FarSight..
This has been going on since Russell and I reconnected in 1987..
Putting bits and pieces together from him and his men, this crap went on
when they were putting the Treaties together in 1987 on Nuclear Energy which
the U.S. gave the technology to Iran, Korea, Iraq and other nations..for "clean
energy"..
When Russell was working in OPERATION CHRISTMAS TREE which was
building the SAC BASE in LIBYA.. this (acording to his men in later conversations)
was the 'confidence' getting operation.. the U.S. later attacked LIBYA killing Ghadaffi's
adopted daughter..
Back then no one knew about the CIA supporting the Ayahtollah Kohmenih and hiding
him in Greece..so he could go back and overthrow the SHAH OF IRAN'S Government
as the SHAH was secretly kept at the HACIENDA IN MEXICO under 'guard' by SPECIAL
OPS..
There is far more to all of this than we are aware of.. and this all ties in with the
COUNTERFEIT Collateralized (UD) Debt Obligations which these individuals
kidnapped, tortured, raped and ultimately murdered Russell Herman over, then
did an IDENTITY THEFT on our Corporation along with the Feds Corporations i.e.,
the Depository Trust Co., Inter-American Development Bank, Inter-American Investment
Corporation creating this current FINANCIAL TERRORISM operation ..along with
STOCK MARKET chaos using different Corporations hiding those Corporations under
a HUGHES UMBRELLA type operation such as contained in this U.S. SECURITY
EXCHANGE COMMISSION release http://www.sec.gov/litigation/litreleases/2008/1r20519.htm
(if that does not open try) http://www.sec.gov/litigation/litreleases/2008/1r20519.htm which is
connected to the 'hip' with the Fed probing BlackRock's role in JP Morgan-Bear Sterns deal
contained in this article from FINANCIAL NEW U.S., when read makes one wonder which
SHELL THE PEA is being hidden under on these "FINANCIAL DEALS".. which all originated
with IRAN's intentions of getting her FROZEN & CONFISCATED ASSETS which were
CONFISCATED BY THE U.S. BACK IN THE 1980'S.
Keyword search
Securities & investment banking
www.financialnews-us.com
Apr 08 2008, 14:38 EST
Your Comments
Home
Comment
People Moves
Press Digest
Features
Trading & Technology
Search for Jobs
Advertise
Financial News Events
Training & Conferences
About Us
Search
Fed probed about BlackRock's role in JP Morgan-Bear Stearns deal Cardiff de Alejo Garcia
08 Apr 2008 updated at 16:05
The chairman of a US Congressional oversight committee is pressing the New York branch of the Federal Reserve to disclose further details of its arrangement with BlackRock to manage $30bn (€19bn) in assets on its behalf as part of JP Morgan’s purchase of Bear Stearns.
Related Stories
Fed appointment proves value of relationships 04 Apr 2008
Bear Stearns had one-day liquidity loss of more than $10bn 03 Apr 2008
BlackRock proves its credentials 31 Mar 2008 Henry Waxman, chairman of the US House of Representatives committee on oversight and government reform, in a letter asked the New York Fed to provide all documents related to the arrangement.
Waxman also asked whether the arrangement allows the Fed to solicit bids from competing portfolio managers, and if not, to “explain why this is in the interest of the taxpayer.”
In addition, Waxman requested a list of names of BlackRock employees who will be responsible for managing the portfolio, any potential conflicts of interest and the Fed’s plans to oversee the management of the portfolio.
In a complex arrangement needed to assure that JP Morgan’s purchase of Bear Stearns would be successful, the Fed agreed to take a $30bn portfolio of assets off Bear’s balance sheet.
JP Morgan will accept the first $1bn of losses on the portfolio and pay the Fed a low rate of interest for 10 years on the other $29bn. The Fed will keep any gains it makes on liquidation of the assets, and hired BlackRock to manage the portfolio.
Last week, the Fed revealed that the portfolio consisted mostly of mortgage-related securities, but did not specify the terms of its arrangement with BlackRock. Fed chairman Ben Bernanke said it was would be negotiated later.
Waxman wrote in the letter that he understood the selection of BlackRock was made under difficult time constraints, but indicated that a lack of competition and uncertainty regarding the terms of the arrangement could put taxpayers at risk.
He added that his goal was to ensure that his committee “receives the information it needs to fulfill its oversight responsibilities,” and requested that the Fed respond by April 18.
Spokesmen for the New York Fed and BlackRock declined to comment. A spokeswoman for the oversight committee did not return phone calls seeking comment.
Bear Stearns and JP Morgan Chase today completed the share exchange announced as part of their deal. JP Morgan Chase has purchased 39.5% of Bear Stearns stock, 95 million newly issued shares, in exchange for 20.7 million JP Morgan Chase shares.
Fed probed about BlackRock's role in JP Morgan-Bear Stearns deal Cardiff de Alejo Garcia
08 Apr 2008 updated at 16:05
V.K.D.
Serving Freedom
and Liberty
