AIG sues Bank Of America for Fraud

Reuters
August 8, 2011

Bank of America Corp (BAC.N) shares fell as much as 9.5 percent to their lowest level since April 2009 on Monday morning over fears of a slowing U.S. economy and challenges to a multi-billion dollar mortgage settlement.

Bank stocks broadly fell after Standard & Poor’s stripped the United States of its top credit rating and the European Central Bank intervened in bond markets, triggering fears that the global economy is destabilizing.

Bank of America’s shares fell more than most of its peers after insurer American International Group (AIG.N) said it would sue the bank to recoup more than $10 billion in mortgage bond losses.

Bank of America shares were down 8.4 percent at $7.48 in morning trading. The KBW Bank Index .BKX fell 2.97 percent.

Analysts said investors were reacting to the latest challenge to Bank of America’s $8.5 billion proposed settlement with mortgage investors over repurchasing toxic home loans.

“It makes investors question whether the bank will need to raise capital,” said Keefe, Bruyette & Woods Inc analyst Jefferson Harralson.

Citigroup Inc (C.N) shares fell 5.4 percent to $31.60, JPMorgan Chase & Co (JPM.N) fell 2.1 percent to $36.80 and Wells Fargo & Co (WFC.N) shares dipped 1.3 percent to $24.87.

Biometrically Identifiable Gesture Technology

If you believe fingerprinting or picture ID’s are invasive forms of technology, wait until you read this.

by Luis R. Miranda
The Real Agenda
July 20, 2011

If you have never seen the documentary Shadow Government, I honestly recommend it. It details the latest information regarding the use of technology to create a global identification system of biblical proportions. In this system that is being built as we wonder “why I have to give my fingerprint to obtain a driver’s license”, every single human being will be accounted for; no exceptions.

The variety of technologies available to effectively identify anyone at work, at the gym, at public events, in Court houses and even at home, is simply mind blowing. However, the producers and buyers of these so-called security enhancing tools do not stop thinking about new ways to get the highest paid contracts from private companies or the government.

The latest example of invasive identification technology is Biometric Signature ID, Inc’s BioSig-ID. According to the manufacturer’s description, BioSig-ID is a “Multi-Factor Identity Proofing Technology”; the best of its kind. This earned the company the trust of a variety of organizations going from sectors such as healthcare, the financial and banking systems, online education, cloud computing, the White House and the Department of Homeland Security.

The BioSig-ID is known for its capacity to gather information such as mouse movement patterns, typing speeds, user gestures, and other personal characteristics to fully identify the person who intends to access information or use a piece of equipment.

Biometric Signature ID announced recently it received approval from the United States Patent and Trademark Office for its latest patent which will be added to the large collection of technology-based identification tools it produces. The BioSig-ID technology collects movements made with various devices such as a mouse, touchscreen markings, fingers and body movements to create a biometric multi-factor password used for identification purposes.

Convenience is the name of the Game

As it often happens, the use of BioSig-ID as well as other invasive technologies, is presented not as a threat to personal privacy, but as a “convenient way to stay safe” or to keep data and information safe. In other examples of privacy violations we encounter the entertainment industry which managed to create products such as video game consoles that record the users movements as a biometric human fingerprint. Kinect, the device that is inside Microsoft’s XBox, allows users to play by just moving their bodies. “The console detects movement and recognizes people through a camera and various sensors installed on the device.” Isn’t that convenient?

Along with video gaming are the infamous full body scanners, which are supposed to keep us all safe from terrorism, but that instead are one of the most invasive forms of technology ever created. The scanners not only render full naked images of the passengers that allow their privacy to be violated -there is an opt out chance- but also bathes them with poisonous doses of radiation. See information on the scanners’ radiation amounts here. Read about full body scanner backscatter radiation here. Learn about radiation flux here.

Creating a need for invasive identification technologies

The amount of biometric-based identification technology production and consumption has increased exponentially in the last decade or so. This does not mean, however, that the use of these technology is so young. Military and technology contractors have been working on ways to fully identify individuals for a long time. In most cases, technology such as the one developed by Biometric Signature ID has been used in highly sensitive places in companies and military installations.

The success of this technology relies on the fact that a market was created -as it happens with many products- to assure its adoption. The evil part is that people’s fear and government policy are also used to push the production and sale of biometric identification. By the time consumers get to know about its existence, it has already been tried and tested for many years. In the case of BioSig-ID, the product was tested initially by The Tolly Group.

As we cited before, many organizations and companies adopt this kind of technologies under the safety excuse. Data safety, information safety, access to premisses safety, web access safety and so on. In the healthcare business, for example, the DEA requires electronic prescription of controlled substances, another failure of the infamous war on drugs. DEA uses this technology to authenticate access to patients’ records.

In the banking and financial markets, both private institutions and government offices use biometric identification to “bring security and safeguard customer information, reduce fraud, etc. It has not worked very well, though, as millions of customer credit card information has been stolen from those very same institutions and neither the hackers nor the banks have been held accountable for endangering the privacy of their customers.

