Making the Case for Hartzman
George Hartzman is apparently no longer posting at Triadwatch. Regardless of the reason, this is a good thing. Triadwatch provided a needed service to the community. Perhaps it can now continue in that vein. Hopefully, in time it can be added back to the Greensboro101 aggregator.
George recently had a really bad day at the blogs. In addition, he emailed a huge amount of files to several of us. He dropped by the house that night, but I was out. So, Monday afternoon I called and arranged to meet him to see how he was doing. He tried to make me understand the importance of the files, but I was not a good listener. Indeed, George continues to meet with lots of people where he attempts to make his case against his employer.
Here’s the problem: it’s not our job to make George’s case. He contends that I would do a better job, but that misses the point. Only George really knows what he’s trying to achieve. His position is that providing the data is sufficient and leaves him free to continue publishing innuendo in the place of actual substantiated allegations. He apparently sees it as a strategy, when the rest of us perceive it as lassitude.
After having abused his privilege to email us, and publishing remarks intended as confidential, Ed Cone has expressed the opinion that such conduct “undermines the credibility of his whistleblower case.” Unfortunately, Ed is no longer interested in receiving George’s email.
I have to admit it is irritating to receive so many emails of unclear intent. He apparently spams all his Facebook friends with this stuff. And it can only be interpreted as a cry for help.
Today, he has called us out for being ignorant. As usual, George has misread us. We are not ignorant and we do care. But it is not our responsibility to make George’s case. Only he can do that.
I’m afraid we’ve entered the stage of George’s victimhood where he is resorting to abuse to achieve his goals. This behavior can only serve to marginalize his efforts. Time after time, he has been asked to make his case in declarative sentences. So far, he has been unwilling to do that. Sadly, no one is able to do it for him.
I have even offered to tell his story for pay. However, his contention is my reward will come as the result of the whistleblower case breaking nationally. I made it a principle a long time ago never to work on spec.
While George is worried about what someone might do to him, I’m beginning to be more concerned about what George might do to us.
The ed cone post was about ed and friends,
being the one’s described at ed’s Holliday PAC post
who want to build a PAC in one location with some donor support
but not in another.
These friends of Cone remain unknown.
How did I have a bad day at the post?
Except for the tags, it is difficult to tell what you are talking about – a common problem with you.
Your lack of objectivity in understanding what happened to you Friday at Word Up is stunning.
I realized that Kieth’s wife didn’t know about the Wells thing.
She works at a bank.
As soon as I realized the conflict, I put up the post
which was soon edited and then erased.
http://hartzman.blogspot.com/2012/07/got-to-stop-posting-at-triad-watch-for.html
I put up the copy of the post at hartzman.blogspot.com
right after I put up the post at triadwatch.
I also got Kieth in big shit with his spouse,
for which I profoundly apologize.
A mistake on my part as to how the conversation went.
I have kept Kieth out of the Wells thing as much as possible.
He didn’t know about any of it until I went public.
Keeping Keith in the dark while using his blog is unconscionable. You’re a slow motion train wreck of collateral damage.
I apoligized as soon as I saw the problem.
The Triadwatch stuff was about local politics.
I used the ed cone post to post on the Whistleblower thing.
Then the math added up in my head once I realized she didn’t know.
https://www.dropbox.com/sh/9ma6lp3kcllv46n/N-dj4w36TY
The pdf’s with the numbers are from the State of NC file I FOIA’d
Case sensitive password wF479ptQ
Great. Now tell us what they mean. I’ve already posting that I’m not doing your dirty work. And anyone who would help you commit professional suicide is a fool.
I already did.
https://www.dropbox.com/sh/9ma6lp3kcllv46n/B4Dq3BiSNP/George%27s%20Third%20Group%20of%20Papers%20%28Performance%20Reviews%29.pdf
these are performance reports.
I nailed it until the effects of the secret loans kicked in,
so I went relatively sideways because I couldn’t figure out what was going on.
John Stumpf made bank by not disclosing what he and I assume the board knew,
while me and mine were kept in the dark.
the top black line is the account.
the other three lines is what the market did.
most of the stuff at the drop box by me was compliance approved
by our back office.
https://www.dropbox.com/sh/9ma6lp3kcllv46n/nn1XDkT_PC/1%2030%2012%20%20Hartzman%20Tactical%20Allocation%20with%20Hussman.doc
Did some stabilize financial markets in the short-term
to defend political legacies and financial interests, regardless of long-term consequences?
