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Posts Tagged ‘Corporate Government’

Walgreen's - New uses for failed banks - Pictures - CBS NewsList of banks acquired or bankrupted during the Great Recession

This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were:

  • taken over or merged with another financial institution;
  • nationalised by a government or central bank; or
  • declared insolvent or liquidated.

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WAR IRAQ VS KWAITManaging the Crisis: The FDIC and RTC Experience
Chronological Overview: Chapter Fourteen—1991

[The] Bank Insurance Fund (BIF) dropped below zero to a negative $7 billion. On April 30, 1991, the FDIC issued a regulation raising the deposit insurance assessment rate from 19.5 cents to 23 cents per $100 in assessable deposits. That increase in assessment revenue was designed to help offset BIF losses, which had been outpacing revenue since 1984.

Economic/Banking Conditions

While the U.S. was still involved in the Persian Gulf War, the U.S. economy had negative growth in 1991 with Gross Domestic Product down 0.97 percent.14-1 Employment growth also was negative at -2.1 percent. The unemployment rate continued to rise with a substantial increase to 6.8 percent, up from 5.6 percent a year earlier.14-2 The discount rate decreased by more than one and a half points to 5.5 percent, and the 30-year mortgage rate fell to 9.3 percent.14-3 Inflation also was down slightly at 4 percent.14-4 Home sales and housing starts remained steady while the office vacancy rate continued to rise and was at 18.9 percent.14-5 Total real estate loans in the U.S. continued to increase to 26 percent of assets, as did commercial real estate loans, rising to 7.3 percent.

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Clipart - Cobalt Ornate Dharma WheelThe Invisible Government
From Modern History Project “A little learning is a dangerous thing”

5. Business Advisory Council
Aligning business interests and government policy

The Business Advisory Council (1933-61)

Whereas the Foreign Policy Association-World Affairs Center is primarily interested in fostering the foreign policy desired by the CFR, and the Committee for Economic Development is primarily interested in formulating economic and other policies which, through governmental controls, will lead us into total socialism — another, smaller (but, in some ways, more powerful) organization has (or, until mid-1961, had) the primary responsibility of infiltrating government: of selecting men whom the CFR wants in particular jobs, and of formulating, inside the agencies of government, policies which the CFR wants. This small but mighty organization was the Business Advisory Council.

Daniel C. Roper, F. D. Roosevelt’s Secretary of Commerce, formed the Business Advisory Council on June 26, 1933. (more…)

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The Invisible Government
From Modern History Project “A little learning is a dangerous thing”

The Council on Foreign Relations and the plans for a one-world Socialist dictatorship
By Dan Smoot, 1962

11. Interlocking Untouchables
The CFR interlock with the tax-exempt Foundations

The Cox and Reece Committees (1951-54)

Members of Congress are not unaware of the far-reaching power of the tax-exempt private organization — the CFR — but the power of the Council is somewhat indicated by the fact that no committee of Congress has yet been powerful enough to investigate it or the foundations with which it has interlocking connections and from which it receives its support.

On August 1, 1951, Congressman E. E. Cox (Democrat, Georgia) introduced a resolution in the House asking for a Committee to conduct a thorough investigation of tax-exempt foundations. Congressman Cox said that some of the great foundations “had operated in the field of social reform and international relations (and) many have brought down on themselves harsh and just condemnation.” (more…)

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North Korea Seen Practicing Evasion Tactics with March ... (more…)

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Foundation for Defense of Democracies

The Foundation for Defense of Democracies (FDD) is a neoconservative think tank based in Washington, D.C., which was founded two days after the September 11th attack in 2001.[1][2] In its own words, it “uniquely combines policy research, democracy training, strategic communications, and investigative journalism. We focus our efforts where opinions are formed and, ultimately, where the war of ideas will be won or lost: in the media, on college campuses, and in the policy community, at home and abroad.”[3]

In 2004, FDD reincarnated the Cold War relic Committee on the Present Danger in support of the so-called ‘war on terror’. George W. Bush used FDD as a platform for the launch of his National Security Strategy 2006[4].

Selling the Iraq War  (more…)

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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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