2016 Postmortem
Related: About this forumJane Sanders took $200k severance after costing local parish at least $1.5 million.
The Roman Catholic Diocese of Burlington lost at least $1.5 million and perhaps as much as $2 million on a $3.65 million loan to Burlington College, according to financial statements from the church. In 2010, Burlington College bought the former diocese headquarters on North Avenue for $10 million. The diocese sold the property to help cover the cost of a $17 million settlement with victims of priest sex abuse in Vermont. The college borrowed heavily to buy the 33-acre prime Lake Champlain waterfront property. The purchase was part of an ambitious expansion plan for the school, led by Jane Sanders, the former Burlington College president and the wife of presidential candidate Sen. Bernie Sanders. In August 2011, Jane Sanders resigned (link is external) as doubts emerged about her plans and fundraising strategy. The college trustees gave her a $200,000 early exit package.
Sanders hoped to double the size of the college (link is external) and create a new campus at the diocese location. When she signed off on a $6.7 million loan from Peoples United Bank and a $3.65 million loan from the diocese in 2010, she was banking on pledged donations from supporters.
The diocese loan was settled earlier this year, and recently released documents show the diocese lost $1 million in principal payments, plus $500,000 to $1 million in interest accrued but never paid over a five-year period.
A VTDigger investigation in September showed that Sanders overstated pledged donations (link is external) used to secure the Peoples bank loan. Pledged donations never materialized, according to documents and statements from college officials. Ambitious plans to boost enrollments failed, pushing the college toward financial collapse.
Sanders declined to be interviewed for this and previous stories about the loans.
To avoid bankruptcy, the college sold 27 acres to developer Eric Farrell in February for $7 million. At about the same time, Burlington College settled the loan with the diocese.
http://www.vermontbiz.com/news/december/catholic-church-takes-loss-loan-settlement-burlington-college
Response to RandySF (Original post)
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RandySF
(59,237 posts)Response to RandySF (Reply #2)
pipoman This message was self-deleted by its author.
virtualobserver
(8,760 posts)merger with Travelers which violated that law....could stand?
or should we just do a full court press on the activities of his Penis?
Dawson Leery
(19,348 posts)pipoman
(16,038 posts)KingFlorez
(12,689 posts)That's all that needs to be said.
JRLeft
(7,010 posts)The Carlyle Group is a group of scumbags.
RandySF
(59,237 posts)JRLeft
(7,010 posts)Kali
(55,020 posts)what is that? like 4 or 5 years worth of living very modestly?
RandySF
(59,237 posts)Kali
(55,020 posts)where did I say that or whoever "us guys" are, where did "we" say that? what do you even mean?
200k/year might be kind of luxurious (well it would be hella luxurious to me!), but a payoff/retirement buy-out? those are supposed to be for years or the rest of your life...not sure what you mean (or if you even know what you mean)
JDPriestly
(57,936 posts)A speech. If Jane got severance pay, it probably means she did a good job.
2pooped2pop
(5,420 posts)A very golden parachute. I believe gm workers got offered more. Kind of like a silver plated parachute maybe?
I'm thinking u can keep pulling on those udders but I don't think you're going to get any milk. I know it's all u have so i'll just pick up some udder cream to sooth the rash as you keep trying to milk it.
libdem4life
(13,877 posts)I was counting the days/weeks since I read this earlier and mentioned in one of my posts, that there was some dirt on Sanders, but we wouldn't hear about it until it was necessary. How is it I'm so psychic? LOL. Not.
Polls are closing in and this is surely fair game. I'm sure it was well-intentioned, however unsupervised and overeager. A business deal that went South. Happens in the Big World most every day. Certainly the parishoners were not affected.
