If you don't understand how everything can have gone so wrong in the world in recent years, you need to spend an hour watching this movie. . .
Update: I used to have an imbedded YouTube video here, but it has been squashed, probably because so many people are watching it, so here's the place to go to watch it. Just paste this address in your browser's address window:
http://new.hulu.com/watch/392812
Go watch it quick before it gets squashed there, too.
Showing posts with label Banksters. Show all posts
Showing posts with label Banksters. Show all posts
Saturday, August 18, 2012
Monday, July 2, 2012
Who Knew?
A while back, in a post titled, When the People Win, I talked about the situation in Iceland, as an example of what could happen if we just flew the interdigital bird in the direction of our friends, the Big Banksters, and said, "no, sorry, won't be paying you to tank our economy anymore, and by the way, we won't be paying you your protection racket money anymore to keep you from tanking our economy, either."
Back in 2008, when the banksters crashed Iceland's economy, Icelanders refused to give them trillions of dollars as a reward called "bailouts." Then they refused to accept "austerity," which is code for take the money from regular people in taxes, cut all the programs that benefit regular people, and give all the money to the Big Banksters and Big Business, then collect fat campaign donations from Big Bank and Big Biz, so you can do it again later on. What did they do instead? The arrested a bunch of furry bankster behinds, took out their corrupted politicians, defaulted on the fake debt the banksters had run up, and began to run their own country again.
I thought that it sounded like a pretty dang good idea--one we should emulate. Well, the edgiest of the mainstream media, the Young Turks show, has finally caught up with a little housewife in the midwest. The video is below. I still think the Icelanders are on to something here. Shall we meet at the Capitol? I'll bring the rocks.
Back in 2008, when the banksters crashed Iceland's economy, Icelanders refused to give them trillions of dollars as a reward called "bailouts." Then they refused to accept "austerity," which is code for take the money from regular people in taxes, cut all the programs that benefit regular people, and give all the money to the Big Banksters and Big Business, then collect fat campaign donations from Big Bank and Big Biz, so you can do it again later on. What did they do instead? The arrested a bunch of furry bankster behinds, took out their corrupted politicians, defaulted on the fake debt the banksters had run up, and began to run their own country again.
I thought that it sounded like a pretty dang good idea--one we should emulate. Well, the edgiest of the mainstream media, the Young Turks show, has finally caught up with a little housewife in the midwest. The video is below. I still think the Icelanders are on to something here. Shall we meet at the Capitol? I'll bring the rocks.
Thursday, March 8, 2012
Chickens, Chickens Everywhere
On the theme of chickens coming home to roost, I've been following the growing number of bankster types who are suddenly deciding to spend a little more time with their families.
All told, as of yesterday, there have been 153 banksters who have resigned, or announced their intention to resign, from their positions of power and thievery. Seventeen of the charmers took a powder just yesterday. Kind of makes one wonder whether the poo is about to hit the air circulation device.
Here's the list, shamelessly heisted from, and with thanks to, American Kabuki (http://americankabuki.blogspot.com) and KP (kauilapele.wordpress.com) and their readers:
Buh-Bye, and good riddance, Resuming public happy dance.
All told, as of yesterday, there have been 153 banksters who have resigned, or announced their intention to resign, from their positions of power and thievery. Seventeen of the charmers took a powder just yesterday. Kind of makes one wonder whether the poo is about to hit the air circulation device.
Here's the list, shamelessly heisted from, and with thanks to, American Kabuki (http://americankabuki.blogspot.com) and KP (kauilapele.wordpress.com) and their readers:
- 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP
http://goo.gl/NdW7q - 09/20/11 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND) There could be no Scottish representative on the board of Lloyds Banking Group, owner of Bank of Scotland, in future after it announced the departure of Lord Sandy Leitch, the chairman of Scottish Widows and group deputy chairman.
http://goo.gl/Dx8qs - 9/25/11 (SWITZERLAND) UBS CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
http://goo.gl/WCeqB - 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
http://goo.gl/7dNiD - 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
http://goo.gl/fdd9v - 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
http://goo.gl/yWX9R - 11/01/11 (INDIA) More directors of the Beed district bank resign
http://goo.gl/HD8BQ - 11/02/11 (UK) Lloyds Banking Group chief executive, António Horta-Osório, is to take leave of absence on health grounds for six to eight weeks, the BBC has reported. (STILL OUT AS OF 2/24/12 - DEFACTO RESIGNATION)
http://goo.gl/3L9gE - 11/4/11 (USA) MF Global, Jon Corzine, stepped down as chairman and CEO, hired criminal attorney to represent him.
