Analysis of US Bailout Fund Recipients by EP Heidner
In EP Heidner's Collateral Damage (Part 2): The Subprime Crisis and the Terrorist Attacks on September 11, 2001, it is contended that a select number of global banks, under the guidance of named individuals from Goldman-Sachs, Citigroup and Carlyle, are bent on crashing the US financial system much as they did with the Soviet Union in the early 1990s. The research presented in this analysis supports the theory that the largest US basedinstitutions behind the bailout are, through manipulation of the Treasury and Congress, attempting to bankrupt the US Treasury much as was the prequisite to their crashing of the Soviet economy and banking system in 1991-1992. These banks' activities leading to the crash of the Soviet economy are found in the report Collateral Damage: U.S. Covert Operations and the Terrorist Attacks on September 11, 2001.This data in this report clearly demonstrates that 80% of the funding goes to the top ten companies which all have offshore subsidiaries in tax havens and locations that prevent disclosure, much as was set up for the SovietUnion by consultants from Riggs-Valmet (now evolved into PNC). It should become clear by reading the research comments that in general, banks are not using the funding for purposes intended by Congress, but are beingused first and foremost to extend their asset base through acquisition of banks with deposits. This acquisition of bank deposits is critical for the next phase, because under the Basel II agreement which took effect in January2009 in the U.S., reserve ratios will be more tightly managed, and deposits will be critical for loans required for future acquisitions.EP HeidnerPage 1 of 14January 19, 2009
Leave a Comment