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

Saturday, November 5, 2011

Asarco associated Citigroup (Citigroup and Harbinger Hedge fund were creditors in Asarco's bankruptcy)

for more on Citigroup and Asarco, search for these key-words within the google-blog's search engine...

"Robert Scheer, Op-Ed:
“Can we all agree that a $1 billion swindle represents a lot of money, and the fact that Citigroup agreed last week to pay a $285 million fine to settle SEC charges for “misleading investors” demonstrates a damning admission of culpability? So why has Robert Rubin, the onetime treasury secretary who went on to become Citigroup chairman during the time of the corporation’s financial shenanigans, never been held accountable for this and other deep damage done to the U.S. economy on his watch?”

Rubin’s tenure atop the world of high fi­nance began when he was co-chair­man of Gold­man Sachs, be­fore he be­came Bill Clin­ton’s trea­sury sec­re­tary and pushed through the re­ver­sal of the Glass-Stea­gall Act, an ac­tion that le­gal­ized the for­ma­tion of Cit­i­group and other “too big to fail” bank­ing con­glom­er­ates.

Rubin’s de­struc­tive im­pact on the econ­omy in en­abling these giant cor­po­rate banks to run amok was far greater than that of swindler Bernard Mad­off, who sits in prison under a 150-year sen­tence while Rubin sits on the Har­vard Board of Over­seers, as chair­man of the Coun­cil on For­eign Re­la­tions and as a leader of the Brook­ings In­sti­tu­tion’s Hamil­ton Pro­ject.

Rubin was re­warded for his ef­forts on be­half of Cit­i­group with a top job as chair­man of the bank’s ex­ec­u­tive com­mit­tee and at least $126 mil­lion in com­pen­sa­tion. That was “com­pen­sa­tion” for steer­ing the bank to the point of a bank­ruptcy avoided only by a $45 bil­lion tax­payer bailout and a fur­ther guar­an­tee of $300 bil­lion of the bank’s toxic as­sets.

"
http://www.nationofchange.org/too-big-jail-1320412438

for starters, see:
Jul 27, 2009 ... Citigroup and Harbinger are creditors in Asarco's pending bankruptcy proceeding. They are based in New York and together are owed $300 ...

epgtlo.blogspot.com/2009/07/citigroup-comment-on-pemex.html

Jul 30, 2010 ... Citigroup has agreed to pay the SEC $75 million to settle charges that the bank hid exposure to more than $40 billion [1] in subprime CDOs. ...

epgtlo.blogspot.com/2010/.../asarco-former-principle-bondholder.html
Sep 17, 2009 ... Citigroup Bank is a "Key Financial Team member" for the Camino Real Regional Mobility Authority (CRRMA) that builds El Paso TX highways ...

epgtlo.blogspot.com/.../citigroup-bank-is-key-financial-entity.html
Aug 4, 2010 ... ASARCO Bondholder Citigroup's head of Latin America team handled CEMEX acquisition of RMC and a 1.1 Billion$ offer for Grupo Mexico S.Peru ...

epgtlo.blogspot.com/.../asarco-bondholder-citigroups-head-of.html
Jul 30, 2009 ... Banking giant Citigroup recommends investment in Mexican state-run oil company Petroleos Mexicanos (Pemex) via its dollar-denominated bonds. ...

epgtlo.blogspot.com/2009/.../harbingers-citigroup-recommends.html
Aug 27, 2009 ... Citigroup's Oil Trader's $100000000 Payday: A Wakeup Call for the Nation ... Google "Citigroup" in search engine for epgtlo.blogspot.com and ...

epgtlo.blogspot.com/2009/.../bank-associated-with-asarco-bonds.html
Jul 30, 2010 ... ASARCO former principle-bondholder Citigroup now ordered to pay SEC over ... " Citigroup to Pay $1 for Every $500 in Subprime Exposure It Hid ...

epgtlo.blogspot.com/2010_07_25_archive.html
Sep 9, 2010 ... 8: Government argues that 75 mil settlement with former Asarco principal bondholder Citigroup is"fair, adequate, reasonable and in the ...

epgtlo.blogspot.com/.../2010-sept-8-government-argues-that-75.html
Aug 4, 2010 ... ASARCO Bondholder Citigroup's head of Latin America team handled CEMEX ... "John Boord heads Citigroup Global Markets' Latin America ...

epgtlo.blogspot.com/2010_08_01_archive.html





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