9/11-linked Louis Freeh As Penn State Pedo Investigator

[Project Willow]

Spanier
Claims to fame

* Once known as “Graham the Clown,” performing
for kids at a local daycare center
* Ran with the bulls in Pamplona in 2001, an activity that people are still talking about
* Is a reigning, five-time Penn State co-ed intramural racquetball doubles champion
* Was the opening act for magicians Penn and Teller

.........................................................
Louis Freeh
I did not know... 2010 Board of directors member, National Center for Missing and Exploited Children.
"Freeh is an active member and Board member of the National Center for Missing and Exploited Children, has been a member of the U.S. Naval Academy Foundation and is responsible for launching the Innocent Images National Initiative to protect young children. "

So why didn't you just improve the FBI's handling of missing kids data and trafficking cases while you were in tenure Mr Freeh? (Anyone have data on that?)

Also, WTF John Walsh and WTF with that damn private law enforcement/military data mining shit? It shouldn't be for profit that's how people get framed, they get framed for profit.

So far from this general pastiche I feel like I'm supposed to believe that there are various operators who, even though they serve the secret network, they also secretly have a soft side and feel bad for abused kids? Yeah, right. It's coming down to, what isn't a giant racket anymore?

NNDB(?) says Freeh's a member of Opus Dei

Freeh associates
John D. Behnke
Managing Director
Additionally, John was the lead agent in the investigation of the 1989 murder of Judge Robert Vance of the 11 th Circuit Court of Appeals. After this case was successfully prosecuted, John was awarded the Department of Justice's Dedicated Service Award by President George H.W. Bush for his outstanding leadership, dedication and self-sacrifice.


This is only page 1 of Google. Poor kids.

strong-arming.jpg

[Searcher08]

Freeh would seem to be well-connected with the world of the Soprano's. He seems to have 'a good understanding' of how Child Trafficking works.

Coupla things that seem very odd to me...

Sandusky, given his power by association with Holy Joe Paterno, would not needed to have set up a 'Home for Poor Kidz' to have an endless supply of them to abuse.

I further speculate that there has been Big Money made via this (and that is the reason for bringing in Freeh). I would be VERY interested to see what connections there are between folks at Penn State and folks in Georgia Atlanta CPS and Colleges.






http://www.infowars.com/oddities-in-the ... cide-case/







My speculation is that Second Mile was set-up as a "Kids on Demand" service -; that it will be found that 'record keeping' was of very poor quality and it is not possible to audit which kids went through it.

[Nordic]

Freeh would seem to be well-connected with the world of the Soprano's. He seems to have 'a good understanding' of how Child Trafficking works.

Coupla things that seem very odd to me...

Sandusky, given his power by association with Holy Joe Paterno, would not needed to have set up a 'Home for Poor Kidz' to have an endless supply of them to abuse.

i disagree since he seems to have preferred kids quite a bit younger than college age. and you can never be too rich, too thin, or have too many sexual partners .....

[Allegro]

.
This article has more names I thought we might want to reference. The underscored names weren't listed in RI searches.

Penn State investigator has ties to Second Mile charity's board
— by MAUREEN MILFORD and CRIS BARRISH | DelawareOnline, Nov. 21, 2011

Former FBI director Louis J. Freeh of Greenville, selected Monday by Penn State University to lead an independent investigation into child sexual abuse allegations, once worked with a major university contributor who is a board member of the youth charity linked to the scandal.

Freeh served as general counsel of the former MBNA credit card company in Wilmington along with top bank executive Ric Struthers. A Penn State graduate and major contributor still affiliated with the university, Struthers is on the board of directors of The Second Mile charity.

The Second Mile, which helps children from troubled homes, was founded in 1977 by Jerry Sandusky. A former Penn State assistant football coach, Sandusky, 67, has been charged with multiple counts of child sexual abuse, including one alleged rape on campus. According to a grand jury report, Sandusky "found his victims" through Second Mile.

Freeh, who served as MBNA's general counsel from 2001-06, gave a speech in 2005 at a dedication of a new Penn State business building that Struthers and his wife supported through a $2 million gift. Struthers attended the event.

On Monday, Freeh promised a fair, thorough and independent investigation at a news conference in Philadelphia announcing that his law firm Freeh, Sporkin & Sullivan would lead the investigation. Freeh, a former federal judge, could not be reached later in the day to discuss his relationship with Struthers.

But Omar McNeill, a partner in Freeh's Wilmington law firm, said Freeh's relationship with Struthers was strictly as a business colleague. Freeh did not report to Struthers but to bank founder Charles M. Cawley. After Cawley retired, Freeh reported to Cawley's successor, Bruce Hammonds, McNeill said. MBNA was sold to Bank of America in 2006.

"They were business associates," McNeill said of Freeh and Struthers. "That was the extent of relationship."

Stephanie Goodsell, a spokeswoman for the Penn State trustees' special committee that hired Freeh, said in a statement that Freeh "reported at all times to MBNA's chief executive officer, and not to Mr. Struthers."

[justdrew]

FYI - MBNA in the early 90s opened a large corporate office in State College.

[Allegro]

FYI - MBNA in the early 90s opened a large corporate office in State College.

Drew, could you provide a link, please? Thanks.

Look what I found. MBNA history on its wiki page.

MBNA was founded in 1982 by a group of MNC Financial (regional bank holding company headquartered in Baltimore, Maryland) executives headed by Charles Cawley. Its first office was housed in a converted A&P supermarket in Ogletown, Delaware. Until his death, Cleveland Browns owner Al Lerner served as Chairman of the Board.

In 1995, MBNA moved its headquarters from a suburban location to Rodney Square in downtown Wilmington, Delaware. This investment was credited with help to revive Wilmington's downtown real estate market.

