Killing Ron Brown: A Clinton Crime Family Story


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Killing Ron Brown: A Clinton Crime Family Story
Reading Time: 7 minutesYour life is in danger. At this moment, a Chinese nuclear warhead sits in a missile silo. Its guidance, if launched, instructs the warhead to detonate a mile or two above your home. And this was all made possible by extortion, murder, and illegal campaign contributions to Bill and Hillary Clinton.

Remember Ron Brown? Brown was Clinton’s Secretary of Commerce.

Ron Brown ran the Clintons’ extortion racket in the 1990s.

Ron Brown played a role . . . he would rather not have. Targeted by an independent counsel along with his son Michael and his confidante (and my source) Nolanda Butler Hill on unrelated charges, Brown desperately needed the Clintons’ help to keep himself, Hill, and especially Michael out of prison. In true Underwood fashion, the Clintons exploited Brown’s vulnerability by making him their international bagman.

Jack Cashill writing on American Thinker

Follow the Money

Records show that Commerce Secretary Ron Brown used his position to raise illegal donations for the Clintons. Brown turned the Commerce Department into a shakedown machine, just the way the Mafia shakes down businesses. Commerce under Clinton was a protection racket. Donate to the Clintons or something bad might happen to your company. Or your kids.

In a 1998 summary of Clinton’s criminal activities involving Chinese campaign contributions, Phyllis Schlafly wrote:

Bill Clinton’s friend and ubiquitous Democratic fundraiser Johnny Chung told Federal investigators that he funneled nearly $100,000 from the Communist Chinese military to the Democratic campaign in the summer of 1996. The money was handed to Chung by the daughter of the top commander of China’s People’s Liberation Army, General Liu Huaqing, who was also one of the top five members of the Chinese Communist Party’s ruling Politburo.

Remember that illegal influence peddling is the primary mission of the Clinton Foundation. Hillary Clinton used the State Department to extort cash payments from corporations and foreign governments. Clinton laundered the dirty money through the Clinton Foundation.

In the 1990s, the Clintons ran the same money laundering scheme through Ron Brown’s Commerce Department.

The More You Know About the Clintons, the Sooner You Will Die

After a religious experience, Ron Brown’s confidante Nolanda Hill told her story to former Wall Street Journal and Washington Post reporter Jack Cashill. Writing on the 10th anniversary of Brown’s likely assassination, Cashill says:

Hill is convinced and always has been that Ron Brown was assassinated. At the time of his death, I had refused to believe such a scenario possible. I was doing talk radio then in Kansas City, and I vigorously rejected all speculation about conspiracy. When I started research for my book, Ron Brown’s Body, in 2003, I began with the conviction that the plane crash was accidental and the famed hole in Brown’s head was some sort of anomaly. To say the least, I have lost that conviction.

Cashill has made the story his life’s work. And for good reason. Bill and Hillary Clinton are extortion artists at best and murdering traitors at worst.

You should believe the worst. As Jack Cashill wrote in American Thinking in 2014:

As Hill tells it, Brown arranged a meeting with Clinton at the White House family quarters. It did not go well. When Clinton said there was nothing he could do for Michael, Brown resorted to his ultimate bargaining chip. If he had to, he told Clinton, he was prepared to reveal the president’s treasonous dealings with China, news of which had yet to break.

We now know the China deal involved selling US military secrets to China in exchange for Chinese contributions to the DNC laundered through a tech company called Loral. The latePhyllis Schlafly explained in 1998:

In June 1994, the CEO of Loral Space and Communications, Bernard Schwartz, made a $100,000 contribution to the Democratic National Committee. He then joined a Ron Brown trip to China that led to a $250 million telecommunications deal for Loral’s satellites to be launched by Chinese rockets [in violation of US law at the time].

In October 1994, Clinton lifted the sanctions he had imposed on China for selling missile technology to Pakistan. In early 1995, Schwartz sent a letter to Clinton urging that responsibility for satellite-export licenses be shifted from the State Department to the Commerce Department. Meanwhile, both Schwartz and Johnny Chung made more huge donations, in excess of $100,000, to the Democratic Party.

Back to Ron Brown’s desperate meeting with Clinton. Guess how Bill and Hillary dealt with Brown’s threat.

Next thing you know, Ron was on his final seat-selling trade mission, this one to Croatia to cut a deal between the neo-fascists who ran the country and the Enron Corporation. Yes, that Enron. He never got there. The Air Force plane that carried Brown, the military version of a Boeing 737, crashed into a hillside outside Dubrovnik. Brown and 34 others were killed.

After the crash that took out the US Secretary of Commerce and 33 others, the Clinton Administration covered up everything. They prohibited an autopsy of Ron Brown’s body despite evidence of a bullet wound in Brown’s skull. The military general in charge of the “investigation” repeatedly lied to the press and to Congress. The US Air Force released false press statements claiming the plane’s wreckage was found in the Adriatic. The US government said the plane crashed in the “worst storm in a decade,” which was a laughable lie even at the time. And many involved in the investigation died by accident or gunshot wound before testifying.

Those are facts on the record.

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But Nolanda Hill thinks the Clinton’s ordered their hit on Brown before that White House meeting. Here’s how Jack Cashill recounts Hill’s thinking:

Today, after much reflection, Hill no longer believes that the meeting with President Clinton triggered the trip to Croatia. She believes that the planning of Brown’s demise had already begun. “They [the president’s advisors] knew he was going to get indicted. They knew that he was gone.” Brown was the classic “man who knew too much.” The knowledge that had protected when his legal problems could still be fixed left him vulnerable when those problems were beyond fixing.

Back to Cashill’s American Thinker article:

The Enron executives landed safely in their own jet just a few minutes earlier despite what the Clinton administration called “the worst storm in a decade.” As I learned in reading the 22-volume USAF report on the crash, it was not even raining at the time, and the sun was peeking through the clouds. I requested that report eight years after the crash. As far as I know, I was the first person in the media to request it, and the New York Times had a reporter on the plane.

And the Enron flight carried a very important connection to Hillary Rodham Clinton, as will see very soon.

