Massive Bank and High Profile Resignations Across the World [Archive] - Page 3

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Sabrina

30th March 2012, 20:14

http://kauilapele.wordpress.com/

Info. on David Wilcock's latest blog (Divine Cosmos) is already posted on a thread on Avalon, but Kauilapele has broken down the whistbleblower Drake's interview into 30 min. chunks on his website above.

Just to recap what Wilcock said:
— INTERVIEW WITH TOP INSIDER ABOUT IMMINENT MASS ARRESTS
I am on the plane to this weekend’s conference in Austin. You are about to hear a stunning interview with Drake, an insider specifically asked by the Pentagon “good guys” to come forward and explain what is going to be done. I was blown away by the information he was giving. If you didn’t already believe this was really going to happen, this may very well change your mind. I ran Drake through an extensive validation process with one of my top insiders and he passed with flying colors. He is the real deal.
We have an urgent-status rush transcription order for our Divine Cosmos Transcription Team on this, and will get it posted ASAP.”

goinghome2012

30th March 2012, 20:30

Who says there's gonna be 3 days of darkness? Some kook on the net? Its just bad science mixed with bad spirituality.

No one's falling for this despair and hopelessness routine any more.

stop shilling and accept the truth, it only happens every 24,500 years and these guys know it, it is called the Grand cycle.

Alie

31st March 2012, 00:23

From a Comment on David Wilcocks Blog by Carl Shaman

The mirror of the financial and power elite seems to be more than cracking up.
According to the Forbes-list, no. 27 of the World's richest people are the Kwok brothers in Hong Kong.
They have just recently been arrested.

It was broadcasted earlier this morning (Fri. 30th of March) on CNN Europe´s financial news.
It's reported to be a huge scandal in Asia.

The Kwoks own $18.3 billion, the second-biggest family fortune in Hong Kong after Asia's richest man... Li Ka-shing.

Check it out...

Rueters (http://www.reuters.com/article/2012/03/29/us-sunhungkai-suspension-idUSBRE82S0U920120329)

Business Week (http://www.businessweek.com/news/2012-03-29/lun-arrest-wont-affect-sun-hung-kai)

Sabrina

31st March 2012, 09:44

Sabrina

31st March 2012, 09:48

http://www.businessinsider.com/wait-did-cnn-just-lose-half-of-its-viewers-2012-3

Wait, Did CNN Just Lose HALF Of Its Viewers?

Just to broaden it out, in addition to the resignations and arrests, people are turning away from the main stream news reporting in some areas and looking online. ALso being put off by some of the blatant propaganda re: Occupy etc.

Taurean

31st March 2012, 09:49

Wow get this

http://www.freedomreigns.us/ALERTS.html

tFSkBh5pF9E

http://freedomreignsusa.blogspot.co.uk/p/county-project_28.html

Sabrina

31st March 2012, 09:57

http://www.newscientist.com/article/dn21656-leaders-of-controversial-neutrino-experiment-step-down.html
31 March
Leaders of controversial neutrino experiment step down

The supposedly super-speedy neutrinos may have slowed, but they haven't stopped creating turmoil in the physics world. Two leaders of the OPERA experiment behind the controversial result stepped down this week.

Spokesperson Antonio Ereditato of the University of Bern in Switzerland turned in his resignation on 29 March, and physics coordinator Dario Autiero of the Institute of Nuclear Physics in Lyon, France, resigned on 30 March. Both cited tensions within the collaboration as the reason for their departures.

In September, the OPERA collaboration reported that they had measured neutrinos making the 730-kilometre trip from CERN in Switzerland to the Gran Sasso underground laboratory in Italy 60 nanoseconds faster than if they had been travelling at light speed.

If it panned out, the result would have turned much of modern physics on its head, contradicting Einstein's theory of special relativity and opening the theoretical door to exotic possibilities like extra dimensions and time travel.

The result, however, seems to be down to experimental error. OPERA announced last month that they had found a malfunctioning clock and a leaky fibre-optic cable that could explain part or all of the neutrinos' extra speed. And another experiment in the same underground cavern in Italy, ICARUS, re-did the same measurement and saw no faster-than-light speeds.

"We don't think anymore that the neutrinos were superluminal," says OPERA team member Luca Stanco of Italy's National Physics Institute.

Two camps

Because of the high stakes, some members of the 170-person OPERA collaboration thought the team should have kept the result under wraps longer as they worked through possible sources of error. Others disagreed, arguing that announcing the result would allow it to be studied by other groups.

"We received a lot of criticism" about announcing the result, says Stanco. "I was part of this criticism." Stanco did not sign the first draft of the scientific manuscript reporting the measurement because he thought it was too preliminary.

The conflicts continued, and on 28 March, the OPERA collaboration held a vote on whether or not to continue supporting Ereditato as the head and public face of the collaboration. The vote took place at a workshop where the various experiments conducted at the Gran Sasso lab presented and discussed their findings.

The vote of no-confidence needed two-thirds of the votes to pass, and only got about 55 per cent, Stanco says. But a day later, Ereditato decided to resign on his own.
full story at link
and
http://www.naharnet.com/stories/en/35223-italian-physicist-behind-faster-than-light-test-resigns

Sabrina

31st March 2012, 10:01

http://www.infomine.com/index/pr/PB173850.PDF

ASX ANNOUNCEMENT - UDATE TO SHAREHOLDERS
Sydney/Australia – 29 March 2012, Republic Gold LTD (ASX:RAU) The Board of Directors have commenced a strategic review of operations at the Amayapampa Gold Mine. This follows the previous report to shareholders of the suspension of operations at the site on February 3rd 2012, and the recommencement of operations on March 6th 2012.

As a result of the review, Mr Campbell Smith has tendered his resignation effective 31st March 2012. The Board would like to take this opportunity to thank Mr Smith for his tremendous contribution and efforts over the last 6 months in getting both the Australian and Bolivian operations restructured.

Furthermore, Maria Jitton, Managing Director of RAU’s wholly owned subsidiary Minera Nueva Vista (MNV), has also tendered her resignation effective 15th April 2012. We would like to thank Mrs Jitton for her 10 years of loyal service to MNV.

Sabrina

31st March 2012, 10:08

Many leaving US Congress

Being in Congress loses its thrill for some lawmakers

They don’t make national policy anymore. They can’t earmark money for communities back home. The public hates them.

And perks little and big, from private jet travel to a little free nosh now and then, have been locked down by ethics rules.
As they head for the exits this year, many leaving Congress say the prestigious job of being a congressman sucks now, and that’s why lawmakers young and old are trading in their member pins for a new life in the private sector.

Read more: http://www.politico.com/news/stories/0312/73759.html#ixzz1qghDP4bP

Sabrina

31st March 2012, 10:13

Wow get this

http://www.freedomreigns.us/ALERTS.html

tFSkBh5pF9E

http://freedomreignsusa.blogspot.co.uk/p/county-project_28.html

Yes thanks it's the Clark whistleblower interview. David Wilcock released on his blog (Divine Cosmos) yesterday. On story 501, I've posted links via Kaulipee which breaks this interview up in 30 minute chunks. Wilcock says he's putting out more info. shortly and also there should be a transcript of this interview. Also some of the story on previous pages. Hold onto your hats I channel....

Applecart

1st April 2012, 03:24

Daozen

1st April 2012, 11:43

WAH!

http://www.guardian.co.uk/politics/2012/mar/31/david-cameron-arrest-chequers

Cameron appeared "Bedraggled and irritated"

The dignified calm of Ellesborough was interrupted by the sound of armoured vans quietly pulling up outside Chequers, the Prime Minister's country retreat.

Operation Checkmate, a joint Interpol-Scotland Yard investigation, launched 'over 70' arrests at multiple locations in dawn raids across mainland Britain.....

Firinn

1st April 2012, 11:53

I tried the link but it's not working. Had a search through the Guardian site but no luck. Looks like this story has been pulled. Can you please check Daozen?

Many thanks,
Firinn

WAH!

http://www.guardian.co.uk/politics/2012/mar/31/david-cameron-arrest-chequers

Cameron appeared "Bedraggled and irritated"

The dignified calm of Ellesborough was interrupted by the sound of armoured vans quietly pulling up outside Chequers, the Prime Minister's country retreat.

Operation Checkmate, a joint Interpol-Scotland Yard investigation, launched 'over 70' arrests at multiple locations in dawn raids across mainland Britain.....