Again, as Bill Clinton's sexual actions are a part of the deal, so is Jane Sander's managerial expertise.
bvf
(6,604 posts)little peccadilloes, don't you know. Because Sanders promised never to give his honest opinion of them, or something like that.
libdem4life
(13,877 posts)regular basis, as well as in Arkansas what with LEO being asked to bring him certain nubile young ladies (you have to have a relative in Arkansas to know about some of this) et al, it was a lifestyle. A lifestyle that Hillary had to live with.
Is it relevant? Probably, because as I think further, he'd be the First Man of the White House and that background doesn't exactly fit the ceremonial position.
It would be good for his peccadillos helping him spend his time when Hillary (were she to become President) was away.
bvf
(6,604 posts)And absolutely relevant.
Hillary puts him out there on the stump, and no one is supposed to raise a peep. To dare to do so is to regurgitate right-wing talking points, or some such crap.
As you said, it's fair game. Giddy-up.
cheapdate
(3,811 posts)And Jane Sanders got paid by her employer? Okay. Good effort, I suppose.
RandySF
(59,237 posts)and got paid $200,000 for it. But it's ok, because it's a Sanders.
cheapdate
(3,811 posts)I'm assuming she made a good faith effort and fell short. I would also assume she was paid what was owed her. Do you think otherwise?
enid602
(8,654 posts)As Chief Executive Officer of her Institution, she overstated the balance sheet of the College by $2MM to support a large loan that such a tiny college could otherwise never have been granted. It could never make interest payments, as the stated income from endowments simply was not there. The college did indeed default within months. One might argue that she did not know what she was doing, or maybe was forced to do this by others in the college administration. But how many administrators could a college of only 200 students have?
I would agree that such smaller-scale CEO hijinks would not normally affect a spouse's political career, assuming said spouse a) explains the situation to the Press (including VTdigger and several local TV stations) and b) said spouse's campaign is not largely based on an aversion to Wall Street greed and fraudulent banking practices. This looks pretty hokey indeed.
Fox News' coverage of BS has largely been positive thus far, but this is a trap.
Ken Burch
(50,254 posts)It's not Jane Sanders' fault that the Archdiocese protected sex offenders.
libdem4life
(13,877 posts)If not, you've lived a very sheltered life. And yes, the Golden Parachute. And it will be roundly cussed and discussed. Also, it seemed to be because of pledges people made and didn't keep...since banks can't lend on future value.
I do know that the Catholic Church has some deep pockets, when they want to. But even in her sin of not fulfilling the project, she was still trying to help and make better people's lives. Hardly the case on Bill Clinton's little problems.
daleanime
(17,796 posts)she'll need to step it up in order for you to have an 'out-rage' opening.
libdem4life
(13,877 posts)Ken Burch
(50,254 posts)It never leads to progressive outcomes to nominate the least-progressive person. Obviously, you are content with the status quo. Why?
CaliforniaPeggy
(149,712 posts)AUTOMATED MESSAGE: Results of your Jury Service
Mail Message
On Sun Jan 10, 2016, 11:10 PM an alert was sent on the following post:
It's sad that you are this fixated with getting the most conservative candidate nominated.
http://www.democraticunderground.com/?com=view_post&forum=1251&pid=993208
REASON FOR ALERT
This post is disruptive, hurtful, rude, insensitive, over-the-top, or otherwise inappropriate.
ALERTER'S COMMENTS
unnecessary personal attack
You served on a randomly-selected Jury of DU members which reviewed this post. The review was completed at Sun Jan 10, 2016, 11:19 PM, and the Jury voted 1-6 to LEAVE IT.
Juror #1 voted to LEAVE IT ALONE
Explanation: Sanders or Clinton will both see a Republican elected handily, it's sort of a moot point. But let the bun fight continue.
Juror #2 voted to LEAVE IT ALONE
Explanation: Good gawd. DU is infantile these days.
Juror #3 voted to LEAVE IT ALONE
Explanation: Oh good grief. This post is NOT a personal attack. Leave it alone.