Clinton’s Treason Goes Deeper Still

These paragraphs from Phyllis Schlafly’s excellent summary of the Chinese missile scandal will make you shudder:

The rationale for allowing U.S. satellites to be launched by Chinese rockets is that the technology is safely locked up in a black box, and Americans monitor the launch to assure that it stays secured. But when the Loral rocket blew up, the parts were scattered. The Pentagon refused comment on the Drudge report that the Loral engineers who reviewed the recovered debris said that the encryption hardware was missing.

U.S. intelligence has reported that China has targeted 13 of its 18 CSS-4 long-range missiles against U.S. cities. The CIA says that China’s targeting was made more accurate by Loral’s unauthorized help. The Justice Department started a criminal investigation of Loral, and the State Department warned that Loral’s actions were “criminal, likely to be indicted, knowing and unlawful.”

In March 1996, despite the objections of Secretary of State Warren Christopher, the Defense Department and our intelligence agencies, Clinton personally transferred jurisdiction over satellite-export licensing from the State Department to his pal, Commerce Secretary Ron Brown. Meanwhile, Bernard Schwartz stepped up his contributions to the Democratic Party and became the largest single contributor in the 1996 election cycle. Clinton signed another waiver this year to allow Loral Space to export a satellite that is scheduled to be launched by the Chinese in November.

To cover up their treason, the Clintons apparently ordered the assassination of Ron Brown and 33 others who boarded a doomed Air Force flight on a trade mission to Croatia.

So why haven’t the Clintons been tried and convicted for these capital crimes? Becausethey’re out of reach of US law, protected by the Wall Street and corporate interestswho laundered Chinese money to the Clintons in the 1990s. That and Republican fecklessness. The GOP impeached and tried Clinton over the Monica Lewinsky scandal when the real crime of the Clinton Administration involved treason and state assassinations. Assassinations and sham investigations.

The Mysterious, Beautiful Woman

While the Ron Brown assassination story has yet to reach its end, Jack Cashill’s reporting explains Clinton’s desperation to win the White House in 2016. And it involves a mysterious woman.

Zdenka Gast
Zdenka Gast

Cashill found an intriguing open loop in an Air Force report on the assassination of Ron Brown. (The USAF does not call the report an assassination report, but you know by now that it was.) This open loop was a Croatian woman named Zdenka Gast.

[For more about Zdenka Gast and Hillary’s serial lies, click here.]Gast was supposed to be on Ron Brown’s plane. At the last minute, she was removed from that death flight’s manifest and moved to the Enron plane.

Why the move?

According to a witness, “There were problems in — in — in this — in concluding this deal where they wanted to sign a letter of intent, and so, rather than — than go on the Brown trip, she stayed with the Inron [sic] people to do the final negotiations.”

The Air Force never interviewed Gast. The USAF claimed they were unable to find her. But Cashill found in a few minutes of searching. He contacted her office. Gast’s office said she’d return the call shortly. Six years later, Cashill is still waiting.

Well, no. Cashill isn’t waiting. He knows he’ll never hear from Gast. As Jack Cashill explains in his American Thinker story:

Inquiring into Gast’s background, I came across the Croatian-language magazine Gloria. The photo that graced this article leapt off the page at me. In the center of three smiling women, all linked arm in arm, was Gast, an attractive, full-figured redhead. On her left was the then Secretary of Labor, Alexis Herman. On her right was none other than Hillary Clinton. Gast was one of only forty guests at a 2000 White House wedding reception for Herman, the woman who dispatched Brown on his fatal trip. Most of the other guests the reader would recognize by name.

According to public records, Gast lives in Grand Island, New York with a home in Florida. She’s listed as CEO of Z Global Consulting Ltd., a company with no apparent legal formation in any state. Except for a bare-bones LinkedIn profile, Gast seems to have been wiped from the internet.

Let’s hope Zdenka, now 67, is still alive.

 

Hillary Clinton keeps her friends close . . . and her witnesses closer. Just ask Ron Brown.


Also published on Medium.

Cashill and Clinton here.

Senator Clinton, Just Who Is Zdenka Gast?

Ron Brown's Body: How One Man's Death Saved the Clinton Presidency and Hillary's Future
Ron Brown’s Body: How One Man’s Death Saved the Clinton Presidency and Hillary’s Future

© Jack Cashill

WorldNetDaily.com
December 4, 2008

Although his colleagues on the U. S. Senate Foreign Relations Committee will be content to throw Hillary Clinton softballs during her confirmation hearing, I suspect Senator Jim DeMint of South Carolina has moxie enough to throw the would-be secretary of state a nasty curve as follows:

DeMint: Senator Clinton, just who Is Zdenka Gast?

Clinton: Zdenka Gast? Help me out here.

DeMint: Let me refresh your memory. Gast played a key role in Commerce Secretary Ron Brown’s fatal trip to Croatia in April 1996. Ostensibly at least, Brown went to Croatia to broker a deal between the Croatian government and a certain American corporation. Gast served as liaison between the two.

Clinton: Why is this an issue?

DeMint: For starters, it was a sweetheart deal that the White House coerced Croatia to sign. For another, the White House’s Croatian client was president Franjo Tudjman, a notorious anti-Semite. And for a third, the company in question was Enron. Otherwise, no problem.

Clinton: Enron? Please! What’s your source? Some right-wing blog?

DeMint: No, your ambassador to Croatia, Peter Galbraith. He told Air Force investigators that Gast had been scheduled to fly with Brown on the USAF plane that crashed but flew in instead on a Swiss Air Charter with the Enron guys.

Clinton: You’re making this up.

DeMint: Let me quote the official, 22-volume U.S, Air Force Report. Said Galbraith, “There were problems in—in—in this—in concluding this deal where they wanted to sign a letter of intent, and so, rather than—than go on the Brown trip, she stayed with the Inron [sic] people to do the final negotiations.”

Clinton: Bull. Enron was a Republican company.

DeMint: That is what the media tell us, and Gast was allegedly a Republican too, but in the nineties Enron execs were frequent flyers on Brown trade missions. Remember the deal in 1995 when you all held up a $13.5 million aid package to Mozambique until its president agreed to give Enron a major stake in a local gas field?

Clinton: I have no recollection of that.

DeMint: As you probably heard, Brown more or less sold seats on these missions to raise money for what Senator Fred Thompson’s committee would call “the most corrupt political campaign in modern history.”

Clinton: I had nothing to do with that campaign.

