It’s not the bonuses. It’s that AIG’s counterparties are getting paid back in
By Eliot Spitzer
Tuesday, March 17, 2009
Everybody is rushing to condemn AIG’s bonuses, but this simple scandal is obscuring
the real disgrace at the insurance giant: Why are AIG’s counterparties getting
paid back in full, to the tune of tens of billions of taxpayer dollars?
For the answer to this question, we need to go back to the very first decision
to bail out AIG, made, we are told, by then-Treasury Secretary Henry Paulson,
then-New York Fed official Timothy Geithner, Goldman Sachs CEO Lloyd Blankfein,
and Fed Chairman Ben Bernanke last fall. Post-Lehman’s collapse, they feared
a systemic failure could be triggered by AIG’s inability to pay the counterparties
to all the sophisticated instruments AIG had sold. And who were AIG’s trading
partners? No shock here: Goldman, Bank of America, Merrill Lynch, UBS, JPMorgan
Chase, Morgan Stanley, Deutsche Bank, Barclays, and on it goes. So now we know
for sure what we already surmised: The AIG bailout has been a way to hide an
enormous second round of cash to the same group that had received TARP money
It all appears, once again, to be the same insiders protecting themselves against
sharing the pain and risk of their own bad adventure. The payments to AIG’s
counterparties are justified with an appeal to the sanctity of contract. If
AIG’s contracts turned out to be shaky, the theory goes, then the whole edifice
of the financial system would collapse.…
Imagine yourself within the mind of Barack Obama, the first African American president of the United States of America. You are a man who knows how “the system” works.
This knowledge has been accrued at hard struggle, and by a remarkable and unique ability to adapt to any environment because you spent a lifetime as an exotic specimen in every environment, from Kansas to Kenya–both African and American, Muslim and Christian, black and white. But you always displayed your native nobility–tribal nobility on your father’s side; nobility of spirit on your mother’s–and you were, with rare exceptions, accepted on your own terms. You were born under the sign of Leo, the lion, the natural leader; and your intelligence was honed with great discipline, under the influence of strong women.
Because your upbringing instilled in you a generosity of spirit that is natural to liberalism, and firsthand understanding from your grandfather of what motivates a man to risk his life for his country and an African father’s sense of freedom, unencumbered by Jim Crow oppression, you are a natural idealist who believes in the promise of America.
But you are also–with laser-focused intensity–a realist. A “pragmatist,” as they say. And no one knows better than you how much danger you are in.
It’s not just the racist crazies, one of whom could always, unexpectedly pop up through some weird quirk in the security system. But that’s only a distant possibility. You know, better than anyone, I suspect, that your greatest danger is what “the system” will do to protect itself, to what lengths it will go to protect itself, if certain lines are crossed.…Continue reading
by Mickey Huff, Associate Director of Project Censored
Project Censored, the media research group at Sonoma State University (SSU), has just released it’s annual report on the top stories that didn’t make the corporate mainstream news from the past year. The book is published by Seven Stories Press. Censored 2009, edited by director Dr. Peter Phillips with Dr. Andrew Roth, exposes the major stories Americans should know and care about that the “free press” just doesn’t deliver. The top stories for this year can be viewed at the PC website and the piece in the North Bay Bohemian can be read here.
Project Censored award winning journalist and researcher Stephen Lendman has just written about the Project in a piece titled Project Censored‘s Media Democracy Advocacy which looks at the history of the Project as well as details in this year’s volume. A lecture series hosting authors of this years top censored stories is presently underway at SSU for those in the Bay Area wishing to attend. The series is being broadcast at Free Speech TV this fall as well.
As acting Associate Director of Project Censored, I invite everyone to explore this year’s book and help support media democracy in action. Our currently calamitous and critical condition as a fragile free society depends upon a well informed citizenry and I strongly believe that Project Censored is a major force in the direction of strengthening our society’s democratic institutions and principles. Help spread the word if you… Continue reading
Release Date: March 10, 2008
For Immediate Release
Office of the Press Secretary
The U.S. Department of Homeland Security (DHS) is conducting the largest cyber security exercise ever organized. Cyber Storm II is being held from March 10-14 in Washington, D.C. and brings together participants from federal, state and local governments, the private sector, and the international community.
