so much money which it never does.Google it and research.

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By: JustAGnome http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12251 Sun, 26 Apr 2015 19:25:00 +0000 http://www.pressherald.com/?p=629205#comment-12251 It was a Roll Call vote found under HP 0778 and LD-1043. It is also codified in P.L. 2011, Chapter 380, Part Q, Subchapter 12, Section 1100-Z. Since this was part of a very large budget package (620 pages), more likely than not, nobody but the lobbyists read it. This was not an extraordinary event. The Legislature has a consistent history of passing laws without considering the financial ramifications of what they vote for.

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By: tarheel5 http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12249 Sun, 26 Apr 2015 19:16:00 +0000 http://www.pressherald.com/?p=629205#comment-12249 What can we do NOW to change this? Is it possible for our legislature to repeal bad laws? Can the FAME board be suspended?

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By: tarheel5 http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12248 Sun, 26 Apr 2015 19:14:00 +0000 http://www.pressherald.com/?p=629205#comment-12248 The law put forward by Sen. Kevin Raye, Paul Lepage, and Emily Cain, was written by fellows in suits who spoke with big words, but promised “Jawbs”, and that was all they needed to know. They knew that the tax-payers of Maine don’t care how our money is spent as long as it doesn’t go to poor people or education, and it’s especially exciting if some rich people promise “Jawbs” for everyone, also no income tax, that’s exciting, too. Why do we need them sophisticated people with their intellect.

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By: yathink2011 http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12246 Sun, 26 Apr 2015 18:50:00 +0000 http://www.pressherald.com/?p=629205#comment-12246 Maybe it’s time to elect someone smarter

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By: Thistle http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12239 Sun, 26 Apr 2015 18:40:00 +0000 http://www.pressherald.com/?p=629205#comment-12239 The boards of the respective programs have almost exclusive control over the process. Think Efficiency Maine and how little oversight they get.

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By: Independent_Mainer http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12235 Sun, 26 Apr 2015 17:54:00 +0000 http://www.pressherald.com/?p=629205#comment-12235 Fiduciary agreement with their clients. They did what they were paid to do, get the bill through the Maine Legislature. Are they looking out for the state’s best interests? No. They’re looking out for their clients. Both Pierce Atwood and Preti Flaherty lobbyists roam the halls in the capitol. They sit on the back benches in the Senate chamber like a bunch of puppeteers.

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By: Independent_Mainer http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12234 Sun, 26 Apr 2015 17:49:00 +0000 http://www.pressherald.com/?p=629205#comment-12234 How so?

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By: Thistle http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12231 Sun, 26 Apr 2015 17:31:00 +0000 http://www.pressherald.com/?p=629205#comment-12231 Katz, as an attorney, more than likely just extended professional courtesy and did not question his fellow attorneys at Pierce Atwood.

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By: Thistle http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12229 Sun, 26 Apr 2015 17:24:00 +0000 http://www.pressherald.com/?p=629205#comment-12229 If the people in the townships who took the payoffs for siting windmills around themselves actually read some of the decommissioning annexes of the approved plans, they would not have been so quick to accept the money.

Almost every decommissioning annex I have read, has no teeth in the establishment and maintenance of the escrow supposedly built over a 15 year period. The worst part of these annexes is that the wind companies are allowed to make outrageously inflated valuations regarding the scrap when these things have to be retired.

By inflating the valuations, the escrow requirement is smaller.

There are also almost no provisions for what happens to the escrow when the original wind companies, after having sucked all the tax and rate payer profit out of the projects up front, sell the projects. They will sell their interest to some schmuck of a firm that believes there is still money to be made off just the power purchase agreements and the escrow fund will, like the complicated mess that is the subject of this report, mysteriously shrink or disappear.

After Schmuck LLC goes belly up, the taxpayers of Maine will be left paying to remove rusting hulks and returning the site to original condition.

Such a deal. Maine’s elected and appointed officials have no clue how any of these tax credit and other incentive programs really work. Every single program needs to be reviewed and the legislature needs to be made to either put their stamp of approval on them or kill them.

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By: Thistle http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12226 Sun, 26 Apr 2015 17:15:00 +0000 http://www.pressherald.com/?p=629205#comment-12226 The Treasurer’s office has nothing to do with these kinds of funding.

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By: Thistle http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12225 Sun, 26 Apr 2015 17:14:00 +0000 http://www.pressherald.com/?p=629205#comment-12225 The real culprits are dismissed with barely a nod.

The bill was written by the attorneys at Pierce Atwood. They are one of two law firms in Portland – the other being Preti Flaherty – that do extensive business drafting legislation in the terms their clients (not the citizens of Maine) tell them to write.

Then these law firms chart a course for lobbying the legislature which really is nothing more than a payoff for former legislators who still have influence.

Do these attorneys owe anything to the taxpayers of Maine or are they obligated only to their customers? Legally, it is the latter.

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By: Robert Petrillo http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12224 Sun, 26 Apr 2015 17:12:00 +0000 http://www.pressherald.com/?p=629205#comment-12224 Does anyone involved or interested in this mess know the names of the individuals who signed the papers initiating and approving these loans? Is that legally obtainable information? You know, if a store owner was selling fraudulent goods or engaging in unethical business practices, and a formal complaint was brought and investigated, wouldn’t the press report the name of the business owner, usually his or her age, and city or town of residence? I’m not sure what purpose might be served other than as a public warning to other states, but if we had a front page story with the names and pictures, say, of these “businessmen and women,” wouldn’t that be fair game? Does the FOA allow for that? I’m just thinking: these parasites need to be called out to possibly protect others.