Taurean

1st April 2012, 13:07

I know, I know, it's 1st April, but

http://www.bbc.co.uk/news/world-asia-china-17570005

April 1, 2012

Russia Goes On Alert As China Coup Fears Escalate

By: Sorcha Faal, and as reported to her Western Subscribers

http://www.whatdoesitmean.com/index1569.htm

President Medvedev today took the unprecedented step today of putting the Federal Security Service (FSB) on its “highest maximum alert” over fears the Communist Party leadership in China is fast losing control over its internal police and military forces leading many Russian intelligence analysts to believe the world’s largest populated nation may be undergoing a coup.

DreamsInDigital

1st April 2012, 15:32

Sorcha is a fear mongering disinformation agent of the cabal. It never was a coup, all these coup rumors are from the cabal crying fowl over loosing china. Imagine the things that will come out when the regime change takes place here in the US.

mexrph

1st April 2012, 18:33

Great idea! You have weakened the enemy by pulling out of the banking system and using a small credit union.

Sabrina

1st April 2012, 21:02

Thanks everyone for sharing info on this subject. I haven't read through this thread but I want to make sure the thought is inserted that even if lots of high profile people are being arrested, would that not also be the way of culling the 'business world' before a world government is inserted? I'd like to hear replies to this idea.
That being said, my days have been the path of discovering what true freedom is. And as liberty unfolds within myself I don't see any other way than for it to also manifest in the entire universe. I believe the good times will keep coming, so long as my spirit sails forward.
Applecart, believe me a lot of thought has been put into this thread, and resignations/arrests have later been echoed on David Wilcock's/Kabuki's sites etc etc. But I have to say, if you haven't read thru' this thread, it obviously isn't for you! There's a certain amount of work that goes into researching info. if it resonates good. If it doesn't fine. But there's a certain amount of self responsibility that goes into making statements and owning if you've even looked and acknowledged stuff!! It's all there for the taking if it's your bag. If it isn't.... others will take it up...

Sabrina

1st April 2012, 21:11

Facebook Global Resignations site - thanks you people for your hard work!

Banking & Financing:(Week 13 {so far}: 24 resignations

3/30/12 (USA) Aon Corp (insurance) boardmember Andrew McKenna resigns
http://tinyurl.com/7gaxzbc

3/30/12 (USA) Penssylvania capital’s financial overseer David Unkovic resigns
http://tinyurl.com/6whhxld

3/30/12 (AUSTRALIA) Tyndall Asset Management managing director Craig Hobart resigns
http://tinyurl.com/ca6as8w

3/30/12 (UK/EU) Reconstruction Capital II Ltd. (private/listed equities) board member Franklin P. Johnson Jr. resigns
http://tinyurl.com/busjtky

3/29/12 (CHINA) Private equity chief Collin Lau to leave China Sovereign wealth fund
http://tinyurl.com/bnqdvnb

3/29/12 (UK) Private equity company 3i Group Plc chief Michael Queen resigns
http://tinyurl.com/cs4wbxj

GOVERNMENTS

Week 13 {so far}: 39 resignations)

3/31/12 (CANADA) Prime Minister Stephen Harper’s communications director Angelo Persichilli resigns
http://tinyurl.com/bthcwkh

3/30/12 (COLOMBIA) Bogota’s government secretary Antonio Navarro Wolf resigns
http://tinyurl.com/crggvzz

3/30/12 (PERU) High ranking official at the Ministry of Energy and Mining Luis zavaleta Vargas resigns amid controversy
http://tinyurl.com/bnf44c5

3/30/12 (USA) Nine (9) Idaho senators retire: Edgar Malepeai, Nicole LeFavour, James Hammond, Denton Darrington, Joyce Broadsword, Diane Bilyeu, John Andreason, Shirley McKague, Melinda Smyser
http://tinyurl.com/7atutbm

3/30/12 (USA) Sixteen (16) Idaho House members retire: Carlos Bilbao, Max Black, Sharon Block, Marge Chadderon, Brian Cronin, Dick Harwood, Elfreda Higgins, Wendy Jaquet, Bill Killen, Janice McGeachin, Mack Shirley, Erik Simpson, Leon Smith, Dennis Lake, Bert Stevenson, Tom Trail
http://tinyurl.com/7atutbm

3/30/12 (SWEDEN) Defence Minister Sten Tolgfors resigns amid Saudi row
http://tinyurl.com/caedu5m

3/29/12 (USA) West Virginia Republican chairman Mike Stuart steps down
http://tinyurl.com/6oya9yn

3/29/12 (USA) Representative Stephen Sandstrom resigns Utah House seat
http://tinyurl.com/cwgwoyl

3/29/12 (ISRAEL) Jewish Agency for Israel CFO Yaron Neudorfer resigns
http://tinyurl.com/dy4ydrf

3/29/12 (UK) Third senior police official Dick Fedorcio resigns in Britain’s phone-hacking scandal
http://tinyurl.com/c9dr4oh

3/29/12 (PUERTO RICO) Puerto Rico’s police chief Emilio Diaz Colon resigns
http://tinyurl.com/cbndsvk

3/28/12 (IRELAND) Former Dublin councillor Finbarr Hanrahan also resigns from Fianna Fáil
http://tinyurl.com/d7jzv99

3/28/12 (CHILE) Energy minister Rodrigo Alvarez resigns after protests
http://tinyurl.com/ck35la3

3/28/12 (CANADA) Alberta’s Chief Medical Officer Dr. Andre Corriveau resigns
http://tinyurl.com/dybzea7

3/26/12 (IRELAND) Former cabinet minister and EU Commissioner Padraig Flynn resigns from Fianna Fail
http://tinyurl.com/bsg95ra

Companies & Businesses:(Week 13 {so far}: 40 resignations)

3/31/12 (CANADA) Former premier of Ontario Mike Harris steps down from Magna International Inc. alongside two other controversial board members
http://tinyurl.com/7r89zw5

3/30/12 (USA) Research in Motion (RIM – Blackberry phones) board director Jim Balsillie resigns
http://tinyurl.com/c2dfjnm

3/30/12 (AUSTRALIA) BHP Billiton (iron ore) president Ian Ashby resigns
http://tinyurl.com/7mqmrnb

3/30/12 (GLOBAL) Stefanutti Stocks (global construction) COO Stephen Pell steps down
http://tinyurl.com/d5nanww

3/30/12 (USA) Network Equipment Technologies (global networking) CEO Nicholas Keating resigns
http://tinyurl.com/774ulfm

3/29/12 (USA) Quicksilver Resources (oil & gas) CFO Philip Cook to resign
http://tinyurl.com/d7py8os

3/29/12 (UK) FTI Consulting global chairman Charles Watson steps down
http://tinyurl.com/d7qqkgu

3/29/12 (CANADA) Soventix Canada (solar PV manufacturer) CEO Jan Dressel resigns for ‘reasons unspecified’
http://tinyurl.com/cqs4q64

3/29/12 (CHINA) Huawei (global ICT services) CEO Zhu Bo resigns
http://tinyurl.com/cvo279l

3/29/12 (CHINA) Sinovac Biotech (pharma, vaccines) independent director Ms. Chup Hung Mok resigns
http://tinyurl.com/d347u3e

3/29/12 (GLOBAL) Cape plc (international industrial services) CEO Martin May resigns
http://tinyurl.com/d2cfufj

3/28/12 (GLOBAL) Russel Reynolds Associates (executive search firm) CEO and president Matthew Wright steps down
http://tinyurl.com/btab4sd

3/28/12 (USA) Progress Software (data and computing) CFO Charles F. Wagner leaves
http://tinyurl.com/6tsc65k

3/28/12 (INDONESIA) Mining venture Bumi co-chairman Nat Rothschild steps down
http://tinyurl.com/c3mg4po

3/28/12 (UK/NORWAY) Valiant Petroleum non-exec director David Blackwood steps down
http://tinyurl.com/clkth6y

3/28/12 (USA) Sears Holdings marketing chief Monica Woo steps down
http://tinyurl.com/cyrueh5

3/28/12 (IRELAND) Eircom (telecom) CEO Paul Donovan steps down ‘for personal reasons’
http://tinyurl.com/br6yfug

3/28/12 (DUBAI) Metin Mitchell (executive search and management advisory firm) co-founder and COO Dominique Liana Russo steps down
http://tinyurl.com/ctxg3ht

3/28/12 (USA) Texas State Board of Dental Examiners exec director Sherri Meek resigns before state hearing
http://tinyurl.com/bnvyufr

3/28/12 (CANADA) President Dana Johnson of Enerplus U.S. operations (oil & gas) resigns
http://tinyurl.com/cgb8rez

3/28/12 (AUSTRALIA) Sherwin Iron Ltd (leading iron ore exploration & development) directr Jamie Henderson resigns
http://tinyurl.com/c8tf9t4

3/28/12 (CANADA/MONGOLIA) Undur Tolgoi Minerals Inc. (mining) director Saruul Ganbaatar resigns
http://tinyurl.com/br4yrem

3/28/12 (USA) Digirad (nuclear-based medical applications) CFO Richard Slansky resigns
http://tinyurl.com/d98yrd3

3/28/12 (USA) U.S. Concrete CFO James Lewis resigns
http://tinyurl.com/camfv3d

Alie

1st April 2012, 23:22

Do you have this yet? Bush & Blair found guilty of war crimes in Malaysia

sXQSXq68oVQ

Daozen

2nd April 2012, 01:41

Government resignations are ramping up. Thx White Hats.

