-Caveat Lector- forwarded... Dave Hartley http://www.Asheville-Computer.com http://www.ioa.com/~davehart -----Original Message----- From: Catherine Austin Fitts [mailto:[EMAIL PROTECTED]] Sent: Wednesday, October 13, 1999 6:06 PM Subject: Why Should Taxpayers Insure Bank of New York or provide FDIC Insurance Credit Backstopping for $7MM in Annual Compensation for Gross Negligence or Worse? For those of you who are not making $7 million a year in salary and bonus, but enjoy your taxpayer supported federal credit support used to support such annual compensation for people who do money laundering, you may want an easy way to e-mail congress and say NO MORE. We want the Bank of New York Chairman to give his bonuses back. Now! Remember, when this heads south we could end up with another S&L scandal expense that you and I will have to pay. We paid last time around. Billions. That does not even include the national security problems we have when the Russians decide to team up with the Chinese and take revenge for what we have done. To make it simple to send an e-mail or letter, Solari has arranged to deliver the September Issue of From the Wilderness to each member of the Senate and House. Over 500 packages went to the Congressional mail rooms today and the individually addressed and signed letter and Mike's wonderful article on the Bank of New York situation should be in their office by Monday am. Your representatives e-mail should be posted on the house and senate websites. Hope this is useful! Catherine Austin Fitts Solari Attached: Copy of letter is below (feel free to plagarize any useful pieces)===================================================================== ===================================== October 13, 1999 The Honorable Fred Thompson 523 Dirkson Senate Building Washington, DC 20510 Is America�s financial system so addicted to cocaine and organized crime capital that traditional methods of regulation and enforcement can do nothing? Just consider the Bank of New York money laundering operations: Since 1995, the Bank of New York is suspected of laundering as much as $10-12 billion worth of Russian "organized crime" and capital flight money. The Bank of New York has admitted to investigators that, in addition to profiting from substantial increases in foreign deposits, it has charged as much as $250 million a month in "fees" for these transactions. Between 1994 and 1998, Bank of New York Chairman Thomas Renyi�s compensation rose from $1.23 million to $7.3 million. Other senior management received large increases, too. Recently, Congressman Leach said that the amount of money looted out of Russia and laundered through US Banks could top $100 billion. Where did this money go? On September 1, Congressman Leach said, "I have no doubt that some of this money ended up in the stock market." Thinking through the relationship of organized crime capital and the stock market, consider another recent event. In June, Richard Grasso, Chairman of the New York Stock Exchange, traveled to Colombia to visit with a senior commander of FARC�s insurgency forces to encourage them to circulate cocaine profits back into the US stock market. Associated Press reported the event as follows: ``We are very aggressive in trying to pursue international markets and opportunities,'' NYSE chairman Richard Grasso explained in an interview Saturday night at his Bogota hotel. ' He said he also invited Reyes (FARC) to visit Wall Street. ``I extended to the commandant the opportunity to walk the floor of the exchange with me�'' Grasso said. Getting FARC leaders to Wall Street could be difficult, though. The 35-year-old guerrilla group is on the U.S. State Department' list of international terrorist groups; its chief revenue sources are ransom kidnappings and the ``taxing'' of illegal cocaine and heroin production. Well, why does Solari care about the American financial system recovering from it�s drug capital addiction? We are an investment advisor created to invest equity capital in American communities. Our efforts at financing neighborhood stock corporations, real estate investment trusts, community databanks and microenterprise networks have been a financial flop. Why? Because the Solari Investment Model does not produce the high yield equity returns possible - when organized crime is the dominant financial model. The litigation and regulatory expenses of this model shift are too great and the physical harassment by competitors who prefer government subsidy and control to private markets increases personal risk. This is the reality that is inspiring concerns about campaign fundraising and federal disclosure policy: Approximately 80% of presidential campaign fundraising revenues comes from the four states with the largest market share of drugs imports, money laundering and investment of laundered profits; We believe development through HUD is related to CIA supported drug dealing. HUD manipulation of disclosure policies to ensure that we can not understand how government investment works in communities appears to be designed to protect drug profits financing covert operations; The CIA Inspector General�s report last year admitting that "yes, CIA networks deal drugs" received no meaningful press coverage and has not resulted in the open Congressional hearings promised by the CIA and Congress. Solari thinks that we can help Americans understand how the money works in illegal drugs and organized crime. Better yet, we think we can do something by teaching Americans how to "vote with our money." After all, we "vote" with our purchases of media and consumer goods, our banking deposits, our stock market and insurance investments and the time we give to community service. We are writing a column in the California based newsletter From the Wilderness each month and doing interviews on radio talk shows and workshops to help people understand the organized crime industry and how organized crime profits are reinvested in the stock market and campaign fundraising. Enclosed please find a copy of the September issue with Mike Ruppert�s wonderful article about Russian capital flight and the Bank of New York and my article about the implications of the current financial model for small farmers in Hardeman County, Tennessee called "Crying in the Kitchen with Jane". Recent back issues of From the Wilderness are available from Solari free by e-mail. Just contact me at [EMAIL PROTECTED], and I will provide them to you and your staff or constituents. We encourage you to copy back issues and circulate them or access the From the Wilderness website at www.copvcia.com. Now, what can you do for Solari? Help us understand how we can use our website (launching December 1999 @ www.solari.com), our column in From the Wilderness, or our radio talk show interviews and workshops to help you and your staff understand how money works in organized crime. What tools and maps about organized crime would help you and your staff represent honest taxpayers on these issues without undue risk? The Solari network is a problem solving network. We are small and have few resources. Even so, we want to do what we can to help government officials and staff. We are concerned that understanding organized crime and what to do about it is overwhelming all of us, including those who are trying to lead and manage in government. We appreciate your efforts to hang in there and do your best. Sincerely, Catherine Austin Fitts President, Solari President, Hamilton Securities Group (in liquidation) Former Assistant Secretary of Housing, Bush Administration Enclosure: September Issue, From the Wilderness DECLARATION & DISCLAIMER ========== CTRL is a discussion and informational exchange list. Proselyzting propagandic screeds are not allowed. Substance�not soapboxing! These are sordid matters and 'conspiracy theory', with its many half-truths, misdirections and outright frauds is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRL gives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. 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