Lux Living Inbox Rant - Tenant Drowns in Garbage

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unit-1.jpg"I am FURIOUS right now. I just went to find something in my storage unit and it is COVERED in garbage! There's SO much garbage that I couldn't fit it all into one photo. I was only able to remove one box at a time from my unit making it fucking IMPOSSIBLE to find what I needed. There was a maintenance man there and he told me they weren't planning on hauling the junk away until Monday. I'm half tempted to throw it out in front of the fucking building so those assholes from the leasing office can parade their latest batch of victims past it so they can see what they have in store for them. I'll be sending the photos to NTT Services as well."

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152 Comments

All that crap should be taken and dumped outside of Jerry's uptown mansion.

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In the almost 25 years I have lived in Stuyvesant Town I have never seen such an overwhelming amount of garbage on a regular basis. This is a direct result of the property being turned into a transient community as opposed to a stable community. This is the contribution of Tishman Speyer. The sooner these opportunistic parasites go belly-up and get out of our lives the better. They are worse than the plague of bedbugs, roaches, rats and mice all put together!

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Well I'm glad to see that management is finally composting!

As everybody should know by now, composting controls the natural decay of old mattresses, aquariums, and clothes hampers by providing the right conditions for composting critters to convert your old household items into something that can be used in the front garden! Building porters have introduced water, bacteria, and fungi into the carriage room so as to break this stuff down in a moist, aerobic environment. The final product will be rich, dark, crumbly form of decomposed organic matter.

Hey... there looks like there's some good stuff there !

Isn't that a fire hazard? Also, why is it that people leave bags of oozing garbage in the recycling area near the storage units? We have some very stupid and lazy slobs living here now.

Yes we do. And loud and vulgar.

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I'm sure we'll all be seeing that stuff in the nefarious dumpster on Monday morning - I call dibs on the table and that stainless steel kettle!

I took these photos and submitted them earlier with my email. Not soon after I ran into a leasing agent giving one of her tours. I told her what a dump this building this place has become since TS took over, especially on the weekends. She didn't want to hear any of it said she only shows apartments. She went on to show the people the laundry rooms and storage area. I invited her to show the people my unit swimming in shit including a mattress with god only knows what crawling in it. She finally said "honey, it will only get better" to which I replied "after ten years it's progressively getting worse." The people looked like deers caught in headlights.

I was talking to a neighbor about it afterward and he said he gives them shit too when he sees them giving the tours. Sharing information like the time when the ONE respectable person in management said "it's not a matter of IF your bike gets stolen, its a matter of WHEN," when he went to register his new bike. Those storage / bike rooms are filthy and out of the range of all the cameras. And to make it worse they have changed the lock on the door to the area so many times most residents don't have keys for the lock which means there's garbage in the T hallway all the time. Nasty place.

Is it time we invited the FDNY and the Department of Health to take a look at the garbage situation on these premises? Of course, in the time of Bloombastard it's hard to know who's on his payroll and who is not.

Let me take that back. I'm sure no one in the FDNY is on Bloombastard's "payroll" but you never know with the health department and it is pretty obvious that he has the sanitation department well taken care of!

i went to my storage unit in 3 peter cooper road today... i was astonished to see how filthy it's become. there was a bed headboard leaning across the door to my unit.

also, the garbage area in 2 peter cooper, where i live, is FILTHY! is there anyone on duty on saturday to clean up?

I don't see anyone on duty on Saturdays anymore. I think they have cut the maintenance staff to practically zero. Why pay for a storage unit here when you might get bedbugs, roach and rat infestation, etc.? The trademark of Tishman Speyer is filth and vermin. Rather befitting of the TS family, I think.

Since Tish-Spy is renting to students, why doesn't Tish-Spy and/or the respective university take responsibility for providing the same students with a service that disposes of unwanted stuff at the end of their stay. The current situation is not working and interferes with the health and well being of those who continue to live here. The expectation that students will move out comes with the territory and needs attention by management.

Does anyone know if the student renters pay Tish-Spy directly or is the cost of their rent part of university housing?


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i am so incredibly sick and tired of you people having nothing better to do than complain all day long. you must have very pathetic and sad lives. i have lived here for 30 years, so have my parents and my brother. it is a beautiful place to live, clean, safe and if offers so many things you can't find anywhere in this city; trees, grass, benches, playgrounds, young people, old people. me and thousand others love it and enjoy it but accually have jobs and lives and have better things to do than constantly write negative things on here.

unfortunately some people here(look in the mirror) don't believe in any kind of change, they want things to be the way they were 20 years ago, pay the same kind of rent, have the same amount of people working here etc. why don't you wake up and smell the roses, tell me of any company in this country or around the world that doesn't cut back. it is still a beautifull place to live anf if guys don't like it here guess what MOVE.

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Now THAT is one of my pet peeves - the seeping bags of garbage. You don't need an advanced degree in anything to know how to work the garbage chute! I don't know why they don't use it! Strange!

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If you are so incredibly sick and tired of us people ..... do yourself a favor and don't read this site. I have to say this though: I think you are full of shit.

Of course you think I am full of shit because I don't agree with you. Anyone who acctually enjoys living here and finds it to be a beautiful nice place to live is full of shit. The only people that are right are the ones that bitch and moan all day long. You say you have lived here for 25 years; in that case you have seen new windows, new elevators, new lobbies, new intercoms, new playgrounds, new tress and plants. All for the enjoyment of the tenants. People for years used to complain "our elevators are so old, they are so slow", now they complain "but we have to pay for them?". Like I said before people believe in socialism, the government should take care of us, it is their responsibilities. You guys amaze me.

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Well. I do agree with skibummonel that this complex is better than all other complexes and that the grousing and moaning on this site has become incessant, like white noise. Anyway, being the best does not justify all of our owner's actions, so "love it or leave it" is a silly argument.

After all, isn’t there a dichotomy between loving one's apartment and loving the landlord? Can I love our apartment with all of our exquisitely handcrafted curio items whilst not loving elevator MCIs, pressurized walls, and mice in the laundry room? Of course I can!

Now if I may, I'd like to get back to applying coconut oil to Mother's dramatic bronze-look kissing cherubs statuette.

Skibum, do you go out much into Stuy Town? Seriously. If you are who you say you are--a resident of 30 years--then you would notice, at least, a degradation in appearance in Stuy Town. The plantings of last year can't hide that fact. (I just did a tour a Stuy Town this week and have photographic proof for you over at my blog. Check it out.)

Have you seen the Oval this year and what a horrid mess the lawn is? Have you gone to your recycling area and seen the garbage all over the place? Have you had to bypass (hopefully) the dog smears and occasionally unpicked dog crap along the walkways? Are you fortunate enough not to live near some party animal college types?

I agree with you that people's comments can go overboard at times, but the reality is that Stuy Town and Peter Cooper Village have gotten worse since Tishman Speyer took over. There is just too much evidence that proves this.

