Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

By MATT TAIBBI
APRIL 25, 2013

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets.”

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.

The Scam Wall Street Learned From the Mafia

Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption. If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.

“It’s a double conspiracy,” says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. “It’s the height of criminality.”

The bad news didn’t stop with swaps and interest rates. In March, it also came out that two regulators – the CFTC here in the U.S. and the Madrid-based International Organization of Securities Commissions – were spurred by the Libor revelations to investigate the possibility of collusive manipulation of gold and silver prices. “Given the clubby manipulation efforts we saw in Libor benchmarks, I assume other benchmarks – many other benchmarks – are legit areas of inquiry,” CFTC Commissioner Bart Chilton said.

But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants’ incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place.

“A farce,” was one antitrust lawyer’s response to the eyebrow-raising dismissal.

“Incredible,” says Sylvia Sokol, an attorney for Constantine Cannon, a firm that specializes in antitrust cases.

All of these stories collectively pointed to the same thing: These banks, which already possess enormous power just by virtue of their financial holdings – in the United States, the top six banks, many of them the same names you see on the Libor and ISDAfix panels, own assets equivalent to 60 percent of the nation’s GDP – are beginning to realize the awesome possibilities for increased profit and political might that would come with colluding instead of competing. Moreover, it’s increasingly clear that both the criminal justice system and the civil courts may be impotent to stop them, even when they do get caught working together to game the system.

If true, that would leave us living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it. Forget the Illuminati – this is the real thing, and it’s no secret. You can stare right at it, anytime you want.

The banks found a loophole, a basic flaw in the machine. Across the financial system, there are places where prices or official indices are set based upon unverified data sent in by private banks and financial companies. In other words, we gave the players with incentives to game the system institutional roles in the economic infrastructure.

Libor, which measures the prices banks charge one another to borrow money, is a perfect example, not only of this basic flaw in the price-setting system but of the weakness in the regulatory framework supposedly policing it. Couple a voluntary reporting scheme with too-big-to-fail status and a revolving-door legal system, and what you get is unstoppable corruption.

Every morning, 18 of the world’s biggest banks submit data to an office in London about how much they believe they would have to pay to borrow from other banks. The 18 banks together are called the “Libor panel,” and when all of these data from all 18 panelist banks are collected, the numbers are averaged out. What emerges, every morning at 11:30 London time, are the daily Libor figures.

Banks submit numbers about borrowing in 10 different currencies across 15 different time periods, e.g., loans as short as one day and as long as one year. This mountain of bank-submitted data is used every day to create benchmark rates that affect the prices of everything from credit cards to mortgages to currencies to commercial loans (both short- and long-term) to swaps.

Gangster Bankers Broke Every Law in the Book

Dating back perhaps as far as the early Nineties, traders and others inside these banks were sometimes calling up the company geeks responsible for submitting the daily Libor numbers (the “Libor submitters”) and asking them to fudge the numbers. Usually, the gimmick was the trader had made a bet on something – a swap, currencies, something – and he wanted the Libor submitter to make the numbers look lower (or, occasionally, higher) to help his bet pay off.

Famously, one Barclays trader monkeyed with Libor submissions in exchange for a bottle of Bollinger champagne, but in some cases, it was even lamer than that. This is from an exchange between a trader and a Libor submitter at the Royal Bank of Scotland:

SWISS FRANC TRADER: can u put 6m swiss libor in low pls?…
PRIMARY SUBMITTER: Whats it worth
SWSISS FRANC TRADER: ive got some sushi rolls from yesterday?…
PRIMARY SUBMITTER: ok low 6m, just for u
SWISS FRANC TRADER: wooooooohooooooo. . . thatd be awesome

Screwing around with world interest rates that affect billions of people in exchange for day-old sushi – it’s hard to imagine an image that better captures the moral insanity of the modern financial-services sector.

Hundreds of similar exchanges were uncovered when regulators like Britain’s Financial Services Authority and the U.S. Justice Department started burrowing into the befouled entrails of Libor. The documentary evidence of anti-competitive manipulation they found was so overwhelming that, to read it, one almost becomes embarrassed for the banks. “It’s just amazing how Libor fixing can make you that much money,” chirped one yen trader. “Pure manipulation going on,” wrote another.

Yet despite so many instances of at least attempted manipulation, the banks mostly skated. Barclays got off with a relatively minor fine in the $450 million range, UBS was stuck with $1.5 billion in penalties, and RBS was forced to give up $615 million. Apart from a few low-level flunkies overseas, no individual involved in this scam that impacted nearly everyone in the industrialized world was even threatened with criminal prosecution.

Two of America’s top law-enforcement officials, Attorney General Eric Holder and former Justice Department Criminal Division chief Lanny Breuer, confessed that it’s dangerous to prosecute offending banks because they are simply too big. Making arrests, they say, might lead to “collateral consequences” in the economy.

The relatively small sums of money extracted in these settlements did not go toward reparations for the cities, towns and other victims who lost money due to Libor manipulation. Instead, it flowed mindlessly into government coffers. So it was left to towns and cities like Baltimore (which lost money due to fluctuations in their municipal investments caused by Libor movements), pensions like the New Britain, Connecticut, Firefighters’ and Police Benefit Fund, and other foundations – and even individuals (billionaire real-estate developer Sheldon Solow, who filed his own suit in February, claims that his company lost $450 million because of Libor manipulation) – to sue the banks for damages.

One of the biggest Libor suits was proceeding on schedule when, early in March, an army of superstar lawyers working on behalf of the banks descended upon federal judge Naomi Buchwald in the Southern District of New York to argue an extraordinary motion to dismiss. The banks’ legal dream team drew from heavyweight Beltway-connected firms like Boies Schiller (you remember David Boies represented Al Gore), Davis Polk (home of top ex-regulators like former SEC enforcement chief Linda Thomsen) and Covington & Burling, the onetime private-practice home of both Holder and Breuer.

The presence of Covington & Burling in the suit – representing, of all companies, Citigroup, the former employer of current Treasury Secretary Jack Lew – was particularly galling. Right as the Libor case was being dismissed, the firm had hired none other than Lanny Breuer, the same Lanny Breuer who, just a few months before, was the assistant attorney general who had balked at criminally prosecuting UBS over Libor because, he said, “Our goal here is not to destroy a major financial institution.”

In any case, this all-star squad of white-shoe lawyers came before Buchwald and made the mother of all audacious arguments. Robert Wise of Davis Polk, representing Bank of America, told Buchwald that the banks could not possibly be guilty of anti- competitive collusion because nobody ever said that the creation of Libor was competitive. “It is essential to our argument that this is not a competitive process,” he said. “The banks do not compete with one another in the submission of Libor.”

If you squint incredibly hard and look at the issue through a mirror, maybe while standing on your head, you can sort of see what Wise is saying. In a very theoretical, technical sense, the actual process by which banks submit Libor data – 18 geeks sending numbers to the British Bankers’ Association offices in London once every morning – is not competitive per se.

But these numbers are supposed to reflect interbank-loan prices derived in a real, competitive market. Saying the Libor submission process is not competitive is sort of like pointing out that bank robbers obeyed the speed limit on the way to the heist. It’s the silliest kind of legal sophistry.

But Wise eventually outdid even that argument, essentially saying that while the banks may have lied to or cheated their customers, they weren’t guilty of the particular crime of antitrust collusion. This is like the old joke about the lawyer who gets up in court and claims his client had to be innocent, because his client was committing a crime in a different state at the time of the offense.

“The plaintiffs, I believe, are confusing a claim of being perhaps deceived,” he said, “with a claim for harm to competition.”

Judge Buchwald swallowed this lunatic argument whole and dismissed most of the case. Libor, she said, was a “cooperative endeavor” that was “never intended to be competitive.” Her decision “does not reflect the reality of this business, where all of these banks were acting as competitors throughout the process,” said the antitrust lawyer Sokol. Buchwald made this ruling despite the fact that both the U.S. and British governments had already settled with three banks for billions of dollars for improper manipulation, manipulation that these companies admitted to in their settlements.

Michael Hausfeld of Hausfeld LLP, one of the lead lawyers for the plaintiffs in this Libor suit, declined to comment specifically on the dismissal. But he did talk about the significance of the Libor case and other manipulation cases now in the pipeline.

“It’s now evident that there is a ubiquitous culture among the banks to collude and cheat their customers as many times as they can in as many forms as they can conceive,” he said. “And that’s not just surmising. This is just based upon what they’ve been caught at.”

Greenberger says the lack of serious consequences for the Libor scandal has only made other kinds of manipulation more inevitable. “There’s no therapy like sending those who are used to wearing Gucci shoes to jail,” he says. “But when the attorney general says, ‘I don’t want to indict people,’ it’s the Wild West. There’s no law.”

The problem is, a number of markets feature the same infrastructural weakness that failed in the Libor mess. In the case of interest-rate swaps and the ISDAfix benchmark, the system is very similar to Libor, although the investigation into these markets reportedly focuses on some different types of improprieties.

Though interest-rate swaps are not widely understood outside the finance world, the root concept actually isn’t that hard. If you can imagine taking out a variable-rate mortgage and then paying a bank to make your loan payments fixed, you’ve got the basic idea of an interest-rate swap.

In practice, it might be a country like Greece or a regional government like Jefferson County, Alabama, that borrows money at a variable rate of interest, then later goes to a bank to “swap” that loan to a more predictable fixed rate. In its simplest form, the customer in a swap deal is usually paying a premium for the safety and security of fixed interest rates, while the firm selling the swap is usually betting that it knows more about future movements in interest rates than its customers.

Prices for interest-rate swaps are often based on ISDAfix, which, like Libor, is yet another of these privately calculated benchmarks. ISDAfix’s U.S. dollar rates are published every day, at 11:30 a.m. and 3:30 p.m., after a gang of the same usual-suspect megabanks (Bank of America, RBS, Deutsche, JPMorgan Chase, Barclays, etc.) submits information about bids and offers for swaps.