DeMint: Dick Morris says otherwise. As he tells it, you were the one who brought him into the White House after the Dem’s November 1994 whipping, and you were there with the president, Al Gore, Chief of Staff Leon Panetta, and DNC chair Don Fowler when his plan for a massively expensive ad campaign was approved. In fact, The DNC cupboard was bare. The money had to come from somewhere.

Clinton: Prove it.

DeMint: Brown could have. In fact, Judicial Watch had scheduled him to give a deposition on this subject as soon as he returned from Croatia. It’s a shame he never returned.

Clinton: And why would Tudjman submit to such a deal?

DeMint: Glad you asked. According to the Financial Times of London, Tudjman linked the Enron deal to a variety of political demands, chief among them—and this is a quote–“avoiding his arrest and that of other senior figures by the Hague-based International Criminal Tribunal.”

Clinton: You’ve got it backwards. The Serbs were the war criminals.

DeMint: The Serbs had no monopoly on ethnic cleansing. If you recall, just months before Brown’s death, Croatian forces drove more than 200,000 Serbian civilians from their homes in the Krajina region and killed some 14,000 of them. The White House and Galbraith aided and abetted the Croats as something of a reward for their agreeing to the federation between Croats and Muslims in Bosnia.

Clinton: I had nothing to do with that.

DeMint: I didn’t say you did. But I am curious as to why you took a one-day detour to Tuzla in Bosnia just nine days before Brown left Tuzla on his fatal flight. You may have fudged about the sniper fire, but Tuzla was a dangerous place in 1996. As the White House spun it, “No first lady since Eleanor Roosevelt has made a trip into such a hostile military environment.” And you brought Chelsea?

Clinton: I wanted to say “thank you” to our troops. What are you insinuating?

DeMint: Nothing, just asking. Much of this would be clearer if we had all the facts.

Clinton: What are you missing?

DeMint: Our best witness. After Galbraith told the Air Force about Zdenka, the investigator said, “We’ve been looking for her.” Apparently, they did not find her. The report lists 148 witness interviews, but Zdenka’s was not among them. You might have been able to help.


Above: Zdenka Gast

Clinton: How is that?

DeMint: You know the lady. I have this photo here from a Croatian language magazine named Gloria taken a few years after Brown’s death. In the center of the photo is Zdenka, the redhead, not bad looking. On her left, as you can see, is Secretary of Labor, Alexis Herman. On her right is you.

Clinton : Probably some big fundraiser. I get my picture taken with all kinds of people.

DeMint: This is a little more intimate, a lot more. This was taken at a wedding reception for Herman at the White House. You hosted it. Only 40 people attended, just about all of them DC big shots except Zdenka. Zdenka boasts that she was supporting your senate run and that—quote–“Hillary paid special attention to me.”

Clinton: And that’s somehow suspicious?

DeMint: It’s no more suspicious than your detour to Tuzla or the hole in Ron Brown’s head or the White House refusal to do an autopsy on Brown or the “inexplicable” deviation of the aircraft into the mountainside or the lethal bullet hole in the chest of the airport aviation manager.

Clinton: Are you finished?

DeMint: This is just question one, Senator. Fasten your seat belt.

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We have new details on Goldman Sachs’ $5 billion legal settlement


We have new details on Goldman Sachs’ $5 billion legal settlement

Evan Vucci/APGoldman Sachs CEO Lloyd Blankfein.

Jamie Dimon Lloyd Blankfein

Wells Fargo just agreed to pay $1.2 billion to settle ‘shoddy’ mortgage practices

We now know more about the $5 billion settlement Goldman Sachs has agreed to pay related to residential mortgage-backed securities it sold between 2005 and 2007.

Regulators announced details of the settlement on Monday.

Goldman initially announced the settlement in January. That nearly wiped out fourth-quarter earnings for the firm.

“Today’s settlement is yet another acknowledgment by one of our leading financial institutions that it did not live up to the representations it made to investors about the products it was selling,” said one regulator, US Attorney Benjamin B. Wagner of the Eastern District of California, in a statement.

“We are pleased to put these legacy matters behind us,” Goldman Sachs said in a statement. “Since the financial crisis, we have taken significant steps to strengthen our culture, reinforce our commitment to our clients, and ensure our governance processes are robust.”

Morgan Stanley announced a similar settlement in February. It agreed to pay $3.2 billion over charges that it misled investors on the quality of mortgage loans it sold.

And on Friday, the US Justice Department announced that Wells Fargo had agreed to pay $1.2 billion to settle “shoddy” mortgage-lending practices.

Here’s what we learned about the Goldman settlement on Monday:

  • $2.385 billion in a civil-monetary penalty
  • $875 million to settle claims by various federal and state entities, including:
    • $575 million to settle claims by the National Credit Union Administration
    • $37.5 million to settle claims by the Federal Home Loan Bank of Des Moines as successor to the Federal Home Loan Bank of Seattle
    • $37.5 million to settle claims by the Federal Home Loan Bank of Chicago
    • $190 million to settle claims by the state of New York
    • $25 million to settle claims by the state of Illinois
    • $10 million to settle claims by the state of California
  • $1.8 billion in the form of relief to aid consumers who were allegedly harmed

Here’s a press release from the Department of Justice:

WASHINGTON — The Justice Department, along with federal and state partners, announced today a $5.06 billion settlement with Goldman Sachs related to Goldman’s conduct in the packaging, securitization, marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. The resolution announced today requires Goldman to pay $2.385 billion in a civil penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) and also requires the bank to provide $1.8 billion in other relief, including relief to underwater homeowners, distressed borrowers and affected communities, in the form of loan forgiveness and financing for affordable housing. Goldman will also pay $875 million to resolve claims by other federal entities and state claims. Investors, including federally-insured financial institutions, suffered billions of dollars in losses from investing in RMBS issued and underwritten by Goldman between 2005 and 2007.

“This resolution holds Goldman Sachs accountable for its serious misconduct in falsely assuring investors that securities it sold were backed by sound mortgages, when it knew that they were full of mortgages that were likely to fail,” said Acting Associate Attorney General Stuart F. Delery. “This $5 billion settlement includes a $1.8 billion commitment to help repair the damage to homeowners and communities that Goldman acknowledges resulted from its conduct, and it makes clear that no institution may inflict this type of harm on investors and the American public without serious consequences.”