Education has not escaped privacy violation. Both physical and online educational organizations adopted biometric and other invasive identification technologies to “guarantee” the correct accreditation of students as well as for registration and payment controls. Universities and other learning online-based institutions offer classes online which require signing in with more than one fingerprint.

New internet-based services such as Mobile and Cloud computing will pile on the number of consumers and users of Bi0Sig-ID and similar validation tools. As all content migrates to the “Cloud” and the corporations and the government become more empowered by centrally controlling information and how people access it from work or home, biometric identification systems will be key to mandate certified entrance to those “Clouds”. The idea to have a unique internet ID, as it has been proposed by government officials in several countries is suddenly appearing more and more realistic.

And if you are a government employee, as many are nowadays, and more will be in the near future, get ready to give every single piece of information your body emits. In Mexico,  all federal government employees had to submit to biometric identification recognition in order to keep their jobs. All over the world, government implement security protocols that include the use of Government Identity Cards or Credentials to access and manage information.

E-IDs are already available in countries like Hong Kong, Malaysia, Estonia, Finland, Belgium, Portugal, Morocco and Spain.

H1N1 Flu: The Fraud that was… the Danger to Come

How would you like a seasonal flu vaccine mixed with an H1N1 virus?  How would you like it to be mandatory?  The people did not buy the lies last season, but as it happens in the best of the sequels, the villans are back more aggressive than ever.  The pharmaceutical corporations are concocting a plan they intend to enforce through their controlled governments to ban you from having an education, a job and a normal life if you do not inject yourself with their toxic products.  The controllers are coming as empty handed as last season; with no studies and no science.

The people ‘down under’ have already had a taste of their own.  Children and adults who took the new cocktail are suffering from horrendous side effects.  So much so, that the Australian government has stopped the use of the toxic mix.  Barbara Loe Fisher, founder of the National Vaccine Information Center, discusses the outcome of last year’s swine flu debacle, and the potentially harmful changes that are being made to this season’s flu vaccine as a result.  Pay careful attention to the second and third clips and prepare yourself and your family.

Goldman Sachs Defrauded Investors, sent bailout outside U.S.A

by Karen Mracek and Thomas Beaumont

Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night.Goldman Sachs disclosed the list of companies to the Senate Finance Committee after a threat of subpoena from Sen. Chuck Grassley, R-Ia.

 Asked the significance of the list, Grassley said, “I hope it’s as simple as taxpayers deserve to know what happened to their money.”

 He added, “We thought originally we were bailing out AIG. Then later on … we learned that the money flowed through AIG to a few big banks, and now we know that the money went from these few big banks to dozens of financial institutions all around the world.”

 Grassley said he was reserving judgment on the appropriateness of U.S. taxpayer money ending up overseas until he learns more about the 32 entities.

 SETTLEMENT: Goldman Sachs admits it misled investors, pays $550M fine

GOLDMAN CONSENT: SEC vs. Goldman Sachs

JUDGEMENT: Final judgement of defendant

 Goldman Sachs (GS) received $5.55 billion from the government in fall of 2008 as payment for then-worthless securities it held in AIG. Goldman had already hedged its risk that the securities would go bad. It had entered into agreements to spread the risk with the 32 entities named in Friday’s report.

 Overall, Goldman Sachs received a $12.9 billion payout from the government’s bailout of AIG, which was at one time the world’s largest insurance company.

 Goldman Sachs also revealed to the Senate Finance Committee that it would have received $2.3 billion if AIG had gone under. Other large financial institutions, such as Citibank, JPMorgan Chase and Morgan Stanley, sold Goldman Sachs protection in the case of AIG’s collapse. Those institutions did not have to pay Goldman Sachs after the government stepped in with tax money.

 Shouldn’t Goldman Sachs be expected to collect from those institutions “before they collect the taxpayers’ dollars?” Grassley asked. “It’s a little bit like a farmer, if you got crop insurance, you shouldn’t be getting disaster aid.”

 Goldman had not disclosed the names of the counterparties it paid in late 2008 until Friday, despite repeated requests from Elizabeth Warren, chairwoman of the Congressional Oversight Panel.

 “I think we didn’t get the information because they consider it very embarrassing,” Grassley said, “and they ought to consider it very embarrassing.”

 FINANCIAL REFORM: How Congress rewrote the regulations

FIXED? Will new regulations prevent future meltdowns?

FINANCIAL OVERHAUL AND YOU: Mortgages, debit cards, loans, more

 The initial $85 billion to bail out AIG was supplemented by an additional $49.1 billion from the Troubled Asset Relief Program, known as TARP, as well as additional funds from the Federal Reserve. AIG’s debt to U.S. taxpayers totals $133.3 billion outstanding.

 “The only thing I can tell you is that people have the right to know, and the Fed and the public’s business ought to be more public,” Grassley said.

 The list of companies receiving money includes a few familiar foreign banks, such as the Royal Bank of Scotland and Barclays.

