TSP Server Unavailable 10/10/08

[James48843]

Well just to put an exclamation on the initial thread here, It is midafternoon Monday and it looks like the inability to buy into the stocks on Friday morning has cost me about $6,500.00. Really pisses me off that they limit the trades and then can not even allow us to adhere to their new rules!

Is there any way to contact the TSP board other than the generic TSP Line?

Contact Losey at the e-mail address he gave. He is good about returning e-mails.

To contact the Thrift Board, Write a letter addressed to Chairman Saul- and include five copies of the letter, one for each member of the board, with instructions to share it with each member of the Board. Then mail it to the TSP HQ's in D.C. Greg Long will have to forward the letter to Saul.

Send your letter of complaint to this address:

Chairman Andrew Saul
Federal Retirement Thrift Investment Board,
1250 H Street, N.W.,
Washington, D.C. 20005-5985

Ask at the end of the letter for an acknowledgement of receipt.

Send a duplicate of the letter to Saul's business office.

Andrew M. Saul,
9 West 57th Street, Suite 3405
New York, NY 10019.



Good luck.

 

[James48843]

Speaking of Saul- here is an interesting tidbit.

Guess who ran for Congress, collected some $1.4 million in campaign contributions, all while he was also officially a federal employee serving on the Thrift Board, and therefore prohibited from receiving any campaign contributions by the Hatch Act?

I'll give you one guess.

http://www.tsptalk.com/mb/showpost.php?p=187721&postcount=676

 

[DenverAce]

Contact Losey at the e-mail address he gave. He is good about returning e-mails. Chairman Andrew Saul, Federal Retirement Thrift Investment Board, 1250 H Street, N.W., Washington, D.C. 20005-5985

Thank you James,


To update my lone situation the S&P is NOW Up almost 9% at 3:20pm on this Monday.

So it is now $9,000.00 the TSP System cost me by not being able to buy in on Friday!

I still want to express tremendous gratitude to Tom for sharing his insight and philosophy over the years. I have no such gratitude for the FRTIB...

 

[wv-girl]

I had problems getting in on Friday, had to reboot a couple of times, but was finally able to get an IFT done, with a lot of patience as the system was extremely slow. Took several minutes tho. Started around 10:30A -10:45A or so.

It occurs to me that if this system is automated, then why does the tsp need to "close" when the markets are open? Certainly, they have programmed the formulas in to set the prices at the end of the day? With millions of our dollars having been spend and mis-used on these computers systems, they really have no excuse to have any human intervention in determining the executions of the transactions or the postings or anything . Instead of the money they are throwing away when doing unneeded mailings of things that can be posted on their website, they can afford to pay the overtime for the Thrift line operators to be there. And where are their back-up servers that are suppose to come on line in case of a failure?

You can miss dinner, you can miss the bus, but DON'T ever mess with people's money.. SUCH DOLTS!