[Conspiracy-Theory] Spitz Taken down by Bush/Mossad?$200bil.bail-out 4predator banks &Spitzer charges intimately linked,Spitzer taken down by Mossad?
bail-out 4predator banks &Spitzer charges intimately linked
sub prime spitzer and 911 insurance fraud
Spitzer Taken Down
Spitzer Was Silenced
Spitzer Said To Have Used Hookers For 10 Yrs
Spitzer A Favorite Son Of The Tribe
Spitzer & The Bush Bankers
Eliot's Mess
The $200 billion bail-out for predator banks and Spitzer charges are intimately linked
By Greg Palast
Reporting for Air America Radio's Clout
March 14th, 2008
[To hear it, click on the link below
]
While New York Governor Eliot Spitzer was paying an 'escort' $4,300 in a hotel room in Washington, just down the road, George Bush's new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200 billion in a tryst with mortgage bank industry speculators.
Both acts were wanton, wicked and lewd. But there's a BIG difference.
The Governor was using his own checkbook. Bush's man Bernanke was using ours.
This week, Bernanke's Fed, for the first time in its history, loaned a selected coterie of banks one-fifth of a trillion dollars to guarantee these banks' mortgage-backed junk bonds. The deluge of public loot was an eye-popping windfall to the very banking predators who have brought two million families to the brink of foreclosure.
Up until Wednesday, there was one single, lonely politician who stood in the way of this creepy little assignation at the bankers' bordello: Eliot Spitzer.
Who are they kidding? Spitzer's lynching and the bankers' enriching are intimately tied.
How? Follow the money.
The press has swallowed Wall Street's line that millions of US families are about to lose their homes because they bought homes they couldn't afford or took loans too big for their wallets. Ba-LON-ey. That's blaming the victim.
Here's what happened. Since the Bush regime came to power, a new species of loan became the norm, the 'sub-prime' mortgage and its variants including loans with teeny "introductory" interest rates. From out of nowhere, a company called 'Countrywide' became America's top mortgage lender, accounting for one in five home loans, a large chunk of these 'sub-prime.'
Here's how it worked: The Grinning Family, with US average household income, gets a $200,000 mortgage at 4% for two years. Their $955 monthly payment is 25% of their income. No problem. Their banker promises them a new mortgage, again at the cheap rate, in two years. But in two years, the promise ain't worth a can of spam and the Grinnings are told to scram -
because their house is now worth less than the mortgage. Now, the mortgage hits 9% or $1,609 plus fees to recover the "discount" they had for two years.
Suddenly, payments equal 42% to 50% of pre-tax income. The Grinnings move into their Toyota.
Now, what kind of American is 'sub-prime.' Guess. No peeking. Here's a hint: 73% of HIGH INCOME Black and Hispanic borrowers were given sub-prime loans versus 17% of similar-income Whites. Dark-skinned borrowers aren't stupid they had no choice. They were 'steered' as it's called in the mortgage sharking business.
'Steering,' sub-prime loans with usurious kickers, fake inducements to over-borrow, called 'fraudulent conveyance' or 'predatory lending' under US law, were almost completely forbidden in the olden days (Clinton Administration and earlier) by federal regulators and state laws as nothing more than fancy loan-sharking.
But when the Bush regime took over, Countrywide and its banking brethren were told to party hearty it was OK now to steer'm, fake'm, charge'm and take'm.
But there was this annoying party-pooper. The Attorney General of New York, Eliot Spitzer, who sued these guys to a fare-thee-well. Or tried to.
Instead of regulating the banks that had run amok, Bush's regulators went on the warpath against Spitzer and states attempting to stop predatory practices. Making an unprecedented use of the legal power of "federal pre-emption," Bush-bots ordered the states to NOT enforce their consumer protection laws.
Indeed, the feds actually filed a lawsuit to block Spitzer's investigation of ugly racial mortgage steering. Bush's banking buddies were especially steamed that Spitzer hammered bank practices across the nation using New York State laws.
Spitzer not only took on Countrywide, he took on their predatory enablers in the investment banking community. Behind Countrywide was the Mother Shark, its funder and now owner, Bank of America. Others joined the sharkfest: Goldman Sachs, Merrill Lynch and Citigroup's Citibank made mortgage usury their major profit centers. They did this through a bit of financial legerdemain called "securitization."
What that means is that they took a bunch of junk mortgages, like the Grinning's, loans about to go down the toilet and re-packaged them into "tranches" of bonds which were stamped "AAA" -
top grade - by bond rating agencies. These gold-painted turds were sold as sparkling safe investments to US school district pension funds and town governments in Finland (really).
