Immer deutlicher sichtbar: Obama „dreht durch“
Budapest weist IWF zurück
Hungary Tells the IMF to Get Lost
Kesha Rogers Mounts in Polls
Russia Funds Ambitious New Cosmodrome
Obamas Popularität sinkt weiter, die Entscheidung rückt näher
Elite Russian Magazine Features LaRouche's 1995 Speech to Duma
Obama in the Bunker as Cities and States Collapse
"Strategy of Tension" in Italy Was Made in London
EU-Rettungsaktionen sind verfassungswidrig - die Bürger müssen mobilisieren
Der nächste Schritt: Wiederaufbau der Realwirtschaft
oder
Vierzig Jahre neoliberale Wirtschaft gescheitert -
Jetzt ein Neues Bretton Woods!
Mit Leseprobe:
Vorwort
von Helga Zepp-LaRouche
Volksentscheid über den EU-Vertrag!
New Deal statt Diktatur
für USA und Europa
Wirtschaftswunder statt Heuschreckendiktatur.
Die Eurasische Landbrücke wird Realität
1974 von Lyndon LaRouche gegrundet und wöchentlich in Washington, D.C. herausgegeben
Internetradio
(in englischer Sprache):
immer Samstags
um 21:00 Uhr (MEZ)
Emails from late 2008 between the insurance giant AIG and the Federal Reserve Bank of New York may well make U.S. Treasury Secretary Timothy Geithner the first member of the Obama cabinet to fall. The incriminating emails, obtained by ranking member of the House Oversight and Government Reform Committee, Representative Darrell Issa, show that the New York Fed, which was headed at the time by the same Timothy Geithner, told the bankrupt company to withhold details from the public about the AIG's payments to different banks – which was a clear violation of the law.
The huge Wall Street/London insurance company, with multiple links to Goldman Sachs, has been "bailed out" with at least $180 billion of taxpayers' money since that time. In fact, the terms of the mega-bailout package have been rewritten four times to the advantage of AIG, which is also heavily linked to HMOs (health care insurers) through its reinsurance activities.
Among other things, the emails reveal that AIG said in a draft of a regulatory filing, that it paid banks and non-banks, including Goldman Sachs, 100 cents on the dollar for the credit-default swaps they bought from the firm. The New York Fed crossed out that reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008. Such AIG payments amounted to a total of $100 billion, and the bank that benefitted the most was... Goldman Sachs, with 12 billion dollars paid.
Paying 100% of the face-value on those credit-default swaps was far more than the counterparties would have received from a cash-strapped AIG, but the New York Fed demanded it be paid, and supplied the money to do so, while keeping the identities of the beneficiaries secret.
In a March 2009 disclosure, AIG stated it had made more than $27 billion in payments, but without identifying the securities tied to the swaps or listing the value of individual purchases by each bank. The New York Fed suggested, in the mails, that the company refrain in a filing from mentioning so-called synthetic collateralized debt obligations, which bundled derivative contracts rather than actual loans.
Lyndon LaRouche immediately called for the entire AIG and HMO apparatus to be put into bankruptcy, and the money returned to the taxpayers. He also supported former New York Governor Eliot Spitzer's called for the release of all AIG emails and documents for the past ten years, and of all all emails and documents of the New York Federal Reserve relevant to the AIG case.
On Jan. 12, House Oversight and Government Reform Chairman Edolphus Towns, a Democrat from New York State, issued a supoena upon the N.Y. Federal Reserve, requiring it to produce for Congress documents related to the AIG bailout swindle, in order to "shed light on how and why taxpayer dollars were used for a backdoor bailout."
Towns did so, after Special Inspector General for the TARP bailout Neil Barofsky informed Rep. Darrell Issa that to his regret, "the Federal Reserve has directed us not to provide you with the documents that it has provided to us," relating to the bailout!
