New Enron/Warburg/Bush a conspiracy in the making!

[Hubert Flottz]

Who Owns Enron Now?
Who helped ENRON rob the public?
Who the HELL is Paul and Max Warburg?
Was Bush Telling the Truth About his dealings with Kenny Boy, like he told the truth about Yellow Cake?

Timeline of Treason:
The Bush Family Connections to the Nazis

SNIP:

1913:

Federal Reserve Bank created. Paul Warburg served as a governor of the bank during WWI. At the same time, his brother Max was the head of the German Secret Service.

1920:

Averell Harriman and George Walker gain control of German Hamburg-Amerika Line. The deal was arranged through the chief executive German Hamburg-Amerika, William Cuno, & Max Warburg of the shipping line’s bankers, M.M. Warburg. The name of the firm was changed to American Ship & Commerce Corp. Samuel F. Pryor of Remington Arms had been involved in the deal & now served on the board of the renamed corporation. Cuno was later a heavy contributor to Nazi Party funds

1933:
Max Warburg selected by Prescott Bush to be the American Ship & Commerce Line official representative on the board of the Hamburg- Amerika Line. Warburg was a long time advisor of Hjalmar Schacht, the Nazi’s Economic Minister and an executive in the Reichsbank. Warburg was also a close friend with Montagu Collet Norman.

1961:

C. Dillon appointed Secretary of Treasury.

The Bay of Pigs fiasco. Two of ships were named Houston and Barbara. The CIA code name for the Bay of Pigs was Operation Zapata. tying George Bush to the operation. Additionally in 1981 the year before George Bush was elected vice president all of the SEC records of Zapata between 1960 and 1966 disappeared.

John Kennedy fires Allen Dulles after the Bay of Pigs.

1963:

John Kennedy assassinated. MUCH MORE TO SEE HERE............

http://www.spiritone.com/~gdy52150/timeline.html

January 15, 2002: 2:06 p.m. ET

UBS Warburg pays nothing upfront for flagship unit; Enron gets third of profits.

Enron
TIME.com: Who's Accountable?

NEW YORK (CNN/Money) - Enron Corp. sold its energy trading business to UBS Warburg for only the promise of a share of its future profits, according to documents released Tuesday, while questions circulated about stock transactions of chief executive Kenneth Lay.

http://money.cnn.com/2002/01/15/companies/enron_loan/

Fire UBS Warburg, Group Tells Gov. Davis

Company Linked to Enron, Officials Hostile to California Maintains $60 Million Consulting Contract from CA Utility Commission
Santa Monica, CA -- The Foundation for Taxpayer and Consumer Rights (FTCR) today called on Governor Davis to fire UBS Warburg, a consulting and investment banking firm hired by state regulators this summer, with as much as $60 - $170 million in ratepayer money, to help it arrange a ratepayer bailout of bankrupt Pacific Gas & Electric.

http://www.consumerwatchdog.org/utilities/pr/pr002785.php3

What happened when Enron crashed???????????

UBS Warburg and Enron

In early 2002 the House Committee on Government Reform began to investigate a filing by a UBS Warburg stockbroker who claimed that he was laid off because he advised his clients against keeping Enron shares. The broker, Chung Wu, was dismissed on August 21, 2001, within hours of sending the following email to his clients: “Financial situation is deteriorating in Enron and price drops another $7.00…I would advise you to take some money off the table even at this point.” At the time the email was sent, Enron shares were already trading at less than half of their 2000 value. UBS Warburg’s branch manager, Patrick Mendenhall, addressed Wu’s clients afterward, stating, “Mr. Wu’s statements are contrary to UBS PaineWebber’s current recommendation concerning Enron stock.” UBS Warburg responded to Wu’s August 31, 2001 complaint (filed with the NASD) by arguing that Wu had been removed because he overstepped the company’s policy against contacting more than ten clients without gaining supervisor approval first. Wu claimed that UBS Warburg removed him in response to pressure from Enron.

http://www.securitiesfraudfyi.com/ubs_warburg.html

Tinfoil Mad Hatters Anything to add?

[Hubert Flottz]

1. Let's Dig Into This, It May Be The Answer To Skyhigh Gas Bills!

Why is the Price of Natural Gas predicted to double? Can we depend on our government to protect us from a HUGE ripoff? Did They Protect us before? Time to snoop and raise hell if you don't want to be the victim again! The SEC looked out for the rich investors and threw the common stockholders to the wolves!