And here’s what we know so far: The CFTC has sent subpoenas to ICAP and to as many as 15 of those member banks, and plans to interview about a dozen ICAP employees from the company’s office in Jersey City, New Jersey. Moreover, the International Swaps and Derivatives Association, or ISDA, which works together with ICAP (for U.S. dollar transactions) and Thomson Reuters to compute the ISDAfix benchmark, has hired the consulting firm Oliver Wyman to review the process by which ISDAfix is calculated. Oliver Wyman is the same company that the British Bankers’ Association hired to review the Libor submission process after that scandal broke last year. The upshot of all of this is that it looks very much like ISDAfix could be Libor all over again.

“It’s obviously reminiscent of the Libor manipulation issue,” Darrell Duffie, a finance professor at Stanford University, told reporters. “People may have been naive that simply reporting these rates was enough to avoid manipulation.”

And just like in Libor, the potential losers in an interest-rate-swap manipulation scandal would be the same sad-sack collection of cities, towns, companies and other nonbank entities that have no way of knowing if they’re paying the real price for swaps or a price being manipulated by bank insiders for profit. Moreover, ISDAfix is not only used to calculate prices for interest-rate swaps, it’s also used to set values for about $550 billion worth of bonds tied to commercial real estate, and also affects the payouts on some state-pension annuities.

So although it’s not quite as widespread as Libor, ISDAfix is sufficiently power-jammed into the world financial infrastructure that any manipulation of the rate would be catastrophic – and a huge class of victims that could include everyone from state pensioners to big cities to wealthy investors in structured notes would have no idea they were being robbed.

“How is some municipality in Cleveland or wherever going to know if it’s getting ripped off?” asks Michael Masters of Masters Capital Management, a fund manager who has long been an advocate of greater transparency in the derivatives world. “The answer is, they won’t know.”

Worse still, the CFTC investigation apparently isn’t limited to possible manipulation of swap prices by monkeying around with ISDAfix. According to reports, the commission is also looking at whether or not employees at ICAP may have intentionally delayed publication of swap prices, which in theory could give someone (bankers, cough, cough) a chance to trade ahead of the information.

Swap prices are published when ICAP employees manually enter the data on a computer screen called “19901.” Some 6,000 customers subscribe to a service that allows them to access the data appearing on the 19901 screen.

The key here is that unlike a more transparent, regulated market like the New York Stock Exchange, where the results of stock trades are computed more or less instantly and everyone in theory can immediately see the impact of trading on the prices of stocks, in the swap market the whole world is dependent upon a handful of brokers quickly and honestly entering data about trades by hand into a computer terminal.

Any delay in entering price data would provide the banks involved in the transactions with a rare opportunity to trade ahead of the information. One way to imagine it would be to picture a racetrack where a giant curtain is pulled over the track as the horses come down the stretch – and the gallery is only told two minutes later which horse actually won. Anyone on the right side of the curtain could make a lot of smart bets before the audience saw the results of the race.

At ICAP, the interest-rate swap desk, and the 19901 screen, were reportedly controlled by a small group of 20 or so brokers, some of whom were making millions of dollars. These brokers made so much money for themselves the unit was nicknamed “Treasure Island.”

Already, there are some reports that brokers of Treasure Island did create such intentional delays. Bloomberg interviewed a former broker who claims that he watched ICAP brokers delay the reporting of swap prices. “That allows dealers to tell the brokers to delay putting trades into the system instead of in real time,” Bloomberg wrote, noting the former broker had “witnessed such activity firsthand.” An ICAP spokesman has no comment on the story, though the company has released a statement saying that it is “cooperating” with the CFTC’s inquiry and that it “maintains policies that prohibit” the improper behavior alleged in news reports.

The idea that prices in a $379 trillion market could be dependent on a desk of about 20 guys in New Jersey should tell you a lot about the absurdity of our financial infrastructure. The whole thing, in fact, has a darkly comic element to it. “It’s almost hilarious in the irony,” says David Frenk, director of research for Better Markets, a financial-reform advocacy group, “that they called it ISDAfix.”

After scandals involving libor and, perhaps, ISDAfix, the question that should have everyone freaked out is this: What other markets out there carry the same potential for manipulation? The answer to that question is far from reassuring, because the potential is almost everywhere. From gold to gas to swaps to interest rates, prices all over the world are dependent upon little private cabals of cigar-chomping insiders we’re forced to trust.

“In all the over-the-counter markets, you don’t really have pricing except by a bunch of guys getting together,” Masters notes glumly.

That includes the markets for gold (where prices are set by five banks in a Libor-ish teleconferencing process that, ironically, was created in part by N M Rothschild & Sons) and silver (whose price is set by just three banks), as well as benchmark rates in numerous other commodities – jet fuel, diesel, electric power, coal, you name it. The problem in each of these markets is the same: We all have to rely upon the honesty of companies like Barclays (already caught and fined $453 million for rigging Libor) or JPMorgan Chase (paid a $228 million settlement for rigging municipal-bond auctions) or UBS (fined a collective $1.66 billion for both muni-bond rigging and Libor manipulation) to faithfully report the real prices of things like interest rates, swaps, currencies and commodities.

All of these benchmarks based on voluntary reporting are now being looked at by regulators around the world, and God knows what they’ll find. The European Federation of Financial Services Users wrote in an official EU survey last summer that all of these systems are ripe targets for manipulation. “In general,” it wrote, “those markets which are based on non-attested, voluntary submission of data from agents whose benefits depend on such benchmarks are especially vulnerable of market abuse and distortion.”

Translation: When prices are set by companies that can profit by manipulating them, we’re fucked.

“You name it,” says Frenk. “Any of these benchmarks is a possibility for corruption.”

The only reason this problem has not received the attention it deserves is because the scale of it is so enormous that ordinary people simply cannot see it. It’s not just stealing by reaching a hand into your pocket and taking out money, but stealing in which banks can hit a few keystrokes and magically make whatever’s in your pocket worth less. This is corruption at the molecular level of the economy, Space Age stealing – and it’s only just coming into view.

Matt Taibbi is a contributing editor for Rolling Stone. He’s the author of five books and a winner of the National Magazine Award for commentary.

source:

http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425

related:

The Libor Scandal In Full Perspective

The Archons ~ John Lash

httpv://www.youtube.com/watch?feature=player_embedded&v=HHG0XHfKYbE

One thought on “Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

  1. THE BEASTLY BARONS THAT CONTROL GOLDMAN SACHS, CITIGROUP, JP MORGAN, UBS, DEUTSCHE BANK, ETC.

    THE GENOCIDAL POLICIES IMPLEMENTED IN MANY STATES OF THE WORLD ARE THE RESULT OF THE BAILOUTS OF THE BANKS DETERMINED BY THE ABOLITION OF THE GLASS-STEAGALL ACT IN ALMOST ALL THE WORLD.

    ” ……… in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears. http://countryeconomy.com/unemployment/spain
    http://www.gregpalast.com//vulturespicnic/pages/filecabinet/chapter12/Geithner_Summers%20Memo.pdf
    The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world………………………………………………………………………….
    The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.
    Second, the banks wanted the right to play a new high-risk game: “derivatives trading.” JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets.” http://www.gregpalast.com/wp-content/uploads/10-K-report-2008-JP-Morgan-88Trillion.pdf
    Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.
    But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?
    The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet – in one single move. It was as brilliant as it was insanely dangerous.
    How could they pull off this mad caper? The bankers’ and Summers’ game was to use the Financial Services Agreement, an abstruse and benign addendum to the international trade agreements policed by the World Trade Organization.
    Until the bankers began their play, the WTO agreements dealt simply with trade in goods–that is, my cars for your bananas. The new rules ginned-up by Summers and the banks would force all nations to accept trade in “bads” – toxic assets like financial derivatives.
    Until the bankers’ re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives “products.”
    And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.
    The job of turning the FSA into the bankers’ battering ram was given to Geithner, who was named Ambassador to the World Trade Organization.

    Bankers Go Bananas

    Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan?
    The answer, in the case of Ecuador, was bananas. Ecuador was truly a banana republic. The yellow fruit was that nation’s life-and-death source of hard currency. If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy. Ecuador signed.

    And so on–with every single nation bullied into signing.

    Every nation but one, I should say. Brazil’s new President, Inacio Lula da Silva, refused. In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union’s Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on. http://www.gregpalast.com//vulturespicnic/pages/filecabinet/chapter12/5_protocol.pdf
    But Lula’s refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis.
    China signed–but got its pound of flesh in return. It opened its banking sector a crack in return for access and control of the US auto parts and other markets. (Swiftly, two million US jobs shifted to China.)
    The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalized: Goldman Sachs (where Treasury Secretary Rubin had been Co-Chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim–and the continent is now being sold off in tiny, cheap pieces to Germany.
    Of course, it was not just threats that sold the FSA, but temptation as well. After all, every evil starts with one bite of an apple offered by a snake. The apple: The gleaming piles of lucre hidden in the FSA for local elites. The snake was named Larry.
    Does all this evil and pain flow from a single memo? Of course not: the evil was The Game itself, as played by the banker clique. The memo only revealed their game-plan for checkmate.

    And the memo reveals a lot about Summers and Obama.

    While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn’t do too badly. Rubin’s deregulation of banks had permitted the creation of a financial monstrosity called “Citigroup.” Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup—which went bankrupt while managing to pay Rubin a total of $126 million.
    http://www.nytimes.com/2009/01/10/business/10rubin.html
    Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo.
    http://www.nytimes.com/2013/08/11/business/economy/the-fed-lawrence-summers-and-money.html
    That Obama would, at Robert Rubin’s demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game. ……………… http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/

    WHO CONTROL GOLDMAN SACHS, JP MORGAN AND CITIGROUP THAT ARE INVOLVED IN THE ABOLITION OF THE GLASS-STEAGALL ACT ?

