[P2P-F] "25 Billion Lawsuit" : "Geithner" ? ( AIG, Goldman Sachs, Treasury, Fed, ... Group of Thirty, ... ? )

Tue Nov 22 03:27:26 CET 2011

Fantastic News! If you haven’t read Griftopia by Matt Taibbi-Do So. He brings the criminal mess down to earth-your blood boil-and skin crawl.I’ve read at least 6 academic accounts-but they don’t have the punch.

From: Dante-Gabryell Monson 
Sent: Monday, November 21, 2011 5:50 PM
To: econowmix at googlegroups.com ; p2p-foundation 
Subject: [P2P-F] "25 Billion Lawsuit" : "Geithner" ? ( AIG, Goldman Sachs, Treasury, Fed, ... Group of Thirty, ... ? )

http://www.reuters.com/article/2011/11/21/us-aig-greenberg-lawsuit-idUSTRE7AK1CR20111121

Greenberg's company, Starr International Co, also filed a lawsuit against the Federal Reserve Bank of New York, whose president at the time of the takeover was Timothy Geithner, now U.S. Treasury Secretary.

Once AIG's largest shareholder, Starr said the government took a roughly 80 percent stake in AIG and charged an "punitive" 14.5 percent on federal loans without seeking a shareholder vote, hoping to provide a "backdoor bailout" for AIG trading partners such as Goldman Sachs Group Inc.

It said the bailouts that began on September 16, 2008, violated shareholders' rights to due process and equal protection, and a Fifth Amendment ban against taking private property for public use without just compensation, known as the "takings clause."

///

http://www.youtube.com/watch?v=pbKQ-h3J4Ks

AIG paid out 13 billion dollars to Goldman Sachs after receiving bailout...

///

also see :

http://en.wikipedia.org/wiki/Timothy_Geithner

current United States Secretary of the Treasury. 

He was previously the president of theFederal Reserve Bank of New York.

he played a supporting role to Henry Paulson, former CEO of Goldman Sachs, in the decision to bail out AIG just two days after deciding not to rescue Lehman Brothers from bankruptcy.

In 2006, he also became a member of the Washington-based financial advisory body, the Group of Thirty.

http://en.wikipedia.org/wiki/Henry_Paulson

is an American banker who served as the 74th United States Secretary of the Treasury. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.

//

http://en.wikipedia.org/wiki/Group_of_Thirty

The Group of Thirty was founded in 1978 by Geoffrey Bell at the initiative of the Rockefeller Foundation,[2] which also provided initial funding for the body. Its first chairman wasJohannes Witteveen, the former managing director of the International Monetary Fund. Its current chairman of trustees is Paul Volcker.

The current members of the Group of Thirty are:

  a.. Paul Volcker - Chairman of the Board of Trustees; former Chairman of the Federal Reserve 
  b.. Jacob A. Frenkel - Chairman, JPMorgan Chase International 
  c.. Geoffrey L. Bell - Executive Secretary; President Geoffrey Bell and Company 
  d.. Leszek Balcerowicz - Former President, National Bank of Poland 
  e.. Jaime Caruana - General Manager, Bank for International Settlements 
  f.. E. Gerald Corrigan - Managing Director, Goldman Sachs, former President of the Federal Reserve Bank of New York 
  g.. Guillermo de la Dehesa - Director and Member of the Executive Committee, Grupo Santander 
  h.. Mario Draghi - President, European Central Bank 
  i.. William Dudley - President, Federal Reserve Bank of New York 
  j.. Roger W. Ferguson, Jr. - President and Chief Executive Officer, TIAA-CREF 
  k.. Stanley Fischer - Governor, Bank of Israel 
  l.. Arminio Fraga Neto - Partner, Gávea Investimentos; former President of the Central Bank of Brazil 
  m.. Mark J. Carney - Governor, Bank of Canada 
  n.. Domingo Cavallo - Chairman and CEO, DFC Associates, LLC; Former Argentine Minister of the Economy 
  o.. Martin Feldstein - President, National Bureau of Economic Research 
  p.. Abdulatif Al-Hamad - Chairman, Arab Fund for Economic and Social Development 
  q.. Philipp Hildebrand - Chairman of the Governing Board, Swiss National Bank 
  r.. Gerd Häusler - CEO, Bayerisch Landesbank, former Director of International Capital Markets at the IMF 
  s.. Mervyn Allister King - Governor of the Bank of England 
  t.. Paul Krugman - Professor of Economics, Woodrow Wilson School, Princeton University 
  u.. Guillermo Ortiz Martinez - Former Governor, Banco de México 
  v.. Kenneth Rogoff - Professor, Harvard University 
  w.. Tharman Shanmugaratnam - Minister of Finance, Deputy Prime Minister Singapore 
  x.. Masaaki Shirakawa - Governor, Bank of Japan 
  y.. Lawrence Summers - Charles W. Eliot University Professor, Harvard University 
  z.. Jean-Claude Trichet - Former president, European Central Bank 
  aa.. Lord Adair Turner - Chairman, Financial Services Authority 
  ab.. Sir David Walker - Senior Advisor Morgan Stanley 
  ac.. Yutaka Yamaguchi - Former Deputy Governor, Bank of Japan 
  ad.. Zhou Xiaochuan - Governor, People's Bank of China 
  ae.. Ernesto Zedillo - Director, Yale Center for the Study of Globalization, Yale University, and former President of Mexico 
[edit]Senior Members
  a.. William McDonough - Chairman, Public Company Accounting Oversight Board 
  b.. William R. Rhodes - Senior Vice Chairman, Citigroup 
  c.. Ernest Stern - Partner and Senior Advisor, The Rohatyn Group 
  d.. Marina v N. Whitman - Professor of Business Administration & Public Policy, Ford School of Public Policy, University of Michigan 
[edit]Emeritus members
  a.. Erik Hoffmeyer - Former Chairman, Danmarks Nationalbank 
  b.. Shijuro Ogata - Former Deputy Governor, Bank of Japan 
  c.. Richard A. Debs - Advisory Director, Morgan Stanley 
  d.. Wilfried Guth - Former Spokesmen of the Board of Managing Directors, Deutsche Bank 
  e.. Sylvia Ostry - Distinguished Research Fellow, Munk Centre for International Studies, Toronto 
  f.. Gerhard Fels - Former Director, Institut der deutschen Wirtschaft 
  g.. John G. Heimann - Senior Advisor, Financial Stability Institute 
  h.. Toyoo Gyohten - President, Institute for International Monetary Affairs 
  i.. Peter Kenen - Senior Fellow in International Economics, Council on Foreign Relations 
  j.. Jacques de Larosière - Conseiller, BNP Paribas 
[edit]Other former members
Other former members include:

  a.. Austrian-American economist, Fritz Machlup 
  b.. former Kennedy-era treasury official, Robert Roosa 
  c.. former deputy Bank of England governor, Rupert Pennant-Rea 
  d.. former Bundesbank President, Karl Otto Pöhl 
  e.. the former Federal Reserve chairman, Alan Greenspan 
  f.. Lord Richardson of Duntisbourne - former Honorary Chairman 

--------------------------------------------------------------------------------
_______________________________________________
P2P Foundation - Mailing list
http://www.p2pfoundation.net
https://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation
-------------- next part --------------
An HTML attachment was scrubbed...
URL: https://lists.ourproject.org/pipermail/p2p-foundation/attachments/20111121/00aad900/attachment.htm 