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Thread: What YOU can do to fight back - IFT limit

  1. #13

    Default Re: What YOU can do to fight back - IFT limit

    Now Paladin, a lawsuit would be unseemly during an election year. Please be kind to our benevolent leaders, $350 eh? Let's see who signs the 3,000 letters, that should leave a mark.
    Lets go fishing at the crack of noon.

  2.  
  3. #14

    Join Date
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    Default Re: What YOU can do to fight back - IFT limit

    Thanks Paladin. I'd love to sue those SOBs on the Board too. Although they're not stealing like the Enron execs... they are meddling with the free will of honest government and military employees, along with money that is not rightfully theirs, nor within the rules of the CFR.

    At the very least, those mighty 3000 should be grandfathered in and allowed unlimited trades... and $10,000,000 each for pain and suffering.

    This is madness... THIS.... IS..... SPARTA!!!

  4.  
  5. #15

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    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by Paladin View Post
    I'm wondering whether TSP might reconsider their position if it became evident that they could be facing a slew of these pesky private lawsuits scattered throughout all 11 circuits of the federal courts.
    This would be a text book class action law suit.

  6.  
  7. #16

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    Default Re: What YOU can do to fight back - IFT limit

    If you sue the TSP Board, aren't you in effect suing the federal government?

    If true, that would mean damages are paid by taxpayers. I don't like the sound of that.

  8.  
  9. #17

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    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by Mike View Post
    If you sue the TSP Board, aren't you in effect suing the federal government?

    If true, that would mean damages are paid by taxpayers. I don't like the sound of that.
    It's OK Mike you have PLENTY of Money!! Sue the bast$$ds!!
    10/23/2020
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  11. #18

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    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by Mike View Post
    If you sue the TSP Board, aren't you in effect suing the federal government?

    If true, that would mean damages are paid by taxpayers. I don't like the sound of that.
    Think of it like this: of all the taxpayer money that is frivolously spent, with this at least there is taxpayer money being spent for a cause you support and will be affected by.
    Proverbs 27:12 - A sensible man watches for problems ahead and prepares to meet them. The simpleton never looks, and suffers the consequences.


  12.  
  13. #19

    Default Re: What YOU can do to fight back - IFT limit

    It’s interesting the way their (TSP) arguments go around in circles…

    From Jim's article:

    First…
    Most people who try to play the markets are reactive, Miles said.
    For example, many sold off their international stock fund investments in the wake of world crises such as Israel’s invasion last year of Lebanon or large sell-offs at foreign stock markets.
    That’s a mistake, Miles said. By fleeing from a market experiencing turbulence, investors will miss out on the inevitable “bounce back.”

    Then…
    Limiting transfers to twice a month is more flexible than most mutual fund groups allow, Ray said. The board included one exception into the trading restrictions: Investors will be able to shift money into the lower-risk, lower-reward G Fund at any time. This is intended to give investors an option if they have already used their two monthly transfers and become frightened about market activity.

    If they are going to protect us from ourselves, they better take care of this one too.

    Do they or don’t they want people selling weakness?
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

  14.  
  15. #20

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    Default Re: What YOU can do to fight back - IFT limit

    Quote Originally Posted by James48843 View Post
    Thanks.


    Here is the information about two members of the Employee Thrift Advisory Board.

    The chairman is Sauber, and vice-chairman is Brown.

    The ETAC is a 14-member group, consisting of union and management representatives, that advises the FRTIB on matters related to the TSP. Gregory Long, Executive Director of FRTIB, was quoted as saying they (FRTIB) would need to discuss the proposed IFT restrictions with ETAC before it was finalized.

    Therefore, I think we really need to flood these two gentlemen with our calls and faxes.