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Sure I've seen new windows, intercoms, elevators, etc., but none of them is an improvement, just a replacement and in many cases - such as the intercoms - an unnecessary and expensive downgrade. The old windows needed replacing, but the new ones are inferior; they're hard to clean on the outside, have no argon gas between the panes because they were incorrectly installed and are in no way an improvement - and we're still paying for them. The elevators had to be replaced; the old ones were worn out and dangerous. As for the trees and plants: well, you leave me speechless! I guess you don't remember the beautiful old shade trees and the lush grass. Or maybe you just don't get out much anymore. If you've really been here 30 years, then you are no doubt paying a very low rent. Somehow though I find your claims a little dubious.

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Thank you, Edna. That was very well said. I also love my apartment and would hate to move, but I don't love my party animal dormie neighbors and the degradation of the quality of life that I've seen since Tishman Speyer acquired the property. We're still upscale compared to the city housing projects - just, but that's not a lot for TS to boast about!

You say you don't believe me, after your latest comment i am certain you are full of shit and probably don't even live here. For you to say the new windows are inferios to the old ones is insane. I live on avenue c facing the river and the fdr. With the old windows i could never close all the way my bathroom window for years. with the new ones(and they are double windows wether or not htey have gas) i can close them all the way and i can't hear anything that is going on outside so as far as i m concerned it way a huge improvement.

The new intercoms are far superior to the old ones and totally necessary; now you can acctually see who is coming in when you are buzzing someone in(i am sure you will say now that they don't work; funny mine have never been broken in the 18 months i have had them).

as for the trees and grass they are still there. they planted last year about 100 beutiful cherry blossoms in front of my parents buiding in petter cooper and they are magnificent. it is not Buchard Gardens in Victoria or the Palace of Versailles but it is beautiful.

By the way how come everyone constantly complains about tishman speyer; met life started to destabilize apartments and get market value for them in 2001, met life removed those chain link fences from around the property because they said it looked "institutional" (and i agree it did), met life instated those garbage containers on avenue c. funny no one says one work about met life now but when they owned the complex people were complaining about met life.

i do agree that tishman made a mistake buying the property, because they did not realize what they got themselves into. one of the major reasons met life wanted to sell this place was because they did not want to deal with the masive amount of complains people in this complex have(remember this wasa cash cow for met life, no mortgage).

I think your annoyance is misdirected skibummonel. The real culprits are MetLife, who was anxious to unload the property and make a killing in the over-inflated housing market and Tishman Speyer who greedily jumped in and bought the property without doing due diligence because they wanted to make a killing of their own which involved getting rid of all the rent stabilized tenants. Tishman Speyer was duped by MetLife and now we tenants are suffering as a consequence. MegaGreed swindled MegaGreed and the little guy has to pay.

it's funny because i thought we lived i america, a place where making money selling(or as you put it making a killing)an investment at it's highest is what most companies what. in todays day and age i understand that it is looked down on to make money. we are going to socialism anyway so we should let the government regulate everything(they are on their way of doing that anyway). i did own met life stock and it did very well thank you after the sale of the property(or i guess i should apologies for making some money).

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If I didn't live here why would I give a crap and bother to post on this board? I'm glad your windows work well. Mine don't. The glass is steamed up all the time on the inside because of the lack of argon gas. They came round and removed the argon gas from all the windows when they found they were imploding. Maybe they missed yours. Lucky you. As for the intercoms, mine has been broken more than it's been working since they put it in. I don't care much for the fact that I have to sprint from the bedroom to the living room if I want to see who's ringing my bell and in order to let someone in. I found it much more convenient to have the intercom operated by the phone because then I could buzz people in from anywhere in the apartment. If I'm expecting a visitor or a delivery I don't need to see them on a screen. If I was not expecting anyone and I could speak to them on the phone and decide they are not on the up and up, I could just hang up the phone. Anyway, different strokes for different folks. I'm glad you are so contented with all the changes and have not been adversely impacted by them.

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I guess you missed the recent Wall Street meltdown! Where ya bin? LOL!

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Edna, a good thing for cleaning bronze (though I'm not sure about "bronze-look") is Worcestershire sauce. It really makes it shine.

That's a really cute rant but unfortunately it's WAY off topic and doesn't address the obviously filthy conditions these photos shows. So fuck off and get back to work in the management office.

Skibum, 100 cherry blossoms in front of a building in Peter Cooper? We are talking trees here? I have to take a good tour of PC and take some photos.

Please answer me this, skibum. Do you think the Oval lawn looks the best it's looked in the 30 years you have been here?

You've obviously confused this blog with the one that LIKES Tishman Speyer as a landlord.

That blog can be found at: www.robbiespeyerisupmybutt.com

You must have confused the URL's.

that is very nice, you must be a very educated man, NOT. so in other words you are not blaming any of the people who trow out all that garbage. the workers are supposed to pick it up the minute it gets down there. where do you xanadu????????

people were complaining for years about the large pile of garbage(all those black plastic bags)that they would leave outside on the oval loops for one or two days before the sanitation department would pick them. people would say "that is why we have all those rats" can't they something about that? well they did, they put this 3 garbage containers on avenue c and rather than having them on the sidewalk they go right into the container. guess what people now are complaining about the containers. they can't win can they, you guys will find somethinf to compalin about no matter what.

Manny!!!! Not funny! You little potstirrer! Thought you could get away with it didn't you. I recognize that spelling and grammar. Petter Cooper and your 1000 cherry trees! You forgot to say "Come see for youself."

It's the maintenance people who pile it by the door / units, not the tenants.

Again, stay on topic. I am not talking about bags of garbage around the loop.

yes go do that but i am sure the pics will be too nice and will not find theie way here. look in front of 530 east 20th street, 5pcr, 6pcr, 411 east 20th. you will see lots

yes go do that but i am sure the pics will be too nice and will not find theie way here. look in front of 530 east 20th street, 5pcr, 6pcr, 411 east 20th. you will see lots

Yeah, and I am the one that's supposedly uneducated? Give me a break. You know what buddy, YOU go spend the day taking photos of garbage in Stuy Town. You'll be in perfect company.

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I don't think it's Manny -- I think it's Mayor Bloomberg! But seriously, this is America, land of free speech where everyone has the right to make a fool of himself. Go for it skibummonel!

The "Manny" the comments on here is me, and I am certainly not Ski Bum Monel! ;)

I'm the one who suggested it might be Manny. Was joking, Luxie. Manny is much much more eloquent than ski bum whatsit.

Though now that I have read all of his comments he does sound like Manny! What a maroon.

Oh, I knew what you meant. ;)

well i would tell you to have a face to face meeting but i am sure you would be to much of a chicken to do that.

"yes go do that but i am sure the pics will be too nice and will not find theie way here. look in front of 530 east 20th street, 5pcr, 6pcr, 411 east 20th. you will see lots"

Lots of cherry blossom trees??? 100 in front of a building in PC? And more to be found at 530 E. 20 St, etc.? Are you sure you are not confusing lilacs with cherry blossom trees?