“Today’s settlement is another example of the department’s resolve to hold accountable those whose illegal conduct resulted in the financial crisis of 2008,” said Principal Deputy Assistant Attorney General Benjamin C. Mizer, head of the Justice Department’s Civil Division. “Viewed in conjunction with the previous multibillion-dollar recoveries that the department has obtained for similar conduct, this settlement demonstrates the pervasiveness of the banking industry’s fraudulent practices in selling RMBS, and the power of the Financial Institutions Reform, Recovery and Enforcement Act as a tool for combatting this type of wrongdoing.”

“Today’s settlement is yet another acknowledgment by one of our leading financial institutions that it did not live up to the representations it made to investors about the products it was selling,” said U.S. Attorney Benjamin B. Wagner of the Eastern District of California. “Goldman’s conduct in exploiting the RMBS market contributed to an international financial crisis that people across the country, including many in the Eastern District of California, continue to struggle to recover from. I am gratified that this office has developed investigations, first against JPMorgan Chase and now against Goldman Sachs, that have led to significant civil settlements that hold bad actors in this market accountable. The results obtained by this office and other members of the RMBS Working Group continue to send a message to Wall Street that we remain committed to pursuing those responsible for the financial crisis.”

The $2.385 billion civil monetary penalty resolves claims under FIRREA, which authorizes the federal government to impose civil penalties against financial institutions that violate various predicate offenses, including wire and mail fraud. The settlement expressly preserves the government’s ability to bring criminal charges against Goldman, and does not release any individuals from potential criminal or civil liability. In addition, as part of the settlement, Goldman agreed to fully cooperate with any ongoing investigations related to the conduct covered by the agreement.

Of the $875 million Goldman has agreed to pay to settle claims by various other federal and state entities: Goldman will pay $575 million to settle claims by the National Credit Union Administration, $37.5 million to settle claims by the Federal Home Loan Bank of Des Moines as successor to the Federal Home Loan Bank of Seattle, $37.5 million to settle claims by the Federal Home Loan Bank of Chicago, $190 million to settle claims by the state of New York, $25 million to settle claims by the state of Illinois and $10 million to settle claims by the state of California.

Goldman will pay out the remaining $1.8 billion in the form of relief to aid consumers harmed by its unlawful conduct. $1.52 billion of that relief will be paid out pursuant to an agreement with the United States that Goldman will provide loan modifications, including loan forgiveness and forbearance, to distressed and underwater homeowners throughout the country, as well as financing for affordable rental and for-sale housing throughout the country. This agreement represents the largest commitment in any RMBS agreement to provide financing for affordable housing—a crucial need following the turmoil of the financial crisis. $280 million will be paid out by Goldman pursuant to an agreement separately negotiated with the state of New York.

The settlement includes a statement of facts to which Goldman has agreed. That statement of facts describes how Goldman made false and misleading representations to prospective investors about the characteristics of the loans it securitized and the ways in which Goldman would protect investors in its RMBS from harm (the quotes in the following paragraphs are from that agreed-upon statement of facts, unless otherwise noted):

  • Goldman told investors in offering documents that “[l]oans in the securitized pools were originated generally in accordance with the loan originator’s underwriting guidelines,” other than possible situations where “when the originator identified ‘compensating factors’ at the time of origination.” But Goldman has today acknowledged that, “Goldman received information indicating that, for certain loan pools, significant percentages of the loans reviewed did not conform to the representations made to investors about the pools of loans to be securitized.”
  • Specifically, Goldman has now acknowledged that, even when the results of its due diligence on samples of loans from those pools “indicated that the unsampled portions of the pools likely contained additional loans with credit exceptions, Goldman typically did not . . . identify and eliminate any additional loans with credit exceptions.” Goldman has acknowledged that it “failed to do this even when the samples included significant numbers of loans with credit exceptions.”
  • Goldman’s Mortgage Capital Committee, which included senior mortgage department personnel and employees from Goldman’s credit and legal departments, was required to approve every RMBS issued by Goldman. Goldman has now acknowledged that “[t]he Mortgage Capital Committee typically received . . . summaries of Goldman’s due diligence results for certain of the loan pools backing the securitization,” but that “[d]espite the high numbers of loans that Goldman had dropped from the loan pools, the Mortgage Capital Committee approved every RMBS that was presented to it between December 2005 and 2007.” As one example, in early 2007, Goldman approved and issued a subprime RMBS backed by loans originated by New Century Mortgage Corporation, after Goldman’s due diligence process found that one of the loan pools to be securitized included loans originated with “[e]xtremely aggressive underwriting,” and where Goldman dropped 25 percent of the loans from the due diligence sample on that pool without reviewing the unsampled 70 percent of the pool to determine whether those loans had similar problems.
  • Goldman has acknowledged that, for one August 2006 RMBS, the due diligence results for some of the loan pools resulted in an “unusually high” percentage of loans with credit and compliance defects. The Mortgage Capital Committee was presented with a summary of these results and asked “How do we know that we caught everything?” One transaction manager responded “we don’t.” Another transaction manager responded, “Depends on what you mean by everything? Because of the limited sampling . . . we don’t catch everything . . .” Goldman has now acknowledged that the Mortgage Capital Committee approved this RMBS for securitization without requiring any further due diligence.
  • Goldman made detailed representations to investors about its “counterparty qualification process” for vetting loan originators, and told investors and one rating agency that Goldman would engage in ongoing monitoring of loan sellers. Goldman has now acknowledged, however, that it “received certain negative information regarding the originators’ business practices” and that much of this information was not disclosed to investors.
  • For example, Goldman has now acknowledged that in late 2006 it conducted an internal analysis of the underwriting guidelines of Fremont Investment & Loan (an originator), which found many of Fremont’s guidelines to be “off market” or “at the aggressive end of market standards.” Instead of disclosing its view of Fremont’s underwriting, Goldman has acknowledged that it “[u]ndertook a significant marketing effort” to tell investors about what Goldman called Fremont’s “commitment to loan quality over volume” and “significant enhancements to Fremont underwriting guidelines.”  Fremont was shut down by federal regulators within several months of these statements.
  • In another example, Goldman was aware in early-mid 2006 of certain issues with Countrywide Financial Corporation’s origination process, including a pattern of non-responsiveness and inability to provide sufficient staff to handle the numerous loan pools Countrywide was selling. In April 2006, while Goldman was preparing an RMBS backed by Countrywide loans for securitization, a Goldman mortgage department manager circulated a “very bullish” equity research report that recommended the purchase of Countrywide stock. Goldman’s head of due diligence, who had just overseen the due diligence on six Countrywide pools, responded “If they only knew . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”
  • Meanwhile, as Goldman has acknowledged in this statement of facts, “[Around the end of 2006], Goldman employees observed signs of uncertainty in the residential mortgage market [and] by March 2007, Goldman had largely halted new purchases of subprime loan pools.”