 DZ AG Deutsche Zantrake Genossenschaftz Bank, a German cooperative banking group, received $1.2 billion, more than a quarter of the money Goldman paid out.

 Warren, in testimony Wednesday, said that the rescue of AIG “distorted the marketplace by turning AIG’s risky bets into fully guaranteed transactions. Instead of forcing AIG and its counterparties to bear the costs of the company’s failure, the government shifted those costs in full onto taxpayers.”

 Grassley stressed the importance of transparency in the marketplace, as well as in the government’s actions.

 “Just like the government, markets need more transparency, and consequently this is some of that transparency because we’ve got to rebuild confidence to make the markets work properly,” Grassley said.

 AIG received the bailout of $85 billion at the discretion of the Federal Reserve Bank of New York, which was led at the time by Timothy Geithner. He now is U.S. treasury secretary.

 “I think it proves that he knew a lot more at the time than he told,” Grassley said. “And he surely knew where this money was going to go. If he didn’t, he should have known before they let the money out of their bank up there.”

 An attempt to reach Geithner Friday night through the White House public information office was unsuccessful.

 Grassley has for years pushed to give the Government Accountability Office more oversight of the Federal Reserve.

 U.S. Rep. Bruce Braley, a Waterloo Democrat, said he would propose that the House subcommittee on oversight and investigations convene hearings on the need for more Federal Reserve oversight. Braley is a member of the subcommittee.

 Braley said of Geithner, “I would assume he would be someone we would want to hear from because he would have firsthand knowledge.”

 Braley also noted that the AIG bailout was negotiated under President George W. Bush, a Republican.

 He said he was confident that the financial regulatory reform bill signed by President Obama this week would help provide better oversight than the AIG bailout included.

 “There was no regulatory framework in place,” Braley said. “We had to put something in place to begin reining them in. I’m confident they will begin to be able to do that.”

Use World Currency to Renounce the Debt!

Henry Makow

In upcoming years, cities, states & nations will have one overwhelming choice:

1. Renounce all debt created by bankers out of nothing, or due to compound interest. This is probably 50-80% of all government

The Sharks that control the financial and monetary system do it by means of Fractional Reserve Banking. Click on the image and see the chart in detail.

debt.

2. Or accept the unbearable burden and be willing accomplices in our enslavement and destruction.

The central banking cartel wants a one-world currency. We keep seeing reminders. For example, today we read, “The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday.

What if that new currency was not based on central banking cartel (i.e. IMF) debt? What if most of the old debt was abolished?

THE BIG PICTURE

The human experiment is in danger of failure because our ancestors were too weak, feckless or corrupt to get money creation right.

Money has no inherent value. It is a medium of exchange like sea shells or beads. It is simply a convenient method for billions of people to exchange millions of disparate products and services.

Nobody can own a medium of exchange. It must be public.

But a network of private Illuminati families do own it. They produce the medium of exchange in the form of a debt to them. And they charge compound interest on this “debt” created out of thin air. We are being strangled by these debts.

They know this lucrative fraud is unsustainable unless they enslave mankind, mentally and spiritually, if not physically.

These Illuminati banking families have used their position to control all major corporations and governments. Do you know that it takes only 3-4% of shares to control most widely-held corporations? These corporations in turn buy the executives and politicians, pundits and professors that run the world for the bankers.

Everybody in a position of power and influence today is indirectly employed by these dynastic banking families. Their primary role, whether they understand it or not, is to protect the fraudulent credit system. They are traitors and collaborators, and as long as we support them, we are all complicit in our own destruction.

Our perception of reality is controlled by these bankers through ownership of the mass media. We see through “spectacles they arrange on our noses.”

ONE LIE IS THE BASIS OF THEM ALL

Mankind is living a lie because our currency is based on a fraud. Our history is really the story of how these bankers have set countries against each other in pointless wars in order to kill our best men and destroy and demoralize humanity. These wars are endemic because they create enormous profits and debts which are used to enslave us.

Illuminati bankers are financing the “insurgents” in Afghanistan, Pakistan and Iraq. When will we understand that they have been waging a war on humanity for centuries?

We are being gender neutered in the same way horses are gelded, to be obedient to their owners.

We are being morally degraded, dumbed down and distracted to paralyze us. Many believe we are being poisoned by chem trails, fluoride or by drugs and foods. Certainly our minds and spirits are poisoned by the mass media.

They have unleashed a pernicious satanic conspiracy on humanity in the form of Communism in its many manifestations. Barack Obama and Elena Kagan are Communists. The Illuminati bankers are responsible for assassinating JFK, for 9-11 and probably for the Gulf of Mexico disaster. They are responsible for most of mankind’s woes.

To get back on course, we need to nationalize credit and money creation. We need to nationalize banks.

Who should own the medium of exchange, a private cartel or democratic governments?

If the bankers want a new currency,  give it to them, as long as it is debt and interest-free and administered by a body that represents the best interests of humanity.

Then mankind can regain its path, and begin to fulfill its amazing promise.