    A) GOLDMAN SACHS IS CONNECTED ALSO WITH WARREN BUFFET A FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    Lord JACOB ROTHSCHILD “Hosted the European Economic Round Table conference in 2002 at Waddesdon Manor, attended by such figures as James Wolfensohn, Nicky Oppenheimer, Warren Buffet, and Arnold Schwarzenegger ” https://wikispooks.com/ISGP/organisations/introduction/PEHI_Jacob_de_Rothschild_bio.htm https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm
    The same Warren Buffet, that is chairman of Berkshire Hathaway, ” agreed to purchase $5 billion in Goldman’s preferred stock “.
    https://en.wikipedia.org/wiki/Goldman_Sachs https://en.wikipedia.org/wiki/Berkshire_Hathaway
    GOLDMAN SACHS IS CONNECTED ALSO WITH THE EDMOND DE ROTHSCHILD. http://uk.linkedin.com/in/ruperttipler
    http://www.zoominfo.com/p/Christoph-Ladanyi/23971288
    THE EDMOND DE ROTHSCHILD IS OWNED BY BENJAMIN DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild ) AND BY HIS WIFE ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild )
    http://www.lejdd.fr/Economie/Images/Les-plus-grosses-fortunes-de-France/Benjamin-de-Rothschild-206941
    http://andrewgavinmarshall.com/2013/07/10/global-power-project-part-5-banking-on-influence-with-goldman-sachs/

    B) JP MORGAN IS LINKED WITH TONY BLAIR THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    http://www.telegraph.co.uk/news/celebritynews/6672904/Roman-Polanski-will-be-too-late-to-complete-his-film.html
    “Tony Blair. Illegitimate Son Of Jacob Rothschild….Evidence” http://the-tap.blogspot.com/2012/06/can-you-spot-it.html https://en.wikipedia.org/wiki/Jacob_Rothschild,_4th_Baron_Rothschild
    http://www.dailymail.co.uk/news/article-1138789/Now-Tony-Blairs-finally-got-private-jet-hes-wanted-rented.html https://en.wikipedia.org/wiki/Evelyn_Robert_de_Rothschild
    NOW WE MUST NOTICE A STRANGE COINCIDENCE:” TONY BLAIR A GREAT FRIEND OF JACOB ROTHSCHILD AND ALSO GREAT FRIEND OF EVELYN DE ROTHSCHILD AND “CASUALLY” HE FOUND A GOOD PLACE IN THE BANK JP MORGAN”.
    http://www.rawstory.com/rs/2012/05/28/heckler-brands-tony-blair-a-war-criminal-over-jpmorgan-payments/
    http://landdestroyer.blogspot.de/2012/05/protester-calls-tony-blair-war-criminal.html
    http://www.thisismoney.co.uk/money/celebritymoney/article-2167655/Former-PM-Tony-Blair-alleged-earned-80million-2007.html
    TONY BLAIR IS A PROMOTER OF THE GENOCIDAL “REFORMS” OF THE HEALTH CARE SYSTEM IN BRITAIN. http://larouchepac.com/node/28620
    http://www.dailymail.co.uk/news/article-2238916/Ministers-order-inquiry-care-pathway-payments-saw-hospitals-receive-millions-implement-controversial-system.html
    http://www.dailymail.co.uk/news/article-2240075/Now-sick-babies-death-pathway-Doctors-haunting-testimony-reveals-children-end-life-plan.html
    http://www.telegraph.co.uk/health/healthnews/9716418/Half-of-those-on-Liverpool-Care-Pathway-never-told.html
    JP MORGAN IS ALSO CONNECTED WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD
    ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild) AND BY HIS WIFE ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ). http://uk.linkedin.com/pub/juan-bergas-sastre/22/39/898/en http://www.zoominfo.com/p/Richard-Madeley/89504503
    ( NAZI ” j.p. morgan SAYS POST-WWII ANTI-FASCIST CONSTITUTIONS ARE OBSTACLE TO REIMPOSING FASCISM ” http://larouchepac.com/node/26996 )
    http://waronyou.com/forums/index.php?topic=25529.0 http://larouchepac.com/node/28338 http://larouchepac.com/node/27485
    http://www.occupy.com/article/global-power-project-part-4-banking-influence-jpmorgan-chase http://larouchepac.com/node/28700

    C) CITIGROUP IS ALSO LINKED WITH WARREN BUFFET, THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    Warren Buffet ” has been a Director of Citigroup Global Markets Holdings Inc., (formerly, Salomon Inc.) since 1987. ” http://www.sourcewatch.org/index.php/Warren_Buffett
    CITIGROUP HAS ALSO LINKS WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD AND HIS WIFE ARIANE DE ROTHSCHILD.
    ” Stefano Rossi that in a famous interview speaks of virtuous countries and of the impending crisis of Greece and of Spain, is CEO of Edmond De Rothschild and began his career in London in 1988. In 1989 he returned to Italy to join Citibank.”
    http://theyellowbrickroadfreeblog.wordpress.com/2012/05/11/the-rothschild-clan-in-italy-sleuth-bankers/
    http://andrewgavinmarshall.com/2013/07/24/global-power-project-part-7-banking-on-influence-with-citigroup/

    D) THE WORLD TRADE ORGANIZATION IS CONTROLLED BY GOLDMAN SACHS.
    ” Peter Sutherland is chairman of Goldman Sachs International in London…. Prior to joining the World Trade Organization (GATT) in 1993, he was with the firm for three years as an international advisor.” http://berggruen.org/people/peter-sutherland

    E) PETER MANDELSON THAT THREATENED WITH AN EMBARGO THE PRODUCTS OF BRAZIL IS CLOSELY RELATED WITH THE FAMILY OF JACOB ROTHSCHILD, BUT HAS ALSO LINKS WITH EVELYN DE ROTHSCHILD.
    Peter Mandelson is a great friend of Nat Rothschild, the son of Lord Jacob Rothschild.
    http://www.dailymail.co.uk/news/article-1080660/Use-Ferrari-Mandy-told-Rothschild-Klosters-holiday.html
    Mandelson is in good relations with Hannah Rothschild, the daughter of Lord Jacob Rothschild.
    http://www.dailymail.co.uk/news/article-1321095/Mandy-The-Movie-Prince-Darknesss-ultimate-vanity-project-shot-just-Labour-lost-election.html
    And also with the same Jacob Rothschild. http://www.conspiracyarchive.com/Blog/?p=2787
    http://www.dailymail.co.uk/debate/article-1205448/The-rich-love-power-He-adores-wealth.html
    ” In 2000, Sir Evelyn clandestinely provided the newly established British “super think tank,” Policy Network, with 250,000 pounds sterling to get it started. Policy Network is the coordinating organization between the DLC and Labour’s inner circle. Peter Mandelson, Privy Councilor since 1998 and a Ditchley governor, was the initial chairman of the Policy Network. ” https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm

    WHAT IS HAPPENING IN SOME COUNTRIES AFTER THE ABOLITION OF THE SEPARATION BETWEEN COMMERCIAL BANKS AND INVESTMENTS BANKS ?

    1)” WHILE OBAMACARE KILLS, IT WILDLY ENRICHES THE INSURANCE CONGLOMERATES — AS INTENDED
    October 4, 2013 • 11:48AM

    Two-thirds of the poor blacks and single mothers in the United States, and more half of the low-wage workers without health insurance, will be DENIED any support for their health care under Obama’s “Affordable Care Act,” even while the cost of the coverage available to them increases drastically. A New York Times analysis of census data shows that the 26 states which chose not to expand Medicaid (a choice left to the states under Obamacare), comprise half the nation’s population but 68% of the poor, uninsured blacks and single mothers, who will not be eligible for coverage under the killer scheme.
    The study estimates that eight million Americans are “impoverished, uninsured, and ineligible for help.”
    The study did not even count the huge undocumented immigrant population.
    It is no surprise that the winners in the Obamacare game are from Wall Street’s big insurers. This is inherent in the fascist (corporatist) nature of the plan, which unites the health insurance cartels with the government, in a drive to cut back health care for the “useless eaters” in the population.
    Robert Lenzner of Forbes reported Oct. 1 that the “value of the S&P health insurance index gained 43%” this year alone. CIGNA is up 63%; Wellpoint 47%; and United Healthcare 28%. Since the passage of Obamacare in 2010, the stock values of these big firms have risen 200-300%!
    United Healthcare, the largest insurer, with about 70 million insured, reported last summer that they had a particularly strong past year, with net income of $5.1 billion, up by 11% from the previous year; similarly for the others — even before the bonanza to result from the corporatist plan to force every American to buy their inflated products, beginning on October 1.
    United Healthcare, it should be recalled, has as a top executive Simon Stevens, who was Tony Blair’s health policy advisor and the architect of NICE (National Institute for Health and Clinical Excellence) in 1999, the “reform” of the British National Health Service which imposed triage and genocide on the British people through selective denial of cancer drugs, surgeries, kidney dialysis, and other treatments. This was the model for the IPAB (Independent Payment Advisory Board), which is now the law of the land under Obamacare. Genocide can be profitable. http://larouchepac.com/node/28409
    ( Health Insurers Scream, ‘Too late, we’ll have to raise rates,’ as Obama Again Hosts Them at White House http://larouchepac.com/node/28901)
    ( ObamaCare is Doing its job: Cutting, Shutting capacity to Give medical care http://larouchepac.com/node/28775 )
    ( Healthcare Cuts Are Killing Americans Now http://larouchepac.com/node/28733 )
    ( Never-Ending Reports of Obamacare Disasters http://larouchepac.com/node/28750 )
    ( Obama Cutting Food for 47 Million Americans http://larouchepac.com/node/28721 )
    ( LEAKED MEMO SHOWS OBAMA WAS WARNED IN MAY 2010 THAT OBAMACARE IMPLEMENTATION WOULD FAIL http://larouchepac.com/node/28765 )
    ( Obama in Office Is Biggest Threat to Lives; U.S. Public Hospital System Being Destroyed http://larouchepac.com/node/28861 )
    ( Obama’s whole economic Policy Kills, Not just ObamaCare http://larouchepac.com/node/28948 )

