Tag Archives: Funds

Accountability: Congress panel blames Corzine for MF Global fall

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Blame should equal an arrest warrant then. -TGR

Source: Reuters

REUTERS/Jonathan Ernst

Poor management decisions by MF Global’s former CEO Jon Corzine triggered the brokerage firm’s collapse, while lax protections for customer funds contributed to the loss of an estimated $1.6 billion of customer money, congressional investigators have determined.

Evidence unearthed by the House Financial Services Subcommittee on Oversight puts the blame squarely on Corzine, the panel’s chairman Rep. Randy Neugebauer, said in a preview of the report that will be released on Thursday.

“The responsibility for failing to maintain the systems and controls necessary to protect customer funds rests with Corzine,” the report says. “This failure represents a dereliction of his duty as MF Global’s chairman and CEO.”

Corzine, a former co-chairman of Goldman Sachs who also served as a U.S. senator and as governor of New Jersey, has denied any wrongdoing.

MF Global filed for bankruptcy more than a year ago, as investors scrambled to pull out funds after revelations the firm bet heavily on European sovereign debt and after credit downgrades.

Regulators, prosecutors and lawmakers have been looking into the estimated $1.6 billion in customer funds revealed to be missing after the firm’s collapse.

The House subcommittee said it has held three hearings, interviewed more than 50 witnesses and reviewed thousands of documents from MF Global, its regulators and other sources.

The report will show that risks were exacerbated by an atmosphere at the firm in which no one could question Corzine’s decisions, the subcommittee said.

Corzine also kept his own trading activities out of the firm’s risk management review process, the subcommittee said. The group said it also found that regulatory agencies had not shared crucial information with each other, and other problems.

A trustee liquidating the company’s broker-dealer unit released a critical report in June that said that in his attempt to build the firm into a global investment powerhouse, Corzine failed to address growing liquidity needs.

A spokesman for Corzine did not immediately respond to a request for comment.

(Reporting By Karey Wutkowski, Sarah N. Lynch and Emily Stephenson; editing by John Wallace and David Gregorio)

Sheldan Nidle August 29, 2012: “Long ago, your world was prevailed upon to accept not only that the irrational Anunnaki worldview was ‘real’ but that no other reality was possible.”

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3 Chicchan, 13 Uo, 9 Eb
Source: Sheldan Nidle

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Dratzo! We return!

At present, we are waiting for the date to begin the preliminaries that are to take place prior to bringing the new banking system on-line. This period will be swiftly followed by the formal announcement of this new global financial system, which by its very nature will create a situation that makes it impossible for the dark cabal to subsist. It is the subsequent new governments which will allow the prosperity funds to be delivered. Long ago, your world was prevailed upon to accept not only that the irrational Anunnaki worldview was ‘real’ but that no other reality was possible. This belief will be shattered by the new financial system which will open doors that have been kept firmly shut by the dark cabal. The upcoming, vast transference of funds will remove the lockdown on progress that the dark has imposed on you for decades, and once this clamp is gone, the new procedures and accompanying official expositions can go forward.

However, these are merely the initial steps that will lead quickly to a massive operation that is to manifest the full agenda decreed by the Light and morph this present nightmare realm into a Light-infused dream. As these various improvements are announced and your world accordingly changes for the better, a whole new style of governance will come into being which will make a point of imparting more and more details of the changes afoot on many levels. We have come here to be mentors for this great change. One of the big transformative factors will be the release of much technology withheld from you for many decades. We are also keen to make the announcements that lead to disclosure.

Disclosure does nothing less than open up this vast galaxy to you once again. With disclosure you will be privy to things that will drastically and irrevocably alter the way you perceive the universe and your place in it. It will no longer be a place of inhospitable, uncharted space; suddenly it will contain places where friends and family reside, and which will be easily accessible, using your new technology. But most importantly, it will be a realm fully fathomable, which gloriously affirms your oneness with all life by demonstrating to you how intertwined we all are to the Creator and to all of Heaven. Our reunion with you will bring you to the very brink of full consciousness, by allowing you to see just how easy it is to make the final move into your natural state of existence.

Once whole again, you can resume your sacred service as Gaia’s faithful mentors, thereby reestablishing a pledge we humans made to her nearly 900,000 years ago. Indeed, this mentorship includes the overseeing of your entire solar system. Resuming your divine service includes reunion with your Inner Earth family and meeting a great many non-corporal Beings who have come from throughout this solar system and who have been carrying out those tasks that you are about to take on again. Your local Spiritual Hierarchy assures us that you are quite ready for these and other tasks which are soon to require your attention.

The Agarthans and their cetacean associates are preparing the proclamations to be made to you once you have transformed back into your fully conscious state. This will involve the story of how you originally came to Earth and why many Spiritual Hierarchies agreed to make you fully conscious Beings long ago on Vega. This history forms part of a huge process of reconnecting you to your special origins, and then, introducing you to the duties of full consciousness and your many responsibilities to this part of physicality. As you begin to recall your origins, it will be necessary to provide a general education that can assist your nascent galactic society to fulfill its truly incredible destiny.

