Chapter XI – The Fleecing of America: 9-11 and the Crisis on Wall Street
The Fleecing of America: 9-11 and the Crisis on Wall Street
Maurice R. Greenberg, chief fraudster of A.I.G. and 9/11 conspiracy suspect. Greenberg’s fraudulent company received more than $180 billion from the U.S. Treasury in the Bush-Obama bailout.
“[The bailout plan] does nothing basically for the stressed mortgage payer. It does a lot for three or four or five banks… ”
– Sen. Richard Shelby, (R-Alabama)
“I’ve never seen people so angry. Our calls are a hundred to one against this bailout. They don’t trust the government.”
Sen. Jim DeMint (R-South Carolina)
Taxpayers Forced to Bail Out Banksters
The current financial crisis in the United States involves some of the very same Zionist criminals and entities discussed in the earlier chapter, “The Architecture of Terror: Mapping the Network Behind 9/11.” The collapse of their criminal scams on Wall Street could very well expose more clandestine intrigues involving the Zionist gangsters behind 9/11, if it were allowed to happen. Such outrageous criminal scams cannot be kept hidden for long. The criminals behind this latest financial scam need to be brought down – not propped up. If anyone should be in Guantanamo facing harsh interrogation for answers about 9/11, it is people like Maurice Greenberg and Michael Chertoff.
The government loan of $85 thousand millions of U.S. taxpayer dollars ($85 billion) to keep afloat Maurice Greenberg’s criminal operation, American International Group (A.I.G.), brings into the spotlight one of the key individuals in the Zionist criminal network behind 9-11.
Maurice Greenberg and his fraudulent company A.I.G. have paid fines of more than $1 billion for various financial crimes. Greenberg was personally fined more than $130 million in 2009. Why was Greenberg’s criminal racket bailed out?
CRIME PAYS: $85 BILLION FOR GREENBERG
Where’s the outrage? If George W. Bush is not directly related to Isadore Bush, the Jewish wine merchant who headed the B’nai B’rith lodge in St. Louis in the late 1800s, he just as well ought to be. As president, George W. Bush has done more to advance the agenda of the secretive Jewish brotherhood of Freemasons, the real Elders of Zion, than any other political leader in living memory. The proposed plan to use $700 billion taxpayer dollars to bail out the Zionist gangsters of Wall Street is Bush’s coup de grâce, the final thrust of the dagger by a treasonous president into the bleeding body politic.
The Zionist plan to bail out A.I.G. and its criminal boss, Maurice R. Greenberg, with a government loan of $85 billion dollars should have gotten American taxpayers up in arms. This was, after all, taxpayer money they are stealing. The $700 billion bailout was described by the New York Times as “an ambitious effort to transfer the bad debts of Wall Street into the obligations of American taxpayers.” Make no mistake about it, the bailout was a massive transfer of American wealth to Zionist criminals – a huge “rip-off” in plain English.
On 26 September 2008 President Bush scrambled to bring rebellious members of his own party behind a $700 billion dollar taxpayer bailout of Wall Street banks amid bitter political recriminations from both Democrats and Republicans over collapsed negotiations, the AP reported. Sen. Richard Shelby, an Alabama Republican, said many GOP lawmakers disliked the proposal that has been pushed on the administration’s behalf principally by Henry Paulson. “Basically, I believe the Paulson proposal is badly structured,” he said. “It does nothing basically for the stressed mortgage payer. It does a lot for three or four or five banks.”
USING FEAR TO SOFTEN RESISTANCE
Like all dictators, President Bush employed fear and deception to accomplish his criminal agenda. His prime-time speech to the nation on 24 September 2008 was a classic example of how the un-elected president used fear to soften public resistance to the $700 billion bailout of criminal enterprises like A.I.G. His speech was short on facts and long on fear. It should be noted that Bush is the same man who lied to the world about Iraq’s weapons of mass destruction, and who recklessly started two illegal wars of aggression after 9/11, which he and his vice president Dick Cheney adamantly refused to investigate.
The keystone to the Bush-Bernanke $700 billion bailout was the $85 billion made available to Maurice Greenberg’s A.I.G. As I point out, A.I.G. is a criminal operation which engaged in illegal conduct for many years. American taxpayer money should never be used to support criminal operations like A.I.G.