    VANGUARD GROUP IS THE BIGGEST SHAREHOLDER OF THE INSURANCE COMPANY CIGNA, BUT IS ALSO A BIG SHAREHOLDER OF WELLPOINT AND UNITEDHEALTH GROUP. http://finance.yahoo.com/q/mh?s=CI http://finance.yahoo.com/q/mh?s=WLP http://finance.yahoo.com/q/mh?s=UNH
    VANGUARD GROUP IS LINKED WITH DICK CHENEY.
    ” US Vice President Dick Cheney was indicted today for a prison profiteering scheme and charged with abuse of prisoners. Cheney invested millions in the Vanguard Group, an investment management company with interests in the prison companies in charge of detention centers. Former Attorney General Alberto Gonzales was also indicted in the prison profiteering scheme, resulting in ongoing prisoner assaults and at least one murder………….. ” http://november.org/stayinfo/breaking08/Cheney_Gonzales_Indicted.html
    DICK CHENEY IS CONNECTED WITH JACOB ROTHSCHILD.
    ” Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports.
    A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights.” http://www.globalresearch.ca/srael-grants-first-golan-heights-oil-drilling-license-to-dick-cheney-linked-company/5347779
    DICK CHENEY IS LINKED WITH THE BRITISH ROYAL FAMILY AND WITH THE BUSH FAMILY/CARLYLE BOTH FRONT OF THE ROTHSCHILDS. https://en.wikipedia.org/wiki/Dick_Cheney http://deanhenderson.wordpress.com/2013/09/27/bin-laden-the-911-illusion-part-ii-deutsche-bank-blackstone/
    ” Queen Elizabeth II strolled Friday through a replica of the fortress British adventurers built 400 years ago in Jamestown, America’s first permanent English settlement.
    Under gray skies and flanked by Vice President Dick Cheney and Gov. Timothy M. Kaine, the monarch walked along a tourist village of primitive, thatch-roofed buildings.” ” The queen, Cheney and Kaine will attend a lunch in Williamsburg, then visit the College of William and Mary before the royal couple departs for Louisville, Ky., and Saturday’s Kentucky Derby. Next week she visits President Bush in Washington. ” http://www.cbsnews.com/2100-207_162-2757017.html
    ALSO obama IS A PUPPET OF THE QUEEN. http://m.bbc.co.uk/news/uk-13489879
    THE BRITISH ROYAL FAMILY HAS LINKS WITH JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD. http://therearenosunglasses.wordpress.com/2013/10/24/rothschilds-hidden-behind-obama-and-the-genocidal-obamacare/
    obama IS ALSO A PUPPET OF GOLDMAN SACHS AND JP MORGAN BOTH RELATED WITH THE ROTHSCHILDS.
    http://prof77.wordpress.com/politics/an-updated-list-of-goldman-sachs-ties-to-the-obama-government-including-elena-kagan/
    http://yourdaddy.net/2010/04/29/scandal-obama-gore-goldman-joyce-foundation-ccx-partners-to-fleece-usa/
    ” …….In anticipation of a deal with the Justice Department over JPMorgan’s fraudulent mortgage securities operations, the Washington Post business section today ran an exhaustive profile of CEO Jamie Dimon, noting that he has visited the White House 22 times since Obama entered the presidency. ………” http://larouchepac.com/node/28762
    THEREFORE ARE THE ROTHSCHILDS HIDDEN BEHIND obama THAT ARE SUPPORTING AL QAEDA IN SYRIA.
    ( FIGHTING AL QAEDA BY SUPPORTING AL QAEDA IN SYRIA: THE OBAMA ADMINISTRATION IS A ‘STATE SPONSOR OF TERRORISM’ ) http://jimcraven10.wordpress.com/2013/06/23/4928/
    http://www.independent.co.uk/voices/comment/polio-has-broken-out-in-syria-and-20-million-children-are-to-be-vaccinated-8931389.html

    2) Moody’s and S&P Have Downgraded the Big Banks over the Bail-in
    http://larouchepac.com/node/28898

    WHO ARE THE THIEVES THAT ARE ASKING THIS ROBBERY ?
    WHO CONTROLS THE RATING AGENCIES ?
    “As for the rating agencies, how reliable are they?
    They have a pretty questionable credibility, as they were the ones who gave a triple-A rating to the subprime securities issued by Lehman Brothers, just 3 days before its bankruptcy.
    These same “clairvoyant” agencies are extremely powerful and do as they please on financial markets, including on those unregulated known as OTC (Over The Counter Derivatives) or the toxic markets in which agents buy insurance against the risk of default, CDS (Credit Default Swaps). They are closely related to Anglo-Saxon banks (including Goldman Sachs and Citibank). ” http://greekleftreview.wordpress.com/2010/07/12/the-meaning-of-the-greek-crisis/
    THE QUESTION OF THE BAIL-IN IS RELATED WITH SOME ROBBER BARONS THAT CONTROL DEUTSCHE BANK .
    ” At an event of the Konrad Adenauer Foundation in Wiesbaden on Wednesday night, the theme of which could be described as “Ask what you can do for your bank,” the two speakers, Hesse State Finance Minister Thomas Schäfer (CDU) and Deutsche Bank chief economist Thomas Mayer, made heavy propaganda pitches for the bail-in approach, presenting it along with the euro as ostensibly lacking any alternative. Mayer even went so far as to speak of the “unenlightened welfare state citizen” who always wants the state to give and never gives himself, as opposed to the “enlightened welfare state citizen” who voluntarily pays more taxes.”
    http://larouchepac.com/node/27223 http://larouchepac.com/node/28525
    WE HAVE ALREADY NOTED THAT DEUTSCHE BANK IS CONNECTED WITH BLACKSTONE.
    http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/
    http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan
    THE QUESTION OF THE BAIL-IN IS RELATED ALSO WITH CYPRUS AND GOLDMAN SACHS.
    THE ROB-IN WAS IMPOSED TO CYPRUS BEHIND BLACKMAIL OF THE EUROPEAN CENTRAL BANK.
    “ECB Threatens Cyprus with Liquidity Cutoff ” http://larouchepac.com/node/25929
    BUT THE ECB IS CONTROLLED BY GOLDMAN SACHS BECAUSE MARIO DRAGHI, PRESIDENT OF THE ECB, WAS A DIRIGENT OF GOLDMAN SACHS.
    ” Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005).”
    https://en.wikipedia.org/wiki/Mario_Draghi

    PERHAPS ARE JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD THAT WANT TO STEAL THE DEPOSITS OF THE SAVERS ?

    3) CUTS IN HEALTH INSURANCE FOR DETROIT CITY WORKFORCE http://larouchepac.com/node/28731

    THE PROBLEMS OF DETROIT ARE LINKED WITH THE BANKS UBS AND BANK OF AMERICA

    ” …….Some experts are now estimating that the payments to the megabanks UBS and Bank of America, which Detroit faces on the “interest-rate swaps” derivatives it was conned into buying, may even be considerably larger than the $225 million reported in EIR’s “Detroit Facts”. According to both the Financial Times and columnist Yves Smith’s Naked Capitalism blog, the city may face immediate looting of $700 million, on top of more than $100 million a year lost to the city for the past eight years on these derivatives bets. The appointment of Kevyn Orr as emergency manager by Gov. Rick Snyder on March 14, was itself a “credit event” potentially triggering a $400 million derivatives payment by the city, one which Orr and the banks may be “not bringing up” until bankruptcy court hearings start…….” http://larouchepac.com/node/27564

    BANK OF AMERICA is also connected with the person of Warren Buffet a friend of JACOB ROTHSCHILD and EVELYN DE ROTHSCHILD.
    http://www.huffingtonpost.com/2011/11/14/warren-buffett-ibm_n_1092165.html
    Bank Of America and Merrill Lynch ( subsidiary of Bank of America ) are also related with the Edmond De Rothschild, owned by BENJAMIN DE ROTHSCHILD AND ARIANE DE ROTHSCHILD, through the persons of Gerald Levy, Matthieu Walterspiler, Barbara Colombo, Beate Bakker, etc… https://en.wikipedia.org/wiki/Benjamin_de_Rothschild https://en.wikipedia.org/wiki/Ariane_de_Rothschild
    http://www.linkedin.com/pub/gerald-levy/60/b49/b87 http://uk.linkedin.com/in/walterspiler http://www.linkedin.com/pub/barbara-colombo/26/b21/766
    http://ch.linkedin.com/pub/beate-bakker/16/a55/491

    UBS IS LINKED WITH BUNDESBANK AND DEUTSCHE BANK.
    ” Axel Alfred Weber ….. is a board member and chairman of the board of UBS.[1] He was president of the Deutsche Bundesbank ”
    https://en.wikipedia.org/wiki/Axel_A._Weber
    BUT BUNDESBANK IS RELATED WITH CARLYLE AND THEREFORE WITH BLACKSTONE, DEUTSCHE BANK AND THE ROTHSCHILDS.
    http://deanhenderson.wordpress.com/2013/09/27/bin-laden-the-911-illusion-part-ii-deutsche-bank-blackstone/
    http://therearenosunglasses.wordpress.com/2013/10/24/rothschilds-hidden-behind-obama-and-the-genocidal-obamacare/
    ” Karl Otto Pöhl (born 1 December 1929) is a German economist and a President of the Bundesbank and Chairman of its Central Bank Council from 1980 to 1991………..
    Karl Otto Pöhl is currently a partner in Sal. Oppenheim Jr. & Cie., a German private investment bank and is a member of the Advisory Board of the Carlyle Group. ”
    https://en.wikipedia.org/wiki/Karl_Otto_P%C3%B6hl
    THE SAME AXEL WEBER WAS A POTENTIAL SUCCESSOR OF JOSEF ACKERMANN AS CEO OF DEUTSCHE BANK.
    http://sandiegoshotels.blogspot.com/2011/04/ackermann-succession-can-axel-weber.html
    https://wikispooks.com/ISGP/organisations/introduction/PEHI_Jacob_de_Rothschild_bio.htm ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild )
    ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ) https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm

