attn DrDebug ..... do you have any more info on TIAA's role

[bobbieinok]

in mortage on building 7???

From onlinejournal article

According to Michel Chossudovsky in Financial Bonanza behind the 9/11 Tragedy, “On October 17, 2000, eleven months before 9/11, Blackstone Real Estate Advisors, of The Blackstone Group, L.P, purchased, from Teachers Insurance and Annuity Association, the participating mortgage secured by World Trade Center, Building 7.1.”

[DrDebug]

1. TIAA and WTC

TIAA was the original mortgage owner.

The excerpt comes from:
http://www.globalresearch.ca/articles/CHO403B.html which indicates that the original source was Business Wire, October 7, 2000.

Press Release by Blackstone Group:

New York, NY – October 17, 2000: Blackstone Real Estate Advisors, the global real estate investment and management arm of The Blackstone Group, L.P., announced today that it has purchased, from Teachers Insurance and Annuity Association, the participating mortgage secured by 7 World Trade Center, a commercial office complex controlled by real estate developer Larry Silverstein.

(...)

Steve Galiotos, a Managing Director of The Blackstone Group, said, “Rising rental rates coupled with the lack of available office space in downtown Manhattan, made 7 World Trade Center an attractive investment opportunity for Blackstone. We are pleased to be a lender to Larry Silverstein, a seasoned real estate veteran, on one of Manhattan’s trophy properties.” 7 World Trade Center is the second investment made by Blackstone in a Silverstein office building. In April 2000, Blackstone formed a joint venture with Larry Silverstein and Walton Street Capital to own and operate the Equitable Building at 120 Broadway in downtown Manhattan.

http://www.blackstone.com/news/press_releases/7_world_trade_oct_2000.pdf

TIAA history (Carnegie Foundation of course. As you might know Carnegie Foundation is PNAC, Bilderberg and many other top elite clubs)

With $15 million, the Carnegie Foundation for the Advancement of Teaching in 1905 founded the Teachers Insurance and Annuity Association (TIAA) in New York City to provide retirement benefits and other forms of financial security to educators. When Carnegie's original endowment was found to be insufficient, another $1 million reorganized the fund into a defined- contribution plan in 1918. TIAA was the first portable pension plan, letting participants change employers without losing benefits and offering a fixed annuity. The fund required infusions of Carnegie cash until 1947.

http://web.archive.org/web/20030811125405/http://burningbush.netfirms.com/TIAA-CREF.html

Originally, when Mr. Silverstein developed the property in the 1980s, $449.4 million in debt was provided by Teachers Insurance and Annuity Association. In 2000, Blackstone bought the debt from TIAA, financing the purchase by selling $383 million in bonds in a private placement that was lead managed by Banc of America Securities LLC.

- Wall Street Journal (07/10/02) (no longer online)

From: http://thewebfairy.com/killtown/wtc7/pullit.html

Blackstone and TIAA (and SEC / Federal Reserve) were already working with one-another prior to the WTC deal drafting the standards for their own oversight:

The slow deliberation by Congress and the SEC has left a vacuum for reformers, and private groups are filling that hole. Last week the Conference Board, a nonprofit group of corporate executives, announced it had formed a committee to draft standards for corporate governance and auditing. The group, cochaired by Blackstone Group Chairman Pete Peterson, will include Intel Chairman Andrew Grove, former Federal Reserve Chairman Paul Volcker, former SEC Chairman Arthur Levitt, and John Biggs, CEO of teachers pension fund giant TIAA-CREF.

http://www.usnews.com/usnews/biztech/articles/020701/1sec.htm

Bank of America reportedly holds the loan on 7 World Trade Center.
http://www.mbaa.org/reft/stories/0136wtc.htm

The links between Blackstone, CIA, AIG, Carlyle Group, and Henry Kissinger:

One of two founders of The Blackstone Group in 1985, headquartered in New York. Blackstone, a leading global investment and advisory group, has a strategic partnership with Kissinger Associates (of Pilgrims Society and Le Cercle member Henry Kissinger) and AIG. AIG has an ownership interest in Blackstone.

In 2000, Henry Kissinger was quoted by Business Wire: "Hank Greenberg, Pete Peterson and I have been close friends and business associates for decades." 2001, Uri Dowbenko interview with Al Martin, 'The Man Who Knows Too Much': "They're an asset of the agency . They're not a cut-out. They're just one of the legion of financial companies, mostly domiciled in Washington or northern Virginia, which the CIA turns to, on occasion, to launder money, or for some other illegal purpose...

They had been involved with their Blackstone Investment Group, and they have other partners, originally Assistant Deputy Secretary of Defense Richard Stilwell, the son of the famous General Stilwell. Stilwell himself was a retired Major General. Stilwell was also very close to Armitage, Carlucci, and Pete Peterson...

The Carlyle Group, which is Frank Carlucci, and the Blackstone Investment Group are virtually one and the same.

http://home.planet.nl/~reijd050/organisations/introduction/PEHI_Pete_Peterson_bio.htm

[bobbieinok]

2. thanks ... TIAA-CREF is the best US pension plan , so this info is a bit

weird/scary/?

Once you can get into TIAA-CREF (originally for faculty and staff at the university/college level, but now expanded), you can stay in it if you change academic jobs or get out of academia completely. It enabled my dad, a univ prof with fair pay who retired in 1975, to completely pay for 3 college educations and leave a significant amount to my mom. (Of course, he and my mom stayed in the same house they bought in 1950 and didn't spend a lot on themselves; they defined for me the generation that came of age during the depression.)

