MERKIN'S CAYMAN ISLAND HEDGE FUND Merkin was feeding funds to Madoff via 1) Ariel Fund, based in the Cayman Islands (an infamous money laundering haven--a partnership between Merkin and London's Fortis Bank), (2) Ascot Partners, (3) general partner of Gabriel Capital LP, a $5 billion family of hedge funds, and, (4) managing partner of Gotham Capital.
FEDERAL RESERVE A FACTOR IN BAILOUTS AND SWINDLES? Madoff swindled $65B and had financial connections to bailouts J Ezra Merkin and Stephen Fineberg (auto industry). Could mean the bailed out connivers were stealing Federal Reserve insider info.
Fineberg tapped ex-Treasury Secy John Snow to head Cerebrus. Knowing Federal Reserves moves in advance would make zillions for the thieves...........on top of the billions they were swilling elsewere. These termites were running rampant over the US government---Merkin and Feinberg's auto companies received billions in govt bailouts.
BAILOUT SWILLERS Federal Reserve's Bernanke, Treasury Secy Paulson, GMAC's J. Ezra Merkin---salivating to divvy up the taxpayers' billions. Americans have not yet learned the full extent of official corruption, thievery, schemes and scams involving $TRILLIONS of tax dollars aided and abetted by the dupes on Capitol Hill.
TIMELINE On October 19, 2006, John W. Snow, Secretary of the Treasury under George H.W. Bush, was named head of Stephen A. Fineberg's bailed out company---Cerebrus. Feinberg's IAP also serves a broad array of federal clients including the US DOD, NASA, the US Geological Survey, the US Agency for International Development, the IRS and a variety of other federal agencies.
BAILOUT SWILLERS Stephen A. Fineberg's private equity firm---Cerberus Capital Management LP--- also owns Chrysler Motors. The US Treasury bought a $5 billion stake in GMAC, and lent $1 billion to GM. This latest loan is IN ADDITION to the $13.4 billion the US Treasury lent earlier to J Ezra Merkin's GM, and Fineberg's Chrysler.
SWILLING TIMELINE In 2006, GM sold 51% of Merkin's GMAC to Feinberg's private equity firm Cerberus Capital Management LP (which also owns Chrysler).
HOGGING AT THE PUBLIC TROUGH In May 2004, Feinberg's "private investment group," Cerberus Capital Management, LP (Cerebrus is the three-headed dog that guards Hades), became majority owner of IAP Worldwide Services, Inc, one of the US Army’s largest contractors in Iraq. In Afghanistan, Feinberg's IAP runs a drug/addiction center" in Kunduz---Kunduz is the largest opium supplier in the world. BUSY LITTLE BEAVER IAP also provides infrastructure support for the British Ministry of Defence in Kandahar....apart from supporting the US Army in Basra.
Chrysler/Cerebrus’ Fineberg and GMAC/ Merkin-----co-own an Israeli bank-----debark from anywhere in the world, deposit a suitcase full of case and nobody asks where your got it, or if taxes were paid on it. Stash all the loot you can carry ......out of sight of the IRS and US banking laws.