I already noted and have photos of lilacs on my blog, btw.

But you didn't answer my question about the Oval lawn. Is it the best you've seen in the 30 years you have supposedly been here?

"yes go do that but i am sure the pics will be too nice and will not find theie way here. look in front of 530 east 20th street, 5pcr, 6pcr, 411 east 20th. you will see lots"

Lots of cherry blossom trees??? 100 in front of a building in PC? And more to be found at 530 E. 20 St, etc.? Are you sure you are not confusing lilacs with cherry blossom trees?

I already noted and have photos of lilacs on my blog, btw.

But you didn't answer my question about the Oval lawn. Is it the best you've seen in the 30 years you have supposedly been here?

I love Mother's kissing cherubs, but not enough to waste perfectly good Worchestershire sauce on them, my dear! And as it is Sunday afternoon, and tempers are flaring, perhaps it's time for everyone to take a breather, go into the kitchen and prepare a delicious...

Bloody Edna

1 jigger (or more) vodka
1/2 cup V8
2 teaspoons fresh lemon juice
1 tsp Horseradish
4 dashes Worcestershire Sauce
4 dashes Tabasco Sauce
1 pinch Celery Seed
1 celery stick for garnish
1 lemon wedge for garnish

Combine the first 7 ingredients ingredients, shake the mixture well, and pour it into a tall glass filled with ice cubes. Garnish the Bloody Mary with the celery stick and the lemon wedge. Perfect with one of mother's "back pills" and a song!


Another one of Edna's Totally Delicious Ultra Nutritious Recipes! I love it! Especially the more than generous serving of vodka! I tried the sardine submarine a while ago and it was very good. A little filling, but very delicious.

"well i would tell you to have a face to face meeting but i am sure you would be to much of a chicken to do that."

LOL ! Hatzmann's trying to OUT you Luxie !!

ROTFLMFAO !!!

He'd pee in his pants if you called his bluff, but don't fall for it Luxie.

Nah, Heartless Hatzman only is unafraid of tiny little ladies in wheelchairs.

I have lived in PCV for 30 years. Someone who has visited me here all that time came by several weeks ago and without being asked remarked that the landscaping, especially the grass was in the worst condition she had ever seen.Virtually all the edges of the grass in PCV along the walkways are barren dirt, likely caused by a combination of too much salt spread in the winter and the watering system which tends to create puddles in many spots along the sides of the walkways. NO effort has been made this year to reseed the lawns.
As for plants, some buildings like 3 PCV have a multitude of plantings, Others have little and many have dying bushes which have not been replaced.
As for Metlife selling this place because they didn't like complaining tenants,Skibum must have been on the slopes so he must have missed all the contemperaneous news reports that Metlife put STPCV up for sale because in needed to raise capital to help in the refinancing of billions of debt in incurred when it bought Travellers about a year before it put STPCV up for sale.
Yes Metlife began the process of deregulating apts after the State Legislature, led by the now indicted Joe Bruno (may he rot in prison the rest of his miserable life) but TS and its partners bought STPCV with the primary objective of maximizing the removal of RS tenants. In their zeal for the quick buck , they grossly overpaid for STPCV and borrowed most of the purchase price. As a result they are on the brink of foreclosure.That outcome would be great except for one not so small problem- I live here and the poor landscaping is just one obvious result of TS' financial problems. This place going into foreclosure may be inevitable but is NOT good news for tenants.That is why some of us have been advocating for more inter-tenant cooperation and planning to better prepare ourselves for what is coming.Unfortunately as we have found out , the number of tenants actually willing to get involved is miniscule.

i agree the lawn looks pretty bad. however to say that all the complex doesn't look good because of the lawn is ridiculous. i just had lunch at my parents and counted 47 cherry blossoms in front of 530, 6,5,4 and 441

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taht is something i wrote on here about 2 months ago. yes i agree ts will go out of business here before the year is out. but that is horrible news for the tenants(for the tenants association to celebrate the j 51 "win"was insane). this place will go into foreclosure, the bamks will take over and guess what, they will really cut down the services. there is no way anyone will buy this place even for half or less of the original selling price(in particular if the j 51 decision goes thru).

and no i was not on the slopes, i acctually worked for met life about 8 years ago and long before the financial problems they had they were interested in selling the place because they did not want to deal with the complaints(why would someone in their right mind want to sell something that brings them $120-140 million a year and has no mortgage)

"i agree the lawn looks pretty bad. however to say that all the complex doesn't look good because of the lawn is ridiculous. i just had lunch at my parents and counted 47 cherry blossoms in front of 530, 6,5,4 and 441"

What about the 100 in front of a Peter Cooper Village building? And, sorry, but you ARE confusing lilacs with cherry blossom trees, among other confusions. And please just click on my name above this comment, which will take you to the photos I just took a couple of days ago, which tell a different story than the one you are trying to put forth here.

As for Peter Cooper, Ziggy is correct. I did a tour of PC a few weeks ago, but didn't have time to do an online report about it. The ground looks, in many places, worse than in Stuy Town, and Peter Cooper Village was always the shinning jewel of this complex.

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If the property goes into foreclosure and services are cut further, I don't think there will be ANY services! I don't think they can get away with that by law.

i could take pictures myself and make this place look like bouchard gardens in victoria. obviously you take oicture only of the places where it need work, you did not take any pictures of the cherry blossoms i was refering too. i will offer as i i did the other person, meet me face to face and i will take you to them.

yes they can, if a property is in foreclosure the bank has to responsibility to maintain anyhting but the basic services. by the way security, recreation and quite a few other are not basic.

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If you did actually work for MetLife I'm assuming it wasn't in a clerical position. (Though at TS, you'd be considered a Rhodes Scholar!)

Have you seen this online photo of the Oval as taken from my living room window? It's just as you described, Mr. skibummonel!

And don't forget to bring a pitcher of Bloody Ednas to your meeting -- that will make it truly an "event!"


"i could take pictures myself and make this place look like bouchard gardens in victoria. obviously you take oicture only of the places where it need work, you did not take any pictures of the cherry blossoms i was refering too. i will offer as i i did the other person, meet me face to face and i will take you to them."

No, I did not just take photos of places that need work (and there were many of those photos that I did not post). There are also two photos present of nice looking groundskeeping, both near 1st Ave and closer to the rental office.

Don't you have any missing decorative cabbages to track down?

They removed all the cabbage in PCV because it was either eaten by the rats or rotted.
Ultimately the cause of all this is the Republicans in the State Senate (led by the indicted Joe Bruno) who forced significant weakening of the RS laws which lead predatory real estate groups like TS to buy places like STPCV with the expectation of kicking the remnants of the middle class out of Manhattan ( something totally supported by the Lord Mayor (for life) Bloomberg.
TS and its partners may lose their equity but we tenants will suffer the most.

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I knew it! Joe Bruno and the State Senate stole our decorative cabbages!