Here is the key paragraph from Bush’s prime time televised speech, which was clearly meant to put fear in American hearts:
The government’s top economic experts warn that without immediate action by Congress, America could slip into a financial panic, and a distressing scenario would unfold: More banks could fail, including some in your community. The stock market would drop even more, which would reduce the value of your retirement account. The value of your home could plummet. Foreclosures would rise dramatically. And if you own a business or a farm, you would find it harder and more expensive to get credit. More businesses would close their doors, and millions of Americans could lose their jobs. Even if you have good credit history, it would be more difficult for you to get the loans you need to buy a car or send your children to college. And ultimately, our country could experience a long and painful recession.
A $700 billion expenditure on distressed mortgage-related assets was roughly as much as the United States had spent in direct costs on the Iraq war and more than the Pentagon’s total yearly budget appropriation. The bailout cost every man, woman and child in the United States more than $2,000 — before interest.
Fed chairman Ben Shalom Bernanke held a series of conference calls with members of Congress to push the bailout. No wonder hard-working Americans despise Jewish crooks like Maurice Greenberg and Ben Bernanke. I don’t understand why the public is not protesting and burning tires in the streets of American cities. It is certainly no secret that A.I.G. is a criminal operation; this is known to anyone who reads the newspapers. Doesn’t anybody read the papers?
Why didn’t Americans get up in arms in protest over the bailout? To my mind, it can only be because the news coverage of the huge bailout never mentioned Greenberg’s long history of criminal activity. The bailout, proposed at $700 billion, was portrayed as something that was absolutely necessary to save the economy of Main Street — not a bailout for banksters and other criminals of the highest magnitude.
“IF WE WERE LEGAL, WE WOULDN’T BE IN BUSINESS”
It should be noted that my accusations about Greenberg’s criminality are well documented, in the New York Times, for example. The following article entitled “Excerpts from Complaint Against A.I.G. by New York,” dated May 27, 2005, reveals that Greenberg was aware of the criminal nature of A.I.G.’s business — and that he wanted to keep it that way:
Following are excerpts from the complaint filed yesterday against American International Group (A.I.G.); its former chief executive, Maurice R. Greenberg (M.R.G.); and its former chief financial officer, Howard I. Smith, by the New York attorney general and the New York superintendent of insurance:
Both Greenberg and Smith had a direct personal interest in A.I.G.’s stock price; both held hundreds of thousands of shares of A.I.G. stock. For example, the value of Greenbergs’s holdings increased or decreased approximately $65 billion for every dollar A.I.G. stock moved.
For over a decade, A.I.G. engaged in a scheme to mischaracterize premiums paid on the workers’ compensation line of insurance…
In 1991, A.I.G.’s general counsel, newly arrived from a law firm, undertook a review of the practice… In his interviews, the general counsel learned about the cost that the company would have to incur to ‘get legal.’ It would have to hire about 40 new people to do filings properly, charge clients more and pay ‘much higher’ assessment fees.
Indeed, the general counsel’s notes reflect that at one stage, an employee went to A.I.G.’s president and was told ‘that M.R.G. [Maurice R. Greenberg] did not want him to change things to make it legal – he wants to continue as is.’
In another interview, a witness recounted a meeting that he and others had with Greenberg. According to the notes, M.R.G. asked, ‘Are we legal?’ When an employee responded, ‘If we were legal, we wouldn’t be in business,’ then M.R.G. began laughing and that was the end of it.
Maurice Greenberg’s son, Jeffrey, headed Marsh & McLennan Companies, the nation’s largest insurance broker, which took kickbacks and colluded with A.I.G. to rig bids, artificially jacking up the premiums companies pay for liability insurance, according to a civil fraud complaint filed by New York Attorney General Eliot L. Spitzer in 2004.
The civil fraud complaint named A.I.G., Hartford Financial Services Group Inc., ACE Ltd. (another Greenberg company), and a division of Munich Re as active participants in the scheme. Jeffrey Greenberg resigned in October 2004, less than two weeks after Marsh & McLennan was accused of cheating customers. Oddly, as a result, Eliot Spitzer said that he would not bring criminal charges against Marsh. Although Maurice Greenberg was also forced to resign as CEO of A.I.G, he was able to maintain his control of the company through his ownership of stock and managing companies such as Starr International and C.V. Starr.