Cyber Storm II is the second in a series of congressionally mandated exercises that will examine the nation’s cyber security preparedness and response capabilities. the exercise will simulate a coordinated cyber attack on information technology, communications, chemical, and transportation systems and assets.
“Securing cyberspace is vital to maintaining America’s strategic interests, public safety, and economic prosperity,” said Greg Garcia, Homeland Security Assistant Secretary for Cyber Security and Communications. “Exercises like Cyber Storm II help to ensure that the public and private sectors are prepared for an effective response to attacks against our critical systems and networks.”
Cyber Storm II will include 18 federal departments and agencies, nine states (Calif., Colo., Del., Ill., Mich., N.C., Pa., Texas and Va.), five countries (United States, Australia, Canada, New Zealand and the United Kingdom), and more than 40 private sector companies. They include ABB, Inc., Air Products, Cisco, Dow Chemical Company Inc., Harris Corporation, Juniper Networks, McAfee, Microsoft, NeuStar, PPG Industries, and Wachovia.
Cyber Storm II objectives include:
* Examining the capabilities of participating organizations to prepare for, protect against, and respond to the potential effects of cyber attacks
* Exercising strategic decision making and interagency coordination of incident response in accordance with national level policy and procedures
* Validating information sharing relationships and communications paths for the collection and dissemination of cyber incident situational awareness, response and recovery information
* Examining means and processes through which to share sensitive information across boundaries and sectors without compromising proprietary or national security interests
For more information on Cyber Storm II visit:http://www.dhs.gov/xprepresp/training/gc_1204738275985.shtm
Many more details about this at this DHS Fact Sheet.…Continue reading
March 23, 2006
by Les Jamieson
9/11 Truth activists have been showing up in Eliot Spitzer’s path lately. On
Sunday, March 11th, three activists attended a swanky public reception for Eliot
Spitzer and supporters of his candidacy for governor. Sander Hicks, author of
The Big Wedding and a candidate for US Senate, Green party of New York, stood up and popped the question “Mr. Spitzer,
why have you not opened an independent investigation into the events of September
11, 2001?” Many clueless Dems in the crowd got very agitated, but Sander
persisted. Spitzer got off the hook by saying Sander should respect the crowd’s
wishes and told him to call his office. He did and as of today calls were never
What’s the real issue here? In November of 2004, an independent inquiry into
the events of 9/11 entitled “Citizens’
Complaint & Petition” was submitted to Eliot Spitzer’s office. This
document contained great detail about the glaring questions still unanswered
and listed damages suffered by so many people. There were 100 signatures from
prominent Americans such as Howard Zinn, Daniel Ellsberg, Ralph Nader, John
Gray, Ray McGovern, Medea Benjamin, and Ed Asner. The Complaint also had 48
victims’ families as signatories. Spitzer’s top prosecutor, William Casey, personally
document. However, this has been met with a deafening silence. No action was
How could it be that Spitzer, who has won accolades for his successful legal
actions against Wall St. financial institutions engaging in fraud,… Continue reading
March 15, 2006
Attention New Yorkers! Please be advised of the following, and forward to your own lists for the fullest participation possible.
DATE: Wed., March 22nd, 2006
TIME: 12 pm ? 2 pm
LOCATION: 120 Broadway (south of Fulton St. – The building belongs to Silverstein Properties!)
2 pm demonstration at Ground Zero
4 pm demonstration at Wall St. & Broadway to engage the financial district
In November of 2004, an independent inquiry into the events of 9/11 titled Citizens Complaint & Petition was submitted to Eliot Spitzer?s office. His deputy, William Casey, personally received it. In public events Mr. Spitzer was asked for a response to this Complaint, which he acknowledged knowing about. To this day there has been no response.