    ” The fight for a Glass-Steagall type banking sepearation in Switzerland is now reaching the boiling point, with the Swiss Banking Association being forced to come out in the open and attack proposed legislation in Switzerland for Bank Separation, while a grouping of political forces are now consolidating their fight to force the legislation. ………………………….
    UBS chief Sergio Ermotti, on the contrary, chose to declare war in an interview with the economic magazine L’Agefi. While the apparent subject of the interview was the UBS gains from its investments in Vodafone, his remarks came down to an attack on the bank separation initiative, and, in particular, on SPP leader Christoph Blocher. In view of those financial gains, Ermotti said, it is understandable why people who want to strengthen the Swiss financial center and its banks, keep pushing bank separation. “It is also fundamentally difficult to carry out a professional discussion on the issue,” he protested….. ” http://larouchepac.com/node/28272 http://www.telegraph.co.uk/news/politics/8875360/Taxman-accused-of-letting-Vodafone-off-8-billion.html
    ( More Evidence of How the British Looted Detroit to Death http://larouchepac.com/node/27516 )
    ( Detroit: Pensions or Derivatives? Glass-Steagall Would Have Made the Choice http://larouchepac.com/node/27528 )
    http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214
    ( UBS, Scared by Glass-Steagall, Announces Fake Pre-Emptive ‘Separation’ http://larouchepac.com/node/28739 )

    4) GLASS-STEAGALL MOTION INTRODUCED IN ITALY’S VENETO REGION
    November 15, 2013 • 5:23PM

    A Lega Nord faction in the Veneto Regional Council introduced a Glass-Steagall Motion on Nov. 14, composed by the text voted by the Lombardy Regional Council and a section dedicated to the regional economy……………The signers include the entire Lega Nord faction plus three councilmen from three other parties.
    The section dedicated to the regional economy says that the Veneto banking system represents 10.7% of the national system, and that 43.8% of it is composed by cooperative banks…………………………………
    Since 2008, “the Veneto economy has been thrown back of seven years”; unemployment has risen to 7.5% and family consumption fell of 2.3%.
    After a description of the historical Glass-Steagall Act and the Italian 1936 Banking Act, the Motion calls on the Italian government to draft a bill for “separating commercial banks and investment banks after the principles and the model of the Glass-Steagall Act,” and promoting banks linked to local communities. It also calls on the European Parliament, the ECB, and the Ecofin of EU finance, economic, and treasury ministers, to review the bail-in mechanism in order to exclude all depositors and corporate accounts, “even those not protected.

    Signed: Caner, Bassi, Cappon, Ciambetti, Conte, Manzato, Finozzi, Lazzarini, Tosato, Toscani, Possamai, Finco, Cenci, Sandri, Valdegamberi, Franchetto, Furlanetto, Corazzari, Stival, Foggiato. ” http://larouchepac.com/node/28888
    ( Glass-Steagall Campaign in Italy http://larouchepac.com/node/28706 )
    ” “The Glass-Steagall Act, was repealed in 1999 by Clinton, whereas in Italy the 1936 Banking Act was superseded by the Single Act of 1993, which opened the doors to ‘universal banking,’ combining traditional activities with financial ones, including speculation.” http://larouchepac.com/node/28732
    THE 1936 BANKING ACT WAS ABOLISHED DURING THE GOVERNMENT OF GIULIANO AMATO.
    giuliano amato IS A PUPPET OF THE BRITISH ROYAL FAMILY.
    ” On being offered fine Italian wines by Giuliano Amato, the former Prime Minister, at a dinner in Rome, he [Prince Philip] is said to have uttered: “Get me a beer. I don’t care what kind it is, just get me a beer!” http://ourlifeinacaravan.blogspot.ru/2012/04/q-is-for-queen.html
    amato WAS ALSO A SENIOR ADVISOR OF DEUTSCHE BANK. https://www.db.com/medien/en/content/press_releases_2010_4871.htm
    FOR COINCIDENCE giuliano amato IS A MASON.
    ” giuliano amato ENJOYS GOOD RELATIONSHIPS AND FRIENDSHIPS IN THE ANGLO-SAXON MASONIC WORLD AND IN CERTAIN SUPRANATIONAL MASONIC ENVIRONMENTS RELATED TO THE FINANCE AND TO THE GERMAN BANKING WORLD”.
    http://www.ilfattoquotidiano.it/2013/02/06/caso-mps-gioele-magaldi-mussari-e-nella-massoneria-da-molto-tempo/491604/
    BUT AS WE HAVE ALREADY NOTICED THE GERMAN BANKING WORLD IS CONTROLLED BY LONDON
    ” Rather P-1, P-2 and Freemason lodges worldwide – which house the real mafia – are chartered by the delicate tea-sipping white glove hands of the Duke of Kent in London – who answers directly to his cousin Queen Elizabeth II, the Bush family relative who presides over the British House of Windsor. ……..
    Dope Inc.: The Book that Drove Kissinger Crazy. The Editors of Executive Intelligence Review. Washington, DC. 1992. p.367. ”
    http://deanhenderson.wordpress.com/2011/11/09/bnl-p-2-the-gnomes-of-zurich/
    napolitano HAS APPOINTED giuliano amato AS JUDGE OF THE ITALIAN CONSTITUTIONAL COURT. https://en.wikipedia.org/wiki/Giuliano_Amato
    napolitano APPOINTED DEUTSCHE BANK AS JUDGE OF THE CONSTITUTIONAL COURT ?
    giorgio napolitano, THE PRESIDENT OF ITALY, IS A MASON AND A PUPPET OF THE ROTHSCHILDS. https://en.wikipedia.org/wiki/Giorgio_Napolitano
    IN THIS LINK http://www.altrestorie.org/print.php?news.1659 THERE IS A LETTER SENT BY napolitano TO GUSTAVO RAFFI, GRAND MASTER OF THE GRAND ORIENTE LODGE, WHERE EXPRESSES HIS APPRECIATION FOR THIS MASONIC LODGE.

    5) NATO THAT IS CONTROLLED BY THE ATLANTIC COUNCIL HAS STRONG RELATIONS WITH THE ROTHSCHILDS.
    ” Bankers love NATO, because NATO loves the bankers. If you want to get an idea just go on the site of the North Atlantic Council, to discover that among the sponsors of the Council are all the major multinational companies, and not just only of the finance. There are even Coca-Cola and Google. The seats of honor are for Deutsche Bank, the usual Goldman Sachs and JP Morgan.”
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Finformazioneconsapevole.blogspot.com%2F2011%2F10%2Fagli-indignati-non-far-sapere-quanto-la.html

    A) BLOODY BARONS THAT CONTROL THE NATO ARE INSTALLING THE POWERFUL AND DANGEROUS RADAR MUOS IN THE CITY OF NISCEMI (ITALY) WITH THE AID OF THEIR LOCAL MAFIA
    http://www.nomuos.info/en/muos-e-droni-la-sicilia-piattaforma-delle-guerre-del-xxi-secolo/ https://en.wikipedia.org/wiki/Mobile_User_Objective_System
    ” There are only three other ground stations like the Muos in the world, producing very high electromagnetic fields. And they’re all built in some desert areas of Virginia, Hawaii and Australia. In Sicily, for some mysterious reasons, it looked OK to place the Muos five kilometres from the town of Niscemi, in a unique nature reserve and way too close to the civil population. …….with serious risk of causing, in the short and long term, severe degenerative disease in the population, such as cancer and leukemia.” http://www.nowitaly.com/now-italy/15488/muos-an-ecological-bomb-in-the-mediterranean

    B) OBAMA, MERKEL, EUROPEAN UNION AND NATO ARE PUSHING FOR NEW WORLD ORDER.
    http://www.atlanticcouncil.org/blogs/natosource/us-ambassador-to-germany-trans-atlantic-cooperation-is-indispensable
    http://www.germany.info/Vertretung/usa/en/__pr/P__Wash/2013/06/19-TTIP-Berlin.html

    MONSANTO IS PUSHING SECRETELY FOR AN ECONOMIC UNION BETWEEN UNITED STATES AND THE EUROPEAN UNION ( Transatlantic Trade and Investment Partnership TTIP) BUT ALSO FOR Trans-Pacific Partnership (TPP) AND Regional Comprehensive Economic Partnership (RCEP).
    ” Negotiations for the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) are grabbing headlines around the world. Meanwhile, Asia’s own mega-regional trade deal — the Regional Comprehensive Economic Partnership (RCEP) — is quietly being negotiated. But it deserves more press: the RCEP could create the world’s largest trading bloc and have significant implications for the world economy. So what would the RCEP cover and who will it benefit? ” http://ronmamita.wordpress.com/2013/05/20/tpp-ttip-and-rcep/
    ” The TPP is a proposed free trade agreement under negotiation by (as of August 2013) Australia, Brunei, Chile, Canada, Japan,[9] Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam. ” https://en.wikipedia.org/wiki/Trans-Pacific_Strategic_Economic_Partnership
    http://ronmamita.wordpress.com/2013/11/13/the-tpp-is-by-far-the-largest-and-most-oppressive-economic-treaty-devised-thus-far/

    ” Both the TTP and the TTIP remove control of the participating country’s economy, placing it in the governing international trade body, similar to how the Brussels-based European Union usurped sovereignty of the captive European nations. Both treaties are treated as secret, but it is known that provisions of the governing body will override individual nations’ laws on critical matters such as health care, trade flows, and government run or assisted industries. ” http://larouchepac.com/node/28447

    ” In addition to being a trade deal, the TTIP, places heavy regulations on climate and food industries, proving this agreement has more to it than meets the eye. The language that was written for the TTIP could open doors for companies like Monsanto, allowing them to push their genetically engineered food production overseas as well as in the United States.
    Senator Ron Wyden (D-Ore.) has been a very outspoken critic of the TTIP and the Trans-Pacific Partnership or TPP, had this to say about the Transatlantic deal:
    “US seed companies that for a decade have been struggling to break the deadlock over the authorization for the cultivation of their [GM] seeds now will be presented with the ultimate opportunity to change the entire process to suit their needs.” ” http://21stcenturywire.com/2013/07/09/transatlantic-trade-deal-being-pushed-in-secret-amidst-the-nsa-scandal/ http://www.presseurop.eu/en/content/article/4329021-companies-can-lay-down-law

