Tavakoli's W.S's Fraud and Solutions for Systemic Peril

Started by CrackSmokeRepublican, September 29, 2009, 11:27:47 PM

Previous topic - Next topic
Print
Go Down Pages1
User actions

CrackSmokeRepublican

September 29, 2009, 11:27:47 PM
QuoteWhat we are experiencing is a collapsing Ponzi Scheme, as Janet Tavakoli describes so clearly and yet so well in Wall Street's Fraud and Solutions for Systemic Peril.

http://www.tavakolistructuredfinance.com/Fraud.pdf
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
Print
Go Up Pages1
User actions