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Your photo doesn't open, Edna.

All of our links are prepared with loving attention to detail and are subjected to repeated scrutiny in our lovely Stuyvesant Town test kitchen. The link opens on my Philco home computing system, but nevertheless, I will provide you with the address: http://members.tripod.com/shantanu_ganguly/images/SetVanVac/images/Bouchard%20Garden%20-%20Victoria.jpg

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Still doesn't open. Obviously, your Philco is better than my Mac!

Chicken? So you are a poor, uneducated 12 year old. Got it!

I didn't do meet and greets with Internet trolls in 1995 and I certainly am not about to do so now in 2009. Put down the Crackberry and Red Bull and stop embarrassing yourself.

Skibum will probably stop posting once he's off from work in the Security or Concierge office.

Skijackass truly is a "maroon." Manny's great. There's nothing in skipieceofcrap's illiterate wacko rantings that resembles our beloved Manny.

Since TS took over ST/PCV has been going downhill and is picking up speed.

All the so called improvements are constantly out of service and we are asked to pay for this crap!

The unbelievable noise I heard this morning walking past playground 11 at 830am as the cesspool truck was sucking the shit out of those luxury outhouses (has anyone seen management use them?) I could hear it all the way to 14th st.

In short, if you want your patience and sanity tested on a daily basis this is the place to be.

The TS employees when walking past you can't even look you in the eye cause they know how much they are depised, except for the few metlife employee turncoats that crossed over, hey it's a paycheck.

I've had enough of the Speyers and their hand puppet Mayor Bloom falsetruths berg!

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Ah, well, if you've been here for 30 years, you're paying a pittance for rent - which means you're living in fantasy-land, not reality. I'd think everything was hunky-dory too if I paid 1960s-level rents in 2009.

As should be crystal clear from my moniker, I don't live in la-la land with you and your ilk; I pay the going rate for the privilege of living here, and I am getting fed up with not getting what I've paid for (I'm also getting fed up with carrying freeloading rent controllers who have nothing better than to sit on their (illegitimate) high horses and naysay).

As for moving - guess what? We will be moving, out of the Kafkaesque five boroughs entirely, at the end of the current lease (if not sooner). That will certainly improve our lives - no more Tishman Speyer and no more City income taxes - but that certainly won't improve your lot that much; after all, who's going to pay for the escalating costs of operating this place - d'ya think the energy needed to heat your hot water comes for free? Certainly not the long-time rent control freaks; no, that task falls on the shoulders of us market-raters, and once enough of us get tired of getting kicked around, it'll be your turn to suffer.

Not only that, but those of us who can afford the market rates also get raked over the coals when it comes to City income tax (aka legalized theft, sort of like legalized gambling - think of it as OTB for the mob). When we get driven out of the City, we take our incomes with us, thank you very much, and as more of us take up residence outside of NYC you can be damned sure that a commuter income tax will NEVER be okayed in Albany again. That means that there will be that much less wealth to redistribute for the rest of you, which will show up in the form of even higher City taxes on those who remain and fewer (and less competently perfomed) City services.

So, the bottom line is, you ought to respect the sentiments of those who are doing most of the grunt work here, or else you're nothing more than a parasite.

Oooooh! and they accuse ME of being angry. LOL! By the way, we're rent STABILIZED, rent controlled. There is a major difference.

Shite! I meant to say we're rent STABILIZED, NOT rent controlled. What a difference a word makes!

You sound like you've had a very bad day, marketrateschmuck. Have a few Bloody Ednas and you'll soon be feeling no pain. Well, until you wake up in the morning and can't lift your head. Maybe Edna has an antidote? Edna?

We're not parasites, mrs, we're hardworking, taxpaying citizens who were fortunate enough to get into apartments that were protected by rent stabilization laws. It wasn't our fault that our landlord sold the complex to get-rich-quick predators who lied to and deceived people like yourself into thinking they were going to live some place worth the money you're paying. I would certainly not pay the market rate to live here. It's just not worth it and we would move out of the city if we lost our apartment at a rent stabilized rent. Then the city would be one nurse and one correction officer down. We would get employment out of the city, I do know that much.

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Why is it that some market rate tenants continually feel the need to refer to rent stabilized tenants as "parasites"?

It's your landlord who is a blood-sucking parasite, not your fellow tenants.

They're just bitter. They're sorry there was no Lux Living to read before they signed their leases and they know that for a legal stabilized rent they'd probably stay. But they can't have that. Not ever. :) This is why some call themselves "schmucks."

See ya!

And don't let the door hit you on the ass on your way out, MarketRateDipshit!

Then what are you doing here, Bummy? Or should I call you Mr. Tishman because if you aren't related to a Tish or a Spey, you are certainly not living on the same planet. Let me tell you something, ass clown. NEVER have I seen such a beautiful place to live turn into a ghetto so fast. Wake up and smell WHAT roses? They're all dead now! These people aren't complaining about change; they are concerened about the decaying environment that is hazardous to their health. They aren't expecting anyone to pick up the mess so much as how could Tishman-Speyer would sanction the kind of renters they have now. It's not Xanadu they are after; but I think you must be taking way too many Xanax and watching Sponge Bob if you feel there's nothing wrong in your clamshell under the sea.

Someone I know and love more than life itself was almost killed in one of those 'new elevators'! I didn't hear one person complain about paying for them. They were supposed to be an improvement, not a death sentence. New trees and plants? I'd like to kick you in the stump right not! There was nothing wrong with the trees mercilessly ripped out. The new were left to just die. Plants? They looked like a third grader high on meth planted them; I've never seen such beautiful plants to be planted as to look so ugly. No one asked for 'improved' trees. They liked the grass that was nice and green, too.

Yup; the drugs are kicking in, Bumster. You're spelling is going right down the toilet where your head should be. Hope you like the 'improved' view. What can brown do for you?

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skibummonel, you're a pickle smoocher in the first degree. Cherry blossoms only bloom on LIVE trees. Obviously, you've discovered a new strain of mold growing in your shorts you probably caught while necrophiling one of those poor, helpless, dead trees.

Satan's Own, you the BEST!! I hope you don't get a lecture on anger management though! ;-)

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manny was just reading through the most compelling of comints and found your 'no more victoms' speaches quite inspiring infact manny promises to use the terms pickles smocher, ass bandit and necrophling tomorrow at work at ovil conceirge when manny answers the phone.

manny

oval consarge
nirik aritport
bundy mamosas

if you really seem to hate living here so much and hate everything that is going on here why don't you move. it is still a free country(which might not be after a few years of the current administration). someone almost killed by an elevator, do you just make up this things? when they build the new lobbies in my building in cooper people started to complain "the marble on the wall doesn't match the marble on the floor", "the rug in the hallways is so ugly", " the new elevators are smaller", "the new elevators don't have a window". guess what it is very simple buy you own apartment or house and you can do whatever you want.

