Ponzi
Gate is Now Goldman Sachs JP MorganGate
Breaking News Friday March 6, 2009
http://www.stewwebb.com
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EMERGENCY
ALERT:
by
Tom Heneghan
International
Intelligence Expert
UNITED STATES of America - It can
now be reported that Goldman Sachs and J. P. Morgan purchased numerous
counterparty derivatives that was basically a bet that AIG (American
International Group), Bank of America and Citibank would go broke.
The
financial TREASON was done in secret
offshore hedge funds controlled by both Goldman Sachs and J. P. Morgan in the
Cayman Islands and the Bahamas.
Reference: There is no
government or SEC oversight on publicly traded hedge funds that are operated
offshore since George W. BushFRAUD's Executive Order in May of 2006, which
exempted them from this oversight.
Related:
Investigators
looking at ties between Madoff and Stanford
by
Wayne Madsen
http://www.waynemadsenreport.com
Counterparty derivatives have the effect of
canceling and wiping out the original derivatives that were placed by AIG, Bank
of America and Citibank.
And, of course, it gets worse!
This
criminal offshore treason trading was done with none other than U.S. Treasury
TARP funds aka U.S. Taxpayers' money.
The goal was to bankrupt AIG, Citibank and Bank
of America at a point that the Dow Jones Industrial Average would be trading at
6,000.
Of
course, the Dow never reached 6,000 today and actually rallied in the last hour
to close higher.
It was at 12 noon PST when
the Dow Jones was down over 150 points that a criminal referral was sent by the
U.S. Treasury to the Barack Obama Administration Department of Justice.
The criminal referral dealt
with the illegal TREASONOUS offshore
TARP trading of Goldman Sachs and J. P. Morgan.
So you see, folks, this
gang of fraudsters and filth have been using your tax money to engage in
fraudulent hocus pocus derivative financial Ponzi Scheme activity.
CONSPIRATORIAL
TRAITORS
AGAINST
THE AMERICAN PEOPLE
Alan
Greenspan, Henry Paulson
(Reuters),
Joe Biden, Hillary Clinton (Bloomberg
News/Landov),
Bill Clinton, BushFRAUD, daddy Bush
We can now divulge that
former U. S. Treasury Secretary and KHAZARIAN Jew Henry Paulson, former Federal
Reserve Chairman and KHAZARIAN Jew Alan Greenspan, current U.S. Secretary of
State and KHAZARIAN Jew Hillary Rodenhurst Clinton and current Vice President
and ZIONIST Joseph Biden, along with former White House occupant George W.
BushFRAUD, his daddy, former President George Herbert Walker Bush, and his
little bitch, former President Bill Clinton, have all been in on this Goldman
Sachs-J.P. Morgan Ponzi Scheme since the original "bail out" started
in September of 2008.
It is not clear at this
point whether current President Barack Obama was aware of all of this activity,
but it is crystal clear that a week after the original "bail out" of
AIG, Obama received the most favorable press coverage in the history of American
presidential campaigns.
Item: The aforementioned Ponzi Scheme plot
hatched in September of 2008 was to reach the finish line today with the Dow
going down to 6,000. Clearly they did not reach the finish line.
The Ponzi Scheme plot was
to have Goldman Sachs and J. P. Morgan take over AIG, Citibank and Bank of
America and, accordingly, avoid nationalization, and of course Bankruptcy Court,
which might have exposed at least some of the derivatives and possibly the
overall Ponzi Scheme.
How
dare you, you conspiratorial tyrants
and
kings and notable queens!
P.S. Here is an update on President Barack Obama's White House legal counsel,
scumbag "Skull and Bones" Greg Craig.
"Skull
and Bones" Greg Craig,
Obama's
White House legal counsel
Informed
sources in Alabama are reporting that the chief witness against George W.
BushFRAUD advisor, Karl Rove, Alabama attorney Dana Jill Simpson, has been the
recipient of death threats stemming from a letter her attorney sent to Greg
Craig.
We can now report that
Craig, a personal friend of the Bush Family, the attorney for Cuban Elian
Gonzalez in the anti-Al Gore year 2000 presidential campaign Florida political
psyop, and the major campaign chieftan for George W. BushFRAUD's 3rd cousin and
year 2004 northeastern liberal presidential campaign patsy, John "Skull and
Bones" Kerry Cohen, illegally
divulged
confidential information on Dana Jill Simpson, which has now led to death
threats against Ms. Simpson.
It is clear that Greg Craig
is a national security risk and needs to be removed immediately as White House
legal counsel.
The little "Skull and
Bones" scumbag has now placed the life of a patriotic American
whistleblower in jeopardy.
Note: The Israeli Mossad-controlled American
media filth continues to cover up and stonewall for "Skull and Bones"
Greg Craig's tax cheat wife.
P.P.S.
Again, stay tuned for our next full intelligence briefing, which will include an
update on the new evidence surrounding the "death" of year 2000
presidential election fraud whistleblower, Ray Lemme, and the tie in to
convicted former NASA employee Courtney A. Stadd.
Lemme had evidence linking Stadd to the NSA-NASA
conspiracy that STOLE five states in the year 2000 presidential election.
Note: Lemme was in
possession of "smoking gun" evidence of the use of NSA and NASA
satellites in the blatant THEFT of the states of Florida, West Virginia,
Tennessee, Missouri and New Hampshire in the year 2000 presidential election
coup d etat orchestrated against then Vice President, now duly elected year 2000
President Albert Gore Jr.
P.P.P.S. Political hack and sociopath Sean Hannity of FOX News continues his
personal attacks against former Vice President, now duly elected year 2000
President Albert Gore Jr. concerning the legitimacy of the global warming
crisis.
