------ Forwarded Message > From: "dasg...@aol.com" <dasg...@aol.com> > Date: Mon, 13 Jul 2009 23:49:17 EDT > To: Robert Millegan <ramille...@aol.com> > Cc: <ema...@aol.com>, <l...@legitgov.org>, <lar...@rawstory.com> > Subject: Timothy Geithner, Kissinger Associates, and BCCI >
> TIMOTHY GEITHNER AND THE BLACKSTONE-BCCI SET UP > > > Source - http://www.corpwatch.org/article.php?id=14995 > > 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 ³fairness² 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 Fed¹s 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 investigated 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. > > > CHRONOLOGY > > Geithner > > 1988: Blackstone forms BlackRock as mortgage investment subsidiary. Its CEO is > Peter Peterson, also CEO of the Council on Foreign Relations, for which Henry > Kissinger, Brent Scowcroft, and Robert Rubin are officers. > > 1986: East Asian International economic specialist, Timothy Geithner joins > Kissinger and Associates, a major Chinese Financial lobbying firm with strong > ties to the Kingdom of Saudi Arabia. At the time both Kissinger and Brent > Scowcroft are partners, as well as international economist Alan Stoga. It is > not clear whether Geithner worked with Stoga at this time, but his expertise > in China would be welcome in its China Joint Venture. > > 1986-1989: Kissinger Associates, Stoga and consultant ambassador Sergio Correa > discuss a merger between BCCI and Kissinger Associates. Correa acts as a front > man for BCCI in acquisition explorations as a paid retained consultant to both > BCCI, and separately to Kissinger Associates. Stoga arranges contacts between > BCCI Saudi linked executives Gaith Pharaon and Abol Helmy. It is not known > whether Geithner worked on these transactions. > > c. 1989: BCCI is indicted and Kissinger Associates ends discussions. Geithner > leaves Kissinger Associates and begins work as a civil servant in the Treasury > Department. He is confirmed as Asst. Sec. for International Affairs in > Treasury working for Secretary Rubin of the Clinton Administration. [Senior > executive at Goldman Sachs and later Citibank, a Saudi controlled foreign > bank]. Rubin also serves as an officer of the CFR managed by Peter Peterson > CEO of Blackstone. > > 1992: BlackRock is spinoff Blackstone and becomes independent. > > 2001: Geithner joins International Monetary Fund IMF. > > 2003: Blackstone CEO Peter Peterson names Geithner as President of the New > York Federal Reserve Bank. 2007 Peterson¹s Blackstone sells 3 Billion dollar > stake in Blackstone to the People¹s Republic of China. 2007 Rubin s Citibank > receives billions in bailout loans in exchange for mortgage collateral. > > March 2008: Blackrock creates firm to buy distressed mortgage securities. > > April 3, 2008: Blackstone mentioned as advisor to Bear Stearns valuation, > later amended to be Blackrock, founded by Blackstone. > > REFERENCES > > Bernanke Defends Fed's Role in Bear Stearns Deal > http://www.pbs.org/newshour/updates/business/jan-june08/fed_04-03.html BCCI > AND KISSINGER ASSOCIATES, Congressional Report, 1992, > http://www.fas.org/irp/congress/1992_rpt/bcci/20kiss.htm Blackstone? > > BlackRock? Whoever > > http://blogs.wsj.com/economics/2008/04/03/blackstone-blackrock-whoever/?mod=WS > JBlog BlackRock set to profit from Mortgage Distress Bailout, The new company > has been formed by BlackRock, Highfields, and a management team of mortgage > industry led by Stanford Kurland, Private National Mortgage Acceptance > Company's (PennyMac) chairman and CEO. PennyMac will raise capital from > private investors, acquire loans from financial institutions seeking to reduce > its mortgage exposures, and seek to create value for both borrowers and > investors through distinctive loan servicing. > http://www.banking-business-review.com/article_news.asp?guid=17D0DB88-3917-44F > 6-AFF3-1D1AECC10E77 New York Fed Names Timothy F. Geithner President > > http://aconstantineblacklist.blogspot.com/2009/02/project-anthrax-cover-up.htm> l > > > > Looking for love this summer? Find it now on AOL Personals > <http://personals.aol.com/?ncid=emlcntuslove00000003> . > > > ------ End of Forwarded Message
