Friday, March 29, 2013
Robo Signers cont.
America Lost: New robo signers for 2011- now
America Lost: New robo signers for 2011- now: Donna Acree Acree, Whitty, Knighten Ingrid Whitty jess Almanza More to come
New robo signers for 2011- now
jess Almanza
More to come
America Lost: Public law concerning Fraud
America Lost: Public law concerning Fraud: [111th Congress Public Law 21] [From the U.S. Government Printing Office] [[Page 123 STAT. 1616]] Public Law 111-21 111th Congress ...
Public law concerning Fraud
[111th Congress Public Law 21]
[From the U.S. Government Printing Office]
[[Page 123 STAT. 1616]]
Public Law 111-21
111th Congress
An Act
To improve enforcement of mortgage fraud, securities and commodities
fraud, financial institution fraud, and other frauds related to Federal
assistance and relief programs, for the recovery of funds lost to these
frauds, and for other purposes. <<NOTE: May 20, 2009 - [S. 386]>>
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, <<NOTE: Fraud
Enforcement and Recovery Act of 2009.>>
SECTION 1. <<NOTE: 18 USC 1 note.>> SHORT TITLE.
This Act may be cited as the ``Fraud Enforcement and Recovery Act of
2009'' or ``FERA''.
SEC. 2. AMENDMENTS TO IMPROVE MORTGAGE, SECURITIES, COMMODITIES,
AND FINANCIAL FRAUD RECOVERY AND ENFORCEMENT.
(a) Definition of Financial Institution Amended To Include Mortgage
Lending Business.--Section 20 of title 18, United States Code, is
amended--
(1) in paragraph (8), by striking ``or'' after the
semicolon;
(2) in paragraph (9), by striking the period and inserting
``; or''; and
(3) by inserting at the end the following:
``(10) a mortgage lending business (as defined in section 27
of this title) or any person or entity that makes in whole or in
part a federally related mortgage loan as defined in section 3
of the Real Estate Settlement Procedures Act of 1974.''.
(b) Mortgage Lending Business Defined.--
(1) In general.--Chapter 1 of title 18, United States Code,
is amended by inserting after section 26 the following:
``Sec. 27. Mortgage lending business defined
``In this title, the term `mortgage lending business' means an
organization which finances or refinances any debt secured by an
interest in real estate, including private mortgage companies and any
subsidiaries of such organizations, and whose activities affect
interstate or foreign commerce.''.
(2) Chapter analysis.--The chapter analysis for chapter 1 of
title 18, United States Code, is amended by adding at the end
the following:
``27. Mortgage lending business defined.''.
(c) False Statements in Mortgage Applications Amended To Include
False Statements by Mortgage Brokers and Agents of Mortgage Lending
Businesses.--Section 1014 of title 18, United States Code, is amended
by--
[[Page 123 STAT. 1617]]
(1) striking ``or'' after ``the International Banking Act of
1978),''; and
(2) inserting after ``section 25(a) of the Federal Reserve
Act'' the following: ``, or a mortgage lending business, or any
person or entity that makes in whole or in part a federally
related mortgage loan as defined in section 3 of the Real Estate
Settlement Procedures Act of 1974''.
(d) Major Fraud Against the Government Amended To Include Economic
Relief and Troubled Asset Relief Program Funds.--Section 1031(a) of
title 18, United States Code, is amended by--
(1) inserting after ``or promises, in'' the following: ``any
grant, contract, subcontract, subsidy, loan, guarantee,
insurance, or other form of Federal assistance, including
through the Troubled Asset Relief Program, an economic stimulus,
recovery or rescue plan provided by the Government, or the
Government's purchase of any troubled asset as defined in the
Emergency Economic Stabilization Act of 2008, or in'';
(2) striking ``the contract, subcontract'' and inserting
``such grant, contract, subcontract, subsidy, loan, guarantee,
insurance, or other form of Federal assistance''; and
(3) striking ``for such property or services''.
(e) Securities Fraud Amended To Include Fraud Involving Options and
Futures in Commodities.--
(1) In general.--Section 1348 of title 18, United States
Code, is amended--
(A) in the caption, by inserting ``and commodities''
after ``Securities'';
(B) in paragraph (1), by inserting ``any commodity
for future delivery, or any option on a commodity for
future delivery, or'' after ``any person in connection
with''; and
(C) in paragraph (2), by inserting ``any commodity
for future delivery, or any option on a commodity for
future delivery, or'' after ``in connection with the
purchase or sale of''.
(2) Chapter analysis.--The item for section 1348 in the
chapter analysis for chapter 63 of title 18, United States Code,
is amended by inserting ``and commodities'' after
``Securities''.
(f) Money Laundering Amended To Define Proceeds of Specified
Unlawful Activity.--
(1) Money laundering.--Section 1956(c) of title 18, United
States Code, is amended--
(A) in paragraph (8), by striking the period and
inserting ``; and''; and
(B) by inserting at the end the following:
``(9) the term `proceeds' means any property derived from or
obtained or retained, directly or indirectly, through some form
of unlawful activity, including the gross receipts of such
activity.''.
(2) Monetary transactions.--Section 1957(f) of title 18,
United States Code, is amended by striking paragraph (3) and
inserting the following:
``(3) the terms `specified unlawful activity' and `proceeds'
shall have the meaning given those terms in section 1956 of this
title.''.
(g) Sense of the Congress and Report Concerning Required Approval
for Merger Cases.--
[[Page 123 STAT. 1618]]
(1) Sense of congress.--It is the sense of the Congress that
no prosecution of an offense under section 1956 or 1957 of title
18, United States Code, should be undertaken in combination with
the prosecution of any other offense, without prior approval of
the Attorney General, the Deputy Attorney General, the Assistant
Attorney General in charge of the Criminal Division, a Deputy
Assistant Attorney General in the Criminal Division, or the
relevant United States Attorney, if the conduct to be charged as
``specified unlawful activity'' in connection with the offense
under section 1956 or 1957 is so closely connected with the
conduct to be charged as the other offense that there is no
clear delineation between the two offenses.
(2) Report.--One year after the date of the enactment of
this Act, and at the end of each of the four succeeding one-year
periods, the Attorney General shall report to the House and
Senate Committees on the Judiciary on efforts undertaken by the
Department of Justice to ensure that the review and approval
described in paragraph (1) takes place in all appropriate cases.
The report shall include the following:
(A) The number of prosecutions described in
paragraph (1) that were undertaken during the previous
one-year period after prior approval by an official
described in paragraph (1), classified by type of
offense and by the approving official.
(B) The number of prosecutions described in
paragraph (1) that were undertaken during the previous
one-year period without such prior approval, classified
by type of offense, and the reasons why such prior
approval was not obtained.
(C) The number of times during the previous year in
which an approval described in paragraph (1) was denied.
SEC. 3. AUTHORIZATION OF ADDITIONAL FUNDING TO COMBAT MORTGAGE
FRAUD, SECURITIES AND COMMODITIES FRAUD, AND
OTHER FRAUDS INVOLVING FEDERAL ECONOMIC
ASSISTANCE.
(a) Authorization of Additional Appropriations for the Department of
Justice.--
(1) In general.--There is authorized to be appropriated to
the Attorney General, $165,000,000 for each of the fiscal years
2010 and 2011, for the purposes of investigations and
prosecutions and civil and administrative proceedings involving
Federal assistance programs and financial institutions,
including financial institutions to which this Act and
amendments made by this Act apply.
(2) Allocations.--With respect to fiscal years 2010 and
2011, the amounts authorized to be appropriated under paragraph
(1) shall be allocated as follows:
(A) Federal Bureau of Investigation: $75,000,000 for
fiscal year 2010 and $65,000,000 for fiscal year 2011,
an appropriate percentage of which amounts shall be used
to investigate mortgage fraud.
(B) The offices of the United States Attorneys:
$50,000,000 for each fiscal year.
[[Page 123 STAT. 1619]]
(C) The criminal division of the Department of
Justice: $20,000,000 for each fiscal year.
(D) The civil division of the Department of Justice:
$15,000,000 for each fiscal year.
(E) The tax division of the Department of Justice:
$5,000,000 for each fiscal year.
(b) Authorization of Additional Appropriations for the Postal
Inspection Service.--There is authorized to be appropriated to the
Postal Inspection Service of the United States Postal Service,
$30,000,000 for each of the fiscal years 2010 and 2011 for
investigations involving Federal assistance programs and financial
institutions, including financial institutions to which this Act and
amendments made by this Act apply.
(c) Authorization of Additional Appropriations for the Inspector
General for the Department of Housing and Urban Development.--There is
authorized to be appropriated to the Inspector General of the Department
of Housing and Urban Development, $30,000,000 for each of the fiscal
years 2010 and 2011 for investigations involving Federal assistance
programs and financial institutions, including financial institutions to
which this Act and amendments made by this Act apply.
(d) Authorization of Additional Appropriations for the United States
Secret Service.--There is authorized to be appropriated to the United
States Secret Service of the Department of Homeland Security,
$20,000,000 for each of the fiscal years 2010 and 2011 for
investigations involving Federal assistance programs and financial
institutions, including financial institutions to which this Act and
amendments made by this Act apply.
(e) Authorization of Additional Appropriations for the Securities
and Exchange Commission.--
(1) In general.--There is authorized to be appropriated to
the Securities and Exchange Commission, $20,000,000 for each of
the fiscal years 2010 and 2011 for investigations and
enforcement proceedings involving financial institutions,
including financial institutions to which this Act and
amendments made by this Act apply.
(2) Inspector general.--There is authorized to be
appropriated to the Securities and Exchange Commission,
$1,000,000 for each of the fiscal years 2010 and 2011 for the
salaries and expenses of the Office of the Inspector General of
the Securities and Exchange Commission.
(f) Use of Funds.--
(1) In general.--The funds appropriated pursuant to
authorization under this section shall be limited to covering
the costs of each listed agency or department for investigating
possible criminal, civil, or administrative violations and for
criminal, civil, or administrative proceedings involving
financial crimes and crimes against Federal assistance programs,
including mortgage fraud, securities and commodities fraud,
financial institution fraud, and other frauds related to Federal
assistance and relief programs.
(2) Funds for training and research.--Funds authorized to be
appropriated under this section may be used and expended for
programs for improving the detection, investigation, and
prosecution of economic crime including financial fraud and
mortgage fraud. Funds allocated under this section may be
allocated to programs which assist State and local criminal
[[Page 123 STAT. 1620]]
justice agencies to develop, establish, and maintain
intelligence-focused policing strategies and related information
sharing; provide training and investigative support services to
State and local criminal justice agencies to provide such
agencies with skills and resources needed to investigate and
prosecute such criminal activities and related criminal
activities; provide research support, establish partnerships,
and provide other resources to aid State and local criminal
justice agencies to prevent, investigate, and prosecute such
criminal activities and related problems; provide information
and research to the general public to facilitate the prevention
of such criminal activities; and any other programs specified by
the Attorney General as furthering the purposes of this Act.
(g) Additional Nature of Authorizations; Availability.--The amounts
authorized under this section are in addition to amounts otherwise
authorized in other Acts and shall remain available until expended.
(h) Report to Congress.--Following the final expenditure of all
funds appropriated pursuant to authorization under this section, the
Attorney General, in consultation with the United States Postal
Inspection Service, the Inspector General for the Department of Housing
and Urban Development, the Secretary of Homeland Security, and the
Commissioner of the Securities and Exchange Commission, shall submit a
report to Congress identifying--
(1) the amounts expended under each of subsections (a), (b),
(c), (d), and (e) and a certification of compliance with the
requirements listed in subsection (f); and
(2) the amounts recovered as a result of criminal or civil
restitution, fines, penalties, and other monetary recoveries
resulting from criminal, civil, or administrative proceedings
and settlements undertaken with funds authorized by this Act.
SEC. 4. CLARIFICATIONS TO THE FALSE CLAIMS ACT TO REFLECT THE
ORIGINAL INTENT OF THE LAW.
(a) Clarification of the False Claims Act.--Section 3729 of title
31, United States Code, is amended--
(1) by striking subsection (a) and inserting the following:
``(a) Liability for Certain Acts.--
``(1) In general.--Subject to paragraph (2), any person
who--
``(A) knowingly presents, or causes to be presented,
a false or fraudulent claim for payment or approval;
``(B) knowingly makes, uses, or causes to be made or
used, a false record or statement material to a false or
fraudulent claim;
``(C) conspires to commit a violation of
subparagraph (A), (B), (D), (E), (F), or (G);
``(D) has possession, custody, or control of
property or money used, or to be used, by the Government
and knowingly delivers, or causes to be delivered, less
than all of that money or property;
``(E) is authorized to make or deliver a document
certifying receipt of property used, or to be used, by
the Government and, intending to defraud the Government,
makes or delivers the receipt without completely knowing
that the information on the receipt is true;
[[Page 123 STAT. 1621]]
``(F) knowingly buys, or receives as a pledge of an
obligation or debt, public property from an officer or
employee of the Government, or a member of the Armed
Forces, who lawfully may not sell or pledge property; or
``(G) knowingly makes, uses, or causes to be made or
used, a false record or statement material to an
obligation to pay or transmit money or property to the
Government, or knowingly conceals or knowingly and
improperly avoids or decreases an obligation to pay or
transmit money or property to the Government,
is liable to the United States Government for a civil penalty of
not less than $5,000 and not more than $10,000, as adjusted by
the Federal Civil Penalties Inflation Adjustment Act of 1990 (28
U.S.C. 2461 note; Public Law 104-410), plus 3 times the amount
of damages which the Government sustains because of the act of
that person.
