'PAULSON' SCHEME TEARS UP THE U.S. CONSTITUTION, LEGITIMISING FINANCIAL FRAUD
IT'S AS THOUGH THE ORGANIZED CRIME CONTROL ACT OF 1970 DOESN'T EXIST
A U.S. 'COUP D'ETAT BY INSTALLMENTS', LIKE GERMANY IN 1933
London, 22nd September 2008:
ANOTHER FRAUDULENT PROSPECTUS FROM THE KING OF OFFICIAL FRAUDULENT FINANCE:
The following summary analysis of the so-called 'unprecedented rescue plan'
inveiled by the US Government to mindless global applause on Sunday 21st
September 2008, represents a fraudulent prospectus that exploits and perpetuates
the very skulduggery that is responsible for the crisis.
The skulduggery in question revolves around the fact that when bank loans are
securitised and sold on to buyers, usually foreigners who haven't done adequate
due diligence, the sale qualifies as a sale of assets. The seller (the bank)
retains NO RISK OF LOSS from the transfer of these assets and has NO OBLIGATION
TO THE BUYER if:
• The borrowers of the original loans default on
their payments; or:
• Changes in market values of the on-sold
securities take place.
In other words, the risk is transferred from the bank to the owner of the
securities, and if the borrower defaults, it's not the bank's problem, it's the
problem of the owner of the securities.
SEE OUR ARTICLE DATED 26 DECEMBER 2007 ON THE FRAUD UNDERLYING FORECLOSURES:
There is no difference, in principle, between this mechanism and the fraud model
employed to ransack the mortgage sector. In that context, the bank sold the
mortgage either directly or else repackaged as a securitised pool of assets, to
the Government-Sponsored Enterprise (GSE) of choice (Freddie Mac or Fannie Mae),
and walked away clear having alienated the contract and leaving the so-called
'owner' of the mortgage without a valid contract (1).
At foreclosure, those mortgage-holders who have had the presence of mind to
notify the Court beforehand that they have requested the original contract from
the bank and have been unable to obtain it in time for the hearing (because the
bank has sold the contract on to the corrupt GSE in question), have been 'heard'
by the Court and have usually been told that they can hold onto their property
and that the foreclosure is null and void. For further details, please refer to
our report dated 26th December 2007 entitled: 'The 'subprime' 'slide' that masks
fraudulent finance' [Archive].
THE LATEST 'STICKING PLASTER' FRAUD FLOATED BY THE U.S. TREASURY:
As promulgated for public consumption, the latest of these proposals which the
cornered 'brains' in the Treasury and elsewhere have been coming up with on an
almost daily basis as they seek to establish which sticking plaster has the
strongest holding power, the latest 'rescue' proposal that the US Government is
trying to ram through the Congress would allow the Treasury to buy up 'toxic'
debts from recalcitrant financial institutions, including US branches of foreign
banks, to 'try to stem the worst financial crisis since the Great Depression'
according to The Daily Telegraph. Like the entire so-called 'mainstream' media,
this newspaper has STILL failed to grasp that this crisis arises NOT from a
failure of the system, but because of rampant fraudulent finance and the abject
(we would say co-conspiratorial) failure of the US Regulators to do their job.
None of the plasters have come up to 'scratch' so far because all seek to bypass
the on-the-books Settlements that the US Treasury Secretary and his accomplices
have been blocking in order to try to avoid incriminating themselves more than
they are already incriminated.
Since fraudulent finance is what these 'brains' specialise in, we should not be
surprised that the so-called 'rescue' plan exploits the fraud outlined above,
with the variation that the 'toxic' securitised assets that will be repackaged
for onward sale again, will be given some falsely determined value created out
of thin air and justified by an official US Government imprimatur.
The underlying asset will remain trash, but the US Government will say it isn't
trash.
INSTITUTIONS WILL WALK AWAY FROM THE SCENES OF THEIR CRIMES:
Meanwhile the institutions, which have been engaged in fraudulent finance
operations and are therefore no different from criminal enterprises, will get to
walk away from the scenes of their crimes with a peculiar sum of $700 billion,
which just happens to match the liabilities in a certain Virginia bank that
cannot be repackaged in this manner; and the money will wind up in the pockets
of the official and institutional perpetrators of this latest variation of the
fraud outlined above.