[justdrew]

FYI - MBNA in the early 90s opened a large corporate office in State College.

Drew, could you provide a link, please? Thanks.

Look what I found. MBNA history on its wiki page.

MBNA was founded in 1982 by a group of MNC Financial (regional bank holding company headquartered in Baltimore, Maryland) executives headed by Charles Cawley. Its first office was housed in a converted A&P supermarket in Ogletown, Delaware. Until his death, Cleveland Browns owner Al Lerner served as Chairman of the Board.

In 1995, MBNA moved its headquarters from a suburban location to Rodney Square in downtown Wilmington, Delaware. This investment was credited with help to revive Wilmington's downtown real estate market.

I'm just saying that from memory, but here...
http://www.google.com/search?q=MBNA+"state+college"

Looks like they closed it in 2010 (mostly it was apparently a call-center for credit card sales and possibly services...

pardon the screwy characters in this next one... their crappy website doesn't handle cut and paste from microsoft word and it's "curly quotes" right...

University recognizes MBNA as its first 'Corporate Partner of the Year'
Tuesday, November 23, 2004

University Park, Pa. -- Penn State has named MBNA �Corporate Partner of the Year,� the first time the University has bestowed this award, which is sponsored by the division of development and alumni relations.

The honor recognizes MBNA�s long-term philanthropic support of the University, its working relationship with the Penn State Alumni Association, and the career opportunities and financial awareness education that MBNA has extended to Penn State students and alumni.

�The longstanding relationship between Penn State and MBNA is a model of a mutually beneficial partnership,� said University President Graham B. Spanier. �Our partnership owes much of its success to the vision and hard work of Richard K. Struthers, who has been instrumental not only in shaping his company�s philanthropy to the University, but has also given generously of his own time and resources.�

Struthers is a founder and vice chairman at MBNA, and a 1977 business management graduate of Penn State�s Smeal College of Business.

�Penn State is one of the nation�s finest universities, and the people of MBNA are proud of the terrific partnership that we have formed with the University,� said Struthers. �Every day we witness the value and quality of a Penn State education, whether it�s the students we employ at our State College facility or the hundreds of Penn State alumni who work throughout our company.�

MBNA employs more than 400 Penn State students and alumni at its State College office and other locations around the world.

MBNA made the lead gift to help build the MBNA Career Services Center, opened in 2002, which brings all of the University�s career development and job placement services under one roof. MBNA has also directed major gifts toward several other new facilities, including the Hintz Family Alumni Center and the Smeal College of Business Building. MBNA philanthropy has also helped to upgrade athletic facilities, educate students on their overall financial awareness, endow scholarships and support the Four Diamonds Fund at Penn State Milton S. Hershey Medical Center.

MBNA Corp. (NYSE: KRB), the largest independent credit card lender in the world and a recognized leader in affinity marketing, is an international financial services company providing lending, deposit and credit insurance products and services. MBNA credit cards and related products and services are endorsed by more than 5,000 organizations and financial institutions worldwide. The Penn State Alumni Association has endorsed MBNA products since 1989.

[Allegro]

.
Some of my research, which is little, really, has been inspired by these references, above, and Thank You.

((1)) NNDB is a site not entirely written tongue-in-cheek, so I don't know what's true or somewhat so. The only indication I found wrt Freeh and opus dei was unverifiable, at the time. See ((5)) below.

((2)) MBNA | note MBNA's Affinity credit card scheme. (Noted for later.)

((3)) Louis Freeh is a devout Roman Catholic, according to his wiki page; also noted on that page: Freeh isn't a prelate (a church dignitary) for opus dei. Freeh acquired Italian citizenship on October 23, 2009.

((4)) Freeh was educated at Rutgers as well as by Congregation of Christian Brothers: The Congregation of Christian Brothers (officially, in Latin: Congregatio Fratrum Christianorum) is a worldwide religious community within the Catholic Church, founded by Blessed Edmund Rice. The Christian Brothers, as they are commonly known, chiefly work for the evangelisation and education of youth, but are involved in many ministries, especially with the poor.…

Freeh's wiki page alerts readers not to confuse The Christian Brothers with Institute of the Brothers of the Christian Schools, which, btw, began in 1981 as an ethical or socially responsible investment service for Catholic organisations. The service attempts to use its shareholdings to influence the way the companies in which it has invested operate. (Noted for later.)

((5)) Apparently, one of Freeh's sons attended Archmere Academy, which, on Freeh's wiki, is described as "an Opus Dei academy." U.S. Vice President, Joe Biden, is an allumni of Archmere.

[Allegro]

.
Thanks, bks! Cross-post from the Pedophile thread.

Shocker! Freeh is editing his report after meeting with the trustees! And it looks like there a strong-arming effort in the works [or an effort at bribery or some sort of influence].
That Thursday night meeting should be interesting.

Faculty Council unhappy with inquest

By Don Van Natta Jr. | ESPN.com

Some Penn State Faculty Council members are challenging the independence of Penn State's handling of child sexual-abuse allegations after the lead investigator told them he would present his findings twice to a university Board of Trustees' committee before releasing his report publicly.

Former FBI director Louis J. Freeh was hired by the board on Nov. 21 to investigate how Penn State handled the Jerry Sandusky sexual-abuse scandal, which led to the board's decision to fire Joe Paterno after 46 years as head football coach. Freeh pledged to conduct his inquiry with "complete independence, and take it wherever it may lead." The scope of his investigation, he announced, would include actions made by Penn State's Board of Trustees.