This Nat Rothschild is from the famous banking family.

http://www.telegraph.co.uk/finance/newsbysector/industry/mining/9169973/Nat-Rothschild-steps-down-as-co-chairman-of-Bumi.html

http://en.wikipedia.org/wiki/Nathaniel_Philip_Rothschild

Lots of the younger generation in these elite families did NOT want to go through with the global dictatorship plan. They started a "pushback"... to slow the plan down. They might've risked severe punishment to do this.

Thx to the Grey Hats too.

PathWalker

2nd April 2012, 06:48

Thanks to Sabrina for this great thread.

I follow it with great interest and awe.
I do believe massive arrest are to come. As part of war games, and disclosure.
I do not believe the justice system as we know it will work, since it is a reflection of world corrupted justice beliefs.

I believe a new system is in the process of creation. Once the mass public aligns its moral values it will be born.
So for now lets rejoice the destruction of the old system.

Sabrina

2nd April 2012, 21:47

Well you wouldn't want to hang around at the moment really.... this is significant I imagine.

http://www.guardian.co.uk/business/2012/apr/02/angela-knight-leaves-bba
2 April
British Bankers Association Angela Knight to leave
Former Tory MP represented industry during the Northern Rock crisis, the collapse of Lehman Brothers and the part-nationalisation of Lloyds Banking Group and RBS

The banking sector's chief advocate during a time of "extraordinary difficulty" for the industry is to step down after five years at the helm.

Angela Knight, 61, will leave her post as chief executive of the British Bankers' Association this summer after acting as a spokeswoman for the industry through a "crisis of a magnitude that few if any have seen before or expected".

The former Conservative MP, who took up the post on 1 April 2007, represented the industry during the biggest run on a British bank - Northern Rock - the collapse of Lehman Brothers and the part-nationalisation of Lloyds Banking Group and Royal Bank of Scotland.

Knight has more recently been dealing with the continuing bonus furore, fending off accusations of unbridled excess and a fat cat culture in the City.

The University of Bristol graduate said: "The UK banking industry has already undergone radical restructuring to make it fit for the future and I am pleased to have played a part in this." She will stay on while the search for her successor is completed, the BBA said.

Knight continued: "I have been at the British Bankers' Association at a time of extraordinary difficulty and during a crisis of a magnitude that few if any have seen before or expected.

"The BBA has played a strong part throughout this challenging period and has helped the industry it represents with the significant changes to regulation and legislation required."

She added: "I leave the BBA in good health and heart."

Interesting to note she has been described as:

The face of UK banking, Angela Knight, steps down

¤=[Post Update]=¤

http://business.financialpost.com/2012/04/02/rbc-sued-by-u-s-regulators-over-trades-worth-hundreds-of-millions/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FP_TopStories+%28Financial+Post+-+Top+Stories%29

RBC sued by U.S. regulators over trades worth hundreds of millions
Bloomberg News Apr 2, 2012

Royal Bank of Canada is being sued by U.S. regulators over claims that the Toronto-based lender engaged in a series of illegal futures trades worth hundreds of millions of dollars to garner tax benefits tied to equities.

Canada’s biggest bank made false and misleading statements about “wash trades” from 2007 to 2010 in which affiliates traded among themselves in a way that undermined competition and price discovery on the OneChicago LLC exchange, the Commodity Futures Trading Commission said in a statement today. The allegations will be laid out in a complaint set to be filed in U.S. District Court in New York, the CFTC said.

“A fundamental purpose of the futures markets is to provide an arm’s-length mechanism for market participants to discover prices and shift risks associated with products traded in those markets,” CFTC enforcement director David Meister said in an e-mail statement. “RBC not only designed and executed a wash sale scheme that undermined that purpose, it went a step further and misled the exchange into believing that its conduct was lawful.”

Royal Bank enlisted affiliates to help carry out hundreds of futures transactions that were done off-exchange and then reported to OneChicago as block trades between independent affiliates, according to the CFTC. A single group of RBC employees designed and managed the strategy, the agency said.

The trades, which resulted in Royal Bank not having a financial position in a market, were conducted for Canadian tax benefits tied to holding certain stocks, the CFTC said in its statement. The transactions, involving single-stock futures and narrow-based indexes, were used to hedge the risk of holding the equities, according to the statement.

Royal Bank responded to the allegations in a statement on Monday by saying the trades in question were carried out in an appropriate manner.

“These trades were fully documented, transparent, and reviewed by both the CFTC and the exchanges…. it is absurd to now claim these trades were either fictitious or wash sales,” the bank said in the statement.

The CFTC is seeking monetary penalties and an injunction against further violations, the agency said.

¤=[Post Update]=¤

http://www.cbc.ca/news/business/story/2012/04/02/snc-bangladesh.html?cmp=rss
2 April
World Bank suspends SNC-Lavalin unit's bidding rights

Montreal-based engineering giant SNC-Lavalin said Monday the World Bank has temporarily suspended the right of one of its subsidiaries to bid on the bank's projects.

The bank is the world’s largest development organization.

In a release, SNC-Lavalin said the suspension was imposed based on allegations in a confidential report by the bank on bidding by the subsidiary relating to the Padma Bridge project in Bangladesh.

"The scope of the project, which was not awarded, was to act as the owner's engineer for the Bangladesh government in supervising the contractor responsible for the overall bridge construction project," the firm said.

The release came a week after former SNC-Lavalin CEO Pierre Duhaime resigned following an internal investigation that revealed that he signed off on payments to undisclosed agents, breaching the company's code of ethics.

At the time, the company said it planned to inform police and other authorities about the results of the internal investigation that failed to determine the use of $56 million US in payments.

Sabrina

2nd April 2012, 21:59

Global Resignations Facebook site latest from 31 March (http://tinyurl.com/7fdhsxz)

(Totals for all three categories (since Jan 02):

Banking & Financing – 319
Governments – 173
Companies etc. – 268

Banking & Financing:
4/02/12 (UK) Chief executive of the British Bankers’ Association Angela Knight steps down
http://tinyurl.com/d3l6spa

Governments:

4/02/12 (HUNGARY) President Pal Schmitt resigns in plagiarism scandal
http://tinyurl.com/d2d32sd

4/02/12 (HUNGARY) University Head Tivadar Tulassay resigns over plagiarism scandal
http://tinyurl.com/clv7l86

4/02/12 (USA) General Services Administration (GSA) chief Martha Johnson resigns amid reports of excessive spending, two others fired
http://tinyurl.com/7npkp5y

(Week 13: 40 resignations)

4/01/12 (ITALY) Member of Parliament Massimo Calearo resigns
http://tinyurl.com/cynm42a

3/31/12 (CANADA) Prime Minister Stephen Harper’s communications director Angelo Persichilli resigns
http://tinyurl.com/bthcwkh

Companies & Businesses:

4/02/12 (RUSSIA) Polyus Gold (Russia’s largest gold producer) president and CEO Evgeny Ivanov steps down
http://tinyurl.com/7kx6ctx

4/02/12 (SAUDI ARABIA) Saudi Telecom CEO Saud al-Daweesh resigns (said to have submitted his resignation in January, but the board only just now accepted it)
http://tinyurl.com/cq3k6mh

4/02/12 (INDIA) Firstsource (intl business process services provider) CEO Matthew Vallance steps down
http://tinyurl.com/cfj45vk

(Week 13: 40 resignations)

3/31/12 (CANADA) Former premier of Ontario Mike Harris steps down from Magna International Inc. alongside two other controversial board members
http://tinyurl.com/7r89zw5

Sabrina

2nd April 2012, 22:05

http://www.lasvegassun.com/news/2012/apr/02/us-federal-resignation/
2 April

GSA head resigns amid reports of lavish spending at conference near Las Vegas
Associated Press

Monday, April 2, 2012 | 1:57 p.m.

The head of the federal agency that oversees supplies, transportation and office space for the federal government has resigned following reports of lavish spending at a Nevada training conference in 2010.

Martha Johnson, who led the General Services Administration, has submitted her resignation as the agency's inspector general prepares to release a report on the training conference outside Las Vegas.

The Washington Post reports that organizers spent $835,000 on the event, which was attended by 300 employees. Some of the expenses included $3,200 for a mind reader, $6,300 on a commemorative coin set and $75,000 on a training exercise to build a bicycle.

White House chief of staff Jack Lew says the White House "acted quickly to determine who was responsible for such a gross misuse of taxpayer dollars."

¤=[Post Update]=¤

http://edition.cnn.com/2012/04/02/world/europe/hungary-president-resigns/index.html
2 April

Hungary's president quits over alleged plagiarism

Budapest, Hungary (CNN) -- Hungarian President Pal Schmitt resigned Monday, days after vowing he would not quit over allegations that he plagiarized parts of his doctoral dissertation.

Protesters had called last week for him to step down over the accusation.
"In this situation, when my personal issue splits my beloved country instead of uniting it, I feel it is my duty to end my service, and to resign," he told parliament Monday.

Schmitt insisted Monday that his conscience was clear, repeating an assertion he made in an interview aired Friday on public access television station M1.
He said Monday that he was prepared to go to court to prove that he was right.

Sabrina

2nd April 2012, 22:12

http://www.dailystar.com.lb/Business/Middle-East/2012/Apr-02/168929-saudi-telecom-chief-executive-resigns.ashx#axzz1qvJa7zEn
2 April

Saudi Telecom chief executive resigns

RIYADH: Saudi Telecom Co (STC), the kingdom's largest telecoms operator, said on Monday its chief executive will step down in October, but did not give a reason for his departure or name a successor.

Saud al-Daweesh's resignation, which was accepted by the board on Monday, will not take effect until October 1, the former state-owned monopoly said in a statement posted on the Saudi bourse website.

"Saudi Telecom announces that its group chief executive Saud al-Daweesh submitted his resignation effective as of October 1 2012, and the board accepted it on April 2," said the statement, which praised Daweesh for growing the business to include 160 million customers.

In January the company reported a 19 percent drop in net profits to 7.67 billion riyals ($2.1 billion).

Daweesh was appointed chief executive in 2009, seven years after the company floated 30 percent of its shares on the local stock market.

An engineer by trade, Daweesh's departure may aid STC's attempts to become a more dynamic, marketing-led company in the face of stiffening domestic competition, analysts said.

Yet a new leader may still struggle to change the former monopoly's public sector, bureaucratic culture, they warned.

STC, which remains majority government-owned nearly a decade after its partial privatisation, has operations across the Muslim world from Turkey to Indonesia.

Sabrina

2nd April 2012, 22:21

http://www.cfoinnovation.com/content/more-auditor-resignations-seen-audit-season-nears-end
2 April
More Auditor Resignations Seen as Audit Season Nears End

As audit season draws to an end, auditors are expected to resign from Chinese companies in the coming weeks as problems are expected to surface. Among the first case is Deloitte's resignation as auditor of a Hong Kong-listed company.

Deloitte resigned from Boshiwa International Holdings because the audit firm was not satisfied at the company's response to questions about some of its transactions, according to Reuters.

"We continue to have concerns about matters pervasive to the financial statements, including, for example, the existence and commercial substance of recorded prepayments amounting to 392,000,000 yuan ($61.93 million) with a supplier of the group," the auditor wrote in its letter.

Reuters says Boshiwa is looking into forming a special investigation committee to look at the issues raised by its former auditor and that it would have to delay the publication of its results.

Deloitte also resigned as auditor of Daqing Dairy Holdings Limited.

“We continue to have concerns about matters pervasive to the financial statements, including unexplained differences between sales receipt notes sighted during audit work in February 2012 and documents purporting to be the same sales receipt notes returned to the company in March 2012 ostensibly following a tax bureau investigation," says Deloitte in its resignation letter.

"We have outlined the steps which we consider necessary to address these matters. However, we have concluded that the company is not committed to the proposed course of action.”

Daqing has announced that trading in the shares of the company on the Hong Kong Stock Exchange has been suspended until further notice. The company says publication of its annual results will also be delayed.

Deloitte's resignations follow last year's run of accounting scandals at U.S.-listed Chinese companies. Reuters says the incidents have made auditors more alert of the consequences of being negligent.

In his latest entry on the China Accounting Blog following Deloitte's resignation, Paul Gillis, visiting professor of Accounting at Peking University, noted that more resignations can be expected in the next few weeks.

Tom Fyfe, a partner at Hong Kong law firm Clyde & Co, said last year's run of scandals has likely made auditors working on Chinese companies doubly careful when signing off on their books.

"They are likely to be asking more difficult questions of their clients, and if they get to the stage where they don't get satisfactory answers, will issue a disclaimed opinion and eventually come off," said Fyfe, who specialises in auditor liability cases.

Reuters notes that most of last year's high-profile accounting problems were at Chinese companies listed in the United States, several of which resulted in auditors facing class-action lawsuits from angry investors.

Sabrina

2nd April 2012, 22:30

https://jhaines6.wordpress.com/2012/03/29/former-mf-global-exec-takes-5th-at-hearing-by-jim-zarroli/

Former MF Global Exec Takes 5th At Hearing – by Jim Zarroli

EnlargeSusan Walsh/APFormer MF Global Holdings Ltd. Chairman and CEO Jon Corzine testified on Capitol Hill in December. On Wednesday, a former executive at the company refused to answer lawmakers’ questions about events in the run-up to the firm’s collapse.

A former executive at the center of the meltdown of brokerage firm MF Global appeared before Congress on Wednesday to answer questions from lawmakers. Members of the House Financial Services Committee were hoping assistant treasurer Edith O’Brien would explain the actions of the firm’s CEO, ex-New Jersey Gov. Jon Corzine.

O’Brien has recently been at the center of the MF Global scandal because of the role she played in the transfer of $175 million to cover an overdraft. It happened during the hectic last few days before the firm’s bankruptcy; lawmakers are trying to determine whether the funds came from customer accounts.
full story at link

Applecart

2nd April 2012, 23:16

tnx for all the reports sabrina

Daozen

3rd April 2012, 06:54

Yep we all appreciate it. I log on the thread about 3 times a day.

Sabrina

3rd April 2012, 21:17

http://news.sky.com/home/business/article/16201858
3 April

BSkyB Chairman James Murdoch Steps Down

James Murdoch has resigned as chairman of BSkyB, saying he did not want his position to become a "lightning rod" for the company.

Mr Murdoch stood aside from his role with immediate effect at a board meeting on Tuesday afternoon, but will remain a non-executive director of the company, which owns Sky News.

His departure comes despite receiving backing from BSkyB shareholders, who reappointed him at the company's annual general meeting last November.
Explaining his resignation, Mr Murdoch said he wanted to distance the television broadcaster from events at News International (NI).

n a letter to the board, he wrote he was "determined that the interests of BSkyB should not be undermined by matters outside the scope of the company".
Mr Murdoch leaves the position just weeks before an MPs' report is published into phone-hacking practices at the now-defunct News Of The World, which was published by NI.
He said in his letter: "I have been privileged to serve first as chief executive and then as chairman of this outstanding company and I am proud of what we have achieved over this period.

"As attention continues to be paid to past events at News International, I am determined that the interests of BSkyB should not be undermined by matters outside the scope of this company."

He added: "I am aware that my role as chairman could become a lightning rod for BSkyB and I believe that my resignation will help to ensure that there is no false conflation with events at a separate organisation."