No douche, she didn't make that up. I was paralyzed for a few weeks from a disc in my lower back that ruptured and crushed my nerves thanks to the elevator falling over 10 feet without the safety mechanism kicking in.

Oddly enough I visited a friend in the same building the accident happened in last night and BOTH elevators shake a great deal when they arrive at each floor. We had a nice chat about the accident/elevators with a guy riding them with us.

People, take 5 minutes and print / fill out those MCI forms.

i really must be the luckiest human alive(i guess i should play the lottery tonight). elevators falling 10 feet, elevators shaking a great deal, wow. i have lived here for about 30 years and have never had an elevator fall or shake on me, again i guess just luck!!!!!!!! by the way my rent went up $40 a month for the elevators, you know what witt he rent i am paying i have no problem paying $40 more for the mci.

i have no problem paying $40 more for the mci

I guess stupid really is as stupid does. And that's gonna be more like $80/mo for the next 20 months, until your retroactive charge is paid off, Forrest Gump Monel.

My rent just went up $68 for the elevators (which replaced constantly broken ones) and then we will get the MCI for the crappy intercoms which replaced much more convenient ones and which don't open the door most of the time.

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My goodness, doesn't that look like fun! I see a certain bummonel did a bit of spring skiing this year!

Did he steal one of Mother's best ski dresses?

Mother doesn't ski. But she does enjoy yoga.

My! Mother's a human pretzel!

so if someone does not agree with YOU jackasses they are stupid, wrong, idiots etc. so if some of us(many by the way) enjoy very much living here, find it a wonderful place, find it beautiful(is it the bouchard gardens in victoria, no), find it an oasis in the city we are all wrong. YOU people on the other hand are all right. what all of you should do(since you obviously don't have jobs) is get a job and find some hobbies(there are beautiful basketball courts, paddle tennis courts, ping pong tables, volleyball courts, bocce courts, rooler hockey court etc). sorry you will probably find something wrong with those too.

Manny and me love to rooler hockey, don't we Manny?

wow you found one wrong letter. proud of yourself?

so if someone does not agree with YOU jackasses they are stupid, wrong, idiots etc.

Not necessarily. But it would be kind of difficult to characterize somebody who's happy to pay MCI rent increases in perpetuity as astute, shrewd, canny or clever.

And don't you have a job to do, Mr internets comment board? Maybe you're just taking breaks here away from the slopes (or one of our "beautiful basketball courts, paddle tennis courts, ping pong tables, volleyball courts, bocce courts, rooler hockey court etc.") to play troll!

I'll bet you know all the words, young man!

i am trying to figure out where exactly did i say i was happy about paying. if you would learn how to read i said i don't mind(big difference)paying it. since i am paying about $1200 for a 2 bedroom with air conditioning, i find it fare for the landlord to increase it by $40(he incured a huge cost and i feel it is ok for me to pay that). if that makes me an idiot go ahead, call me that.

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OK. You're an idiot.

Oh, shit. If that's all you're paying we'll never get rid of you!

I have no problem paying for capital improvements provided
1. they are capital improvements- not repairs like the roof MCI and they are improvements- not like the electrical "upgrade" which ,if my apartment is any indication, was actually a diminution of service given the many more times a circuit blows in my apartment since the completion of the electrical "improvements" . (and ,no , I have not increased the usage on the circuits that regularly blow). An electrician friend of mine said this might be due to shoddy work. Kind of scary to be living in an apartment with shoddy wiring and on top of that to have to pay an MCI!!
2. My payments should not exceed the actual , independently auditable costs of the project. Under current law we pay forever a monthly increase of 1/40th of the cost of a project and the project costs are almost always inflated- witness that even the DHCR which has been notoriously pro-landlord regularly disallows some of the costs included in an MCI request by our landlord.

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Perhaps you should just quietly sit in the corner for awhile, young fellow.


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Neither would most tenants, ziggy, if the MCI rent increases weren't permanent. Even as our elevators depreciate in value over the next twenty years, we'll still be paying the increase that was set when they were brand new. This simple fact reveals exactly what the MCI program is: a convenient loophole allowing landlords to get around rent regulations.

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I should have added that at the same time our landlord gets to claim the elevators' depreciation as a loss on their tax returns, the profit that the DHCR allowed remains the same, forever 'n ever.

Roundly
My second point was precisely yours. I would have no problem paying 1/40th of cost for 40 months and that's it.

Hey! Hey! Hey! Check your email boxes for the latest news from the TA.

I find it extremely hard (almost impossible) to believe that you're paying $1200 for a 2 bedroom with air conditioning that you've had for the last 30 years. The only way that could even be remotely possible is if you've been living in an "employee" apartment for the last 30 years, and if so, we now know exactly where you're coming from.

The 3 bedroom I lived in is almost $1600 and that's been over 47 years, 2nd tenancy.

He said he was an employee of MetLife until a few years ago. Did employee's get a special deal on apartments?

You betcha. My friend (a former Met employee) pays less than $800 for an un-airconditioned 3 br. And I while I understand his misplaced loyalty, he needs to understand that for the vast majority of residents here, things (under Tishman Speyer) have changed dramatically.


I have no sympathy for his point of view, period.

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Nice.

A $10 million class action lawsuit for harassing RS tenants with Golub Notices "without probable cause and in a malicious, willful, reckless and wanton manner."  Just desserts.

I wonder if Tishman Speyer ever regret purchasing PCVST! It wasn't exactly a good business decision on the part of Little Robbie, was it? His daddy should disown him! I'm glad the TA has struck back. I think the TA is a "dark horse" as my mother would say. Ya never know what they're plotting. Good on em!

...as regarding the MCI payments being either in perpetuity or only 40 months, I tend toward more of a King Solomon sort of compromise. If these are truly improvements, I'll pay the 1/40 amortization payment amount gladly, but with stipulations: as an incentive for the landlord to actually make IMPROVEMENTS (not just to get the base rent up as with perpetual increases), I'd allow a period of profit. This might be a period of 2, 5, even 7 years!! After (even) 7 years of taking the (incentivized) profit, the rent would roll back down. Even if there were multiple MCIs being levied concurrently, with the 6% annual cap in place, and a set time limit on profit-taking, there'd still be ample reason to make improvements, rents wouldn't be artificially pumped up (in perpetuity), and tenants and landlords might even find their relationship to be far less contentious. We, stabilized tenants (NOT controlled), aren't looking for welfare entitlements here, skibummer (how IS that head injury of yours??). No one would/could deny profit-taking made when not "working the system," but instead- genuinely improving their properties (and our lives) for the greater good. Under the present guidelines, perpetual MCI increases reflect only cosmetic gimmicks with NO REAL VALUE besides the attempt to drive the stable middle class community (that they don't hesitate to flog and pimp at every opportunity) from their homes. Once we're gone, so is the stability, the community, and their sales pitch. Goodbye stability, hello transients; hello crime wave; goodbye property values. Get it??