But Freeh held a one-hour, closed-door meeting with Penn State's Faculty Council on Jan. 10 and told faculty members that he intended to turn over his preliminary investigative report to the Special Committee of the Board of Trustees for their input, two attendees of the meeting told "Outside the Lines." After making revisions to the report, Freeh told the Faculty Council that he would then provide a second draft report to the trustees' special committee.

Freeh's investigative report into the worst scandal in Penn State's 156-year history will be made public after the second draft is reviewed by the board, he told the Faculty Council. Freeh's report will include recommendations for changes.

Freeh told the faculty members that only the Board of Trustees' special committee would be given the chance to review his draft reports, according to the faculty members who attended the meeting. Freeh said he would not share the draft reports with anyone else, they said.

"It was very easy to become suspicious about how fair this investigation is going to be," said one of the participants in the meeting, who spoke on condition of anonymity. "I find it very difficult for a contractor who is essentially hired by the Board of Trustees to do a thorough investigation of the Board of Trustees, especially if they are given the chance to look at a draft report and suggest changes that will be made before the report is released to the public."

A second faculty member who attended Freeh's meeting with the Faculty Council, an executive committee of Penn State's Faculty Senate, said the former FBI director's presentation "left questions in many of our minds just how independent his investigation or report are going to be."

In interviews with "Outside the Lines" this week, both senior faculty members referred to notes they had taken during the meeting with Freeh. They both said Freeh repeatedly referred to the work he was doing on behalf of his "client," which is the Special Committee of Penn State's Board of Trustees. The special committee is chaired by Kenneth Frazier, chief executive of Merck & Company, and a member of Penn State's Board of Trustees.

"When you keep referring to doing work for your 'client,' it takes the independent feel right out of an investigation," said one meeting attendee describing Freeh's remarks. "His 'client' is the board of trustees, so how can he investigate his own client? It's a farce."

Thomas Davies, a spokesman for Freeh and the special committee, declined to comment about the ongoing investigation. A university spokesman, Bill Mahon, referred a call for comment to Davies.

The faculty members also said Freeh told them he would not use polygraph experts to conduct his investigation. One of the professors said, "I find that distressing -- the only way to get honest answers is to have polygraph tests, if used as nothing more than a threat to get the truth."

In recent weeks, an increasingly vocal group of alumni and faculty members has criticized the board's handling of the firing of Paterno, saying the decision was made by the trustees without "due process." Some critics of the board have called for some or all of the current trustees to be replaced.

During a routine meeting on Friday, the board will decide whether its current chairman and executive committee each will receive another one-year term.

When told about Freeh's plans to share draft reports board members, Maribeth Roman Schmidt, a spokesman for the group, Penn Staters for Responsible Stewardship, said: "As an alumnus, I'm disappointed because it doesn't sound like any of the leadership is delivering on all their promises of transparency. If Louis Freeh needs his investigative report to be client-approved, how is this investigation truly independent?"

At three town hall meetings in Pennsylvania and New York City last week, Penn State President Rodney A. Erickson repeatedly said Mr. Freeh's inquiry would be independent and that the final report would not be edited or modified prior to its publication. Erickson has also said that Penn State will be entirely open and transparent about its handling of the fallout from the scandal.

After the Jan. 10 meeting with Freeh, the Faculty Council voted 22-0 to approve a resolution calling for a parallel investigation to be led by a nine-person independent special committee composed of five people, including its chair, who are independent of the university. The committee would specifically be charged with investigating the board of trustees' oversight role.

On Jan. 24, the Faculty Senate will vote on that resolution, as well as sending a "no confidence" message to university trustees, according to the meeting agenda made public on Wednesday. If the vote on the resolution passes, it would be up to Erickson to approve funding for a separate investigation. At a December Faculty Senate Meeting, Anthony Ambrose, the senator with the College of Medicine who made the no-confidence motion, also demanded that the trustees resign.

Freeh, the 61-year-old former director of the Federal Bureau of Investigation, is chairman of Freeh Group International Solutions LLC, an investigative and consulting firm, and founding partner of law firm Freeh Sporkin Sullivan LLP. Freeh was hired by a board of trustees' special investigations committee to look into allegations involving former assistant coach Jerry Sandusky, who is charged with 52 counts of sexually assaulting 10 boys over nearly a decade.

When he was introduced at a news conference Nov. 21, Freeh said he and his investigative team would look into Penn State's oversight of the Sandusky matter and its culture to try to determine why years, even decades, of alleged sexual abuse went undetected.

"I am committed to ensuring that our independent investigation be conducted in a thorough, fair and comprehensive manner, leaving no stone unturned or without any fear or favor," Freeh said.

Before introducing Freeh, Frazier, a board trustee and the chair of the board's special committee, said, "The entire board of trustees is intent on taking all steps necessary to ensure that our institution never again has to ask whether it did the right thing, or whether or not it could have done more."

Several faculty Senate members said Freeh's meeting on Jan. 10 was viewed by some as "an attempt to thwart our push for an independent investigatory committee." On Thursday evening, members of the board of trustees are having dinner with members of the Senate Council, a gesture that has not occurred for at least a decade, several professors said. [WHY??? Strong-arming? Some other form of influence?]

In a story published in Thursday's New York Times, 13 trustees described their rationale for firing Paterno on Nov. 9. Their reasons included that he failed to do more when told about the an alleged sexual assault by Sandusky in the Penn State locker room in 2002 and what they regarded as the coach's questioning of the board's authority in the days following Sandusky's arrest. They also said that they did not believe Paterno had the ability to continue coaching in the face of the scandal.

The trustees also said former Penn State president Graham Spanier never informed any of them about the scope of the grand jury investigation before Sandusky's arrest Nov. 5. Spanier was also fired by the board of trustees Nov. 9.