Those of you who have agreed in your life contracts to remain here have to become aware of what is expected of you by your local Spiritual Hierarchy. Heaven and you are to work closely to unfold the divine plan in this sector of physicality. One aspect we have already mentioned to you is your mentorship of a vast group of Beings who dearly wish to acquire a Lightbody and make the sacred journey to full consciousness. Such capabilities are what make you very special Beings, and it is why you are being watched by so many throughout the galaxy. It also explains why Heaven permitted us to set up this first contact mission. Blessings! We are your Ascended Masters! We come on this date with some good news!

We are now allowed to explain to you that a new banking system is very close to manifesting. Major banks around your world are currently preparing for the implementation of numerous new rules. These regulations are to alter the operation of international transactions and to prepare for the series of announcements introducing a new hard-backed currency. The governments of your globe have been advised that an international version of N.E.S.A.R.A is to be implemented, and this will precipitate a rapid change in your global political systems. Accordingly, the Galactic Federation has placed several defense ships in position to ensure that these changes happen as agreed to by the dark cabal.

The time has come for these dark ones to surrender their power to the Light! These changes can allow our sacred secret societies to begin to disburse the prosperity funds to the world. We have also advised our associates to prepare a number of special teachings which will explain a great many truths that have been either greatly modified or completely hidden from you for millennia. These circumstances made it necessary for us to hide this information deep within the vaults of many temples and cathedrals until such time as we could release it to you. You may be somewhat shocked at first, but these sacred Truths need to become part once again of your spiritual knowledge of this physical realm. It will begin a process of clarification regarding the wonders and miracles of the state of full consciousness that you are returning to.

This subject matter will move to center stage in your lives during the weeks ahead because you are needed by Heaven to resume your sacred service to the Light. We the Ascended Masters have a divine duty to bring you through the sacred veil and return you to your true Beingness as physical Angels. Thus we welcome the arrival of our kin and the means in Inner Earth for restoring you to that most precious state. All that is being set in motion is done with the aim of fulfilling Heaven’s mandate. You have wandered around in a state of artificial amnesia for far too long, and it is time to reinstate your former wisdom and abilities. The societies cooked up by the dark and orchestrated by the Anunnaki are to cease.

Your innate Oneness will be reestablished, allowing you to develop a wonderful prototype of galactic society. This new realm of yours is to welcome the former dark empires of this galaxy and transform them to Light by providing them with a full Lightbody, along with the techniques and etiquette that Spirit requires. Today, we supplied you with more detail about what is clandestinely happening around your world. These preparations will enable big changes in banking, which in turn will result in the ousting of the dark. The Galactic Federation and its defense ships are supporting these actions and thus the end of this obstructive cabal is near! Be in joy, and ready to accept the gifts of Heaven! Know, dear Ones, that the countless Supply and never-ending Prosperity of Heaven are indeed Yours!

So Be It! Selamat Gajun! Selamat Ja! (Sirian for Be One! and Be in Joy!)

Timmy Geithner Pushed for Cutoff of Non-Union Pensioners

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Source: Daily Caller

Emails obtained by The Daily Caller show that the U.S. Treasury Department, led by Timothy Geithner, was the driving force behind terminating the pensions of 20,000 salaried retirees at the Delphi auto parts manufacturing company.

The move, made in 2009 while the Obama administration implemented its auto bailout plan, appears to have been made solely because those retirees were not members of labor unions.

The internal government emails contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that the administration misled lawmakers and the courts about the sequence of events surrounding the termination of those non-union pensions, and that administration figures violated federal law.

Delphi, a General Motors company, is one of the world’s largest automotive parts manufacturers. Twenty thousand of its workers lost nearly their entire pensions when the government bailed out GM. At the same time, Delphi employees who were members of the United Auto Workers union saw their pensions topped off and made whole.

The White House and Treasury Department have consistently maintained that the Pension Benefit Guaranty Corporation (PBGC) independently made the decision to terminate the 20,000 non-union Delphi workers’ pension plan. The PBGC is a federal government agency that handles private-sector pension benefits issues. Its charter calls for independent representation of pension beneficiaries’ interests.

Continue Reading @ Daily Caller….

Ronald Reagan’s secret plan to restore America

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via Veterans Today:

When the Cold War ended, a secret fund planned for by President Ronald Reagan had been set aside to rebuild America, pay off the national debt and reward Americans for decades of sacrifice. 

This was the real accomplishment of his presidency, one few knew of. 

As the funds finally came together, during the first years of the Clinton administration, instead of going to America, the man chosen to secure this legacy for America was put in a Swiss dungeon, then a mental hospital and eventually railroaded into prison on charges now admitted to have been “manufactured.”