``(2) Reduced damages.--If the court finds that--
``(A) the person committing the violation of this
subsection furnished officials of the United States
responsible for investigating false claims violations
with all information known to such person about the
violation within 30 days after the date on which the
defendant first obtained the information;
``(B) such person fully cooperated with any
Government investigation of such violation; and
``(C) at the time such person furnished the United
States with the information about the violation, no
criminal prosecution, civil action, or administrative
action had commenced under this title with respect to
such violation, and the person did not have actual
knowledge of the existence of an investigation into such
violation,
the court may assess not less than 2 times the amount of damages
which the Government sustains because of the act of that person.
``(3) Costs of civil actions.--A person violating this
subsection shall also be liable to the United States Government
for the costs of a civil action brought to recover any such
penalty or damages.'';
(2) by striking subsections (b) and (c) and inserting the
following:
``(b) Definitions.--For purposes of this section--
``(1) the terms `knowing' and `knowingly'--
``(A) mean that a person, with respect to
information--
``(i) has actual knowledge of the information;
``(ii) acts in deliberate ignorance of the
truth or falsity of the information; or
``(iii) acts in reckless disregard of the
truth or falsity of the information; and
``(B) require no proof of specific intent to
defraud;
``(2) the term `claim'--
``(A) means any request or demand, whether under a
contract or otherwise, for money or property and whether
or not the United States has title to the money or
property, that--
``(i) is presented to an officer, employee, or
agent of the United States; or
[[Page 123 STAT. 1622]]
``(ii) is made to a contractor, grantee, or
other recipient, if the money or property is to be
spent or used on the Government's behalf or to
advance a Government program or interest, and if
the United States Government--
``(I) provides or has provided any
portion of the money or property
requested or demanded; or
``(II) will reimburse such
contractor, grantee, or other recipient
for any portion of the money or property
which is requested or demanded; and
``(B) does not include requests or demands for money
or property that the Government has paid to an
individual as compensation for Federal employment or as
an income subsidy with no restrictions on that
individual's use of the money or property;
``(3) the term `obligation' means an established duty,
whether or not fixed, arising from an express or implied
contractual, grantor-grantee, or licensor-licensee relationship,
from a fee-based or similar relationship, from statute or
regulation, or from the retention of any overpayment; and
``(4) the term `material' means having a natural tendency to
influence, or be capable of influencing, the payment or receipt
of money or property.'';
(3) by redesignating subsections (d) and (e) as subsections
(c) and (d), respectively; and
(4) in subsection (c), as redesignated, by striking
``subparagraphs (A) through (C) of subsection (a)'' and
inserting ``subsection (a)(2)''.
(b) Intervention by the Government.--Section 3731(b) of title 31,
United States Code, is amended--
(1) by redesignating subsection (c) as subsection (d);
(2) by redesignating subsection (d) as subsection (e); and
(3) by inserting the new subsection (c):
``(c) If the Government elects to intervene and proceed with an
action brought under 3730(b), the Government may file its own complaint
or amend the complaint of a person who has brought an action under
section 3730(b) to clarify or add detail to the claims in which the
Government is intervening and to add any additional claims with respect
to which the Government contends it is entitled to relief. For statute
of limitations purposes, any such Government pleading shall relate back
to the filing date of the complaint of the person who originally brought
the action, to the extent that the claim of the Government arises out of
the conduct, transactions, or occurrences set forth, or attempted to be
set forth, in the prior complaint of that person.''.
(c) Civil Investigative Demands.--Section 3733 of title 31, United
States Code, is amended--
(1) in subsection (a)--
(A) in paragraph (1)--
(i) in the matter preceding subparagraph (A)--
(I) by inserting ``, or a designee
(for purposes of this section),'' after
``Whenever the Attorney General''; and
(II) by striking ``the Attorney
General may, before commencing a civil
proceeding under section 3730 or other
false claims law,'' and inserting ``the
[[Page 123 STAT. 1623]]
Attorney General, or a designee, may,
before commencing a civil proceeding
under section 3730(a) or other false
claims law, or making an election under
section 3730(b),''; and
(ii) in the matter following subparagraph
(D)--
(I) by striking ``may not delegate''
and inserting ``may delegate''; and
(II) by adding at the end the
following: ``Any information obtained by
the Attorney General or a designee of
the Attorney General under this section
may be shared with any qui tam relator
if the Attorney General or designee
determine it is necessary as part of any
false claims act investigation.''; and
(B) in paragraph (2)(G), by striking the second
sentence;
(2) in subsection (i)(2)--
(A) in subparagraph (B), by striking ``, who is
authorized for such use under regulations which the
Attorney General shall issue''; and
(B) in subparagraph (C), by striking ``Disclosure of
information to any such other agency shall be allowed
only upon application, made by the Attorney General to a
United States district court, showing substantial need
for the use of the information by such agency in
furtherance of its statutory responsibilities.''; and
(3) in subsection (l)--
(A) in paragraph (6), by striking ``and'' after the
semicolon;
(B) in paragraph (7), by striking the period and
inserting ``; and''; and
(C) by adding at the end the following:
``(8) <<NOTE: Definition.>> the term `official use' means
any use that is consistent with the law, and the regulations and
policies of the Department of Justice, including use in
connection with internal Department of Justice memoranda and
reports; communications between the Department of Justice and a
Federal, State, or local government agency, or a contractor of a
Federal, State, or local government agency, undertaken in
furtherance of a Department of Justice investigation or
prosecution of a case; interviews of any qui tam relator or
other witness; oral examinations; depositions; preparation for
and response to civil discovery requests; introduction into the
record of a case or proceeding; applications, motions, memoranda
and briefs submitted to a court or other tribunal; and
communications with Government investigators, auditors,
consultants and experts, the counsel of other parties,
arbitrators and mediators, concerning an investigation, case or
proceeding.''.
(d) Relief From Retaliatory Actions.--Section 3730(h) of title 31,
United States Code, is amended to read as follows:
``(h) Relief From Retaliatory Actions.--
``(1) In general.--Any employee, contractor, or agent shall
be entitled to all relief necessary to make that employee,
contractor, or agent whole, if that employee, contractor, or
agent is discharged, demoted, suspended, threatened, harassed,
or in any other manner discriminated against in the terms and
conditions of employment because of lawful acts done by the
[[Page 123 STAT. 1624]]
employee, contractor, or agent on behalf of the employee,
contractor, or agent or associated others in furtherance of
other efforts to stop 1 or more violations of this subchapter.
``(2) Relief.--Relief under paragraph (1) shall include
reinstatement with the same seniority status that employee,
contractor, or agent would have had but for the discrimination,
2 times the amount of back pay, interest on the back pay, and
compensation for any special damages sustained as a result of
the discrimination, including litigation costs and reasonable
attorneys' fees. An action under this subsection may be brought
in the appropriate district court of the United States for the
relief provided in this subsection.''.
(e) False Claims Jurisdiction.--Section 3732 of title 31, United
States Code, is amended by adding at the end the following new
subsection:
``(c) Service <<NOTE: Applicability.>> on State or Local
Authorities.--With respect to any State or local government that is
named as a co-plaintiff with the United States in an action brought
under subsection (b), a seal on the action ordered by the court under
section 3730(b) shall not preclude the Government or the person bringing
the action from serving the complaint, any other pleadings, or the
written disclosure of substantially all material evidence and
information possessed by the person bringing the action on the law
enforcement authorities that are authorized under the law of that State
or local government to investigate and prosecute such actions on behalf
of such governments, except that such seal applies to the law
enforcement authorities so served to the same extent as the seal applies
to other parties in the action.''.
(f) Effective <<NOTE: 31 USC 3729 note.>> Date and Application.--The
amendments made by this section shall take effect on the date of
enactment of this Act and shall apply to conduct on or after the date of
enactment, except that--
(1) subparagraph (B) of section 3729(a)(1) of title 31,
United States Code, as added by subsection (a)(1), shall take
effect as if enacted on June 7, 2008, and apply to all claims
under the False Claims Act (31 U.S.C. 3729 et seq.) that are
pending on or after that date; and
(2) section 3731(b) of title 31, as amended by subsection
(b); section 3733, of title 31, as amended by subsection (c);
and section 3732 of title 31, as amended by subsection (e);
shall apply to cases pending on the date of enactment.
SEC. 5. FINANCIAL CRISIS INQUIRY COMMISSION.
(a) Establishment of Commission.--There is established in the
legislative branch the Financial Crisis Inquiry Commission (in this
section referred to as the ``Commission'') to examine the causes,
domestic and global, of the current financial and economic crisis in the
United States.
(b) Composition of the Commission.--
(1) Members.--The Commission shall be composed of 10
members, of whom--
(A) 3 members shall be appointed by the majority
leader of the Senate, in consultation with relevant
Committees;
(B) 3 members shall be appointed by the Speaker of
the House of Representatives, in consultation with
relevant Committees;
[[Page 123 STAT. 1625]]
(C) 2 members shall be appointed by the minority
leader of the Senate, in consultation with relevant
Committees; and
(D) 2 members shall be appointed by the minority
leader of the House of Representatives, in consultation
with relevant Committees.
(2) Qualifications; limitation.--
(A) In general.--It is the sense of the Congress
that individuals appointed to the Commission should be
prominent United States citizens with national
recognition and significant depth of experience in such
fields as banking, regulation of markets, taxation,
finance, economics, consumer protection, and housing.
(B) Limitation.--No person who is a member of
Congress or an officer or employee of the Federal
Government or any State or local government may serve as
a member of the Commission.
(3) Chairperson; vice chairperson.--
(A) In general.--Subject to the requirements of
subparagraph (B), the Chairperson of the Commission
shall be selected jointly by the Majority Leader of the
Senate and the Speaker of the House of Representatives,
and the Vice Chairperson shall be selected jointly by
the Minority Leader of the Senate and the Minority
Leader of the House of Representatives.
(B) Political party affiliation.--The Chairperson
and Vice Chairperson of the Commission may not be from
the same political party.
(4) Meetings, quorum; vacancies.--
(A) Meetings.--
(i) Initial meeting.--The initial meeting of
the Commission shall be as soon as possible after
a quorum of members have been appointed.
(ii) Subsequent meetings.--After the initial
meeting of the Commission, the Commission shall
meet upon the call of the Chairperson or a
majority of its members.
(B) Quorum.--6 members of the Commission shall
constitute a quorum.
(C) Vacancies.--Any vacancy on the Commission
shall--
(i) not affect the powers of the Commission;
and
(ii) be filled in the same manner in which the
original appointment was made.