Shares in BSkyB closed on Tuesday 0.8% or 5.5p lower on the day at 675.5p.
The company's deputy chairman, Nicholas Ferguson, will take over from Mr Murdoch.
Mr Ferguson said: "The board's support for James and belief in his integrity remain strong.
"We understand his decision to step aside at this time and we both welcome and look forward to his continued contribution as a non-executive director."
In a statement Rupert Murdoch, the chairman and CEO of News Corporation - the 39% controlling shareholder of BSkyB - paid tribute to his son's "successful leadership".

"He has played a major role in propelling the company into the market-leading position it enjoys today - and in the process has been instrumental in creating substantial value for News Corporation shareholders," the senior Mr Murdoch said.

The development follows Mr Murdoch junior's decision in February to leave his role as executive chairman of News International, the UK newspaper business of News Corporation, which has been hit by allegations of phone hacking.

News International publishes The Times, The Sunday Times and the Sun, and published the News Of The World before it was shut down last July.

Nicholas Ferguson will take over from Mr Murdoch as BSkyB chairman

Mr Murdoch junior said in a letter to the Department for Culture, Media and Sport (DCMS) select committee last month that he accepted his share of the blame for not uncovering phone hacking at the Sunday tabloid sooner, but denied he had turned a "blind eye" to allegations of criminal wrongdoing.
The cross-party MPs that make up the DCMS are due to publish a report following their inquiry into phone hacking towards the end of April.
John Whittingdale, chairman of the DCMS committee, said he was not wholly surprised by Mr Murdoch's decision.
"The name Murdoch is a powerful one and the fact he was in the chair at BSkyB was always going to continue to provoke controversy," he said.
Pressure on Mr Murdoch intensified last month when the media regulator Ofcom stepped up its inquiry into whether BSkyB is a "fit and proper" broadcaster given the circumstances surrounding News Corporation and Mr Murdoch.

Maia Gabrial

3rd April 2012, 21:36

I'm not buying into it. Arrests mean nothing. Prosecution does.
And compared to all the global criminals and their accomplices, these few resignations mean nothing. But this is a good start....

Sabrina

3rd April 2012, 21:49

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9182886/Top-JP-Morgan-banker-Ian-Hannam-resigns-over-450000-fine-for-market-abuse.html
3 April UK
Top JP Morgan banker Ian Hannam resigns over £450,000 fine for market abuse
Ian Hannam, one of the City's most enigmatic bankers, has resigned from JP Morgan after being fined £450,000 by the Financial Services Authority for market abuse related to passing on insider information.

The City watchdog said it chose to "punish" Mr Hannam, JP Morgan's global chairman of equity capital markets, for relaying inside information about his client Heritage Oil to another contact in 2008.

The FSA said that while Mr Hannam "did not act without honesty or integrity" he should have known better because he was "a very senior banker" and "a role model". The regulator said the fine was also intended as a deterrent for "him and others" against committing market abuse.

However, many in the City hit back at the FSA and backed Mr Hannam. Mick Davis, Xstrata chief executive, said Mr Hannam was "a great credit to his profession". Martin Gilbert of Aberdeen Asset Management said his company would not have survived or been in the FTSE without the banker named "king of the miners".

David Davis, the former Tory leadership candidate who has backed Mr Hannam in his efforts to fight the FSA charges, branded the regulator "dysfunctional" and said its case was "astonishing".

"I really can't find where the common sense charge is. There has been no benefit, no loss, no trade," said Mr Davis. "To destroy someone's career just to extend the law about what is considered insider information is beyond what is reasonable. You don't try to convict people and then make it law. The FSA... have turned to scalp-taking missions."

However, a source close the FSA said the allegations were "plain and simple" and part of a "significant area of interest" for the regulator.
"There are clear regulatory responsibilities that bankers have. The fact that no one traded on this information is by the by – they could have," the source said.
The case has already been heard by the Regulatory Decisions Committee – an independent body of City experts – whose findings Mr Hannam will now fight in a tribunal.
The RDC notice said: "Mr Hannam's behaviour was not in the proper course of his employment, profession or duties. He disclosed inside information where this was unnecessary, unwarranted and purely in the furtherence of his client's commercial interests. Doing so was not reasonable."

The FSA's charge centres on two emails sent by Mr Hannam to Mr A – thought to be a Kurdistani politician – and a third party, Mr B, about Heritage Oil. JP Morgan was trying to sell the oil company on behalf of its boss, Tony Buckingham.

In September 2008, Mr Hannam sent Mr A an email telling him there was an offer for Heritage priced at 350p to 400p a share. "I'm not trying to force your hand, just wanted to make you aware of what was happening," he said. The following month, another email drafted on Mr Hannam's behalf said: "PS - Tony, has just found oil and it is looking good."

Following Tuesday's move by the FSA, Mr Hannam said he would stay on at JP Morgan to oversee deals such as the planned £50bn merger of Glencore and Xstrata and then step down to avoid "unfair distraction to my clients and colleagues".
He added: "It is important to note that the FSA has not challenged my fit and proper status and has accepted that I acted with honesty and integrity. I strongly believe... the FSA's conclusions are wrong."

Sabrina

3rd April 2012, 22:04

I'm not buying into it. Arrests mean nothing. Prosecution does.
And compared to all the global criminals and their accomplices, these few resignations mean nothing. But this is a good start....

Quite a few arrests and significant fines already posted here, plus resignations due to corruption charges. Kwok Brothers - Hong Kong - a very big recent one. And these already posted.
Updated 3/27/12

This is a new list I've started on banker arrests. This is preliminary and not complete. This research in progress. If you know of any additional arrests please send use the URL to americankabuki@yahoo.com
WORLDWIDE LIST OF ARRESTED BANKERS

