One year ago the FJC loan documents were leaked – respect to those responsible

the leak – now mirrored across the net (only some of the 19 files are shown)

Most people, most of the time, don’t give a monkey’s about what goes on at Pacifica. And that includes the members. In the referenda brought by the breakers earlier this year, a massive 77% didn’t vote. (33k didn’t, 10k did.)

https://pacificaradiowatch.home.blog/2020/03/30/referenda-station-results-approx-absolute-numbers/

The anti-breakers shout about their ⅔rds support, but this misses the point. There’s aggregation – and there’s organisation. It’s the contrast between sharing attributes (typology) & being organised in & thru relatively enduring relations (structure). The contrast being statics & dynamics: one, a snapshot in the present; the other, a force projecting into the future. To be effective, atoms need to be organised – then mobilised. And things are so bad in PacificaWorld that even the anti-breaker higher-ups lack organisation: after three months they can’t get the PNB Strategic Planning Cttee to work. (Met twice, three cancelled, since it was ‘re-populated’ in April.)

RealWorld, in the latest form taken by its developed capitalist societies, has found a rhetoric to encourage both acceptance of an institution & participation within a ‘community’: be transparent, be open. Transparency of proceedings; transparency of facts. So, a threefold transparency: of process, of the world as it starts from, & of the world it creates. Well, the obdurate Pacifica secrecy culture is impervious to all this.

Three activities are essential to the species: working, reproducing, communicating. Pacifica’s pseudo-leaders may be able to work & reproduce, but they don’t know how to communicate, which is why transparency is an unwelcome complication. They’re always afraid they’ll be misunderstood – hence the sad performances of the hapless Mansoor ‘Uriah Heep’ Sabbagh & the hypocritical Chris ‘R Paul, my heart bleeds for WBAI’ Cory, continually fretting that the ignorant great unwashed won’t understand provisional financial data, data good enough for them, but not for others. Well, the hermeneutic failure is all theirs.

This contrasts with 26June2019: an exercise in transparency, communication, hermeneutic success.

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On 2Apr2018, Executive Director Tom Livingston committed Pacifica to the biggest debt in its history, signing the $3.7m loan from the Foundation for the Jewish Community, known in the wider world as FJC.

Pacifica was proud of the new form it had pushed its debt into. It issued a press statement, still on the websites of KPFK & WBAI: https://www.kpfk.org/blogs/kpfk-and-pacifica-news/post/pacifica-announces-settlement-with-empire-state-building-and-empire-state-realty-trust/ & https://www.wbai.org/articles.php?article=3570.

So proud, the statement to the world included this from the then PNB Chair, Nancy Sorden (who’s still a director & WPFW listener-delegate):

I’d like to first thank the Pacifica National Board, for deciding on this approach and the enormous amount of work they put into it to get us to this point. Second, to FJC for providing this loan at a very difficult time for Pacifica, and third to the team of professionals that helped negotiate the settlement, secure the funding, identify and secure an agreement for our new transmitter location.

But the recognition of FJC didn’t stop there. A whole paragraph followed, detailing this ‘n’ that, as Mansoor would say, &, in referring to its Agency Loan Fund (ALF), Pacifica implied that this was the vehicle used to access money lodged at FJC. I carefully say ‘implied’ because no Pacifica employee or officer has ever disclosed the source of the loan: be it via ALF; one or more FJC donor-advised accounts; or some other FJC arrangement.

So given all these heart-felt thanks it was surprising that pretty soon, & with no explanation, the word ‘FJC’ became taboo, with the great & the good becoming boys in blue whenever someone mentioned the acronym. The policing became so extreme that Chair Nancy summarily ended the 20Dec2018 PNB meeting, cutting the stream, after ‘Jehovah’ ‘FJC’, that obscenity, had been uttered once too often by a blasphemer. PacificaWorld had collapsed into The Life of Brian.

http://wbai-nowthen.blogspot.com/2018/12/hush-money.html (smiles to Chris Albertson for the felicitous title) & https://kpftx.org/archives/pnb/pnb181220/pnb181220a.mp3 (22:45)

(Digression . . . this portion of the meeting is an excellent example of how that breaker Rottweiler, Carole Travis, operates. A masterful performance. Not least for trying to get on the stack before the agenda item had even been reached. Superb. Chomping on the bit before the meat was even on the table. Kinetic. Carole, sadly, is now retired from the PNB & the KPFA Local Station Board, but hangs around, lurking, in the KPFA Community Advisory Board & as a trustee of one of the pension funds – along with former ED Tom Livingston. Yes, the ties that bind. https://kpftx.org/pacalendar/cal_show1.php?eventdate=20200222 (click ‘Committee Members’))

As expected, the appeal to confidentiality – so beloved by Pacifica gatekeepers – was spurious, as fully explained July last year, by referring to the evidence, the leaked FJC contract documents we now have occasion to celebrate: https://pacificaradiowatch.home.blog/2019/07/21/pacifica-could-have-and-can-publish-the-fjc-loan-contract-the-confidentiality-clause-only-consists-in-fjcs-name-and-street-address/.

Giving credit where credit’s due, Chair Nancy, condemning mention of a press statement mentioning her very own words, richly earnt her PacificaWorld moniker, Chair ‘wooden as a chair’ Nancy. Nancy, we salute you, &, as they say interminably on Fox News, thank you for your service.