Juror #4 voted to LEAVE IT ALONE
Explanation: Ahhh, alert trolling as someone who doesn't support your candidate and the fact that you can't defend your own position means I leave it. Grow thicker skin people.
Juror #5 voted to HIDE IT
Explanation: This is a personal attack, plain and simple and is not allowed under the TOS.
Juror #6 voted to LEAVE IT ALONE
Explanation: Not a "personal attack" at all. It stays.
Juror #7 voted to LEAVE IT ALONE
Explanation: No explanation given
Thank you very much for participating in our Jury system, and we hope you will be able to participate again in the future.
Ken Burch
(50,254 posts)Thanks for letting me know.
CaliforniaPeggy
(149,712 posts)I generally post the results to whoever was alerted upon. I think people should know how these go.
HerbChestnut
(3,649 posts)Then I think Bernie is in good shape.
Ken Burch
(50,254 posts)If the college had difficulties when she was involved, it would have had them if anyone else was in her place. And you blame her for the Archdiocese's financial problems but NOT the pedophile priests the Archdiocese had enabled?
Now you are just being vicious for the sake of being vicious.
Bernie never did anything to deserve this from you.
JI7
(89,271 posts)such a BS article.
she got 200 thousand after having been there years. you act as if she was responsible for the financial loss and she ended up getting 200 milllion .l
Response to RandySF (Original post)
Post removed
libdem4life
(13,877 posts)Stick a fork in it.
Divernan
(15,480 posts)Sexual abuse scandal in Burlington diocese
From Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Sexual_abuse_scandal_in_Burlington_diocese
The sexual abuse scandal in Burlington diocese is a significant episode in the series of Catholic sex abuse cases in the United States. The court-documented cases covered abuse in the 1970s. The courts heard these cases from 2005 through 2010. In 2010, 26 cases remaining were settled for $17.6 million.1]
http://usatoday30.usatoday.com/news/nation/2010-05-13-vermont-priest-abuse_N.htm
Here are the stats on Burlington diocese's financial exposure for its pedophile priests BEFORE 2005:
All of the following information comes from documentation of complaints registered between 1950 and 2002 and contained in the Burlington Vermont diocesan files.
The documents of the Diocese of Burlington reveal a history of neglect and at times complete disregard for the welfare of minors and others who were sexually assaulted and abused by its clergy. This history is no better or worse than other dioceses or religious orders. It is only one example. We can all learn and profit from understanding the facts and the pressures under which priests are asked to serve their people.
1. Sexual Orientation: Of the 102 priests in the Burlington Diocese whose records were available forty-four (44) can be determined to have a heterosexual orientation based on accounts of their behaviors; also from reports of behaviors forty-nine (49) priests can be said to have a homosexual orientation; six (6) priests can be called bi-sexual from accounts of their behaviors. There was insufficient information to determine the orientation of three (3) priests.
2. Alcohol was noted as an element in eighteen (18) cases of problem behavior. Two priests were sent to treatment specifically for alcoholism.
3. Sex With Teens: Twenty-nine (29) priests were involved in sex with minors over the age of 14. Two (2) of the priests were sexually active with teen-aged girls, twenty-seven (27) with teen-aged boys.
4. Sex With Children: Twenty-three (23) priests were sexually involved with children under the age of 13 years. Nineteen (19) priests were sexually in involved with boys. Four (4) priests were sexually involved with girls under the age of 13. Three priests sexually abused both boys and girls under the age of 13. On the basis of these reports these priests can be diagnosed as pedophiles. The youngest child victim reported was a girl 3 years old; the youngest boy was 5 years old.
