-Caveat Lector- from: http://msnhomepages.talkcity.com/ReportersAlley/thecatbirdseat/GoldmanSachs.ht m ---- American International Group - From The Washington Weekly, Mar. 17, 1997: THE BARBADOS CONNECTION -- CORAL REINSURANCE The link between the Arkansas Development Finance Authority (ADFA) and AIG goes beyond $5 million. An AIG affiliate has managed over one billion dollars worth of ADFA's bonds, according to the Arkansas Democrat Gazette. An allegation that ADFA launders money for U.S. intelligence has repeatedly surfaced but without any direct documentary evidence to date . . . . Apart from ADFA, where does AIG get its money to fund, among other things, lobbying on behalf of the Chinese government? The answer is not clear, though some indications are available. (1) In 1995, AIG became the first company to be licensed to sell insurance in China. (2) AIG is a client of Kissinger & Associates. It was Henry Kissinger, the former Secretary of State, who advised against harsh sanctions after the Tienanmen Square massacre. . . . (3) AIG has also been the focus of SEC and BCCI investigator, Manhattan DA Robert Morgenthau's attention . . . to explore its ties to the BCCI. (4) And finally, AIG is headed by Maurice Greenberg, one-time chairman of the NY Federal Reserve Bank , and in 1995 a candidate to head the CIA. Greenberg is chairman of the US-China Business Council and lobbied hard (and successfully) for the Clinton administration to sever the link between China's human rights record and renewal of China's Most-Favored-Nation trade status.* * * Whatever AIG is, it appears to be tied into that big, bipartisan, ugly network of intelligence, money laundering, Arkansas, and Communist China. * * * On Feb 10, 2000, American International Group reported that its net income for 1999 increased 18.1% to $5.06 billion. AIG Chairman M.R. Greenberg reported, among other things, that during 1999: "... we opened our new life and general insurance branch office in Shenzhen, China, marking the fourth Chinese metropolitan area where AIG has established wholly-owned, full-service insurance operations." "During the fourth quarter, we also entered into an agreement to purchase a 70 percent equity interest in a subsidiary of LIPPO LIFE, Indonesia's leading life insurance company. The new joint venture, renamed AIG Lippo Life, is the largest life company in Indonesia, marketing life, pension and health products through a multi-channel distribution network. . . ." * * * [A Catbird Musing: Now, where have we heard that name LIPPO before? Oh, yeah, wasn't that the Indonesian/Chinese bunch connected with the 1996 Clinton-Gore campaign scandals? Hmmmm!] ------------------------------------------------------------------------ AXA Financial - One of the world's largest insurance/financial companies, based in France. >From Reuters News, 6/2/00: INSURERS MUST HONOR POLICIES PAID TO NAZIS by Joan Gralla The World Jewish Congress on Friday said European insurers still have to make good on prewar policies sold to Holocaust survivors-- even if the policies were cashed-in by Nazis. Elan Steinberg, executive director for the advocacy group, said this was one issue he would stress on June 21, when the International Commission on Holocaust-era Insurance Claims meets in London. The WJC is a member of the commission, which is auditing Europe's insurers to see if they cheated Holocaust families by failing to honor prewar policies. "It is grotesque to describe a policy paid to a murderer as a paid policy," Steinberg told Reuters. He explained that it was common practice for the Nazis to set up so-called blocked accounts-- accounts held in the name of the recipient that could only be tapped by the Nazis. "I have actually heard insurance representatives claim that since they paid those policies out they want blocked accounts considered paid claims," he said. . . . Germany's Allianz, France's AXA, Italy's General Assicurazioni, and Swiss insurers Wintherthur and Zurich Allied, which participate in the commission, had all agreed to use relatively undemanding standards of proof because of the special nature of Holocaust claims. In an internal document obtained by Reuters, the Washington, D.C.