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lchic
- 07:32pm Jan 23, 2002 EST (#11003
of 11011)
"The Carlyle Group, which is Frank Carlucci, and the Blackstone
Investment Group are virtually one and the same. Two different
names, but they are virtually the same organization," he continues.
"All they do is ride the crest of the waves of various frauds from
country to country. Before the so-called Global Financial Crisis of
1998, Blackstone and Carlyle suddenly opened up an office in
Jakarta. They didn't have an office in Jakarta before because they
were very friendly with President Sukarto. Sukarto gave them all
sort of inside capabilities to short, or sell short, the Indonesian
rupiah which nobody really had the ability to do because the
currency wasn't particularly liquid. They do on a large scale on a
multi-billion dollar scale what Richard Hamil does on a
multi-million dollar scale."
"They actually purchase a security, let's say US Treasury Bonds,
one security with their own money. They then use that security and
hypothecate it ten or twenty times to all different types of
transactions. Now that kind of fraud is not particularly hard to
commit, particularly if you have a trust company under your control
or a trust company that's willing to play ball with you. It isnŐt
that hard to take the same asset and pledge it twenty times."
Because bank officers don't do due diligence or what? I asked.
"You have to understand that the securities don't move anyplace.
They're just pledged. They're usually just held in an account in a
securities firm."
And one bank won't tell another bank that these assets have been
pledged and there's no way of finding it out? I pressed on.
"Not if you got people willing to play ball with you," Al Martin
replies. "The people willing to play ball are the security firms in
the United States which have long-standing relationships with, not
only the CIA, but also this little Eastern Country Club Cabal, as I
call it. The firms that have had longstanding intelligence
activities and illegal relationships with wealthy Republicans would
be undoubtedly Goldman Sachs and Merril Lynch."
You could call them the Insiders' Insider Deals. "Look where
Press Secretary Regan came from," Al Martin points out. "He was the
chairman of Merril Lynch."
THE BUSH FAMILY - HARKEN ENERGY FRAUD
In his online column, "Behind the Scenes of the Beltway,"
(http://www.almartinraw.com), Al Martin has written that "you have
to look at the entire Bush Family in this context -- as if the
entire family ran a corporation called 'Frauds-R-Us.' Each member of
the family, George Sr. , George Jr., Neil, Jeb, Prescott, Wally,
etc., have their own specialty of fraud."
"George Jr.'s specialty was insurance and security fraud. Jeb's
specialty was oil and gas fraud. Neil's specialty was real estate
fraud. Prescott's specialty was banking fraud. Wally's specialty was
securities fraud. And George Bush Sr.'s specialty? All of the
above."
In this context, the infamous Harken Energy Fraud takes on new
meaning as a multi-generational family of fraudsters, using
high-level insider contacts, are able to manipulate stock prices for
their own profiteering.
"Harken was one of those deals that was a combination fraud as
well as a manipulation," says Al Martin. "There's different types of
fraud when you get into securities. When George Jr. was put in
charge of Harken Energy by his father [George Herbert Walker Bush],
he essentially took it down the tubes. You have to realize that
every business that George Jr. has ever had has failed. That's the
man's business record."
Enquiring minds want to know -- was it deliberate? "It was a
deliberate act by the old man, knowing that his son would take it
down the tubes because the son's incompetent," Al Martin replies.
"George Bush, Sr. and James Baker and Senator Tower would heavily
short Harken stock. I have a list of everybody because I was one of
them but to a much smaller extent. Harken stock was trading at 7-3/4
lchic
- 07:35pm Jan 23, 2002 EST (#11004
of 11011)
"George Bush, Sr. and James Baker and Senator Tower would heavily
short Harken stock. I have a list of everybody because I was one of
them but to a much smaller extent. Harken stock was trading at 7-3/4
or 8, when George Jr, was put in charge of it. A year later, the
stock was trading at 1-1/8 bid, 3/8 offer. They pumped the stock
back up through a lot of bogus press releases and by using
essentially worthless leases in Bahrain and essentially worthless
South American oil leases and through sympathetic geologists making
them appear to be really worth something and making it appear that
Harken's about to make a strike when in fact it's all made up. It's
all fictitious. And through carefully crafted broker releases and
broker statements and press releases, you can pump the stock back
up. This has happened sixteen times to my knowledge. Harken would
get pumped back up from the dead, from say a buck, buck and a half,
back to seven, seven and a half, then it would get dumped again.
Originally George Jr. had control of the company. He stayed on the
board." AlMartin/Book
lchic
- 07:52pm Jan 23, 2002 EST (#11005
of 11011)
How does this play?
Taxpayer works, pays tax. Tax allocated to Administration
Who put in orders with Carlyle for MD stuff Meantime
Carlyle are building a bridge to their banker's castle in the air
and pushing dollars upstream Castle-in-the-air banker
re-allocates to fav charities - perhaps a baseball team While
downstream Enronisation is happening Adminstration then turn
to Congress and say
lchic
- 08:10pm Jan 23, 2002 EST (#11006
of 11011)
What to do? What to do? What to do? rshow55
1/23/02 7:02pm
lchic
- 08:28pm Jan 23, 2002 EST (#11007
of 11011)
|Head|Change|Islam|
MARGARET WARNER: So then who is going to bring about what
you've called this war within Islam, not a war against Islam by
the West but a war within Islam, a war for enlightenment or
reform?
MARGARET WARNER: When they say we need you, do they mean we
need you Americans to be part of the force?
THOMAS FRIEDMAN: Absolutely. Everyone wants us. They don't
trust anyone else.
MARGARET WARNER: Not even the Europeans.
THOMAS FRIEDMAN: Not even the Europeans. LOL! Is this
for real? Check the US wallet!
lchic
- 09:03pm Jan 23, 2002 EST (#11008
of 11011)
China is introduing a REGIONAL separation of powers to limit
corruption. A checking system.
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