Reply #30: Let's pick a story. Say, data recovery from the WTC. [View All]

[DulceDecorum]

http://www.911citizenswatch.org/print.php?sid=454

Convar Systeme Deutschland GmbH was retrieving data concerning the suspicious financial transactions that took place on and around September 11.
In June 2002, Convar was acquired by Kroll Associates.
In July 2004, Kroll was acquired by Marsh & McLennan Companies and became an operating unit of Marsh Inc., its risk and insurance services subsidiary.
Marsh & McLennan Companies have been caught misbehaving and the ENTIRE insurance industry is embroiled in a colossal scandal.

October 14, 2004
Attorney General Eliot Spitzer today sued the nation's leading insurance brokerage firm, alleging that it steered unsuspecting clients to insurers with whom it had lucrative payoff agreements, and that the firm solicited rigged bids for insurance contracts.
Simultaneously, Spitzer announced that two insurance company executives have pleaded guilty to criminal charges in connection with the scheme.
The actions against the brokerage firm, Marsh & McLennan Companies, and the two executives stem from a widening investigation of fraud and anti-competitive practices in the insurance industry. Evidence revealed in today's lawsuit also implicates other major insurance carriers.
<snip>
Major insurance companies -- ACE, AIG, The Hartford and Munich American Risk Partners -- are named in the complaint as participants in steering and bid rigging. Other insurance companies are still under investigation, up to an including Warren Buffett's Berkshire Hathaway. Lloyds of London has been experiencing similar deep distress for years.
http://www.oag.state.ny.us/press/2004/oct/oct14a_04.html

This one case, in Louisiana leads back to New York
and is an indicator of the magnitude of the problem on Wall Street.

Sunday, March 27, 2005
The scrutiny comes at a time when insurance broker pay is under the microscope throughout the country, thanks to a still-unfolding probe by New York state Attorney General Eliot Spitzer. That investigation has shown that some of the nation's largest insurance brokers, including industry giant Marsh & McClellan, engaged in bid-rigging and other practices that benefited the firm but hurt clients. Among other things, the probe has led to industry promises to disclose fully how much brokers are being paid.
http://www.nola.com/news/t-p/frontpage/index.ssf?/base/news-3/111190694296260.xml

Since the Saudis pulled their money out of the NYSE
Wall Street has been teetering on the brink of outright collapse and they have done everything they can to keep up appearances of affluence and good health.
Hence the Social Security plan whereby they get their hands on the last remaining financial asset -- or what is left of it.

The Saudis pulled their money out for many reasons, some related to their own survival, and that of the entire Islamic world. Muslims are not supposed to put the funds into accounts that will accrue interest because interest is seen as pure exploitation of other human beings. This means that Muslims have been actively looking for an alternative banking system, and THAT is not something that the World bank nor the IMF is eager for. Especially considering the considerable mineral wealth upon which Islam sits. The development of sharia banking is widely seen as "a jihad"against Western interests, and Muslims who invest in such institutions are routinely accused of "funding terrorists."
Wahhabism can be considered to be a euphemism for Saudi investment. Billionaire Rafiq Hariri of Lebanon accepted "Wahhabism" and see how it got him a Cedar "Revolution."

Persons interested in knowing more about the connection between Wall Street and the Pentagon should have a closer look at Thomas Barnett and Cantor Fitzgerald.

Early in 2000, Barnett served as director of the NewRulesSets.Project in partnership with Wall Street broker-dealer firm, Cantor Fitzgerald; the focus of which was to dissect the multifarious influences and impact of globalization on world the economy and international security, and produce a series of highly sophisticated war game workshops. Thought leaders from Wall Street, academia and national security concerns participated in three of the war game workshops at One World Trade Center. The series ended, as did Cantor Fitzgerald's participation, after the 9/11 tragedy.
http://www.wws.princeton.edu/events/pressreleases/20041104barnett.html

First, we need to expand dramatically the dialogue between Wall Street and the Pentagon regarding how globalization changes our definitions of national security. Over the past several years, the Naval War College has collaborated with the broker-dealer firm Cantor Fitzgerald in conducting a series of Economic Security Exercises examining scenarios such as a terrorist strike against Wall Street, the Year 2000 Problem, and Asia’s future energy needs.
These pioneering war games are the brainchild of retired Navy Admiral William J. Flanagan, Senior Managing Director of Cantor Fitzgerald, which until 11 September had its international headquarters in the uppermost floors of the World Trade Center. It is not hyperbole to call the September terrorist strike a new form of warfare. Cantor Fitzgerald’s catastrophic human loss (roughly two-thirds of the 1,000 employees headquartered in the World Trade Center) only underscored the paradigm shift. These individuals were killed not only to terrorize the American people, but also to disable U.S. financial markets and, by doing so, diminish global investor confidence in their long-term stability.
http://www.usni.org/proceedings/articles01/PROBarnett10.htm

Cantor Fitzgerald is the largest trader of US Treasuries and accounts for half of all government bond trading. The company trades securities, equities, derivatives, and foreign stocks. It operates the Cantor Exchange, an electronic US Treasury futures exchange, and offers electronic trading of sovereign debt. Its electronic trading platform eSpeed was spun off in 1999, though Harold Lutnick (CEO of both firms) has retained a majority interest.
http://biz.yahoo.com/ic/101/101107.html

Howard Lutnick is the man who appeared on TV, shortly after the implosion, asking for business investments to help Cantor widows and families, whose funds he cut off before the end of that same week.
On Wall Street, Lutnick is known as The Grim Weeper.

Perhaps the investigation of the insurance industry will unearth the truth about September 11.
And then again, maybe not.