Tag Archives: Fannie Mae

A Small World After All: from Fannie Mae to 9/11

by DAVID BROWN | CLEARNFO.com | April 7, 2015

Robert Kagan (CFR)

Robert Kagan (CFR)

The Project for the New American Century (PNAC) was founded in 1997 by William Kristol and CFR member  Robert Kagan. It was disbanded in 2006. Robert Kagan is married to Victoria Nuland the current Assistant Secretary of State for European and Eurasian Affairs at the United States Department of State. She is the one –you might recall– who was caught on the phone planning the replacement government in Kiev after the US-backed coup in Ukraine in February, 2014. The media dutifully focused all attention on Victoria’s “F**k the EU” comment and ignored the important fact that it was the USA who was behind the Ukrainian coup  as this tape clearly shows.

BTW, prior to the February 2014 over-throw of the democratically elected government in Ukraine, the CIA had spent $5 billion to foment unrest in Ukraine to facilitate this putsch in Kiev. This tinkering by the Nuland gang, has cost the lives of thousands of innocent, Russian-speaking men, women and children in the Donbass area of Ukraine.

Now back to Victoria’s husband’s project called PNAC: Notice this interesting quote from PNAC prior to 9/11:… the transformation of American armed forces through “new technologies and operational concepts” was likely to be a long one, “absent some catastrophic and catalyzing event – like a new Pearl Harbor.[emphasis mine]   Of the twenty-five people who signed the PNAC’s founding statement of principles, ten went on to serve in the administration of U.S. President George W. Bush, including Dick Cheney, Donald Rumsfeld, and Paul Wolfowitz. Notice that PNAC expresses a need for a new Pearl Harbor. The obvious question is: Was 9/11 their ‘New Pearl Harbor’?

In the November/December 1998 edition of the CFR’s magazine called Foreign Affairs, you will notice numerous references to CIA-backed Usama bin Ladin, Catastrophic Terrorism, Weapons of Mass Destruction, Pearl Harbor and the World Trade Center all prior to 9/11.  Prior to 9/11 all the necessary ingredients were clearly on the CFR’s radar being telegraphed or put into the pot for cooking.

In this same November/December 1998 edition there is an article entitled Catastrophic Terrorism: Tackling the New Danger by Ashton B. Carter, John Deutch, and Philip Zelikow (CFR) which is of particular interest considering this was prior to 9/11.

Philip Zelikow (CFR)

Philip Zelikow (CFR)

And let us not forget that Philip Zilakow (CFR) –author of the above article– was the executive director of the 9/11 Commission report who had many conflicts of interests and was caught calling the WH –which was not permitted– many times during the ‘Investigation’ and he was also caught trying to cover up these calls…and is credited with limiting the scope of the investigation.

 

From Rense.com: In 1998, Zelikow actually wrote Catastrophic Terrorism about imagining “the transformative event” three years before 9/11. Here are Zelikow’s 1998 words; Readers should imagine the possibilities for themselves, because the most serious constraint on current policy [nonaggression] is lack of imagination. An act of catastrophic terrorism that killed thousands or tens of thousands of people and/or disrupted the necessities of life for hundreds of thousands, or even millions, would be a watershed event in America’s history. It could involve loss of life and property unprecedented for peacetime and undermine Americans’ fundamental sense of security within their own borders in a manner akin to the 1949 Soviet atomic bomb test, or perhaps even worse. Constitutional liberties would be challenged as the United States sought to protect itself from further attacks by pressing against allowable limits in surveillance of citizens, detention of suspects, and the use of deadly force. More violence would follow, either as other terrorists seek to imitate this great “success” or as the United States strikes out at those considered responsible. Like Pearl Harbor, such an event would divide our past and future into a “before” and “after.” The effort and resources we devote to averting or containing this threat now, in the “before” period, will seem woeful, even pathetic, when compared to what will happen “after.” Our leaders will be judged negligent for not addressing catastrophic terrorism more urgently.

And let us not forget that the World Trade Center was attacked by an FBI operative in 1993 –with FBI foreknowledge and help.  There is no question that the FBI was complicit in this first World Trade Center attack.  The obvious question is: “Was the FBI orchestrated attack on the World Trade Center in 1993, just a trial run?”

Being well-connected … that would be Jamie … though she had no experience… she was a key player in the Fannie Mae debacle and the 9/11 report… what did she do worth $26 million?

9/11 Commission | Jamie Gorelick lower right

Jamie Gorelick, while serving in the Department of Justice under the Clinton administration, developed the policy (the “wall memo”) that prevented communication between various government law enforcement and intelligence agencies, specifically the FBI and CIA. She also is on the board of United Technologies. Gorelick’s firm has agreed to represent Prince Mohammed al Faisal in the suit by the 9/11 families. The families contend that al Faisal has legal responsibility for the 9/11 attacks.

Even though she had no previous training nor experience in finance, Gorelick was appointed Vice Chairman of Federal National Mortgage Association (Fannie Mae) from 1997 to 2003. She served alongside former Clinton Administration official Franklin Raines. During that period, Fannie Mae developed a $10 billion accounting scandal.

On March 25, 2002, Business Week interviewed Gorelick about the health of Fannie Mae. Gorelick is quoted as saying, “We believe we are managed safely. We are very pleased that Moody’s gave us an A-minus in the area of bank financial strength – without a reference to the government in any way. Fannie Mae is among the handful of top-quality institutions.” One year later, Government Regulators “accused Fannie Mae of improper accounting to the tune of $9 billion in unrecorded losses”.

In an additional scandal concerning falsified financial transactions that helped the company meet earnings targets for 1998, a “manipulation” that triggered multimillion-dollar bonuses for top executives, Gorelick received $779,625.

Investigation by the OFHEO detailed in their official report on the accounting scandal in 2006 on page 66 that from 1998 to 2002 Gorelick received a total of $26,466,834.00 in income.