http://goo.gl/tUaVY - 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://goo.gl/OiDiq - 11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank
http://goo.gl/XncOc - 12/15/11 (UK) Senior private banker James Fleming resigns from Coutts [private bank]
http://goo.gl/ANN5B - 12/23/11 (USA VA) Bank feud: Chairman Mark Giles quits VNB
http://goo.gl/dFDpH - 12/23/11 (USA VA) Bank feud: Board Member Claire Gargalli quits VNB
http://goo.gl/kowkW - 12/23/11 (USA VA) Bank feud: Board Member Leslie Disharoon quits VNB
http://goo.gl/kstLp - 12/23/11 (USA VA) Bank feud: Board Member Neal Kassell quits VNB
http://goo.gl/NrrPZ - 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
http://goo.gl/b6AoA - 1/01/12 (ISRAEL) Israel’s Bank Leumi CEO Galia Maor steps down after 16 years
http://goo.gl/xwlFt - 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
http://goo.gl/joExI - 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
http://goo.gl/SKE7j - 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
http://goo.gl/bzZtQ - 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
http://goo.gl/zvo1L - 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
http://goo.gl/5qsUu - 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief Francisco Luzon quits
http://goo.gl/jEY7Y - 1/30/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
http://goo.gl/sdY1p - 1/20/12 (JAPAN) Normura’s head of wholesale banking Jasjit Bhattai quits
http://goo.gl/6FuWe - 1/21/12 (Greece) Institute of International Finance negotiator Charles Dallara quits
http://goo.gl/NbPlt - 1/21/12 (Greece) Institute of International Finance negotiator Jean Lemierre quits
http://goo.gl/E3AkE - 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
http://goo.gl/BwUgv - 1/30/12 (UK) British Private Equity and Venture Capital Association (BVCA) COO Andrew Graham steps down
http://goo.gl/4SDW8 - 1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO Fred Goodwin Stripped of Knighthood
http://goo.gl/CoLVS - 2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy CEO Louis von Zeuner resigns
http://goo.gl/IP8nH - 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits
http://goo.gl/OqRVo - 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
http://goo.gl/vjO5M - 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
http://goo.gl/bb5sh - 2/05/12 (USA – NY) Morgan’s investment banking chairman Joseph Perella quit
http://goo.gl/pG2jF - 2/05/12 (USA – NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
http://goo.gl/bRv9K - 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
http://goo.gl/OhCEb - 2/7/12 (USA) Bank Of America’s Mortgage Business Chief Barbara Desoer Retires
http://goo.gl/i7AUY - 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
http://goo.gl/fP03J - 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)
http://goo.gl/PiQSy - 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal (names not known)
http://goo.gl/tW8Sj - 2/9/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
http://goo.gl/8BuXy - 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
http://goo.gl/DBKdc - 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
http://goo.gl/wMl5g - 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
http://goo.gl/GFvIy - 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
http://goo.gl/iQ0n8 - 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
http://goo.gl/uHp6C - 2/14/12 (PAKISTAN) National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned
http://goo.gl/scexo - 2/15/12 (WORLD) World Bank CEO Zoellick resigns
http://goo.gl/dHDSm
Did the White House tell the World Bank president that he’s out?
http://goo.gl/wUOgb - 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
http://goo.gl/SNsVI - 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
http://goo.gl/TyYiJ - 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
http://goo.gl/yT6rS - 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
http://goo.gl/c7PtU - 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
http://goo.gl/CtmOU - 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
http://goo.gl/I7Alo - 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
http://goo.gl/WczHh - 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
http://goo.gl/I7Alo - 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
http://goo.gl/I7Alo - 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://goo.gl/4r16D - 2/17/12 (USA) Goldman Sachs CEO Lloyd Blankfein out as by summer
http://goo.gl/UjpzD - 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns
http://goo.gl/1n1Nr - 2/18/12 (PAKISTAN) The Bank of Azad Jammu & Kashmir executive Zulfiqar Abbasi resigns http://goo.gl/G0woP
- 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
http://goo.gl/Unuez - 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://goo.gl/F5twL - 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
http://goo.gl/aA0RW - 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
http://goo.gl/6Dj0i - 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
http://goo.gl/DuMrm - 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB - 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB - 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB - 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB - 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
conflict of interest with director seat on Eastland Insurance Company Limited
http://goo.gl/aEmwB - 2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over duties from Brian Mccappin, who the bank said in December would resign after the unit was banned for two weeks from trading tied to the London and Tokyo interbank offered rates.