    Richard Brown, President

    National Federation of Federal Employees

    805 15Th Street , NW Suite 500 ,
    Washington, DC 20005
    USA
    Website: www.nffe.org
    Phone: (202) 216-4420
    Fax: (202) 898-1861


    James Sauber
    National Association of Letter Carriers
    100 Indiana Avenue NW
    Washington, DC 20001-2144
    USA

    Website: www.nalc.org
    Phone: (202) 393-4695
    +++
    I called both numbers, and both offices were closed, but I managed to clock my way through their phone mail systems and leave a message on their voicemails.

    I encourage EVERYONE to also do the same. Phone them up, then leave a message on the voice mail. And, next week, call again.

    THIS IS A FULL COURT PRESS- DO YOUR PART. COMMUNICATE YOUR DISPLEASURE WITH THESE DRACONIAN RESTRICTIONS.



    Can anyone help identify the other individuals on the council?

    And their phone numbers?

    Not just the organization involved, but the actual names of the individual people,

    and their phone numbers.



    Thank in advance for your detective work.

    Hint: start with this: Google Employee Thrift Advisory Board

    There are 14 members.

    We've got the phone numbers of two of the 14.

    We need the names and phone numbers of the other 12.

    YOU- get active. Help in the search.

    Help be a "TSPTALK DETECTIVE".

    Then post the info here.

    thanks

  16.  
  17. #21
    ekatteng's Avatar
    ekatteng Guest
    AutoTracker

    Post Re: What YOU can do to fight back - IFT limit

    The board president is the one who appoint those members... we really do not have an independent voice... we need the National Association of Federal Retires and the Union Coalition of the Federal Employees to help us on the fight just like they doing the NSPS payment for performance system... I am also for as many legal class actions as possible once we start receiving letter of restriction in December...

    Quote Originally Posted by James48843 View Post
    Can anyone help identify the other individuals on the council?

    And their phone numbers?

    Not just the organization involved, but the actual names of the individual people,

    and their phone numbers.



    Thank in advance for your detective work.

    Hint: start with this: Google Employee Thrift Advisory Board

    There are 14 members.

    We've got the phone numbers of two of the 14.

    We need the names and phone numbers of the other 12.

    YOU- get active. Help in the search.

    Help be a "TSPTALK DETECTIVE".

    Then post the info here.

    thanks

  18.  
  19. #22
    ekatteng's Avatar
    ekatteng Guest
    AutoTracker

    Post Re: What YOU can do to fight back - IFT limit

    Tom, I suggest to centralize all our comunication and efforts here...


    Quote Originally Posted by tsptalk View Post
    It’s interesting the way their (TSP) arguments go around in circles…

    From Jim's article:

    First…
    Most people who try to play the markets are reactive, Miles said.
    For example, many sold off their international stock fund investments in the wake of world crises such as Israel’s invasion last year of Lebanon or large sell-offs at foreign stock markets.
    That’s a mistake, Miles said. By fleeing from a market experiencing turbulence, investors will miss out on the inevitable “bounce back.”

    Then…
    Limiting transfers to twice a month is more flexible than most mutual fund groups allow, Ray said. The board included one exception into the trading restrictions: Investors will be able to shift money into the lower-risk, lower-reward G Fund at any time. This is intended to give investors an option if they have already used their two monthly transfers and become frightened about market activity.

    If they are going to protect us from ourselves, they better take care of this one too.

    Do they or don’t they want people selling weakness?

  20.  
  21. #23

    Join Date
    Sep 2004
    Location
    Missouri
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    Exclamation Re: What YOU can do to fight back - IFT limit

    3000 Tspartans,

    Send this to your elected officials to identify the Employee Thrift Advisory Board and post the results here or send them to me. I just sent a note to my EO's to get some action going. KISS

    I am a TSP participant and a Federal employee and need to identify the members of the Employee Thrift Advisory Board. Will you help me? There is no web site or much information on the web. They are a 14 member board with no information on who they are or how to contact them. Please help.
    Thank you.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  22.  
  23. #24

    Join Date
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    Location
    Missouri
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    Default Re: What YOU can do to fight back - IFT limit

    I am finding it worded as a Employee Thrift Advisory Council also.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  24.  
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