10/06/11 (HONG KONG) Deutsche Bank Asia, senior banker Yan Shen, 43, who headed the North Asia institutional clients group escaped a prison sentence Thursday after he was found in possession of a gun at Hong Kong's international airport. Yan Shen, was discovered carrying the unlicensed pistol and ammunition during a search of his baggage in the departure lounge of Chek Lap Kok Airport. The offence carries a maximum jail sentence of 14 years, but Shen was spared jail after the court heard he suffered a personality disorder and liked to collect things. Sentencing him to 240 hours of community service and a fine of 50,000 Hong Kong dollars (6,400 US dollars), the judge said he did not accept Yan's excuse that he was unaware it was illegal to possess firearms. However, the judge said he had decided not to jail Yan because prison might interfere wih treatment for his disorder.
http://goo.gl/66aO4
10/11/11 (NIGERIA) Nigeria’s secret police (SSS) Tuesday confirmed the arrest of three persons including a Lagos banker it said facilitated the October 01, 2010, Independence Day bombing in Abuja that killed several persons and injured many others. Media reports had earlier identified the banker as Nonso Nnaemeka, while one of the suspects was identified as Jessica David, aka Segun.
http://goo.gl/ZXeWO
11/01/11 (IRAN) Bank Melli, Mr. Khavari, a dual Iranian-Canadian citizen, left Iran in September as prosecutors there announced they wanted to question him in connection with a $2.6-billion embezzlement scandal that has led to the arrest of several bankers. Tehran also wants an international warrant for Mr. Khavari’s arrest. Canada has no extradition treaty with Iran. Mr. Khavari could be stripped of his Canadian citizenship. The banker’s continuing freedom and apparent wealth – he and his family own several Toronto properties – have angered Iranian diaspora groups. It’s unclear how he could become a Canadian citizen while working in Iran as an elite banker. Khavari is indicative of a much larger wave of people who have slipped into Canada. The Globe and Mail reported Monday that one of several brothers whose family business is at the heart of the Iranian embezzlement scandal moved to Montreal this past summer.
http://goo.gl/otcvi
11/07/11 (UAE - DUBAI) HSBC Analyst, Toby Carroll, Arrested In Dubai With Two Girlfriends For Extramarital Sex
http://goo.gl/7MkTX
11/23/11 (LITHUANIA) Snoras Bank and Latvijas Krajbanka Bank, Lithuania issues Arrest warrant for Russian banker and Portsmouth Football Club (UK) Owner Vladimir Antonov. Antonov, 36, owned 68 percent of Snoras before it was nationalized and had controlled Latvijas Krajbanka through a 60 percent stake owned by Snoras. Antonov is believed to spend most of his time in England, while Baranauskas, who held just over 25 percent in Snoras, is also abroad.100 million lats ($200 million) siphoned from the bank were used to increase its charter capital and finance Antonov's investment projects — including the failed attempt to buy out Saab.
http://goo.gl/nu5p5
11/23/11 (RUSSIA) Bank of Moscow, Russian prosecutors asked Interpol to issue an international arrest warrant for Bank of Moscow’s former Chief Executive Officer Andrei Borodin. Wanted for fraud in the misappropriation of government funds.
http://goo.gl/znvhC
11/23/11 (RUSSIA) Bank of Moscow, Russian prosecutors asked Interpol to issue an international arrest warrant for Bank of Moscow’s former vice president Dmitry Akulinin, a former vice president at the lender. Wanted for fraud in the misappropriation of government funds.
http://goo.gl/znvhC
12/01/11 (ICELAND) Glitnir Bank, Iceland's special prosecutor has taken Larus Welding, the former head of the failed Glitnir Bank, into custody, Reuters reports.
http://goo.gl/KqUN9
2/08/12 (CHINA) Yantai Bank, Chinese police arrest runaway banker Liu Weining, for embezzlement. Liu Weining, a branch head of Yantai Bank, was caught by police near a railway station in eastern city of Jinhua, Zhejiang Province, police said. Liu fled Yantai city in east Shandong Province at the end of January. Liu allegedly stole 436 million yuan (69.76 million U.S. dollars) worth of bank notes between April 2011 and January 2012. He reportedly had 290,000 yuan cash on him when caught.
http://goo.gl/MRnlX
2/14/12 (USA FL) Credit Suisse, Banker Christos Bagios, under U.S. house arrest for 60 more days in the U.S. state of Florida, as the man tries to resolve allegations of aiding U.S. clients in evading taxes. He has to wear a tracking device. Bagios was arrested in New York in January 2011 and accused in a criminal complaint of helping about 150 U.S. clients hide as much as $500 million from the tax-collecting IRS when he worked at UBS. Bagios is a Greek citizen and Swiss resident, and is accused of helping 150 clients evade taxes on about $500 million. Credit Suisse acknowledged last July that it had received a target letter from the U.S. Department of Justice notifying it that it was formally under criminal investigation for selling tax-evasion services to wealthy Americans. The bank has said it is cooperating with the investigation. Bagios was arrested in New York in January of last year but moved to a Florida housing development on $650,000 bond. He has to wear a tracking device.
http://goo.gl/hRlAq
2/16/12 (UK) BTA bank, UK court issues arrest warrant for Mukhtar Ablyazov, Kazakh billionaire accused of massive fraud Britain's High Court has issued an arrest warrant for Mukhtar Ablyazov, the Kazakh billionaire and former BTA bank chairman accused of committing one of the world’s biggest ever frauds.
http://goo.gl/75o7E
2/29/12 (SWITZERLAND) Hyposwiss Privatbank AG, Prosecutors in Switzerland say a man has been arrested on suspicion of stealing confidential customer data from a Swiss private bank. The Federal Prosecutor's office in Bern says the former contractor of Hyposwiss Privatbank AG was arrested Feb. 16 and remains in custody. Prosecutors say a criminal investigation was launched Jan. 19 after the unidentified man approached a law firm and offered to sell the confidential data. They declined to provide further information. Swiss daily Tages-Anzeiger reported Wednesday that the data partly concerned the account of a wealthy Russian businessman. Recent cases of stolen Swiss bank data being bought by foreign tax authorities have added to pressure on Switzerland to give up its strict banking secrecy rules. NOTE: This arrest appears to be an attack on a whistleblower by Swiss authorities!
http://goo.gl/XzaES
3/05/12 (RUSSIA) Vnesheconombank, Moscow City’s Tverskoi district court placed Anatoly Ballo, the Deputy CEO of the Russian development and foreign economic transactions bank Vnesheconombank, under house arrest. He is suspected of embezzling $14 million, a spokeswoman for the court said.
http://goo.gl/czZC4
3/12/12 (USA CT) Morgan Stanley, co-head of fixed-income capital markets William Bryan Jennings, was arrested and charged with second-degree assault, larceny and intimidation by bias or bigotry .
http://goo.gl/6VHu8
3/14/12 (NIGERIA) First Bank Plc, An Abuja High Court on Tuesday issued a warrant for the arrest of the Head of Operations, First Bank Plc, Ikorodu branch, Lagos, Mrs. Ayodele Omolayo. The ICPC maintained that NPC had, in compliance with the directive of the late President Umaru Yar’Adua, issued a cheque of N60m to the Office of the Accountant-General of the Federation as unspent funds for 2007. But upon the receipt of the cheque, the four accused persons paid it into a private account in Ikorodu, Lagos, and later withdrew the money at another bank in Victoria Island, Lagos. Others charged were officials of the Office of the Accountant-General of the Federation; Mr. Johnson Kolawole and Mr. Kola Ajala, a dispatch rider with Finbank Plc, Victoria Garden City branch, Lagos.
http://goo.gl/p4kNY
3/16/12 (CHINA) Standard Charter Bank, China has arrested Wu Yidian Eden, an employee of Standard Chartered Bank, as a probe into one of her clients. On March 6, the police detained Ms Wu, yet the latter has not been accused for committing any crime. A client of Ms Wu has been accused of escaping from China after robbing almost $50m (£32m) from the bank. Standard Chartered Bank announced the detention of Ms Wu but said no investigation has taken place yet.
http://goo.gl/Hxqxs
3/24/12 (RUSSIA) Vladimir Putin issues arrest warrant for George Soros.
http://goo.gl/BP4Rr
3/26/12 (UK) UBS, Trader Kweku Adoboli, 31, arrested on suspicion of a staggering £1.3billion fraud at UBS is believed to have blown the whistle on himself about the unauthorised deals.
http://goo.gl/WSrPd
3/26/12 (CHINA) Agricultural Bank of China, China has launched an international hunt for a former bank chief accused of fleeing with more than 100 million yuan ($16 million) illegally raised from relatives and friends. The Ministry of Public Security has issued an arrest warrant for Sun Feng, the former head of the Yaosai branch of the Agricultural Bank of China in Jiangyin in East China's Jiangsu province.
http://goo.gl/imXmk
3/26/12 (SPAIN) Spanish Mortgage Broker Arrested
http://goo.gl/jASX9
3/26/12 (USA MO) Sun Security Bank, A former employee of Sun Security Bank in Ellington, Missouri, has been sentenced for embezzling $444,000 from a customer's bank account. Black pled guilty in December 2011 to two felony counts of bank embezzlement and was ordered to pay restitution of $451,000.
http://goo.gl/uHxpM
3/28/12 (PHILIPINES) Banker and Ponzi Scammer, Celso de los Angeles, under hospital arrest dies.
http://goo.gl/Vxala

Sabrina

3rd April 2012, 22:14

Facebook's Global Resignations Site 3rd April:

Worldwide resignations for April 03/02 (direct link to The List: http://tinyurl.com/7fdhsxz )

-> Not a bad catch today, seems it hasn't completely ended!
As always, any suggestions/findings you might have - send them by personal message. Thanks!

- One of London's most prominent bankers for JP Morgan resigns - fined for passing on inside info

- (UK) Chairman of NYSE Euronext's Liffe to step down

- (US) Hampden Bancorp Inc chairman resigns

- (Austria) Raiffeisen Bank (largest Austrian bank) director steps down

- (US) Endurance Specialty Holdings (global insurance) CRO steps down

- (US) Two Goldman Sachs directors step down from board

- (Costa Rica) Finance Minister resigns over tax scandal

- (Serbia) Serbian President resigns

- (US) Northern Virginia Delegate resigns from politics after admitting to extramarital affair

- (UK) Shire Specialty Pharmaceuticals president resigns

- (UK) ECR Minerals (mining investment) chairman resigns

- (UK) *James Murdoch* quits as BSkyB chairman
http://tinyurl.com/c4wny9p

- (Canada) Canadian Natural Resources Ltd (oil & gas) director resigns
15

Sabrina

3rd April 2012, 22:21

http://www.bizjournals.com/charlotte/blog/power_city/2012/04/westinghouse-ceo-resigns-abruptly.html
3 April
Westinghouse CEO resigns abruptly

Our sister paper in Pittsburgh reports strange doings at Westinghouse headquarters where Chief Executive Jim Ferland has resigned just days after taking office April 1.