(c) Functions of the Commission.--The functions of the Commission
are--
(1) to examine the causes of the current financial and
economic crisis in the United States, specifically the role of--
(A) fraud and abuse in the financial sector,
including fraud and abuse towards consumers in the
mortgage sector;
(B) Federal and State financial regulators,
including the extent to which they enforced, or failed
to enforce statutory, regulatory, or supervisory
requirements;
(C) the global imbalance of savings, international
capital flows, and fiscal imbalances of various
governments;
(D) monetary policy and the availability and terms
of credit;
[[Page 123 STAT. 1626]]
(E) accounting practices, including, mark-to-market
and fair value rules, and treatment of off-balance sheet
vehicles;
(F) tax treatment of financial products and
investments;
(G) capital requirements and regulations on leverage
and liquidity, including the capital structures of
regulated and non-regulated financial entities;
(H) credit rating agencies in the financial system,
including, reliance on credit ratings by financial
institutions and Federal financial regulators, the use
of credit ratings in financial regulation, and the use
of credit ratings in the securitization markets;
(I) lending practices and securitization, including
the originate-to-distribute model for extending credit
and transferring risk;
(J) affiliations between insured depository
institutions and securities, insurance, and other types
of nonbanking companies;
(K) the concept that certain institutions are ``too-
big-to-fail'' and its impact on market expectations;
(L) corporate governance, including the impact of
company conversions from partnerships to corporations;
(M) compensation structures;
(N) changes in compensation for employees of
financial companies, as compared to compensation for
others with similar skill sets in the labor market;
(O) the legal and regulatory structure of the United
States housing market;
(P) derivatives and unregulated financial products
and practices, including credit default swaps;
(Q) short-selling;
(R) financial institution reliance on numerical
models, including risk models and credit ratings;
(S) the legal and regulatory structure governing
financial institutions, including the extent to which
the structure creates the opportunity for financial
institutions to engage in regulatory arbitrage;
(T) the legal and regulatory structure governing
investor and mortgagor protection;
(U) financial institutions and government-sponsored
enterprises; and
(V) the quality of due diligence undertaken by
financial institutions;
(2) to examine the causes of the collapse of each major
financial institution that failed (including institutions that
were acquired to prevent their failure) or was likely to have
failed if not for the receipt of exceptional Government
assistance from the Secretary of the Treasury during the period
beginning in August 2007 through April 2009;
(3) to submit a report under subsection (h);
(4) to refer to the Attorney General of the United States
and any appropriate State attorney general any person that the
Commission finds may have violated the laws of the United States
in relation to such crisis; and
[[Page 123 STAT. 1627]]
(5) to build upon the work of other entities, and avoid
unnecessary duplication, by reviewing the record of the
Committee on Banking, Housing, and Urban Affairs of the Senate,
the Committee on Financial Services of the House of
Representatives, other congressional committees, the Government
Accountability Office, other legislative panels, and any other
department, agency, bureau, board, commission, office,
independent establishment, or instrumentality of the United
States (to the fullest extent permitted by law) with respect to
the current financial and economic crisis.
(d) Powers of the Commission.--
(1) Hearings and evidence.--The Commission may, for purposes
of carrying out this section--
(A) hold hearings, sit and act at times and places,
take testimony, receive evidence, and administer oaths;
and
(B) require, by subpoena or otherwise, the
attendance and testimony of witnesses and the production
of books, records, correspondence, memoranda, papers,
and documents.
(2) Subpoenas.--
(A) Service.--Subpoenas issued under paragraph
(1)(B) may be served by any person designated by the
Commission.
(B) Enforcement.--
(i) In general.--In the case of contumacy or
failure to obey a subpoena issued under paragraph
(1)(B), the United States district court for the
judicial district in which the subpoenaed person
resides, is served, or may be found, or where the
subpoena is returnable, may issue an order
requiring such person to appear at any designated
place to testify or to produce documentary or
other evidence. Any failure to obey the order of
the court may be punished by the court as a
contempt of that court.
(ii) Additional enforcement.--
Sections <<NOTE: Applicability.>> 102 through 104
of the Revised Statutes of the United States (2
U.S.C. 192 through 194) shall apply in the case of
any failure of any witness to comply with any
subpoena or to testify when summoned under the
authority of this section.
(iii) Issuance.--A subpoena may be issued
under this subsection only--
(I) by the agreement of the
Chairperson and the Vice Chairperson; or
(II) by the affirmative vote of a
majority of the Commission, including an
affirmative vote of at least one member
appointed under subparagraph (C) or (D)
of subsection (b)(1), a majority being
present.
(3) Contracting.--The Commission may enter into contracts to
enable the Commission to discharge its duties under this
section.
(4) Information from federal agencies and other entities.--
(A) In general.--The Commission may secure directly
from any department, agency, bureau, board, commission,
[[Page 123 STAT. 1628]]
office, independent establishment, or instrumentality of
the United States any information related to any inquiry
of the Commission conducted under this section,
including information of a confidential nature (which
the Commission shall maintain in a secure manner). Each
such department, agency, bureau, board, commission,
office, independent establishment, or instrumentality
shall furnish such information directly to the
Commission upon request.
(B) Other entities.--It is the sense of the Congress
that the Commission should seek testimony or information
from principals and other representatives of government
agencies and private entities that were significant
participants in the United States and global financial
and housing markets during the time period examined by
the Commission.
(5) Administrative support services.--Upon the request of
the Commission--
(A) the Administrator of General Services shall
provide to the Commission, on a reimbursable basis, the
administrative support services necessary for the
Commission to carry out its responsibilities under this
Act; and
(B) other Federal departments and agencies may
provide to the Commission any administrative support
services as may be determined by the head of such
department or agency to be advisable and authorized by
law.
(6) Donations of goods and services.--The Commission may
accept, use, and dispose of gifts or donations of services or
property.
(7) Postal services.--The Commission may use the United
States mails in the same manner and under the same conditions as
departments and agencies of the United States.
(8) Powers of subcommittees, members, and agents.--Any
subcommittee, member, or agent of the Commission may, if
authorized by the Commission, take any action which the
Commission is authorized to take by this section.
(e) Staff of the Commission.--
(1) Director.--The Commission shall have a Director who
shall be appointed by the Chairperson and the Vice Chairperson,
acting jointly.
(2) Staff.--The Chairperson and the Vice Chairperson may
jointly appoint additional personnel, as may be necessary, to
enable the Commission to carry out its functions.
(3) Applicability of certain civil service laws.--The
Director and staff of the Commission may be appointed without
regard to the provisions of title 5, United States Code,
governing appointments in the competitive service, and may be
paid without regard to the provisions of chapter 51 and
subchapter III of chapter 53 of such title relating to
classification and General Schedule pay rates, except that no
rate of pay fixed under this paragraph may exceed the equivalent
of that payable for a position at level V of the Executive
Schedule under section 5316 of title 5, United States Code. Any
individual appointed under paragraph (1) or (2) shall be treated
as an employee for purposes of chapters 63, 81, 83, 84, 85, 87,
89, 89A, 89B, and 90 of that title.
(4) Detailees.--Any Federal Government employee may be
detailed to the Commission without reimbursement from
[[Page 123 STAT. 1629]]
the Commission, and such detailee shall retain the rights,
status, and privileges of his or her regular employment without
interruption.
(5) Consultant services.--The Commission is authorized to
procure the services of experts and consultants in accordance
with section 3109 of title 5, United States Code, but at rates
not to exceed the daily rate paid a person occupying a position
at level IV of the Executive Schedule under section 5315 of
title 5, United States Code.
(f) Compensation and Travel Expenses.--
(1) Compensation.--Each member of the Commission may be
compensated at a rate not to exceed the daily equivalent of the
annual rate of basic pay in effect for a position at level IV of
the Executive Schedule under section 5315 of title 5, United
States Code, for each day during which that member is engaged in
the actual performance of the duties of the Commission.
(2) Travel expenses.--While away from their homes or regular
places of business in the performance of services for the
Commission, members of the Commission shall be allowed travel
expenses, including per diem in lieu of subsistence, in the same
manner as persons employed intermittently in the Government
service are allowed expenses under section 5703(b) of title 5,
United States Code.
(g) Nonapplicability of Federal Advisory Committee Act.--The Federal
Advisory Committee Act (5 U.S.C. App.) shall not apply to the
Commission.
(h) Report of the Commission; Appearance Before and Consultations
With Congress.--
(1) Report.--On December 15, 2010, the Commission shall
submit to the President and to the Congress a report containing
the findings and conclusions of the Commission on the causes of
the current financial and economic crisis in the United States.
(2) Institution-specific reports authorized.--At the
discretion of the chairperson of the Commission, the report
under paragraph (1) may include reports or specific findings on
any financial institution examined by the Commission under
subsection (c)(2).
(3) Appearance before the congress.--
The <<NOTE: Deadline.>> chairperson of the Commission shall, not
later than 120 days after the date of submission of the final
reports under paragraph (1), appear before the Committee on
Banking, Housing, and Urban Affairs of the Senate and the
Committee on Financial Services of the House of Representatives
regarding such reports and the findings of the Commission.
(4) Consultations with the congress.--The Commission shall
consult with the Committee on Banking, Housing, and Urban
Affairs of the Senate, the Committee on Financial Services of
the House of Representatives, and other relevant committees of
the Congress, for purposes of informing the Congress on the work
of the Commission.
(i) Termination of Commission.--
(1) In general.--The Commission, and all the authorities of
this section, shall terminate 60 days after the date on which
the final report is submitted under subsection (h).
(2) Administrative activities before termination.--The
Commission may use the 60-day period referred to in paragraph
[[Page 123 STAT. 1630]]
(1) for the purpose of concluding the activities of the
Commission, including providing testimony to committees of the
Congress concerning reports of the Commission and disseminating
the final report submitted under subsection (h).
(j) Authorization of Appropriation.--There is authorized to be
appropriated to the Secretary of the Treasury such sums as are necessary
to cover the costs of the Commission.
Approved May 20, 2009.
LEGISLATIVE HISTORY--S. 386:
---------------------------------------------------------------------------
SENATE REPORTS: No. 111-10 (Comm. on the Judiciary).
CONGRESSIONAL RECORD, Vol. 155 (2009):
Apr. 22, 23, 27, 28, considered and passed Senate.
May 6, considered and passed House, amended.
May 14, Senate concurred in House amendments with an
amendment.
May 19, House concurred in Senate amendment.
DAILY COMPILATION OF PRESIDENTIAL DOCUMENTS (2009):
May 20, Presidential remarks and statement.
<all>
America Lost: If you need help
America Lost: If you need help: If you need help contact me here. Leave me a message and I will get back to you . In order to get professional help as well. Contact the...
If you need help
If you need help contact me here. Leave me a message and I will get back to you .
In order to get professional help as well.
Contact the OCC about your bank - they have to respond to them.
http://www.helpwithmybank.gov/complaints/index-file-a-bank-complaint.html
Make sure you have your paperwork - fax it to them with your number they give you after filing the complaint . The banks hate this and must respond.
Contact the CFPB - you can also upload your complaints as well with proof.
http://www.consumerfinance.gov/complaint/
Contact the FDIC - file a complaint - https://www2.fdic.gov/starsmail/index.asp
Was your loan securitized? Contact the SEC - file a complaint - show proof-
If you are sure of securities fraud file under the whistle blowers program
http://www.secwhistlebloweradvocate.com/request-case-eval
Contact the FBI- Fraud in federal banks is a crime. Don't let them go unpunished
http://www.fbi.gov/contact-us/
Contact the Mortgage Fraud Task force -
http://www.justice.gov/usao/pae/mortgagefraudtaskforce.html
http://www.justice.gov/usao/pae/mortgagefraudtaskforce/contacts.html
Find out if your loan was paid off you will need the IRS number of the bank which can be found on the SEC site - contact the IRS
Internal Revenue Service
Contact the bank - tell them you want a showing of your full mortgage file. Bring with you a lawyer, a hand writing expert , and if possible anything to show your proof of fraud. Also talk to local brokers , ask them to come with you.
Keep a record of dates, times, and conversations.
If your loan is in Freddie mac, Fannie May, or Mers, check it and make copies.
Mers -https://www.mers-servicerid.org/sis/index.jsp
Fannie Mae Loan Lookup
https://www.knowyouroptions.com/loanlookup ( Fannie and Freddie look up)
Can't find your lender write this letter to the servicer
Sample Written Complaint to Lender
Go to your land records , have copies made of all your records on file. Keep a watch - Go monthly and ask if anything new as been added. Ask if anyone has looked at your loan .( they have to log in and they will have a copy of this as well )
Don't waste time. Fight back.
More later ..
In order to get professional help as well.
Contact the OCC about your bank - they have to respond to them.
http://www.helpwithmybank.gov/complaints/index-file-a-bank-complaint.html
Make sure you have your paperwork - fax it to them with your number they give you after filing the complaint . The banks hate this and must respond.
Contact the CFPB - you can also upload your complaints as well with proof.
http://www.consumerfinance.gov/complaint/
Contact the FDIC - file a complaint - https://www2.fdic.gov/starsmail/index.asp
Was your loan securitized? Contact the SEC - file a complaint - show proof-
If you are sure of securities fraud file under the whistle blowers program
http://www.secwhistlebloweradvocate.com/request-case-eval
Contact the FBI- Fraud in federal banks is a crime. Don't let them go unpunished
http://www.fbi.gov/contact-us/
Contact the Mortgage Fraud Task force -
http://www.justice.gov/usao/pae/mortgagefraudtaskforce.html
http://www.justice.gov/usao/pae/mortgagefraudtaskforce/contacts.html
Find out if your loan was paid off you will need the IRS number of the bank which can be found on the SEC site - contact the IRS
Internal Revenue Service
- Scott Fitzpatrick
IRS-CID
600 Arch Street, Room 6224
Philadelphia, PA 19106
Tel-Cell: (215) 205-1959
Tel: (215) 861-1434
E-mail: scott.fitzpatrick@ci.irs.gov - James Morris
Internal Revenue Service
600 Arch Street
Room 6224
Philadelphia, PA 19106
215-861-1461
E-mail: james.morris@ci.irs.gov
Contact the bank - tell them you want a showing of your full mortgage file. Bring with you a lawyer, a hand writing expert , and if possible anything to show your proof of fraud. Also talk to local brokers , ask them to come with you.