Now earlier this month, in special Congressional hearings on Able Danger we see more cause for suspicion. Able Danger was a Pentagon terrorist tracking operation. News broke last summer with whistleblowers reporting they knew about Mohamed Atta in early 2000, but experienced suppression of their testimony by the 9/11 Commission. Here is another scenario where Eliot Spitzer?s behavior raises more red flags which should outrage all Americans. He barred his top aide, Deputy Attorney General Dietrich Snell, from testifying at these hearings which occurred after 248 Congresspersons petitioned the Pentagon.
In the 2004 book by five-time Emmy award-winning journalist Peter Lance called Cover Up: What the Government is Still Hiding About the War on Terror, he makes a damning statement about Dietrich Snell. “Under… Continue reading
Here’s how to shut down a ritzy Democratic Party fund-raiser: just ask some simple questions about 9/11.
66% of the electorate in 2004 asked Attorney General Spitzer for an independent investigation into 9/11. Spitzer refused. So, yesterday, I interrupted his speech and asked him why. The really surprising turn of events is that none the upper West Side liberals who came up to talk to me afterwards censured me for the disruption, instead they gave me pointers on how to do it better next time. Many stayed on to talk about 9/11, and the untold story there. Meanwhile, Spitzer and the career politicians cancelled their planned Q&A session, and slunked off stage. No one got around to asking for money at this “fund-raiser.” Meanwhile, at the back of the room, five mainstream newspaper reporters and a TV camera talked to me about my Senate race, my book, 9/11, and Vox Pop. Here’s the first media hit, below. Remember: The Hicks For Senate Campaign, Green Party people, and 9/11 Truth people and other groups are holding a big protest outside Spitzer’s office on 3/22, Wed., 12-2 PM. It’s lunchtime at Ground Zero/Wall Street. The Cover-Up is OVER!
HEADLINE: Spitzer Collects Endorsements And Heckles
By DAVID LOMBINO – Staff Reporter of the Sun
The state attorney general, Eliot Spitzer, picked up several endorsements from key Manhattan Democrats yesterday in his race for governor even as he fended off an angry verbal attack by a heckler at an Upper West Side synagogue.
Mr.… Continue reading
Sander Hicks, Green Party Candidate for New York Governor, is the author of The Big Wedding: 9/11, The Whistle-Blowers, and The Cover-Up.
He recently appeared on the Majority Report with Janeane Garafolo, available
1) What was it about 9/11 that prompted you to question the official story, and when?
Well, it wasn’t that hard. I was already friendly with Ruppert and Hopsicker, we all knew each other from anti-Bush underground publishing circles. None of us had written books yet, though. So I read everything they wrote for the internet, before they published books.
But in terms of that a-ha, snapping of the mental membrane kind of moment, it was probably Barrie Zwicker’s TV show in Canada. Which is also one of the first times I downloaded a video file from the net. Funny how web-based video started to really happen right around the same time as our movement. Maybe historians will 100 years from now explain that this is how the 9/11 Truth Movement took power and changed things: the technology just fell into their hands at the right time.
2) In your book, The Big Wedding: 9/11, The Whistle-Blowers, & The Cover-Up, you focus on the people who have come forward with something to say about 9/11. As you know, Eliot Spitzer recently blocked Dietrich Snell from testifying at the Able Danger hearings brought forward by Rep. Curt Weldon. What are your feelings regarding Eliot Spitzer’s actions?
It’s a great opportunity for… Continue reading
Defining existential politics.
by Byron Belitsos
With the inauguration of George W. Bush for a second term, we enter a nightmare phase of American history, a descent into the era of what might be called “deep politics.”
In this short essay I reach out for an expanded definition of a phrase first coined by the distinguished author Peter Dale Scott. In Deep Politics and the Death of JFK1, Scott refers to the “underlying continuities of deep politics” displayed by the apparent convergence of the covert interests of military, rightwing, intelligence agency, and organized crime conspirators that coalesced in the assassination of John F. Kennedy. Veteran journalist Jim Marrs points in a similar direction with his Crossfire: The Plot that Killed Kennedy, as does the Oliver Stone movie based in part on that book. Marrs then works out the implications in later books, including Rule by Secrecy and Inside Job2, an expose of US government collusion with the 9/11 plot. Big-picture writers like Scott, Marrs, and investigative journalist Mike Ruppert, author of Crossing the Rubicon3, have succeeded in synthesizing a growing body of evidence that support the notion that America now inhabits a surreal realm of deep politics, where amoral, Machiavellian, covert action directs (or conditions) the agenda of the overt world, and cover stories are spun by self-deceived politicians, “pundits,” and mainstream media.