PROPOSED LEGISLATION AMOUNTS TO A DE FACTO COUP D'ETAT:
To make matters far worse, the legislation that is now being rammed down the
Congress's throat, will amount to a coup d'etat reminiscent of the 'coup d'etat
by installments' (1) perpetrated at the outset of Hitler's Third Reich in
Germany. This is because the proposed bill trashes what little remains of the US
Constitution by providing that one Branch of the American Government, the
Judicial Branch, will be precluded from oversight of what the US Treasury
Department, which is a component of the Executive Branch, will be 'permitted' to
do under this legislation.
• No single Branch of the US Government can
constitutionally combine with another Branch to nullify powers of the third
Branch, whether such arrangements are labelled 'temporary' or not.
Since this is precisely what is being proposed, the legislation that the
Congress is being hassled to pass, on the pretext of almost force majeure,
represents a coup d'etat in all but name. Legislators voting for this measure
will incriminate themselves, thereby joining all the US officials and
office-holders who are seeking to perpetrate this grotesque putsch against the
Constitution and who are themselves, as most legislators know full well, the
architects of the crisis that they are now using as a pretext for the assumption
of these near-dictatorial powers.
CONGRESS MUST SAY NO, OR IT DESTROYS ITSELF TOO:
Irrespective of the consequences, the Congress must say NO. This would be a safe
bet anyway, because this proposal won't 'fly' with either the US taxpayer or in
the international financial markets generally. The main reason for this is that
the furore surrounding the endless US blocking of the Settlements and the
consequent destabilisation of the entire global financial system and economy has
had the effect of causing scales to fall from the eyes of counterparties
worldwide.
This will explain why new counterparties are planned, including an operation in
Africa which, we are led to believe, will be headed by none other than the US
Treasury Secretary himself after he has left office. This man is the primary
apparatchik who is responsible for the financial crisis.
According to our sources, he will have at his disposal a considerable volume of
the $700 billion that the US Government is asking the Rest of the World to
provide, ostensibly to extract the US official perpetrators out of the grave
that they have been digging for themselves thanks to their ongoing determination
to perpetuate these fraudulent finance operations, rather than fulfilling their
oboligations to the American people and the Rest of the World to clean up their
act.
THE SOLUTION TO THEIR PROBLEM, SERIOUSLY, IS MICHAEL C. COTTRELL'S REFORM PLAN:
For the solution to their problems, after payment of the hijacked Settlements,
please see the simple Plan framed by the US securities expert Michael C.
Cottrell, B.A., M.S., which has been reposted for the third time on our website
(dated 18th September 2008).
ANALYSIS OF THE FRAUDULENT FINANCE LURKING INSIDE THIS LATEST FALSE PROSPECTUS:
We will now analyse the financial fraud that resides at the centre of the most
recent 'sticking plaster' proposals concocted by the US financial authorities,
in more detail.
As will be seen, far from healing the wound, it pours more venom into the
bloodstream, with the certainty that the entire limb will succumb to gangrene,
requiring later amputation at the thigh:
• SECURITISATION: In this context, it means the
conversion of BANK LOANS as well as other assets into marketable securities for
sale to investors (who may not do their due diligence):
FACTS:
(1) The securities offered for sale can be purchased by other depository
institutions or nonbank investors. The selling bank is not fussed who buys the
securities, as long as it gets rid of them.
(2) Securitisation can also mean financing through FLOATING RATE NOTES and
Eurocommercial paper, replacing bank loans as a means of borrowing. This is a
form of securitisation, too.
• WHAT SECURITISATION ACHIEVES for financial
institutions (the only parties they care about):
... By securitising bank loans and credit receivables, US financial institutions
are able to REMOVE bank assets from the balance sheet if certain conditions are
met, thereby BOOSTING capital ratios, whereupon the institution can extend fresh
loans from the proceeds of the securities that have been sold to investors (who
are indeed unlikely to have done their due diligence, not least in this context
because they will be bamboozled by the official US Government imprimatur).
• THE PROCESS: So what this gimmick does, is it
effectively MERGES THE CREDIT MARKETS (for example, the mortgage market, within
which lenders can extend NEW mortgages) with THE CAPITAL MARKETS, because:
• Bank receivables are repackaged as bonds
collateralised into pools of mortgages, auto loans, credit card receivables,
leases, and other types of credit obligations: AND:
• Since the banks look to investors as the
ultimate holders of the new obligations created via bank lending, financial
institutions as an industry have become more inclined to act more as SELLERS OF
ASSETS, rather than as PORTFOLIO LENDERS which traditionally keep all the loans
that they have originated in their own portfolio.
