culture, politics, commentary, criticism

Tuesday, January 30, 2007
First Command: Lepers of the financial world. We wrote about First Command, the predatory financial company that preyed on young US soldiers, many times
before. (See also the links at the bottom of this page.)

Now the firm is finally suffering for its anti-American behavior. Payback is a bitch, isn't it? (Investment News):
First Command is “imploding” and “losing reps right and left,” said an executive at another broker-dealer, who asked not to be identified. “The leadership of the organization is so extremely into antiquated products, there’s nobody there who knows how to lead them into being a modern company,” the executive said.

[First Command spokesman] Mr. [Mark] Leach did not say how many registered representatives remain affiliated with the firm, but the executive from another broker-dealer, who asked not to be identified, said that First Command had fewer than 300 reps. Last year, the firm confirmed that it had 450 reps.
The article also notes that "Lamar Smith, the firm’s chief executive, has been replaced as chairman by Jim Lanier, a board member who until 2000 worked under Mr. Smith as president."

How did Lamar Smith get access to sell criminally overpriced life insurance to soldiers? Maybe it had something to do with his generous contributions to George W Bush, who needlessly put the soldiers in harm's way in the first place. Allowing First Command to sell such "antiquated" (i.e., criminally overpriced) products was okay in Bush's mind because he pretends to support the troops by wearing uniforms and such. Not only did Bush not support the troops, he let Lamar Smith swindle them.

After five years of war, replacing Lamar Smith now is too little, too late.

If you are a soldier — do not invest with First Command. It's that simple. Not because a liberal blogger said so, but because they charged soldiers on their way to war commissions so disgustingly high they no longer exist in the civilian world. Do you think you deserve to pay an astronomically higher commission than civilians for an investment you probably don't even need?

Ask yourself: Why did First Command stop charging such commissions? Bad conscience keeping them awake at night? Bush administration looking out for the welfare of the troops?

Nah, they just got caught. But not by the Bush government. By the so-called liberal press and the financial services industry itself.

Greatest Hits · Alternatives to First Command Financial Planning · First Command, last resort, Part 3 · Part 2 · Part 1 · Stealing $50K from a widow: Wells Real Estate · Leo Wells, REITs and divine wealth · Sex-crazed Red State teenagers · What I hate: a manifesto · Spawn of Darleen Druyun · All-American high school sex party · Why is Ken Lay smiling? · Poppy's Enron birthday party · The Saudi money laundry and the president's uncle · The sentence of Enron's John Forney · The holiness of Neil Bush's marriage · The Silence of Cheney: a poem · South Park Christians · Capitalist against Bush: Warren Buffett · Fastow childen vs. Enron children · Give your prescription money to your old boss · Neil Bush, hard-working matchmaker · Republicans against fetuses and pregnant women · Emboldened Ken Lay · Faith-based jails · Please die for me so I can skip your funeral · A brief illustrated history of the Republican Party · Nancy Victory · Soldiers become accountants · Beware the Merrill Lynch mob · Darleen Druyun's $5.7 billion surprise · First responder funding · Hoovering the country · First Command fifty percent load · Ken Lay and the Atkins diet · Halliburton WMD · Leave no CEO behind · August in Crawford · Elaine Pagels · Profitable slave labor at Halliburton · Tom Hanks + Mujahideen · Sharon & Neilsie Bush · One weekend a month, or eternity · Is the US pumping Iraqi oil to Kuwait? · Cheney's war · Seth Glickenhaus: Capitalist against Bush · Martha's blow job · Mark Belnick: Tyco Catholic nut · Cheney's deferred Halliburton compensation · Jeb sucks sugar cane · Poindexter & LifeLog · American Family Association panic · Riley Bechtel and the crony economy · The Book of Sharon (Bush) · The Art of Enron · Plunder convention · Waiting in Kuwait: Jay Garner · What's an Army private worth? · Barbara Bodine, Queen of Baghdad · Sneaky bastards at Halliburton · Golf course and barbecue military strategy · Enron at large · Recent astroturf · Cracker Chic 2 · No business like war business · Big Brother · Martha Stewart vs. Thomas White · Roger Kimball, disappointed Republican poetry fan · Cheney, Lay, Afghanistan · Terry Lynn Barton, crimes of burning · Feasting at the Cheney trough · Who would Jesus indict? · Return of the Carlyle Group · Duct tape is for little people · GOP and bad medicine · Sears Tower vs Mt Rushmore · Scared Christians · Crooked playing field · John O'Neill: The man who knew · Back to the top

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