This goes back to the 2007/2008 USA financial crisis. Back when Wall Street was looting and pillaging pension funds of public employees, ripping off main street America, and ripping off overseas investors.
Jeffrey Epstein, who is currently under indictment as a sex trafficker and abuser of underage girls, was the Chairman of Liquid Funding Ltd. from November 9, 2001 to at least March 19, 2007.
WallStreetOnParade reports: The offshore business had been incorporated in Bermuda on October 19, 2000 and according to the Fitch ratings firm, it had $6.7 billion in outstanding liabilities in 2006.
In a regulatory filing with the Securities and Exchange Commission in February 2003, Bear Stearns, the Wall Street investment bank that Epstein had resigned from under murky circumstances in 1981, confirmed that it was a 40 percent owner of Liquid Funding Ltd., writing as follows:
“At November 30, 2002, the Company had an approximate 40% equity interest in Liquid Funding, Ltd. (‘LFL’), a AAA-rated special purpose vehicle established to participate in the repurchase agreement and total return swap markets. A subsidiary of the Company acts as investment manager…”
The subsidiary that acted as investment manager for Liquid Funding Ltd. was Bear Stearns Bank Plc in Dublin, Ireland, which functioned outside of U.S. regulatory authority and was a wholly owned subsidiary of Bear Stearns Ireland Limited, which was wholly owned by the U.S.-regulated Bear Stearns Companies Inc.. The U.S.-based Bear Stearns was one of the myriad Wall Street banks that imploded during the financial crisis of 2008 and received both publicly-announced and secret bailouts from the Federal Reserve, the central bank of the United States, via its Wall Street compromised regional bank, the Federal Reserve Bank of New York...
According to an October 24, 2006 announcement from the ratings agency, Fitch, Liquid Funding Ltd. was a Structured Investment Vehicle (SIV) — the same structure that played a major role in blowing up another major Wall Street bank, Citigroup, during the financial tsunami that cratered Wall Street in 2008.
According to Fitch, Liquid Funding Ltd. could issue liabilities up to $20 billion, made up of commercial paper, guaranteed investment contracts, medium term notes, and repurchase agreements. Both Fitch and Moody’s gave the medium-term notes to be issued by Liquid Funding a AAA-rating as well as gave it a AAA-rating as a counterparty. And, notably, both ratings agencies gave its commercial paper a Tier 1 rating, meaning that it could now end up in money market funds purchased by average Americans seeking a low-risk, liquid investment. (Until 2008, it was rare for money market funds to “break a buck,” meaning give back less than the original principal invested.)
While the ratings agencies acknowledged that they understood the entity could issue up to $20 billion in various instruments, Fitch reported in 2006 that “Liquid Funding is capitalized with $37 million in drawn equity commitments and $63 million in undrawn equity commitments….” We have found nothing, thus far, to explain how $100 million in equity could support $20 billion in liabilities...
When the GAO report came out, the secret $16 trillion feeding tube from the Federal Reserve was revealed, structured as revolving, low-cost loans to any bank, foreign or domestic, teetering or otherwise. Stunningly, the audit showed the Fed started the loans in December 2007 – long before the public knew there was a dangerous financial crisis – and it lasted until at least July 2010.
In addition to the publicly known support to Bear Stearns from the New York Fed, the GAO audit revealed that the Federal Reserve had provided another $853 billion in secret loans to Bear Stearns; $851 billion from its Primary Dealer Credit Facility and $2 billion from its Term Securities Lending Facility...
Was Liquid Funding Ltd., the entity chaired by Jeffrey Epstein long after he was already recognized as a sexual molester of minors, part of the Bear Stearns’ bailout by the Federal Reserve? It was reported to be 40 percent owned by Bear Stearns in multiple regulatory filings.
An announcement by Moody’s rating agency on April 18, 2008 further raises that suspicion. It states that “all outstanding rated liabilities” of Liquid Funding Ltd. have been “paid in full.”
So yeah - not only do we have the under age sex trafficking (part 1), the creation of blackmail/extortion photos and videos supplied to intelligence agencies (part 2), we now have evidences of literally trillions of dollars flowing between the Federal Reserve, top banks ("too big to fail"), and Wall Street firms - putting the US taxpayers on the hook for trillions of dollars of theft and fraud (part 3).
IMO - the greatest thing that could happen to both the USA and the world would be a massive tsunami that would flood the East coast all the way to the Appalachian Mountains.
Edited 1 time(s). Last edit at 24-Jul-19 19:02 by Race Jackson.