http://goo.gl/Z1rnw - 2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits
http://goo.gl/ppKno - 2/22/12 (USA) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
http://goo.gl/x4Zsr - 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
http://goo.gl/DTL5S - 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.
http://goo.gl/KoEUI - 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
http://goo.gl/5eUqU - 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
http://goo.gl/JIC9A - 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
http://goo.gl/6UJau - 2/24/12 (USA) Evercore Partners Head Eduardo Mestre steps down
http://goo.gl/n5RLY - 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
http://goo.gl/nMTLW - 2/27/12 (GERMANY) Deutsche Bank Americas chief Seth Waugh steps down
http://goo.gl/8lxSw - 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
http://goo.gl/yKjzL - 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
http://goo.gl/IJ5Lw - 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
http://goo.gl/eVCS5 - 2/27/12 (INDIA) Kotak Mahindra Bank Ms Falguni Nayar Quits
http://goo.gl/pTbII - 2/27/12 (GERMANY) Equiduct chairman Artur Fischersteps down
http://goo.gl/Q0dWR - 2/27/12 (BAHRAIN) – Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
http://goo.gl/hhHSm - 2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns – Flees to Canada!
http://goo.gl/DDEUk - 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
http://goo.gl/ZD0mc - 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
http://goo.gl/dsXcE - 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
http://goo.gl/Uo800 - 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
http://goo.gl/26MYq - 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
http://goo.gl/NDJze - 2/28/12 (HONG KONG) Bank of America’s Asia-Pac. mrkts Brian Canniffe quits
http://goo.gl/cRkCP - 2/28/12 (BELGIUM) KBC’s CEO Jan Vanhevel is to retire after a career spanning 41 years.
http://goo.gl/1rCWd - 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
http://goo.gl/HIYXv - 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
http://goo.gl/ggPvq - 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
http://goo.gl/YxvNA - 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
http://goo.gl/F0UgN - 2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate
http://goo.gl/7aLRU - 2/28/12 (UK) Bank of England Sir David Lees re-appointed Chair of Bank of England and gives notice of resignation at end of 2013
http://goo.gl/LkJhV - 2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walsh resigns http://goo.gl/n6uoM
- 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
http://goo.gl/Jh9jd - 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down
http://goo.gl/014or - 2/29/12 (GUYANA) National Investment and Commercial Investments Ltd. (NICIL), Executive Director Winston Brassington resigns, “We feel that (Winston) Brassington knows everything…A to Z about all the transactions,” said Chairman of the Alliance for Change (AFC), Khemraj Ramjattan, as he sounded a warning that controversial figure could be subpoenaed to appear before the Parliamentary Economic Sector Committee.
http:// goo.gl/L7I35 - 3/1/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits
http://goo.gl/wACrI - 3/1/12 (ITALY) Italian Banking Association Chairman Giuseppe Mussari talks to reporters in Rome after he and seven other executives offered to resign in protest over new banking-fee rules included in the government’s legislation on boosting competition.
http://goo.gl/3llyT - 3/1/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits
http://goo.gl/nA8g9 - 3/1/12 (USA) PineBridge Investments said Win Neuger has resigned as chief executive. Neuger helped build AIG’s third party asset management business, PineBridge still manages AIG assets http://goo.gl/SI7kT
- 3/1/12 (SINGAPORE) UBS Singapore – James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going.
http://goo.gl/BGugF - 3/1/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires
http://goo.gl/uEqDV - 3/1/12 (ICELAND) Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar Andersen
http://goo.gl/VG9q5 - 3/2/12 (CHINA) China Construction Bank Corp, the assistant general manager and head of corporate banking Mickey Mehta quits
http://goo.gl/B9dR0 - 3/2/12 (USA) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.
http://goo.gl/8kZuc - 3/2/12 (UK) Bank of England Sir Mervin King resigns in June, Lord Sassoon tipped as replacement.
