How many Massachusetts state-level pols/Clinton backers received $$$ from State Street Bank?

[CorpGovActivist]

http://www.mass.gov/ocpf/">The Massachusetts Office of Campaign and Political Finance is an invaluable resource for the Obama camp.

Why?

Cross-reference the Massachusetts state-level pols who backed Clinton, with the money these pols received from State Street Bank. State Street is at the epicenter of the sub-prime mortgage crisis.

http://www.google.com/search?hl=en&q=state+street+cdo">State Street's collateralized debt obligations are continuing to make headlines

http://www.google.com/search?hl=en&q=state+street+%22special+investment+vehicle%22">Ditto their involvement in so-called 'special investment vehicles'

Also worth examining: how many of these Beacon Hill hacks have siblings and spouses working at State Street in key capacities, and how many of these Mass. pols are themselves former State Street execs.

- Dave

[Name removed]

1. Deleted message

Message removed by moderator. Click here to review the message board rules.

[CorpGovActivist]

3. You did see the NY Sun article, right? The one listing donors?

[CorpGovActivist]

5. PMed you the link to the NY Sun article, for your education, benefit, and edification n/t

[Name removed]

6. Deleted message

Message removed by moderator. Click here to review the message board rules.

[CorpGovActivist]

7. I think you should speak for yourself only.

And take control of your own fingers, as you don't control mine.

- Dave

[CorpGovActivist]

23. "Now STFU." It's effective message-making like that that lost her DC. n/t

[CorpGovActivist]

30. .

[sandnsea]

2. Terry McAuliffe

Didn't he have some sort of connection to a finance firm, made lots of money, some nefarious thing or other. ???

[CorpGovActivist]

4. Oh, Terry is pristine. Nothing there at all.

; )

[sandnsea]

16. Check out this article from 2001

Makes me want to scream.

http://query.nytimes.com/gst/fullpage.html?res=9D07E2DE163EF937A35757C0A9679C8B63

[CorpGovActivist]

17. Yup. Check out: STATE STREET BANK AND TRUST COMPANY VOLUNTARY POLITICAL ACTION COMMMITTEE...

... and the banking industry conduit PACs they give to, as well.

http://query.nictusa.com/cgi-bin/com_detail/C00072751/">State Street PAC main page.

http://query.nictusa.com/cgi-bin/com_supopp/C00072751/">Pay careful, careful attention to the banking industry PACs they funnel money to, and follow the money to the Clintons.

- Dave

[CorpGovActivist]

20. Mac McLarty...financial guru, right?

:eyes:

[Zynx]

8. State Street is a minor player in the mortgage crisis compared to most of these

firms. The Wall Street investment banks, Washington Mutual, Citigroup(both its investment banking and commercial banking arms), and a host of regional banks have had more to do with it.

[CorpGovActivist]

9. Who runs the conduits? n/t

[Zynx]

10. I'm far more concerned about the originators than the technocrats.

No Wall Street analyst worth their salt puts State Street at the scene of the crime.

[CorpGovActivist]

11. CitiStreet LLC n/t

[Zynx]

13. I've read all the articles pertaining to State Street's involvement.

Every financial institution of virtually any size has been involved in this one way or another, including large asset managers, of which State Street is one of the largest. The amounts involved in State Street's funds are not particularly significant compared to the overall scale of the problem. To pinpoint them as the company at "the epicenter" of this crisis is disingenuous at best.

[CorpGovActivist]

14. Their proxy statement will be out within 4 weeks. Stay tuned. Especially given...

... the new FASB rules.

- Dave

[CorpGovActivist]

15. Oh, and don't even try to spin this offering of $500M in bonds at 8.25%...

... as anything other than sheer desperation on STT's part:
http://www.sec.gov/Archives/edgar/data/93751/000104746908000385/a2182081z424b2.htm

Done last month, in a desperate attempt to backfill before the annual meeting.

- Dave

[CorpGovActivist]

12. "No Wall Street analyst worth their salt puts State Street at the scene of the crime."

That's a laugh.

A right big belly laugh.

http://www.google.com/search?hl=en&q=%22state+street%22+enron+chao+scalia">State Street was the go-to bank for Elaine Chao and Eugene Scalia, in the mad scramble to contain the Enron Crisis.

You must be joking.

- Dave

[AntiFascist]

21. Hmmm, the Corporation?

I found this on the internets:

Within the Corporation is its economic arm. The companies -- State Street Corporation has over $6T under its control. Baclays, the Enlish firm, and FMR another Boston firm compose the other major economic segments of "the Corporation".

Within State Street is a company called "Advanced Information Technology".

...

The input informational data gathered by Promis is used within this model.

...

People, State Street Corporation alone controls more money than the national debt.