Keep a record of dates, times, and conversations.
If your loan is in Freddie mac, Fannie May, or Mers, check it and make copies.
Mers -https://www.mers-servicerid.org/sis/index.jsp
Fannie Mae Loan Lookup
https://www.knowyouroptions.com/loanlookup ( Fannie and Freddie look up)
Can't find your lender write this letter to the servicer
Sample Written Complaint to Lender
The following is a sample qualified written request from you, the borrower, to a lender. Use this format to address complaints under the Real Estate Settlement Procedures Act (RESPA). Be sure to read more about RESPA, and your rights under this Act, elsewhere on the RESPA site.
Attention Customer Service:
Subject: [Your loan number]
[Names on loan documents]
[Property and/or mailing address]
This is a "qualified written request" under Section 6 of the Real Estate Settlement Procedures Act (RESPA).
I am writing because:
Describe the issue or the question you have and/or what action you believe the lender should take.
Attach copies of any related written materials.
Describe any conversations with customer service regarding the issue and to whom you spoke.
Describe any previous steps you have taken or attempts to resolve the issue.
List a day time telephone number in case a customer service representative wishes to contact you.
I understand that under Section 6 of RESPA you are required to acknowledge my request within 20 business days and must try to resolve the issue within 60 business days.
Sincerely,
[Your name]
REMEMBER: This letter SHOULD NOT be included with your mortgage payment, but should be sent separately to the customer service address.
You SHOULD continue to make the required mortgage and escrow payment until the request is resolved.
You may bring a private right of action under Section 6, if you suffer damages due to the lender's servicing of the loan. See the RESPA statute and regulations.
http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/ramh/res/respareg
Go to your land records , have copies made of all your records on file. Keep a watch - Go monthly and ask if anything new as been added. Ask if anyone has looked at your loan .( they have to log in and they will have a copy of this as well )
Don't waste time. Fight back.
More later ..
Thursday, March 28, 2013
Now where getting somewhere
CFPB Goes Live With Expanded Complaint Database, New Legal Worries for Lenders?
By Thomas Resslertressler@imfpubs.com
The Consumer Financial Protection Bureau has gone “live” with a significantly expanded consumer complaint database. The agency characterizes it as "the nation’s largest public database of federal consumer financial complaints, opening up to consumers across the country information on more than 90,000 individual complaints on financial products and services."
CFPB Director Richard Cordray said, “By sharing these complaints with the public, we are creating greater transparency in consumer financial products and services. The database is good for consumers and it is also good for honest businesses. We believe the marketplace of ideas can do great things with this data.”
The launch expands the bureau's consumer complaint database in a big way: from about 19,000 credit card complaints to more than 90,000 complaints on mortgages, student loans, bank accounts and services, other consumer loans and credit cards. In many cases, it includes a sub-category of products. For example, for mortgages it includes reverse mortgages, conventional fixed mortgages, conventional adjustable mortgages and home equity loans or lines of credit.
The public can use the database to see what consumers complained about and why, as well as how and when the company in question responded. It has more than one million data points, covering approximately 450 companies. It includes the type of complaint, the date of submission, the consumer’s ZIP code, and the company that the complaint concerns.
The database also includes information about the actions taken on a complaint by those companies – whether the company’s response was timely, how the company responded, and whether the consumer disputed the company’s response. A consumer’s identity and other personal information is not included in the data.
CFPB it begins today click this link now <<<<<<<<<<<
Searchable complaints on mortgages, bank accounts and services, student loans, and credit cards
We’re releasing the nation’s largest public database of federal consumer financial complaints with information on more than 90,000 individual complaints on financial products and services.Monday, March 25, 2013
America Lost: Just when you think its over they pull a new stunt...
America Lost: Just when you think its over they pull a new stunt...: 1/2 Day E-Signature Crash Course The fastest way to get up to speed on this strategic technology The E-Signature Forum for Banking Execut...
Just when you think its over they pull a new stunt
1/2 Day E-Signature Crash Course
The fastest way to get up to speed on this strategic technology
The E-Signature Forum for Banking Executives will
offer financial services leaders an informative half-day seminar devoted
to enterprise electronic signatures. Implementation best practices, a
legal and regulatory update, and hands-on demonstrations of typical
banking use cases will be featured. The event will end with a special
innovation keynote from IBM’s Global Banking Lead, Paul Davis, who will
discuss how pressing issues like regulatory changes, the economy,
technology and globalization can be harnessed for information-led
transformation. The fastest way to get up to speed on this strategic technology
Agenda sessions include:
- Enterprise E-Signature Best Practices for Banks
- Key Judicial and Regulatory Developments
- Enterprise E-Signature Using Case Demonstrations
- Smarter Banking Through Information-Led Transformation
Sunday, March 24, 2013
America Lost: Suddenly, Cyprus doesn’t look quite so pathetic.
America Lost: Suddenly, Cyprus doesn’t look quite so pathetic.: Much was made of the tiny European Union member Cyprus last week as regulators attempt to get their pound of flesh from the savings account...
Its time we invest in ourselves again and that means Credit Unions and Savings and Loans. Stop feeding the to big to fail banks and start feeding our own communities instead.
Its time we invest in ourselves again and that means Credit Unions and Savings and Loans. Stop feeding the to big to fail banks and start feeding our own communities instead.
Suddenly, Cyprus doesn’t look quite so pathetic.
Much was made of the tiny European Union member Cyprus last week as
regulators attempt to get their pound of flesh from the savings accounts
of its banks, with a 10 percent tax on larger accounts.
And yet, the European Central Bank taxing citizens to pay up front for a $7.4 billion bailout of the banks still pales in comparison with the fleecing of the US depositor.
The Fed has orchestrated a massive transfer of wealth in America from the middle class and the poor to the wealthy. You could call it “Operation Reverse Robin Hood.”
Naysavers will object, “That’s outrageous!” I say, “Do the math.”
Here it is (in dollars to simplify): If a Cypriot put $1,000 in an
island bank four years ago and left it there, today the saver would have
a balance of $1,250. Take 10 percent off, and the saver is still up
$125.
If a US middle-class family put $1,000 in JPMorgan or Citibank four years ago, the balance today would be $1,010 — less bank fees, which means it’s probably closer to a $950 balance. That’s $9.3 trillion in US deposits getting nothing in return except the warm, fuzzy feeling of bolstering the banks’ balance sheets.
This does not excuse the ECB action, but it puts into context what Ben Bernanke’s Zero Interest Rate Policy (ZIRP) has done for Americans. The Fed chief or the Obama administration would never be as blunt as their EU counterparts and call it a tax, but if Uncle Sam — through his policies — is reaching into the pockets of Americans . . . it’s a tax.
And what is this ZIRP tax for? A bank bailout just like Cyprus’.
The Federal Reserve has been engaged in its $3 trillion covert op, whether it admits it or not. The Fed has been robbing America’s poor and middle class and essentially underwriting the wealthy, the big banks and big business. The twisted maneuvers of grand larceny-like proportions have underwritten the greatest transfer of wealth this generation has ever seen.
Millions of responsible Americans — the type who try to put a little away from each paycheck — can’t earn a decent yield from their savings accounts.
Take Jamie Dimon’s whale of a bank, JPMorgan Chase, where accounts below $100,000 yield between .05 percent and .25 percent. Or Citibank, where accounts yield the same demoralizing rate. This is a direct byproduct of the Fed’s policy of ZIRP.
Another fundamental flaw in the Fed’s policy: It doesn’t address the lack of credit for regular, responsible, everyday Americans. The fact is, average Americans can’t earn a buck on their balance in the bank, and they can’t borrow a buck from the bank at these super-low rates.
The Fed has been putting out a kind and gentle message, claiming successes for things they have no deed to, except for making the Dow dance (which to most in the media seems to be the measuring stick by which the Fed is judged). Today, US banks are making billions — many are posting record earnings. Meanwhile, real average earnings for all US employees fell 0.6 percent from January to February, seasonally adjusted, the Bureau of Labor Statistics reported. This stems from a 0.2 percent increase in average hourly earnings being more than offset by a 0.7 percent increase in the consumer price index for urban consumers.
So the average American makes almost nothing in the bank, has no access to mortgage or small-business credit and is actually falling behind in real earnings.
Suddenly, Cyprus doesn’t look quite so pathetic.
And yet, the European Central Bank taxing citizens to pay up front for a $7.4 billion bailout of the banks still pales in comparison with the fleecing of the US depositor.
The Fed has orchestrated a massive transfer of wealth in America from the middle class and the poor to the wealthy. You could call it “Operation Reverse Robin Hood.”
Naysavers will object, “That’s outrageous!” I say, “Do the math.”
If a US middle-class family put $1,000 in JPMorgan or Citibank four years ago, the balance today would be $1,010 — less bank fees, which means it’s probably closer to a $950 balance. That’s $9.3 trillion in US deposits getting nothing in return except the warm, fuzzy feeling of bolstering the banks’ balance sheets.
This does not excuse the ECB action, but it puts into context what Ben Bernanke’s Zero Interest Rate Policy (ZIRP) has done for Americans. The Fed chief or the Obama administration would never be as blunt as their EU counterparts and call it a tax, but if Uncle Sam — through his policies — is reaching into the pockets of Americans . . . it’s a tax.
And what is this ZIRP tax for? A bank bailout just like Cyprus’.
The Federal Reserve has been engaged in its $3 trillion covert op, whether it admits it or not. The Fed has been robbing America’s poor and middle class and essentially underwriting the wealthy, the big banks and big business. The twisted maneuvers of grand larceny-like proportions have underwritten the greatest transfer of wealth this generation has ever seen.
Millions of responsible Americans — the type who try to put a little away from each paycheck — can’t earn a decent yield from their savings accounts.
Take Jamie Dimon’s whale of a bank, JPMorgan Chase, where accounts below $100,000 yield between .05 percent and .25 percent. Or Citibank, where accounts yield the same demoralizing rate. This is a direct byproduct of the Fed’s policy of ZIRP.
Another fundamental flaw in the Fed’s policy: It doesn’t address the lack of credit for regular, responsible, everyday Americans. The fact is, average Americans can’t earn a buck on their balance in the bank, and they can’t borrow a buck from the bank at these super-low rates.
The Fed has been putting out a kind and gentle message, claiming successes for things they have no deed to, except for making the Dow dance (which to most in the media seems to be the measuring stick by which the Fed is judged). Today, US banks are making billions — many are posting record earnings. Meanwhile, real average earnings for all US employees fell 0.6 percent from January to February, seasonally adjusted, the Bureau of Labor Statistics reported. This stems from a 0.2 percent increase in average hourly earnings being more than offset by a 0.7 percent increase in the consumer price index for urban consumers.
So the average American makes almost nothing in the bank, has no access to mortgage or small-business credit and is actually falling behind in real earnings.
Suddenly, Cyprus doesn’t look quite so pathetic.
America Lost: Dynasty of Death great documentary shows how we go...
America Lost: Dynasty of Death great documentary shows how we go...: Dynasty of Death" (Part 1) http://www.thepeoplesvoice.org/cgi-bin/blogs/voices.php/2006/10/05/dynasty_of_death_part_1 'Dynasty...
Dynasty of Death great documentary shows how we got here
Dynasty of Death" (Part 1) http://www.thepeoplesvoice.org/cgi-bin/blogs/voices.php/2006/10/05/dynasty_of_death_part_1
There is no historic parallel that can be drawn, nothing compares with the accomplishments of the Bush family. No dictator or tyrant can equal the suffering and destruction they have wrought on humanity, as they are not mere tyrants themselves, but the makers and breakers of tyrants, the organizers and profiteers of war and death. They are not alone and solely responsible for creating the present day military industrial complex, however since 1915 the Bush family has been directly involved in World War One and Two, the Korean War, the Vietnam War, numerous CIA secret wars, the Gulf War, and now a “Never Ending War”. The past four generations of this one family have had a hand in promoting and profiting from most of the major wars that America has waged since the beginning of the industrialized age.
The nightmare for the world began in 1915, with the establishment of an unholy partnership between the U.S. Government and the ‘War Industries Board', for-runner of America's present day 'military-industrial complex'. Some of those seated on the board of directors were Samuel P. Bush, great grandfather of George W. Bush, and so-called chief of Ordnance for the Small Arms and Ammunition Section, Wall Street banker Clarence Dillon, Samuel Pryor, executive committee chairman of Remington Arms, and Bernard Baruch, who, as head of the War Industries Board profited in excess of $200,000,000.
The members of the Board aptly came to be known as the "Merchants of Death." Using the facade of government to legitimize their operations, the War Industries Board represented the big munitions makers of the day who dispatched agents around the globe to sell the weapons and materials of war to both sides of any conflict. They bribed government officials and used their corporate influence and capitol to increase international tensions, which in turn generated demand and maximized profit.