Assistant U.S. Attorneys Colleen Kennedy and Kelli Taylor of the Eastern District of California investigated Goldman’s conduct in connection with RMBS, with the support of the Federal Housing Finance Agency’s Office of the Inspector General (FHFA-OIG) and the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).

“Goldman Sachs had a fiduciary responsibility to investors, which they blatantly side stepped,” said Deputy Inspector General for Investigation Rene Febles of FHFA-OIG. “They knowingly put investors at risk and in so doing contributed significantly to the financial crisis. The losses caused by this irresponsible behavior deeply affected not only financial institutions but also taxpayers and one can only hope that Goldman Sachs has learned the difference between risk and deceit. Two Federal Home Loan Banks suffered significant losses so we are pleased to see both entities receive a portion of this settlement. We will continue to work with our law enforcement partners to hold those accountable who have engaged in misconduct.”

“Goldman took $10 billion in TARP bailout funds knowing that it had fraudulently misrepresented to investors the quality of residential mortgages bundled into mortgage backed securities,” said Special Inspector General Christy Goldsmith Romero for TARP. “Many of these toxic securities were traded in a taxpayer funded bailout program that was designed to unlock frozen credit markets during the crisis. While crisis investigations take time, SIGTARP is committed to working with our law enforcement partners to protect taxpayers and bring accountability and justice.”

The settlement is part of the ongoing efforts of President Obama’s Financial Fraud Enforcement Task Force’s RMBS Working Group, which has recovered tens of billions of dollars on behalf of American consumers and investors for claims against large financial institutions arising from misconduct related to the financial crisis. The RMBS Working Group brings together attorneys, investigators, analysts and staff from multiple state and federal agencies, including the Department of Justice, U.S. Attorneys’ Offices, the FBI, the U.S. Securities and Exchange Commission (SEC), the Department of Housing and Urban Development (HUD), HUD’s Office of Inspector General, the FHFA-OIG, SIGTARP, the Federal Reserve Board’s OIG, the Recovery Accountability and Transparency Board, the Financial Crimes Enforcement Network and multiple state Attorneys General offices around the country. The RMBS Working Group is led by Director Joshua Wilkenfeld and five co-chairs: Principal Deputy Assistant Attorney General Mizer, Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, Director Andrew Ceresney of the SEC’s Division of Enforcement, U.S. Attorney John Walsh of the District of Colorado and New York Attorney General Eric Schneiderman. This settlement is the fifth multibillion-dollar RMBS settlement announced by the working group.

Here’s a press release from New York Attorney General Eric Schneiderman:

NEW YORK — Attorney General Eric T. Schneiderman today joined members of the state and federal working group he co-chairs to announce a $5 billion settlement with Goldman Sachs over the bank’s deceptive practices leading up to the financial crisis. The settlement includes $670 million—$480 million worth of creditable consumer relief and $190 million in cash—that will be allocated to New York State. The resolution requires Goldman Sachs to provide significant community-level relief to New Yorkers, including resources that will facilitate a significant expansion of the New York State Mortgage Assistance Program enabling distressed homeowners to restructure their debt, as well as first-lien principal forgiveness, and funds to spur the construction of more affordable housing. Additional resources will be dedicated to helping communities transform their code enforcement systems, and invest in land banks and land trusts.

The settlement was negotiated through the Residential Mortgage-Backed Securities Working Group, a joint state and federal working group formed in 2012 to share resources and continue investigating wrongdoing in the mortgage-backed securities market prior to the financial crisis.

New York has now received $5.33 billion in cash and consumer relief from the National Mortgage Settlement (NMS) and all five Residential Mortgage-Backed Securities Working Group settlements (RMBS). The combined $3.2 billion in cash and consumer relief from RMBS settlements is more than any other state.

“Since 2012, my number one priority has been getting New Yorkers the resources they need to rebuild,” Attorney General Schneiderman said. “These dollars will immediately go to work funding proven programs and services to help New Yorkers keep their homes and rebuild their communities. We’ve witnessed the incredible impact these programs and services can have in helping communities recover from the financial crisis. This settlement, like those before it, ensures that these critical programs—such as mortgage assistance, principal forgiveness, and code enforcement—will continue to get funded well into the future, and will be paid for by the institutions responsible for the financial crisis.”

The settlement includes an agreed-upon statement of facts that describes how Goldman Sachs made multiple representations to RMBS investors about the quality of the mortgage loans it securitized and sold to investors, its process for screening out questionable loans, and its process for qualifying loan originators. Contrary to those representations, Goldman Sachs securitized and sold RMBS backed by large numbers of loans from originators whose mortgage loans contained material defects.

In the statement of facts, Goldman Sachs acknowledges that it securitized thousands of Alt-A, and subprime mortgage loans and sold the resulting residential mortgage-backed securities (“RMBS”) to investors for tens of billions of dollars. During the course of its due diligence process, Goldman Sachs received pertinent information indicating that significant percentages of the loans reviewed did not conform to the representations it made to investors. Goldman also received and failed to disclose negative information that it obtained regarding the originators’ business practices. Indeed, Goldman’s due diligence vendors provided Goldman with reports reflecting that the vendors had graded significant numbers and percentages of sampled loans as EV3s, i.e., not in compliance with originator underwriting guidelines. In certain circumstances, Goldman reevaluated loan grades and directed that such loans be waived into the pools to be purchased or securitized.