Meanwhile, the truth and the facts about the black-budget world of covert action migrates to isolated ghettos inhabited by independent… Continue reading
Re: Spitzer Complaint, Ryan & 911Truth.org news
Dear Readers of 911Truth.org,
What can you do? News on “Justice for 9/11,” the Omissions Hearings, the Kevin Ryan story, and developments at 911Truth.org:
Justice for 9/11
Last week the “Justice for 9/11″ Coalition filed a restated and amended Citizen’s Complaint and Petition with the Attorney General of New York State, Eliot Spitzer, citing probable cause to convene a grand jury on unsolved crimes surrounding the events of September 11, 2001. (See press release. )
The Citizens’ Complaint and Petition is unprecedented. Unlike a few other states, New York law does not provide a formal procedure for it. We are trying to invent a new legal wheel, and we need your help.
Nine highly regarded complainants from among September 11 family members, first responders and New York citizens have signed on, and many others are carefully considering whether to join them.
We are inviting friendly support statements from other groups, in the style of amicus briefs, and looking for new coalition members. And we ask everyone to please sign the electronic Petition of Solidarity at the “Justice” site, and get your friends on board!
This work is by no means finished, despite the weeks of hard work by a team advised by legal counsel Carolyn Betts. We aren’t pretending that we’ve covered every aspect of possible 9/11 crimes in the present version of the Complaint and Petition. As we’ve told Spitzer’s office, this is a living document, of, for and by citizens, and… Continue reading
The ABC News website has finally acknowledged the existence of alternative research and popular doubts about what really happened on September 11, how and why. We welcome this breakthrough.
We are very pleased that the article by Dean Schabner, published today on the front page of the ABC News website, seems to have fairly quoted two persons among the many citizens pursuing alternative research and actions for justice and full disclosure around 9/11.
We hope that ABC News will follow up with televised broadcasts on this subject, and give a fair hearing to all points of view.
Even as we thank ABC News, we must unfortunately also note that its article adopts a dismissive tone toward doubts about September 11, in advance of full inquiry. The headline is mildly misleading; the unanswered questions about September 11 did not merely “surface” on the eve of Election Day, but have been the subject of untiring work by hundreds of researchers for more than three years and the subject of such best-selling books as The New Pearl Harbor by David Ray Griffin and the recent Crossing the Rubicon by Michael C. Ruppert.
No basis whatsoever is given for the assessment of the ABC Polling Unit that the Zogby International survey of New York residents cited in the article (co-commissioned by 911Truth.org) is “not credible.”
Using the same established methodologies as in other surveys regularly cited by ABC News and other major media, Zogby polled a representative sampling of 808 adult New York… Continue reading
We are pleased on this evening of Nov. 1st to 2nd, known in Mexico as “The Day of the Dead,” to publish the following exclusive: a Republican-meets-Democrat, one-two punch editorial by Cynthia McKinney and Catherine Austin Fitts, on “The Haunting of the White House.” An earlier version of the piece was written in response to a request from editors of The New York Times. So far the Times has declined to publish, but other print publications are still considering it.
Meanwhile, you can feel free to forward it to the nine winds on the Web, with our thanks. – 911Truth.org Staff
Day of the Dead: The Haunting of the White House
By Cynthia McKinney and Catherine Austin Fitts
November 1, 2004
Something is rising from the ashes of September 11: the spectre of questions that will haunt our country until answered.
Months after the release of the official 9/11 Commission Report – even as Congress moves to implement its proposals for a radical centralization of security forces – growing numbers of Americans are doubting their own government’s account of what really happened on September 11, and how.