Look Monel, we GET that you have a lot of free time on your hands as well as an aversion to capitalization and punctuation. But I'm about 5 minutes from taking you up on your offer to meet in person so I can kick your ass around the Oval fountain while your fellow TS friends watch helplessly from the Oval Atrocities.

Move along.

Skibummiebotton, I'd just like to put this question to you. If you are in a nice, low rent apartment by virtue of being a longtime, ex-employee of MetLife, don't you think that you are one of the very people who Tishman Speyer would just LOVE to see go? You have a 2-bedroom apartment at a song of a rent. If they could get you out, they would turn that into a 5 or 6 bedroom dorm and charge an arm and a leg to rent it to a pack of students. We, on this Board, who are so disgusted with TishSpy and their antics are not the enemy. We want to get rid of this parasitical landlord who is destroying the quality of life that you enjoy. Instead of being so against us, you should be for us and join us because if we all roll over and let TishSpy kick us to death, you will be gone as surely as God made little apples. We try to keep a sense of humor about what is happening to our community while at the same time we parody and poke fun at TS. Don't think that being so kissy-assed of the landlord is going to keep you in your apartment if TS has its druthers. You will be out on your ear just like they want the rest of us RS tenants out. They have zero respect for Market Rate tenants and sub-zero respect for RS tenants - and you are one of the latter and one of the most targeted of that category. I know that gratitude for one's lot in life is to be applauded, but don't be smug about it because you are just as much (if not more so) an endangered species if the landlord has its way. Think about it.

tell you what, i am willing to meet you and show you my rent bill if you don't believe me. no it was not a met life employee apartment, i did not work for met life here but at the main office. it was the partment i grew up with my parents and then they moved to a different apartment and i keep this one. and yes my rent just went up last month with the new increase by $60 so i am closer to $1300

Please, no. It makes my skin crawl at the thought that I could actually know who you are.

You are among the privileged few with a rent bill that low. Why don't you STFU and enjoy yourself. There are many of us paying much more and getting much less. If you love this place so much these days, I suggest you start your own blog. It's very easy. In the meantime, this blog is intended to express dissatisfaction with the quality of life here. We don't give a shit if YOU are happy.

Ski, you are an increasingly common creature around these parts. You say you are afraid of socialism, while basking in rent stabilization. If you are such a lover of the free markets, then go, young man, and venture to the jungle and see what you get without your governmental subsidy. (J-51's and our elected reps get PAID by my taxes to protect your rent. Not my rent, however.)You may then come back and realize that government, however inefficient it can be, may be necessary to protect what is too precious to be a commodity, our homes. Are these economics too advanced?

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yes i am afraid of socialism because i come from a socialist country. it seems that with the new administration we are headed to socialism(some say we are there already). i have said quite a few times here that i consider myself incredibly lucky to have this apartment.

You're also lucky to have that job with American Leisure.

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ok, that came out of left field. american leisure?

John Maynard Keynes was not a Socialist. Neither is Obama -- he's a Keynesian, and not enough of one if you ask me. You are just clueless.


Ski, I'm glad you feel grateful to have your place because gratitude is in pretty short supply and in my opinion, seems to often make the difference between the malcontent and the happy. But our current administration is most definitely centrist. I would like to think the people who hurl the s word at it are merely in the dark but actually, it's more insidious than that. It actually IS a bunch of wealthy, mostly white guys in a room trying to snooker middle America and the like yet again.

Then go back to Russia and shut the fuck up.

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i will respond one more time and that is it. unlike most others here who love to curse and use the "f" word up and down you seem quite a bit more eloquent. i enjoyed your resonses but i do have to say a totally disagree with your comment about our present administration being "centrist". if you call a president to fires ceo's of companies, tells companies how much they can pay their emplyees, takes over banks, financial instituons by the dozen, car companies etc a centrist government again i disagree with you. i do come from eastern europewhere it was not only socialist but communist. that is where the government controls industry, hires and fires at will, puts quota's on income, where you can live etc.

Two steps away from The Painted Bird and it shows.


Ski, these companies asked our government for bailout cash. If they want to make the government their partners, they have to accept that they no longer are totally in charge.They couldn't hack it for whatever reasons so now they basically have sold off a portion of their interest and ownership in their companies and the decision making that goes along with that. Clearly, it's more complicated than that and I am no central planner but the USA needs a much wider social safety net than it has. A local example of that is rent stabilization. I was originally attempting to show the disconnect between decrying what you perceive to be a leftish government even as you enjoy a leftish benefit.

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My point is that the government should not have given them any money(bailed them out). In a free market system(which we used to have) when a company cannot pay it's bills it goes under and others take it's place. Insted the government is now in a number of industries which it has no idea how to run. They gave Chrysler $40 billion so they wouldn't go bankrupt and hundreds of thousands of jobs would not be lost, so guess what. Chrysler still went bankrupt, all those jobs were lost(because the government made Chrysler close all those dealerships) and the taxpayers lost $40 billion. Great job government. By the way a lot of bank wabt to give back tart money but guess waht, the government does not want to accept it because than they would lose power over decision making.

Skibumfart,
Just remember, as you throw stones at the new administration (who you call socialists) due to their bailouts of industry: GWBush enacted the first bailouts. Somewhere in your addled little mind, I guess you'd call THAT wingnut a socialist, too. Huh?? Just wondering...

BTW- Keep on enjoying that affordable apartment of yours. Affordable housing is a dwindling commodity... certainly there are many others who'd happily relieve you of your socialist dwelling. Hypocrite.

Peaches is right, Skibum... When it comes to affordable housing, we are all on the same sinking ship, but you are on the very lowest deck! I hope you have a good life preserver.

Ski, we're none of us happy with the Tarp but the frank answer is that this situation is unprecedented and really, nobody has any idea how to remedy it. Pumping money into the economy and attempting to keep companies afloat so that fewer jobs are lost is a prospect that may or may not work. On the upside, we do have a man in charge with a formidable intelligence and I'll take my peace of mind wherever I can get it.

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but my point in the previous message was exactly about that. the government put $40 billion into the chrysler bailout so they wouldn't go bankrupt. guess what chrysler went bankrupt anyway, the government forces them to close 1100 dealerships, 150000 people lost jobs and we the taxpayers lost $ 40 billion. how exactly did that help?

You said you were gonna "respond one more time and that is it." You're a liar too.