Even when the percentage of problematic loans in pools sampled by it vendors indicated that the unsampled portions of the pools likely contained additional such loans, Goldman typically did not increase the size of the sample or review the unsampled portions of the pools to identify and eliminate any additional such loans. In many cases, 80 percent or more of the loans in the loan pools Goldman purchased and securitized were not sampled for credit and compliance due diligence. Nevertheless, Goldman approved various offerings for securitization without requiring further due diligence to determine whether the remaining loans in the deal contained defects. A Goldman employee overseeing due diligence for a particular loan pool noted that the pool included loans originated with “[e]xtremely aggressive underwriting” and “large program exceptions made without compensating factors.” Despite this observation, Goldman did not review the remaining portion of the pool, and subsequently securitized thousands of loans from the pool.

Goldman made statements to investors in offering documents and in certain other marketing materials regarding its process for reviewing and approving originators, yet it failed to disclose to investors negative information it obtained about mortgage loan originators and its practice of securitizing loans from suspended originators.

Beginning in mid-2006, Goldman recognized that Fremont, a “key originator, was experiencing an increasing level of early payment defaults (“EPDs”) (i.e., loans for which the borrowers had failed to make one or more of their first payments). Goldman was aware that EPDs were a sign of originators’ bad credit decisions and could be indicators of potential borrower fraud. However, Goldman did not put Fremont on its “no bid” list and continued to purchase loan pools from Fremont during the period Fremont’s EPD claims remained unpaid. Moreover, Goldman “[u]ndertook a significant marketing effort” to tell investors about what Goldman called Fremont’s “commitment to loan quality over volume” and “significant enhancements to Fremont underwriting guidelines.” Likewise, Goldman identified issues with Countrywide’s origination practices. Goldman’s head of due diligence, when presented with a “very bullish” equity report on Countrywide, another large originator, exclaimed “[i]f they only knew  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .”

Attorney General Schneiderman was elected in 2010 and took office in 2011, when the five largest mortgage servicing banks, 49 state attorneys general, and the federal government were on the verge of agreeing to a settlement that would have released the banks—including Bank of America—from liability for virtually all misconduct related to the financial crisis. Attorney General Schneiderman refused to agree to such sweeping immunity for the banks. As a result, Attorney General Schneiderman secured a settlement that preserved a wide range of claims for further investigation and prosecution. In his 2012 State of the Union address, President Obama announced the formation of the RMBS Working Group. The collaboration brought together the Department of Justice (DOJ), other federal entities, and several state law enforcement officials—co-chaired by Attorney General Schneiderman—to investigate those responsible for misconduct contributing to the financial crisis through the pooling and sale of residential mortgage-backed securities.

Under today’s settlement, Goldman Sachs will be required to provide a minimum of $480 million in creditable consumer relief directly to struggling families and communities across the state. The settlement includes a menu of options for consumer relief to be provided, and different categories of relief are credited at different rates toward the bank’s $480 million obligation, including at least:

  • $220 million for debt restructuring
  • $30 million for land banks and land trusts
  • $30 million for code enforcement
  • $150 million for first-lien principal reduction
  • $50 million for the creation and preservation of affordable rental housing

In addition to the settlement with Goldman Sachs, the RMBS working group has reached settlements with four other major financial institutions since 2012:

  • J.P. Morgan Chase: $13 Billion
  • Bank of America: $16.6 Billion
  • Citibank: $7 Billion
  • Morgan Stanley: $3.2 Billion

The National Mortgage Settlement (NMS), reached with the five largest national mortgage servicers, has provided $51 billion in consumer relief and cash nationwide. The combined amount of cash and consumer relief that has been returned to New York as a result of all the RMBS and NMS deals is $1.481 billion in cash and $3.857 in consumer relief, for a total of $5.338 billion. This matter was led by Senior Enforcement Counsel for Economic Justice Steven Glassman and Assistant Attorneys General Desiree Cummings and Kenneth Haim, both of the Investor Protection Bureau.

 

Health Ranger: “California to throw adults in JAIL if they refuse government-mandated vaccines”


California to throw adults in JAIL if they refuse government-mandated vaccines

SB792
 (NaturalNews) In case you haven’t noticed, there’s an incremental push right now by the controlling elite to force vaccinations on all Americans, both young and old. And this agenda is gaining considerable traction in California, where legislators are now moving forward with plans to force childhood vaccines on all adults who work in daycare centers, both private and public.

Senate Bill 792, also known as the “Day care facilities: immunizations: exemptions” act, was presented quietly alongside SB 277, which eliminates personal, philosophical and religious vaccine exemptions for children who attend both private and public schools in the Golden State. The bill, as recently heard by the California Assembly Human Services Committee, reads as follows:

This bill, commencing September 1, 2016, would prohibit a day care center or a family day care home from employing any person who has not been immunized against influenza, pertussis, and measles.

If passed, SB 792 would represent the first adult vaccine mandate in the U.S. that disallows exemptions for personal reasons, and that threatens criminal penalties for those who fail or refuse to comply. Here’s how Vaccine Impact describes SB 792:

SB 792, would eliminate an adult’s right to exempt themselves from one, some, or all vaccines, a risk-laden medical procedure.


This bill would make California the first state to require mandated vaccinations for all childcare workers, including all private and public school early childhood education programs (Headstart, Private preK and preschools), family daycares, and daycare centers.

SB 792 represents medical violence against adults

An affront to both medical and religious liberty, SB 792 appears to be the wave of the future in New America, where the perceived health of the “herd” is now more important than the health of the individual. Never before in the history of the United States have legislators pushed this hard to literally force vaccine injections on the public under duress.

But why do they feel the need to do this if vaccines really work and are truly safe as claimed? The answer is that vaccines aren’t safe and effective, and more people than ever are acknowledging this truth and opting out of the “requirements” of the system through vaccine exemptions, hence the rush to eliminate these exemptions as quickly as possible, starting with California.

“This bill eliminates medical autonomy, crushes religious freedom, undermines personal freedom, and burdens quality providers with a non-optional series of medical interventions in the form of mandated vaccines that are not even 100% effective,” adds Vaccine Impact.

Contact California legislators and say NO to SB 792

As of this writing, SB 792 awaits a hearing by California’s Committee on Appropriations, having recently passed through the Assembly Human Services Committee with a 6-1 vote. The official vote tally reveals that the following members of this committee voted in FAVOR of passing SB 792:

Ian C. Calderon
Kansen Chu
Patty Lopez
Brian Maienschein
Mark Stone
Tony Thurmond

You can contact the above individuals here and let them know how you feel about their betrayal of medical freedom in California.