http://goo.gl/ZEUwf - 3/2/12 (BOTSWANA) Barclays Bank Botswana managing director Wilfred Mpai forced to resign
http://goo.gl/npBe2 - 3/2/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns
http://goo.gl/wFSV8 - 3/2/12 (USA) Citigroup Richard Parsons to step down as chairman
http://goo.gl/BhZ0F - 3/3/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended
http://goo.gl/w99tD - 3/3/12 (ETHIOPIA) Dashen Bank’s board dismisses president Leulseged Teferi
http://goo.gl/Y801M - 3/3/12 (RUSSIA) Enza Capital KK, Wealthy British banker Philip Townsend (Baron Townsend of Rathmore) and his wife
killed at Estonia holiday home
http://goo.gl/GSOUN and http://goo.gl/x94ID and http://goo.gl/gGgLP - 3/4/12 (KOREA) Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns
http://goo.gl/fmNxY - 3/4/12 (USA) JP Morgan prop trading chief Mike Stewart quits
http://goo.gl/gubPj - 3/5/12 ( SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned
http://goo.gl/pNx0l - 3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down
http://goo.gl/RPqOp - 3/5/12 (UK) Jupiter fund co-manager John Hamilton steps down
http://goo.gl/RPqOp - 3/5/12 (NEW ZEALAND) Insured Group Bill Jeffries has resigned as chairman and director
http://goo.gl/gX7wu - 3/5/12 (USA) Reliance Bancshares chairman Patrick Gideon resigned
http://goo.gl/u6BT4 - 3/6/12 (FRANCE) Blackstone Group’s Paris office leader Jean-Michel Steg will step down
http://goo.gl/w3Ca5 - 3/6/12 (JAMAICA) Jamaica Money Market Brokers Limited, Patricia Sutherland has resigned as Executive Director
http://goo.gl/oMwv6 - 3/6/12 (JAMAICA) Jamaica’s Financial Services Commission (FSC), Executive director Rohan Barnett, has resigned the position, the Ministry of Finance, Planning and the Public Service announced this afternoon.
http://goo.gl/FBwFo - 3/6/12 (USA) USA Technologies Inc Bradley M. Tirpak, a nominee of Shareholder Advocates for Value Enhancement, has resigned from its board subsequent to a settlement agreement with the investing group, according to an SEC filing.
http://goo.gl/8oi7C - 3/6/12 (UK) Sterling Green Group has announced that Philip Kanas, a non-executive director, has decided to resign
Sterling Green Group PLC became a cash shell following the disposal of their subsidiaries Taxdebts Ltd, Sterling Green (Mortgages) Ltd and the back books of the clients of Sterling Green Ltd. during December 2011.
http://goo.gl/qc3jB - 3/7/12 (GERMANY) Deutsche Bank AG’s (DB) Chief Risk Officer Hugo Baenzigeri to resign
http://goo.gl/MWqsH - 3/7/12 (GERMANY) Deutsche Bank AG’s (DB) Chief Operating Officer Hermann-Josef Lamberti to resign
http://goo.gl/MWqsH - 3/7/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver will step down as CEO
http://goo.gl/rfhWN - 3/7/12 (SCOTLAND) Macfarlane Group Chairman Archie Hunter to step down after 8 years of service
http://goo.gl/RHllr - 3/7/12 (USA) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities.
http://goo.gl/CpEzZ - 3/7/12 (UK) Goldman Sachs (GSI) Christopher French resigns from board
http://goo.gl/3yQDS - 3/7/12 (UK) Goldman Sachs (GSI) David Wildermuth resigns from board
http://goo.gl/3yQDS - 3/7/12 (UK) Goldman Sachs (GSI) Matthew Westerman resigns from board
http://goo.gl/3yQDS - 3/7/12 (UK) Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel Zaoui resigns
http://goo.gl/3yQDS - 3/7/12 (UK) Goldman Sachs (GSI) Phil Beatty resigned as head of European power and natural-gas trading
http://goo.gl/jqbYY - 3/7/12 (SINGAPORE) Nikko Asset Management Timothy McCarthy is retiring as chairman and CEO at the end of the month
http://goo.gl/v8tcT - 3/7/12 (HONG KONG) UBS Senior Asia Economist Jonathan Anderson Departs
http://goo.gl/09VqT - 3/7/12 (HAITI) FORMER DIRECTOR HAITI CENTRAL BANK SLAIN!
http://goo.gl/UtVz3 - 3/7/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking http://goo.gl/XhgJ9
- 3/7/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator
http://goo.gl/eZJMb - 3/7/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns
http://goo.gl/ub0ke - 3/7/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune
http://goo.gl/Zv6Ny
Buh-Bye, and good riddance, Resuming public happy dance.