Message to Hannity: It was 75 degrees yesterday in Nebraska.
Hannity, a stooge of KHAZARIAN Jew and loser
Hillary Rodenhurst Clinton and FOX News owner Rupert Murdoch Greenberg, seems to
want to make everything with Al Gore personal.
Listen
to this Hannity: As I have told you before when it gets personal it is going to
get physical.
Hannity, along with other
media whores:
-
enabled not only the theft of the year 2000 presidential election by
nation-wrecker George W. BushFRAUD, but
-
enabled the destruction of our U.S. Constitution,
- the looting of the U.S. Treasury, and
-
the dishonoring of the U.S. Military.
Again, a notice to Hannity:
We take that type of TREASON activity against the American People very personal.
Final note: Dunblaine pedophile and war criminal, Tony Blair, continues to hang
out in Washington, D.C.
One has to ask the question at this point if he is working for Goldman Sachs
and/or J. P. Morgan.
In the words of duly elected year 2000 President Albert Gore Jr.: "Blair,
it is time for you to go."
So get this straight Blair: You and your British
ilk of monarchists are not welcome on American soil. So get out
...
Billions
for AIG to Protect the Speculative Profits of Goldman Sachs/Morgan Stanley
by
Raymond J. Learsy
The
dysfunction of our financial institutions is almost beyond belief.
In
November of 2008 with the nation's economy unraveling, Morgan
Stanley and Goldman Sachs (one of the top five U.S. municipal bond
underwriters) were infuriating politicians and public finance officials
by recommending the purchase of credit-default swaps (CDS) thereby
betting against debts of eleven states, including New Jersey,
California, Wisconsin, Florida, and Ohio among others. Many of these
were municipal bonds that they had originally underwritten. Thereby,
through an act of blatant opportunism they were adding to the
destabilization of the financial markets already at the edge.
CDS
are in effect insurance policies. Insurance policies are
normally taken out to cover loss against the occurrence of an event
such as fire, or flood, or accident, and so on. But CDS, rather than
being called "insurance," became, in the parlance of the Street,
"derivatives," making them much more elegant to deal with and for the
rest of us much more difficult to understand. They were, in this case,
simply insurance bets on the bankruptcy or inability of municipalities
throughout the country to meet their debt obligations. A bit like
taking out insurance against fire on the house next door and having a
lottery on the proceeds should it burn down.
Now
to buy "insurance" one would naturally go to an insurance
company to cover the risk. And the insurance company would sell you an
insurance policy and would set an amount on their balance sheet that
would represent a reserve against the potential loss/payout. An
insurance company likely to write a policy covering this would be AIG.
After all, AIG had become the king of CDS. In all likelihood this was
the case for the likes of Goldman and Morgan-Stanley.
Except
it gets worse. You see, in the mumbo-jumbo of the term
"credit-default swaps," the word "insurance" is not
mentioned. And
according to the good souls at AIG, if you don't use the word
insurance, you don't have to set aside any reserves in case of loss.
And if you don't set aside any reserves, you can issue all the CDS the
market can bear (understood to be in the range of $400 billion at AIG),
cash in the policy premiums as a humongous supplement to your usual
insurance business, allowing for zillions in paychecks and bonuses. And
of course, if it all comes crashing down you can put up the "systemic
risk" flag and your Wall Street friends in Washington will charge to
the rescue with taxpayer dollars. (What did Goldman CEO Lloyd Blankfein
say to Treasury Secretary and ex-Goldman CEO Hank Paulson when he was
party to the discussions on the first AIG bailout, or as Bloomberg reported
yesterday, is this also part of the government's refusal "to disclose
names of the borrowers and the loans"?.
http://bloomburg.com/
During
his testimony this week, Fed Chairman Bernanke felt compelled to say, and I
quote:
"AIG exploited a huge gap in the regulatory system; there
was no oversight of the financial products division. This was a hedge
fund basically that was attached to a large and stable insurance
company, made huge numbers of irresponsible bets, took huge losses"
One
knows the folks at Goldman are no fools. Were they going to put
good money down for CDS that their counterparty (AIG) might not be able
to honor because it made no reserve provisions? Or was the temptation
of another big pay day just too tempting not to risk Other People's
Money to play the game?
To
date we have poured $160 billion into AIG -- this while others
see the value of their homes cut in half, the better part of their
401(k)s wiped out, their government services significantly reduced, and
other lending institutions diligently try to work out past due credits,
taking significant mark-downs and extending due dates to keep
industries and corporations alive.
This,
as Goldman Sachs and Morgan Stanley are being covered 100
cents on the dollar on their speculative positions of intrinsically
flawed CDS derivatives on which they gorged themselves to the bursting
point. It is past time that a distinction be made between that part of
AIG's business that was a "large and stable insurance company," and
that part that was a "hedge fund," or better put, a casino. So the big
question becomes, why should AIG's CDS be paid down 100 cents on the
dollar when the rest of the country is taking at or near 50% haircut on
the value of its assets?
But
then again the rest of the country doesn't have those well-oiled
K Street lobbyists pursuing their special interests in Washington. They
just vote and pay.
...
http://www.huffingtonpost.com/raymond-j-learsy/billions-for-aig-to-prote_b_172102.html
TOM
HENEGHAN'S EXPLOSIVE INTELLIGENCE BRIEFINGS
International
Intelligence Expert, Tom Heneghan, has hundreds of highly credible sources
inside American and European Intelligence Agencies and INTERPOL--
reporting what is REALLY going on behind the scenes of the controlled
mainstream media cover up propaganda of on-going massive deceptions and
illusions.
EVER VIGILANT 24/7
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