While I completely disagree with Ski about rent stabilization and TS I do agree with him that much of the bailout money was a complete waste. Chysler and GM were dead companies walking for years. All the fools who invested in them in recent years were also fools. But the biggest fools were our "esteemed" representatives in DC who threw billions at those 2 companies to avoid bankruptcy, when all that did was prolong the inevitable a few more months , while costing us tens of billions.
Incompetant management + greedy unions unwilling to make any meaningful concessions until it was too late created the problem, DC politicians and our money just made it worse. This and the other great bailouts will soon cause the President and Congress to raise taxes not just on the "rich" but on anyone who pays taxes. Since about 50% of Americans currently pay no federal income tax , we will more and more become a country where half the country will be required to support the entire country more and more through higher and higher taxes, in large part caused by reckless spending by our politicians, both Dem and Rep.How about cutting spending rather than raising taxes? what a neat idea that few in DC, Albany or elsewhere want to consider.
In California, the great Blue state of the West, voters last week soundly rejected all of the referendums which would have raised taxes.So will Obama bail California out , will it go bankrupt or will California make meanigful spending cuts? My money is on door number one .
But who is going to bail out the Federal Government? The rating agencies last week announced that England's AAA rating was in jeopardy. If such an announcement was made about the USA the market collapse over the past 18 months would seem like mere childplay. Yet we continue to spend money with reckless abandon.
Best case we are looking at substantially higher interest rates and inflation likely beginning in 2010.

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I see the right-wingers are missing the point of the auto bailout. Obama is trying to retain Chrysler jobs and keep suppliers in business while the economy is still hemorrhaging jobs, and to protect the retirement health benefits of Chrysler's workers.

As to the restructuring. Don't believe the right-wing hype. As Dean Baker has noted, when all is said and done, the new Chrysler will probably still be making most of its cars here in the USA, but with an enormous difference: the technology and management will be coming from Europe, and that can the restructured company more competitive. Why? Baker compares wages for assembly-line workers in Europe and the United States, and finds there's not much much difference in pay. He does find a BIG difference at the top though, between the ginormous pay packages of US auto execs and their European counterparts. So don't count it out yet. A restructured Chrysler can take advantage of the lower cost management and design skills available at Fiat.

so again let me get this straight; the government gives chrysler $40 billion not to go into bankrupcy. chrysler goes into bankrupcy anyway, the government forces them to close 1100 dealerships(150000 lost jobs) and we the taxpayers lose $ 40 billion. great return for our money. but he is trying to protect all the benefits for workers who would not give into any cuts to keep the company going. sounds like a great business plan. gm is next.....

Maybe you should stick to trying to find missing decorative cabbages. You're in a little over your head.

Get a clue. Like every other useless thing you write, you get nothing straight. The WH, the auto execs, and union reps all came to an agreement to keep Chrysler out of bankruptcy. It was the creditors (Wall Street banks and hedge funds) who refused to deal and drove Chrysler into bankruptcy.

RR
Many times you sound like a very angry man. I don't know why you are so angry but it clouds your judgment. Ski is absolutely correct about the waste of billions of dollars on Chysler and GM and just because I believe he is dead wrong on rent stabilization and what TS has done with STPCV doesn't prevent me from writing that.
Obama has forced thousands of dealerships to close, notwithstanding giving these 2 companies billions of dollars and his cronies, led by the car czar Steve Rattner , who is another one of those bleeding heart liberal multi-millionaire Wall Streeters and has been linked to the Albany pension payola scandal ,allegedly threatened Chrysler creditors (according to their lawyer who is a partner at one of the most prominent law firms in the country)to force them to agree to the abrogation of their debt agreements with Chrysler. These senior secured lenders - who under bankrutcy law come ahead of all other creditors ,including the unions, were forced to accept egregious terms by our President and his cronies. This is not democracy -this is socialism.
If that is what you prefer,RR, you are certainly entitled to your opinion , but you are not entitled to belittle others who disagree with you!Of course, that is the mark of a true believer Liberal in this country these days - everyone is entitled to express their opinion ,unless it goes against Liberal dogma.

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It's funny you should say that (about Liberals and their dogma) because I was listening to Bill Maher being interviewed last night and he was saying that he often gets booed for making cracks about Obama. He went on to say that when it comes to the repression of free speech, Liberals are the worst offenders! I don't think Maher is a right wing nut by any stretch of the imagination. It was an honest observation on his part.

On college campuses around the country, conservative speakers are often prevented from speaking by fringe Liberal groups. Conservatives disagree with Liberals but they very rarely try to prevent them from speaking.
Remember that to many fringe Liberal groups people like Castro and Chavez are heroes. Those 2 are men who through violence annd repression have prevented dissidents from speaking, and even living-yet they are heroes to these people. There are those in the fringe Liberal crowd that long for the days of Communism when people who disagreed with them would simply disappear. Yet these are the same people who believe terrorists are entitled to constitutional rights.Sometimes I think this country has joined Alice in Wonderland

My favorite libs are Rachel Maddow and Keith Olberman. I cannot miss their shows no matter what! They don't always agree with what the Prez does though and will say so. I would LOVE to see them go after the Speyers. Can't you see Keith Olberman pointing to Robbie and saying: "WORST PERSON in the WORLD!" LOL!

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Where the f*ck am I? Is this still Stuyvesant Town's Lux Living? I miss the good old days.

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I'm not angry, ziggy. I just have little patience or respect for right-wingers who try to take complicated issues like this one and reduce them to bumper sticker nonsense like "socialism," "liberal dogma," and "crony capitalism."

Obama didn't force dealerships to close, Chrysler did, while operating in Chapter 11 bankruptcy proceedings. Chrysler is closing about 1/4 of its distributorships. Nobody wants to see anybody out of a job in this economy, especially Obama. But many of these dealerships were only selling Dodge Trucks, or were Jeep franchises that had been grabbed up long ago and stuck on to showrooms that carry competing brands. Now Chrysler can lower its distribution costs and make the remaining dealers more profitable.

I see you're also upset that union auto workers may get the retirement health benefits that a lot of them spent their lives working for. Sorry, but one of the reasons Obama was elected was because he promised to look out for the interests of workers like these. As for the bondholders. Normally they'd be first in line in bankruptcy and those Chrysler workers' retirement benefits would follow. However, the gov't is giving Chrysler a lot of money, so while the investors are getting their debts paid at a lower rate than the debt owed to the autoworkers, they're getting more money than they would have if the gov't hadn't stepped in in the first place.

Then there's this. Why would Chrysler bondholders agitate for bankruptcy like they did? Maybe because they stood to make more money if Chrysler declared bankruptcy? I wonder how many of those Wall Street Chrysler bondholders purchased credit default swaps from AIG to hedge their Chrysler bets? Thanks to the gov't bailout, AIG has been paying off swaps at around 100 cents on the dollar. So here's the scam: Instead of taking the original 30 cents on the dollar deal, it would make more sense for swap-owning bondholders to force Chrysler into bankruptcy -- once Chrysler defaulted, they'd likely get 100 cents on the dollar thanks to their swaps! Courtesy of the American taxpayer, of course.

"Maybe you should stick to trying to find missing decorative cabbages."

Thanks for a good laugh! Glad you still have a sense of humor. We will all need it in the years ahead.