Monday, March 5, 2012
Another Chicken, Another Roost
Looks as if some more poultry has swooped in to a new domicile. Internet sources are reporting that our illustrious Treasury Secretary, Timothy Geithner, was arrested, questioned and released last week due to his involvement with the AIG and Goldman Sachs transactions in the financial bailouts. Makes one wonder on whom he dropped the dime to get his walking papers so quickly--I'm guessing we'll be hearing soon how far up the food chain Mr. Geithner placed the blame. Update: The video, which I originally imbedded believing it to have been recent, turns out to be taped long ago. Interesting nonetheless, and the internet sources cite Pentagon officials for the report of last week's arrest.
Looks like perhaps the first wheel has just come off the corrupt bus that is our Federal government. May I be the first to publicly do the happy dance.
Looks like perhaps the first wheel has just come off the corrupt bus that is our Federal government. May I be the first to publicly do the happy dance.
Wednesday, February 22, 2012
The Smelly Substance and the Fan
Those of you who have been reading me for a while remember that for some time now, I've written that I believed things were about to change. For example, way back in October, I posted an item titled Congratulations...It's a Planet. In that post, I said that I believed a logjam had been broken and regular people were beginning to awaken to the phony nonsense we are fed, and so we were on the way to a world that's more peaceful, honest, and transparent and less warlike, corrupt, and secretive.
I'm sometimes the first to congratulate myself when I'm right, in fact quite often the only one to do so, so here we go. Over the past week, it seems, some of the proverbial chickens are coming home to roost. You probably wouldn't know it to see the mainstream news, as the coverage is just about nil, but here's one of those little chickies.
On February 16, a gentleman named Lord James of Blackheath, a member of the British House of Lords, gave a floor speech requesting an investigation into criminal dealings involving the Federal Reserve Bank of New York, the IMF, the mega-bank HSBC, and the Royal Bank of Scotland. Lord James says he has original documents proving the allegations he's made on the floor of Parliament. He claims that signers of these documents include then- Fed Chairman Alan Greenspan, and, representing the IMF, none other than then-FedNY President and our current Treasury Secretary, Timothy Geithner.
Lord James says these documents show one of three things:
First, there may have been a massive piece of money-laundering committed by a major Government who should know better. Effectively, it undermined the integrity of a British bank, the Royal Bank of Scotland, in doing so. The second possibility is that a major American department has an agency which has gone rogue on it because it has been wound up and has created a structure out of which it is seeking to get at least €50 billion as a pay-off. The third possibility is that this is an extraordinarily elaborate fraud, which has not been carried out, but which has been prepared to provide a threat to one Government or more if they do not make a pay-off.
None of these three things are legal, or particularly nice. Here's the scenario he's uncovered, as I understand it.
In 2006, the Federal Reserve Bank of New York entered into agreements with a man named Johannes Riyadi, a member of a royal family of Brunei and a man who many say is the richest man in the world. The gist of the agreements was that the FedNY was to pay Mr. Riyadi $500 million to buy back US Treasury Bonds Mr. Riyadi had bought over the years for the purpose of "supporting the dollar." According to Lord James, these bonds had the face amount of $15 TRILLION! Apparently, the government contended that the bonds were invalid, as Lord James referred to them as "worthless." Mr. Riyadi clearly disagreed.
And as Lord James put it, "Mr Riyadi, by passing these bonds over, has also put at the disposal of the US Treasury the entire asset backing which he was alleged to have for the $15 trillion." The asset backing was supposed to be 750,000 tons of gold--worth just about $15 Trillion at 2006 prices.
Tracing the money, Lord James claims to have found that, a couple of years later, in April and May, 2009, the FedNY took this money (the Riyadi account), which it wasn't authorized to have in the first place, and transferred it to JPMorgan/Chase in New York. JPMorgan/Chase further transferred it to HSBC in London. And HSBC then further transferred it to the Royal Bank of Scotland. Lord James says he has obtained the banks' receipts for each of these transfers. So $15 trillion actually passed from the FedNY to JPMorgan Chase to HSBC to Royal Bank of Scotland, and was acknowledged as received by each bank
Lord James seems to feel that the smoking gun then comes in the form of the partial audit of the Fed that was released last summer. You may recall that the audit showed that the Fed had made $16.115 TRILLION in no-interest, off the books loans to a whole raft of their cronies in the banks--you know, the ones who were too big to fail. Despite the disclosure that the Fed loaned out more than the entire national debt, without authorization of Congress, not a single person has been charged with wrongdoing. And there's never been any explanation of exactly where that money came from--until now.