When the housing bubble burst and the paint flaked off, investors were left with the poop and the bankers were left with bonuses. Countrywide's top man, Angelo Mozilo, will 'earn' a $77 million buy-out bonus this year on top of the $656 million - over half a billion dollars he pulled in from 1998 through 2007.
But there were rumblings that the party would soon be over. Angry regulators, burned investors and the weight of millions of homes about to be boarded up were causing the sharks to sink. Countrywide's stock was down 50%, and Citigroup was off 38%, not pleasing to the Gulf sheiks who now control its biggest share blocks.
Then, on Wednesday of this week, the unthinkable happened. Carlyle Capital went bankrupt. Who? That's Carlyle as in Carlyle Group. James Baker, Senior Counsel. Notable partners, former and past: George Bush, the Bin Laden family and more dictators, potentates, pirates and presidents than you can count.
The Fed had to act. Bernanke opened the vault and dumped $200 billion on the poor little suffering bankers. They got the public treasure
and got to keep the Grinning's house. There was no 'quid' of a foreclosure moratorium for the 'pro quo' of public bailout. Not one family was saved but not one banker was left behind.
Every mortgage sharking operation shot up in value. Mozilo's Countrywide stock rose 17% in one day. The Citi sheiks saw their company's stock rise $10 billion in an afternoon.
And that very same day the bail-out was decided what a coinkydink!
the man called, 'The Sheriff of Wall Street' was cuffed. Spitzer was silenced.
Do I believe the banks called Justice and said, "Take him down today!" Naw, that's not how the system works. But the big players knew that unless Spitzer was taken out, he would create enough ruckus to spoil the party. Headlines in the financial press one was "Wall Street Declares War on Spitzer" -
made clear to Bush's enforcers at Justice who their number one target should be. And it wasn't Bin Laden.
It was the night of February 13 when Spitzer made the bone-headed choice to order take-out in his Washington Hotel room. He had just finished signing these words for the Washington Post about predatory loans:
"Not only did the Bush administration do nothing to protect consumers, it embarked on an aggressive and unprecedented campaign to prevent states from protecting their residents from the very problems to which the federal government was turning a blind eye."
Bush, Spitzer said right in the headline, was the "Predator Lenders' Partner in Crime." The President, said Spitzer, was a fugitive from justice. And Spitzer was in Washington to launch a campaign to take on the Bush regime and the biggest financial powers on the planet.
Spitzer wrote, "When history tells the story of the subprime lending crisis and recounts its devastating effects on the lives of so many innocent homeowners the Bush administration will not be judged favorably."
But now, the Administration can rest assured that this love story of Bush and his bankers - will not be told by history at all now that the Sheriff of Wall Street has fallen on his own gun.
A note on "Prosecutorial Indiscretion."
| Spitzer taken down by Mossad? By Jerry Mazza Online Journal Associate Editor Mar 14, 2008, 00:36 http://onlinejournal.com/artman/publish/article_3065.shtml | Email this article Printer friendly page |
Eliot Spitzer took on Wall Street like no other attorney general before him. As the Washington Post reported in 2004, "His targets in the past have included everyone from big Wall Street investment banks and the $7.5 trillion mutual fund industry to polluting power plants and supermarket chains that underpaid delivery workers."
Additionally, Wayne Madsen reports [subscription required] that "Defense sources have confirmed our March 11, 2008, report that Emperors Club VIP, the prostitution firm that entangled New York's outgoing Governor Eliot Spitzer in a call girl ring, is viewed by US intelligence as a front for Israel's intelligence agency, the Mossad.
"The sources claim that Spitzer was 'outed' for his aggressiveness in attacking money launderers connected to Russian-Israeli organized crime syndicates and other Wall Street malfeasance."
In an earlier report, Madsen mentioned that "There is also speculation that although Spitzer was implicated in the large international investigation of the Emperor's VIP Club's prostitution business, GOP dirty tricks operative Roger Stone figures in the case as a collateral agent provocateur. Stone has a history of badgering Eliot Spitzer and his elderly father, New York real estate magnate Bernard Spitzer."
Madsen went on to say, "There is also intense speculation about the identities of the other clients of the Emperor's VIP Club call girls service. A February 5, 2006, article by Ben Smith in The New York Observer describes a close relationship between Eliot Spitzer and former Bill Clinton aide Dick Morris.