Jeffrey Greenberg resigned from Marsh & McLennan after being accused of serious financial crimes. The first plane of 9-11 flew directly into his company’s secure computer room in the North Tower. Coincidence or conspiracy?
A.I.G. GUILTY OF CRIMINAL FRAUD
At least two senior A.I.G. executives pleaded guilty to criminal fraud, acknowledging that they had schemed with Marsh and submitted uncompetitive bids to help the broker steer clients to other companies. While it was under investigation in 2005, A.I.G. disclosed “extensive accounting irregularities.” The company’s earnings for the past five years were adjusted by some $4 billion. In 2004, Greenberg was paid at least $20 million from Starr International, his private company in Panama, and A.I.G.
Why is the U.S. government bailing out known criminals rather than arresting them? Are we laughing as President Bush and his Zionist advisers and appointees reward Greenberg’s criminal conduct with an $85 billion bailout? Is this not evidence that the U.S. government is a “crimocracy”? Could this bailout of criminals be stopped if Americans protested loudly enough?
The key person in the Zionist crimocracy behind the bailout is Ben Shalom Bernanke, the “head of the Fed.” [Here Ben does not stand for Benjamin, it is Hebrew for “son,” in this case meaning “son of peace.”]
Ben Shalom Bernanke, chairman of the Federal Reserve, and Henry Paulson, Secretary of the U.S. Treasury, crafted the bailout program that robbed U.S. taxpayers to benefit A.I.G. and private bankers.
EARLY WARNINGS IGNORED
A.I.G. was already deemed to be a “shaky insurance company” in a 1990 report conducted by Ralph Nader’s Public Citizen. Despite protests and threats from the criminal Greenberg, Public Citizen maintained its “critical assessment” of A.I.G. Greenberg threatened to sue Public Citizen if the consumer group didn’t retract its comments on the company “in the next several days.”
“I’m angry,” Greenberg said, adding like a street thug, “First learn the facts before you shoot your mouth off.” Joan Claybrook, Public Citizen president, responded to Greenberg’s threats in a letter. Public Citizen “remains fully satisfied with the report’s conclusions concerning A.I.G.,” Claybrook wrote. After a re-examination of the facts, Claybrook stood by her critical assessment of A.I.G. The company had indeed failed four of the six tests that show whether an insurance company could withstand a severe economic slump. Public Citizen was proven correct and 18 years later the American taxpayer was forced to bail out Greenberg’s “shaky insurance” operation.
Where’s the outrage? If such a huge bailout were to be demanded from the citizens of any other country, you can be sure that the key players would be scrutinized before one cent of public funds were made available. In America, however, the controlled media censors all information about who is really responsible for this immense transfer of wealth – from the people to the criminals.
THE DEVOTED ZIONIST BEHIND THE A.I.G. BAILOUT
It should come as no surprise that the key person behind this unprecedented government bailout of A.I.G., a Zionist criminal operation, is himself a devoted Zionist. Ben Shalom Bernanke, the chairman of the Federal Reserve System, is another Hebrew-speaking scion of the Jewish Theological Seminary of New York City, like Michael Chertoff and Alvin K. Hellerstein.
How can it be that the sons of a very small group of uneducated Jews from Eastern Europe, who immigrated to the Bronx in the early 1900s, now exercise a great deal of control over a nation of 250 million non-Jews? If you were to ask a Zionist Jew from the Jewish Theological Seminary why they seek to control America, they would probably say: “Because we can.”
Growing up, Bernanke attended the extremist Zionist summer camp (Ramah) of the Jewish Theological Seminary (JTS) where he was immersed for months in Zionist ideology – in Hebrew. During college in the early 1970s, Bernanke worked for a Jewish crime boss in South Carolina.
BERNANKE’S YEARS WITH THE CRIME BOSS OF DILLON
Ben Bernanke went to Harvard University and graduated with a B.A. in economics in 1975. Throughout college Bernanke had a rather odd summer job for an Ivy League student of economics. Every summer he returned to Dillon, South Carolina, to work for Alan Heller Schafer, the well-known Jewish criminal and political boss who ran a sprawling roadside gambling and drinking establishment called “South of the Border.” The adjacent counties in North Carolina had been “dry counties” when Schafer originally started his drinking and gambling establishment. Such was Schafer’s clout that he was able to have the route of Interstate 95 changed so it passed his saloon and gambling operation.