-based commission has accused the five insurers of wrongly rejecting some claims from Holocaust families by asking for documents that they cannot possibly supply. Few, if any, survivors walked out of concentration camps with insurance documents, bank books or other financial records. * * * So, just where did the billions of dollars in Holocaust victims' money go over the past half-century? Well, only the Third Reich and Robert Rubin may ever really know, but here are some possibilities: AXA Financial is the 8th largest institutional investor in Columbia/HCA; the 7th largest in Barclays Bank; the 4th largest in Bank of America; the 3rd largest in Citigroup; the 3rd largest in American International Group; the 3rd largest in Merrill Lynch; and last but not least, the . . . (. . . drum-roll . . .) #1 INVESTOR . . . in . . . LORAL SPACE . . . and . . . GOLDMAN SACHS ! ! ! ------------------------------------------------------------------------ Charles M. Harmon, Jr. - Sometime in 1996, Hawaii's wealthy charitable trust, Bishop Estate, loaned approximately $1 million to Charles Harmon, Jr., an investment banker and former general partner of Goldman, Sachs & Co. The 08/12/96 issue of Pacific Business News reported that Bishop Estate had "quietly purchased the majority interest of a Connecticut specialized advisory business that manages almost $1 billion in assets. . . . Royal Hawaiian Shopping Center, Inc., a for-profit subsidiary of Bishop Estate, is a co-investor in the purchase of Bigler Investment Management, a Farmington, Conn., firm that manages fund-of-fund accounts. . . . The purchasing entity, called The Crossroads Group, is expected to take on a much more aggressive money-management outlook. . . . other investors in The Crossroads Group are parties that have had 'long relationships' with Royal Hawaiian . . . Massachusetts equity analyst Steven P. Galante said his own research found Bishop Estate purchased about a 60 percent stake in The Crossroads Group. The management team and others own the remaining interest. . . . According to Galante . . . principals of The Crossroads Group are: Charles M. Harmon, Jr., an investment banker and former general partner at Goldman, Sachs & Co. in New York; Larry I. Landry, chief investment officer of John D. & Catherine T. MacArthur Foundation in Chicago; and Brad Heppner, a consultant at Bain & Co. in Dallas and former director of private investments at the MacArthur Foundation. All have prior experience with Bishop Estate. In 1993, the MacArthur Foundation, along with Duke University's endowment fund, backed the formation of a Boston merchant bank called Orion Capital Partners LP. . . . Harmon is familiar with Bishop Estate because the Hawaii trust owns 10 percent of Goldman Sachs. . . . ------------------------------------------------------------------------ Coral Reinsurance - From: The Strange Clinton - Rubin - Insurance Industry Connection. 6/13/97: . . . As American Deposit Corp. learned the hard way ... strong ties exist between Clinton, Secretary of Treasury Robert Rubin and the insurance industry. Insurance industry representatives secretly approached the IRS to issue damaging proposed regulations to the Retirement CD and the Treasury Department pressured the IRS to acquiesce. Some say that campaign fund contributions were at the source of this action. . . But was this the first time Clinton, Rubin and the insurance industry acted together for a dubious project? Apparently not. A strange and convoluted story begins in Arkansas in 1987. In that year American International Group, Inc., headed by Maurice Greenburg, founded an offshore reinsurance company in Barbados. For several years, AIG denied being affiliated with Coral Reinsurance, as it was named. . . . While Bill Clinton was governor of Arkansas, he founded the Arkansas Development Finance Authority, a government agency empowered to issue industrial bonds. The ADFA came to the attention of the Arkansas Committee, a group investigating rumors of drug trafficking out of the Mena, Arkansas airport. Observing the adage, "follow the money," they were lead to the ADFA. And the ADFA had some strange dealings. . . . The ADFA borrowed $5 million from the Chicago branch of Sanwa Bank. It then purchased slightly over $5 million in stock of Coral Reinsurance, the Barbados insurance company founded by AIG. Coral