Showing posts with label bailouts. Show all posts
Showing posts with label bailouts. Show all posts

Tuesday, October 7, 2014

Secret Insurance Agent Sh*tlords Get Bailout After Bailout


Let's reflect back to the September 22, 2000 story in the LA Times about the Secret Insurance Man:

They knew which factories to burn, which bridges to blow up, which cargo ships could be sunk in good conscience. They had pothole counts for roads used for invasion and head counts for city blocks marked for incineration.
They weren't just secret agents. They were secret insurance agents. These undercover underwriters gave their World War II spymasters access to a global industry that both bankrolled and, ultimately, helped bring down Adolf Hitler's Third Reich.
Newly declassified U.S. intelligence files tell the remarkable story of the ultra-secret Insurance Intelligence Unit, a component of the Office of Strategic Services, a forerunner of the CIA, and its elite counterintelligence branch X-2.
Though rarely numbering more than a half dozen agents, the unit gathered intelligence on the enemy's insurance industry, Nazi insurance titans and suspected collaborators in the insurance business. But, more significantly, the unit mined standard insurance records for blueprints of bomb plants, timetables of tide changes and thousands of other details about targets, from a brewery in Bangkok to a candy company in Bergedorf.  
"They used insurance information as a weapon of war," said Greg Bradsher, a historian and National Archives expert on the declassified records.  That insurance information was critical to Allied strategists, who were seeking to cripple the enemy's industrial base and batter morale by burning cities.   
The men behind the insurance unit were OSS head William "Wild Bill" Donovan and California-born insurance magnate Cornelius V. Starr.
Starr had started out selling insurance to Chinese in Shanghai in 1919 and, over the next 50 years, would build what is now American International Group, one of the biggest insurance companies in the world. He was forced to move his operation to New York in 1939, when Japan invaded China.  Finish the story here.
The Wall Street Journal provides some additional background on Maurice "Hank" Greenberg:
Maurice R. "Hank" Greenberg is a director and the chairman of the board and chief executive officer of C. V. Starr. He joined C. V. Starr as vice president in 1960 and was given the additional responsibilities of president of American Home Assurance Co. in 1962. He was elected director of C. V. Starr in 1965, president and chief executive in 1968 and chairman and chief executive in 2005. Mr. Greenberg retired as chairman and chief executive of American International Group Inc. in March 2005, after four decades of leadership that created the largest insurance conglomerate in history and generated unprecedented value for the shareholders. Mr. Greenberg is the former chairman of the New York Federal Reserve Bank, the largest Federal Reserve Bank in the U.S. Federal Reserve System, and is a former director of the New York Stock Exchange. Mr. Greenberg is honorary vice chairman of the Council on Foreign Relations.
Digging deeper into the depths of some fo the more nefarious news and we find the following:
Maurice "Hank" Greenberg, once floated as a possible CIA Director in 1995, is the CEO of AIG insurance manager of the third largest capital investment pool in the world. He joined the insurance firm, Continental Casualty Co., in 1952. Continental executive J. Milburn Smith recommended Greenberg to the C.V. Starr insurance/spy organization, which made Greenberg its vice president in 1960, its president and CEO in 1967, and its chairman, succeeding Starr, in 1969. Maurice Greenberg was deeply involved in chinese trade in the 80s, where Henry Kissinger was one of his representatives. In the China trade, Greenberg became very close to Shaul Eisenberg, the leader of the Asian section of the Israeli intelligence service Mossad, and agent for the sales of sophisticated military equipment to the Chinese military. From 1988 to 1995, Greenberg was a director of the New York Federal Reserve bank - this branch of the system is the main instrument through which Federal Reserve chiefs and the Bank of England traditionally execute their U.S. political-economic policy. Greenberg was deputy chairman of the New York Fed in 1992 and 1993, and New York Fed chairman in 1994 and 1995. In 1993, Maurice Greenberg's American International Group, became co-owner of the "private spy agency", Kroll Associates, as a result of rescuing Kroll from bankruptcy with a cash infusion. Kroll was notorious during the 1980s as the "CIA of Wall Street" due to the