From the first, the Bush Administration resisted investigation and disclosure. Families of September 11 victims were forced to lobby the administration and Congress for a full and independent inquiry. They fought for 14 months, blocked every step of the way by the White House.
The political games reached such a point that the survivors of the worst attack ever on American soil were forced to hold a candlelight vigil in front of the White House. A vigil for the truth.
The White House finally assented in December 2002 to the establishment of an independent commission, under former New Jersey Governor Thomas Kean. Still, the administration pushed for a hand-picked panel, with a narrow focus on intelligence failures and recommendations.
The families demanded a full investigation, posing nearly 400 questions to the Kean Commission. The commissioners said they welcomed these queries. But their final report ignored most of the unanswered questions. Still posted on the website of the September 11 Family Steering Committee, these questions are a stark reminder of the Kean Commission’s failures.
Now these same questions have been submitted to the New York Attorney General. Last week, the New York City office of Eliot Spitzer received a citizens’ complaint to open a legal inquiry into crimes still unsolved, more than three years later.
So begins the haunting of the White House. Continue reading
10/27/2004 11:01:00 AM
To: National Desk
Contact: David Kubiak, 207-967-2390, Kyle F. Hence, 401-935-7715 or 212-243-7787 or email@example.com; both of 911truth.org
A coalition of 9/11 victim family members, survivors and advocacy groups will deliver a formal complaint requesting a new criminal investigation of 9/11 events to New York Attorney General Eliot Spitzer this Thursday following a 2:00 PM press conference outside the Equitable Building (corner of Nassau and Cedar Streets). The Complaint petitions the Attorney General to launch an independent in-depth criminal and civil probe of evidence suggesting grave official misconduct including criminal negligence, criminal facilitation, and accessorial abetment of murder, insider trading, obstruction of justice, and other violations of New York law.
The Complaint asks the Attorney General to seek justice for 9/11 crimes by applying New York State law to recover damages incurred by state and local governments from corporations and individuals whose conduct furthered the criminal conspiracy. The Complainants, including victim family member Bob McIlvaine who lost his son, maintain that few if any of these charges or supporting evidence were adequately investigated by the 2002 Joint Intelligence Inquiry or the 9/11 Commission which released its final report last July.
“For many New Yorkers, AG Spitzer is the last hope for finding the truth about what happened on 9/11 and enforcing the law.” noted spokesperson David Kubiak. “Because administration officials have classified evidence under the “state secrets” doctrine, preempting local probes and obstructing official inquiries, there has been no comprehensive, credible independent investigation of… Continue reading
NEW YORK CITY, NY (Oct. 26, 2004)(Updated Sep. 11, 2009) – An alliance of 100 prominent Americans and 40 family members of those killed on 9/11 today announced the release of the 911 Truth Statement, a call for immediate inquiry into evidence that suggests high-level government officials may have deliberately allowed the September 11th attacks to occur. The Statement supports an August 31st Zogby poll that found nearly 50% of New Yorkers believe the government had foreknowledge and “consciously failed to act,” with 66% wanting a new 9/11 investigation.
Focusing on twelve questions, the Statement highlights areas of incriminating evidence that were either inadequately explored or ignored by the Kean Commission, ranging from insider trading and hijacker funding to foreign government forewarnings and inactive defenses around the Pentagon. The Statement asks for four actions: an immediate investigation by New York Attorney General Eliot Spitzer, Congressional hearings, media analysis, and the formation of a truly independent citizens-based inquiry.
The Statement’s list of signatories includes notables spanning the political spectrum, from Presidential candidates Ralph Nader, Michael Badnarik, and David Cobb to Catherine Austin Fitts, a member of the first Bush administration, as well as Washington veterans like Pentagon whistleblower Daniel Ellsberg and retired CIA analyst Ray McGovern. Other signers range from peace activists like Global Exchange’s Kevin Danaher to former US Ambassador and Chief of Mission to Iraq, Edward L. Peck; from environmentalists like Randy Hayes… Continue reading