[9215]

6. here is something

http://www.latimes.com/news/opinion/commentary/la-oe-scheer1jul01,1,1035145.column?coll=la-news-comment-opinions>

[Zan_of_Texas]

2. More - the Gramms and UBS Warburg

Without Wendy and Phil Gramm to run interference for Enron and create a giant regulatory hole for them to operate without supervision in, arguably Enron would have been unable to create such a giant scam. And, where does Phil Gramm end up? UBS.

January 14, 1993: six days before Bill Clinton was inaugurated and she would lose her seat, Wendy Gramm, chair, and the rest of the Commodity Futures Trading Commission voted to remove oversight of energy commodity contracts and swaps. Thus, they created a hole in regulation big enough to, well, drive Enron through. This was a crucial ruling in creating room for them to do their energy trading, which they later claimed earned them a large portion of their revenues. Dr. Gramm had been appointed to the CFTC by Reagan.

Late February, 1993: Just weeks after the vote, Ken Lay appoints Wendy Gramm to serve on Enron's board of directors, a part-time position for which she is eventually paid as much as $50,000 annually, plus tens of thousands in stock options and other cash benefits. Gramm, who holds a doctorate in economics from Northwestern University, would serve on Enron's crucial audit committee.

December 15, 2000 - Senator Phil Gramm co-sponsors the Commodity Futures Modernization Act, which deregulates energy futures. The bill does not undergo the usual committee hearings and preliminary votes, and is immediately attached as a rider to an 11,000-page appropriations bill. Two Republicans from Texas, Reps. Dick Armey and Tom DeLay, are instrumental in pushing the legislation through the House. Tom DeLay's wife, Christine, works for a lobbying firm, Alexander Strategies, that Enron has hired for up to $200,000 a year to push energy deregulation. Passed after heavy lobbying, the Act codifies and expands CFTC's rule exempting energy derivative contracts from regulation. It also ensures that EnronOnline – the company's online energy trading forum – is not regulated.

Aug. 14, 2001 – Chief Executive Jeffrey Skilling quits Enron, citing personal reasons. Ken Lay returns to the position of chief executive officer. Lay says, "Absolutely no accounting issue, no trading issue, no reserve issue, no previously unknown problem issues" are behind the departure. Lay writes an email message to his employee/stockholders: "Our performance has never been stronger; our business model has never been more robust. ...We have the finest organization in American business today."

Aug. 15, 2001 - Enron vice president for corporate development, Sherron Watkins, sends a brief anonymous letter warning Lay of "a veil of secrecy" around off-book partnerships and predicts the company will "implode in a wave of accounting scandals." She will meet with Lay later that month to discuss her concerns.

Aug. 21, 2001 - Since November 2000, Ken Lay has been using a new rule that allows options to be exercised and sold regularly year-round as long as it is done on a plan approved by securities regulators. Almost every workday, Lay exercised a fixed number of options and sold the same amount of stock on the market, netting the difference. The usual take per month is $4 to $7 million, depending on the stock price. However, in June 2001, as the California AG announced he would investigate energy prices, Lay had a flurry of stock sales netting an extra $20 million.

In August 2001, Ken Lay begins his second flurry of sales. He uses Form 5, which will not be reported until the following February, thus concealing the activity from the markets.

August 21 he sells 110,706 shares @ $36.25
August 23 . . . 108,254 . . . @ $36.95
August 24 . . . 110,041 . . . @$36.35
August 30 . . . 112,706 . . . @$35.50
Sept. 4 . . . . 114,346 . . . @$35.00

Over fifteen days, Ken Lay sells over half a million shares (556,053) raising $20 million.

Aug. 28, 2001 - The SEC quietly opened an investigation into Enron's off-the-books partnerships.

Sept. 4 - Sen. Gramm announces he will not seek re-election to the Senate.

Sept. 6-7 - An unusual number of put options are bought for United Airlines and American Airlines.

Sept. 11, 2001 - Four planes crash into the World Trade Centers, on or near the Pentagon, and a Pennsylvania field.

Sept. 26, 2001 - Lay urged employees to buy more stock, calling it "an incredible bargain" and touted the energy giant's overall financial picture. "Our third quarter is looking great."

Dec. 2, 2001 - Enron files for Chapter 11 bankruptcy protection. At the time, it's the largest bankruptcy filing ever.

Jan. 11, 2002 - The final two bidders for Enron's trading unit are Citibank and Swiss investment bank UBS Warburg, and the winner turns out to be UBS. But Enron irked creditors by failing to release the deal's terms, except to say it is exceptionally complex. Enron's trading business was the company's largest revenue generator, accounting for about 80 percent of the firm's profits. With 800 trading desks around the world, Enron's traders once dominated the oil, natural gas and electric power markets, while also swapping a host of other commodities. In 2000, the system conducted as many as 548,000 trades valued at more than $330 billion, according to Enron. However, later, it appeared that the way Enron accounted for its trades, booking the entire value of the trade rather than just the profit, made the revenues look much larger than they were.

