Feeds:
Posts
Comments

Archive for the ‘Corporate Government’ Category

FilmMattic: Movie Review: Too Big to FailTHE AIG RESCUE, ITS IMPACT ON MARKETS, AND THE GOVERNMENT’S EXIT STRATEGY

CONGRESSIONAL OVERSIGHT PANEL
JUNE OVERSIGHT REPORT, JUNE 10, 2010

FIGURE 3: GOVERNMENT ASSISTANCE TO AIG AS OF MAY 27, 2010 2
[Dollars in millions] Amount Authorized — Amount Outstanding as of 5/27/10
Federal Reserve [Inc.]
Revolving Credit Facility … $34,000 — $26,133
Maiden Lane II: Loan extended by Federal Reserve [Inc.] … 22,500 — 14,532
Net portfolio holdings of Maiden Lane II LLC … 0 — 15,910
Accrued interest payable to Federal Reserve [Inc.] … 0 — 342
Maiden Lane III: Loan extended by Federal Reserve [Inc.] … 30,000 — 16,206
Net portfolio holdings of Maiden Lane III LLC 3 … 0 — 23,380
Accrued interest payable to Federal Reserve [Inc.] … 0 — 427
Preferred interest in AIA Aurora LLC … 16,000 — 16,266
Accrued dividends on preferred interests in AIA Aurora LLC 0 — 125
Preferred interest in ALICO SPV … 9,000 — 9,150
Accrued dividends on preferred interests in ALICO Holdings LLC 0 — 70
Total Federal Reserve [Inc.] … 111,500 — 83,251

TARP (more…)

Advertisements

Read Full Post »

The “too big to fail” theory asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and that they therefore must be supported by government when they face potential failure. — Wikipedia

THE AIG RESCUE, ITS IMPACT ON MARKETS, AND THE GOVERNMENT’S EXIT STRATEGY

CONGRESSIONAL OVERSIGHT PANEL
JUNE OVERSIGHT REPORT*

JUNE 10, 2010.—Ordered to be printed

EXECUTIVE SUMMARY*
At its peak, American International Group (AIG) was one of the largest and most successful companies in the world, boasting a AAA credit rating, over $1 trillion in assets, and 76 million customers in more than 130 countries. Yet the sophistication of AIG’s operations was not matched by an equally sophisticated risk-management structure. This poor management structure, combined with a lack of regulatory oversight, led AIG to accumulate staggering amounts [liabilities], (more…)

Read Full Post »

(more…)

Read Full Post »

Image result for debt crisisTHE VALLEY OF THE SHADOW OF DEBT
By Carolyn Baker, 2006

Never before have political leaders urged such large-scale indebtedness on American consumers to rally the economy. — Kevin Phillips, in American Theocracy: The Peril and Politics Of Radical Religion, Oil, and Borrowed Money In The Twenty-First Century

In a recent conversation with a friend, a married mother of three, she anxiously confided that although she has never been scared about money in her entire adult life, she now, in her mid-forties, finds herself feeling terrified. “Sometimes I wonder,” she said tentatively, “if it’s our own fault or if it’s the world we now live in. I’ve never worked harder in my life, but I’ve never found myself and my family falling so far behind financially.”

[Many] are no doubt hearing similar anguish issuing from the mouths of friends and family, and in all likelihood, thinking similar thoughts, but they know that the frightening quagmire of debt in which (more…)

Read Full Post »

Image result for nigeria tanksNigeria: Armsgate – How Dasuki Paid Friends N5.6 Billion for 22 Tanks
Daily Trust (Abuja), by John Chuks Azu, 8 March 2017

A prosecution witness yesterday narrated how former National Security Adviser (NSA), retired Col. Sambo Dasuki, paid N5.6billion to companies owned by his friends to purchase 22 military tanks.

The witness, Hassan Saidu, an operative of the Economic and Financial Crimes Commission (EFCC), was testifying in the trial of Col. Nicholas Ashinze, a former aide to Dasuki; Wolfgang Reinl, the General Manager of Geonel Integrated Services Ltd, Barrister Edidiong Ediong and Sagir Mohammed.

Other companies arraigned are: Unity Continental Nigeria Ltd, Helpline Organisation, Vibrant Resources Ltd and Sologic Integrated Services Ltd. EFCC claimed that younger brother to the former NSA, Abubakar Ibrahim Dasuki, retired Col. Bello Fadile and Bello Abayomi are still at large. (more…)

Read Full Post »

Image result for amina mohammedAmina J. Mohammed

Amina J. Mohammed is the current Deputy Secretary-General of the United Nations, and former Minister of Environment of Nigeria.

Details
5th Deputy Secretary-General of the United Nations
Assumed office on 1 January 2017
Secretary-General António Guterres
Preceded by Jan Eliasson
Minister of Environment, in office: 11 November 2015 – 15 December 2016
President Muhammadu Buhari
Preceded by Lawrencia Laraba-Mallam
Succeeded by Ibrahim Usman Jibril (Minister of State)

Early life and family
Amina Mohammed was born on 27 June 1961 in Gombe State, North Eastern part of Nigeria. Her (more…)

Read Full Post »

Image result for ai face recognitionBin Laden’s Magic Carpet – Secret U.S. PROMIS Software
by Michael C. Ruppert, 2001

FBI/Justice Claims of Discontinued Use Leave Questions Unanswered
Britain and Germany in the Lurch?
Did bin Laden Use It To Break White House Codes And Threaten Air Force One?

An October 16 FOX News report by correspondent Carl Cameron indicating that convicted spy, former FBI Agent Robert Hanssen, had provided a highly secret computer software program called Promis to Russian organized crime figures – who in turn reportedly sold it to Osama bin Laden – may signal a potential intelligence disaster for the United States. Admissions by the FBI and Justice in the FOX story that they have discontinued use of the software are most certainly a legal disaster for a government that has been engaged in a 16-year battle with the software’s creator, William Hamilton, CEO of the Inslaw Corporation. Over those 16 years, in response to lawsuits filed by Hamilton charging that the government had stolen the software from Inslaw, the FBI, the CIA and the Department of Justice have denied, in court and under oath, ever using the software. (more…)

Read Full Post »

Older Posts »