"To me, it wasn't about guilt or innocence in a legal sense," Frazier told the newspaper. "It was about these norms of society that I'm talking about: that every adult has a responsibility for every other child in our community."

Trustees told the newspaper that despite firing Paterno, they were honoring the terms of his contract through the end of the 2011 season.

ORIGINAL

REFER RI THREADS. Sandusky Child Rape Research Questions Resource | Louis Freeh Penn State Pedo Investigator | The Pedophile File

[wordspeak2]

Did folks see Joe Paterno just died?

http://www.usatoday.com/sports/college/ ... 52737230/1

[slomo]

Did folks see Joe Paterno just died?

http://www.usatoday.com/sports/college/ ... 52737230/1

Oh, hey, wow, that sure is convenient. Because the rules of public figure hagiography require that we must never speak ill of the dead. So clearly Joe-Pat was and always will be nothing but a saint, and if anything bad happened (or any remedial actions didn't happen) then they could not possibly have been done (or not done) at the hands of such a powerful force for good-ol-fashioned-American-apple-pie values.

We can all keep our heroes and breath a sigh of relief.

[Searcher08]

Louis Freeh is a partner in Freeh, Sporkin, Sullivan LLP

The senior counsel is Stanley Sporkin who is former CIA General Counsel
http://www.whereisthemoney.org/hotseat/stanleysporkin.htm

Some people acts as the judicial stop-cocks and gatekeepers on mighty Amazonian sized rivers of dirty money, drugs, corruption and the transnational black budget economies.

UnAnswered Questions for Stanley Sporkin
#1 Why is the Sporkin fox in the Fannie Mae hen house?

Stanley Sporkin has been retained by the Office of Federal Housing Enterprise Oversight (OFHEO) to assist in its duties overseeing Fannie Mae -- one of the largest issuers of mortgage backed securities and related derivatives in the world.

Why should we care? All Americans are impacted by the health and well being of Fannie Mae's operation - as homeowner, as investor and as taxpayers.

The entire US mortgage market is currently dependent on several private corporations that enjoy special governmental credit support (called Government Sponsored Enterprises or GSEs). Because of their size, the value of our homes may decrease if a GSE becomes troubled.
Many pension funds, mutual funds and money market funds include Fannie Mae securities. Hence, the retirement savings of many Americans and global citizens, as well as the resources of global financial institutions, are now vested in Fannie Mae's well being.
If government resources are called upon to forestall or support Fannie Mae in a bankruptcy or reorganization, our tax dollars and taxpayer-backed government credit could be diverted to fund Fannie Mae's liabilities and to subsidize the US mortgage markets.
If one GSE is troubled, it could impact the viability and health of the others, including Freddie Mac and the Federal Home Loan Bank System, as well as Ginnie Mae, a governmental corporation at the Department of Housing and Urban Development (HUD).

The following questions, organized around Judge Sporkin's historical areas of responsibility, are intended to illuminate the background and experience that Judge Sporkin brings to the task of assisting the Bush Administration in the oversight and regulation of Fannie Mae.

This information should be useful to investors in US mortgage securities who are assessing credit ratings and pricings of Fannie Mae, Freddie Mac, FHFB, Ginnie Mae and other related mortgage and homebuilding stocks, bonds and derivatives or the investment, mutual funds, pension funds and money market funds that hold them.

These questions have been sent to Judge Sporkin. We will post any response we receive.

Regulating Fannie Mae
Question #1: Are you under investigation by the Department of Justice?
Question #2: What are your potential conflicts of interest?
Question #3: Does the math of the mortgage bubble work?
Question #4: Why are Fannie Mae and HUD still using the same auditor?
Question #5: Is partisan politics involved in the regulation of Fannie Mae?
Question #6: Is Fannie Mae vulnerable to class action lawsuits?

As US Federal District Judge - District of Columbia
Question #1: Why did you lead the persecution of Hamilton Securities?
Question #2: What role have you played in black budget market manipulation and $59 billion missing from HUD?
Question #3: Why did you resign from the bench?

As General Counsel for the CIA
Question #1: Did you draft the DOJ-CIA Iran-Contra Memorandum of Understanding?
Question #2: Why did you suppress Community Wizard?
Question #3: What was your role with the Mena, Arkansas Iran Contra operation and local HUD agency?
Question #4: Is "Slimey Affirm" a code name you used in an off shore account?
Question #5: Do you shut down honest businesses to protect government crime and narcotics trafficking?

As Director of the SEC Enforcement Division
Question #1: Are US enforcement efforts designed to prevent or promote money laundering?
Question #2: Is National Security Law used to fraudulently over-issue mortgage securities to fund the "black budget"?

Additional Background Information

Related Books


Regulating Fannie Mae


FannieMae
Question #1: Are you under investigation by the Department of Justice?

On November 1, 2003, the Washington Post reported that the Department of Justice's Office of Professional Responsibility had opened an investigation into your alleged misconduct along with a group of attorneys at the Central Intelligence Agency (CIA) and Department of Justice (DOJ) involved in the prosecution of a former CIA officer, Ed Wilson. This investigation was inspired by a ruling in the Wilson case in which the Judge ruled that government lawyers, including you, "knowingly used false evidence" in Mr. Wilson's trial and appeal.

Inquiry in Case of Arms Dealer – Justice to Probe Conduct of Prosecution
Washington Post, November 1, 2003

Opinion on Conviction; United States of America vs. Edwin Paul Wilson,
Judge's Opinion, US District Court, Southern District of Texas, October 27, 2003

<- Return to Table of Contents

Question #2: What are your potential conflicts of interest?

