"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Sunday, October 14, 2007

Chase Bank and the Federal Treasury Dept. aren't going to want Asarco to be paying Billions in environmental clean-up costs... look at this:

"Posted Oct 14th 2007 10:25AM by Peter Cohan
Filed under: Citigroup Inc. (C), JPMorgan Chase (JPM), Goldman Sachs Group (GS)
Hank Paulson's got an Enron-like crisis that could swamp Citigroup (C) and JPMorgan (JPM):
The New York Times [registration required] reports that Citigroup (NYSE: C) and JPMorgan Chase (NYSE: JPM) are working with the Treasury Department to create a $75 billion fund to bail out Structured Investment Vehicles (SIV) -- of which there are thought to be $400 billion
worldwide. What are SIVs? Why do they need to be bailed out? Why is the Treasury Department getting involved? Will the bailout plan work? Why should you care?"
http://www.bloggingstocks.com/2007/10/14/hank-paulsons-got-an-enron-like-crisis-that-could-swamp-citigro/

"
ASARCO Incorporated. Retained by ASARCO Incorporated in connection with an $80 million tax exempt bond offering placed by Bankers Trust Company to finance pollution control facilities at the Company’s Hayden, Arizona smelter. Counseled ASARCO on certain matters involving the Company’s $450 million Revolving Credit Agreement with J.P. Morgan Chase & Co. and several other leading banks."....."
http://www.jsslaw.com/attorney.aspx?id=ba82f042-ea5e-4e9b-a912-113bbb8519f4

"The deep impulse of our life in America, the ideal which is becoming a national idol enshrined in the hearts of the majority, is money," said the Rev. Samuel Schulman of Temple Bethel, New York City, in an address this evening on "Money as a Measure of Manhood" before the Knife and Fork Club of this city.[from the year 1908: 21 years before the great currency crash of 1929, and 24 years before the gold and silver confiscation act of 1933]
http://query.nytimes.com/gst/abstract.html?res=9F04EEDD113EE033A25757C2A9679C946997D6CF

No comments: