From: Jeff Gordon <[EMAIL PROTECTED]> Date: Sun Sep 10, 2000 6:14am Subject: PROMIS, War on Drugs, HUD, Land Grab, etc. http://www.egroups.com/message/RMNEWS_DAILY_EMAILS/4169 Excerpted from: http://www.newsmakingnews.com/catharvardmain.htm V. CASE STUDY #1: GEORGE W. BUSH'S CONNECTION TO THE HARVARD ENDOWMENT. Those who are awake live in a state of constant amazement. - The Buddha The Harvard connections to the Bush family fortune through Harken Energy were revealed by Joe Conason in Harper's Magazine (February 2000) Notes On A Native Son: The George W. Bush Story. Click to read the article. http://www.newsmakingnews.com/cathavardharpers2,00.htm (URL: (http://www.harpers.org/) In his article, The Buying of the President 2000, Charles Lewis, at the Center for Public Integrity, also noted Harvard's role in Bush's success in the oil industry, adding new information on Harvard's possible role in facilitating George W. Bush's sale of his Harken stock: Click to read the article. http://www.newsmakingnews.com/catharvardpubinteg.htm (URL: http://www.publicintegrity.org/) VI. CASE STUDY #2: PUG WINOKUR AND HARVARD, HUD, THE WAR ON DRUGS IN THE US AND COLUMBIA The reputation of a thousand years may be determined by the conduct of one hour. - Japanese proverb I met Mike Eisenson and Pug Winokur in the early 1990s when my company was performing financial advisory work with respect to the HUD related housing investments of NHP, Inc. and NHP's mortgage banking subsidiary, WMF Group, Inc. Their roles were members of the board and investors. Some of my dealings with NHP -- and its opposition to community access to technology and private equity capital---- have been described in the first three parts of a four part series on one of my investments during that period, Edgewood Technology Services. See "The Story of Edgewood Technology Services - or How I Lost $100 Million Discovering Who Makes Money Making Sure the Popsicle Index Does Not Go Up" (http://www.solari.com/action/articles/index.html ). The Edgewood story tells of an opportunity missed to make education, entrepreneur- ship and equity capital accessible at low cost to 63,000 communities in a manner that would benefit taxpayers, homeowners, communities and pension fund beneficiaries and other large and small investors alike. If ever there was a demonstration of why wealth is shifting to elites, this intentional effort to use taxpayers resources to deny citizens access to their own tools and knowledge was it. HUD housing was my first experience in seeing what I thought to be highly professional equity investors ensure that harmful government policies were implemented to guarantee them capital gains. Harvard's capital gains, first on the sale of its interest in NHP in 1997, and then on the operation and sale of WMF, their HUD mortgage banking operation, were wonderful for Harvard and Pug Winokur's company Capricorn Holdings. However, it came at the cost of government policies harmful ---and unnecessarily so---to both taxpayers, homeowners and communities. What was most surprising to me was how much money taxpayers and homeowners had to lose to satisfy the private housing industry's appetite for short term capital gains, when alternative policies and business plans were available that could have ensured success for all concerned. A review of the Harvard Endowment's performance in 1997, when Harvard and Pug Winokur's company Capricorn sold NHP, Inc., shows the highest capital gains increase (22.1%) in the Harvard Endowment since 1986. Given Harvard's description of its performance based compensation plan, the NHP sale would have generated generous bonuses for Mike Eisenson and his group. Click to view. (URL: http://vpf-web.harvard.edu/factbook/99-00/page39.htm) ). As Capricorn is private no information is available as to what impact the sale had for Pug and his partners individual compensation. Pug was also a member of the board of Harvard Management during this period. Since we have no information as to whether Harvard is one of the investors funding Pug Winokur's investment partnerships at Capricorn, we do not know if additional profits flowed to Harvard or its affiliates through any investment they may have in Pug's investment partnerships. Each of the regulators overseeing these operations (i.e., HUD investments) on behalf of taxpayers during this period, HUD Assistant Secretaries of Housing/FHA Commissioners Nicolas Retsinas and William Apgar, held a position at Harvard's Kennedy School of Government, in one case before service at HUD and in one case after leaving HUD. The relationships and exchanges of personnel among HUD, the Office of Management and Budget, which oversaw the HUD policies closely, the Clinton Administration and Harvard were numerous. Click to view HUD's website. URL: http://www.hud.gov) Click to view the OMB's website. URL: http://www.whitehouse.gov/OMB/ My surprise at Harvard's and Pug's conduct regarding their HUD investments was nothing compared to my surprise at the attempts of the Department of Justice (DOJ) and HUD to seize