April 10, 2002 - Senator Phil Gramm fights off an attempt to regulate energy derivatives trading.

Oct. 7, 2002 - Senator Gramm announces he will become a Vice Chairman at UBS, and he declines to announce his new salary.

[Hubert Flottz]

3. These people belong in JAIL!

They are safe as long as the Repubs control things!

[Zan_of_Texas]

4. interesting

Hubert,

Interesting stuff you found! I hope some other folks have some more to add on Warburg.

For everyone's clarification, Warburg took over Paine Webber brokerage. UBS took over Warburg, and now has dropped all names except UBS.

[9215]

5. The Myth of "Sidney Warburg"

The Myth of "Sidney Warburg"


A vital question, only partly resolved, is the extent to which Hitler's accession to power in 1933 was aided directly by Wall Street financiers. We have shown with original documentary evidence that there was indirect American participation and support through German affiliated firms, and (as for example in the case of I.T.T.) there was a knowledgeable and deliberate effort to benefit from the support of the Nazi regime. Was this indirect financing extended to direct financing?

After Hitler gained power, U.S. firms and individuals worked on behalf of Naziism and certainly profited from the Nazi state. We know from the diaries of William Dodd, the American Ambassador to Germany, that in 1933 a stream of Wall Street bankers and industrialists filed through the U.S. Embassy in Berlin, expressing their admiration for Adolf Hitler — and anxious to find ways to do business with the new totalitarian regime. For example, on September 1, 1933 Dodd recorded that Henry Mann of the National City Bank and Winthrop W. Aldrich of the Chase Bank both met with Hitler and "these bankers feel they can work with him."1 Ivy Lee, the Rockefeller public relations agent, according to Dodd "showed himself at once a capitalist and an advocate of Fascism."2

So at least we can identify a sympathetic response to the new Nazi dictatorship, reminiscent of the manner in which Wall Street international bankers greeted the new Russia of Lenin and Trotsky in 1917.


Who Was "Sidney Warburg"?

The question posed in this chapter is the accusation that some Wall Street financiers (the Rockefellers and Warburgs specifically have been accused) directly planned and financed Hitler's takeover in 1933, and that they did this from Wall Street. On this question the so-called myth of "Sidney Warburg" is relevant. Prominent Nazi Franz von Papen has stated in his Memoirs:3

... the most documented account of the National Socialists' sudden acquisition of funds was contained in a book published in Holland in 1933, by the old established Amsterdam publishing house of Van Holkema & Warendorf, called De Geldbronnen van Het Nationaal-Socialisme (Drie Gesprekken Met Hitler) under the name "Sidney Warburg."

A book with this title in Dutch by "Sidney Warburg" was indeed published in 1933, but remained on the book stalls in Holland only for a matter of days. The book was purged.4 One of three surviving original copies was translated into English. The translation was at one time deposited in the British Museum, but is now withdrawn from public circulation and is unavailable for research. Nothing is now known of the original Dutch copy upon which this English translation was based.

The second Dutch copy was owned by Chancellor Schussnigg in Austria, and nothing is known of its present whereabouts. The third Dutch copy found its way to Switzerland and was translated into German. The German translation has survived down to the present day in the Schweizerischen Sozialarchiv in Zurich, Switzerland. A certified copy of the authenticated German translation of this Swiss survivor was purchased by the author in 1971 and translated into English. It is upon this English translation of the German translation that the text in this chapter is based.

Publication of the "Sidney Warburg" book was duly reported in the New York Times (November 24, 1933) under the title "Hoax on Nazis Feared." A brief article noted that a "Sidney Warburg" pamphlet has appeared in Holland, and the author is not the son of Felix Warburg. The translator is J. G. Shoup, a Belgian newspaperman living in Holland. The publishers and Shoup "are wondering if they have not been the victims of a hoax." The Times account adds:

The pamphlet repeats an old story to the effect that leading Americans, including John D. Rockefeller, financed Hitler from 1929 to 1932 to the extent of $32,000,000, their motive being"to liberate Germany from the financial grip of France by bringing about a revolution·" Many readers of the pamphlet have pointed out that it contains many inaccuracies.

Why was the Dutch original withdrawn from circulation in 1933? Because "Sidney Warburg" did not exist and a "Sidney Warburg" was claimed as the author. Since 1933 the "Sidney Warburg" book has been promoted by various parties both as a forgery and as a genuine document. The Warburg family itself has gone to some pains to substantiate its falsity.