It was during the First World War that Samuel P. Bush and the other board members amassed fortunes selling the weapons and materials of war not only to America but also to Germany. Most of the records and correspondence pertaining to Samuel P. Bush's activities on the War Industries Board were later burned mysteriously, "to save space" in the National Archives. When their business venture officially ended on November 11, 1918, some 37,508,686 human beings had been killed. It set a dangerous precedent for the destiny of America and the destiny of civilization itself. A small group of corporate manufactures, bankers, and industrialists had formulated a devilishly effective method by which profit is extracted from human suffering, war, and death, and their dark technique would be repeated and refined.
In 1922 while George Walker, was president at W. A. Harriman & Co, Averell Harriman went to Berlin to set up a branch bank for the company. While in Berlin Averell Harriman met with Fritz Thyssen, prime sponsor of the German politician Adolph Hitler. It was at that time that preliminary arrangements were made to establish a bank for Thyssen in New York. Two years later, in 1924, W. A. Harriman & Co. formally began the Union Banking Corporation in Manhattan, chiefly to handle German funds supplied through the Thyssen-owned Nazi front Bank voor Handel en Scheepvaart (BHS), in the Netherlands, for the mass purchase of American commodities. The W. A. Harriman & Co executives labeled these dealing as the "Hitler Project".
On May 1st 1926 Prescott Bush, grandfather of George W. Bush, close friend of Bunny Harriman and fellow Bonesmen from their Yale class of 1917 joined W. A. Harriman & Co. as its vice president under the bank's president and his father-in-law George Walker. In that same year an associate of Prescott Bush's father, Samuel P. Bush, and “Merchants of Death” board member Clarence Dillon, acquired $70 million dollars from Fritz Thyssen to set up a massive organization named the Vereinigte Stahlwerke (United Steel Works Corporation, or the German Steel Trust). This would become Germany's largest industrial corporation.
Although Thyssen's accounts were run through the Walker-Bush organization and the German Steel Trust did its corporate banking separately through Dillon Read Company, U.S. government investigations revealed that Bush's Nazi-front bank had actually worked directly with Fritz Thyssen’s United Steel Works Corporation which had produced; 50.8% of Nazi Germany's pig iron, 41.4% of Nazi Germany's universal plate, 36.0% of Nazi Germany's heavy plate, 38.5% of Nazi Germany's galvanized sheet metal, 45.5% of Nazi Germany's pipes and tubes, 22.1% of Nazi Germany's wire, and 35.0% of Nazi Germany's explosives.
On Oct. 20, 1942, the U.S. government ordered the seizure of all banking operations being carried out by Prescott Bush for the Nazis, under the Trading with the Enemy Act, however by that time he and the other associates at W.A. Harriman & Co. had already made their fortunes financing and arming Adolph Hitler. Under the Trading with the Enemy Act, the government was able to take over Union Banking Corporation, and The U.S. Alien Property Custodian, seized the Union Banking Corporation stock owned by Prescott Bush, E. Roland Harriman, and his associates until the war ended. Prescott Bush eventually sold his holding in Union Banking Corporation for $1,500,000.
Although the “Hitler Project” had resulted in a second world war and 62,537,400 human beings had been killed, Harriman and Bush and the other Bonesmen in Union Banking Corporation were never prosecuted for helping Adolph Hitler, and their identities were never publicized by the media. During his vice presidency with Union Banking, Prescott Bush had shrewdly hired lawyers, Allen and John Foster Dulles, international attorneys for many Nazi enterprises, to represent him and Fritz Thyssen. Sons of wealthy influential families, the Dulles brothers had also worked with the War Industries Board beginning their lucrative careers along side Samuel P. Bush and the other, ‘Merchants of Death’.
In 1950, President Truman charged International attorney John Foster Dulles with the task of concluding a peace treaty with Japan. Before the treaty was signed on September 8, 1951, Dulles used his position to lay the seeds for yet another profitable war by advising South Korean president Rhee that, “if he was ready to attack the communist North, the U.S. would lend help.” South Korea immediately launched a series vicious cross boarder attacks to provoke the North into war. For the benefit of North Korea, ''U.S. Secretary of State Dean Acheson (close friend of Harriman) publicly stated that South Korea would not be defended if attacked. This was seen by North Korea as an America approval for whatever actions they decided to take to defend themselves. On June 25, 1950, eight divisions and one armored brigade, (90,000 soldiers) of the North Korean People's Army attacked in three columns across the 38th parallel invading the Republic of Korea. Not surprisingly, Acheson had lied and on June 27, President Truman ordered U.S. forces into Korea.
Harriman couldn't resist the lure and the profit of the death game. In September of 1951, using his considerable political influence, Harriman had himself appointed to serve as President Truman's Mutual Security Agency director, which also made him the U.S. chief of the Anglo-American military alliance and an adviser, to “oversee national security affairs”. His business partner, Robert Lovett, became Assistant Secretary of Defense. It seemed as though things were developing into yet another profitable war coupled with the spoils of victory. The American military had easily conquered Seoul and the North Korean capital Pyongyang.
On Oct. 26 the Chinese army under the command of Mao Tse Tung, put an abrupt end to the scheme. Entering the war with 300,000 men, China beat the U.S. back to the 39th parallel. By the time of the Armistice negotiations of 1953, North and South Korea, and China combined had suffered a total of 3,822,000 casualties mostly from U. S. aerial bombing, but America had lost 54,000 service men and women and was dealt a crushing defeat. General Omar Bradley described the entire debacle as "The wrong war, at the wrong place, at the wrong time and with the wrong enemy." But it was never the wrong war for the merchants of death and the Bonesmen, as war made big money.
Financing his campaign with Union Banking blood money Prescott Bush became elected as Republican Senator from Connecticut In1952. In 1953 President Dwight Eisenhower appointed John Foster Dulles as his secretary of state and Allen Dulles, became director of the CIA. It would be the beginning of a glorious era of war and profit. Alan Dulles immediately pursued a policy of aggression and strength toward the Soviet Union and China, officially initiating the ‘Cold War’, and the largest military industrial buildup in American history.
Prescott Bush knew there would never be a better time to bring his son, George Herbert Walker Bush, father of George W. bush, into the fold of a new and emerging military industrial power structure. After Young George had followed in his father’s footsteps through Yale and into the Skull and Bones society, Allen Dulles welcomed him into the CIA, and John Foster Dulles acted as his friend and mentor among the right wing power elite.
President Dwight D. Eisenhower was under no allusion about the ominous changes being brought about by men like Prescott Bush, Averell Harriman, the Dulles brothers and many others. During his Farewell Address to the Nation January 17, 1961, Eisenhower tried to warn the American people saying: "We have been compelled to create a permanent armaments industry of vast proportions…we must not fail to comprehend its grave implications. In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted”.
On January 20, 1961, John F. Kennedy officially took office as President of the United States. During his brilliant state of the union address Kennedy said, "The world is very different now. For man holds in his mortal hands the power to abolish all forms of human poverty and all forms of human life.” And Kennedy clarified his position by stating his, “unwillingness to witness or permit the slow undoing of those human rights to which this Nation has always been committed”.
Before Eisenhower left office he allowed the appropriation of $46,000,000 dollars to pay for a CIA scheme to invade Cuba at the Bay of Pigs. When Kennedy was told about the plan he voiced serious doubts, but he didn’t want to be seen as soft on communism and his advisers convinced him that Castro was an unpopular leader with the Cuban people. Dulles and others in the CIA theorized-fantasized that the Cuban citizens would hear of the attack and help the CIA trained Cuban exiles to overthrow Castro. Kennedy decided the plan's requirement of 16 U.S. Navy planes was too obvious and would reveal American military involvement. He cut the number down to six. As the date of the invasion neared, Kennedy had second thoughts and decided against the plan altogether. At a press conference on April 12, five days before the invasion President Kennedy was asked if the U.S. government was making preparations to stage an uprising in Cuba. The President answered; "First, I want to say that there will not be, under any conditions, an intervention in Cuba by the United States Armed Forces. This government will do everything it possibly can, I think it can meet its responsibilities, to make sure that there are no Americans involved in any actions inside Cuba… The basic issue in Cuba is not one between the United States and Cuba. It is between the Cubans themselves.”
Allen Dulles, ignored the warning contained within Kennedy’s announcement and on April 12, 1961 proceeded with attack preparations, giving the order to CIA official Fletcher Prouty to make the delivery of three ships to then CIA agent George Bush for use in the invasion. Bush christened the ships the Barbara, the Houston, and the Zapata - after his oil company that later flopped. Bush had spent 1960 and '61 recruiting right-wing Cuban exiles in Miami for the invasion. He was living in Texas with his wife Barbara and flying from Houston to Miami weekly. It was during this time that Bush met Felix Rodriguez, the CIA operative who had hunted down and murdered Che Guevara. Bush and Rodriguez spent nearly two years working closely with the right wing Cuban community building their hopes and trust, and training them as marksman for the invasion.
On April 14, 1961 a total of five merchant ships carrying a paramilitary force of 1,400 Cuban exiles arrived at the Bay of Pigs, Cuba. The landing and subsequent battle went badly from the start. Two of the ships were sunk including the ship carrying most of the equipment and supplies. Two of the planes that were attempting to provide air cover were shot down. The CIA requested that Kennedy immediately call in more planes and military reinforcements, but Kennedy would not allow America to be manipulated into a conflict with Cuba and a potential war with Russia. Within seventy-two hours the ‘Bay of Pigs’ invasion had ended in tragic defeat. Instead of fueling the conflict into a raging inferno, which threatened to engulf the world, Kennedy had allowed the flames of war to flicker and die. The CIA and others in the extremist ‘right’ were bitterly angry with Kennedy for his refusal to provide air cover. The CIA had lost 15 men; another 1100 of their faithful Cuban exiles were captured. All those whom young George H. Bush had inspired to arms with his words, all those who had believed in him, trusted him, and befriended him were gone - imprisoned or killed. From that day forward, there was a bitter hatred for the imagined betrayal by Kennedy.
When John F. Kennedy inherited the responsibility of the presidency he also inherited the wars that banking and the military industrial complex were heavily invested in promoting and profiting from. Presidents Truman and Eisenhower had subsidized the French war against Vietnam under the auspices of the Marshall Plan from 1948 to 1952, giving France five billion two hundred million dollars in military aid. By 1954, the U.S. was paying approximately 80% of all French war costs. In 1951 the Rockefeller Foundation had created a study group comprised of members from the Council on Foreign Relations and England's Royal Institute on International Affairs. The panel concluded that there should be a British-American takeover of Vietnam as soon as possible. Secretary of State John Foster Dulles one of the CFR founders and his brother, CIA Director Allen Dulles and many others immediately championed the council's goals.
Vietnam had fought against the French occupation since 1884. By 1947 Vietnam was considered a valuable colony to be exploited by both French and American interests. In the countryside, peasants struggled under heavy taxes and high rents. In corporate factories, coalmines, and rubber plantations the people labored under abysmal conditions barely able to survive. The Vietnamese people rose up against the poverty and enslavement imposed upon them and fought the powerful French Foreign Legion, which was funded by America, and in 1954 the Vietnamese people took back their country. With the ejection of the French, the Geneva Agreements were signed on July 21,1954, officially ending the hostilities in Indochina. The agreement prohibited foreign troops and arms from entering Vietnam, and stipulated that free Democratic elections were to be held in 1956, allowing the people of Vietnam to determine their country's future.
South Vietnam's corrupt Prime Minister Diem was completely opposed to the Geneva Agreements, and the elections. CIA research had proven that if free democratic elections were held, Diem would lose and Vietnam would become a unified country. France and America would loose their slave colony and the profitable Vietnam War venture would end. The Dulles brothers urged Eisenhower to intervene militarily, and invade Vietnam, but Eisenhower refused.
The potential for arms production profits from an Asian country divided by civil war were staggering, particularly if the war could be made to last twenty years or more. Allen Dulles acting independently from President Eisenhower, with the support of Clarence Dillon's son Douglas, Averell Harriman, Prescott Bush and many others sent 675 covert military operatives into Vietnam headed by Air Force officer Edward Lansdale. Their mission was to help Diem stop fair and democratic elections and to prevent the establishment of a united Vietnam. The National Security Council's planning board assured Diem that if hostilities resulted, United States' armed forces would help him oppose the North Vietnamese. With the backing of America, the dictatorial Diem claimed that his government had never signed the Geneva Agreements and was not bound by them, and he promptly cancelled the elections. In 1958 Civil War started, and within two years guerrilla war erupted throughout Southern Vietnam. Diem asked Washington for assistance which resulted in yet another profitable war for America's military industrialists.