Are there any conflicts of interest created by DOJ's investigation into your alleged misconduct in connection with the Wilson case, and your role on behalf of the Administration in overseeing Fannie Mae, given the DOJ and Securities & Exchange Commission (SEC) investigations of Fannie Mae?

You are a partner of Weil, Gotshal & Manges, a law firm noted for its expertise in corporate bankruptcy. Given Weil's corporate client base – including as lead bankruptcy counsel for Enron – what are the potential conflicts of interest involved in your role helping to regulate Fannie Mae, a large private corporation? What are the potential profits of your firm and its network of serving as a lead counsel in a Fannie Mae bankruptcy?

The Real Deal on Enron,
Interview with Catherine Austin Fitts by Dan Armstrong, Parts 1-7, April 2003

Enron: Anatomy of a Cover Up,
Interview with Catherine Austin Fitts by Dennis Bernstein

<- Return to Table of Contents

Question #3: Does the math of the mortgage bubble work?

How many homes are there in America? What is their appraised value? What is the number of outstanding mortgages in America and what is their outstanding principal value? What is the basis of allegations that there are more mortgages outstanding in the mortgage markets than there are homes?

What is the total value of outstanding mortgage backed securities and tax-exempt municipal housing bonds related to American homes and mortgages? What is the basis of the allegations that outstanding securities are greater in value by a significant amount than the US residential housing stock that secures them?

What is the total principal amount of outstanding derivatives related to these mortgages and homes ? Does the algebra work here or something fraudulent going on?

Does increasingly centralized control of the appraisal industry have something to do with current valuations? Is there merit to the allegations that the Bush Administration and Judge Sporkin are tightening oversight of Fannie to avoid Congressional investigations that might unravel the continuing financing and refinancing of sizeable mortgage securities frauds from the 1980s and 1990s?

What will happen to the value of American homes and Fannie Mae, Freddie Mac, Federal Home Loan Bank System and Ginnie Mae securities as a significant number of American jobs are transferred abroad with the help and support of U. S. government policy? What could a rise in interest rates to do these various values? What would happen if the total equity value of America's home net of outstanding mortgage finance turned negative?


How can the US mortgage rate surpass the homeownership rate?
(graph courtesy of global economy expert Chris Sanders
from his article "Where is the Collateral?")

Where is the Collateral?
by Chris Sanders, October 2003

America's Black Budget & Manipulation Of Markets
Jim Puplava interviews Catherine Austin Fitts, 18 May 2004
on Financial Sense Radio - Transcript / Real Audio / MP3

The Story of Edgewood Technology Services—or How I Lost $100Million,
by Catherine Austin Fitts, July 2002 (Parts I-III)

The Negative Return on Investment Economy – a Discourse on America's Black Budget,
by Chris Sanders and Catherine Austin Fitts, June 2004

The Myth of the Rule of Law: The Destruction of Hamilton Securities,
Catherine Austin Fitts, November 2001

Piracy on the Delaware
by Catherine Austin Fitts, 20 May 2004

Reality Realty – Global Real Estate Markets Forum

<- Return to Table of Contents

Question #4: Why are Fannie Mae and HUD still using the same auditor?

If the Bush Administration and the Office of Federal Housing Oversight believe that Fannie Mae's books have not been properly maintained, why do the Department of Housing and Urban Development (HUD) and other agencies of the US government use the same firm, KPMG, as an auditor and contractor?

<- Return to Table of Contents

Question #5: Is partisan politics involved in the regulation of Fannie Mae?

Fannie Mae has traditionally been viewed as a Democratic stronghold. The current CEO, Franklin Raines was the head of Office of Management and Budget (OMB) during the Clinton Administration. The prior CEO, Jim Johnson was equally involved in Democratic administrations and campaigns.

A Washington Post report describes Fannie Mae's recent encounter with its regulators and Judge Sporkin as follows:

"As Washington donnybrooks go, it doesn't get any bigger than this.
The company, housing lender Fannie Mae, is the biggest in the region, with nearly $1 trillion in assets and gobs of outstanding debt held by pension funds and banks and even foreign central banks, all of which crave its implicit U.S. government guarantee. Its executive suite and board of directors are packed with the politically well connected, while its lobbying muscle is so formidable it has been able to fend off a concerted effort to rein in its growth and profitability by the White House, the Federal Reserve and the Republican leadership on Capitol Hill.

But now Fannie is reeling. A stinging report issued by its once-obscure regulator, the Office of Federal Housing Enterprise Oversight, alleged that top Fannie executives manipulated accounts to inflate and smooth earnings in an effort to boost the stock price and earn big bonuses. The regulator accuses the company of having lax internal controls and insufficient capital to back up its massive financial risk-taking, while ignoring the warning of a whistle-blowing employee no longer on the payroll. The report, prepared by Deloitte & Touche and Stanley Sporkin, a longtime enforcement director at the Securities and Exchange Commission, has now prompted criminal and civil probes by the Justice Department and the SEC."

- From Accusations of Accounting Mae-hem, Washington Post, Sunday, October 3, 2004; Page F02

Do recent actions by the Bush Administration regarding Fannie Mae relate to the current Presidential election and the role of the mortgage and homebuilding industry to campaign fund raising and manipulation of the mortgage markets? When viewed through the lens of "economic warfare," does the recent agreement negotiated between OFHEO and Fannie Mae give Republican interests extraordinary powers to micromanage Fannie Mae and members of the mortgage banking industry for political purposes?

Open Secrets website
An online Guide to the Money in US Elections

Why Fannie Mae's Boss Wants John Kerry to Win
by John Crudele, NY Post, October 5, 2004

<- Return to Table of Contents

Question #6: Is Fannie Mae vulnerable to class action lawsuits?