You can also contact the individual members of the Committee on Appropriations and tell them to vote AGAINST SB 792 by visiting: pro.assembly.ca.gov

If Americans sit idly by while corrupt legislators pass incremental bills like SB 277 and SB 792, it will only be a matter of time before even stricter bills come along mandating vaccinations for additional groups of people, until eventually everyone is forced into being vaccinated by the state for the benefit of “public health.”

“Laws like these are forging a burden of responsibility that is collectively shared by everyone,” writes Joshua Krause for GlobalResearch.ca.

“It won’t be long before they try to force vaccines on every adult and child in California. And if they pull it off there, legislators in other states will try to see if they can use the sheepish tyranny of majority rule to force vaccines on their citizens as well.”

Sources:

experimentalvaccines.org

vaccineimpact.com

globalresearch.ca

leginfo.legislature.ca.gov

apro.assembly.ca.gov

$150 billion in bank fines and penalties


7 years on from crisis, $150 billion in bank fines and penalties
http://www.cnbc.com/2015/04/30/7-years-on-from-crisis-150-billion-in-bank-fines-and-penalties.html
John W. Schoen | @johnwschoen
Thursday, 30 Apr 2015 | 2:32 PM ET

(Scott Mlyn | CNBC )

Bank of America
Scott Mlyn | CNBC

More than seven years after the global financial collapse, regulators and investors are still working through an epic pile of lawsuits and other civil actions, collecting settlements, fines and other penalties for a long list of wrongdoing.

The latest settlement involved Bank of America, which agreed this week to pay $180 million to settle a lawsuit that claimed the Charlotte, North Carolina-based bank and others manipulate foreign-exchange rates, according to The Wall Street Journal. JPMorgan Chase has already settled with the same investor group, while others, including Citigroup, are expected to settle soon, the The Journal notes.

The 2013 lawsuit claimed bank traders shared customer information to profit at their clients’ expense, according to the report.

The settlement follows a seven-year effort by federal and state regulators that included dozens of actions related to a broad range of misconduct and fraud, including bilking mortgage investors, laundering money and evading taxes. So far, banks and other institutions have paid more than $150 billion in fines, settlements and other penalties, according to a tally by the Financial Times.

That compares with roughly $700 billion in profits generated by U.S. banks between 2007 and 2014, according to Federal Deposit Insurance Corp. data.

Financial penalties
Banks and other financial firms have paid more than $150 billion in fines, settlements and restitution to homeowners and investors since the finanical crisis. Click on a bubble for details, then hover over bars for payment descriptions. (SOURCE: Financial Times.)

Bank of America: $57.8 Billion
JPMorgan Chase: $31.3 Billion
Citigroup $12.8 Billion
Wells Fargo $ 9.7 Billion
PNB Paribas $ 8.9 Billion
HSBC $ 3.5 Billion
UBS $ 3.5 Billion
Sun Trust $ 2.9 Billion
Also listed are Credit Suisse, Deutsche Bank, but for which no amount of money is shown:

Bank of America
Scott Mlyn | CNBC

More than seven years after the global financial collapse, regulators and investors are still working through an epic pile of lawsuits and other civil actions, collecting settlements, fines and other penalties for a long list of wrongdoing.

The latest settlement involved Bank of America, which agreed this week to pay $180 million to settle a lawsuit that claimed the Charlotte, North Carolina-based bank and others manipulate foreign-exchange rates, according to The Wall Street Journal. JPMorgan Chase has already settled with the same investor group, while others, including Citigroup, are expected to settle soon, the The Journal notes.

The 2013 lawsuit claimed bank traders shared customer information to profit at their clients’ expense, according to the report.

The settlement follows a seven-year effort by federal and state regulators that included dozens of actions related to a broad range of misconduct and fraud, including bilking mortgage investors, laundering money and evading taxes. So far, banks and other institutions have paid more than $150 billion in fines, settlements and other penalties, according to a tally by the Financial Times.

That compares with roughly $700 billion in profits generated by U.S. banks between 2007 and 2014, according to Federal Deposit Insurance Corp. data.

Some of those involved charges against individual bankers. About 70 CEOs, CFOs and other senior corporate officers had been charged by the Securities and Exchange Commission as of October, the latest data available. The SEC says it collected $3.6 billion in penalties and other payments related to the charges.

Bank of America
Scott Mlyn | CNBC

More than seven years after the global financial collapse, regulators and investors are still working through an epic pile of lawsuits and other civil actions, collecting settlements, fines and other penalties for a long list of wrongdoing.

The latest settlement involved Bank of America, which agreed this week to pay $180 million to settle a lawsuit that claimed the Charlotte, North Carolina-based bank and others manipulate foreign-exchange rates, according to The Wall Street Journal. JPMorgan Chase has already settled with the same investor group, while others, including Citigroup, are expected to settle soon, the The Journal notes.

The 2013 lawsuit claimed bank traders shared customer information to profit at their clients’ expense, according to the report.

The settlement follows a seven-year effort by federal and state regulators that included dozens of actions related to a broad range of misconduct and fraud, including bilking mortgage investors, laundering money and evading taxes. So far, banks and other institutions have paid more than $150 billion in fines, settlements and other penalties, according to a tally by the Financial Times.

That compares with roughly $700 billion in profits generated by U.S. banks between 2007 and 2014, according to Federal Deposit Insurance Corp. data.

Some of those involved charges against individual bankers. About 70 CEOs, CFOs and other senior corporate officers had been charged by the Securities and Exchange Commission as of October, the latest data available. The SEC says it collected $3.6 billion in penalties and other payments related to the charges.

The biggest payments have gone to the Justice Department, which has collected some $50 billion, according to the FT tally.

Among the banks paying the biggest amounts, Bank of America tops the list—with nearly $58 billion, followed by JPMorgan Chase ($31.3 billion), Citigroup ($12.8 billion) and Wells Fargo ($9.7 billion).

http://video.cnbc.com/gallery/?video=3000375715

“It’s 300 TONS of Radioactive, Toxic Alphabet Soup of radioactive poisons, cesium…Strontium-90, Plutonium isotopes…Every Single Day For the Past Nearly 4 Years Now — 300 TONS EVERY DAY!!!


