Inter Press Service (IPS), Jan 19, 2009 –
U.S. Senators at Timothy Geithner’s confirmation hearing for Treasury Secretary Wednesday may want to ask him about a failure to act that is costing the U.S. a lot more than the amount he evaded on taxes.
The Federal Reserve Bank of New York, which he has led since 2003, conducts the operations on Wall Street of the Federal Reserve in Washington, the country’s central bank.
The New York Fed under Geithner’s presidency has failed to stop massive naked short selling of U.S. Treasury bonds that threatens the stability of the market and sale of the bonds.
Ironically, the scam, enabled by a lack of regulation at the behest of Wall Street brokerage houses, makes it more expensive for the U.S. to bail out those same financial institutions.
Inter Press Service (IPS), Dec 5, 2007
There is irony in the recent announcement by Peru’s President Alan García that he would publish the names of 1,800 “freed terrorists”, so that people might recognise and report them if they were participating in anti-state conspiracies. His list includes people imprisoned on false charges or never convicted or sentenced.
One name that is not on the list is that of Alan García. However, according to a declassified U.S. government document, García, during his first administration from 1985-1990, gave instructions to terror squads organised by his political party to assassinate suspected leftists. Victims included trade unionists and other civil society leaders.
This writer discovered the document, and it was declassified at her request. It is posted following the full article.
Inter Press Service (IPS), Dec 29, 2006
Investigators find evidence that Siemens (German electronics & engineering firm), Total (French oil company), and BAE (British arms conglomerate) paid multi-millions of dollars in bribes through bank accounts in Switzerland and other offshore centers.
France and the UK argue “national security” to block inquiries. Concern is more likely the “security” of top officials who got kickbacks.
Spain’s discovery that funding for Basque terrorist group ETA goes through tax havens is dramatic proof that “national security” lies not in protecting but in dismantling the global offshore secrecy network.
Inter Press Service (IPS), Oct 26, 2006
The U.S. Justice Department is withholding agreement to share assets seized from Haitian drug traffickers to finance a lawsuit by the Haitian government charging former President Jean-Bertrand Aristide with taking bribes.
The suit is based on allegations by a former executive of the telecom company IDT that before Aristide left the country in 2004, he took hundreds of thousands of dollars in kickbacks from IDT, which is connected to prominent U.S. Republicans.
Sept 18, 2006
Is top Justice official protecting a former client accused of bribery?
The Justice Department’s Criminal Division, headed by a Bush political appointee who gave legal advice to a company accused of bribing Haiti’s former president, is blocking an agreement to share seized Haitian drug money that would help Haiti pursue the bribery case in U.S. courts. The accused company is run by a former Republican congressman.
The Criminal Division chief, Alice Fisher, formerly a registered lobbyist for HCA, the healthcare company founded by the father of Republican Senate Majority Leader Bill Frist, is a recess appointee. Her approval was blocked by Senators concerned about her qualifications and about her participation in a government meeting on abusive interrogations at the U.S. military prison camp at Guantanamo.
Aug 30, 2006 [Part 2]
When Andrew Cuomo became HUD Secretary in 1997, he axed a federal program that had saved the US $2.2 billion between 1994 and 1997 and reinstituted a system that lost the government money while earning billions for favored friends.
He used the power of his office to target a former HUD official who had assisted his predecessor in operating the successful program. A HUD legal vendetta destroyed the official’s company before the Justice Department finally admitted there was no case and dropped it.
Now he is running for Attorney General of New York State.
By Lucy Komisar
Aug 22, 2006 [Part 1]
When Andrew Cuomo became HUD Secretary in 1997, he reversed the policy of selling defaulted mortgages so that families could keep their homes. Instead, he chose to foreclose on mortgages, which meant that families lost their homes and insiders cleaned up on fire-sale priced properties. The program he axed had saved the U.S. $2.2 billion between 1994 and 1997. Cuomo fired the former HUD official whose company designed the program.
That wasn’t the only money big money lost under Cuomo. HUD reported at the time that $59 billion was missing! It couldn’t say where the money went, because it failed to produce audited financial statements.
AlterNet, Oct 22, 2004
As a senator, John Kerry was a tenacious investigator and exposed BCCI, an international criminal bank, and its murderous clients. The experience should serve him well in dealing with the international threats we face today.
One gets an eerie sense of déjà vu watching John Kerry battle the Bush clan. He’s done it once before, against the old man, President Bush’s father, though many voters have probably forgotten. That battle involved the first Bush administration’s attempt to put the lid on an investigation that connected a worldwide criminal bank to narco-traffickers, terrorists, and to Middle East money men who helped the Bush family make piles of cash. Those links connect to people now on the U.S. post-9/11 terrorist list.