Alan Schafer was, after all, the long-standing chairman of the Democratic Party in Dillon County, where, since 1966, he ran the “state’s smoothest-running political machine” by buying votes. Schafer’s political machine maintained power, said Craig C. Donsanto, director of the Justice Department’s Election Crimes Branch, through a “carefully controlled and sophisticated system of rigging elections,” the New York Times reported in 1982. This is the crime boss that Bernanke worked for, every summer, while he studied at Harvard.
Alan H. Schafer, crime boss of Dillon, South Carolina and mentor of Ben Bernanke
“Alan didn’t want any more stump meetings because they threatened his candidates,” said A.W. (Red) Bethea, 66, who was defeated four times in Statehouse races by Schafer-backed candidates. “If you were running against the Schafer machine without his wanting you to, you were just wasting your time.”
Mr. Donsanto said more than 1,000 Dillon County voters were paid $5 to $10 to sign their names to absentee ballots in 1980. In the 1980 primary, 1,500 of the 7,000 votes cast in Dillon County were absentee ballots. Two days after the primary, agents from the U.S. Justice Dept. “swooped down on Dillon County and seized the ballot boxes, touching off the largest voting fraud investigation ever conducted in the Southeast,” the Times reported.
After an eighteen-month investigation, thirty residents of Dillon County were indicted on charges of violating federal election laws, most of them for buying votes. As the head of the election corruption and vote-buying machine, Schafer was sentenced to three and a half years in federal prison. The joint state and federal investigation, which finally busted Schafer’s political machine, “broke up the county’s leadership elite, men who had controlled and manipulated Dillon’s political process since the mid-1960s,” the Times reported.
This was the well-known Jewish criminal that Ben Shalom Bernanke, a student of economics at Harvard, worked for every summer. It is simply not believable that Bernanke was unaware of Schafer’s wide-scale criminal activities, which were legendary in the state. Bernanke is now behind the $85 billion taxpayer-funded bailout of another Zionist criminal, Maurice R. Greenberg, who ran A.I.G. for decades and who owned some $15 billion worth of A.I.G. stock –before it fell some ninety-four percent in value.
After college, Bernanke earned a doctorate at Massachusetts Institute of Technology, where his adviser was Stanley “Stan” Fischer, who was born in Rhodesia. Fischer also happens to be the current Governor of the Bank of Israel. If one looks at Bernanke’s biography one will find that he has spent his entire life engaged in Zionist activities.
Stanley Fischer (left) with Israeli prime minister Ehud Olmert, April 1, 2008
The A.I.G. scam is much more than insurance fraud. Greenberg’s criminal enterprise is immense and even includes a company (ILFC) that leases and finances aircraft for the airlines and covert government kidnapping operations known as “enforced renditions.” One of Greenberg’s aircraft, for example, a Gulfstream 4 with tail number N971L, was evidently involved in the abduction of crew members who survived the Estonia catastrophe in September 1994. Greenberg’s plane left Stockholm’s Arlanda airport with half a dozen “unregistered passengers” and took them to Bangor, Maine, the day eleven surviving crew members disappeared from Stockholm’s Huddinge hospital.
This is just a fragment of the criminal activity in which Greenberg’s A.I.G. is involved. As I wrote in a earlier chapter, Greenberg and A.I.G. are involved in the 9/11 false flag terror attacks:
KROLL, GREENBERG & THE ISRAELIS
Rebuffed in 1987, the Mossad team of Malkin and Shalom didn’t give up on Isser Harel’s prophecy of 9-11, which meant getting the Port Authority security contract. They simply changed tack and decided to work in a less obvious manner, through dedicated and corrupt American Zionists like Jules Kroll and Maurice Greenberg. Shalom went to work for Kroll, according to the online 9/11 Encyclopedia entry for Maurice “Hank” Greenberg, the CEO of the American International Group (A.I.G.) insurance company…
In 1993, Maurice Greenberg became a partner and co-owner of Jules Kroll’s company when A.I.G. bought twenty-three percent of Kroll. Greenberg is very close to Henry Kissinger, who became chairman of A.I.G.’s International Advisory Board in 1987.
Henry Kissinger and Maurice Greenberg have worked together for decades.