Spitzer told the newspaper that Dick Morris' dad was his dad's lawyer. In 2006, the Democratic National Convention was shocked to learn that Morris, then Clinton's top political consultant, paid $200 an hour to a Virginia prostitute named Sherry Rowlands. The revelations about Morris came mere hours before Clinton was to deliver his acceptance speech at the convention.
"Rowlands revealed that Morris once let her listen in on a phone conversation with Clinton. She said that Hillary Clinton was upset at the phone call, that she 'was not well,' and the president asked Morris not to use the White House private residence phone number in the future.
"Morris' relationship with Rowlands reportedly involved toe sucking trysts on the part of Morris. The criminal complaint filed against the Emperor's Club referred to aberrant sexual practices, considered 'unsafe,' by Spitzer and a prostitute identified as Kristen."
Who is Kristen?
The New York Times reports in Woman at the Center of Governor's Downfall, "She left a broken home on the Jersey Shore at 17 and came to New York City to work the nightclubs as a rhythm and blues singer. Now, at 22, she is the unwitting, and as yet unseen, star of the seamy drama that is the downfall of Gov. Eliot Spitzer of New York . . .
"Kristen, the prostitute described in a federal affidavit as having had a rendezvous with Mr. Spitzer on Feb. 13 at the Mayflower Hotel in Washington, has spent the last few days in her ninth-floor apartment in the Flatiron district of Manhattan. On Monday, she made a brief appearance in federal court, where a lawyer was appointed to represent her. She is expected to be a witness in the case against four people charged with operating a prostitution ring called the Emperor's Club V.I.P.
"In a series of telephone interviews on Tuesday night, she said she had slept very little over the past week, with all the stress of the case.
"'I just don't want to be thought of as a monster,' the woman said as she told the tiniest tidbits of her story.
"Born Ashley Youmans but now known as Ashley Alexandra Dupré, she spoke softly and with good humor as she added with significant understatement: 'This has been a very difficult time. It is complicated.'"
"She has not been charged. The lawyer appointed to represent her, Don D. Buchwald, told a magistrate judge in court on Monday that she had been subpoenaed to testify in a grand jury investigation. Asked to swear that she had accurately filled out and signed a financial affidavit, she responded affirmatively.
"A person with knowledge of the Emperor's Club operation confirmed that the woman interviewed by The New York Times was the woman identified as Kristen in the affidavit. Mr. Buchwald confirmed various details of Ms. Dupré's background but would not discuss the contents of the affidavit.
"Ms. Dupré said by telephone Tuesday night that she was worried about how she would pay her rent since the man she was living with 'walked out on me' after she discovered he had fathered two children. She said she was considering working at a friend's restaurant or, once her apartment lease expires, moving back with her family in New Jersey 'to relax.'
She did not say when she had started working for the Emperor's Club, or how often she had liaisons arranged through the ring. Asked when she met Governor Spitzer and how many times they had seen each other, Ms. Dupré said she had no comment.
"As of Wednesday morning, Ms. Dupré's MySpace page recounted her 'odyssey to New York from New Jersey through North Carolina, Miami, D.C., Virginia and Austin, Texas;' public records show that she lived in Monmouth County, N.J., in 2001, and in North Carolina in 2003. She owns a company, created in 2005, called Pasche New York, which her lawyer said was an entertainment business designed to further her singing career.
"Music is her first love, and on the MySpace page, Ms. Dupré mentions Patsy Cline, Frank Sinatra, Christina Aguilera and Lauryn Hill among a long list of influences, including her brother, Kyle.
(She also lists Whitney Houston, Madonna, Mary J. Blige and Amy Winehouse as her top MySpace friends.)
In the interview, she said she saw the Rolling Stones perform at Radio City Music Hall on their last tour after a friend gave her two tickets. 'They were amazing,' she said.
"On MySpace, her page says: 'I am all about my music and my music is all about me. It flows from what I've been through, what I've seen and how I feel.'
"She left 'a broken family' at age 17, having been abused, according to the MySpace page, and has used drugs and 'been broke and homeless.'
"'Learned what it was like to have everything and lose it, again and again,' she writes. "'Learned what it was like to wake up one day and have the people you care about most gone.'
"'But I made it,' she continues. 'I'm still here and I love who I am. If I never went through the hard times, I would not be able to appreciate the good ones.
Cliché, yes, but I know it's true.'
"Ms. Dupré's mother, Carolyn Capalbo, 46, said that after her daughter finished sophomore year in high school, Ms. Dupré moved to North Carolina.
'She was a young kid with typical teenage rebellion issues, but we are extremely close now,' Ms. Capalbo said in a telephone interview Wednesday.
