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Originally posted by James23
So what's meant to happen after the "shopping days" date?
Originally posted by titorite
Nobody mentioned the part where the bailouts are part of the money laundering of the 911 profits.
www.foxnews.com...
BUFFALO, N.Y. — An 82-year-old businessman was charged Thursday with running a Ponzi scheme that took in at least $17 million from a clientele gleaned largely through ads in Catholic newspapers.
Richard Piccoli of suburban Buffalo declined to comment after appearing in federal court on a criminal complaint charging him with mail fraud. He was ordered to return Tuesday for arraignment.
He could face up to 20 years in prison and a $250,000 fine if convicted.
The U.S. Securities and Exchange Commission, meanwhile, moved to freeze the assets of Piccoli and his 33-year-old company, Gen-See Capital Corp.
Investigators said Piccoli guaranteed annual returns of 7.1 to 8.3 percent on what he said were investments in discounted real estate mortgages. But rather than invest new clients' money, Piccoli used it to pay earlier investors — while directing about $600,000 to himself and his children, according to court documents.
Authorities have yet to determine how much money might be missing, Assistant U.S. Attorney Gretchen Wylegala said.
The criminal complaint said Piccoli appeared to deliberately target clergy, cemetery funds and other church entities by limiting his advertising to Catholic publications.
How sad it would be if all of the automated info was lost in a terror attack? Chicago is looking creepy
Northern Trust Announces Implementation of Automated Solution for Syndicated Bank Loans
CHICAGO, January 15, 2009 —Northern Trust announced today it has implemented an automated solution to process global syndicated bank loan transactions, providing clients with improved data integrity, increased processing speed and enhanced reporting on these complex and unique debt instruments. Northern Trust's straight-through processing strategy is supported by Markit WSO Services from Markit, which facilitates trade capture, tracking and reporting of syndicated bank loans.
"Markit WSO is the gold standard for syndicated bank loan processing and is the only full outsourcing solution available in the bank loan market," said Art Jablonski, global head, Alternative Asset Servicing at Northern Trust. "Combined with our dedicated team specializing in syndicated bank loans, Markit WSO brings enhanced capabilities to our clients and reinforces our commitment to this important business."
Markit WSO allows for posting principal, interest, or any fees associated with incoming payment wires at the loan level, even if held by multiple accounts having uneven denominations of a loan. Clients and investment managers receive automated reconciliation, documentation and loan maintenance for instruments such as term loans, revolvers, letters of credit, delayed draws and bridge loans. In addition, the incorporation of a more granular level of asset categorization enables more detailed and selective reporting to clients.
"Syndicated bank loans are key components in many portfolio investment strategies, offering a variety of potential benefits," said Judson Baker, Corporate & Institutional Services alternative assets product manager at Northern Trust. "Our solution offers clients greater flexibility to invest in these instruments, by providing accurate trade capture and lifecycle management for global syndicated bank loan processing as part of a full solution that includes timely payments and customized reporting for reconciliations or general reporting requirements."
www.northerntrust.com... ... 1_3892.xml
and the Obama connection just doesn't make me feel any better.
Obama’s Northern Trust connections (Updated)
July 7, 2008 by Procrustes
It has been assumed that Sen. Barack Obama (D-Ill.) had no prior relationship with Northern Trust until it became his mortgage banker for the June 2005 purchase of his Hyde Park townhouse.
It has been suggested that it was convicted political fixer Antoin “Tony” Rezko, Obama’s political patron and personal real estate fairy, who led him to Northern Trust.
Recently, it was pointed out that one of his early political backers, Lester Crown (photo), a board member at Northern Trust, may have been involved in Obama getting his $1.32 million loan.
therealbarackobama.wordpress.com...
They have been here before. They know what they are doing.
Northern Trust Co.
In 1889, Byron L. Smith collected about $1 million from leading Chicago businessmen, including Marshall Field and Philip D. Armour, to start a banking enterprise. Buoyed by the exposure it gained from opening a branch at the 1893 World's Columbian Exposition, the company's deposits grew to $10 million by the mid-1890s. From 1914 to 1963, the bank—which made its home on LaSalle Street in the Loop—was led by Solomon A. Smith, a son of the founder. Unlike many banks, Northern Trust grew during the Great Depression: deposits increased from about $50 million in 1929 to $300 million in 1935. By the beginning of the 1960s, when deposits totaled nearly $1 billion, Northern Trust was Chicago's fourth-largest bank. In 1974, when, after opening a branch in London and expanding to a new building at Wacker and Adams, the bank employed about 3,000 people in the Chicago area, its fortunes were boosted by a new federal law requiring that the assets in corporate benefit and pension funds be overseen by independent custodians. In 1982, it added banking operations in Florida. Despite the bear stock market of the early 2000s, Northern had become Chicago's third-largest bank, with over $1.3 trillion in assets under custody and over 9,300 employees worldwide and almost 6,000 in the Chicago area.
www.encyclopedia.chicagohistory.... ... /2795.html
Check out who is doing the automated work. Markit
Markit was founded in 2001 as the first independent source of credit derivative pricing
www.markit.com...
A lot of info on UGGLA the CFO of Markit.
Markit's worth is something of an open secret in London because about 70 per cent of the firm is owned by 16 of the world's biggest investment banks.
These banks include Goldman Sachs, Merrill Lynch and JPMorgan. The banks are also Markit's customers, keep a close eye on the company's performance and help make a sort of grey market in the company's equity. As a result, Markit's employees, all of whom get shares in the company after one year of employment, have a pretty good idea how much they're worth. Mr. Uggla says about 50 of them are dollar millionaires on paper.
secure.globeadvisor.com...
Originally posted by kenji4861
Are we still on schedule for the "something terrible" to happen on Feb 09. Should I be shorting Dow after we have
our bull run this week?
January 23 2009
(23/01/2009)
Finally..
the big money is starting to flow
(best not to get side-tracked with Thain’s small-money diversion)
thread181745
Posted by shot messenger
November 9, 2005
moot all the way around. gold and silver won't mean a thing soon.
that nwo you all like to talk about is into depopulation by 1/3 to 1/2. thats 2 or 3 billion folks that are going to have to bite the dust. how?
well, there is an iluminati company [ did i say that?] called Vivendi. They control almost all the worlds fresh and waste water drinking systems. In america they are called US FILTER. sounds american but it isn't.
now, how do you suppose they are going to eliminate 2 or 3 billion folks in one day? yeah, the water, we all drink it or brush our teeth with it.
revelation talks about how in the end days that the first thing that will happen is that the water will be turned to blood [ unfit to drink-lethal.]
then we are going cashless. work for debits. cool huh?
Originally posted by justyc
hehe - anyone recognise this?...
steelrat found it here - link
[edit on 15-1-2009 by justyc]
Originally posted by justyc
Originally posted by James23
So what's meant to happen after the "shopping days" date?
the shopping days are how many days are left till the legatus meeting, where the money is laundered and shortly after, a major business will collapse, as has happened after all the other legatus pilgrimages.
there appears to be only one legatus pilgrimage this year and there are an awful lot of companies based in bermuda - and notably many insurance companies. it could be more than one company they go for this time - it might possibly mean the collapse of the insurance market.