OR, PUT MORE BLUNTLY: Banks now operate more as marketing platforms than as
lenders.
• SECURITISATION also redefines the standard
banking sector definition of ASSET QUALITY, and loan underwriting standards,
because LENDERS are focused on LOAN QUALITY only insofar as it facilitates
MARKETABILITY IN THE CAPITAL MARKETS. It's all about MARKETING THE NEW SECURITY,
rather than the PROBABILITY OF REPAYMENT by the borrowers of the bank loans.
• NON-RECOURSE: THE SECRET OF PAULSON'S DECEPTION
AND FRAUD MODEL:
SO, IF A BORROWER DEFAULTS, the bank is off the hook because it sold the loan to
a third party and the bank has its money already. The injured party is the
holder of the security (the third party) who is left holding a worthless asset,
and is stuck with the problem of NON-RECOURSE. The third party cannot claim the
value back from the bank because the bank has washed its hands of the loan when
it sold the loan repackaged as an asset-backed security to the third party
buyer.
A subsidiary fraud buried in this deception is that since the securitised
'asset' consists of a pool of the aforementioned securities, the borrower's
default is glossed over and the third party doesn't get to know about it. But of
course:
• THIS MEANS THAT THE VALUE OF THE SECURITISED
ASSET IS BY DEFINITION UNQUANTIFIABLE...
• WHICH IS BLATANT, OUTRIGHT FRAUD...
• AND A GROSS BREACH OF SECURITIES REGULATIONS BY
THE ISSUING BANK...
• WHICH NONE OF THE ISSUING BANKS WANT YOU TO
KNOW ABOUT.
SO, THE U.S. TREASURY PROPOSES TO INSTITUTIONALISE THESE FRAUDULENT PRACTICES:
Therefore, what the US Treasury is proposing is to institutionalise this
fraudulent process and to 'legitimise' it by appending the imprimatur of the
Full Faith and Credit of the United States, as though the securitised assets in
question have suddenly acquired real value, which is UNTRUE.
By extension, this means that the US Treasury proposes to perpetrate the same
criminal financial fraud model that we have exposed, and to pass it off as
'legit' on the basis of its expectation that parties foolish enough to buy these
'assets' won't have done adequate due diligence.
SORRY, BUT THERE AREN'T ANY COUNTERPARTIES LEFT WITH SCALES ON THEIR EYES
This is not going to work because, as indicated above, there aren't any willing
counterparties around any more. US skulduggery has gone on far too long, and the
Governments that are being asked to cough up the $700 billion to finance the
pocket money that these people covet, are very unlikely to want to know.
Especially after the American Government's and Treasury's reputation for
honourable dealing has been wallowing in the gutter for the past several years,
as a consequence of its hijacking of the Settlements funds, the stealing of The
Queen's gold, and the misuse of her funds with Citibank to finance deals to make
quick bucks for insiders, contrary to the Rule of Law.
To elaborate a little further:
• FOR REGULATORY REPORTING PURPOSES, a loan that
is CONVERTED INTO A SECURITY and SOLD as an ASSET-BACKED SECURITY qualifies as a
SALE OF ASSETS.
• The seller (the institution) retains NO RISK OF
LOSS from the assets transferred, and has no outstanding OBLIGATION to the BUYER
OF THE ASSET-BACKED SECURITY if:
(1) The borrower defaults; or:
(2) Changes occur in the so-called market value of the asset-backed securities
sold on.
• IN OTHER WORDS, THE HOLDER OF THE ASSET-BACKED
SECURITY HAS NO RECOURSE.
• By contrast, asset transfers where the buyer
does have RECOURSE against the selling institution are treated as FINANCINGS, or
else as BORROWING SECURED BY ASSETS.
Source: Thomas Fitch, 'Dictionary of Banking Terms', Third Edition, Happauge:
Barron's Educational Series, Inc., 1997, s.v., 'Securitiszation'.