See:
Shareholder Class Action Filed Against Fannie Mae by the Law Firm of Schiffrin & Barroway, LLP
Press Release: Schiffrin & Barroway, LLP
Thursday September 23, BALA CYNWYD, Pa

Additional Links

Office of Federal Housing Enterprise Oversight (OFHEO) - homepage

Fannie Mae - homepage

Agreement between OFHEO and Fannie Mae, September 27, 2004

Press Archive on Sporkin, Sporkin's Role at Fannie Mae and Fraud
A compilation of articles and links related to Sporkin, his role re: Fannie Mae, and fraud

Fannie Mae – Annual Report & Stock Proxy

Fannie Mae – Stock History


<- Return to Table of Contents


As US Federal District Judge - District of Columbia
Question #1: Why did you lead the persecution of Hamilton Securities?

You were for many years the presiding judge on the Ervin Qui Tam case – a case brought by Ervin, a Ginnie Mae contractor, against Hamilton Securities, the leading firm in Washington in helping to reengineer defaulted mortgages – having designed and led HUD's successful $10 billion mortgage auction program. Why did you extend the seal almost four years, without evidence of any wrong doing, and despite an FBI investigation report and HUD IG audit report finding that there was no evidence of wrong doing? Why did you permit the government to argue contradictory positions: arguing one position in the Bivens case brought by Ervin in open court; and a contradictory position in the Qui Tam case behind the seal? Why did you coach Ervin's attorneys from the bench behind the protection of the seal? Why are critical transcripts of the sealed hearings missing from the records?



The only
mortgage-backed
security that
enjoys the full
faith and credit of the United States
Government


Links – HAMILTON SECURITIES Litigation

Where is the Money? Litigation website
Documentation on the Hamilton Securities Litigation

Fitts Fights Back, by Michael Ruppert, From the Wilderness

Where is the Collateral?
by Chris Sanders, October 2003

So, Where is the Collateral?
by Chris Sanders for Scoop Media, July 2004

On the Money Trail -- The Dangerous World of Catherine Austin Fitts,
by Mari Kane for MetroActive, September 2002

Former Bush Assistant Secretary for HUD Reveals "Ethnic Cleansing" Connected to CIA Drug Dealing in Los Angeles:
Government Spends Millions in Campaign to Silence Former Wall Street Banker, Cover Up Connections to Dark Alliance Stories & CIA Inspector General Report on Drug Trafficking,
Catherine Austin Fitts, From the Wilderness, May 1999

Uri Dowbenko's "Catherine Austin Fitts: Enemy of the State" Series:

HUD Fraud, Spooks and the Slumlords of Harvard
http://www.conspiracydigest.com/bushwhacked.html

DOJ Lies
http://www.conspiracydigest.com/dojlies.html

Redefining the Killer App: AntiTrust and the Real World
http://www.conspiracyplanet.com/review. ... =19&page=1

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Question #2: What role have you played in black budget market manipulation and $59 billion missing from HUD?

As a federal judge overseeing the seizure of the Hamilton Securities computer files and software tools, including "Community Wizard" and extending a four year seal on a qui tam lawsuit targeting, you have played an instrumental role in destroying the regulatory financial controls in the 1990's that could have prevented much of the US mortgage market bubble and manipulations. How do you reconcile your role in creating the US mortgage bubble with your role in helping to bring "financial responsibility" to Fannie Mae?

The persecution of Hamilton Securities and a series of HUD government officials caused a significant drain in critical leadership at HUD. Subsequently, HUD was not able to produce audited financial statements and reported significant undocumentable adjustments, including $17 billion in 1998 and $59 billion in 1999, along with significant increases in mortgage insurance. How would you describe your judicial role in contributing to this explosion of federal mortgage liability and implosion of federal mortgage financial and regulatory controls? Franklin Raines, the CEO of Fannie Mae, was the head of the Office of Management and Budget when these monies went missing from HUD. What was his role?

How would you describe HUD's traditional performance in preventing money laundering in the US mortgage and homebuilding markets?

The Missing Money – links to key articles and government documents on the missing trillions

Report from Money Laundering Alert's 5th International Money Laundering Conference
Fontainbleu Hotel, Miami Beach, Florida
by Catherine Austin Fitts, April 07, 2000

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Question #3: Why did you resign from the bench?

You resigned at the same time that Hamilton's legal documents along with an overview of your management of the Hamilton qui tam and other litigation was launched on the Internet. Also at that time, your role in the alleged falsification of an affadavit related to the conviction of Edwin Paul Wilson attracted media attention (see Ed Wilson's Revenge, FTW 1/00). (This was well before October 2003, when Wilson's conviction was vacated and the Department of Justice announced an investigation into the matter. What if anything, did the Hamilton litigation, and litigation related to the Wilson conviction, have to do with your resignation from the bench?

Links – HAMILTON SECURITIES Litigation

See Links under Question #1

Links – WILSON Litigation

Ed Wilson's Revenge, Michael Ruppert, From The Wilderness, January 2000
"The Biggest CIA Scandal in History Has Its Feet in the Starting Blocks in a Houston Court House"

Opinion on Conviction; United States of America vs. Edwin Paul Wilson
Judge's Opinion, US District Court, Southern District of Texas, October 27, 2003

Inquiry in Case of Arms Dealer, Washington Post, November 2003

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As General Counsel for the CIA

Photo of Olliver North testifying at the Iran Contra HearingsYou are the former General Counsel of the CIA and former head of the Securities and Exchange Enforcement Division, both under William Casey.
Question #1: Did you draft the DOJ-CIA Iran-Contra Memorandum of Understanding?