RR
I actually totally agree with you on the sheer audacity of the government giving AIG billions to repay firms like Goldman Sachs 100 cents on the dollar on their CDSs. Think it is a coincidence that Paulson once ran GS and Geithner as head of the NY Fed ignored virtually all of the Wall Street excesses. I am no right winger- I've been a registered Dem for 37 years (since I turned 18) but the Dem party of my youth is no longer the Dem party of today. In fact one of the last examples of the old Democratic Party (social liberalism but very concerned about our security and fiscally responsible ) Joe Lieberman, was pushed out of the party.
I know Obama won the election but in my view it was more due to the mistakes of the Bush administration .I do not believe he and his buddies represent the mainstream of American thinking.
Yes he is an eloquent speaker and the election of the first African American President says a lot about this country, but he is an extreme left winger who only comes back to the center when forced to by members of his own party (witness the backtracking on closing Gitmo).
I think his forcing senior secured lenders to lose their priority position in the Chysler bankruptcy is not only wrong but also scary for it violates the sanctity of the contract which has been a hallmark of Anglo-Saxon jurisprudence for centuries. Yes some of the Chryler debt is now held by hedge funds who hoped to profit from it but all of the debt was originally incurred by Chrysler to fund its misguided business plan for years including overpaying management and providing excessive benefits to employees. Many companies and governments (witness NYS and NYC ) face severe financial problems in large part due to excessive benfits to retired employees .
Your and most politicians' answer is to raise taxes on the "rich" . the only problem is that with 50% of the population paying no federal income taxes "rich" quickly hits the middle class if spending isn't cut . Andrew Cuomo, hardly a right winger, was recently interviewed and expressed the need to cut spending rather than raising taxes. That is the Dem party I remember, including JFK who cut taxes dramatically during his term in office.

Cut spending, by all means, that's the hard part.
Cut taxes too and let's face it, probably most us here are considered "rich" for tax purposes. (If I'm rich, I would hate to find out what being poor is.) However, federal tax or no, the bottom fifty still pay a regessive social security tax and regressive sales taxes and have no shelters (like IRA's or 401K's) because there is no money left over from the paycheck to shelter. So I wouldn't worry too much about them not paying Fed Tax.

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FDR said it took a Great Depression to get him elected. It took years of GOP fiscal mismanagement and an unnecessary war, but the '08 election proved that "Obama and his buddies" DO represent the mainstream American thinking now. It's you who are out of the mainstream, ziggy.

Your comments about "left wingers" and taxes are all over the map, so I'd just like to limit my response to your point that forcing "senior secured lenders to lose their priority position violates the sanctity of the contract."

While a number of bankruptcy experts and the entire ranting right side of the internet appear to agree with you, Ron Bloom doesn't. He's the former special assistant to the president of the United Steelworkers who's one of the key players on Obama's automobile task force. According to Peter Boyer in this New Yorker article, in a speech three years ago, Bloom described this hypothetical restructuring:

They worked a lifetime and deferred a significant amount of current compensation in exchange for the company’s promise that, upon their retirement, they would be paid a fixed stream of cash and provided with help with their medical bills. Then, without their knowledge or consent, the company chose to not set aside enough money to honor that promise. In effect, the company borrowed money from them without even discussing the terms of the loan....So what we have is a bunch of old men and widows being forced to lend the company, for whom they worked a lifetime, some portion of the value of their pension and their health care. This loan was made on terms on which they have no input and they have no ability to liquidate their position...

Boyer thinks Obama's plan "clearly reflects Bloom’s view that labor holds equal or even higher moral standing than other creditors of an insolvent company." If Bloom is wrong and the gov't plan is illegal, it will be struck down on constitutional grounds in Judge Gonzalez' U. S. District Court, right?

RR
Wow to justify your opinion, you quote the former special assistant to a large labor union. What do you think he would say ?That's like standing outside Yankee Stadium and trying to do a "scientific" poll on the best team in baseball.
The fact is that had the unions made real concessions years ago , we would have saved tens of billions in useless handouts to Chrysler and GM. But the unions with their work rules that include paying people not to work and lifetime free medical care refused to make any real concessions. Noone outside of certain union employees gets retiree medical benefits like these and it is no coincidence that heavily unionized industries like the autos and many municipalities are bankrupt.
As to Judge Gonzalez ruling anything unconstitutional , the few remaining holdout creditos caved last week so there will be no such ruling.

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You're blaming Chrysler's woes on the UAW? That's some kind of Democrat you are, ziggy!

And you think Bloom's points aren't valid because he's the former special assistant to a labor union? Again, that's some strange new kind of Democrat you are! How's this for neutral? Here's Stephen J. Lubben, law professor at Seton Hall University who specializes in "corporate finance, particularly issues concerning corporate debt and financial distress." He also wrote a book called "Credit Derivatives and the Future of Chapter 11":

Q: Where do you stand on the question of whether the Obama administration is trampling over the "rule of law"?

A: I have some concerns, but I think that the thing that most people have focused on is not really a concern. Everyone seems to be focusing on the money going to the unions, but that strikes me as a red herring.
Q: Why?
A: Because there is no indication at all that that money would be available in a normal bankruptcy proceeding. That's money that's coming essentially from the government to new Chrysler and then the new Chrysler is buying labor peace with it. The real issue to me is whether or not the creditors could, in a more normal proceeding, get more than $2 billion, which is the cash that they currently stand to get out of this. That's the actual sales price. It's really all about the sale of a company for $2 billion.
Q: What about the "absolute priority" issue? The bondholders say they should be first in line to get compensated in bankruptcy dealing and the unions are jumping ahead of them with government support. Are they off base?
I think they are..."Absolute priority" is the bankruptcy rule that senior creditors must be paid in full before people below them get paid anything. Certainly [the bondholders] would have a complaint if the $2 billion were being divided between them and the unions, but the $2 billion isn't being divided between them and the unions. The $2 billion is the only piece that's in the bankruptcy process and it's the only piece that is subject to the absolute priority rule.

You are incorrect about the few remaining creditors caving. A pair of Indiana state pension funds is challenging the sale. And U.S. District court will rule on it this week, perhaps as early as tomorrow.

The moral of the story is that all of this is not as cut and dried as you right wingers like to make it out to be.

Actually it is. This country has historically lurched back and forth from left to right. Today in large part because of Rep. mistakes we are lurching very far to the left. I for one do not want to continue to fund excesses by corporations , unions and especially the government. Andrew Cuomo has it precisely correct when he advocates for reduced spending rather than increasing taxes. The latter is easier but far more dangerous.
Oh as for for quoting a law professor, I don't know Professor Lubben, but as a lawyer I can tell you that the vast majority of law professors make Obama look moderate.

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    • ziggy: Actually it is. This country has historically lurched back and read more
    • Roundly Roger: You're blaming Chrysler's woes on the UAW? That's some kind read more
    • ziggy: RR Wow to justify your opinion, you quote the former read more
    • Roundly Roger: FDR said it took a Great Depression to get him read more
    • dcf: Cut spending, by all means, that's the hard part. Cut read more
    • ziggy: RR I actually totally agree with you on the sheer read more
    • Stuy Town Reporter: "Maybe you should stick to trying to find missing decorative read more
    • Roundly Roger: I'm not angry, ziggy. I just have little patience or read more
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