Official: Gary Gensler

Official, People

Gary Gensler  (born October 18, 1957) is an American academic, former investment banker, and former government official. Gensler leads the Biden–Harris transition’s Federal Reserve, Banking and Securities Regulators agency review team. He is also a professor at the MIT Sloan School of Management.

Gensler previously served as the 11th chairman of the Commodity Futures Trading Commission, under President Barack Obama, from May 26, 2009 to January 3, 2014. He was the Under Secretary of the Treasury for Domestic Finance (1999–2001), and the Assistant Secretary of the Treasury for Financial Markets (1997–1999). Prior to his career in the federal government, Gensler worked at Goldman Sachs, where he was a partner and co-head of finance. Gensler also served as the CFO for the Hillary Clinton 2016 presidential campaign. Continue reading “Official: Gary Gensler”

Senator: Richard Blumenthal

People, Senator

Richard Blumenthal  (/ˈbluːmənθɔːl/; born February 13, 1946) is an American attorney and politician currently serving as the senior United States Senator from Connecticut, a seat to which he was first elected in 2010. A member of the Democratic Party, he is ranked as one of the wealthiest members of the Senate, with a net worth of over $100 million. Previously, he served as Attorney General of Connecticut from 1991 to 2011.

Born in Brooklyn, New York, Blumenthal attended Riverdale Country School, a private school in the Bronx. He graduated from Harvard College, where he was editorial chairman of The Harvard Crimson. He studied for a year at Trinity College, Cambridge, in England before attending Yale Law School, where he was editor-in-chief of the Yale Law Journal. While at Yale, he was a classmate of Bill and Hillary Clinton. From 1970 to 1976, Blumenthal served in the United States Marine Corps Reserve, where he attained the rank of sergeant. Continue reading “Senator: Richard Blumenthal”

Official: Mary Schapiro

Official, People

Mary Lovelace Schapiro  (born June 19, 1955) served as the 29th Chair of the U.S. Securities and Exchange Commission (SEC). She was appointed by President Barack Obama, unanimously confirmed by the U.S. Senate, and assumed the Chairship on January 27, 2009. She is the first woman to be the permanent Chair of the SEC.

In 2009, Forbes ranked her the 56th most powerful woman in the world.[4] Continue reading “Official: Mary Schapiro”

Official: Bill Clinton

Official

William Jefferson Clinton ( Blythe III; born August 19, 1946) is an American lawyer and politician who served as the 42nd president of the United States from 1993 to 2001. Prior to his presidency, he served as governor of Arkansas (1979–1981 and 1983–1992) and as attorney general of Arkansas (1977–1979). A member of the Democratic Party, Clinton was known as a New Democrat, and many of his policies reflected a centrist “Third Way” political philosophy. He is the husband of former secretary of state, former U.S. senator, and two-time candidate for president Hillary Clinton.

Full Biography

Article: How to Break the Kneecaps of Wall Street Sociopaths Before It’s too Late: Ferdinand Pecora Revisited

Uncategorized

How to Break the Kneecaps of Wall Street Sociopaths Before It’s too Late: Ferdinand Pecora Revisited

Matt Ehret, SubStack, 18 February 2021

If America and the western order is to somehow find its moral fitness to survive and if a world war is to be avoided in the coming near-term future, then certain fundamental banking reforms will be needed. Among the most important of these reforms will be a breaking up of banking activities into two categories under a renewal of the Glass-Steagall bank reform which was repealed by Bill Clinton in 1999. These two categories would include: 1) speculative trash and illegitimate usury which must be “deleted” under a debt jubilee and 2) legitimate savings and other useful commercial banking activities tied to “real” values without which society couldn’t sustain itself.

Faced with these revelations, The Nation magazine famously reported “If you steal $25, you’re a thief. If you steal $250 000, you’re an embezzler. If you steal $2.5 million, you’re a financier.”

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Comment: The House of Morgan was a British operation. The UK is the main enemy of the USA.  Rothschilds/Israel/Vatican as well. Time everyone got this.

Subject: Daniel K. Tarullo

Subject of Interest

Daniel K. Tarullo took office as a member of the Board of Governors of the Federal Reserve System on January 28, 2009, to fill an unexpired term ending January 31, 2022. He resigned on April 5, 2017. Before his appointment, Tarullo was professor of law at Georgetown University Law Center. Before joining the Georgetown law faculty, Tarullo held several senior positions in the Clinton administration. From 1993 to 1998, Tarullo served as assistant secretary of state for economic and business affairs, deputy assistant to the president for economic policy, and assistant to the president for international economic policy. He also served as a principal on both the National Economic Council and the National Security Council. From 1995 to 1998, Tarullo was President Bill Clinton’s personal representative to the G7/G8 group of industrialized nations. Tarullo graduated from Georgetown University (BA) and from Duke University (MA). Tarullo received his law degree (summa cum laude) from the University of Michigan Law School.

Biography

Board of Governors of the Federal Reserve System

Subject: Robert Edward Rubin

Subject of Interest

Robert Edward Rubin is an American retired banking executive, lawyer, and former cabinet member. He served as the 70th United States Secretary of the Treasury during the Clinton administration. Before his government service, he spent 26 years at Goldman Sachs. During the Clinton administration, Rubin oversaw the loosening of financial industry underwriting guidelines. His most post-government role was as director and senior counselor of Citigroup, where he performed advisory and representational roles for the firm and resigned from the company on January 9, 2009. He received more than $126 million in cash and stock during his tenure at Citigroup, up through and including Citigroup’s bailout by the U.S. Treasury. Additionally, Rubin serves as counselor at Centerview Partners, an investment banking advisory firm based in New York City.