You were the CIA General Counsel during the Iran Contra period, including at the time that the CIA entered into the now infamous Memorandum of Understanding with the Department of Justice that permitted the CIA to not report narcotics trafficking by CIA assets.

This Memorandum of Understanding between the CIA and DOJ was published as part of the declassified two volume report by the CIA Inspector General confirming the Dark Alliance" allegations regarding CIA complicit narcotics trafficking into South Central Los Angeles.

Crack the CIA Cocaine,
On Line Video by Guerrilla News Network, Winner Sundance Film Festival

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Question #2: Why did you suppress Community Wizard?

In early March 1998, in your capacity as US Federal District Judge, you approved the court takeover of Hamilton Securities office, during which Hamilton's software tools and databases – including their Community Wizard system – were destroyed and/or seized by the court, and related decisions by you ensured that the Department of Justice was able to seize monies owed to Hamilton. The databases, destroyed or removed from the Internet until many years later, included the maps of high defaults on HUD mortgages in areas targeted by alleged CIA narcotics trafficking, including South Central LA.

For example, the following map was generated using Community Wizard, a software system providing communities with important financial information about their place:


South Central Los Angeles
Narco-HUD connection?
(click for larger image & narration)

Place-Based Survey Material, prepared by Hamilton Securities Group
http://www.dunwalke.com/gideon/legal/ba ... /place.htm
including Maps showing high concentrations of mortgage defaults prepared for Hamilton by Edgewood Technology Services

Loan Sale Design Book, prepared by Hamilton Securities Group
http://www.dunwalke.com/gideon/legal/ba ... k/Home.htm

The patterns shown in these maps demonstrate the characteristics of HUD fraud described in recent Soprano TV shows.


In Tony Soprano's mob world,
HUD exists to facilitate embezzlement,
theft, and extortion... fiction, or reality TV?

While Hamilton was locked out of its offices and was overwhelmed by managing the workload related to an effort by government investigators to falsify "evidence" while controlling and trashing Hamilton's offices and systems, in hearings on Volume 1 on March 15th, 1998, CIA Inspector General Hitz disclosed the existence of this secret Memorandum of Understanding between the Bill Casey as CIA Director and then Reagan Attorney General William French-Smith. On October 8th, 1998, the declassified version of Volume II was made public one hour after the House of Representatives voted to conduct an impeachment inquiry on President Clinton and just before House members were compelled to cease all other activity to resolve the budget crisis. Subsequently, several people involved in the negotiations died unexpectedly (reference Snider Quits, paragraph 5).

The narcotics trafficking by CIA during the time in which you were CIA General Counsel were further illuminated by the depositions of Tom and Desiree Ferdinand, son-in-law and daughter of Col. Al Carone, formerly of the CIA, Army and NYPD, filed that year in a lawsuit against the CIA that were maintained under seal until the late 1990's. (D'Ferdinand deposition by attorney Ray Kohlman - Part I, Part II, Part III, Part IV, Part V; Tom Ferdinand deposition by attorney Ray Kohlman - Part I, Part II, Part III.)

Tony Soprano HUD Fraud and Map of South Central Los Angeles HUD Defaults

America's Black Budget & Manipulation Of Markets
Jim Puplava interviews Catherine Austin Fitts, 18 May 2004
on Financial Sense Radio - Transcript / Real Audio / MP3

The Negative Return on Investment Economy – a Discourse on America's Black Budget
by Chris Sanders and Catherine Austin Fitts, June 2004

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Question #3: What was your role with the Mena, Arkansas Iran Contra operation and local HUD agency?

The Sporkin years at the CIA were also illuminated by numerous reports of arms and narcotics trafficking in Mena, Arkansas during Iran Contra and related money laundering through the state housing agency, the Arkansas Development Finance Agency. During this period, Vice President George H. W. Bush was in charge of all US enforcement and intelligence operations through the National Security Council, Oliver North was at the NSC and President Bill Clinton was the Governor of Arkansas, and Senator Hillary Clinton was a partner in a law firm that served Arkansas Development Finance Authority, alleged to have laundered the state share of the profits.

Hostages, by Mike Ruppert

The Crimes of Mena, by Sally Denton & Roger Morris, 7/95

The Boys on the Track, various articles by Mara Leveritt

Gray Money, by Mark Swaney, 1995

Murder, Mayhem and Mystery in Mena, Preston Peet,

The Mystery of the "Lost" Mena Report
Gray Money: the Continued Cover-Up,
by Mark Swaney, The Sierra Times, July 26, 2001

What Really Happened, Mena Archives:

The Clinton Scandals (see Mena sections), Sam Smith's Progressive Review

Narco News Bulletin - Reporting on the Drug War
Al Giordano, Publisher

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Question #4: Is "Slimey Affirm" a code name you used in an off shore account?

In his book Defrauding America, Rodney Stich describes allegations regarding your code name, "Slimey Affirm," for off shore accounts maintaind in connection with Nugen Hand Bank. What has been your practice of maintaining off shore accounts throughout your government and judicial career?

Defrauding America - Forty-Five Years of Drug Trafficking,
Book by Rodney Stich

Drugging America - A Trojan Horse,
Book by Rodney Stich

Press Archive on Sporkin
Articles and links re: Sporkin's Role at Fannie Mae and Fraud,
Including Soprano HUD Fraud and Stitch money laundering allegations

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Question #5: Do you shut down honest businesses to protect government crime and narcotics trafficking?

The Hamilton Securities maps of South Central LA were made by a start-up data servicing company in a low income residential Washington, DC community -- Edgewood Technology Services. Was the bipartisan rejection of Hamilton and Edgewood, and Catherine Austin Fitts' model of building community databanks (such as Community Wizard) and venture capital related to government dependence on narcotics trafficking and money laundering?

