2009 November Archive at The Catherine Austin Fitts Blog

Archive for November, 2009

State Individual Income Tax Rates - 2009

Catherine and News & Commentary,

November 30, 2009 at 8:11 pm

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Short Selling American Lives

Catherine and News & Commentary,

November 30, 2009 at 10:11 am

By Anne Seith

Two Deutsche Bank funds were designed to profit from premature deaths in the US by buying up life insurance policies. But investors have seen precious little return on their investment. Angry customers are accusing the bank of fraud.

Gerhard Strate, a well-respected lawyer based in Hamburg, has seen a lot of things over the years. But he still has a hard time believing the story of the Deutsche Bank funds db Kompass Life 1 and 2, calling it “unbelievable” and “absurd.” The closed-end funds buy life insurance policies from Americans and assume responsibility for paying their future premiums. When the original policy-holder dies, the entire payout goes to the fund. It is like short-selling US life expectancy.

Continue reading Deutsche Bank Life Insurance Fund in Hot Water

AIG in Kentucky

Catherine and News & Commentary,

November 30, 2009 at 10:11 am

By Yasha levine

Thanks to AIG, some of the poorest residents of rural Kentucky learned you can always be made poorer by corporate villains.

What are we getting in return for the bailout? So far, predatory credit card rates, exorbitant bank fees and obscene Wall Street bonuses. But we’re being robbed in other, sneakier ways, too. It seems that taxpayers in the poorest, most vulnerable parts of the county are getting plundered by the same institutions they bailed out. One example is AIG’s underhanded fleecing of residents of rural Kentucky.

Continue reading Bailed-Out AIG Forcing Poor to Choose Between Running Water and Food

Update:

Report Cites $11 Billion Shortfall in A.I.G. Business
The New York Times (30 Nov 09)

Judge Spinner, You Rock!

Catherine and News & Commentary,

November 30, 2009 at 10:11 am

By Kieran Crowley, Rich Wilner and Dan Mangan

A Long Island couple is home free after an outraged judge gave them an amazing Thanksgiving present — canceling their debt to ruthless bankers trying to toss them out on the street.

Suffolk Judge Jeffrey Spinner wiped out $525,000 in mortgage payments demanded by a California bank, blasting its “harsh, repugnant, shocking and repulsive” acts.

The bombshell decision leaves Diane Yano-Horoski and her husband, Greg Horoski, owing absolutely no money on their ranch house in East Patchogue.

Continue reading Judge Blasts Bad Bank, Erases 525G Debt

Paulson Likes Gold

Catherine and News & Commentary,

November 30, 2009 at 9:11 am

By Joshua M Brown

Continue reading John Paulson Likes Gold…More Than a Friend

Quote du Jour

Catherine and Daily Musings,

November 30, 2009 at 9:11 am

Whoever controls space, therefore, will control the world’s oceans. Whoever controls the oceans will control the patterns of global commerce. Whoever controls the patterns of global commerce will be the wealthiest power in the world. Whoever is the wealthiest power in the world will be able to control space.

George and Meridith Friedman, The Future of War, 1996

WikiLeaks Leaks 9/11 Pager Intercepts

Catherine and News & Commentary,

November 30, 2009 at 9:11 am

WikiLeaks releases 573.000 pager intercepts from 9/11 2001.

From 3AM on Wednesday November 25, 2009, until 3AM the following day (US east coast time), WikiLeaks will release over half a million US national text pager intercepts.

The intercepts cover a 24 hour period surrounding the September 11, 2001 attacks in New York and Washington.

To foster a deeper understanding, the messages will be released to the global community “live”. That is, the first message, corresponding to 3AM September 11, 2001, five hours before the first attack, will be released at 3AM November 25, 2009 and the last, corresponding to 3AM September 12, 2001 at 3AM November 26, 2009.

To follow the release, please visit .