"What's wrong with the system, that the New York Fed can hand out your tax dollars in these quantities and not think its particularly important to make sure it's the right amount?" Rep. Issa asked in a Bloomberg Television interview. "I think the American people deserve somebody's head on a platter."
That head may well belong to Tim Geithner. Calls for his removal are going "viral" on the Internet, while Treasury officials stonewall as to whether he and NY Fed legal counsel Thomas Baxter will show up for the Oversight Subcommittee hearings scheduled for next Monday, Jan 18.
Immer deutlicher sichtbar: Obama „dreht durch“
US-Präsident Barack Obama, der schon immer eine anfällige, narzißtische Persönlichkeit war, dreht nun offenbar psychologisch durch. Er und sein engster Kreis brüsten sich zwar mit seinen „erfolgreiche... [weiter]
Budapest weist IWF zurück
Am 22.7. stimmte das ungarische Parlament mit überwältigender Mehrheit von 301:12 Stimmen (bei 386 Mitgliedern) für das Gesetzespaket von Ministerpräsident Viktor Orban für eine „nationale wirtschaftl... [weiter]
Hungary Tells the IMF to Get Lost
On July 22, the 386-member national parliament of Hungary passed the "national economic revolution" package of Prime Minister Viktor Orban with an overwhelming majority of 301 to 12 votes and one abst... [weiter]
Kesha Rogers Mounts in Polls
The first poll numbers released for the Texas Congressional races caused a stir in "official" circles of both parties, including the results for Kesha Rogers, the Democratic Party nominee in the 22nd ... [weiter]
Russia Funds Ambitious New Cosmodrome
While a certain faction of the Russian leadership around Anatoli Chubais clings to the illusion of creating a new nanotechnology and financial services bubble, others are moving ahead to build up the ... [weiter]
Obamas Popularität sinkt weiter, die Entscheidung rückt näher
Nach der Verabschiedung von Präsident Obamas Finanzreform in den USA am 15.7. wurde an der Wallstreet und der Londoner City gefeiert. Auch wenn sich die meisten Europäer noch Illusionen hingeben: Die ... [weiter]
Elite Russian Magazine Features LaRouche's 1995 Speech to Duma
The July 14 issue of the Russian monthly VVP published an article titled, "Endgame for Financial Globalization", written by Alexei Perochinny and other experts in the "Global Adventure" researc... [weiter]
Obama in the Bunker as Cities and States Collapse
With passage of the Obama financial reform bill on July 15, the champagne bottles were uncorked on Wall Street and in the City of London. Contrary to the illusions of most Europeans, the financial com... [weiter]
"Strategy of Tension" in Italy Was Made in London
The "unspeakable truths" of Italian postwar terrorism are presented in a new book by one of Italy's most famous prosecutors, Rosario Priore, and journalist Giovanni Fasanella. Over the past 30 years, ... [weiter]
EU-Rettungsaktionen sind verfassungswidrig -
die Bürger müssen mobilisieren
Am 7.7. stellten die vier „Anti-Euro-Professoren“ Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider und Joachim Starbatty in Berlin in einer Pressekonferenz ihre erweiterte Verfassungskl... [weiter]
The EU Bailout Is Illegal and Unconstitutional!
EIR at Press Conference of Anti-Euro Professors
The four “anti-euro professors” in Germany – Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider, and Joachim Starbatty – held a press conference in Berlin July 7, to announce that they ha... [weiter]
More Action against the Euro: “The Protective Shield from Brussels Will Not Save the Currency Union!”
The five German plaintiffs in the case against the EU bailout at the Constitutional Court — Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider, Dieter Spethmann and Joachim Starbatty — ... [weiter]
EIR Confronts Trichet, Who Defends
Bankers' Law against Constitutional Law
Asked by EIR, at his monthly press conference in Frankfurt, about the Constitutional challenge against the European “financial safety net” filed by the “Four anti-euro professors” in Germany, E... [weiter]