One other definition will assist comprehension of the fraudulent finance that
the US Treasury wants the US Congress to rubber-stamp:
• SYNTHETIC ASSET: A synthetic asset is a value
that is artificially created using other assets, such as securities, in
combination. Also known as a 'Structured Note'.
Source: John Downes and Jordan Elliot Goodman, 'Dictionary of Finance and
Investment Terms', Seventh Edition, Happauge: Barron's Educational Series, Inc.,
2006, s.v. 'Synthetic Asset'.
THE INTENDED FRAUD IS MULTIPLE FRAUD:
In summary, what is intended is a perpetuation of the following technical
securities frauds:
• It is securities fraud if the lender fails to
inform the borrower that the loan has been sold on.
• It is securities fraud if the lender fails to
inform the buyer of the repackaged so-called asset-backed security that the
borrower has defaulted, may well default, or that the cashflow from the borrower
may be unreliable. Since that is standard practice with these frauds, the buyer
of the asset-backed security pays a false price for a 'piece of paper' the value
of which, by definition, will remain unknown.
For the US Government to enter into such fraudulent finance operations as
Principal risks destroying what remains of the Full Faith and Credit of the
United States, within a matter of days or weeks. No-one who is not sitting on
their brains is going to buy this 'solution' to the financial crisis, not least
because the whole world is now aware that the US Government cannot be trusted
and that its behaviour over the Settlements has been criminal.
The only parties who are being bamboozled by this ramp are the stupid
'mainstream' talking heads.
PRECISE DEFINITIONS FOR REFERENCE:
The 'Dictionary of Banking Terms' by Thomas P Fitch [Third Edition, Happauge:
Barron's Educational Series, Inc.,] published in 1997, defines SECURITIZATION as
follows:
'SECURITIZATION': 'Conversion of bank loans and other assets into marketable
securities for sale to investors. Securities offered for sale can be purchased
by other depository institutions or nonbank investors. More broadly, corporate
financing through Floating Rate Notes and via Eurocommercial paper, replacing
bank loans as a means of borrowing, is a form of securitization.
By securitizing bank loans and credit receivables, US financial institutions are
able to remove bank assets from the balance sheet if certain conditions are met,
boosting their capital ratios, and make new loans from the proceeds of the
securities sold to investors. The process effectively merges the credit markets
(for example, the mortgage market in which lenders make new mortgages) and the
capital markets, because bank receivables are repackaged as bonds collateralized
by pools of mortgages, auto loans, credit card receivables, leases, and other
types of credit obligations.
As the banks look to investors as the ultimate holders of the obligations
created by bank lending, banks as an industry are inclined to act more as
sellers of assets, rather than portfolio lenders that keep all the loans they
originate in their own portfolio.
Securitization also redefines the banking definition of ASSET QUALITY, and of
loan underwriting standards, because lenders will be looking at loan quality
more in terms of their marketability in the capital markets than the probability
of repayment by the borrowers.
For regulatory reporting purposes, a loan that is converted into a security and
sold as an asset-backed security qualifies as a sale of assets. The seller
retains no risk of loss from the assets transferred, and has no obligation to
the buyer for borrower defaults or changes in the market value of securities
sold. Asset transfers where the buyer has RECOURSE against the selling
institution, are treated as financings or a borrowing secured by assets.
Securitization of bank assets is further complicated by Securities and Exchange
Commission [SEC] regulations, and accounting guidelines...' ENDS
... And the reason for THIS is that the securities market environment is far
stricter and inimical to financial fraud than the banking sector environment.
The abandoned Glass-Steagall Act legislation will have to be restored in a new,
updated format, as requested by Michael C. Cottrell, B.A., M.S., in his
proposals displayed at www.worldreports.org
dated 18th September 2008 [Archive].
The 'Dictionary of Finance and Investment Terms', by John A Downes, A.B., and
Jordan Elliot Goodman, A.B., M.A. [ 'Dictionary of Finance and Investment
Terms', Seventh Edition, Happauge: Barron's Educational Series, Inc.], published
in 2006, defines ASSET-BACKED SECURITIES thus:
'ASSET-BACKED SECURITIES': 'Bonds or notes that are backed by loan paper or
accounts receivable originated by banks, credit card companies, or other
providers of credit and often "enhanced" by a bank LETTER OF CREDIT or
by insurance coverage that is provided by an institution other than the issuer.