If more money was withdrawn than invested in US equity products during 2009,
coincident with record new and equity offerings,
amid the least amount of corporate stock buybacks
and the most insider selling in recent history,
where did the assets needed to recover trillions
of US financial market capitalization and borrowings by the US Treasury come from?
If some consider insanity to be doing the same thing repetitively,
expecting different outcomes,
and the Federal Reserve contributed to the financial crisis
by creating short term growth at the expense of long term stability
after increasing money supplies before Y2K and after 9/11
while reducing short term interest rates from 6.5% in 2001 to 1% in 2003,
why would who want to repeat the same strategies after 2008?
Could many who believe the government
should pledge their children’s future income
to prevent the failure of insolvent businesses
be indirectly advocating a political system other than capitalistic democracy?
Should economic plans designed to fix large, complex predicaments,
rely on many who created and profited from the initial problems,
who may not have wanted to identify and confront them
when they were small, relatively unknown and lucrative?
Did some stabilize financial markets in the short term
to defend political legacies and financial interests,
regardless of long term consequences?
Did some economic and political leaders
bail themselves and their compatriots out of their own mistakes,
by pledging trillions of debt and newly created money,
knowing the consequences would be handed down to many who may be unaware
including the unborn of following generations?
Is dissent the highest form of patriotism?
https://www.dropbox.com/sh/9ma6lp3kcllv46n/rehryUBMDN/1%20personalized%20Hartzman%20Tac%20All%20%202011%20What%20to%20Do%20Now.doc
All of the above was Wells Fargo compliance approved for use with the public.
https://www.dropbox.com/sh/9ma6lp3kcllv46n/VVsKDWQMbC/1%20default_plan_assumptions.pdf
Look at the return discount rate thing on page 3
Not sure why George describes the donors as my friends — no donor list has been made public, or seen by me. As I’ve said, I understand that list to include mostly individuals (some of whom I may know, we’ll see) and a perhaps surprising number of corporations.
I’m also unclear how I got on George’s shitlist. I did say that his constant accusations of impropriety against a wide variety of people and institutions serve to undermine the credibility of his whistleblower case. The comparison I made was to the boy who cried wolf. Also, I chided him for publishing personal correspondence. Neither action on my part strikes me as hostile — in fact, the first one was intended to be helpful, and the second, while no harm was done, was about an uncool thing George did.
So, yes: George’s behavior remains baffling to people who are interested in his case and have been sympathetic to him.
How about those healthcare numbers you were going to get back with me on Ed?
I don’t recall being alone at the criticizm on the PAC thing in that thread.
If Billy, Spag and Roch of all people raised the same questions…?
“I understand that list to include mostly individuals
(some of whom I may know”
How many Ed?
How many are you related to?
Did you think it was a good idea
for Nancy Hoffman to buy 304 S elm street,
in the run up to vote on a $60 million investment
including public money which she has voted on?
Did you know she was talking to DGI
about the space?
Did you notice the property is in the middle
of all the proposed PAC locations?
Who was the attorney?
We’ve been down this road before with someone else who turned on those who tried to help them.
It has been suggested by email that I am a magnet for nut cases.
And I don’t know why he keeps sending me this stuff, when I’ve already said I wasn’t going to help.
George, I’m not sure how this cannot be clear at this point, but: I don’t know who the prospective donors are.
“It has been suggested by email that I am a magnet for nut cases.”
Whether intentional or not, you often paint yourself as one of us nut cases. (I am, I know it and I’m comfortable with my being a nut case) Therefore we nut cases are drawn to you because we think you are seeking us out because you might not yet be comfortable. Calling out, so to speak. If that isn’t the case then you have my apology but it is you who pens the words that crafts the persona that attracts us. We are but moths…
You will have to be the one who decides if we are the sort of company you want to keep. Me, I’m perfectly fine with the nut cases for they’ve nothing to hide and the most honest people I know. But again, it’s your choice.
Now if you’ll excuse me I have an appointment with a person who is in fact the nuttiest of them all. You see, she thinks her PHD is enough to turn the likes of me into Mr Normal and she’s convinced the taxpayers she can do it. Is that not a hoot?
“I’ve already said I wasn’t going to help”?
I like that Billy Jones.
And fec, you proud the hairless ape has been through a primary and runoff without getting excited? lol.
