Tuesday, November 24, 2009

Who's raiding the University of California system and making billions disappear?

As UC Regents Approve Major Tuition Hike, Students, Faculty Decry Erosion of Public Education in CA and Nationwide

" ... money is being funneled into the compensation of the star faculty and the star administrators, because in the UC system there’s over 3,000 people who make over $200,000. And many of them make $400,000, $500,000. A lot of them are mostly administrators and staff, and so the university has—basically has fewer and fewer faculty, more and more students and more and more administrators. "

The administrators are cutting—are virtually no cuts. In fact, the same meeting, when they decided to raise student fees [32%], they voted on millions of dollars of increased salaries and special bonuses to administrators and to the highest-paid people. And so, there has been several compensation scandals in the UC system. And what they discovered is the UC has secret packages that it gives a lot of its administrators and athletic coaches and some of its star faculty, a small percentage, and that it makes these secret deals, it breaks its own rules, and that money continually floats to the top of the university.

One of the stories I want to talk about is just that UC lost over $23 billion in investments in the last two years. And one reason why it lost so much money is that it invested heavily in toxic assets and in real estate.

Why not ask the President, Mark Yudof about these serious charges?
A Philadelphia native, he earned an LL.B. degree (cum laude) in 1968 from the Law School of the University of Pennsylvania, where he also earned a B.A. degree (cum laude with honors in political science) in 1965.

His wife, Judy, is the immediate past international president of the United Synagogue of Conservative Judaism. She also serves on the U.S. Holocaust Memorial Museum Council and the international board of Hillel. In 1993, Mark and Judy Yudof were co-recipients of the Jewish National Fund Tree of Life Award. The Yudofs have two grown children - a son, Seth, and a daughter, Samara.

Wherever you go, there's always that Holocaust™ angle. Don't look too close or ask too many questions about all those missing billions, what are you, some anti-Semite?

From the Federal Reserve, to Wall Street to the inner corridors of the White House, there's always an Israeli connection. The Fed has printed up and gave away 24 TRILLION dollars of OUR money and is refusing to say where it went.

Wall Street has and continues to steal trillions in their never ending shell games.

And now our universities are being looted and plundered. Hmm, wonder how that happened?

And no Lover of Apartheid Israel would be whole without visiting the Holocaust™ museum of fairy tales at 'Yadda Yadda Yadda' Vashem and shedding the requisite crocodile tears.

Perhaps they know that Wall Street thief and master con artist, 'Bernie' Madoff who looted over 65 BILLION from our banks and shipped most of that plunder to Israel and those are tears of joy?

All of this and Yudof gets a measly pay package of close to $850,000 per year?

Yes, things sure is tough in Holocaust™ land.

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