Greenberg was deeply involved in China in the 80s, where Henry Kissinger was one of his representatives, according to the 9/11 Encyclopedia. Through the China trade Greenberg became close to Shaul Eisenberg, the leader of the Asian section of the Israeli intelligence service Mossad, and agent for the sales of sophisticated military equipment to the Chinese military, it reports. Eisenberg was also the owner of Atwell Security of Tel Aviv…
Maurice Greenberg and Jules Kroll became partners in 1993, the same year Kroll Associates “was chosen over three other companies to advise the Port Authority on a redesign of its security procedures.” “We have such confidence in them that I have followed every one of their recommendations,” Stanley Brezenoff, the Port Authority executive director, told the New York Times in 1994.
Kroll controlled security at the World Trade Center complex in 2001 and was responsible for hiring John O’Neill, the former chief of counterterrorism for the FBI, who died on 9-11, reportedly his first day on the new job.
Greenberg’s son, Jeffrey W. Greenberg, became CEO of Marsh & McLennan (MMC) in 1999 and chairman in 2000. The first plane of 9-11 flew directly into the secure computer room of Marsh (Kroll) USA, part of Greenberg’s company. Mark Wood, an eyewitness, said: “It looked like a mid-sized executive jet and the way it turned suggested it was being aimed deliberately at a target.”
THE RIP-OFF CONTINUES
By April 2009, A.I.G. had received more than $180 billion in loans from the U.S. government. Goldman Sachs, the former employer of Hank Paulson, Secretary of the U.S. Treasury, was the largest single recipient of this money receiving nearly $13 billion in U.S. taxpayer funds. While A.I.G. owed this money to Goldman Sachs and other private investment banks, members of Congress and some voices in the media expressed outrage that taxpayer money was going to the banks.
Had the corrupt and fraudulent A.I.G. been allowed to fail in a controlled manner through bankruptcy, bondholders and derivative counterparties (major banks) would have suffered significant losses, limiting the amount of taxpayer funds directly used. Ben Bernanke argued: “If a federal agency had [appropriate authority] on September 16 , they could have been used to put A.I.G. into conservatorship or receivership, unwind it slowly, protect policyholders, and impose haircuts on creditors and counterparties as appropriate. That outcome would have been far preferable to the situation we find ourselves in now.”
The “situation” Bernanke means is that the claims of bondholders and counterparties were paid in full – at 100 cents on the dollar – with taxpayer funds without giving taxpayers the rights to the future profits of these institutions. In other words, the benefits went to the banks while the taxpayers paid the costs.
Joshua B. Bolten, former executive director of legal and governmental affairs at Goldman Sachs, became Chief of Staff for President George W. Bush in April 2006. Bolten is credited with recruiting Henry Paulson, CEO of Goldman Sachs, to become Treasury Secretary in July 2006. Paulson crafted the A.I.G. bailout in which Goldman Sachs was the largest single recipient of this money ($12.9 billion). Paulson spoke with the CEO of Goldman Sachs at least dozen times during the week of the bailout, according to the New York Times.
Sources and Recommended Reading:
Bollyn, Christopher, “Were Key Survivors from Estonia Catastrophe Kidnapped?” January 2005
Bollyn, Christopher, “The Architecture of Terror: Mapping the Israeli Network Behind 9-11,” July 24, 2008
Bollyn, Christopher, ” ‘Ghost Planes’ Make Suspects Disappear: Pentagon has new secret weapon in ‘War on Terror’ ” American Free Press, January 2004
Bush, George W., “President’s Address to the Nation,” Office of the Press Secretary, September 24, 2008
Herszenhorn, David M., “Administration Is Seeking $700 Billion for Wall Street Bailout,” New York Times, September 20, 2008
Morgenson, Gretchen, “A.I.G. Provides Details of Executive Compensation,” New York Times, June 28, 2005
New York Times, “Carolina Revives its Stump Meetings,” May 23, 1982 (Article about Alan Schafer’s criminal activities in Dillon County elections, S.C.)
New York Times, “Excerpts from Complaint Against A.I.G. by New York,” May 27, 2005 (pg. C6)
Treaster, Joseph B., “Insurance Chief Quits in Inq uiry Led by Spitzer,” New York Times, October 26, 2004
Wikipedia entry for American International Group (A.I.G.), August 25, 2009
Original – September 26, 2008
Latest Edit – June 22, 2011
Note: Due to the transfer of information from the original website to this updated format, some article post dates may differ from the date they were originally published. However, most articles contain the actual publish date at the top of the article.