The self-appointed protectors of PacificaWorld created an aura of secrecy, one with its own lexicon: ‘the big loan’, to distinguish it from the Tom & Jerry loan, the Ben & Jerry loan – no, ‘the small loan’, the $0.5m loan collateralised by the Nakapon/National Office building (1921-1925 MLK Jr Way), the one ‘linked’ to director Jan Goodman, the Jan & Jerry loan, the Jan & fiends loan – no, the Jan & friends loan. In the leaked docs, ‘the small loan’ is called ‘the friendly loan’ & ‘the Pacifica supporters loan’ (sic). Inventive, & psychically revealing.

And yet the information gatekeepers, in doing their work, just couldn’t help themselves, antagonising fellow directors, by refusing to give everyone a copy of the loan documents. Directors Adriana Casenave & DeWayne Lark (both KPFT listener-delegates), not surprisingly, proved to protesteth the mosteth.

The notices for the PNB closed sessions say, “[o]n March 22, 2018 the PNB met in executive session and approved in principle a number of agreements that will immediately address our financial difficulties.” So, “in principle”: not the draft documents. The contracts were signed from the very next day: those with FJC signed 23Mar & before 3Apr by ED Livingston; the advertising contract with F.Y. Eye, Inc., signed 23Mar by ED Livingston (the euphemistic ‘underwriting’); & ‘the small loan’, the $0.5m, signed by director Grace Aaron perhaps 28Mar, & was due to be signed by director Mansoor Sabbagh. These docs weren’t distributed to all directors, either then or since. https://pacifica.org/documents/pnb_exec_180322.pdf

It should be added that the PNB Finance Cttee repeatedly complained about only some of its members having the FJC loan docs, even asking for them from the PNB. Fat chance. It was sorrowful to witness the repeated requests in Cttee of the forlorn Nick Arena, WPFW treasurer, a man who only happens to administer bank loan contracts in his day job. What could he contribute to Pacifica? Just as well he’s kept out of the loop.

(Elaboration . . . the lender of ‘the small loan’ was Pacifica Supporters Loan, LLC, & signing the contracts were two denoted “managers”, King Reilly & Jerry Manpearl. (Mr Manpearl just so happens to be hubby of a Ms Goodman: Jan, the Pacifica director.) The PNB agreed that Pacifica donors pay Mr Reilly $10k “as a brokers’ fee for arranging this loan”, & pay the lender $28k as “legal fees and expenses” – page 2 of doc #1. In contrast, it takes a worker on $15 an hour all of 4 months to earn $10k. Progressive values in action, the Reilly/Manpearl way. From 1921-1925 MLK Jr Way to the Reilly/Manpearl way. The Pacifica journey. All funded by the members & listeners. #ThisIsWhatWinningLooksLike. https://mega.nz/folder/PloCiSqJ#9rLejSkttE7gCVCCq3q86g/file/W0J1Eaha

Also, doc #5 (duplicated as doc #6), a ledger that isn’t Pacifica’s, identifies the nine ‘small loan’ lenders, of between $25k & $125k, at 7.5% a year – one is a KPFK listener-delegate (then, & now), another a current KPFT listener-delegate. (7.5% = prime + 3 percentage points during the period 14Dec2017 thru 21Mar2018; prime then rose to 4.75%. To note, the FJC loan is on the same basis. What’s good enough for a FJC investor is good enough for a Pacifican – Pacifican, & liberal (not socialist), values at work.) https://mega.nz/folder/PloCiSqJ#9rLejSkttE7gCVCCq3q86g/file/DhAV1KCB & https://about.jpmorganchase.com/about/our-business/historical-prime-rate

The ledger shows that ‘the small loan’, $0.5m, was the residue of a liquidated $2.075m loan, also at 7.5% a year, that had lasted one month. This loan had 13 lenders, of between $25k & $875k (Manpearl $400k, Reilly $875k). Curiously, a $50k lender ‘earnt’ no interest, so perhaps the sum either was only committed or was withdrawn the day it was deposited (if the interest were foregone as a donation to Pacifica then this would have been further recorded). The existence of this $2.075m (or $2.025m) loan has never been publicly acknowledged by Pacifica, neither by employees nor officers.)

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The publication of the FJC loan docs on 26June2019 was a giant step forward in making Pacifica transparent. The fact that no director claimed responsibility speaks volumes. Instead, respect goes to those who work to inform the members & listeners. Respect.

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There are 18 unique documents (one is a copy):

https://mega.nz/#F!PloCiSqJ!9rLejSkttE7gCVCCq3q86g (convenient one-click download of the folder; also ‘preview’ allows reading online)

The ‘root’ contract, called the “loan agreement”, dated 2Apr2018, signed (with no date) by Pacifica ED Tom Livingston & FJC President Lorin Silverman: https://mega.nz/folder/PloCiSqJ#9rLejSkttE7gCVCCq3q86g/file/b0IBlaiR

There’s also an advertising (underwriting) contract as part of the loan, dated 2Apr2018, signed 23Mar2018 by ED Livingston: https://mega.nz/folder/PloCiSqJ#9rLejSkttE7gCVCCq3q86g/file/qkxynCxQ

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