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BREAKING NEWS: Mounting Evidence that Dominique Strauss Kahn was Framed

Posted by Admin on July 10, 2011

http://www.globalresearch.ca/index.php?context=va&aid=25533

by Michel Chossudovsky
Global Research, July 7, 2011
While the media has gone to arms length to obfuscate the matter, there is mounting evidence that Dominique Strauss Kahnwas framed.

According to media reports, the 32-year-old Guinean Sofitel housemaid received the modest sum of 100,000 dollars paid into her bank account. The New York Times acknowledges the payment but fails to analyze the source of these payments. In an utterly confused statement, the NYT suggests that the money was deposited in the housemaid’s account by her Guinean boy friend who is serving time in a high security prison:

According to the two officials, the woman had a phone conversation with an incarcerated man within a day of her encounter with Mr. Strauss-Kahn in which she discussed the possible benefits of pursuing the charges against him. The conversation was recorded.

That man, the investigators learned, had been arrested on charges of possessing 400 pounds of marijuana. He is among a number of individuals who made multiple cash deposits, totaling around $100,000, into the woman’s bank account over the last two years. The deposits were made in Arizona, Georgia, New York and Pennsylvania.

The investigators also learned that she was paying hundreds of dollars every month in phone charges to five companies. The woman had insisted she had only one phone and said she knew nothing about the deposits except that they were made by a man she described as her fiancé and his friends. (NYT, July 1, 2011, emphasis added)

The bank records of the housemaid, not to mention the record of her telephone calls, are known to police investigators, yet both the media and the prosecutors have failed to reveal the identity of the persons who instigated these money transfers.

The reports suggest that they may be “drug related”, thereby casually dismissing the likelihood that the money could have been part of the framing of DSK. The reports also mention that the money deposits were made “over the last two years”, thereby conveying  the impression that they bear no relationship to the DSK affair.

The exact timing of these money transfers including the identity of  senders are known to police investigators. Why has this information not been released?

If the 100,000 dollars had indeed been deposited into her bank account in the course of the last two years, why on earth would she be working as a housemaid?

Regime change at the IMF

Why was the substance of the housemaid’s false accusations not released at an earlier stage?  Who was protecting her?

Why did the media wait to reveal information which confirms DSK’s innocence.

This information was known to the prosecutors at an early stage of the investigation, yet it was only released after the appointment of France’s Finance Minister Christine Lagarde as Managing Director of the IMF.

Lagarde’s candidacy was confirmed and accepted on June 26th. Her mandate was confirmed on June 28th following a decision of the IMF’s 24 member executive board.

Lagarde is an appointee of Wall Street and the US banking establishment. Her candidacy had been approved by U.S. Treasury Secretary Timothy Geithner on the 28th of June:

“I am pleased to announce our decision to support Christine Lagarde to head the IMF,” Geithner said in a statement hours before the 24-member IMF executive board was expected to select her as its managing director.

Careful timing. In a bitter irony, the report from the prosecutor proving DSK’s innocence was released on the day following the IMF’s executive board decision instating Lagarde as Managing Director of IMF for a five year term.

The frame-up has visibly succeeded. Who instructed prosecutors not to release this information until after the appointment of Lagarde as IMF Chief?

If this information had been revealed a few days earlier, Lagarde’s candidacy as IMF chief might have been questioned.

Regime change at the IMF has been speedily implemented, not to mention the implications of the DSK affair in relation to the French presidential elections.

Christine Lagarde commenced her five year term as IMF Managing Director on July 5th at the height of Greece’s debt crisis.

Sofar, the likely hypothesis of a frame-up directed against DSK is not being touched upon by the mainstream media.

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Global bankers meet in Basel for reform

Posted by Admin on September 13, 2010

By Brooke Masters and Patrick Jenkins, FT.com
September 10, 2010 — Updated 0113 GMT (0913 HKT)
Death of the Feds
(FT) — Banking supervisors and central bankers from 27 countries will gather in Basel, Switzerland, this weekend to adopt what is set to be the most important regulatory reform package since the financial crisis, even as German, US and other officials continue to jockey over some provisions.
The officials overseeing the Basel Committee on Banking Supervision, the global rule-making body, are expected to set minimum requirements for the amount of top quality capital banks must hold against future losses and announce a timetable for reaching the standards. The figures are set to determine the shape, stability and profitability of global banking for years to come.
Ben Bernanke, chairman of the US Federal Reserve, Mervyn King, governor of the Bank of England, and Jean-Claude Trichet, president of the European Central Bank, are among those meeting on Sunday to thrash out the final details of the banking reform package known as Basel III.
A large group of countries has coalesced round a plan to require banks to hold core tier one capital – essentially equity and retained profits – equal to 5 per cent of their risk-weighted assets, compared with the current requirement of 2 per cent. In a new measure, banks would also have to hold a buffer of additional capital equal to 2-3 per cent of assets, meaning banks that fall below a core tier one ratio of at least 7-8 per cent or face restrictions on their ability to pay dividends and bonuses.
However, some countries have so far refused to sign up and are still pushing for totals as low as 4 per cent or as high as 10 per cent, including the buffer, people familiar with the talks said. Germany has been particularly vocal in its concerns about setting the ratio too high. “It’s not finished,” said one regulator.
The exact numbers could also shift as part of the negotiations over the timetable. US officials would like the minimums in place in 2012 with the buffers a few years later, while a German central banker said this week he expected the minimums and buffers to phase in over five to 10 years starting in 2013. Some participants believe a longer timetable may be the price of tougher numbers.
Analysts believe the outcome may also turn on the issue of so-called contingent convertible capital, nicknamed “cocos”. These instruments, essentially bonds that only convert into equity under a stressed scenario, do not count towards the core tier one minimum, but the French have been arguing that they should be usable to meet the buffer capital requirements. This apparently technical issue could radically change the effect of the regime. If the buffer can be funded with cheaper cocos, the result would be far less severe.
One person close to the process said the Basel group was unlikely to allow exceptions for smaller banks, as some in Germany had hoped. The group will insist the “entire world” be subjected to “a totally level playing field with absolutely no exceptions”, the person said.
Sunday’s meeting may well have to defer decisions on the size of two other planned parts of the package: surcharges for extra-large banks and a second buffer designed to counter the economic cycle.
The influence of the committee’s decisions could be profound. If it sets requirements too low, another banking crisis could result; too high and the world economy could struggle with a lack of credit.
James Gorman, Morgan Stanley’s chief executive, said the Basel reforms were “the single most important reforms that will be made coming out of this financial crisis”.
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