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Redemption promoters allege that a secret fund is created for every citizen at birth and that a procedure exists to "redeem" or reclaim this fund to pay bills. Common redemption schemes include acceptance for value ( A4V ), Treasury Direct Accounts (TDA) and secured party creditor "kits," collections of pseudolegal tactics sold to participants ...
Fortress Investment Group LLC was founded in 1998 in New York City as a private equity firm in 1998 by Wesley R. Edens, a former partner at BlackRock; Rob Kauffman, a managing director at UBS; Randal A. Nardone, also a managing director at UBS; Michael Novogratz, a former partner at Goldman Sachs; and Pete Briger, also a former partner at Goldman Sachs.
United States: 16 Sep 2008: Insurance: Out of $441 billion worth of securities originally rated AAA, as the US sub-prime mortgage crisis unfolded, AIG found it held $57.8 billion of these products. It was forced to take a 24-month credit facility from the US Federal Reserve Board. Washington Mutual: United States: 26 Sep 2008: Banking
The combination of a global pandemic and soaring inflation has left many Americans with mountains of debt. The total household debt in the U.S. rose by $351 billion (2.2%) to reach $16.51 trillion ...
In March 2009, a lawsuit was filed in New York against Bank of America, one of the largest banks in the United States, that claimed that Bank of America "established, equipped and staffed" a branch office in the headquarters of Cosmo's firm, Agape Merchant Advance. As a result, the lawsuit contends that the bank knowingly "assisted, facilitated ...
All told, his debt-spiral outlook suggests that borrowing costs will eat up America's ability to afford much else. "By 2034 debt service at 6% rates would consume 45% of all tax revenue; at 9% ...
Harry M. Markopolos (born October 22, 1956) is an American former securities industry executive and a forensic accounting and financial fraud investigator.. From 1999 to 2008, Markopolos uncovered evidence that suggested that Bernie Madoff's wealth management business was a huge Ponzi scheme.
Foreign governments, as well as banks and private investors, state and local governments and the Federal Reserve, own most of this debt, and it’s held in Treasury securities, bills and bonds ...