[DrDebug]

3. I don't see any real wrong doing for TIAA

It is clear that the Blackstone Group and TIAA knew one-another when they created their own oversight. Because TIAA was derived from Carnegie, it means that they have contacts at the top. In this case Salomon Smith Barney (Citigroup) wanted a new office and TIAA financed it because they have fast fortunes.

I think it is clear that the building was not build to destroy, because it wasn't until 1999 that they designated WTC7 as the command center (OEM) for the attacks and therefore needed to destroy it afterwards and it had to be transfered to an intelligence asset*. It is unclear when the intelligence agencies/fronts (Secret Service, ITT, SEC) moved into WTC7. That probably later as well and not during the initial construction.

In this case it is the Blackstone Group who acted weird because they suddenly grabbed the mortgage, and that's a group with contacts everywhere. Blackstone Group is what the Reid said in the biography of Peter G. Peterson, it is identical to the Carlyle group. The difference is that the Carlyle Group is military and tends to be generals, presidents and prime-ministers, and the Blackstone Group is the corporate equivalent and is mainly concerned with banks, insurance companies, etc.

The Carlyle Group, which is Frank Carlucci, and the Blackstone Investment Group are virtually one and the same. Two different names, but they are virtually the same organization. All they do is ride the crest of the waves of various frauds from country to country.

http://home.planet.nl/~reijd050/organisations/introduction/PEHI_Pete_Peterson_bio.htm

Note on edit:
* It is more likely a front for Le Cercle and not the CIA, because Pete Peterson, Henry Kissinger, Hank Greenberg, Paul Bremer are Le Cercle. Le Cercle is the international intelligence organization and is completely clandestine, ie. no government has ever approved of them; they simply made themselves.

[bobbieinok]

4. thanks ---- do you think WTC 7 'had' to be taken out b/c of all the

documents there????

Your initial post in the thread where I found the TIAA reference certainly contained info that implied this could be the case. As I recall, neither you nor the source stated explicitly that it had to be destroyed.

Do I recall correctly that many of the documents regarding JFK's assassination were stored there and therefore destroyed?? I think I read that many surprising things were stored there and therefore lost.

[DrDebug]

5. WTC7 was probably Command Center for the attacks

From my journal:

Jerome Hauer worked in 1999 at the SAIC's Center for Counterterrorism Technology and Analysis. One of his task was the design of the Office of Emergency Management, an emergency command center, which Rudy Giuliani wanted to have build on the 23rd floor of 7 World Trade Center (WTC7). Even though everybody around Rudy Giuliani and Jerome Hauer ridiculed the "bunker" on the 23rd floor, the decision was made to build it.

Since this office has never been used for its intented purpose and a different command center was established and used at Pier 92, there is reason to believe that the Office of Emergency Management was used to coordinate the World Trade Center attacks since it could withstand anything and had a perfect view on both the towers and the area around World Trade Center. There is no better place and safer place to coordinate World Trade Center than the Office of Emergency Management.

http://journals.democraticunderground.com/DrDebug

Lengthier analysis here: http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=125&topic_id=97281&mesg_id=97576

The bonus was that WTC7 was used to store many scandals. Enron, WorldCom, Global Crossing, etc., they simply piled corporate scandals upon corporate scandals and "filed" it into WTC7. That was the bonus, so many ongoing investigations suddenly lost the majority of evidence.

[Nozebro]

6. With so many convictions of senior executives, wherdy go a problemo?

Dr. Debug said: "The bonus was that WTC7 was used to store many scandals. Enron, WorldCom, Global Crossing, etc., they simply piled corporate scandals upon corporate scandals and "filed" it into WTC7."


It isn't clear what implication you want us to draw from the above statement. Please explain.

[DrDebug]

7. Destruction of evidence in major scandals

Most evidence in those scandals was stored in WTC7. Especially the SEC specifically used that building to store all the evidence. All that evidence is gone, so the picture which we have of Enron and WorldCom is just the small piece which is left or which was already discovered. The big pieces have been shipped to China after 9/11

[Nozebro]

8. ALL of the key executives at Enron were convicted. B. Ebbers just checked

into the Graybar Hotel the other day to begin his "rehab" -- so, even without "all the evidence", most of the major corporate criminals in the co's you mentioned got what they deserved, except for stiffer sentences and being remanded to state penitentiaries rather than "country club" facilities for the rich.

[DrDebug]

9. It makes a lot of difference. The full scale is now unknown

From what we know from Enron is that it was a massive scam, and we have only seen part of it. The true extend of WorldCom is pretty much unknown, because they wanted to merge with Sprint as well, however DoJ objected because it would create a monopoly and after that objection you have Worldcom fall to pieces. There was a lot more to WorldCom than what is known.

The point is that Enron, WorldCom and Global Crossing were not unique, and quite a number of those large corporations have the same blue print as Enron and WorldCom, however by destroying the evidence it is unknown, thus keeping the secret behind how those massive corporations are structured, and that a lot more are basically thin air.

[ediedidcare]

10. excuse me for lack of focus on this but...

David Hawkins ( st911 scholar) has reported on the connections from Canada (war games) and a teacher's pension used to finance the operation-
sorry for the scatter shot but that popped into my head when I read "pension" and "teacher"

just wondering...