January 8, 2013
|The Chuck Hagel Bankster Connections.
.(many faces in many places
)The nomination of Chuck Hagel has prompted an email response from Alan P. at PEU Report
. He writes to EPJ:
Pentagon nominee Chuck Hagel has his own PEU ties. I’ve yet to see the media report them.
Alan, also, provided a link to his post, Chuck Hagel PEU, which details how Hagel has been keeping himself busy with his bankster ties.
In his post, Alan notes that Hagel sits on the advisory board of Corsair Capital. a private equity underwriter (PEU) focused on the financial services industry. He also serves on the Board of Directors of Chevron Corporation and Zurich’s Holding Company of America; and the Advisory Board of Deutsche Bank America, and is a Senior Advisor to Gallup.
Most noteworthy, Hagel is a director of Wolfensohn and Company. The company is founded by global operator James Wolfensohn. After Paul Volcker left the Federal Reserve to cash in, he chose to go with Wolfensohn’s predecessor firm as a senior partner. Wolfensohn sold the predecessor firm when he became president of the World Bank.
In 2005, upon leaving as president of the World Bank, he founded Wolfensohn and Company, LLC, where Hagel is a director. The firm is privately held firm that invests, and provides strategic consulting advice to governments and large corporations doing business, in emerging market economies.
Since 2006, Wolfensohn has also been the chairman of the International Advisory Board of Citigroup.
In 2009, he became a member of the International Advisory Council of the Chinese sovereign wealth fund China Investment Corporation.
Bottom line, Hagel is operating at the core of crony corporate America and the expanding empire, if he is that close to Wolfensohn.
Neoconservatives and and gay rights groups are up in arms about some of Hagel’s comments in the past about Israel and gays, but Hagel is a major insider. The empire will continue to expand under him, if he becomes Defense Secretary. For the real insiders, the Israel controversy and the gay comments are surface skirmishes, what the Hagel nomination is really about is a major league bankster heading the DOD, and in the end that means its about huge crony $$$$.Read the full story here.
That Chevron board essentially means oil money that is loyal to Saudi interests. Actually that is surprising since Hagel appears to be lenient with Shia interests like Iran and Hezbollah and their allies in Asia like Russia and China.
January 8, 2013
The people who were investors would of done better to of gone bankrupt and sold the toxic assets for what they were worth
(Mark Lennihan / AP Photo)
)AIG is said to consider suing U.S. for bailout that saved company. At the same time American International Group Inc. has been running high-profile ads thanking America for the bailout that saved the company, the insurance giant reportedly is considering joining a shareholder suit against the U.S. government for the rescue.
The AIG board will meet Wednesday and could decide to join a $25-billion suit led by former chief executive Maurice “Hank” Greenberg, the New York Times reported.
The suit by Greenberg’s Starr International Co. alleges that the 2008 bailout of AIG by the Treasury Department and Federal Reserve Bank of New York in which the government received an 80% ownership stake in the company violated the rights of shareholders. The ownership stake later climbed to 92%.
The suit in the U.S. Court of Federal Claims in Washington alleges that the bailout cost shareholders billions of dollars and violated the 5th Amendment, which prohibits the taking of private property for public use “without just compensation.”
A similar suit against the New York Fed was thrown out by a New York federal judge in November. But Judge Thomas Wheeler of the Court of Federal Claims had ruled in September that Greenberg’s case against the U.S. government could go forward.
A September court filing said the AIG board expected to make a decision by the end of January.
An AIG spokesman declined to comment Tuesday. A Treasury Department spokesman also would not comment.
But U.S. officials would not be pleased if AIG joined the suit. The company received the single largest bailout of the financial crisis, leaving the government on the hook for more than $182 billion.
AIG ended up taking about $125 billion in the complex, multi-step bailout. In the process, the company became the poster child for reckless risk-taking on Wall Street and the focal point for anger by the public and lawmakers over the unprecedented government intervention to save the financial system.
In December, the government sold the last of its stake in AIG. The bailout formally ended with the taxpayers earning a $22.7 billion profit, though critics noted there were additional, incalculable costs, such as a loss of public confidence in the financial system and a precedent for rescuing too-big-to-fail financial firms.
AIG has been touting the end of the bailout with print, TV and online ads titled “Thank You America.” The ads, which have aired in recent weeks during college football bowl games and National Football League playoff games, note the company “repaid every dollar America lent us.”
November 3, 2011
Insane. What is even more insane is how it effects a young Jew’s ability to get a job without starting his own business. People know there is hate out there, but there are economic burdens that come with the hate and people think all Jews have money. Many of us are unemployed and can’t get help because the prejudice is that because we are Jews then we must be smart and have loads of cash.
(Jewish Journal/h/t Bat-Zion Susskind-Sacks) A table from the Anti-Defamation League’s “Survey of American Attitudes Toward Jews in America.” The dark blue bars represent the responses of those identified by the survey as “the most anti-Semitic” Americans. The light blue bars represent the general population’s responses. Courtesy ADL and Marttila Strategies. The folks on the fringes of Occupy Wall Street rallies who have been holding signs and hollering slogans about Jewish control of large banking institutions may just be the loudest among the minority of Americans who think Jews have too much influence in the financial sector. The Anti-Defamation League (ADL) released the results of its most recent “Survey of American Attitudes Toward Jews in America,” on Nov. 3. The survey (pdf) found that 19 percent of Americans thought it was “probably true” that “Jews have too much control/influence on Wall Street.” That’s an increase from the last time the ADL asked the question, in 2009, when only 14 percent of Americans answered that way. In an emailed statement announcing the findings, ADL National Director Abe Foxman attributed the increase in anti-Semitic beliefs among Americans to “the downturn in the economy” and “changing demographics in our society.” The 11-question poll, which was first devised by the ADL in 1964, was administered to 1,754 adults across the country by telephone in October. The survey also found that nearly one in three Americans (30 percent) believes Jews are “more loyal to Israel than to America,” and a similar number (31 percent) feel that “Jews talk too much about what happened to them in the Holocaust.” The survey did show that most Americans have non-prejudicial things to say about Jews. Seventy-nine percent said Jews “have a strong faith in God,” 64 percent agreed that Jews “have contributed much to cultural life of America,” and 83 percent credited Jews with emphasizing “the importance of family life.”