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$3.4 billion Indian settlement finalized
United Press International, by Staff

Original Article

Posted By:JoniTx, 11/26/2012 9:19:09 PM

WASHINGTON- Finalization of a $3.4 billion settlement between the United States and nearly 500,000 American Indians was lauded Monday by the Obama administration. The settlement of the long-running class action lawsuit over the U.S. government´s management of Indian trust funds and accounting of individual trust accounts became official Saturday following action by the U.S. Supreme Court and expiration of the appeal period. President Obama said in a statement issued by the White House that he welcomed the final approval of the so-called Cobell settlement, named for the late Elouise Cobell, who was one of the plaintiffs.

      


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Reply 1 - Posted by: Scribelus, 11/26/2012 9:40:30 PM     (No. 9035151)

Redistribute wealth any way you can.

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Reply 2 - Posted by: Reilly, 11/26/2012 9:55:33 PM     (No. 9035165)


What´s Ma Warren´s cut?


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Reply 3 - Posted by: killerbee, 11/26/2012 10:25:41 PM     (No. 9035184)

Now that´s settled they can start paying taxes on the roads that lead to their casinos.

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Reply 4 - Posted by: KTWO, 11/26/2012 10:42:08 PM     (No. 9035193)

Some claims are well founded. In this case the government accounting was incomplete, incompetent, or dishonest. naybe all three.

In the bigger picture, mining for grievances may be the biggest industry in America. Nearly any identifiable group can find some historical wrong. And find lawyers eager to split the return from suing.

IMNHO, Korean stone masons were treated badly in Milwaukee in the 1920s. Italians got all the big contracts. There must be some way to obtain damages.

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Reply 5 - Posted by: sgtfox of the jarhead clan, 11/26/2012 11:02:41 PM     (No. 9035201)

This will be noticed by Jesse Jackson, who will see an opportunity for a really big cut of a really big settlement for all that cotton that was picked for free.

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Reply 6 - Posted by: oh-heck, 11/26/2012 11:08:19 PM     (No. 9035205)

If memory serves this started under the Clinton administration and the Bureau of Indian Affairs was caught destroying rooms full of documents. Classic case of government mismanagement and corruption, they lost all records of where the funds were. This sounds a bit like the Obama decided to make lemonade out of lemons and found a way to reward a bunch of lawyers and add a few voters to the Democrat cause. I´d sure like to find out how much really goes to the lawyers and how much to individual indians.

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Reply 7 - Posted by: bogeegolf, 11/26/2012 11:52:11 PM     (No. 9035241)

Wow , sueing the government for mismanaging a program. That´s kind of funny.

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Reply 8 - Posted by: ColonialAmerican1623, 11/27/2012 12:12:38 AM     (No. 9035251)

In 2008 Zippy said he want to pay reparations to five groups. One way or another they will receive it while we blink.

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Reply 9 - Posted by: ColonialAmerican1623, 11/27/2012 12:13:18 AM     (No. 9035252)

Sorry for typo. It´s ´wanted´

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Reply 10 - Posted by: Twiggy, 11/27/2012 2:22:43 AM     (No. 9035317)

Well we have now paid off the phoney black farmers and now the indians. This government doesn´t have a clue how to assess the real obligation. Just submit a number and they will pay it. Typical gov operations. No wonder we are in the toilet.

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Reply 11 - Posted by: Trigger2, 11/27/2012 4:16:18 AM     (No. 9035349)

You can bet that the settlement of $3.4B means the goobermint stole triple or quadtruple the amount from the Indian trust funds.

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Reply 12 - Posted by: 3XALADY, 11/27/2012 7:15:03 AM     (No. 9035473)

I always thought government was exempt from lawsuits. Knowing about the Pigford award and now this, things must have changed.

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Reply 13 - Posted by: Rumblehog, 11/27/2012 1:01:58 PM     (No. 9036164)

Another post-election pay-off.

Why don´t we tax the Indian Casinos?

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Reply 14 - Posted by: KTWO, 11/27/2012 1:18:54 PM     (No. 9036209)

#12 The government can allow itself to be sued. It just passes a law which limits what suits can be brought.

See the last paragraph of the article.

The trouble with these suits is that a temptation always exists for politicians to pass sweetheart laws and toss money to favorites and/or those with hard luck stories.

In this case the Indians had a valid claim, the government bureaus had mismanaged money and records.

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