prevalence of former CIA, FBI, Scotland Yard, British secret service and British Special Air Service men Kroll employed for corporate espionage in takeover bids, as well as for destabilization of foreign nations. During 1996, while Greenberg was deputy chairman of the Council on Foreign Relations (See Cfr), he chaired the CFR task force on intelligence, which published "Making Intelligence Smarter: The future of U.S. Intelligence." This report mostly served to exhibit Greenberg's access to the intelligence community; but he parlayed it into a nomination by Senator Arlen Specter and others, for Greenberg to be Director of the CIA.Greenberg has used his connections to covert intelligence, supranational institutions, private bankers and speculators, and his huge global cash inflow, to shape a unique personal empire. Since 1997, Frank G. Wisner, Jr., has been a board member of Kroll , and is currently Greenberg's Deputy Chairman for External Affairs. Wisner's father was a founder of the U.S. Central Intelligence Agency, who killed himself over the scandal from his being duped by British-Soviet masterspy Kim Philby. Frank Wisner, Jr., is a director of the George Bush-linked energy giant Enron (a client for whom AIG negotiated payments from Peru over nationalization of Enron operations).In the early 1990s, Miami-based private investigator Lou Polumbo joined Kroll Associates. According to sources in the industry, Polumbo brought with him a personal history of involvement with the Medallin and other South American narcotics cartels; his business included helping relocate some of the capabilities of these cartels out of Colombia. The deal to bring Polumbo into Kroll was worked out by Avram Shalom, the former head of Israel's Shin Beth secret police. Shalom went to work for Kroll; he had been fired as Shin Beth boss due to a scandalous massacre of Palestinians in the Israel-occupied territories by his Shin Beth agents.
SEC whistleblower Richard Grove elaborated on his experience with Hank Greenberg in this radio interview with Jack Blood in 2011.  That interview is based on Project Constellation which can be found here.
AIG CEO Maurice “Hammerin’ Hank” Greenberg, who coincidentally was also the former chairman of the Council on Foreign Relations and the Federal Reserve Bank of New York, and his 2 sons: Jeff and Evan- who were coincidentally the CEOs of the major insurance entities Marsh & McLennan and ACE Insurance respectively- were creatively managing their fiscal assets- as well as the public representation of those assets.
When Spitzer’s investigation ramped up, Hank took a golden parachute of hundreds of millions (beyond the fraud) from AIG, and Jeff stepped down from his post at Marsh and McLennan… but other than that, nothing changed, it was just the right foot switching to the left, and the progress of the fraud continues, now with the support of Law Enforcement.
To offer a little contextual History, AIG was founded by OSS operative Cornelius V. Starr (2 R’s), the uncle of Clinton’s friend Kenneth Starr. AIG was created for and is currently a front which provides cover for intelligence community illicit operations. In 2001, AIG owned a Risk Management firm called Kroll Associates.
Kroll played a major role in the events of September 11th, and continues to this day to enable events like the 7-7 and 7-21 bombings in the London Tube system… they then go on TV and provide “expert” counterterrorism testimony to the goldfish at home tuned into FoxNews and the like.
While Kroll provided the necessary operational capability, in part, for what was perpetrated; AIG and Marsh were focused on participating in both short and long-term money schemes. Kroll’s Jerome Hauer (a long time personal friend of ex-FBI Counterterrorism & Osama bin Laden expert John O’Neill) hired O’Neill as head of security for the WTC.
Kroll had also managed the bunker in WTC 7 for Guiliani, and Kroll’s board of directors shared one peculiar member in common with AIG; that being Frank G. Wisner Jr., son of OSS co-Founder Frank Wisner. 
I won’t go into the history of the OSS, Reinhard Gehlen, or the Council on Foreign Relations / Dulles affiliation with its creation, but I can recommend an excellent book, wherein its relevance is comprehensively documented; the title you’re looking for is: The Old Boys: The American Elite and the Origins of the CIA by Burton Hersh (and printed in 1992).
So what we can infer is Hank Greenberg not only knew about 9/11 in advance, but that he and his sons, planned nefarious financial transactions, including insurance fraud to take advantage of the plane attacks.  Do your own research to learn more.  He should be indicted to find out what he knew and when.