5. Behaviors With Minors: The types of sexual behaviors of priests with minors are of special concern. Many records of behaviors with minors are vague and are listed as foundling or foundling + to indicate sexually inappropriate touch on the skin, including masturbation, or outside the clothing plus activities minors do not want to specify. Sleeping with minor boys and bathing nude with them was frequently reported. Anal rape of adolescent boys is noted in reports of two priests; in addition anal intercourse is recorded 5 times and oral copulation is also noted 5 times in the list of abuse of minor boys. The use of pornography and incidents of voyeurism were reported. At least two (2) minors were solicited for sex during confession. There is no report that either incident was investigated and processed according to church law. Of all the offenders only two priests were convicted of sexual crimes against minors.
6. Sex With Adult or Married Women: Fifteen priests (15) were reported for involvement with married women; twelve priests (12) had relationships with adult women; two (2) priests impregnated a partner, one was 17 years old; four (4) priests were reported for sexual involvement with housekeepers;
7. Adult Consensual Sex: Although sexual relations between unattached consenting adults is ordinarily a private matter, the power position of a Catholic priest, and the public assurance that he is by profession sexually safe make his sexual activity with adults hypocritical and questionable at the very least. Adult consensual sex is ordinarily not criminal, however, the circumstances listed above create a climate vulnerable to harassment and abuse. Many adult women who report assault register dissatisfaction with church authority when they complain of mistreatment at the hands of a priest. Regardless of the circumstances frequently the woman in such a liaison is branded as the seducer and the priest is easily exonerated and even promoted. This can prevail even following an abortion insisted on by the priest of a pregnancy of his child.
8. Reports named nineteen (19) priests who had sexual relationships with adult men. There are instances of adult homosexual relations of priests with men or other priests that border on the criminal, however rarely reported.
http://www.awrsipe.com/diocesan_profiles/diocese_of_burlington.htm
Response to Post removed (Reply #24)
Post removed
DonCoquixote
(13,616 posts)and that desperation smells sweet to me, because it will force some of the hawks to realize that they will not be able to shovel the leftists out the door, but will need us all the way. Keep talking about everything buy the candidate's flaws, it is amusing.
pipoman
(16,038 posts)Mr. Rogers offenses compared to offenses of Charles Mansion....
Nice try....weak story bro...
applegrove
(118,792 posts)Bush had an accident as a teen driver that killed some guy. That was not brought up in the election.
RandySF
(59,237 posts)applegrove
(118,792 posts)840high
(17,196 posts)the election. i thought it was unfair and I think this is unfair. Go Bernie!
SunSeeker
(51,712 posts)With some exceptions, most candidate's spouses play behind-the-scenes roles, helping calm the candidate during what can be a grueling process, and not stepping into the forefront until later in the campaign. Jane Sanders, however, is more hands on. She and her husband share an office at their campaign headquarters in Vermont, she travels on nearly every campaign trip and is in on nearly all senior staff meetings.
And unlike other campaigns, Jane Sanders regularly takes the stage with her husband, waving to the crowd before getting a kiss on the cheek.
http://www.cnn.com/2015/10/12/politics/bernie-sanders-jane-sanders/
SunSeeker
(51,712 posts)snort
(2,334 posts)I was worried this campaign might leave them broke. They don't really have the personal wealth like some other candidates.
JDPriestly
(57,936 posts)This is a non-story.
It's not like Jane Sanders voted for the Iraq War Resolution and then messed up in Libya and Syria.
This has to be a joke.
beam me up scottie
(57,349 posts)Last edited Mon Jan 11, 2016, 08:24 AM - Edit history (1)
Attacking family members just makes people look desperate - like Republicans going after Michelle Obama.
Some things should be beneath liberals.
Thinkingabout
(30,058 posts)Bobbie Jo
(14,341 posts)jeff47
(26,549 posts)If you don't want spouses to be an issue, don't bring up spouses yourself.
Also, you managed to leave out the loss was due to the church covering for peophiles, something Jane Sanders was not involved in. I guess you want to put Whitewater back on the table, even though those losses were not caused by the Clintons.
djean111
(14,255 posts)I am assuming this is not seriously meant to sway Bernie's supporters to support Clinton. We all are looking at the big picture.