I think I’m getting an itch to start the blog back up.
Congrats on yesterday’s victory.
: ) beat ‘em at their own game
C:\Users\Mauraaaa x3\Dropbox\Public\George’s Second Group of Papers (Plan Assumptions).pdf
This is a client account I inherited.
Notice how many plans have been done on the first page.
The total client costs for the household is about 2.5%
But the second page, where it says “return discount rate”
Last year it said “Annual investment expenses”
which shows on page 5.
Notice the asteric on page 2.
Says to use the default rates, leave empty.
The default rate is 0.
If you don’t mess with the rate page,
the “return discount rate” doesn’t show on the presentation to the clients.
If you put it in, it will show.
If the assets are invested, and the investment costs are excluded,
how is it not misleading.
This is about telling clients something that’s not true.
If a fiduciary, it is a violation of the Securities act of 1940.
The NC State investigator quotes http://hartzman.blogspot.com/2012/07/from-foia-request-for-george-hartzmans.html
Which says
“…Standards Applicable to All Communications with the Public
A. All member communications with the public
shall be based on principles of fair dealing and good faith,
must be fair and balanced, and must provide a sound basis for evaluating the facts
in regard to any particular security or type of security, industry, or service.
No member may omit any material fact or qualification if the omission,
in the light of the context of the material presented,
would cause the communications to be misleading.
B. No member may make any false, exaggerated, unwarranted or misleading statement or claim
in any communication with the public.
No member may publish, circulate or distribute any public communication
that the member knows or has reason to know contains any untrue statement of a material fact
or is otherwise false or misleading.
C. Information may be placed in a legend or footnote
only in the event that such placement would not inhibit
an investor’s understanding of the communication.
D. Communications with the public may not predict or project performance,
imply that past performance will recur
or make any exaggerated or unwarranted claim, opinion or forecast.”
https://dl-web.dropbox.com/get/Public/George%27s%20Second%20Group%20of%20Papers%20%28Plan%20Assumptions%29.pdf?w=68c8daca
Wrong link to the internal Envision Docs.
http://hartzman.blogspot.com/2012/07/potential-enormity-of-george-hartzmans.html
So they tied the “retention bonus after getting bought by Wells,
to doing plans that hit the “target zone”.
The only way in overwhelmingly most cases to hit the target zone to get the bonus,
was to lie.
https://dl-web.dropbox.com/get/Public/1%20the_target_zone_and_plan_results.pdf?w=2a4f578f
Problem is, I am currently 56% Short, 21% Long, 14% Fixed Income and cash.
There was no way to model being Short,
which means betting the market was going to go down
in the Envision plan, which was the only way to get the bonus.
I waited for Wells to pay off TARP to take my bonus
believing I would not be taking taxpayer money.
Ends up the Federal Reserve, Wells, Wachovia and all the other bigs
had undisclosed lines of credit.
So once TARP was paid off,
the top brass who knew about the lines of credit
went back to similar high compensation structures, knowing insider information
while my clients got donut.
If I had known what they had known,
I could have done much better
http://hartzman.blogspot.com/2012/06/wells-fargo-advisors-internal-use-only.html
This is the bonus program
• “Assumptions: Enter the current gross income(s) and filing state for pre-retired clients and prospects. Only the filing state is selected for retired individuals. TIP: The annual income entered on this page will be used to calculate estimated social security as well as estimated retirement spending need and assigned spending percentages.
Finally, select the optional profile pages for your plan and then click .”
https://dl-web.dropbox.com/get/Public/1%20envision_quick_reference_guide.pdf?w=69e62ec7
“optional profile pages” is where the investment costs are inputed.
I spoke with more than one co-worker who said he/she was unaware
of the link to put in expenses, because it’s skipable.
The program was made so that screen where the costs go
is easilly skipped.
https://dl-web.dropbox.com/get/Public/George%20Hartzman%20Asset%20Advisor%20Performance%20Reviews.pdf?w=411c80bb
This is a much smaller Asset Advisor Performance Review pdf
George, just take a deep breath. What in the hell are you trying to accomplish?
You see, that’s the thing about what George is doing. It’s simply over the heads of most people. And while the smartest among us will figure it out the rest will just keep asking “What in the hell are you trying to accomplish?” and making references about George’s sanity when in fact, what George is doing is genius. Annoying as hell to mere mortals but genius just the same.