According to this MIT/Sloan document, State Street is a sponsor of CISR. What is the company - "Advanced Information Technology and Planning" cited in a quote about Compaq acquiring DEC (one of the first systems to implement Promis).


http://web.mit.edu/cisr/working%20papers/cisrwp312.pdf

[CorpGovActivist]

22. Look up State Street's role in DTCC n/t

[AntiFascist]

24. Robert Kaplan is on the Board of Directors for DTCC..

http://www.dtcc.com/about/governance/bio_kaplan.php

ROBERT (BOB) KAPLAN is Executive Vice President and head of State Street Global Services, overseeing the daily processing of all cash-and securities-related activities worldwide. Mr. Kaplan serves as a member of State Street's Executive Management Group, Operating Council, Major Risk Committee, and he is President of State Street Bank & Trust Company, N.A. Mr. Kaplan has been with State Street for more than 20 years and has held a variety of management positions. From May 1993 through June 2001, he worked in the Toronto office where his responsibilities included offshore and Canadian mutual funds. In 1997, he was named Chief Operating Officer for Investor Services Canada. Then, between July 2001 and February 2003, Mr. Kaplan played a crucial role in global business development, where his responsibilities included strategic acquisitions, joint ventures and large, multinational outsourcing opportunities.

Mr. Kaplan is a director on the boards of Omgeo, Syntel Solutions (Mauritius) Limited, and Syntel Sourcing Private Limited, Mumbai.


and I found this:

http://www.thesanitycheck.com/Blogs/BlogArchive/tabid/101/EntryID/487/Default.aspx

Speaking of obfuscation and twisting of figures and logic, if you really want to understand how conniving the DTCC (which is owned by the brokers and has every reason to distort the numbers to try to make this all seem small) actually is, read Dr. Susanne Trimbath's comment letter to the SEC - she worked at the DTC for years, and is an internationally acknowledged expert on the problem - she was hired to set up the Russian stock market a few years ago. Or read Robert Shapiro's letter to the SEC - he was the Undersecretary of Commerce for Clinton. Or Wayne Kleine, the Securities Regulator for Utah. Or one of the most comprehensive and ugly indictments of the system, from NASAA - the North American Securities Administrators Association.

In closing, it isn't that the information isn't available from reputable sources to understand the problem. Most just don't want to believe the conclusions that are inevitable from studying the data. And an entire industry is devoted to keeping the problem under wraps. If the average Joe got it, there would be rioting on Wall Street. Fortunately for those robbing the country, the average Joe knows what he knows, and isn't about to put any energy into knowing anything more, or anything different.

--
Date: 2002/08/17 04:39
From: The Webfairy <[e-mail]>
To: [e-mail]


--------------------------------------------------------------------------------

-------- Original Message --------
From: [e-mail]
Subject: DTCC (they're EVIL too)
To: [e-mail]

The Depository Trust & Clearing Corporation is the largest financial services post-trade infrastructure in the world, with operating facilities in multiple locations in the U.S. and overseas. DTCC is the holding company for six subsidiary businesses a depository and five clearing corporations, as well as the global joint venture with Thomson Financial (called Omgeo).

Through its subsidiaries, DTCC provides clearance, settlement and information services for virtually all equity, corporate debt, municipal debt, government securities, mortgage-backed securities, and emerging market sovereign debt trades in the U.S., totaling more than $1.7 trillion daily. It is also a leading clearinghouse for mutual funds and insurance products, linking funds and carriers with distribution networks. In addition, DTCC provides custody and asset servicing for more than two million securities issues from the U.S. and 84 other countries, worth about $23 trillion.

[CorpGovActivist]

25. State Street has had a permanent seat on DTCC, and is one of its few - VERY few...

... shareholders.

http://www.google.com/search?hl=en&q=dtcc+naked+short+selling">Naked short-selling

http://www.google.com/search?hl=en&q=dtcc+counterfeiting+shares">Counterfeiting shares

http://www.google.com/search?hl=en&q=dtcc+paper+crisis">Created to solve the "paperwork crisis" in the 60s

But the clearinghouse is how black ops are funded. Pretty much an open secret nowadays, and a relic of the Cold War.

- Dave

[CorpGovActivist]

26. Look into DTCC's Federal Government-granted monopoly ...

... and the history of the intel community's involvement therein.

- Dave

[AntiFascist]

27. This is really fascinating...

I'd like to see more about the role of Promis software or one of its derivatives being used in these transactions. It could make it easy to coverup money laundering or the siphoning off of funds for black ops. With $trillions in transactions EVERY DAY, a few $billion here or there every month might go unnoticed.

On edit: oh, not to mention the potential for market manipulation.

[CorpGovActivist]

28. This is the real reason why decimalization was fought. The spread was smaller. n/t

[CorpGovActivist]

29. Check into how many Intel Agencies' heads...

... had spouses, siblings, children, or selves on DTCC's governing boards over the years.

- Dave

[seaglass]

18. Ever heard of Ameriquest? You have more research to do. n/t

[CorpGovActivist]

19. Yup, I've heard of them. It's a fun little oligarchy.

But STT is a key player within the innermost circle.

- Dave