Around the world Pension funds are being exposed as. In 2002 a named Ira Bing took place on the first board of Guardians of a new founded Sovereign Wealth fund we now call “the Cullen fund”.
He stayed on the board of the Cullen fund until 2005. According toit was in 2002 especially that several investment banks started to sell their crap to sovereign wealth funds all over the world and make no mistake Merrill Lynch was one of the biggest players in that market:
Around 2002 in particular, various investment banks offered complex financial products with which governments could push part of their liabilities into the future
Merrill Lynch ended up puttingof faulty and fraudulent Derivatives on the taxpayers of America’s shoulders. In September 2008 just before his election as New Zealand’s Prime Minister John Key visited his former bosses who told him the extend of the losses.
The last couple of weeks the news of wide spread manipulation of the LIBOR rates has appeared in the mainstream news. It appears the have been held artificially low since 2008 starving sovereign wealth funds from the interest and return on their investments.
Our Prime Minister knows how important the LIBOR is (Our own currency is pegged at the LIBOR rate) forand we have yet to hear a single comment on the issue.
I think its time the serious fraud squad takes a look at what is easily the most heinous financial crime against humanity ever and what role our Prime Minister is playing in the New Zealand connection.
You think that is far fetched? The Icelandic Prime Minister who was in no way involved in any banking adventures was convicted of gross negligence in the aftermath of the Icelandic banking collapse and there is ainvolved in the collapse and this week three Irish bankers involved in has been arrested.
One banker who was once heralded as a hero for enabling the greatest bubble in Ireland, a bubble John Key has been very involved in when he moved the bonds and Derivatives department of Merrill Lynch.
I’m not joking here!