"In 2006, Ms. Dupré changed her legal name, according to records in Monmouth County Superior Court, from Ashley R. Youmans to Ashley Rae Maika DiPietro, taking her stepfather's surname since she regarded him as 'the only father I have known.' But in the interview, she referred to herself as Ashley Alexandra Dupré, which is how she is known on MySpace.
"On the Web page is a recording of what she describes as her latest track, 'What We Want,' a hip-hop-inflected rhythm-and-blues tune that asks, 'Can you handle me, boy?' and uses some dated slang, calling someone her 'boo.'
"'I know what you want, you got what I want,' she sings in the chorus. 'I know what you need. Can you handle me?'
"Her MySpace biography says she started singing professionally after a musician she was living with heard her singing the Aretha Franklin hit 'Respect' in the shower and burst into the bathroom with his lead guitarist.
She says she toured and recorded with them, then moved to Manhattan in 2004 and "spent the first two years getting to know the music scene, networking in clubs and connecting with the industry.
"'Now it's all about my music, it's all about expressing me.'
"In the affidavit, the woman the Emperor's Club called Kristen is described as 'an American, petite, very pretty brunette, 5 feet 5 inches, and 105 pounds.'
She apparently was booked at about $1,000 an hour, placing her in the middle of the seven-diamond scale by which the prostitutes were paid up to $4,300 an hour.
"Ms. Capalbo said that she was 'shell-shocked' when her daughter called in the middle of last week and told her she had been working as an escort and was now in trouble with the law. She said she was not sure that Ms. Dupré realized who Mr. Spitzer was when he was her client.
"'She is a very bright girl who can handle someone like the governor,' Ms. Capalbo said. 'But she also is a 22-year-old, not a 32-year-old or a 42-year-old, and she obviously got involved in something much larger than her.'"
Bottom line
We get the sense that what was at issue was more than a power politician's fling with a young prostitute, but potentially explosive issues for heavy Wall Street players, the economy, the full story of 9/11, the administration, and Republican dirty tricksters. Perhaps this explains the frozen look on Spitzer's face, seemingly scuttled in the line of duty, not just personal pleasure.
Jerry Mazza is a freelance writer living in New York. Reach him at gvmaz@verizon.net.
sub prime spitzer and 911 insurance fraud
... practices existed in the banking and insurance industries well before the 1930s, ... the congruence of events, ie the tech bubble slowdown followed by 911. ...
redstate.com/.../who_exactly_is_... slipshod business practices (if not outright fraud) in the whole sub-prime mess. ... Identity Theft 911. Illinois Attornery General Lisa Madigan ...
www.theinsurancepolicy.com/2007/09/... of mail in ballot for florida and michigan, how can we be sure there is no fraud? ... Our ex-Prime Minister John Howard in Australia and Tony Blair of U.K. were ...
iht.com/articles/2008/03/12/america/... of mail in ballot for florida and michigan, how can we be sure there is no fraud? ... Mr. Ayers bragged just after 911 to the New York Times that he - Mr. Ayers ...
iht.com/articles/2008/03/12/america/Insurance Company Scandals. Medicare and Medicaid Fraud. The Crookest of them All: Lawyers ... Spitzer and other state attorneys general as well as insurance ...
www.trinity.edu/rjensen/fraudrotten.htm - 524k - Cached Spitzer Sex Scandal; Gas and Oil Prices Hit Record Highs; Your Alzheimer's Risk: ... 911 Tapes and New Details About Mall Shooting; Mortgage Meltdown; Dramatic ...
transcripts.cnn.com/TRANSCRIPTS/... to anticipate and potentially pre-empt the Sub-prime mortgage crisis which ... said Patrick Manzo, vice president of compliance and fraud prevention at Monster. ...
www.mediachannel.org/wordpress/2007/08/Bear Sterns Drowning In Toxic Sub-Prime Debt ... One Down (Spitzer) - 100 More 911 Kingpins To Go. SA Boys Rape Lesbian Girls To 'Correct Them' ...
www.rense.com/index.htm - 242k - Cached ... from Kabul to Kandaharan insurance against warlordism and a condition of ... alleged in a sort of vulgar sub-Brechtian scene with Arab headdresses replacing ...
www.slate.com/id/2102723 - 61k - Cached ... income and credit scores were more likely to obtain sub-prime financing than ... Estate Fraud, Title Insurance, Washington, Ed Rybczynski, Affinity Fraud ...
www.flippingfrenzy.com/2006 - 166k - Cached
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