The Story of Edgewood Technology Services or How I Lost $100Million
Discovering Who Makes Money Making Sure the Solari Index Does Not Go Up
(Parts I-III) Summer 1999, Republished 2002

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As Director of the SEC Enforcement Division
Question #1: Are US enforcement efforts designed to prevent or promote money laundering?

During your rise to prominence, the US leadership of global money laundering has grown to an estimated $500 billion - $1 trillion a year. Would you say that US enforcement efforts are designed to prevent or promote "dirty money" flows?


Richard Grasso, former Chairman of the NY Stock Exchange,
greeting a Colombian FARC commander

Narco Dollars for Beginners
Catherine Austin Fitts, October 2001 (in 13 Sections)

RJR Takeover Wars—The Next Episode,
Catherine Austin Fitts, November 2002
The European Union Sues RJR Tobacco for Two Decades of Global Money Laundering for Colombian Drug Lords, Russian Mafia, Italian Mafia, Saddam Hussein's Family & New York Real Estate Investors

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Question #2: Is National Security Law used to fraudulently over-issue mortgage securities to fund the "black budget"?

What are the criminal and civil violations involved if a government agency, private corporation and or state housing agency were to over-issue mortgage backed securities or housing bonds reflecting more in financial capital than existed in actual mortgages or homes? Could such violations be overridden by the National Security Act of 1947 and the CIA Act of 1949, which make special provisions for unusual financing arrangements to fund the black budget?

America's Black Budget & Manipulation Of Markets
Jim Puplava interviews Catherine Austin Fitts, 18 May 2004
on Financial Sense Radio - Transcript / Real Audio / MP3

The Negative Return on Investment Economy – a Discourse on America's Black Budget,
by Chris Sanders and Catherine Austin Fitts, June 2004

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[eyeno]

From Saturday, Jan. 21 - The report that said Joe Paterno has died is now being taken back. Meanwhile, Penn State's student-run web site, Onward State, has issued an apology for the report as has CBSSports.com.
But, in all of the confusion, Paterno's health has taken a turn for the worse.

http://www.digitaljournal.com/article/318273

Spokesman: CBS reports that Joe Paterno has died are 'not true'
http://www.statesmanjournal.com/article ... -not-true-

So did he die or not?

[MinM]

Sara Ganim: Graham Spanier, ousted #psu prez, tells me he will be working on a special project for the US government relating national security

http://twitter.com/#!/sganim/status/190214674158059520

Michael Sisak ‏ @cvmikesisak

@sganim are they putting him in charge of keeping secrets? #spanier

http://twitter.com/#!/sganim

Spanier
Claims to fame

* Once known as “Graham the Clown,” performing
for kids at a local daycare center
* Ran with the bulls in Pamplona in 2001, an activity that people are still talking about
* Is a reigning, five-time Penn State co-ed intramural racquetball doubles champion
* Was the opening act for magicians Penn and Teller

.........................................................
Louis Freeh
I did not know... 2010 Board of directors member, National Center for Missing and Exploited Children.
"Freeh is an active member and Board member of the National Center for Missing and Exploited Children, has been a member of the U.S. Naval Academy Foundation and is responsible for launching the Innocent Images National Initiative to protect young children. "

So why didn't you just improve the FBI's handling of missing kids data and trafficking cases while you were in tenure Mr Freeh? (Anyone have data on that?)

Also, WTF John Walsh and WTF with that damn private law enforcement/military data mining shit? It shouldn't be for profit that's how people get framed, they get framed for profit.

So far from this general pastiche I feel like I'm supposed to believe that there are various operators who, even though they serve the secret network, they also secretly have a soft side and feel bad for abused kids? Yeah, right. It's coming down to, what isn't a giant racket anymore?

NNDB(?) says Freeh's a member of Opus Dei

Freeh associates
John D. Behnke
Managing Director
Additionally, John was the lead agent in the investigation of the 1989 murder of Judge Robert Vance of the 11 th Circuit Court of Appeals. After this case was successfully prosecuted, John was awarded the Department of Justice's Dedicated Service Award by President George H.W. Bush for his outstanding leadership, dedication and self-sacrifice.


This is only page 1 of Google. Poor kids.

strong-arming.jpg

[MinM]

Disgraced Former Penn State University President Now Working for U.S. Government in National Security Role
July 29th, 2012

Echos of the Franklin imbroglio.

Via: Washington Post:

Graham Spanier might have been ousted from his post at the helm of Penn State over the sex-abuse scandal that engulfed the university, but it seems he’s found a backup employer: the American taxpayer.

Only a disgraced public figure would consider joining the much-maligned ranks of the federal workforce as a step up, reputation-wise. We can assume there were no openings for a used-car salesman.

Spanier was faulted in an internal Penn State report after the conviction on child-molestation charges of former assistant football coach Jerry Sandusky. The report said he, head coach Joe Paterno and others helped cover up Sandusky’s abuse.

His lawyer confirms to the Loop that Spanier is working on a part-time consulting basis for a “top-secret” agency on national security issues. But the gig is so hush-hush, he couldn’t even tell his attorneys the name of the agency. In April — months after his ouster as president but before the release of the internal report — he told the Patriot-News of central Pennsylvania that he was working on a “special project for the U.S. government relating [to] national security.”

But who’s he working for? The CIA? Homeland Security? Or maybe just a dull consulting firm with a government contract?

“I have no idea,”says his lawyer, Peter Vaira. “We know the work is in security and he’s prohibited from disclosing which agency or agencies he’s working for.”

http://cryptogon.com/?p=30587

http://www.cbsnews.com/video/watch/?id= ... ontentBody