then deposited the $5 million, along with $55 million in other investors' stock purchase funds, in Sanwa Bank. The net result was the bank loaned the money and got it all back in days. . . . This strange deal was the scheme on Goldman Sachs, headed at the time by Robert Rubin. Goldman also provided guarantees to ADFA, such a put agreement should ADFA not be permitted to own the stock. (It is against the Arkansas Constitution for the government to own stock in corporations.) . . . Some reporters draw inferences from several facts: Barbados has lax banking regulations and tight corporate secrecy laws preventing outsiders from learning corporate ownership; and when ADFA was set up, the legislation prohibited the state auditors from examining the agency. * * * >From The Washington Weekly, Mar. 17, 1997: THE BARBADOS CONNECTION: CORAL REINSURANCE After Reps. Spencer Bachus (R-Ala) and Henry Bonilla (R-Texas) voted to extend Most-Favored-Nation trade status for China last year, they received an invitation from the China Government to tour major cities in Red China. And who paid for their trip? Not only the Chinese Government, but also American International Group, with money laundered through the National Committee on United States-China Relations and the Freeman Foundation, reported the newspaper Roll Call last week. . . . American International Group is headquartered in Barbados and operates Coral Reinsurance. Where have we heard that name before? Oh yes! In Arkansas. In 1986 the notorious Arkansas Development Finance Authority borrowed $5,000,000 from a Japanese bank's Chicago branch as part of a $60,000,000 deal to purchase stock in Coral Reinsurance. The deal was brokered by Goldman Sachs, whose head Robert Rubin is now Treasury Secretary. On the board of directors of AIG is one Lloyd Bentson, former Treasury Secretary. . . ------------------------------------------------------------------------ Loral Space Systems - From Year of the Rat, by Edward Timperlake and William C. Triplett II: In the early morning hours of February 15, 1996, a Chinese Long March 3B space launch rose a short distance off the launch pad and then fell over onto a local village with an incredible explosion. According to an Israeli engineer who witnessed the disaster, "thousands of corpses were loaded in dozens of trucks and buried in mass graves." A COSTIND spokeswoman denied the Israeli's charge. . . . But an American aerospace official we interviewed at the time confirmed the Israeli's account. . . . Loral Space Systems, the builder of the February 15 satellite, had a problem. So did the Chinese launchers, who had such a poor reputation for reliability that they were uninsurable. Without insurance, Loral and the other U.S. firms could not use Chinese rockets to launch their satellites. Something had to be done to make the Chinese rockets more reliable if the satellite makers were going to save a dollar or two on launch fees. . . On April 14, 1998, the New York Times ran a major story by investigative reporter, Jeff Gerth -- "Grand Jury Probes 2 Firms' Ties to China Missile Program" -- that linked Loral and its partner, Hughes Electronics, to China . . . . * * * NOW, IF THIS IS NOT ENOUGH TO RUFFLE YOUR FEATHERS -- ARE YOU AWARE OF THE FACT THAT FRANCE'S AXA FINANCIAL COMPANY IS THE NUMBER ONE INSTITUTIONAL INVESTOR IN LORAL SPACE AND COMMUNICATIONS? . . . AND THAT, AFTER MORE THAT A HALF-CENTURY, IT HAS FINALLY BEEN DISCLOSED THAT AXA FINANCIAL MAY HAVE OBTAINED MUCH OF ITS WEALTH AT THE EXPENSE OF NAZI HOLOCAUST VICTIMS! AND DID YOU KNOW THAT AXA FINANCIAL IS ALSO THE NUMBER ONE INVESTOR IN GOLDMAN SACHS? * * * For more >>> The Donkey Nests For more >>> Tenacious Tentacles For more >>> Could a Traitor Do Any Worse Than Clinton? For more >>> Dan Burton's Committee on Government Reform - Pled or Fled List For more >>> John Chung Tells of Chinese Donations For more >>> Tripping with Secretary Ron Brown For more >>> China Working Group ------------------------------------------------------------------------ ----- Aloha, He'Ping, Om, Shalom, Salaam. Em Hotep, Peace Be, All My Relations. Omnia Bona Bonis, Adieu, Adios, Aloha. Amen. Roads End <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. 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