Typically, the originator of the loan or accounts receivable paper sells it into
a specially created trust [or subsidiary corporation: see below: Ed,] which
repackages it as securities with a minimum denomination of $1,000 and a term of
five years or less. The securities are then perhaps underwritten by brokerage
firms who reoffer them to the public. Examples are CERTIFICATES FOR AUTOMOBILE
RECEIVABLES (CARs) and so-called plastic bonds, backed by credit card
receivables.
Because the institution that originated the underlying loans or receivables is
neither the obligor nor the guarantor, investors should evaluate the quality of
the original paper, the worth of the guarantor or insurer, and the extent of the
protection'. ENDS
SELLING THE ASSET-BACKED SECURITIES ON: WHO TO?
The US and international financial markets are no more enamoured of this latest
attempt by the US Treasury to pull a rabbit out of a hat full of holes than
about any of the earlier 'rescue' operations, which all have one feature in
common: their primary functions are to serve the interests of a very small
clique of criminalist 'insiders' who have been engaged in ransacking the
financial markets for private gain, and to finance the operations of the 'State
within the State', namely the Intelligence Power, which, due to its power of
penetration, controls all dimensions of Government, starting with the White
House itself.
Basically, the latest Treasury proposal, which almost seems to be withering on
the vine before it gathers any traction, is all about the Treasury acquiring new
cash so that the new money can be siphoned off to 'insider' operations
controlled by the highest-level operatives.
MODELS FOR THIS NEW VERSION OF THE SAME OLD FRAUD:
The models for this unconscionable abuse of financial power by officials and
holders of high office relate to Delmarva Timber Trust, Meridian Investments,
Alpha Holdings and the primary slush-fund operation, Carlyle, which is similar
in concept and origin to the notorious AIG, which has been at the epicentre of
CIA fraudulent finance operations for decades. As another analyst has pointed
out, the $85 billion bridging loan (offset by funding from the Reserve Bank of
Australia) extended by the US authorities to AIG, gives the Government an 80%
share in AIG, 'a move that will prevent external players from peering into AIG's
myriad intelligence operations on behalf of the CIA' (3).
WE 'PEER INTO AIG'S MYRIAD INTELLIGENCE OPERATIONS ON BEHALF OF THE CIA':
This entity was chaired, until his enforced resignation, by Maurice 'Hank'
Greenberg, a close friend of Dr Henry Kissinger. AIG's operations in Asia are
reported by the same source (3) as having pre-dated the CIA and its predecessor,
the wartime Office of Strategic Services (OSS). AIG's brand new building in Hong
Kong had been intended as a key outpost for CIA operatives assigned to China.
But Chinese intelligence succeeded in thoroughly wiring the building with
surveillance systems, so that AIG's China operations on behalf of the CIA were
blown. With the US Government now in full control of AIG, the George Bush Center
for Intelligence (Langley) and the Bush Family will, as this source noted on
18th September, 'breathe a lot easier'. Well, not actually...
Because any investigative journalist can easily 'peer into AIG's myriad
intelligence operations on behalf of the CIA' by accessing the rollcall of AIG
subsidiaries listed by the State of Delaware. On 21st September 2008, this list
contained 747 names, of which an initial sample is shown here.
SAMPLE LIST SHOWS THAT AIG DELAWARE SUBSIDIARIES SERVICE THE 'BOX GANG':
It will be noticed that the name 'Baker' appears frequently, and that there are
some entities containing the name 'Chelsea'. Do we need to explain that 'Baker'
entities are connected with George Bush Sr., and 'Chelsea' entities with the
Clintons?
One way that such entities are financed is through the issuance, for instance,
of AIG shares to the subsidiary, which then uses the shares as collateral for
bank loans. The proceeds are then placed into trading programs for private
enrichment and off-off-budget financing (also known as 'Black' Budget')
purposes. Hence, the earlier exotic 'rescue' of AIG represented (as is the case
with each successive, ever more 'exotic', US official initiative to get the
official perpetrators of financial fraud off the hook), a 'backside protection
operation', to escape, for instance, Chapter 11 proceedings and the appearance
on the scene of Trustees, who would expose the fraudulent finance that has been
going on and would be legally obliged to report such glaringly criminal
operations to US law enforcement authorities.