Yeah, yeah, you say. More shady deals. So what? Well, according to the people who know this stuff, only 1,507 tons of gold is supposed to have ever been mined, in the history of the world! And Lord James claims to have a letter from Mr. Riyadi in which he states that the whole deal was a fake, and he was put up to it by the Americans. He claims the whole "transaction" was a cover. For what you ask? Well, read on.
If Lord James has the documents he claims to have, that he holds up in the video of his floor speech, there's only two ways this can go, and both of them mean that a financial tsunami--a good one-- is on the way.
One. Greenspan and Geithner signed onto an unauthorized and under the table deal relating to $15 trillion in gold they knew not to exist and then somehow, miraculously came up with $15 trillion to lend, interest free, to their buddies in the big banks. And that money didn't come from the gold, which didn't exist. So it had to come from somewhere else...
Now where do I know that name, HSBC, from? Oh yeah! They're the ones who just paid enormous fines for getting caught laundering money for drug cartels and terrorists! Yeah, that's them--the ones who just hired Stuart Levey, former Treasury Undersecretary for Terrorism and Financial Intelligence (read, Geithner underling), as their new "expert in money laundering." See my post, An Inadvertent Truth. You remember-- they hired the law enforcement official who was supposed to have kept them from laundering money in the first place, and didn't, to come in house and repeat the performance. See my post, Beyond the Peter Principle. Where, oh where, could that $15 trillion have come from?
OR
Two. Greenspan and Geithner signed onto an unauthorized, under the table deal knowing that its backing was almost 500 times more gold than is alleged to exist in the world. A pretty good deal, unless there actually was 500 times more gold than was thought to exist, because then gold would not be nearly so rare as it was thought and wouldn't be worth nearly as much as it appeared, and every gold trade done since that deal would be a massive financial fraud based on the untrue information that gold is a very rare and valuable commodity.
This is a fairly big chicken, wouldn't you agree? So, I wonder why it's not all over the news?
Perhaps Messrs. Geithner and Greenspan would like adjoining cells.
Video of Lord James' speech is here.
And the official parliamentary transcript is here. Scroll down to Column 1016.
I'm sometimes the first to congratulate myself when I'm right, in fact quite often the only one to do so, so here we go. Over the past week, it seems, some of the proverbial chickens are coming home to roost. You probably wouldn't know it to see the mainstream news, as the coverage is just about nil, but here's one of those little chickies.
On February 16, a gentleman named Lord James of Blackheath, a member of the British House of Lords, gave a floor speech requesting an investigation into criminal dealings involving the Federal Reserve Bank of New York, the IMF, the mega-bank HSBC, and the Royal Bank of Scotland. Lord James says he has original documents proving the allegations he's made on the floor of Parliament. He claims that signers of these documents include then- Fed Chairman Alan Greenspan, and, representing the IMF, none other than then-FedNY President and our current Treasury Secretary, Timothy Geithner.
Lord James says these documents show one of three things:
First, there may have been a massive piece of money-laundering committed by a major Government who should know better. Effectively, it undermined the integrity of a British bank, the Royal Bank of Scotland, in doing so. The second possibility is that a major American department has an agency which has gone rogue on it because it has been wound up and has created a structure out of which it is seeking to get at least €50 billion as a pay-off. The third possibility is that this is an extraordinarily elaborate fraud, which has not been carried out, but which has been prepared to provide a threat to one Government or more if they do not make a pay-off.
None of these three things are legal, or particularly nice. Here's the scenario he's uncovered, as I understand it.
In 2006, the Federal Reserve Bank of New York entered into agreements with a man named Johannes Riyadi, a member of a royal family of Brunei and a man who many say is the richest man in the world. The gist of the agreements was that the FedNY was to pay Mr. Riyadi $500 million to buy back US Treasury Bonds Mr. Riyadi had bought over the years for the purpose of "supporting the dollar." According to Lord James, these bonds had the face amount of $15 TRILLION! Apparently, the government contended that the bonds were invalid, as Lord James referred to them as "worthless." Mr. Riyadi clearly disagreed.
And as Lord James put it, "Mr Riyadi, by passing these bonds over, has also put at the disposal of the US Treasury the entire asset backing which he was alleged to have for the $15 trillion." The asset backing was supposed to be 750,000 tons of gold--worth just about $15 Trillion at 2006 prices.