“The reason for the resignation wasn’t disclosed,” reports Paul Gough of the Pittsburgh Business Times. “But Ferland apparently is going to another job.”

Westinghouse is the developer of the AP1000 nuclear reactor, the first new generation nuclear reactor approved for use in U.S. nuclear plants in the United States in decades. The AP1000 is the reactor for two units being built at Southern Co.’s Plant Vogtle in Georgia and Scana’s V.C. Summer Nuclear Station in South Carolina. It is also the reactor Duke Energy plans to use at its proposed Lee Nuclear Station near Gaffney.

Westinghouse has a growing presence in Charlotte, where it has nuclear engineering facilities. Ferland had been slated to participate in the Charlotte Business Journal’s Energy Inc. conference later this month.

In a press release, Westinghouse says Board Chairman Shigenori Shiga would take over Ferland CEO duties, assisted by Chief Operating Officer Ricardo Perez.
Westinghouse is owned by Toshiba, where Shiga had been an executive.

foreverfan

3rd April 2012, 22:49

Sabrina

4th April 2012, 19:37

http://www.thisislondon.co.uk/business/business-news/chinese-premier-calls-for-banking-reform-7618059.html
4 April
Chinese premier calls for banking reform

Chinese Premier Wen Jiabao took a leaf out of Vince Cable’s book today, calling for the monopoly of state-owned banks in the world’s second largest economy to be broken.

“Frankly, our banks make profits far too easily. Why? Because a small number of major banks occupy a monopoly position, meaning one can only go to them for loans and capital,” the country’s second highest ranking politician said, according to China National Radio. “That’s why right now, as we’re dealing with the issue of getting private capital into the finance sector, essentially, that means we have to break up their monopoly.”

There are some signs that reform is on the way. Last week the government approved reforms in the city of Wenzhou designed to encourage private investment in local banks. However, China’s leadership is set to change in October, when a new Communist Party general secretary and a new premier are due to be appointed. This has prompted some analysts to question whether the financial reforms, which threaten powerful vested interests, will be continued.

China’s banking sector is controlled by four large players, which pay extremely low interest rates on savings and make cheap loans to state-owned enterprises and local governments.

Sabrina

4th April 2012, 19:47

http://www.thenigerianvoice.com/nvnews/86721/1/bankole-court-warns-efcc-against-unseriousness.html
Nigeria 4 April

LAGOS, April 03, (THEWILL) - Barely twenty four hours after a Federal High Court in Lagos discharged former chief executive officer of Intercontinental Bank, Erastus Akingbola on grounds of prosecution deficiencies, another judge of the court, Donatus Okorowo on Tuesday warned the prosecutor of the charges against former Speaker of the House of Representatives, Dimeji Bankole to handle the case with dispatch.

Bankole was charged by the Economic and Financial Crimes Commission (EFCC) on 16 counts of contract fraud.

At the resumed trial yesterday, Justice Okorowo gave the warning after counsel to the EFCC, Oghenovo Otemu, who stood in for Festus Keyamo, asked for an adjournment to enable him assemble witnesses. Otemu had earlier informed the court that lead counsel for EFCC, Keyamo was unwell and could not make it to court.

Opposing the application for adjournment, Bankole's Counsel, Olawale Akoni (SAN) argued that the prosecution had no urgent reason to seek an adjournment. He said that although his client was on bail, his freedom was still at stake, and conducting the trial in instalments would infringe on his liberty. He asked the court to limit the time within which prosecution could complete its case.

But Justice Okorowo said it would be wrong for the defence to stampede prosecution, as being hard on them would give an impression that they were not being denied the chance to present their case.

He however said it was not in the interest of justice for prosecution to hold the case for too long, and advised that they discuss with EFCC for appropriate prosecution of the matter. He also warned that he would not tolerate incessant adjournments. The case has been adjourned till May.

¤=[Post Update]=¤

Serbia president likely resign on Wednesday
04 April 2012 | 10:09 | FOCUS News Agency
Home / Southeast Europe and Balkans
Belgrade. It is possible for Serbian President Boris Tadic to hand in his resignation on Wednesday, The Echo of Moscow reports, citing Serbian B92 Radio.
Sources of the media announce that the president has informed his closest alleys about the move.
Analysts expect Boris Tadic to run for president again in order to boost the rating of his party – the Democratic Party, at the parliamentary elections.
If the president resigns now, the presidential and parliamentary elections in Serbia could be held on one day – May 6.

¤=[Post Update]=¤

Dost Muhammad Khosa submits resignation
- 4th April 2012 Pakistan
By Farrukh Shabbir
The Provincial minister of commerce and trade, Dost Muhammad Khosa has announced his resignation from the provincial ministry.

¤=[Post Update]=¤

IAM Global Long/Short Equity Strategy Fund Ltd. (the "Fund")
4 April London Stock exchange

Re: Resignation of Director

The Board of Directors of the Fund (the "Board") wishes to announce that Albert Fuss has resigned as a director of the Fund with effect from 30 March 2012.

Sabrina

4th April 2012, 19:51

http://www.zerohedge.com/news/hope-fades-london-superstar-fx-trader-arrested

Hope Fades As London 'Superstar' FX Trader Is Arrested

How the self-described 'mighty' have fallen. It was a month ago when we first heard of this mysterious British FX trader who dropped $300k in a Liverpudlian nightclub on a bottle of champagne that weighed more than the models he was 'dating' that night. The 'talented, charismatic, and likable' Alex Hope has been arrested by London's Financials Services Authority (FSA) in connection with an investigation into a suspected unauthorized FX trading scheme. As City A.M reports this morning, Hope's publicist confirms he is the 23 year old in question - though he 'obviously' denies all allegations. The schadenfreude on London's FX 'trading' desks (as opposed to bucket-shop retail-mauling FX 'brokerage' shops) is palpable from what we hear as 'it couldn't have happened to a nicer guy' echoes off the City's pub ceilings. As yet no charges have been filed - we await with baited breath for the sad truth to be outed.

Sabrina

4th April 2012, 19:56

http://www.thisislondon.co.uk/business/business-news/former-lloyds-boss-quits-as-bt-director-7618653.html
4 April UK
Former Lloyds boss quits as BT director

Former Lloyds Banking Group boss Eric Daniels, who presided over the disastrous merger with HBOS, has quit as a non-executive director of telecoms giant BT.

Daniels leaves the £76,000-a-year post after just four years.

The American came under fire at Lloyds after it was bailed out by the taxpayer and some of his bonus was clawed back over payment protection insurance mis-selling.

Sabrina

4th April 2012, 20:09

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9186872/RBS-investment-chief-John-Hourican-makes-4.8m-selling-banks-shares.html
4 April
James Murdoch should stand down from News Corp, says Christian Brothers Investment Services
A powerful US investment group has called on James Murdoch to follow-up his resignation as chairman of BSkyB and stand down from the board of News Corporation.

http://www.digitalspy.co.uk/media/news/a374566/rupert-murdoch-facing-calls-to-stand-down-as-news-corp-chairman.html
3 April
Rupert Murdoch facing calls to stand down as News Corp Chairman

News Corporation is facing growing calls to remove Rupert Murdoch from his role as chairman of the board, heaping more pressure on the billionaire.

In a proxy proposal, influential investment group Christian Brothers Investment Services (CBIS) asked the media giant to appoint an independent chairman to lead the board.

Reuters notes that even though the nonbinding resolution is unlikely to secure the majority of votes, it could heap pressure on the board to remove Murdoch, who currently acts as chairman and chief executive of News Corp.

It also shows that News Corp shareholders remain concerned about the UK phone hacking scandal and the control Murdoch has over the business.

CBIS, which manages $4bn in funds mainly for Catholic institutional clients, is among a group of investors calling for major reform to the governance of News Corp.

Julie Tanner, who oversees socially responsible investing for Christian Brothers in New York, told Reuters that News Corp was "stepping into the scandal with a flawed corporate governance structure".

Christian Brothers has previously been able to use its weight to force change in governance at other firms, including convincing Goldman Sachs Group last year to make the board role of presiding director more powerful.

It has also pushed in many cases for companies to appoint independent chair roles to increase their accountability.

Sabrina

4th April 2012, 20:15

http://www.latimes.com/business/money/la-fi-moco-stocks-suffer,0,6187268.story
4 April USA
Stocks suffer worst slump of the year

Wall Street took a drubbing Wednesday as investors worried that the Federal Reserve might not be willing to pump more money into the U.S. economy.