Entities such as the AIG Delaware corporations shown here represent improperly
audited CIA and 'Black Ops' enterprises to which securitised assets such as
those reviewed above, might be on-sold. An immense amount of 'smoking gun'
information along similar lines is available to be mined; and relentless
exposure of such fraudulent finance activities must accompany wholesale reform
of the system, for example along the lines proposed by Michael C. Cottrell,
B.A., M.S., and reposted on this website on 18th September 2008, if the Republic
is to stand even a slight chance of ever hoping to redeem its tarnished
reputation with the Rest of the World:
FILE NUMBER + ENTITY NAME
2143191 AIG ACQUISITION CORP.
2227137 AIG ACQUISITION CORP.
3304183 AIG AJV, INC.
4252940 AIGALON CAPITOL, LLC
3311083 AIG ALTA GREEN, L.L.C.
4283528 AIG ALTARIS HEALTH CAPITAL, LLC
4323757 AIG ALTARIS HEALTH PARTNERS II, L.P.
3574541 AIG ALTARIS HEALTH PARTNERS, L.P.
4295554 AIG ALTARIS MASTER GP, L.P.
3034312 AIG AMB GREENFIELD INVESTMENT ALLIANCE, L.L.C.
2408409 AIGAM, INC.
3312653 AIG ANAHEIM, L.L.C.
2906387 AIG ARGENTINE HOLDINGS, L.L.C.
3373609 AIG ASIAN REAL ESTATE PARTNERS COMPANY, LLC
4397594 AIG ASIAN REAL ESTATE PARTNERS II, L.L.C.
4398654 AIG ASIAN REAL ESTATE PARTNERS II, L.P.
4397597 AIG ASIAN REAL ESTATE PARTNERS II (USD), L.P.
3374221 AIG ASIAN REAL ESTATE PARTNERS, L.P.
2458507 AIG ASSET MANAGEMENT GROUP, INC.
2300068 AIG ASSET MANAGEMENT, INC.
2458530 AIG ASSET MANAGEMENT SERVICES, INC.
4255185 AI GATEWAY, INC.
3355144 AIG BAKER ANDERSON, L.L.C.
3838432 AIG BAKER BAY PARK, L.L.C.
4355818 AIG BAKER BELLEVUE, L.L.C.
3201331 AIG BAKER BIRMINGHAM PROPERTIES, L.L.C.
4015304 AIG BAKER BOGGY POINT, L.L.C.
3388960 AIG BAKER BRENTWOOD, L.L.C.
3398187 AIG BAKER BROOKSTONE, L.L.C.
3591309 AIG BAKER CARSON VALLEY, L.L.C.
4273661 AIG BAKER CASHIERS, L.L.C.
2975631 AIG BAKER CHERRYDALE, L.L.C.
3070092 AIG BAKER CONYERS, L.L.C.
3267324 AIG BAKER DAPHNE, L.L.C.
3837123 AIG BAKER DEPTFORD, L.L.C.
2870569 AIG BAKER DEVELOPMENT, L.L.C.
3096024 AIG BAKER DULLES, L.L.C.
3710928 AIG BAKER EAST VILLAGE, L.L.C.
3989425 AIG BAKER FALLSCHASE FUNDING, L.L.C.
3821162 AIG BAKER FOLEY, L.L.C
4093617 AIG BAKER FRANKFORD, L.L.C.
4063985 AIG BAKER GATEWAY, L.L.C.
4363663 AIG BAKER GEORGETOWN, L.L.C.
3407123 AIG BAKER GRAND JUNCTION, L.L.C.
4285004 AIG BAKER GULF SHORES GOLF COURSE, L.L.C.
4385580 AIG BAKER HAMMOCK DUNES, L.L.C.
3479653 AIG BAKER HARRISONBURG, L.L.C.
3399635 AIG BAKER HOOVER, L.L.C.
2971167 AIG BAKER LEE BRANCH, L.L.C.
3946972 AIG BAKER LILLIAN, L.L.C.
4075877 AIG BAKER LILLIAN TWO, L.L.C.
2358386 AIG/BAKER, LLC
4015298 AIG BAKER LONG'S BAYOU, L.L.C.
2870574 AIG BAKER MANAGEMENT, L.L.C.
2882738 AIG BAKER MANASSAS, L.L.C.
4043423 AIG BAKER MARSH BRIDGE, L.L.C.
4463446 AIG BAKER MARTINSBURG, LLC