All I know to tell yall, is that the sheeple need to awaken, and something has to be done, or humankind will be on a trap into extinction. At least the way humankind is now. There may be a fucked up mutated mess of a human in a few generations, but babies being born without brains… and the other horrors that have been already experienced, everybody needs to get a grip!

TV: Unprecedented catastrophe underway at Fukushima… Radioactive material will keep coming across to North America for centuries — Gundersen: Melted nuclear fuel to bleed into ocean for decades, perhaps centuries… Entire Pacific is being contaminated (VIDEO)
Published: October 22nd, 2014 at 9:57 am ET
By ENENews
http://enenews.com/gundersen-fukushima-will-bleed-ocean-centuries-entire-pacific-contaminated-tv-will-keep-coming-across-north-america-years-centuries-unprecedented-catastrophe-video

image040 1

Arnie Gundersen, nuclear engineer, Oct. 20, 2014 (at 13:30 in): Chronic and long-lasting radioactive releases are [ongoing]… Fukushima continues to bleed into the ocean, because those nuclear cores have melted down and are in direct contact with the groundwater. It will bleed for centuries perhaps, and certainly decades to come. So when you compare these nuclear accidents… [Chernobyl] didn’t hit groundwater… The bottom line is that accidents are getting worse… Chernobyl contaminated all of Europe – Fukushima is contaminating the entire Pacific. >> Watch presentation here

Kevin Kamps, nuclear waste watchdog, Oct. 21, 2014 (at 46:00 in): It shows what’s really been expected, that the massive releases of radioactivity — both atmospheric, that fell out on the ocean, and liquid, that are still on a daily basis pouring into the ocean — are slowly, or not so slowly, making their way to the North American coastline… This is going to keep going on for years, decades, even centuries into the future… Everyday, it’s 300 tons of radioactive groundwater that flows into the sea – every single day for the past nearly 4 years now — 300 tons of radioactive groundwater, containing a toxic alphabet soup of radioactive poisons, cesium… strontium-90, plutonium isotopes. That’s each and every day, so it is an unprecedented catastrophe for the oceans… The significance is — that is open ocean sea water. The bioaccumulation, biomagnification — we’re talking about orders of magnitude concentration of these radioactive poisons. First plankton, then go up the food chain — we are at the top of that food chain. So that’s just going to get worse the further up the food chain you go. It’s a very significant issue that the US federal government and the state governments are not paying attention to. >> Watch broadcast here

See also: Fukushima nuclear waste detected off U.S. West Coast, from California to Canada — “There is definitely offshore Fukushima cesium now” — Test results will not be revealed to public for several weeks (VIDEO)

RSOE Emergency and Disaster Information Service


RSOE EDIS
RSOE Emergency and Disaster Information Service
Budapest, Hungary

RSOE EDIS ALERTMAIL

2014-10-17 04:16:17 – Biological Hazard – USA

EDIS Code: BH-20141017-45665-USA
Date&Time: 2014-10-17 04:16:17 [UTC]
Continent: North-America
Country: USA
State/Prov.: State of California,
Location: San Diego County,
City:

Not confirmed information!

Event location map
Description:
A deer mouse trapped in Fallbrook tested positive for hantavirus, which can cause a potentially deadly respiratory disease, the San Diego County Department of Environmental Health reported Thursday. The mouse was the seventh captured rodent this year to have hantavirus. County officials said San Diegans need to be careful when cleaning up rodent droppings. “The best way to protect yourself is to avoid exposure,” said DEH Director Elizabeth Pozzebon. “But if you have to clean an area where rodents have been, don’t sweep or vacuum. Use wet-cleaning methods.” Hantavirus is not easily transmitted to humans, but if it happens, it can lead to hantavirus pulmonary syndrome, which the county said is fatal 38 percent of the time. The disease starts off like the flu, but respiratory problems set in that can be deadly.

The name of Hazard: Hantavirus
Species: Animal
Status: Confirmed

Posted:2014-10-17 04:16:17 [UTC]

Can We Say, He’s Lying?: UC Berkeley Prof.: “We did indeed see high… fairly… I mean… some… level of radiation”


Gov’t: US, Canada hit with “high concentrations” of Fukushima nuclear material; Tremendous impact all over world, enormous public health consequences — West Coast plume was 500% of level requiring NRC be notified — UC Berkeley Prof.: “We did indeed see high… fairly… I mean… some… level of radiation” (AUDIO)

Published: October 17th, 2014 at 9:52 am ET
By

http://enenews.com/top-5

Korea Atomic Energy Research Institute, research project funded by the Korean gov’t, published 2014 (emphasis added):  … even though almost three years have passed since the [Fukushima] accident, it is still having a tremendous impact not only on Japan but all over the world… [Fission products] are easily dispersed in the atmosphere [and] transported very easily by winds… [O]nce they are released into the atmosphere, their consequences are enormous from the viewpoint of the public health
DCPP NRC RL
[A] high concentration of 137Cs arrived in western North America on 17 March 2011… [The] release of large amounts of radioactivity into the environment poses a global risk… [F]ission products… can be easily transported to any places in the world [and] not just be deposited locally but globally… Recently, computer simulations revealed that on average only 8% of the 137Cs airborne particles are expected to deposit within an area of 50 km around the accident site and about
50% of the airborne particles would be deposited outside a radius of 1000 km…Due to this radioactivity release into the environment, the Fukushima accident has had a tremendous impact not only on Japan but all over the world as well… radioactive material knows no national boundary…

Martin Wright, Radiation Protection Sr. Engineer at Diablo Canyon nuclear plant, 21st Annual RETS/REMP Workshop

Interview with Prof. Kai Vetter, UC Berkeley Department of Nuclear Engineering, Apr. 15, 2011 (at 3:30 in): Even for us, it’s not really clear what happened, and what is still ongoing. Overall the message is, indeed, it’s better… our information right now is it’s much better controlled than 3 weeks ago, when we did indeed see high… fairly… I mean… some… level of radiation, and since then, declining… There are still continued releases from the environment there — not as much 3 weeks ago — but there’s still some releases. >> Full interview here

See also: During worst Fukushima releases, region in California hit hard by plume had NO radiation monitors — Email reveals EPA ‘decided’ not to deploy RADNET to area — Only one that was working ‘broke’ as radioactivity began to spike — “No clue” about exposure levels

Published: October 17th, 2014 at 9:52 am ET
By
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