    MONSANTO AND BLACKWATER ARE LINKED WITH BILL GATES.
    ” Almost simultaneously with the publication of this article in The Nation, the Via Campesina reported the purchase of 500,000 shares of Monsanto, for more than $23 million by the Bill and Melinda Gates Foundation, which with this action completed the outing of the mask of “philanthropy.” ” http://english.pravda.ru/business/companies/14-10-2010/115363-machines_of_war_blackwater_monsanto_billgates-0/
    http://larouchepac.com/node/27742 http://whale.to/a/monsanto_h.html http://whale.to/c/cartels.html
    http://larouchepac.com/node/27469 http://ronmamita.wordpress.com/2013/05/23/companies-that-use-monsanto-products-boycott-all/
    BILL GATES IS LINKED WITH THE BRITISH ROYAL FAMILY AND WITH GOLDMAN SACHS BOTH FRONTS OF THE ROTHSCHILDS.
    http://www.nwrage.org/content/bill-gatess-so-called-philanthropic-foundation-buys-monsanto-and-goldman-sacks-stocks
    ” Gates was made an honorary Knight Commander of the Order of the British Empire (KBE) by Queen Elizabeth II in 2005. ” https://en.wikipedia.org/wiki/Bill_Gates
    http://therearenosunglasses.wordpress.com/2013/10/24/rothschilds-hidden-behind-obama-and-the-genocidal-obamacare/
    THESE DANGEROUS ECONOMIC UNIONS ( TTIP TPP RCEP ) HAVE ECONOMIC NATURE BUT, VERY PROBABLY, IN THE FUTURE WILL BECOME ALSO MONETARY UNIONS AND AT THE END WE WILL HAVE A GLOBAL CURRENCY. ALSO THE EUROPEAN UNION STARTED LIKE ECONOMIC UNION BUT THEN BECAME A TOTALITARIAN MONETARY UNION. http://www.singleglobalcurrency.org/documents/ArticleEconomist1988GetReadyforthePhoenix_001.doc

    BUT OBAMA, MERKEL, EU AND NATO ARE LINKED WITH THE BARONS THAT CONTROL GOLDMAN SACHS AND DEUTSCHE BANK AND THUS ARE THESE BARONS THAT PUSH FOR THE NEW WORLD ORDER. http://wikimapia.org/6825620/fr/Chateau-de-Pregny http://www.panoramio.com/photo/77169200 https://en.wikipedia.org/wiki/Waddesdon http://www.waddesdon.org.uk/ http://www.thefullwiki.org/Waddesdon_Manor http://www.thefullwiki.org/Ascott_House http://www.breathingenglishair.blogspot.fr/2012/04/ascott-house-buckinghamshire.html
    “The German government’s policy on debt restructuring for Greece is lifted directly from policy papers prepared by the Deutsche Bank, it has emerged……………
    The revelation that the Finance Ministry in Berlin just takes over the contents of policy papers of Deutsche Bank offers yet more proof that Chancellor Angela Merkel and Wolfgang Schäuble are puppets of the commercial banks.
    Merkel and Deutsche Bank CEO Josef Ackermann attended this year’s Bilderberg conference in Switzerland and would have had ample opportunity to discuss ways and means to expropriate yet more money from the tax payers under one pretext or another. ”
    http://water pressure.wordpress.com/2011/06/17/jane-burgermeister-report-deutsche-bank-writes-german-finance-ministry%e2%80%99s-greek-debt-policy-ard-documentary-reveals/

    6) CORRUPT AND CRIMINAL EUROPEAN UNION HAS PREPARED BIG FUND (EUROPEAN STABILITY MECHANISM) WITH THE MONEY OF THE EUROPEAN CITIZENS TO SAVE SOME BANKRUPT BANKS. http://larouchepac.com/node/23172
    http://www.zerohedge.com/news/2013-04-29/728-trillion-presenting-bank-biggest-derivative-exposure-world-hint-not-jpmorgan
    ITALY AND THE EUROPEAN UNION ARE WELL CONTROLLED BY GOLDMAN SACHS.
    http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html
    ( FIVE YEARS LATER: RED CROSS, CARITAS WARN OF EUROPE’S DESCENT INTO HELL http://larouchepac.com/node/28529 )
    1) ITALY IS INCREASING ITS DEBT IN ORDER TO POUR, IN SEVERAL INSTALLMENTS, OVER 125 BILLIONS TO THE ESM:
    2) ITALY WILL INCREASE FOR A SECOND TIME ITS DEBT WHEN WILL ASK AS LOAN A PART OF THAT SAME MONEY WITH USURIOUS INTERESTS BY THE ESM IN ORDER TO GIVE THEM TO THE BANKS. http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DNews%26file%3Darticle%26sid%3D12431%26mode%3Dthread%26order%3D0%26thold%3D0
    ITALY ARE ABANDONING ITS DISABLED PEOPLE WITHOUT BENEFITS AND WELFARE IN ORDER TO SAVE THE BANKS.
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.nuovaresistenza.org%2F2013%2F10%2F26%2Flitalia-abbandona-piu-deboli%2F ( Poverty Has Doubled in Five Years in Italy http://larouchepac.com/node/28725 )

    7) ” VIOLENT REVOLTS IN BRITTANY, A TASTE OF GREECE IN FRANCE
    October 31, 2013 • 10:56AM

    The French region of Brittany, once the model of the post-war industrial reconstruction and modernization policies, has in recent weeks and days entered into profound crisis. Last weekend a demonstration of some 1,000 farmers and entrepreneurs became a violent confrontation with the police. One of the demonstrators lost his hand when a grenade he was launching exploded, another one was gravely wounded. Apparently, what led to a mass revolt in the region is an ecology tax on heavy transporters adopted by Sarkozy, but which the Socialists with their Greenie allies are now imposing throughout France. Brittany is a very extended region with a highly developed and integrated agro-food sector, which would be taxed much more than other regions……….” http://larouchepac.com/node/28726

    ” But behind this ecological tax there is another issue, which has never been submitted to public debate: this is the first time that the collection of the tax is entrusted to private companies. A consortium led by Benetton, Goldman Sachs, Thales and SFR receives 20% of the tax revenues to ensure its collection. Something similar has never seen before!………….
    “The eco-tax is without doubt expensive,” admits Marie-Hélène Des Esgaulx. For a total of 1.2 billion euros collected, approximately EUR 280 million are devoted to the remuneration of the private company that ensures the collection. 23% [1]! It is the most expensive fee ever implemented!……..
    http://translate.google.com/translate?sl=fr&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.bastamag.net%2Farticle3465.html
    IN CONCRETE THE BENETTON FAMILY IS A COVER OF THE ROTHSCHILDS.
    ALESSANDRO BENETTON WORKED FOR GOLDMAN SACHS INTERNATIONAL. https://it.wikipedia.org/wiki/Alessandro_Benetton http://larouchepac.com/node/28958

    8) THE ROBBER BARONS AND THEIR ORGY OF PRIVATISATIONS IN ITALY

    enrico letta, THE PRIME MINISTER OF ITALY IS PROCEEDING TO THE SELLING OUT OF ITALY. https://en.wikipedia.org/wiki/Enrico_Letta
    enrico letta IS A PUPPET OF GOLDMAN SACHS BECAUSE HIS UNCLE gianni letta IS “A MEMBER OF THE ADVISORY BOARD OF GOLDMAN SACHS INTERNATIONAL”. https://en.wikipedia.org/wiki/Gianni_Letta
    enrico letta WAS APPOINTED AS PRIME MINISTER BY THE MASON PRESIDENT OF ITALY napolitano.
    letta IS SUPPORTED BY THE “DEMOCRATIC” PARTY. CARDHOLDER No 1 OF THIS PARTY IS THE FINANCER carlo de benedetti ” CURRENTLY ON THE SUPERVISORY BOARD OF THE COMPAGNIE FINANCIERE EDMOND DE ROTHSCHILD BANQUE (PARIS) ” OWNED BY BENJAMIN DE ROTHSCHILD AND ARIANE DE ROTHSCHILD. http://2012.festivaleconomia.eu/en/people/carlo-de-benedetti
    THE DEMOCRATIC PARTY WAS FOUNDED ALSO WITH THE CONTRIBUTION OF TONY BLAIR THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD. http://www.larouchepub.com/eiw/public/2007/2007_20-29/2007_20-29/2007-22/pdf/22-23_722.pdf
    THE ITALIAN PRESS STATES THAT silvio berlusconi WILL NOT SUPPORT ANYMORE THE letta GOVERNMENT. https://en.wikipedia.org/wiki/Silvio_Berlusconi
    berlusconi IS COMPLETELY UNRELIABLE FOR VARIOUS REASONS.
    berlusconi IS ALSO LINKED WITH GOLDMAN SACHS THROUGH THE PERSON OF TONY BLAIR, THE FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    ” Prime Ministers Blair and Berlusconi today confirmed the ‘excellent relationship’ that exists between the UK and Italy in a summit in London.
    Mr Blair said the talks today were “amicable, productive and constructive”.
    “I really do not think the relationship between Britain and Italy has ever been stronger,” he said at a press conference following the meeting.”
    http://www.declarepeace.org.uk/captain/murder_inc/site/copeland.html
    berlusconi IS ALSO THE HOLDER OF THE CARD No 1816 OF THE MASONIC LODGE P2.
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.societacivile.it%2Ffocus%2Farticoli_focus%2Fmassoni%2Fp2.html http://www.societacivile.it/focus/articoli_focus/massoni/p2.html http://larouchepac.com/node/15745
    ( SILVIO [BERLUSCONI] E GIORGIO [NAPOLITANO], AFFINITY AND “BROTHERHOOD” ? http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.affaritaliani.it%2Fcronache%2Fsilvio-e-giorgio-affinit-e-fratellanza151113.html )

    A) letta IS SELLING THE COMPANY ANSALDO TO DOOSAN, GENERAL ELECTRIC AND HITACHI.
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.ilmanifesto.it%2Fattualita%2Fnotizie%2FmricN%2F9907%2F

