This is us folks. The US government, i.e. taxpayers, guarantees the NY Federal Reserve loan of $29,000,000,000 to JPMorgan/Bear Stearns. Call and write your congressional representatives if you disagree. Otherwise, you need not do anything. Click to read the letter → treasuryletter0308.pdf
United States Treasury promises to pay the Fed for Bear Stearns losses
April 2, 2008 · 1 Comment
Categories: Bear Stearns · Ben Bernanke · Bernanke · Fed · JP Morgan · Treasury guarantee · Treasury letter · bailout · corporate welfare · economic elite · federal reserve · fiscal burden · investment bankers · investment banking · nationalization · socialized banking · socializing losses
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M. Albright // April 4, 2008 at 12:36 am
SCAM: Bear Stearns, -Timothy Geithner and
the Blackstone-BCCI set up
bear stearns, blackstone, blackrock, fed, new york, citibank, Timothy Geithner
Summary
The Blackstone Group, a major private equity firm tied to foreign policy influence lobbying groups such as Kissinger Associates, Scowcroft Advisors, and the Madeline Albright Group, had an affiliated spinoff company, BlackRock, a Caymans Island foreign bank associate, evaluate the “fairness” to shareholders of the JP Morgan Acquisition of Bear Stearns. The deal involved a bailout of Bear Stearns creditors directly, and indirectly through cash infusions via the Fed’s open window of lending, including lending billions to Citibank in exchange for mortgage collateral. The lead negotiator of the deal, the President of the NY Fed, Geithner, is a former employee of Kissinger Associates, a Saudi-China lobbying firm, and was appointed to the Fed by Peter Peterson of Blackstone. He also worked for Secretary Rubin at the Clinton Treasury Department. Secretary Rubin is now an executive with Citibank a major beneficiary of the bailout. Citibank has major Saudi shareholders, and as such is not an American bank, per se. Citibank has been investigat4ed for illegal terrorist money laundering activities in the Middle East, and Geithner was an employee at Kissinger Associates when it was engaged in discussions of mergers with BCCI, which was later indicted for drug money laundering.
http://ecothearcy.wordpress.com/2008/04/03/scam-bear-stearns-timothy-geithner-and/
bear stearns, blackstone, blackrock, fed, new york, citibank, Timothy Geithner
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