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Epstein helped Bear Sterns hide Toxic Assets and then got a Bailout
Epstein helped Bear Sterns hide Toxic Assets and then got a Bailout
by Ryan Dawson
Epstein set up an SIV called Liquid Funding Ldt, in Bermuda to hide debts for Bear Sterns and it issued commercial paper that ended up in common money markets after getting AAA ratings and Tier 1 status. Because they bribed ratings agencies.
www.Counters-Free.net
Bear Sterns set up Bear Sterns Ireland Limited to get around US regulations, and had it create Liquid Funding Ltd, 40% of that was financed by Jeff Epstein. Then it issued commercial paper that ended up in market funds from Dreyfus, Frank Russel and JPMorgan. The FCIC ( Financial Crisis Inquiry Commission) report explained that the Federal Reserve Bank of New York had created a Special Purpose Vehicle called Maiden Lane LLC that used proceeds from a $28.82 billion senior loan from the New York Fed and a $1.2 billion loan from JPMorgan Chase to purchase approximately $30 billion of Bear Stearns’ toxic assets on which JPMorgan Chase wanted the Fed to bear the brunt of any losses.
That is 25 times more than what JPMorgan put it in! and basically coming from newly created money that would create spread damage via inflation.
What about the other 60%?
If is is similar to Epstein then the investors were just using their own money to temporarily float it as they are just buying from themselves really to move debt obligations around and ultimately everyone would get bailed out. Everyone but the common consumer and anyone investing in the tainted money market funds. See here for that tangled web of crooks and shysters. 
From my book which I hope you are reading.
“In plain English, this refers to a fund usually offshore, which an investment bank creates to hide its official financial obligations. For example, if an investment bank issues a hundred million dollars worth of mortgages to homeowners, it may then create a hundred million dollars worth of IOUs and sell them to a SIV (IOUs on mortgages are called mortgage- backed securities). The SIV buys the mortgage- backed securities with cash and, because they count as a separate company, the obligation on the debt is not recorded on the balance sheet of the parent investment bank.
Here’s the major problem, though: in order to buy the bonds (the IOUs), the SIV simply sells its own bonds by issuing commercial paper: a promissory note that has to be repaid quickly after a set number of days; usually no more than nine months at maximum. They normally carry high interest rates and can only be created by corporations with excellent credit ratings, such as Citigroup, the inventor of SIVs, and the single largest beneficiary of the bailout from the Federal Reserve. Citigroup, along with Bank of America, was also the most deeply involved in the predatory lending scheme.”
The GOA Audit reveled more
“At the end of each quarter, Bear would lower its leverage ratio by selling assets, only to buy them back at the beginning of the next quarter. Bear and other firms booked these transactions as sales—even though the assets didn’t stay off the balance sheet for long—in order to reduce the amount of the company’s assets and lower its leverage ratio. Bear’s former treasurer Upton called the move ‘window dressing’ and said it ensured that creditors and rating agencies were happy. Bear’s public filings reflected this, to some degree: for example, its 2007 annual report said the balance sheet was approximately 12% lower than the average month-end balance over the previous twelve months.”
And yet they report that all of Liquid Funding Ldt was paid in April yet the JPMorgan Case fire sell buy out comes in May! So who bought up those assets? Well if it is similar to the Hoffenberg Scandal of which Epstein was a partner, then Epstein is acting as a middle man for a state (Israel duh) to launder money and monopolize financials via selective government bailouts. The Kushners did a very similar scheme through the Port Authority (which grant lucrative Real Estate contracts in NY and NJ) and is chaired by AIPAC’s former president. They would get Foreign State backing to do buy outs and bribes then award themselves the US state contracts and make tons of money. The revenuw would be used to buy influence and rinse and repeat.
I have no where to get this information out. I was banned on YouTube Yesterday (again) until October 20th my YouTube had 50k followers, plus I made a video cause I’m dyslexic AF. and now I guess I’ll put it on Bitchute. This class of guys is THE donor class to AIPAC and this is HOW they have so much influence over congress which is why we have the backwards foreign policy that we do. Every speech I hear starts in the middle with AIPAC intimidating and bribing congress. The only one that went to the financing of AIPAC was that Al Jazerra Doc which was leaked, but it just showed credit card bundling but not by whom. Israel also acts as a safe haven when and if they are caught.
Well well well, Jame e Staley a corporate officer of JPMorgan Chase, according to logs, was visiting Jeff Epstein at his Florida residence while Epstein was or “work release” from prison and after knowing he was a sex offender and having sex with children.