    B) ” In the television performance of PILLAGER [finance minister] Saccomanni, aroused particular wonder the hypothesis to privatize, in addition to ENI, also the RAI……..
    The interesting aspect of the RAI in the eyes of privatisation lobby, concerns something else, precisely its not negligible real estate. The “public” broadcasting entity owns many buildings and land, located in almost every region of Italy. ” https://en.wikipedia.org/wiki/RAI
    RAI OWNS ABOUT 660,000 SQUARE METERS OF REAL ESTATE !!!. http://www.immobili.rai.it/ http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.immobili.rai.it%2F https://en.wikipedia.org/wiki/Fabrizio_Saccomanni
    ” The privatisation of real estate does not give nothing to the State, but It costs, and even very much…..Saccomanni has decided to find the necessary money, almost two billion euro within the next four years, in an institute like the INAIL, the National Institute for Insurance against Accidents at Work. ”
    SACCOMANNI IS PAYNG THE ROBBER BARONS TO STEAL OUR HOME ?
    “In the INAIL there is still a lot to plunder, because is not only a financial safe, but also owns a huge real estate. Although the sales of the past few years, INAIL still owns a real estate rather rich and varied, ranging from historic buildings of architectural and artistic value, until the offices and the apartments. ”
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.a-realestate.it%2Fnews%2Fspeciali%2F111006_inail.html%3Fpg%3D2
    ( ITALY WILL SELL OFF HISTORIC CASTLES TO RESTORE THE BUDGETARY HOLES http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DNews%26file%3Darticle%26sid%3D12458 )
    ” The Wall Street Journal recently reported the renewed interest for U.S. and German multinationals for the Italian real estate; ” http://online.wsj.com/news/articles/SB10001424052702304330904579137381040342114
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fterracinasocialforum.wordpress.com%2F2013%2F10%2F31%2Fcolto-con-le-mani-nel-sacco-manni%2F
    THESE MULTINATIONALS ARE REALY AMERICAN AND GERMAN ?

    C) ALSO THE SHIPYARDS ARE GOING TO BE PRIVATIZED.
    ( United Against the privatizations ! Alongside with the Fincantieri workers! http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.marx21.it%2Fitalia%2Fsindacato-e-lavoro%2F23129-contro-la-privatizzazione-uniti-a-fianco-dei-lavoratori-della-fincantieri.html )

    D) REVOLT OF THE TRAM DRIVERS IN GENOA AGAINST THE PRIVATISATION OF THE LOCAL PUBLIC TRANSPORT.
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DForums%26file%3Dviewtopic%26t%3D65284

    E) THE NEWSPAPER “L’ESPRESSO” RAISES SCANDALS ABOUT THE WATER OF THE CITY OF NAPLES STATING THAT IS POISONED.
    http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DNews%26file%3Darticle%26sid%3D12596
    SOMEONE SUSPECTS THAT BEHIND THESE SCANDALS IS HIDDEN THE INTENTION TO PRIVATIZE THE WATER OF THE CITY OF NAPLES.
    THE NEWSPAPER L’ESPRESSO IS CONTROLLED BY CARLO DE BENEDETTI, A MAN OF THE EDMOND DE ROTHSCHILD, AND BY THE FAMILY CARACCIOLO.
    https://en.wikipedia.org/wiki/Gruppo_Editoriale_L%27Espresso
    THE FAMILY CARACCIOLO IS RELATED WITH THE FAMILY AGNELLI AND WITH THE COMPANY FIAT. https://en.wikipedia.org/wiki/Carlo_Caracciolo
    FIAT IS CONNECTED WITH LAZARD.
    ” Lazard’s role in destructuring the U.S. automobile industry is nothing new. The bank has long represented Italy’s Fiat, holding a seat on its board and assisting in its international operations. ”
    “Lazard, through its investments in the business enterprises of the Bush family, has played a key role in inflicting two Bush Presidents upon the world, and it was Rothschild’s George Soros who bailed George W. Bush out of his failed oil venture. ”
    http://www.larouchepub.com/eiw/public/2006/2006_20-29/2006_20-29/2006-26/pdf/14_626_feat.pdf
    THE FAMILY BUSH AND SOROS ARE LINKED WITH CARLYLE/BLACKSTONE FRONT OF THE ROTHSCHILDS.
    http://deanhenderson.wordpress.com/2013/09/27/bin-laden-the-911-illusion-part-ii-deutsche-bank-blackstone/
    http://therearenosunglasses.wordpress.com/2013/10/24/rothschilds-hidden-behind-obama-and-the-genocidal-obamacare/
    ARE JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD THE TRUE OWNERS OF SOME COMPANIES THAT WANT TO ROB THE WATER OF NAPLES ? http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.ilmanifesto.it%2Fattualita%2Fnotizie%2FmricN%2F10048%2F

    HOWEVER ALL THESE COMPANIES INVOLVED IN THE PRIVATIZATIONS IN ITALY ARE CONNECTED WITH DEUTSCHE BANK.
    There is a document entitled ” Revenue, competition, grouth ” (Potential for privatisation in the euro area ) signed by Dieter Bräuninger, Senior Economist of the department of Deutsche Bank Research.
    ” An important text because it helps to understand better who are the “financial markets”, that every day reject or promote certain policies of individual governments.
    The request that is addressed directly to the so-called Troika, European Commission, ECB and IMF is the massive and deep privatization of the system of social welfare and public services for a worth of hundreds of billions of euros for the following countries: France, Italy, Spain, Greece, Portugal and Ireland………….. ” http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Ffiom-insiel.blogspot.com%2F2012%2F06%2Fla-deutsche-bank-e-il-piano-di.html http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000281545.pdf

    ” Professor Joseph Stiglitz, former Chief Economist of the World Bank, and former Chairman of President Clinton’s Council of Economic Advisers, goes public over the World Bank’s, “Four Step Strategy,” which is designed to enslave nations to the bankers. I summarize this below,
    Step One: Privatization.
    This is actually where national leaders are offered 10% commissions to their secret Swiss bank accounts in exchange for them trimming a few billion dollars off the sale price of national assets. Bribery and corruption, pure and simple. ” http://www.iamthewitness.com/books/Andrew.Carrington.Hitchcock/Synagogue.of.Satan/1998-2002.htm
    letta,saccomanni AND company ARE PREPARING TO TAKE THE HUGE TANGENT OF 10% BY DEUTSCHE BANK ?

    9) THE CRUEL BARONS OF BRITAIN
    GOLDMAN SACHS CONTROLS ALSO BRITAIN BECAUSE THE GOVERNOR OF THE BANK OF ENGLAND IS A MAN OF GOLDMAN SACHS.
    ( Bank of England Head Carney Hangs Out His Shingle: Financial Cancer Welcome Here http://larouchepac.com/node/28692 )
    ( Rebuilding the Brutish Empire Step by Step http://larouchepac.com/node/28709 )
    carney, osborne and cameron WHILE ARE MAKING PLANS FOR THE BANKS, IN THE SAME TIME ARE ABANDONING THE MOST VULNERABLE PEOPLE OF THE SOCIETY IN THE MISERY !!!
    http://www.guardian.co.uk/politics/2012/apr/20/david-cameron-jersey-panama-geneva http://www.dailymail.co.uk/news/article-1080666/Multi-millionaire-Nat-Rothschild-Osbornes-200-000-gift.html
    http://www.independent.co.uk/news/uk/politics/163850bn-official-cost-of-the-bank-bailout-1833830.html
    “UNITED KINGDOM GOVERNMENT DENOUNCED FOR CRIMES AGAINST DISABLED PEOPLE TO INTERNATIONAL CRIMINAL COURT IN THE HAGUE”
    http://www.mssociety.org.uk/forum/everyday-living/united-kingdom-government-denounced-crimes-against-disabled-people-internation
    http://www.theguardian.com/society/2012/sep/12/private-firms-disability-assessment-regime http://socialinvestigations.blogspot.co.uk/2013/08/charity-sector-lobbied-jeremy-hunt-to.html
    http://socialinvestigations.blogspot.co.uk/2012/07/over-60-mps-connected-to-companies.html http://socialinvestigations.blogspot.co.uk/2012/02/nhs-privatisation-compilation-of.html
    “EXCLUSIVE: RED CROSS LAUNCHES EMERGENCY FOOD AID PLAN FOR UK’S HUNGRY”
    http://www.independent.co.uk/news/uk/home-news/exclusive-red-cross-launches-emergency-food-aid-plan-for-uks-hungry-8872496.html
    “10,600 SICK & DISABLED PEOPLE DIED LAST YEAR WITHIN SIX WEEKS OF THEIR CLAIM ENDING ”
    http://blacktrianglecampaign.org/2012/10/04/10600-sick-disabled-people-died-last-year-within-six-weeks-of-their-claim-ending/
    ” BEDROOM TAX BLAMED FOR GRAN’S DEATH ” http://www.standard.co.uk/panewsfeeds/bedroom-tax-blamed-for-grans-death-8612630.html
    ” BRITISH CHILDREN ILL-TREATED IN PRIVATE JAILS
    http://dearkitty1.wordpress.com/2013/08/23/british-children-ill-treated-in-private-jails/
    THE BIGGEST SHAREHOLDER OF G4S, THAT MANAGES DETENTION CENTRES IN BRITAIN, IS TWEEDY, BROWNE. http://investors.morningstar.com/ownership/shareholders-major.html?t=GFSZF
    ” In 1997 Tweedy, Browne was purchased by the holding company Affiliated Managers Group for $300 million. ” https://en.wikipedia.org/wiki/Tweedy,_Browne
    ” Sean M. Healey was appointed chairman [of Affiliated Managers Group] in October 2010, served as president and CEO since May 2001 and in other senior management positions since 1995………..
    Prior to joining AMG Healey was a vice president in the Mergers and Acquisitions Department at Goldman, Sachs & Co. ” https://en.wikipedia.org/wiki/Affiliated_Managers_Group
    THEREFORE THE ATROCITIES OF G4S ARE LINKED WITH GOLDMAN SACHS AND WITH THE PERSONS OF JACOB ROTHSCHILD, BENJAMIN DE ROTHSCHILD, ARIANE DE ROTHSCHILD AND EVELYN DE ROTHSCHILD.