back $4.7 billion of HUD loan sales from Goldman Sachs and PNC, on a trumped up allegation that my company as financial advisor had engaged in insider trading with these bidders. This allegation had been found baseless by HUD's own auditors and was not mechanically possible given the design of the loan sales bidding process. Click to view the DOJ's web site. URL: http://www.usdoj.gov/ This situation offered me the opportunity to learn about the growing DOJ and HUD revenue generating enforcement operations through asset forfeiture and civil money penalties associated with the War on Drugs in neighborhoods financed and subsidized by HUD. Pug Winokur through his position as Chairman of the board of directors of DynCorp (Click. URL: http://www.dyncorp.com), played a leadership role in the "War on Drugs" at the Department of Justice because --among other things -- DynCorp served as the lead contractor to the Department of Justice's Asset Forfeiture Fund (Click. URL: http://www.usdoj.gov/criminal/publicdocs/11-1asof/11-1asof.htm ). This occurred while Pug was DnyCorp's Chairman and the lead investor. DynCorp has a $600 million government contract to provide support to the War on Drugs in Colombia, Peru and Bolivia. A year ago I attended a presentation of three women from Bolivia, Columbia and Peru who had come with a Philadelphia Women's group to meet with Congress to tell them the truth of what was happening in the War on Drugs in these countries. I asked them many questions about who got control of the land as they were moved off it by the US financed and advised military. Finally, one of the women asked me how I understood so clearly what was going on in their countries when I had never been there. My response: because apparently the War on Drugs and asset forfeiture process as it related to land and real estate accumulation by private investors worked the same in their countries as in mine. That was before I learned that DynCorp was doing the knowledge management for enforcement and forfeiture operations as part of the War on Drugs in all four countries. DynCorp had numerous contracts at DOJ. DynCorp had been one of the contractors who assumed responsibility for the PROMIS case management system at DOJ when the DOJ breached its contract with INSLAW. The use of Promis software to access worldwide banking records--- bypassing most if not all privacy laws--- is alleged to have given the intelligence and enforcement agencies the power to stop most illegal drugs trafficking long ago. ( See the fictional account in Black Money by Michael Thomas.) If true, the Promis allegations raise powerful questions about the real purpose behind the " War on Drugs" both in the US and Latin America. For more on use of drugs and HUD investment and enforcement to promote ethnic cleansing and real estate gentrification in the US, see my article "Former Bush Assistant Secretary for HUD Reveals "Ethnic Cleansing" Connected to CIA Drug Dealing in Los Angeles: Government Spends Millions in Campaign to Silence Former Wall Street Banker, Cover Up Connections to Dark Alliance Stories & CIA Inspector General Report on Drug Trafficking" in the May 1999 >From the Wilderness. (http://www.solari.com/action/articles/index.htm #Former Bush Assistant Secretary) All of Congressional and Administration failure to keep their promises to hold open hearings on the CIA's Inspector General's own admissions of drug trafficking in 1998 underscore the challenge before us to face how the money really works on some of America's most profitable businesses---drug trafficking, money laundering and arms trafficking. The Reagan-Bush Administration was systematically targeting homeowners and taxpayers to finance covert operations during Iran-Contra. The Promis allegations also raise powerful questions about who is accessing the HUD databases and systems and for what purpose as well as whether or not the Privacy Act is respected. As disturbing, is the question of what other government agencies are being accessed and by whom. Finally, the Promis allegations raise serious questions about the transactional and ethical integrity of the global banking and financial system. (Click to read the Electronic Freedom Foundation's Archive re: Inslaw. URL: http://www.eff.org/pub/Legal/Cases/INSLAW/ ). Lastly, It also raises whole new questions about Executive Order 12333 and the shift during the Reagan and Bush years of our national security intelligence infrastructure and technology into private hands through government contracting with firms such as DynCorp, as part of the events that have come to be referred to as "Iran-Contra." (For a review of some of these events, see the Solari chronology at http://www.solari.com/action/chronology.html ). CONTINUES.............. http://www.newsmakingnews.com/catharvardmain.htm http://www.newsmakingnews.com/catharvardpugdd.htm ----- End forwarded message ----- <A HREF="http://www.ctrl.org/">www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance�not soap-boxing�please! 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