And before you ask, no I haven’t figured it all out but George has assured me that I am on the right track. I know it’s hard but try using the gray matter between your ears and quit being a vegetable, Collards.
You and George deserve each other.
“It’s simply over the heads of most people”
Bullshit.
You would Think Wells would have commented by now.
I came out on June 12th I think.
They put a private investigator on it.
But no comment has been the answer to more than three reporters.
Fec wrote, “You and George deserve each other.”
I too, am often intolerant of others. It’s a common symptom of being a nut case.
Remember Jeff, it is you who attract us nut cases, After all these years, do you not wonder why? Either you’re one of us or you’ve worked long and hard to play the part too well. If the first is true an admission will make things easier. If the second is the case then you are deserving of your frustration with us. The world’s greatest advances all came from men and women the world branded nut cases. Go ahead, ban the nut cases from your blog but for every one you ban two more will fly to the light. ‘Tis the way of the moth. We fly around looking for empty lights to encircle…
On writing George’s story. You might want to reconsider knowing that the greatest achievements (and pay checks) in the history of the world were always speculative ventures. Those who play it safe always disappear into obscurity and obscurity is death for any man who has ever fancied himself an inkling of a writer as you have long proven to do. George picked you over myself and others because you have what we don’t. Too bad you lack the necessary courage and conviction.
Oh yes, now you make the claim that you are Mr Normal but almost daily you show us otherwise.
Anybody who publishes two words attracts you. I don’t know what you’re grousing about. George asked me for your phone number. I replied that I didn’t know if you had one. Get in touch with him. Collaborate. Publish. Get rich and famous.
Sorry it took me so long to reply, I was again tormenting another shrink intent on wasting taxpayers’ money in an effort to make me normal.
As is too often the case, when you’re unable to refute me you resort to insulting me. That’s okay, it’s to be expected.I’m not the only one who has noticed it. If you continue according to your usual pattern you will ban me again. That’s okay too as everyone who has read this thread can see my behavior here has been nothing if not nice and pertinent to your comment, ““It has been suggested by email that I am a magnet for nut cases.” as was laid out in your rules just days ago:http://fecundstench.wordpress.com/2012/07/12/is-your-401k-ripping-you-off/#comment-5166 Noting of course that it was you who first broke Rule #2 and opened the gate to this conversation as we nut cases so often do.
George has my phone number now but you are the one he asked, not me. You are the one with the skills, the chosen one. You can deny it all you want but George, myself and dozens more are circling your light, we know you are the one. Do the deed or die wondering if you ever had it in you.
You see, it’s not about riches and fame. It never was. It’s about knowing if you have what it takes to see it through to the end of the story. And that, dear Jeff, is the one thing your pen has never given us. The whole story is what makes a writer complete. For once in your life, write the whole story.
The problem with you, Billy, isn’t that you don’t write well. It’s that you don’t have even a passing relationship with the truth.
As to the novel, the reason I was confused and posted the same article as Ed is because I ran across it while doing research on the character of Zeb Vance, another of Fast Eddie Crutchfield’s bastards, who saw duty in Djibouti in the 26th MEU. Writing a good novel such as the Cryptonomicon, which I am currently reading, requires a lot of research to establish interesting plot lines. And Zeb is but one of six bastards I’m currently developing, including Diddler Candy.
BTW, when talking about nut cases, we were alluding to you know who from my past.
But Jeff, this isn’t about me, never was. It’s about you and George’s request. George and I have talked but George never asked me to write his story. And had he asked I would have told him you are the better qualified, perhaps the best qualified in the world. I am, in fact, a big fan of your prose even on your worst and most belligerent days. You wrote, “I made it a principle a long time ago never to work on spec.” and yet that is exactly what you now admit you are doing when you tell us you are writing your Diddler Candy story. But rather than tell George and the rest of the world the truth, you simply say you don’t work on spec.
Sad.
I think you are trying to put on me what are your own issues with having “a passing relationship with the truth.” And the fact that I annoy you so easily only serves to make my point apparent to the entire world.
You fanned the flames, dear Jeff, and the moths, we just came flying in search of the light.
Off to the chiropractor now. There’s a profession that actually produces tangible results.
Dude, you annoy the fuck out of everybody. You don’t even know what working on spec means. I’m begging you to please leave me alone. I don’t care what you think.
I will grant your wish. May the rest of your day be better than it has thus far.
lol