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Posts Tagged ‘Corporate Government’

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…)

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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…)

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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…)

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Image result for chavez oilCRUDE TALK: US & VENEZUELA DANCE “THE JOROPO”

After several failed efforts to unseat Venezuela’s popular President Hugo Chavez, the fuel sector of corporate America is getting nervous. Venezuela is growing in prosperity, relying on its own mineral resources and technological patents to build new wealth. Chavez is exactly the kind of indigenous national leader whom American power can’t tolerate.

Arbenz, Mossadegh, Allende, and the other names on that too-familiar list were deposed for the crime of using their countries’ own resources to enrich the general population. More recently, Aristide moved a few inches in that direction and found himself miles from home. Even as Venezuela consolidates its position on the global oil chessboard, American law-and-order rhetoric is less and less credible.

The old script goes like this: U.S. corporations expropriate third world wealth; a democratic leader then nationalizes that wealth; the US then cries “property rights!” and invades said country in the name of international law. But Iraq is tearing that script to shreds at every point, and the Venezuela story is unfolding in what may prove to be a new narrative for the world — or a particularly bitter replay of the old one. –JAH (more…)

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South Africa: FW De Klerk & Friends to Government – Stop Creating Bogeymen and Start Addressing Real Issues
By REBECCA DAVIS, Feb. 2017

It’s 27 years this week since FW de Klerk announced the unbanning of the ANC, but South Africa’s last apartheid president isn’t done talking yet. At the annual conference of his foundation in Cape Town, De Klerk did not mince his words when describing his fears for the white population of the country. Economist Moeletsi Mbeki urged the government to stop scapegoating and to abandon a posture of “victimhood”. Pepkor billionaire Christo Wiese, meanwhile, expressed a need for a business-friendly environment.

FW de Klerk has made no secret of his differences with South Africa’s current government in recent years, but on Thursday he delivered perhaps his harshest condemnation to date. In front of a well-heeled, majority white audience in Cape Town – including the likes of South Africa’s richest woman Wendy Appelbaum and (more…)

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Image result for corrupt bankFrom The Mammoth Book of COVER-UPS
Jon E. Lewis with Emma Daffern

BCCI (Bank of Commerce and Credit International)

Whoever controls the volume of money in any country is absolute master of all industry and commerce. — President James Garfield

It used to be called usury. These days it’s called “charging interest on loans” and is the raison d’être of those ubiquitous institutions, banks. Since the 17th century banks have loaned money to nations and companies as well as to individuals, and accordingly they have been charged with manipulation of national and international affairs. According to the True Conspiracies website the following, among other sins, can be laid at the reinforced doors of “the banks” (punctuation, spelling, capitalization, etc., sic):
– Boom and bust cycles along with the depressions, stock market crashes and wars are deliberately caused to make people lose money to the conspirators. They also weaken the people and tame governments into accepting the conspirators’ solutions. (more…)

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