Dean Rusk (Secretary of State) and Robert McNamara (Secretary of Defense) hounded Kennedy into sending 10,000 Special Forces troops to Vietnam between 1961 and 1962. Kennedy was privately and publicly against the Vietnam War created by the military industrial complex. He didn't buy into their manufactured propaganda about the worldwide communist menace. Kennedy said, "I can not justify sending American boys half-way around the world to fight communism when it exists just south of Florida in Cuba." Kennedy stressed that Diem needed to win the hearts and minds of his people in the struggle against communism. Kennedy said, "I don't think that unless a greater effort is made by the Government to win the popular support that the war can be won out there. In the final analysis, it is their war. They are the ones who have to win it or lose it". Kennedy knew that only with all of the South Vietnamese people fully behind him could Diem hope to defeat the North.
Diem ignored Kennedy's advice and behaved like a dictator and his heavy-handed tactics continuously eroded the support of his people. America's ten thousand soldiers and a constant rain of bombs proved to be inconsequential in the effort to suppress the Vietnamese population. Allen Dulles, Dean Rusk, and Robert McNamara kept the truth about the deteriorating Vietnam situation hidden from Kennedy. The military industrial power structure surrounding Kennedy would only say that the war was going exactly as planned, that the Vietnamese people were being liberated, and that they liked Prime Minister Diem. Kennedy had reasons to doubt their word, as he had caught Allen Dulles covertly attempting to train a second group of Cuban exiles for another Cuban invasion. Kennedy had sent FBI agents in to destroy Dulles's training camps and confiscate the weapons, letting the matter end there.
Kennedy no longer trusted the Dulles brothers, Rusk, McNamara or Dean Acheson, his so-called Democratic foreign policy advisor, or for that matter, most of the people in the corrupt government he had inherited. Kennedy decided that he needed to monitor the Vietnam War and the men conducting it more closely. He formed a panel, appointing Allen Dulles and others to keep him apprised on a constant basis as to the status of the war.
On March 13, 1962, the Northwoods document was brought to Kennedy's attention. The Joint Chiefs of Staff and Allen Dulles had drawn up a plan to launch a series of terrorist attacks within the United States, combined with a media blitz blaming Cuba for the attacks. They believed this would frighten the American public into overwhelmingly supporting a second invasion of Cuba. The Northwoods plan called for Pentagon and CIA paramilitary forces to sink ships, hijack airliners and bomb buildings. When Kennedy heard of their plan, he was furious. The corrupt military industrial power structure within the American government knew no bounds, not even the lives of their own countrymen mattered in their quest for power and profit. Kennedy removed CIA director Allen Dulles, deputy director Richard Bissell and General Lyman Lemnitzer, head of the Joint Chiefs of Staff, for their parts in the plan. Within weeks Prescott Bush who had close dealings with these individuals, chose to retire prematurely from politics for supposed health reasons.
Kennedy realized that the CIA was a focal point of corporate war planning, from which emanated a secret agenda that threatened the security and freedom of the American people. He said, "I will shatter the CIA into a thousand pieces and scatter them to the winds". Kennedy intended to do battle with a terrible evil and take America back from the military industrial complex and those who financed it. He began by founding a panel that would investigate the CIA's numerous crimes. He put a damper on the breadth and scope of the CIA, limiting their ability to act under National Security Memorandum 55.
With the CIA temporarily under control he turned his attention to the task of gathering real information on the war by sending McNamara and Taylor- an aide he trusted, to Vietnam. Based on their memo entitled, Report of McNamara-Taylor Mission to South Vietnam, Kennedy decided that America needed to withdraw immediately from the unwinnable and immoral Vietnam War. Kennedy personally helped draft the final version of a report wherein it stated; "The Defense Department should announce in the very near future presently prepared plans to withdraw 1000 U.S. military personnel by the end of 1963." Kennedy soon issued National Security Action Memorandum 263, and forty pages in the Gravel Pentagon Papers that were devoted to the withdrawal plan. With this new Memorandum Kennedy began to implement the removal of U.S. forces from Vietnam.
Many individuals in the U.S. government were CFR members, an organization that was openly pushing the Vietnam War, and these same people had close ties to the privately owned Federal Reserve banking system, a chief financial promoter and profiteer of war. Kennedy intended to stop the Vietnam War and all future wars waged for profit by America. He intended to regain control of the American people's government and their country by cutting off the military industrial complex and Federal Reserve banking system's money supply.
Kennedy launched his brilliant attack using the Constitution, which states "Congress shall have the Power to Coin Money and Regulate the Value." Kennedy stopped the Federal Reserve banking system from printing money and lending it to the government at interest by signing Executive Order 11,110 on June 4, 1963. The order called for the issuance of $4,292,893,815,000. (4.3 trillion) in United States Notes through the U.S. treasury rather than the Federal Reserve banking system. He also signed a bill backing the one and two-dollar bills with gold which added strength to the new government issued currency. Kennedy's comptroller James J. Saxon, encouraged broader investment and lending powers for banks that were not part of the Federal Reserve system. He also encouraged these non-Fed banks to deal directly with and underwrite state and local financial institutions. By taking the capital investments away from the Federal Reserve banks, Kennedy would break them up and destroy them.
It was at this time that the corrupt politicos and CFR members, representatives of organizations who stood to profit most from the Vietnam War and loose the most from the Federal Reserve deconstruction, revealed themselves publicly as a group against President Kennedy. They were all considered the pillars of right wing American establishment and their protests and accusations became more bellicose after initial troop withdrawal plans were announced on November 16, 1963. The Council on Foreign Relations, the Morgan and Rockefeller interests and the CIA had been extensively intertwined for years in promoting the Vietnam War and other wars, and their motives were the same.
Kennedy was facing the fight of his young life against a group of wealthy powerful bankers and industrialists who had their representatives deeply implanted within American Government and business. The names of some of these people and the organizations they represented were:
Ten days later on November 12, 1963 Kennedy publicly stated, in a speech delivered to hundreds of students and teachers at Columbia University; "The high office of the President has been used to foment a plot to destroy the American people's freedom, and before I leave office, I must inform the citizens of this plight."
Eight days later on November 20, 1963 Vietnam War advisor Walt Whitman Rostow was somehow granted a personal meeting with Kennedy to attempt to sell him on the Vietnam War with a plan he called "a well-reasoned case for a gradual escalation". Kennedy had already rejected a similar plan to escalate the war in 1961, he had publicly announced his own plan of withdrawal from the war, but the corrupt power structure wouldn't accept it. The meeting was Kennedy's last chance. Two days after rejecting Rostow's transparent plan for war, John Fitzgerald Kennedy, who alone had dared to stand against the military industrial complex and the Federal Reserve banking system, was murdered in Dallas, Texas at 12:30 p.m. CST on November 22, 1963, in a bloody "coup d'état".
On that day America ceased to be a democracy of, by, and for the people. From that day forward the leaders of the American government have only been the willing puppets of corporations and an international banking cartel that profits from war.
The day after Kennedy's brutal murder, the 23rd of November 1963, CIA director John McCone personally delivered the pre-prepared National Security Memorandum #278 to the White House. The handlers of newly installed President Lyndon B. Johnson needed to modify the policy lines of peace pursued by Kennedy. Classified document #278, reversed John Kennedy's decision to de-escalate the war in Vietnam by negating Security Action Memorandum 263, and the Gravel Pentagon Papers. The issuance of Memorandum 278 gave the Central Intelligence Agency immediate funding and approval to sharply escalate the Vietnam conflict into a full-scale war.
On November 29, 1963 Johnson created the Warren Commission to investigate the assassination of John Fitzgerald Kennedy, the 35th President of the United States. Publicly he directed the Commission to evaluate all the facts and circumstances surrounding the assassination and the subsequent killing of the alleged assassin, Lee Harvey Oswald. It had been prearranged among members of the commission, those with connections to the industrial and banking cartel, that there would only be one conclusion, Oswald must be seen as the lone assassin. Incredibly, Allen Dulles, the man who hated Kennedy for not backing his Bay of Pigs fiasco, and for stopping his Northwoods plan, and dismissing him as head of the CIA, was appointed to the Warren commission to preview all evidence gathered by the CIA and FBI and determine what the other commission members would be allowed to see!
Some of the information that Dulles may have prevented the other commission members from seeing was a couple of internal FBI memos from J. Edgar Hoover’s office, which raise far more questions than they answer. The first memo dated 1:45 PM November 22, (an hour and fifteen minutes after Kennedy’s murder) states that: “Mr. GEORGE H.W. BUSH, President of the Zapata Off-shore Drilling Company, Houston, Texas, residence 5525 Briar, Houston, furnished the following information to writer by long distance telephone call from Tyler, Texas. (approximately 90 miles from Dallas where Kennedy was murdered, a fast one hour drive) BUSH stated that he wanted to be kept confidential, but wanted to furnish hearsay that he recalled hearing in recent weeks, the day and source unknown. He stated that one JAMES PARROTT has been talking of killing the President when he comes to Houston.”
The other memo states that: “An informant who has furnished reliable information in the past and who is close to a small pro-Castro group in Miami has advised that these individuals are afraid that the assassination of the President may result in strong repressive measures being taken against them and, although pro-Castro in their feelings, regret the assassination. The substance of the following information was orally furnished by George Bush of the Central Intelligence Agency and Captain William Edwards of the Defense Intelligence Agency on November 23, 1963" (the day after Kennedy’s Murder)
George H.W. Bush made his temporary exit from the CIA, soon after the Kennedy murder, and in 1964 ran as a Goldwater Republican for Congress, campaigning against the 'Civil Rights Act' and the 'Nuclear Test Ban Treaty'. He stated in his campaign speeches that America should arm Cuban exiles and aid them in the overthrow of Castro. He denounced the United Nations and said the Democrats were "too soft" on Vietnam. He recommended that South Vietnam be given nuclear weapons to use against North Vietnam. Although Bush had powerful backers like, 'Oil Men for Bush', who agreed with his apocalyptic visions, the American voters were not yet ready for Bush's brand of fascist extremism and he lost the election.
In 1966 Bush ventured forth again as a political candidate, toning down the apocalyptic rhetoric. He ran as a moderate Republican and was elected to the first of two terms in the House of Representatives from the 7th District of Texas. In 1970 Bush lost a Senate race to Lloyd Bentsen. It was not the end of his political career, but rather the redirection of it. A recognized soldier among the corporate military industrial elite, he was destined for a position of power when the time was right and when America had been dragged far enough to the right. In the interim, his wealthy friends kept him busy working behind the scenes in a number of appointments: UN Ambassador for Nixon in 1971, GOP national chair in 1973, and special envoy to China in 1974.
On January 27, 1973, in spite of American saturation bombings during the peace talks, the United States, North Vietnam, South Vietnam and the National Liberation Front's provisional revolutionary government signed a peace agreement. The treaty stipulated the immediate end of hostilities and the withdrawal of U.S. and allied troops. The US involvement in the Vietnam 'slaughter for profit war' had lasted 25 years and resulted in 3,000,000 Vietnamese and 58,000 Americans killed. $570 billion taxpayer dollars were consumed in the war, generating obscene profits for the Federal Reserve banking system and the military industrial complex.
'Dynasty of Death' (Part 1)
Schuyler Ebbets
There is no historic parallel that can be drawn, nothing compares with the accomplishments of the Bush family. No dictator or tyrant can equal the suffering and destruction they have wrought on humanity, as they are not mere tyrants themselves, but the makers and breakers of tyrants, the organizers and profiteers of war and death. They are not alone and solely responsible for creating the present day military industrial complex, however since 1915 the Bush family has been directly involved in World War One and Two, the Korean War, the Vietnam War, numerous CIA secret wars, the Gulf War, and now a “Never Ending War”. The past four generations of this one family have had a hand in promoting and profiting from most of the major wars that America has waged since the beginning of the industrialized age.
The nightmare for the world began in 1915, with the establishment of an unholy partnership between the U.S. Government and the ‘War Industries Board', for-runner of America's present day 'military-industrial complex'. Some of those seated on the board of directors were Samuel P. Bush, great grandfather of George W. Bush, and so-called chief of Ordnance for the Small Arms and Ammunition Section, Wall Street banker Clarence Dillon, Samuel Pryor, executive committee chairman of Remington Arms, and Bernard Baruch, who, as head of the War Industries Board profited in excess of $200,000,000.
The members of the Board aptly came to be known as the "Merchants of Death." Using the facade of government to legitimize their operations, the War Industries Board represented the big munitions makers of the day who dispatched agents around the globe to sell the weapons and materials of war to both sides of any conflict. They bribed government officials and used their corporate influence and capitol to increase international tensions, which in turn generated demand and maximized profit.