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By: Independent_Mainer http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12222 Sun, 26 Apr 2015 17:08:00 +0000 http://www.pressherald.com/?p=629205#comment-12222 I agree! Maine’s number one industry is tourism, and the number one reason people visit Maine is for the scenery. It’s time for a moratorium on all wind turbines in the state of Maine.

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By: Independent_Mainer http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12221 Sun, 26 Apr 2015 17:07:00 +0000 http://www.pressherald.com/?p=629205#comment-12221 I wonder what Bruce Poliquin – the Harvard-educated, Wall Streeter, and man of the hard-working people of Maine – was doing as State Treasurer when these out-of-state financiers ran rough-shot over the Maine Legislature. Obviously not protecting the state’s interest.

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By: Gene Masseth http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12217 Sun, 26 Apr 2015 16:58:00 +0000 http://www.pressherald.com/?p=629205#comment-12217 but are the financiers buying peanut butter cups and potato chips with their welfare?

Debt is not capital. It has been a corporate and financial industry obsession for more than two decades to present debt as capital investment, as in the internet bubble, Enron, AIG or Lehman Brothers, among others. Rewarding debt and capital equally in public incentives should be one of the first things to guard against to protect Maine taxpayers.

That’s not terribly sophisticated, but it does require the courage to stand up to people throwing money and influence around Augusta, promising jobs, jobs jobs. because you don’t want to be against jobs, do you? Can we please stop falling for these corporate finance driven shenanigans, please? And can we please stop voting for the people that do the bidding of those looking for easy money?

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By: Roy Gutfinski http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12204 Sun, 26 Apr 2015 16:21:00 +0000 http://www.pressherald.com/?p=629205#comment-12204 I have known Roger Katz for many years and he is a sharp and competent attorney who has assisted in the management of complicated financial affairs for many of his clients. To lump him in with “unsophisticated” legislators is unfair. On the other hand, how could a man such as Mr. Katz allow himself to be duped by this group of out of state financial manipulators?

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By: SPLAX http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12199 Sun, 26 Apr 2015 16:04:00 +0000 http://www.pressherald.com/?p=629205#comment-12199 What does codified mean and where does this issue then stand?

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By: diogenese2 http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12183 Sun, 26 Apr 2015 15:26:00 +0000 http://www.pressherald.com/?p=629205#comment-12183 How many lawyers & CPAs serve in the Maine Legislature?
How many lawyers & CPAs are full time employees of the State ?
How many legislators have served multiple terms in the Maine Legislature?
WHAT IS WRONG WITH THESE PEOPLE ?!

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By: Chocolate http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12168 Sun, 26 Apr 2015 14:54:00 +0000 http://www.pressherald.com/?p=629205#comment-12168 The legislature is overwhelmed, and they are being duped by international financing scoundrels. Every time I see the words “economic development” I wince, and ask myself now what are they doing to us?

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By: Chocolate http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12164 Sun, 26 Apr 2015 14:42:00 +0000 http://www.pressherald.com/?p=629205#comment-12164 The committee that originally reviewed the bill had no one experienced in banking or finance in its membership. This committee did not then, and does not now have the capacity to ferret out a financial hoax in the complexity of this tax credit legislation. They rely on information from Maine lobbyists who are paid to get these financial scams passed into law, and ultimately to enrich global financial institutions, and banks with the desperately needed tax money from Maine’s poor.

The financiers focus on poor states like Maine with part-time legislators. The financiers and banks that author these laws are financial experts. A sad fact of our current economic , global environment is that the strong prey on the weak, the rich prey on the poor. They recently took a $ 16. 0 dollar payday from GNP. It’s time for the people in Maine to say ENOUGH. This bill must be repealed.

Many, Many thanks to the Maine Sunday Telegram for the time and research that has gone into this article. Very important information was presented and made understandable to the average citizen. Please keep up this important work that you have begun.

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By: SPLAX http://www.pressherald.com/2015/04/26/shrewd-financiers-exploit-unsophisticated-maine-legislators-on-taxpayers-dime/comment-page-1/#comment-12159 Sun, 26 Apr 2015 14:25:00 +0000 http://www.pressherald.com/?p=629205#comment-12159 Peter Mills quote “At least I know enough to ask the right questions.”
Mr.Tennille(from Arkansas)quote ” ‘Oh look! We found a way to turn $16 million into $40 million and pump it into the paper mill.Good for us. Aren’t we smart?”

Ask questions(or look the other way)…
-why did New Markets efforts fail in 2009 yet still became a law in 2011?What Changed in 2 years to make this ‘deal’ work?the wrong group of house/senate members?More ‘monies’?
-Why did then Senate Pres. Kevin Raye sponsor the bill?Don’t you look at what is being put in front of you?
-How do three firms hire House Republican leader Josh Tardy to lobby for this
bills passage and no questions publicly were asked about this bill?

One point -the initial investment of $16million for $40 million($24million return on investment)is a pretty damn good return;I wish all my returns on investment were this good!
It also seems to me that no one wants asks any question. It seems to be damage control and sympathy for the state policy makers.

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