Penile State gets Insurance Protology

TALLAHASSEE -- The largest property insurance companies in Florida would be able to charge whatever they want under a bill that should reach the governor's desk in the next few weeks.

It -- potentially -- represents a remarkable reversal from Gov. Charlie Crist's first few weeks in office in 2007 when he led an aggressive charge to cap rates for the state-backed Citizens Property Insurance Corp. and to give state insurance regulators more power to oversee the insurance industry. Crist has said the bill "gives me some pause," although he stopped short of saying he would veto it. more

Sarasota Blogger a former Russ Meyer Vixen?

This blog -- bursting from its mentally tight and narrow bodice with hilarious bunker mentality wingnut central blather -- by this blogger - is allegedly the ... brainchild would not seem to be the mot juste here . . . let's say PRODUCT - the product of this charming young Russ Meyer lady:



According to this report.

Penile fizzle

Florida growth fizzle is official

Pummeled by the real estate market crash and the national recession, Florida's growth fizzled to less than 1 percent last year, according to new U.S. census data.

While scores of unemployed people left Florida, others flocked to Texas for work. 

snort - from frying pan to third degree hell...

Asshat makes it to the bigtime

link

Red, tumescent, or bloody penility:

1, 173 cities in the US affected by the Madoff scam:  via

Penile Ponz

Taking on the biggest Ponzi of all: housing

A University of South Florida professor, quoted in The New Yorker explaining what went wrong with Florida's housing market, used a now familiar term.

"Florida, in some ways, resembles a modern Ponzi scheme," Gary Mormino said. "Everything is fine for me if a thousand newcomers come tomorrow."

The buyers did come for years. But when the Ponzi scheme ran out of new suckers to pay the absurd prices, it all collapsed. SH_T

Cargo Cult

More here...

Penile Envy

Any more turdblossoms?

Outpacing even Texas

WSJ

Federal and state authorities are reporting a growing number of financial scams that echo the alleged Madoff fraud, as strapped investors seek access to their cash amid increasingly hard times.

At least six suspected multimillion-dollar fraud cases have emerged this month alone, many of them alleged Ponzi schemes, in which investors are lured by promises of lofty returns but are actually paid off from new victims' funds.

On Tuesday, authorities arrested Arthur Nadel, the missing Florida hedge-fund adviser...

Todd Foster, a lawyer for Mr. Nadel, says his client voluntarily surrendered to the authorities and is cooperating with them. He says "we aren't in a position to comment on the criminal charges now," adding that investment "losses don't necessarily equate with fraud."

{ed.'s note: nor do kind intentions with innocence}

In the latest case to emerge, Nicholas Cosmo, a Long Island, N.Y., investment-firm owner, surrendered to federal authorities Monday. Mr. Cosmo allegedly raised more than $370 million between 2006 and 2008 by promising investors 48% annual returns from funding commercial loans, according to a federal affidavit in support of his arrest.

Three weeks ago, the SEC accused a Philadelphia-area investment fund manager, Joseph S. Forte, with running a Ponzi scheme since at least 1995 that claimed returns as high as 38% and raised $50 million. Mr. Forte didn't return phone calls made late in the day.

Meanwhile, Idaho's securities regulators are investigating allegations by investors in Idaho Falls that they lost up to $100 million in an alleged Ponzi scheme by Daren Palmer, a local money manager. No charges have been filed. Mr. Palmer didn't return phone calls made late in the day.

There was also the case of Marcus Schrenker, an Indiana financial adviser who was arrested in Florida earlier this month after allegedly trying to stage his death in a plane crash as investigators probed his businesses.

The Ponzi scams alleged by the SEC sprung up all around the country: in Texas, where participants, many of them elderly, invested $45 million in a phony hedge fund that supposedly produced annual returns as high as 61%; in a currency-trading scheme in Georgia which promised returns of 10% a month; in Florida, where two companies raised $30 million by allegedly convincing investors they would earn money by exporting gadgets like Apple iPods to South America. The SEC alleges that the companies purchased few electronics and used "newly invested funds to make principal and interest payments to existing investors."

The SEC has accused South Florida investment adviser Anthony A. James of misappropriating at least $2.4 million in client funds to buy a six-bedroom home, a Porsche and season tickets to the Miami Heat basketball team.

You know you're in the Penile State when...

Your high school exhibits a certain way with words:

SAC

The Student Advisory Council is comprised of parents, students and CHS staff members who are dedicated to the continued development and maintenance of quality educational programs at Charlotte High School. Being involved with SAC provides parents the opportunity to be an intrical part of the Tarpon Family.

Let us now praise

Florida Business Regulators!

At the Dept. of Business Regulation, there used to be oversight of accountants.

Now apparently it's all about licenses.

Where do fraud victims apply, Guv?

PILLag(e)ARS of the PENILE STATE COMMUNITY

West Palm Beach ~

Catholic priest admits stealing $370,000 from Florida parishioners

PenileStatia ~

Florida: Plea In Child Pornography Case
A former spokesman for Florida’s child welfare agency has pleaded guilty to producing child pornography, less than a week before he was expected to stand trial. (We don't know where, because it's the New York Times reporting it).

Sarasota ~

SEC charges Sarasota hedge fund advisor with fraud

Virile Penility

Florida Politics brings great news -- the Penile State outperforms even our humble estimation:

Number 1 in Mortgage Fraud!

Number 1 in Food Stamps!

Number 1 for convicted politicians

etc.

We'll never match Bernie Madoff. You can't be all things to all sleazeballs. But it ain't for lack of trying.

The very best part of Jan. 20, 2009...

. . . will be the supremely satisfying moment that Mr. Bush and distaff, no longer in harness, are excreted from the rear of the Capitol, and sent on their merry way, like shit off a shovel.