It was during the First World War that Samuel P. Bush and the other board members amassed fortunes selling the weapons and materials of war not only to America but also to Germany. Most of the records and correspondence pertaining to Samuel P. Bush's activities on the War Industries Board were later burned mysteriously, "to save space" in the National Archives. When their business venture officially ended on November 11, 1918, some 37,508,686 human beings had been killed. It set a dangerous precedent for the destiny of America and the destiny of civilization itself. A small group of corporate manufactures, bankers, and industrialists had formulated a devilishly effective method by which profit is extracted from human suffering, war, and death, and their dark technique would be repeated and refined.
In 1922 while George Walker, was president at W. A. Harriman & Co, Averell Harriman went to Berlin to set up a branch bank for the company. While in Berlin Averell Harriman met with Fritz Thyssen, prime sponsor of the German politician Adolph Hitler. It was at that time that preliminary arrangements were made to establish a bank for Thyssen in New York. Two years later, in 1924, W. A. Harriman & Co. formally began the Union Banking Corporation in Manhattan, chiefly to handle German funds supplied through the Thyssen-owned Nazi front Bank voor Handel en Scheepvaart (BHS), in the Netherlands, for the mass purchase of American commodities. The W. A. Harriman & Co executives labeled these dealing as the "Hitler Project".
On May 1st 1926 Prescott Bush, grandfather of George W. Bush, close friend of Bunny Harriman and fellow Bonesmen from their Yale class of 1917 joined W. A. Harriman & Co. as its vice president under the bank's president and his father-in-law George Walker. In that same year an associate of Prescott Bush's father, Samuel P. Bush, and “Merchants of Death” board member Clarence Dillon, acquired $70 million dollars from Fritz Thyssen to set up a massive organization named the Vereinigte Stahlwerke (United Steel Works Corporation, or the German Steel Trust). This would become Germany's largest industrial corporation.
Although Thyssen's accounts were run through the Walker-Bush organization and the German Steel Trust did its corporate banking separately through Dillon Read Company, U.S. government investigations revealed that Bush's Nazi-front bank had actually worked directly with Fritz Thyssen’s United Steel Works Corporation which had produced; 50.8% of Nazi Germany's pig iron, 41.4% of Nazi Germany's universal plate, 36.0% of Nazi Germany's heavy plate, 38.5% of Nazi Germany's galvanized sheet metal, 45.5% of Nazi Germany's pipes and tubes, 22.1% of Nazi Germany's wire, and 35.0% of Nazi Germany's explosives.
On Oct. 20, 1942, the U.S. government ordered the seizure of all banking operations being carried out by Prescott Bush for the Nazis, under the Trading with the Enemy Act, however by that time he and the other associates at W.A. Harriman & Co. had already made their fortunes financing and arming Adolph Hitler. Under the Trading with the Enemy Act, the government was able to take over Union Banking Corporation, and The U.S. Alien Property Custodian, seized the Union Banking Corporation stock owned by Prescott Bush, E. Roland Harriman, and his associates until the war ended. Prescott Bush eventually sold his holding in Union Banking Corporation for $1,500,000.
Although the “Hitler Project” had resulted in a second world war and 62,537,400 human beings had been killed, Harriman and Bush and the other Bonesmen in Union Banking Corporation were never prosecuted for helping Adolph Hitler, and their identities were never publicized by the media. During his vice presidency with Union Banking, Prescott Bush had shrewdly hired lawyers, Allen and John Foster Dulles, international attorneys for many Nazi enterprises, to represent him and Fritz Thyssen. Sons of wealthy influential families, the Dulles brothers had also worked with the War Industries Board beginning their lucrative careers along side Samuel P. Bush and the other, ‘Merchants of Death’.
In 1950, President Truman charged International attorney John Foster Dulles with the task of concluding a peace treaty with Japan. Before the treaty was signed on September 8, 1951, Dulles used his position to lay the seeds for yet another profitable war by advising South Korean president Rhee that, “if he was ready to attack the communist North, the U.S. would lend help.” South Korea immediately launched a series vicious cross boarder attacks to provoke the North into war. For the benefit of North Korea, ''U.S. Secretary of State Dean Acheson (close friend of Harriman) publicly stated that South Korea would not be defended if attacked. This was seen by North Korea as an America approval for whatever actions they decided to take to defend themselves. On June 25, 1950, eight divisions and one armored brigade, (90,000 soldiers) of the North Korean People's Army attacked in three columns across the 38th parallel invading the Republic of Korea. Not surprisingly, Acheson had lied and on June 27, President Truman ordered U.S. forces into Korea.
Harriman couldn't resist the lure and the profit of the death game. In September of 1951, using his considerable political influence, Harriman had himself appointed to serve as President Truman's Mutual Security Agency director, which also made him the U.S. chief of the Anglo-American military alliance and an adviser, to “oversee national security affairs”. His business partner, Robert Lovett, became Assistant Secretary of Defense. It seemed as though things were developing into yet another profitable war coupled with the spoils of victory. The American military had easily conquered Seoul and the North Korean capital Pyongyang.
On Oct. 26 the Chinese army under the command of Mao Tse Tung, put an abrupt end to the scheme. Entering the war with 300,000 men, China beat the U.S. back to the 39th parallel. By the time of the Armistice negotiations of 1953, North and South Korea, and China combined had suffered a total of 3,822,000 casualties mostly from U. S. aerial bombing, but America had lost 54,000 service men and women and was dealt a crushing defeat. General Omar Bradley described the entire debacle as "The wrong war, at the wrong place, at the wrong time and with the wrong enemy." But it was never the wrong war for the merchants of death and the Bonesmen, as war made big money.
Financing his campaign with Union Banking blood money Prescott Bush became elected as Republican Senator from Connecticut In1952. In 1953 President Dwight Eisenhower appointed John Foster Dulles as his secretary of state and Allen Dulles, became director of the CIA. It would be the beginning of a glorious era of war and profit. Alan Dulles immediately pursued a policy of aggression and strength toward the Soviet Union and China, officially initiating the ‘Cold War’, and the largest military industrial buildup in American history.
Prescott Bush knew there would never be a better time to bring his son, George Herbert Walker Bush, father of George W. bush, into the fold of a new and emerging military industrial power structure. After Young George had followed in his father’s footsteps through Yale and into the Skull and Bones society, Allen Dulles welcomed him into the CIA, and John Foster Dulles acted as his friend and mentor among the right wing power elite.
President Dwight D. Eisenhower was under no allusion about the ominous changes being brought about by men like Prescott Bush, Averell Harriman, the Dulles brothers and many others. During his Farewell Address to the Nation January 17, 1961, Eisenhower tried to warn the American people saying: "We have been compelled to create a permanent armaments industry of vast proportions…we must not fail to comprehend its grave implications. In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted”.
On January 20, 1961, John F. Kennedy officially took office as President of the United States. During his brilliant state of the union address Kennedy said, "The world is very different now. For man holds in his mortal hands the power to abolish all forms of human poverty and all forms of human life.” And Kennedy clarified his position by stating his, “unwillingness to witness or permit the slow undoing of those human rights to which this Nation has always been committed”.
Before Eisenhower left office he allowed the appropriation of $46,000,000 dollars to pay for a CIA scheme to invade Cuba at the Bay of Pigs. When Kennedy was told about the plan he voiced serious doubts, but he didn’t want to be seen as soft on communism and his advisers convinced him that Castro was an unpopular leader with the Cuban people. Dulles and others in the CIA theorized-fantasized that the Cuban citizens would hear of the attack and help the CIA trained Cuban exiles to overthrow Castro. Kennedy decided the plan's requirement of 16 U.S. Navy planes was too obvious and would reveal American military involvement. He cut the number down to six. As the date of the invasion neared, Kennedy had second thoughts and decided against the plan altogether. At a press conference on April 12, five days before the invasion President Kennedy was asked if the U.S. government was making preparations to stage an uprising in Cuba. The President answered; "First, I want to say that there will not be, under any conditions, an intervention in Cuba by the United States Armed Forces. This government will do everything it possibly can, I think it can meet its responsibilities, to make sure that there are no Americans involved in any actions inside Cuba… The basic issue in Cuba is not one between the United States and Cuba. It is between the Cubans themselves.”
Allen Dulles, ignored the warning contained within Kennedy’s announcement and on April 12, 1961 proceeded with attack preparations, giving the order to CIA official Fletcher Prouty to make the delivery of three ships to then CIA agent George Bush for use in the invasion. Bush christened the ships the Barbara, the Houston, and the Zapata - after his oil company that later flopped. Bush had spent 1960 and '61 recruiting right-wing Cuban exiles in Miami for the invasion. He was living in Texas with his wife Barbara and flying from Houston to Miami weekly. It was during this time that Bush met Felix Rodriguez, the CIA operative who had hunted down and murdered Che Guevara. Bush and Rodriguez spent nearly two years working closely with the right wing Cuban community building their hopes and trust, and training them as marksman for the invasion.
On April 14, 1961 a total of five merchant ships carrying a paramilitary force of 1,400 Cuban exiles arrived at the Bay of Pigs, Cuba. The landing and subsequent battle went badly from the start. Two of the ships were sunk including the ship carrying most of the equipment and supplies. Two of the planes that were attempting to provide air cover were shot down. The CIA requested that Kennedy immediately call in more planes and military reinforcements, but Kennedy would not allow America to be manipulated into a conflict with Cuba and a potential war with Russia. Within seventy-two hours the ‘Bay of Pigs’ invasion had ended in tragic defeat. Instead of fueling the conflict into a raging inferno, which threatened to engulf the world, Kennedy had allowed the flames of war to flicker and die. The CIA and others in the extremist ‘right’ were bitterly angry with Kennedy for his refusal to provide air cover. The CIA had lost 15 men; another 1100 of their faithful Cuban exiles were captured. All those whom young George H. Bush had inspired to arms with his words, all those who had believed in him, trusted him, and befriended him were gone - imprisoned or killed. From that day forward, there was a bitter hatred for the imagined betrayal by Kennedy.
Dynasty of Death’ (Part 2)
Schuyler Ebbets
When John F. Kennedy inherited the responsibility of the presidency he also inherited the wars that banking and the military industrial complex were heavily invested in promoting and profiting from. Presidents Truman and Eisenhower had subsidized the French war against Vietnam under the auspices of the Marshall Plan from 1948 to 1952, giving France five billion two hundred million dollars in military aid. By 1954, the U.S. was paying approximately 80% of all French war costs. In 1951 the Rockefeller Foundation had created a study group comprised of members from the Council on Foreign Relations and England's Royal Institute on International Affairs. The panel concluded that there should be a British-American takeover of Vietnam as soon as possible. Secretary of State John Foster Dulles one of the CFR founders and his brother, CIA Director Allen Dulles and many others immediately championed the council's goals.
Vietnam had fought against the French occupation since 1884. By 1947 Vietnam was considered a valuable colony to be exploited by both French and American interests. In the countryside, peasants struggled under heavy taxes and high rents. In corporate factories, coalmines, and rubber plantations the people labored under abysmal conditions barely able to survive. The Vietnamese people rose up against the poverty and enslavement imposed upon them and fought the powerful French Foreign Legion, which was funded by America, and in 1954 the Vietnamese people took back their country. With the ejection of the French, the Geneva Agreements were signed on July 21,1954, officially ending the hostilities in Indochina. The agreement prohibited foreign troops and arms from entering Vietnam, and stipulated that free Democratic elections were to be held in 1956, allowing the people of Vietnam to determine their country's future.
South Vietnam's corrupt Prime Minister Diem was completely opposed to the Geneva Agreements, and the elections. CIA research had proven that if free democratic elections were held, Diem would lose and Vietnam would become a unified country. France and America would loose their slave colony and the profitable Vietnam War venture would end. The Dulles brothers urged Eisenhower to intervene militarily, and invade Vietnam, but Eisenhower refused.
The potential for arms production profits from an Asian country divided by civil war were staggering, particularly if the war could be made to last twenty years or more. Allen Dulles acting independently from President Eisenhower, with the support of Clarence Dillon's son Douglas, Averell Harriman, Prescott Bush and many others sent 675 covert military operatives into Vietnam headed by Air Force officer Edward Lansdale. Their mission was to help Diem stop fair and democratic elections and to prevent the establishment of a united Vietnam. The National Security Council's planning board assured Diem that if hostilities resulted, United States' armed forces would help him oppose the North Vietnamese. With the backing of America, the dictatorial Diem claimed that his government had never signed the Geneva Agreements and was not bound by them, and he promptly cancelled the elections. In 1958 Civil War started, and within two years guerrilla war erupted throughout Southern Vietnam. Diem asked Washington for assistance which resulted in yet another profitable war for America's military industrialists.