    10) THE GREEK POLICY IS COMPLETELY CONTROLLED BY DEUTSCHE BANK THROUGH ITS CORRUPT PUPPETS samaras, venizelos AND THE mitsotakis family
    https://en.wikipedia.org/wiki/Antonis_Samaras https://en.wikipedia.org/wiki/Evangelos_Venizelos https://en.wikipedia.org/wiki/Kyriakos_Mitsotakis https://en.wikipedia.org/wiki/Dora_Bakoyannis https://en.wikipedia.org/wiki/Constantine_Mitsotakis
    http://www.corpwatch.org/article.php?id=15740 http://giorgos-vamvakousis.blogspot.ch/2010/03/redaktion-f-ocus-magazine-steinhauser.html
    ” One former Pasok official, Theodoros Tsoukatos, has admitted that he accepted €400,000 from the local Siemens boss as an election contribution in 1999, when he was a prime ministerial aide responsible for collecting political donations. Amid the furore, Kyriakos Mitsotakis, a New Democracy deputy who is the son of a former prime minister, recently paid an overlooked bill for a switchboard that was supplied to his private office by Siemens, after a copy of the invoice was printed in a Greek newspaper.” http://teacherdudebbq.blogspot.com/2009_05_31_archive.html
    http://www.keeptalkinggreece.com/2013/11/14/athens-fired-school-guard-attacks-minister/
    The “Proposal for Greek liability management exercise – burden sharing without haircuts” with voluntary participation of banks in the rescue, presented by Germany earlier this month and that is now at the center of heated debate across Europe on the euro crisis, were the work of Deutsche Bank. The outline of the letter sent on June 6 at the European Central Bank and the Ecofin by German finance minister, Wolfgang Schäuble, were made by the leading German bank, under the leadership of its chief, Josef Ackermann.” http://lacomunidad.elpais.com/la-abadia-de-theleme/2011/6/19/grecia-es-del-deutsche-bank

    A) DEUTSCHE BANK DEPRIVES THE GREEK PEOPLE OF THE MEDICAL INSURANCE
    ” Recently Greece took the «honor» of first place in Europe for reducing budget expenditures on health services. In particular, expenditures on medications were reduced from 5.6 billion euros (2010) to 3.8 billion euros in 2011 and to 2.88 billion euros in 2012. As a direct result of this, over 50 world pharmaceutical companies have discontinued shipments of medications to Greece. It has become common for relatives of hospital patients to have to run exhausting marathons from pharmacy to pharmacy in search of needed medications. There is an acute shortage of medical equipment. State hospitals are short around 6,500 doctors and 20,000 nurses and orderlies; massive numbers of medical professionals are leaving the country.
    Even those who are employed have difficulty paying for medical services, whose prices have abruptly shot up. More and more often people don’t have the money to obtain quality medical assistance, especially in rural regions and on the islands. In a UN expert report published in May 2013, it was noted that over 10% of the total population of the country live in conditions of extreme poverty. Greece remains the only country in the Eurozone with no complex social assistance scheme, healthcare services are almost inaccessible to poor and low-income citizens, and almost a third of the population does not have state medical insurance. ”
    http://theglobalrealm.com/2013/08/30/greece-a-social-explosion-is-inevitable/
    http://www.keeptalkinggreece.com/2013/07/30/athens-sos-urgent-appeal-for-cancer-patient-without-insurance
    http://www.keeptalkinggreece.com/2013/07/31/austrian-ngo-supplies-greek-hospital-with-drugs-paramedic-material-for-uninsured-patients/ http://larouchepac.com/node/28429
    http://www.keeptalkinggreece.com/2013/10/24/greek-police-raids-volunteers-health-clinic-providing-uninsured-citizens-with-medical-assistance/

    B) GREECE IS ONE OF THE FEW STATES OF THE WORLD THAT KEEPS THE PRISON FOR STATE DEBTORS AND THE UNIQUE IN EUROPE.
    ” Debts and Prison Penalties

    A debtor owing
    5,000 euro may go to prison to 12 months
    10,000+ euro – at least 6 months
    50,000+ euro – at least one year
    150,000+ euro – at least three years ”
    ( Greece: LAGER as prison for state debtors )
    http://leconomistamascherato.blogspot.com/2013/04/greece-lager-as-prison-for-state-debtors.html

    C) DEUTSCHE BANK BLACKMAILS AND CUTS THE ELECTRICITY IF GREEKS DO NOT PAY EXORBITANT TAXES ON THE PROPERTY.
    http://www.guardian.co.uk/business/2011/sep/27/greece-property-tax-vote-venizelos http://www.keeptalkinggreece.com/2012/11/15/every-months-greek-ppc-cuts-electricity-to-30000-customers/
    http://www.keeptalkinggreece.com/2012/11/28/greek-christmas-five-extra-taxes-to-be-paid-in-december/
    http://histologion.blogspot.gr/2013/02/the-greek-debacle-2013-of-paupers-and.html
    http://www.keeptalkinggreece.com/2013/10/04/how-the-greek-tax-office-will-seize-your-home-if-you-have-debts/
    http://www.keeptalkinggreece.com/2013/10/17/the-long-arm-of-greek-tax-office-confiscates-unemployment-allowance-as-well/
    ACCORDING TO THE ARTICLE 46, SUBPARAGRAPH B OF THE LAW 4172 OF 2013, THE ROTHSCHILD BANK OF GREECE IS EXEMPTED FROM THE PAYMENT OF ANY FEE.

    D) GREECE IN CRISIS-DRAMATIC INCREASE OF SUICIDES: 3,124 PEOPLE IN 2009-2012
    http://www.keeptalkinggreece.com/2012/11/22/greece-in-crisis-dramatic-increase-of-suicides-3124-people-in-2009-2012/
    http://www.keeptalkinggreece.com/2013/04/15/athens-a-jobless-an-unpaid-worker-two-men-commit-suicide-on-a-single-day/

    E) ATHENS: DEAF-MUTE WOMAN THREATENING TO COMMIT SUICIDE RESCUED
    ” The president of Deaf Federation told reporters that the woman is not the only one in desperate situation because her social welfare allowances have been cut.
    “All deaf people in this country are in the same situation because they have not received their welfare allowances for the last 6-8 months.”
    Greece saw a sharp increase of suicides due to economic problems after the country sought the aid of the International Monetary Fund.
    According to Greek Police from May 2010 until now, 837 suicides have taken place….. ”
    http://www.keeptalkinggreece.com/2012/12/18/athens-deaf-mute-woman-threatening-to-commit-suicide-rescued/

    F) VILE AND FASCIST barons, HIDDEN IN THE DARKNESS, GAVE THE ORDER TO THE GREEK GOVERNMENT TO CLOSE THE HELLENIC BROADCASTING CORPORATION.
    ” Development Minister: We shutdown ERT to please the Troika ” http://beforeitsnews.com/international/2013/07/greek-development-minister-we-shutdown-ert-to-please-the-troika-2461794.html
    https://en.wikipedia.org/wiki/Hellenic_Broadcasting_Corporation
    ” The term troika has been widely used in Greece (Greek: τρόικα),[1] Ireland,[2] Portugal [3] and Spain [4] to refer to the presence of the European Union, European Central Bank, and International Monetary Fund in these countries since 2010 and the financial measures that these governments have taken. ” https://en.wikipedia.org/wiki/Troika_%28triumvirate%29
    ” Greek police arrests personnel of shutdown ERT ” http://www.keeptalkinggreece.com/2013/07/30/26652/
    http://www.truth-out.org/news/item/18335-the-shutdown-of-ert-and-greeces-media-landscape-a-modern-day-wild-wild-west

    “UPDATES Athens: riot police raid ERT broadcaster at 4 am
    More than 15 riot police squads raided the building of former public broadcaster ERT at 4 a.m. Thursday morning. The raid took place five months after the overnight shut down of ERT on June 11th 2013. ERT personnel was sacked. Journalists and technicians had been occupying ERT since then and broadcasting live program on 24/7 basis.Riot police squads enter the building form a side entrance and fired tear gas in the yard to disperse a crowd of occupiers’ supporters. ” http://www.keeptalkinggreece.com/2013/11/07/athens-riot-police-raid-ert-broadaster-at-4-am-journos-detained/

    THE “GREEK” MINISTER OF THE PUBLIC ORDER nikos dendias, THAT GAVE THE ORDER TO THE POLICE FOR THE RAID TO THE ERT, IS A MAN OF THE ISLAND OF CORFU WHERE LORD JACOB ROTHSCHILD HAS A VILLA . HE IS A FRIEND OF JACOB ROTHSCHILD AS YOU CAN SEE IN THESE PHOTOS. http://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=el&tl=en&u=http://ksipnistere.blogspot.com/2013/09/blog-post_171.html&usg=ALkJrhiJYL7K67HAc_I6XdQVtt1F-1TtDA
    http://www.dendias-lawfirm.com/site/Partners/nikos-dendias.html http://www.bcarquitectos.com/imagtra/pdf/greek_1995.pdf

    G) COALITION OF LUCIFERIAN BARONS THROUGH THEIR LONG ARM “TROIKA DEMANDS THE SUDDEN DEATH OF GREECE’S DEFENSE INDUSTRIES
    No, no, no. The Troika is a tough negotiator. The representatives of Greece’s lenders rejected the government proposal about the three defense industries LARKO, EAS and ELVO. IMF’s Thomsen and the other kids demanded that the three industries close immediately without compensation for the fired personnel and to be thoroughly restructured on a total new basis.Greek government had proposed a reconstruction model similar to “public broadcaster ERT” that was shut down overnight, the personnel received compensation and part of this personnel was/is hired again at the new broadcaster…………………
    The Troikans’ point of view about the present and the future of the country’s defense industries was clear and brief: it was submitted to the Greek Finance Ministry via an e-mail! ”
    http://www.keeptalkinggreece.com/2013/09/03/troika-demands-the-sudden-death-of-greeces-defense-industries/ http://www.enetenglish.gr/?i=news.en.economy&id=1448

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