Tracing the money, Lord James claims to have found that, a couple of years later, in April and May, 2009, the FedNY took this money (the Riyadi account), which it wasn't authorized to have in the first place, and transferred it to JPMorgan/Chase in New York. JPMorgan/Chase further transferred it to HSBC in London. And HSBC then further transferred it to the Royal Bank of Scotland. Lord James says he has obtained the banks' receipts for each of these transfers. So $15 trillion actually passed from the FedNY to JPMorgan Chase to HSBC to Royal Bank of Scotland, and was acknowledged as received by each bank
Lord James seems to feel that the smoking gun then comes in the form of the partial audit of the Fed that was released last summer. You may recall that the audit showed that the Fed had made $16.115 TRILLION in no-interest, off the books loans to a whole raft of their cronies in the banks--you know, the ones who were too big to fail. Despite the disclosure that the Fed loaned out more than the entire national debt, without authorization of Congress, not a single person has been charged with wrongdoing. And there's never been any explanation of exactly where that money came from--until now.
Yeah, yeah, you say. More shady deals. So what? Well, according to the people who know this stuff, only 1,507 tons of gold is supposed to have ever been mined, in the history of the world! And Lord James claims to have a letter from Mr. Riyadi in which he states that the whole deal was a fake, and he was put up to it by the Americans. He claims the whole "transaction" was a cover. For what you ask? Well, read on.
If Lord James has the documents he claims to have, that he holds up in the video of his floor speech, there's only two ways this can go, and both of them mean that a financial tsunami--a good one-- is on the way.
One. Greenspan and Geithner signed onto an unauthorized and under the table deal relating to $15 trillion in gold they knew not to exist and then somehow, miraculously came up with $15 trillion to lend, interest free, to their buddies in the big banks. And that money didn't come from the gold, which didn't exist. So it had to come from somewhere else...
Now where do I know that name, HSBC, from? Oh yeah! They're the ones who just paid enormous fines for getting caught laundering money for drug cartels and terrorists! Yeah, that's them--the ones who just hired Stuart Levey, former Treasury Undersecretary for Terrorism and Financial Intelligence (read, Geithner underling), as their new "expert in money laundering." See my post, An Inadvertent Truth. You remember-- they hired the law enforcement official who was supposed to have kept them from laundering money in the first place, and didn't, to come in house and repeat the performance. See my post, Beyond the Peter Principle. Where, oh where, could that $15 trillion have come from?
OR
Two. Greenspan and Geithner signed onto an unauthorized, under the table deal knowing that its backing was almost 500 times more gold than is alleged to exist in the world. A pretty good deal, unless there actually was 500 times more gold than was thought to exist, because then gold would not be nearly so rare as it was thought and wouldn't be worth nearly as much as it appeared, and every gold trade done since that deal would be a massive financial fraud based on the untrue information that gold is a very rare and valuable commodity.
This is a fairly big chicken, wouldn't you agree? So, I wonder why it's not all over the news?
Perhaps Messrs. Geithner and Greenspan would like adjoining cells.
Video of Lord James' speech is here.
And the official parliamentary transcript is here. Scroll down to Column 1016.
Wednesday, February 8, 2012
Beyond the Peter Prinicple
I believe my post of a few days ago (An Inadvertent Truth) about the vast money laundering operation of British bank, HSBC, made clear that I don't really buy the idea that money laundering by the big banks is an 'accidental' occurrence. In research for a different post, coming soon, I happened upon a 2010 video of none other than Stuart Levey, the new sheriff in HSBC-town. You know--the guy HSBC hired last month as its "expert in money laundering."
In this video from the Charlie Rose Show in October 2010, Mr. Levey, who has recently found himself and undoubtedly lucrative position as Chief Legal Office of HSBC, talked in his role as Treasury Undersecretary for Terrorism and Financial Intelligence. He's held that job since 2004, when he was appointed by President GW Bush. In the interview, he talks at length, describing his job as financially impeding "threats" to the US like drug organizations, terrorist organizations, and "rogue regimes" by keeping private businesses from doing business with them.
In other words, Mr. Levey was the guy who was, from 2004 until a month ago, in charge of seeing to it that banks like HSBC didn't do exactly what it has now been found to have done. Interestingly, having totally failed in his job with the Treasury to stop HSBC from laundering money, he's now been hired by HSBC to bring that expertise in-house.
May I be the first to congratulate Mr. Levey on parlaying utter incompetence into a nice, fat new job! And kudos to HSBC for showing the world just how serious they are about stopping that pesky, illegal, yet outrageously profitable practice of money laundering.