Dean Rusk (Secretary of State) and Robert McNamara (Secretary of Defense) hounded Kennedy into sending 10,000 Special Forces troops to Vietnam between 1961 and 1962. Kennedy was privately and publicly against the Vietnam War created by the military industrial complex. He didn't buy into their manufactured propaganda about the worldwide communist menace. Kennedy said, "I can not justify sending American boys half-way around the world to fight communism when it exists just south of Florida in Cuba." Kennedy stressed that Diem needed to win the hearts and minds of his people in the struggle against communism. Kennedy said, "I don't think that unless a greater effort is made by the Government to win the popular support that the war can be won out there. In the final analysis, it is their war. They are the ones who have to win it or lose it". Kennedy knew that only with all of the South Vietnamese people fully behind him could Diem hope to defeat the North.
Diem ignored Kennedy's advice and behaved like a dictator and his heavy-handed tactics continuously eroded the support of his people. America's ten thousand soldiers and a constant rain of bombs proved to be inconsequential in the effort to suppress the Vietnamese population. Allen Dulles, Dean Rusk, and Robert McNamara kept the truth about the deteriorating Vietnam situation hidden from Kennedy. The military industrial power structure surrounding Kennedy would only say that the war was going exactly as planned, that the Vietnamese people were being liberated, and that they liked Prime Minister Diem. Kennedy had reasons to doubt their word, as he had caught Allen Dulles covertly attempting to train a second group of Cuban exiles for another Cuban invasion. Kennedy had sent FBI agents in to destroy Dulles's training camps and confiscate the weapons, letting the matter end there.
Kennedy no longer trusted the Dulles brothers, Rusk, McNamara or Dean Acheson, his so-called Democratic foreign policy advisor, or for that matter, most of the people in the corrupt government he had inherited. Kennedy decided that he needed to monitor the Vietnam War and the men conducting it more closely. He formed a panel, appointing Allen Dulles and others to keep him apprised on a constant basis as to the status of the war.
On March 13, 1962, the Northwoods document was brought to Kennedy's attention. The Joint Chiefs of Staff and Allen Dulles had drawn up a plan to launch a series of terrorist attacks within the United States, combined with a media blitz blaming Cuba for the attacks. They believed this would frighten the American public into overwhelmingly supporting a second invasion of Cuba. The Northwoods plan called for Pentagon and CIA paramilitary forces to sink ships, hijack airliners and bomb buildings. When Kennedy heard of their plan, he was furious. The corrupt military industrial power structure within the American government knew no bounds, not even the lives of their own countrymen mattered in their quest for power and profit. Kennedy removed CIA director Allen Dulles, deputy director Richard Bissell and General Lyman Lemnitzer, head of the Joint Chiefs of Staff, for their parts in the plan. Within weeks Prescott Bush who had close dealings with these individuals, chose to retire prematurely from politics for supposed health reasons.
Kennedy realized that the CIA was a focal point of corporate war planning, from which emanated a secret agenda that threatened the security and freedom of the American people. He said, "I will shatter the CIA into a thousand pieces and scatter them to the winds". Kennedy intended to do battle with a terrible evil and take America back from the military industrial complex and those who financed it. He began by founding a panel that would investigate the CIA's numerous crimes. He put a damper on the breadth and scope of the CIA, limiting their ability to act under National Security Memorandum 55.
With the CIA temporarily under control he turned his attention to the task of gathering real information on the war by sending McNamara and Taylor- an aide he trusted, to Vietnam. Based on their memo entitled, Report of McNamara-Taylor Mission to South Vietnam, Kennedy decided that America needed to withdraw immediately from the unwinnable and immoral Vietnam War. Kennedy personally helped draft the final version of a report wherein it stated; "The Defense Department should announce in the very near future presently prepared plans to withdraw 1000 U.S. military personnel by the end of 1963." Kennedy soon issued National Security Action Memorandum 263, and forty pages in the Gravel Pentagon Papers that were devoted to the withdrawal plan. With this new Memorandum Kennedy began to implement the removal of U.S. forces from Vietnam.
Many individuals in the U.S. government were CFR members, an organization that was openly pushing the Vietnam War, and these same people had close ties to the privately owned Federal Reserve banking system, a chief financial promoter and profiteer of war. Kennedy intended to stop the Vietnam War and all future wars waged for profit by America. He intended to regain control of the American people's government and their country by cutting off the military industrial complex and Federal Reserve banking system's money supply.
Kennedy launched his brilliant attack using the Constitution, which states "Congress shall have the Power to Coin Money and Regulate the Value." Kennedy stopped the Federal Reserve banking system from printing money and lending it to the government at interest by signing Executive Order 11,110 on June 4, 1963. The order called for the issuance of $4,292,893,815,000. (4.3 trillion) in United States Notes through the U.S. treasury rather than the Federal Reserve banking system. He also signed a bill backing the one and two-dollar bills with gold which added strength to the new government issued currency. Kennedy's comptroller James J. Saxon, encouraged broader investment and lending powers for banks that were not part of the Federal Reserve system. He also encouraged these non-Fed banks to deal directly with and underwrite state and local financial institutions. By taking the capital investments away from the Federal Reserve banks, Kennedy would break them up and destroy them.
It was at this time that the corrupt politicos and CFR members, representatives of organizations who stood to profit most from the Vietnam War and loose the most from the Federal Reserve deconstruction, revealed themselves publicly as a group against President Kennedy. They were all considered the pillars of right wing American establishment and their protests and accusations became more bellicose after initial troop withdrawal plans were announced on November 16, 1963. The Council on Foreign Relations, the Morgan and Rockefeller interests and the CIA had been extensively intertwined for years in promoting the Vietnam War and other wars, and their motives were the same.
Kennedy was facing the fight of his young life against a group of wealthy powerful bankers and industrialists who had their representatives deeply implanted within American Government and business. The names of some of these people and the organizations they represented were:
• Nelson Rockefeller - New York GovernorPrime Minister Diem was loosing control of South Vietnam and growing impatient with the American war. He had begun negotiations with Ho Chi Minh, leader of the North, which unlike the Vietnamese election could not be prevented or rigged. A potential unification might occur quickly. The Vietnam War moneymaking engine was in grave danger from both the actions of Diem and Kennedy. The military industrial complex had their cadre Henry Cabot Lodge conveniently positioned within the US State Department and the Kennedy administration as a Vietnam War advisor and U.S. Ambassador to Saigon. Lodge made secret arrangements with CIA operatives in Vietnam to have Diem assassinated on November 2, 1963. Kennedy had not authorized such an order and after Diem's assassination he immediately instituted an investigation to find out who was responsible.
• David Rockefeller - Chase Manhattan Bank president, co-founder of the Trilateral Commission
• Douglas Dillon - Kennedy's Treasury Secretary and CFR member
• The Wall Street Journal
• Fortune Magazine editor Charles J. V. Murphy
• Dean Rusk - Secretary of State and Iron Mountain panel member
• Robert McNamara - Secretary of Defense until 1968, and later President of the World Bank (an adjunct of the United Nations and CFR)
• McGeorge Bundy - National Security Advisor and Iron Mountain panel member
• William Bundy - editor of the CFR's Foreign Affairs
• Averill Harriman - director of the Mutual Security Agency, and chief of the Anglo-American military alliance.
• Henry Cabot Lodge - U.S. Ambassador to Saigon
• The Joint Chiefs of Staff
• John J. McCloy - Assistant Secretary of War (WWII) and Kennedy advisor
• Cyrus Vance - Secretary of the Army
• Walt Rostow - State Department's Policy Planning Council and LBJ's National Security Advisor
• Dean Acheson - Truman Secretary of State and Democratic foreign policy advisor
Ten days later on November 12, 1963 Kennedy publicly stated, in a speech delivered to hundreds of students and teachers at Columbia University; "The high office of the President has been used to foment a plot to destroy the American people's freedom, and before I leave office, I must inform the citizens of this plight."
Eight days later on November 20, 1963 Vietnam War advisor Walt Whitman Rostow was somehow granted a personal meeting with Kennedy to attempt to sell him on the Vietnam War with a plan he called "a well-reasoned case for a gradual escalation". Kennedy had already rejected a similar plan to escalate the war in 1961, he had publicly announced his own plan of withdrawal from the war, but the corrupt power structure wouldn't accept it. The meeting was Kennedy's last chance. Two days after rejecting Rostow's transparent plan for war, John Fitzgerald Kennedy, who alone had dared to stand against the military industrial complex and the Federal Reserve banking system, was murdered in Dallas, Texas at 12:30 p.m. CST on November 22, 1963, in a bloody "coup d'état".
On that day America ceased to be a democracy of, by, and for the people. From that day forward the leaders of the American government have only been the willing puppets of corporations and an international banking cartel that profits from war.
The day after Kennedy's brutal murder, the 23rd of November 1963, CIA director John McCone personally delivered the pre-prepared National Security Memorandum #278 to the White House. The handlers of newly installed President Lyndon B. Johnson needed to modify the policy lines of peace pursued by Kennedy. Classified document #278, reversed John Kennedy's decision to de-escalate the war in Vietnam by negating Security Action Memorandum 263, and the Gravel Pentagon Papers. The issuance of Memorandum 278 gave the Central Intelligence Agency immediate funding and approval to sharply escalate the Vietnam conflict into a full-scale war.
On November 29, 1963 Johnson created the Warren Commission to investigate the assassination of John Fitzgerald Kennedy, the 35th President of the United States. Publicly he directed the Commission to evaluate all the facts and circumstances surrounding the assassination and the subsequent killing of the alleged assassin, Lee Harvey Oswald. It had been prearranged among members of the commission, those with connections to the industrial and banking cartel, that there would only be one conclusion, Oswald must be seen as the lone assassin. Incredibly, Allen Dulles, the man who hated Kennedy for not backing his Bay of Pigs fiasco, and for stopping his Northwoods plan, and dismissing him as head of the CIA, was appointed to the Warren commission to preview all evidence gathered by the CIA and FBI and determine what the other commission members would be allowed to see!
Some of the information that Dulles may have prevented the other commission members from seeing was a couple of internal FBI memos from J. Edgar Hoover’s office, which raise far more questions than they answer. The first memo dated 1:45 PM November 22, (an hour and fifteen minutes after Kennedy’s murder) states that: “Mr. GEORGE H.W. BUSH, President of the Zapata Off-shore Drilling Company, Houston, Texas, residence 5525 Briar, Houston, furnished the following information to writer by long distance telephone call from Tyler, Texas. (approximately 90 miles from Dallas where Kennedy was murdered, a fast one hour drive) BUSH stated that he wanted to be kept confidential, but wanted to furnish hearsay that he recalled hearing in recent weeks, the day and source unknown. He stated that one JAMES PARROTT has been talking of killing the President when he comes to Houston.”
The other memo states that: “An informant who has furnished reliable information in the past and who is close to a small pro-Castro group in Miami has advised that these individuals are afraid that the assassination of the President may result in strong repressive measures being taken against them and, although pro-Castro in their feelings, regret the assassination. The substance of the following information was orally furnished by George Bush of the Central Intelligence Agency and Captain William Edwards of the Defense Intelligence Agency on November 23, 1963" (the day after Kennedy’s Murder)
George H.W. Bush made his temporary exit from the CIA, soon after the Kennedy murder, and in 1964 ran as a Goldwater Republican for Congress, campaigning against the 'Civil Rights Act' and the 'Nuclear Test Ban Treaty'. He stated in his campaign speeches that America should arm Cuban exiles and aid them in the overthrow of Castro. He denounced the United Nations and said the Democrats were "too soft" on Vietnam. He recommended that South Vietnam be given nuclear weapons to use against North Vietnam. Although Bush had powerful backers like, 'Oil Men for Bush', who agreed with his apocalyptic visions, the American voters were not yet ready for Bush's brand of fascist extremism and he lost the election.
In 1966 Bush ventured forth again as a political candidate, toning down the apocalyptic rhetoric. He ran as a moderate Republican and was elected to the first of two terms in the House of Representatives from the 7th District of Texas. In 1970 Bush lost a Senate race to Lloyd Bentsen. It was not the end of his political career, but rather the redirection of it. A recognized soldier among the corporate military industrial elite, he was destined for a position of power when the time was right and when America had been dragged far enough to the right. In the interim, his wealthy friends kept him busy working behind the scenes in a number of appointments: UN Ambassador for Nixon in 1971, GOP national chair in 1973, and special envoy to China in 1974.
On January 27, 1973, in spite of American saturation bombings during the peace talks, the United States, North Vietnam, South Vietnam and the National Liberation Front's provisional revolutionary government signed a peace agreement. The treaty stipulated the immediate end of hostilities and the withdrawal of U.S. and allied troops. The US involvement in the Vietnam 'slaughter for profit war' had lasted 25 years and resulted in 3,000,000 Vietnamese and 58,000 Americans killed. $570 billion taxpayer dollars were consumed in the war, generating obscene profits for the Federal Reserve banking system and the military industrial complex.
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