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Edited by Ghost4201990:
10/25/2016 6:37:30 PM
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Soldiers are being asked to pay back their signing bonuses!
This is a disgrace if I was a soldier I'd tell them to take that money and shove it where the sun don't shine
[quote][b]Source: [/b] https://www.yahoo.com/news/m/761495fd-e037-3b94-8678-e039ce66a5c0/ss_thousands-of-california.html[/quote]
English
#Offtopic
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2 Replies[quote] shove it where the sun don't shine [/quote] I haven't heard that in soooo long! Here's a cookie, good sir. 🍪
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its to do with the fact that US DOD had contracts with frannie mac and sallie mae if you had a home or student loan through the DOD financial channels; it was from one of those companies. from 1990-2007 Sallie Mae and Frannie Mac issued loans to people using policies that allowed any one to take a loan, even if it was evident said loan would be defaulted. they would take the loan packages and combine them with other loan packages and trade them as derivative financial assets the bad loans would get spread out and put into other derivative bundles with loans that were not as bad or that were in great standing. due to this the amount of bad loans issued eventually exceeded the amount of stable loans issued an thats what caused the 2007 crash. one unfortunate side effect of this is thus; any investment that had been placed on derivative financial assets containing bad loans----> was either at a loss, or disappeared entirely. now one reason the DOD contracts with loan companies---> they also contract with investors so that they can offer the Thrift Savings Plan which is essentially a 401k for DoD personnel. so due to the 2007 crash and the DoD having a large portion of their Financial capital as well as financial investments simply disappear; they were left with 2 choices; discontinue the 401k services or discontinue and request repayment of sign on bonuses. yea its quite rough an quite a rip off but thats what happens when you base the backbone of the entire economy on crookedly traded financial assets that in most cases have no real value/didnt exist as described in the paperwork.
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Fortunately, Ash Carter (Secretary of Defense) has told The Pentagon to hold off on demand of recall of money. At least someone is sticking up for them
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1 ReplyEdited by MrsPlatinumOG : 10/27/2016 5:11:05 AMNice you posted this. I think that's pretty fùcked up. "Thanks for putting your life on the line for your country, the money we gave you as a sign in bonus and compensation for your efforts, um yea we want that back or your going to prison." Sad
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Partially because we don't give the military enough funding. [i]Scotch or whiskey?[/i]
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If you go to change.org there is a petition you can sign .
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That's a -blam!-ing disgrace.
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3 Replies>California Can the big one finally hit that place already?
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So can we demand congress and the senate return the money they have been steeling from us in the last fifty years when they decided they want the US to be a third world country
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1 ReplyDid...did we just agree on something?
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9 RepliesEdited by DontH8thaGravy: 10/26/2016 6:09:48 PMBefore we get all mad about this, the reason why is because the national Guard got audited and it was discovered that they let something slip by. The reason they have to return the money is because the soldiers who reenlisted did not complete their contract. Now depending on what the contact says will determine whether or not it's something to be angry about. if it's something small then yeah, grab your torches and pitchforks, if it's something big, it should have completed in the first place because the soldiers knew about it. It's also the fault of the national Guard because they let it slide. They let these soldiers have the bonuses without full fulfilment of the contract and they got caught. This is how contacts work, they give money as incentive to fulfil the agreement and if you dont, then they will come back saying "excuse me. Where's my money. You did not fulfil your agreement" so before we all lose our collective American S!#$, let's take a step and think about what they did not fulfil in the contract.
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5 RepliesThat's really dumb. Yeah let's rip money right out of the pockets of the people who defend our country. Wtf
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1 ReplyWow. Way to respect the men and women who give their lives everyday defending our worthless asses
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1 ReplyThe Pentagon was the ones who ordered it though....
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This is why we don't need four more years of someone like Obama
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3 RepliesWHAT HAS THIS C-oh, california. Don't worry 'bout it. That fault line's gonna crack one day
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1 ReplyEdited by Offtopickle: 10/26/2016 9:58:17 PMThey shouldn't have to pay for an error in the system.
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They just halted that order, but yeah it was stupid
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1 ReplyWhen do you think they'll demand congress returns the money they receive?
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1 ReplyI told you all. Your government doesn't give a shit about you.
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17 RepliesLol! And to think people tried to trash Collin kaepernick for kneeling at a national anthem( even tho he said First hand that he isn't against the military.) And now the military's own government is pulling this stunt off. Lol this is the exact reason why I don't take people who argue about this country seriously
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5 RepliesGo after the bums that fraudently offered the bonuses. Not the soldiers who unknowingly took them. And why the -blam!- are they trying to recoup the money? Its chump change when it comes to DoD spending. Thats like driving back to McD cuz they shorted you 2 mcnuggets on a 12 pack.
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At a certain point in time it was said if they did they would continue living in comfort and receive more comfort because it could be a way to show they return money in favor of compensation from the source creating and discussing this.
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23 RepliesIsn't this violation of contract?
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3 Replies