What does the book report? What does the book claim happened in Germany in the early 1930s? And do these events have any resemblance to facts we know to be true from other evidence?

From the viewpoint of research methodology it is much more preferable to assume that the "Sidney Warburg" book is a forgery, unless we can prove the contrary. This is the procedure we shall adopt. The reader may well ask — then why bother to look closely at a possible forgery? There are at least two good reasons, apart from academic curiosity.

First, the Warburg claim that the book is a forgery has a curious and vital flaw. The Warburgs deny as false a book they admit not to have read t nor even seen. The Warburg denial is limited specifically to non-authorship by a Warburg. This denial is acceptable; but it does not deny or reject the validity of the contents. The denial merely repudiates authorship.

Second, we have already identified I.G. Farben as a key financier and backer of Hitler. We have provided photographic evidence (page 64) of the bank transfer slip for 400,000 marks from I.G. Farben to Hitler's "Nationale Treuhand" political slush fund account administered by Rudolf Hess. Now it is probable, almost certain, that "Sidney Warburg" did not exist. On the other hand, it is a matter of public record that the Warburgs were closely connected with I.G. Farben in Germany and the United States. In Germany Max Warburg was a director of I.G. Farben and in the United States brother Paul Warburg (father of James Paul Warburg) was a director of American I.G. Farben. In brief, we have incontrovertible evidence that some Warburgs, including the father of James Paul, the denouncer of the "Sidney Warburg" book, were directors of I.G. Farben. And I.G. Farben is known to have financed Hitler. "Sidney Warburg" was a myth, but I.G. Farben directors Max Warburg and Paul Warburg were not myths. This is reason enough to push further.

Let us first summarize the book which James Paul Warburg claims is a forgery.......

more

http://reformed-theology.org/html/books/wall_street/chapter_10.htm

The authors (Anthony Sutton) book "Wall Street and the Rise of Hitler" is a real eye opener.

[Hubert Flottz]

10. Thank you for the heads up on that book!

I'll look for it! Have you read 'Trading With The Enemy'?

[DUreader]

7. kick

[sandnsea]

8. USB Warburg

On http://www.forbes.com/newswire/2003/06/09/rtr993857.html - SBC, a "global branding" strategy. This has got to be a strategy of hiding the names that readily connect to the money and power trail. That way they become less of a target because nobody knows who's got all the money. I'm still trying to connect Siegmund, unless I missed it in the post.

The City of London's financial community has seen a whole list of venerable banking names disappear over the years, swallowed up by bigger rivals. The Warburg name, until now, was one of the few survivors along with Kleinwort, now part of Dresdner Kleinwort Wasserstein, as well as Rothschild, Lazard and Cazenove, which remain independent corporate finance advisory houses.

S.G. Warburg was founded by Siegmund Warburg, a financier who moved to Britain from Germany in the 1930s. He is also credited with inventing the Eurobond market.

Warburg was itself taken over in 1995 by Swiss Bank Corporation as a consolidation wave swept the City of London. That bank became SBC Warburg, then SBC Warburg Dillon Reed after the addition of the U.S. investment bank, and finally UBS Warburg when Union Bank of Switzerland merged with Swiss Bank Corp in 1998.

[Hubert Flottz]

11. Henry Kissinger has his finger in EVERY pie!

"Last autumn, luminaries from the international finance community gathered for a dinner in London to mark Siegmund Warburg's centenary, including James Wolfensohn, president of the World Bank, former U.S. Secretary of State Heny Kissinger and UBS Chairman Marcel Ospel."

[sandnsea]

9. A family history

http://www.sfu.ca/~delany/warburg.htm long history at this link

Jews like Max Warburg supported German imperialism because they considered themselves German, just as many American Jews adopted a chest-thumping Americanism during the Cold War. Nonetheless, what remains most impressive about the Warburgs is not their nationalism but their internationalism (though when Max Warburg writes in favour of world federalism Chernow calls him “a dreamy old man taking refuge in simplistic visions.”) Economic internationalism also fuelled the great Warburg success story after the war, the rise of S.G. Warburg & Co. in London.

Sir Siegmund Warburg’s invention of the Eurobond market in the early 1960s was a natural offshoot of the family tradition. During the German inflation of the twenties, young Siegmund had seen the family bank circulate foreign currencies in Germany as a substitute for the crumbling mark. Eurobonds assembled short-term dollar deposits in Europe for long-term investment lending across national boundaries; the first issue was regulated by British law, signed in Holland, traded in Luxembourg, denominated in dollars, and for an Italian borrower. As Jacques Attali puts it in his book on Siegmund, Eurobonds made S.G. Warburg into “the symbol of the new form of post-war world capitalism: totally delocalized.”