Biography

Federal Reserve Bank of New York

Subject: Timothy Geithner

Subject of Interest

Timothy Franz Geithner is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama, from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City.  At the New York Fed, Geithner helped manage crises involving Bear Stearns, Lehman Brothers, and the American International Group. Geithner graduated from Dartmouth College (BA) and Johns Hopkins University (MA).

Biography

Federal Reserve Bank of New York

Subject: Lael Brainard

Subject of Interest

Lael Brainard took office as a member of the Board of Governors of the Federal Reserve System on June 16, 2014, to fill an unexpired term ending January 31, 2026. Prior to her appointment to the Board, Dr. Brainard served as Under Secretary of the U.S. Department of the Treasury from 2010 to 2013 and counselor to the Secretary of the Treasury in 2009. During this time, she was the U.S. representative to the G-20 Finance Deputies and G-7 Deputies and was a member of the Financial Stability Board. From 2001 to 2008, Dr. Brainard was vice president and the founding director of the Global Economy and Development Program and held the Bernard L. Schwartz Chair at the Brookings Institution. She served as the deputy national economic adviser and deputy assistant to President Clinton. She also served as President Clinton’s personal representative to the G-7/G-8. Previously, Dr. Brainard worked in management consulting at McKinsey & Company. She received a BA from Wesleyan University in 1983. She received an MS and a PhD in economics in 1989 from Harvard University.

Biography

Board of Governors of the Federal Reserve System

Subject: Glenn H. Hutchins

Subject of Interest

Glenn H. Hutchins is a member of the board of directors at the Federal Reserve Bank of New York. He is chairman of North Island and a co-founder of Silver Lake. He is a director of AT&T and of Virtu Financial, co-chairman of the Brookings Institution and CARE, and the Obama Foundation. He is also a member of the Investment Board of Singapore’s Government Investment Corporation. Previously, Hutchins served President Clinton in both the transition and the White House as a special advisor on economic and health-care policy.  He was also previously chairman of the board of SunGard Data Systems, Inc. and Instinet, Inc. and a director of Nasdaq, Inc.  He was also a director of Harvard Management Company and co-chairman of Harvard University’s capital campaign. Hutchins holds an A.B. from Harvard College, an M.B.A. from Harvard Business School, and a J.D. from Harvard Law School.

Biography

Federal Reserve Bank of New York

Article: Trump’s Top Targets in the Russia Probe Are Experts in Organized Crime

Article - Media, Publications

Trump’s Top Targets in the Russia Probe Are Experts in Organized Crime

Some of President Trump’s favorite targets in the Russia probe have spent their careers in the Justice Department and the FBI investigating organized crime and money laundering, particularly as they pertain to Russia.

Bruce Ohr. Lisa Page. Andrew Weissmann. Andrew McCabe. President Donald Trump has relentlessly attacked these FBI and Justice Department officials as dishonest “Democrats” engaged in a partisan “witch hunt” led by the special counsel determined to tie his campaign to Russia.

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Article: Naked Gold Shorts: The Hows and Whys of Gold Price Manipulation

Article - Media

Naked Gold Shorts: The Hows and Whys of Gold Price Manipulation

Commodity Trade Mantra, 20 January 2014

The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order to support through the policy of Quantitative Easing the prices of financial instruments on the banks’ balance sheets and in order to finance at low interest rates trillion dollar federal budget deficits associated with the long recession caused by the financial crisis.

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Article: Wall Street’s Big Win

Article - Media

Wall Street’s Big Win

Matt Taibbi

Rolling Stone, 4 August 2010

Cue the credits: the era of financial thuggery is officially over. Three hellish years of panic, all done and gone – the mass bankruptcies, midnight bailouts, shotgun mergers of dying megabanks, high-stakes SEC investigations, all capped by a legislative orgy in which industry lobbyists hurled more than $600 million at Congress. It all supposedly came to an end one Wednesday morning a few weeks back, when President Obama, flanked by hundreds of party flacks and congressional bigwigs, stepped up to the lectern at an extravagant ceremony to sign into law his sweeping new bill to clean up Wall Street.

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Article: Bernard Madoff, the Mafia, and Naked Short Selling

Article - Media

Bernard Madoff, the Mafia, and Naked Short Selling

Mark Mitchell

DeepCapture, 19 January 2009

Bernard L. Madoff was once the chairman of the NASDAQ stock exchange. He was one of the most important market makers on Wall Street. And he managed what was, by some estimates, the largest hedge fund on the planet.

Yes, Bernard Madoff was an impressive man. That much was clear even before we learned that his $50 billion Ponzi scheme may have been orchestrated in cahoots with the most powerful, sophisticated, and indiscriminately murderous organized crime syndicate the world has ever known.

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Article: Calling Out the Culprits Who Caused the Crisis

Article - Media

Calling Out the Culprits Who Caused the Crisis

Eric D. Hovde

Washington Post via Wayback, 21 September 2008

Looking for someone to blame for the shambles in U.S. financial markets? As someone who owns both an investment bank and commercial banks, and also runs a hedge fund, I have sat front and center and watched as this mess unfolded. And in my view, there’s no need to look beyond Wall Street — and the halls of power in Washington. The former has created the nightmare by chasing obscene profits, and the latter have allowed it to spread by not practicing the oversight that is the federal government’s responsibility.

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