In this video from the Charlie Rose Show in October 2010, Mr. Levey, who has recently found himself and undoubtedly lucrative position as Chief Legal Office of HSBC, talked in his role as Treasury Undersecretary for Terrorism and Financial Intelligence. He's held that job since 2004, when he was appointed by President GW Bush. In the interview, he talks at length, describing his job as financially impeding "threats" to the US like drug organizations, terrorist organizations, and "rogue regimes" by keeping private businesses from doing business with them.
In other words, Mr. Levey was the guy who was, from 2004 until a month ago, in charge of seeing to it that banks like HSBC didn't do exactly what it has now been found to have done. Interestingly, having totally failed in his job with the Treasury to stop HSBC from laundering money, he's now been hired by HSBC to bring that expertise in-house.
May I be the first to congratulate Mr. Levey on parlaying utter incompetence into a nice, fat new job! And kudos to HSBC for showing the world just how serious they are about stopping that pesky, illegal, yet outrageously profitable practice of money laundering.
Friday, February 3, 2012
Inadvertent Truth
Here is a link to a Reuters story from last week about the Senate Permanent Subcommittee on Investigations conducting a probe of alleged money laundering by Banking mega-giant HSBC.
According to the article, the investigation into HSBC, "is the latest in a series of investigations by U.S. officials into how global banks have processed -- and in some cases, intentionally hidden -- financial transactions on behalf of countries which allegedly support terrorism, corrupt foreign officials, drug gangs and criminals." Well, good. Right?
Sort of. Good that someone's looking into it, but here's the rub. Also from the article, "Since 2008, European and U.S. banks have signed deferred prosecution agreements and paid more than $1.2 billion in penalties for alleged violations of anti-money laundering regulations." HMMM. Deferred prosecution agreements? Those are where the prosecutors say, "Bad, bad, bank. Shame! Now, if you don't get in trouble for the same thing in the next year (or other time period), then we won't prosecute anyone." Seems more in keeping with 'dog barking' complaints than with global financial fraud. Think I'm being too hyperbolic? Look at the fines---$1.2 BILLION! BILLION with a B. How much do you suppose these banks have made off laundering mony to fund terrorism, government corruption, drug gangs and criminals? Well, apparently not enough for a single person to go to jail, in spite of over a billion dollars in fines.
So, here's where the truth sort of slips out--because HSBC is SO SORRY, it has hired a new sheriff to run off them 'pesky redskins.' And here's how Reuters characterizes it. "Earlier this month, HSBC named former top U.S. Treasury Department official Stuart Levey as chief legal officer in a sign of how the bank is hiring outside experts in money laundering. " (Italics mine)
They probably meant to say something like, "experts in combatting money laundering." But what they actually said is probably more accurate. Something about foxes and henhouses leaps to mind.
According to the article, the investigation into HSBC, "is the latest in a series of investigations by U.S. officials into how global banks have processed -- and in some cases, intentionally hidden -- financial transactions on behalf of countries which allegedly support terrorism, corrupt foreign officials, drug gangs and criminals." Well, good. Right?
Sort of. Good that someone's looking into it, but here's the rub. Also from the article, "Since 2008, European and U.S. banks have signed deferred prosecution agreements and paid more than $1.2 billion in penalties for alleged violations of anti-money laundering regulations." HMMM. Deferred prosecution agreements? Those are where the prosecutors say, "Bad, bad, bank. Shame! Now, if you don't get in trouble for the same thing in the next year (or other time period), then we won't prosecute anyone." Seems more in keeping with 'dog barking' complaints than with global financial fraud. Think I'm being too hyperbolic? Look at the fines---$1.2 BILLION! BILLION with a B. How much do you suppose these banks have made off laundering mony to fund terrorism, government corruption, drug gangs and criminals? Well, apparently not enough for a single person to go to jail, in spite of over a billion dollars in fines.
So, here's where the truth sort of slips out--because HSBC is SO SORRY, it has hired a new sheriff to run off them 'pesky redskins.' And here's how Reuters characterizes it. "Earlier this month, HSBC named former top U.S. Treasury Department official Stuart Levey as chief legal officer in a sign of how the bank is hiring outside experts in money laundering. " (Italics mine)
They probably meant to say something like, "experts in combatting money laundering." But what they actually said is probably more accurate. Something about foxes and henhouses leaps to mind.
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