NYC Mayoral Candidate Mismanged City Pensions for Years
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  • jeburke

    Be that as it may, Bill Thompson is the only one of the Democrats who is an adult with something resembling the good sense and pragmatic responsibility to govern a major city. The rest are ideological crazies, as well as either corrupt or personally deranged. This might not matter if there were another Bloomberg or Giuliani on the Republican ticket to keep these pygmies away from power but there is no such person, and the Democrat who wins the primaries, in which perhaps 600,000 people out of 4+ million voters will vote, will be Mayor.

    • jeburke

      I should add two things:

      — The Times “expose” is based on a DRAFT review of the NYC Comptroller’s Office ordered by Republican Governor George Pataki and aimed it Thompson’s predecessor, Alan Hevesi, who served in the office for most of the time examined and who was undoubtedly corrupt, as he was eventually indicted and convicted for conduct as State Comptroller. And in any case, the draft report was just that, a draft. VM fails to mention any of this — quite unfairly.

      — During his tenure as Comptroller, Thompson was generally very supportive of Bloomberg’s economuc development and education policies, which is more than you can say for other Democrars running, particularly the supposed frontrunner, a hardcore ideologue, Bill DeBlasio.

      • Corlyss

        Thanks for the additional info, J. I was about to ask “where was Thompson’s adultness while he was Comptroller?” Generally speaking, it is a monumental mistake to put pols in charge of pension money. The Feds fortunately didn’t make that mistake when they set up the Thrift Savings Plan (http://en.wikipedia.org/wiki/Thrift_Savings_Plan) that was designed to give employees and pensioners some control over some of their money as a supplement to the retirement system inaugurated in 1983. They left management of the funds in the hands of professional money managers.

      • USNK2

        You forgot to mention to ViaMeadia:
        1) spellcheck your titles, and
        2) the NYT endorsed Quinn, and is deliberately trying to taint Bill Thompson to get Quinn into a run-off with deBlasio, who has DailyBeastNewsweek now performing a transformation of deBlasio from ideologue to political genius (not convincing, but…don’t want the stock markets crashing on 9/11 if deBlasio wins with 40%+)
        All five of Giuliani and Bloomberg’s wins were due to overwhelming majorities from Queens and Staten island.
        What concerns me is that ‘Cats’ already has the Liberal party line, which could split the NOdeBlasio vote.

  • Pete

    NYC is devolving back into the Dinkins type era.

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