3238726 AIG BAKER MOUNT OLIVE, L.L.C.
3121847 AIG BAKER MRP, L.L.C.
4004930 AIG BAKER ORANGE BEACH AMPHITHEATER, L.L.C.
3990512 AIG BAKER ORANGE BEACH MARINA, L.L.C.
3824963 AIG BAKER ORANGE BEACH WHARF, L.L.C.
3334036 AIG BAKER OUTLET, L.L.C.
3622541 AIG BAKER PELHAM, L.L.C.
3178668 AIG BAKER PHILADELPHIA, L.L.C.
4307291 AIG BAKER PRATTVILLE, LLC
2870582 AIG BAKER REAL ESTATE, L.L.C.
4261663 AIG BAKER RETAIL GROUP, L.L.C.
3179708 AIG BAKER RITTENHOUSE, L.L.C.
2889606 AIG BAKER SAGINAW, LLC
2937850 AIG BAKER SEVEN SPRINGS, L.L.C.
3292875 AIG BAKER SHADES CREST, L.L.C.
2997604 AIG BAKER SHAWNEE WEST, L.L.C.
2870579 AIG BAKER SHOPPING CENTER PROPERTIES, L.L.C.
2906293 AIG BAKER SILVERADO, L.L.C.
3861858 AIG BAKER SPARKS, L.L.C.
2875707 AIG BAKER STERLING HEIGHTS, L.L.C.
4250541 AIG BAKER TALLAHASSEE COMMUNITIES, L.L.C.
4081060 AIG BAKER TALLAHASSEE, L.L.C.
4376173 AIG BAKER TIMBER INVESTMENTS, L.L.C. ( see RED BIRD Timber)
FILE NUMBER ENTITY NAME
3158426 AIG BAKER VESTAVIA, L.L.C.
3197550 AIG BAKER VESTAVIA OUTPARCEL, L.L.C.
3197546 AIG BAKER VESTAVIA SHOPPING CENTER, L.L.C.
3601281 AIG BAKER WACO, L.L.C.
4112974 AIG BAKER WHARF INN, L.L.C.
4363662 AIG BAKER WHARF REAL ESTATE, L.L.C.
4243777 AIG BAKER WILLIAMSBURG, L.L.C.
3237426 AIG GAS, LLC
2553492 AIG GLOBAL ASSET MANAGEMENT HOLDINGS CORP.
2765233 AIG GLOBAL EMERGING MARKETS FUND, L.L.C.
3047958 AIG GLOBAL INVESTMENT CORP. CBO-3 CORP.
3586836 AIG GLOBAL INVESTMENT GROUP MUNICIPAL INSURED FUND
2996701 AIG GLOBAL REAL ESTATE ASIA PACIFIC, INC.
3221952 AIG GLOBAL REAL ESTATE INVESTMENT (ASIA) LLC
2153238 AIG GLOBAL REAL ESTATE INVESTMENT CORP.
3260361 AIG GLOBAL REAL ESTATE INVESTMENT (EUROPE) CORP.
3382284 AIG GLOBAL REAL ESTATE PR SHOPPING CENTERS I, LLC
3378602 AIG GLOBAL REAL ESTATE RESIDENTIAL I LLC
3356920 AIG GLOBAL REAL ESTATE SHANGHAI LEASING AND MANAGEMENT CORPORATION
3357067 AIG GLOBAL REAL ESTATE SHANGHAI MARKETING AND ASSET
MANAGEMENT CORPORATION
4149819 AIGGRE ALHAMBRA LLC
3677226 AIGGRE ASIA FUND MURRAY HILL I LLC
3677210 AIGGRE ATLANTIC CHELSEA I LLC
3677208 AIGGRE ATLANTIC MURRAY HILL I LLC
3677234 AIGGRE BAKER MURRAY HILL I LLC
3769536 AIGGRE BAKER SOHO I LLC
3944816 AIGGRE BALDWIN PARK LLC
4147322 AIGGRE BRANDON I L.L.C.
3677240 AIGGRE CARIBBEAN RETAIL CHELSEA I LLC
3677237 AIGGRE CARIBBEAN RETAIL MURRAY HILL I LLC
3808596 AIGGRE CHELSEA COMMERCIAL INDUSTRIAL COMPANY LLC
4192257 AIGGRE CHELSEA MIDWEST LAND DEVELOPMENT LLC
4422125 AIGGRE COMMERCIAL INDUSTRIAL COMPANY II LLC
4012568 AIGGRE CYPRESS FAIRBANKS LLC
4400174 AIGGRE EAST COAST PORTFOLIO CHELSEA LLC
4400171 AIGGRE EAST COAST PORTFOLIO LLC
3791803 AIGGRE ELLINWOOD, LLC
3677231 AIGGRE EUROPE FUND MURRAY HILL I LLC
4012975 AIGGRE FAIRBANKS CHELSEA I LLC
3731346 AIGGRE FC CAPITAL FUNDING LLC
4409456 AIGGRE FOUR PENN CENTER, LLC
4386045 AIGGRE FRUITDALE LLC
4381233 AIGGRE FUND II BRIDGE LOAN LLC
4397589 AIGGRE FUND III BRIDGE LOAN, LLC
4421806 AIGGRE HENRY STREET LLC
4353887 AIGGRE HUDSON MEZZANINE LLC
4171976 AIGGRE HUDSON NORTH LLC
4171975 AIGGRE HUDSON SOUTH LLC
4236025 AIGGRE INDIA CHELSEA I LLC
4236026 AIGGRE INDIA MURRAY HILL I LLC
3677244 AIGGRE INDUSTRIAL II CHELSEA LLC *
3677242 AIGGRE INDUSTRIAL II MURRAY HILL LLC
4330000 AIGGRE KENAVON LLC
3927938 AIGGRE KIAHUNA LLC
4174386 AIGGRE KOREA FUND MURRAY HILL I LLC
4385516 AIG GRE LATIN AMERICA REALTY LLC
3775732 AIGGRE LEGACY CHELSEA I LLC *
2395807 AIG TECHNICAL SERVICES, INC.
1015633 AIG TECHNOLOGIES, INC.
2173464 AIG TECHNOLOGY MANAGEMENT SERVICES, INC.
2943791 AIG TELECOMMUNICATIONS INC.
2941587 AIG TELECOMMUNICATIONS LLC
2008877 AIGTI, INC.
3312651 AIG TORRANCE, L.L.C.
2224837 AIG TRADING CORPORATION
2439068 AIG TRADING GROUP CAPITAL CORPORATION
2351048 AIG TRADING GROUP INC.
3483502 AIG TRADING MANAGEMENT COMPANY INC.
2351062 AIG TRADING SERVICES INC.
0863164 AIG TRAVEL ASSIST, INC.
3389328 AIG TRAVEL, INC.
4337952 AIG TW CORPORATION
Notes and References:
(1) The 'subprime' 'slide' that masks fraudulent finance: 'The money you make
illegally using my money is my money': Report dated 26th December 2007: see www.worldreports.org:
Archive.
(2) 'Coup d'etat by installments': Phrase used to describe Hitler's seizure of
power in stages, by Konrad Heiden, 'Der Fuehrer', Boston, 1944, page 579, cited
in 'Hitler's Thirty Days to Power: January 1933', Henry Ashby Turner Jr.,
Addison-Wesley Publishing Company, Inc. Reading, MA, 1996:
'Only by banning the Communist deputies and by resorting to intimidation and
mendacity did Hitler secure on March 23 the necessary two-thirds vote in the new
Reichstag for an Enabling Act that transferred legislative authority to his
Cabinet, ostensibly for four years'.
• BE AWARE that the 'Paulson, 'rescue plan' is
supposed to be TEMPORARY. DO NOT BELIEVE IT.
'A wave of Nazi purges followed, as one institution after another was
subjugated. Arbitrary rule replaced government by law [SEE ALMOST ALL REPORTS on
this website: Ed.] in what has been aptly termed a "coup d'etat by
installments". By summer, all parties except the Nazis had been dissolved,
Hugenberg had been forced out of the Cabinet, and Herr Hitler had relegated
Papen to insignificance by winning the trust of the President.
Even Goering had wrested from Papen control over the Government of the largest
state, Prussia. Well before the Nazi leader assumed the powers of the Presidency
upon the death of Hindenberg in August 1934, he had become dictator of Germany'.
• The Editor of International
Currency Review and associated intelligence services cannot enter into email
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