Minutes released from the central bank’s last rate-setting meeting indicated that policymakers appeared reluctant to inject more cash into the financial system. There had been hopes the Fed would buy bonds — a strategy known in the past as quantitative easing — to boost the economy.

Stocks suffered their worst decline so far this year. About two hours before the closing bell, the Dow Jones industrial average had dropped 159.27 points, or 1.21%, to 13,040.24. Broader markets also fell, with the Standard & Poor’s 500 index down 18.18, or 1.29%, at 1,395.18 and the tech-heavy Nasdaq composite losing 58.73, or 1.89%, to 3,054.87.

Sabrina

4th April 2012, 20:27

And now for something completely different - and will they resign or disappear behind bars?

http://the2012scenario.com/2012/04/ever-wondered-just-who-is-the-committee-of-300/#more-109852
4 April

The 2012 Scenario

Ever Wondered Just Who Is The Committee of 300?
2012 APRIL 4

Posted by Stephen Cook
Ever Wondered Just Who Is The Committee of 300?
It is said they are a tight-knit group of elitists who have been pulling the strings of our various governments and ruling all our lives up until recently.

Ben Fulford pointed directly to them this week in his latest post.

But have you ever wondered exactly who the members of the Committee of 300 are? I know I have.

As we know from all our sources – from SaLuSa to Matthew Ward, from David Wilcock to Ben Fulford and, more recently Drake and Cobra – mass arrests of the dark cabal are about to take place.

Which means they won’t be around much longer in their current jobs and homes.

So, just in case you didn’t know who they all are – like me - and just so we all know who they are when they are arrested for their crimes to humanity and this planet very soon, I followed the link in Ben’s post.

Here’s what I found…

This is a short excerpt from the site’s home page:

http://www.pseudoreality.org/

The Committee of 300 governs the world via a three-city state empire, in which the cities pay no taxes and obey their own laws.

City of London Corporation – Financial power centre, established in 1067
District of Columbia – Military power centre, established in 1871
Vatican City – Religious power centre, sovereign in 1929

The Committee of 300 uses a network of roundtable groups, think tanks and secret societies which control the world’s largest financial institutions and governments. The most prominent of these groups include Chatham House, Bilderburg Group, Trilateral Commission, Council on Foreign Relations, Ditchley Foundation, Club of Rome, RAND Corporation, PNAC and of course Freemasonry.

Western Europe, excluding the German Empire, was united by the House of Guelph in 1815. The German Empire was conquered in 1918 along with the Russian Empire and the Ottoman Empire following World War I. The thousand year war between the Guelph’s and Ghibelline’s finally concluded with the Axis defeat in WWII, and the introduction of nuclear weapons, since then the world has been under monopolist control.

The victors of WWII play off the Germanic race as losers in that ideologically staged war. The Germanic race was in fact spectacular winners, crushing the mighty Japanese Empire and recapturing control over the Holy Land. Communism was allowed to spread through Eastern Europe and Asia, proving to be a superior method of conquering peoples than warfare. Communism in the forms of socialism, Outcome Based Education and slanted mass media has spread through the western world converting people by suggestion to Marxist-Leninist ideology.

Following WWII in 1946 the Tavistock Institute was established in London with a grant from the Rockefeller Foundation. Tavistock’s pioneer work in behavioural science along Freudian lines of ‘controlling’ humans established it as the world centre of foundation ideology. “All Tavistock and American foundation techniques have a single goal—to break down the psychological strength of the individual and render him helpless to oppose the dictators of the World Order. Any technique which helps to break down the family unit, and family inculcated principles of religion, honour, patriotism and sexual behaviour, is used by the Tavistock scientists as weapons of crowd control.”

This section then goes into a whole spiel about World War III, which the Galactics have told us will not happen.

So I will leave you to your own discretion here if you wish to keep reading: http://www.pseudoreality.org/

But another section of the site lists what Ben Fulford says he believes is the most accurate listing of the Committee of 300.

Some names I know. Some I don’t. You may.

But there are enough well known faces from world politics – past and present, royalty, the church and financial families for me to relate to.

And so, for posterity’s sake, here they are.

Current Membership List of The Committee of 300

http://www.pseudoreality.org/committeeof300.html

Abdullah II, King of Jordan
Abramovich, Roman
Ackermann, Josef
Adeane, Edward
Agius, Marcus
Ahtisaari, Martti
Akerson, Daniel
Albert II, King of Belgium
Alexander, Crown Prince of Yugoslavia
Amato, Giuliano
Anderson, Carl A.
Andreotti, Giulio
Andrew, Duke of York
Anne, Princess Royal
Anstee, Nick
Ash, Timothy Garton
Astor, William Waldorf
Aven, Pyotr
Balkenende, Jan Peter
Ballmer, Steve
Balls, Ed
Barroso, José Manuel
Beatrix, Queen of the Netherlands
Belka, Marek
Bergsten, C. Fred
Berlusconi, Silvio
Bernake, Ben
Bernstein, Nils
Berwick, Donald
Bildt, Carl
Bischoff, Sir Winfried
Blair, Tony
Blankfein, Lloyd
Blavatnik, Leonard
Bloomberg, Michael
Bolkestein, Frits
Bolkiah, Hassanal
Bonello, Michael C
Bonino, Emma
Boren, David L.
Borwin, Duke of Mecklenburg
Bronfman, Charles
Bronfman, Edgar Jr.
Bruton, John
Brzezinski, Zbigniew
Budenberg, Robin
Buffet, Warren
Bush, George HW
Cameron, David
Camilla, Duchess of Cornwall
Cardoso, Fernando Henrique
Carington, Peter
Carl XVI Gustaf, King of Sweden
Carlos, Duke of Parma
Carney, Mark
Carroll, Cynthia
Caruana, Jaime
Castell, Sir William
Chan, Anson
Chan, Margaret
Chan, Norman
Charles, Prince of Wales
Chartres, Richard
Chiaie, Stefano Delle
Chipman, Dr John
Chodiev, Patokh
Christoph, Prince of Schleswig-Holstein
Cicchitto, Fabrizio
Clark, Wesley
Clarke, Kenneth
Clegg, Nick
Clinton, Bill
Cohen, Abby Joseph
Cohen, Ronald
Cohn, Gary
Colonna di Paliano, Marcantonio, Duke of Paliano
Constantijn, Prince of the Netherlands
Constantine II, King of Greece
Cooksey, David
Cowen, Brian
Craven, Sir John
Crockett, Andrew
Dadush, Uri
D’Aloisio, Tony
Darling, Alistair
Davies, Sir Howard
Davignon, Étienne
Davis, David
de Rothschild, Benjamin
de Rothschild, David René
de Rothschild, Evelyn
de Rothschild, Leopold
Deiss, Joseph
Deripaska, Oleg
Dobson, Michael
Draghi, Mario
Du Plessis, Jan
Dudley, William C.
Duisenberg, Wim
Edward, Duke of Kent
Edward, Earl of Wessex
Elizabeth II, Queen of the United Kingdom
Elkann, John
Emanuele, Vittorio, Prince of Naples
Ernst August, Prince of Hanover
Feldstein, Martin
Festing, Matthew
Fillon, François
Fischer, Heinz
Fischer, Joschka
Fischer, Stanley
FitzGerald, Niall
Franz, Duke of Bavaria
Fridman, Mikhail
Friso, Prince of Orange-Nassau
Gates, Bill
Geidt, Christopher
Geithner, Timothy
Georg Friedrich, Prince of Prussia
Gibson-Smith, Dr Chris
Gorbachev, Mikhail
Gore, Al
Gotlieb, Allan
Green, Stephen
Greenspan, Alan
Grosvenor, Gerald, 6th Duke of Westminster
Gurría, José Ángel
Hague, William
Hampton, Sir Philip
Hans-Adam II, Prince of Liechtenstein
Harald V, King of Norway
Harper, Stephen
Heisbourg, François
Henri, Grand Duke of Luxembourg
Hildebrand, Philipp
Hills, Carla Anderson
Holbrooke, Richard
Honohan, Patrick
Howard, Alan
Ibragimov, Alijan
Ingves, Stefan
Isaacson, Walter
Juan Carlos, King of Spain
Jacobs, Kenneth M.
Julius, DeAnne
Juncker, Jean-Claude
Kenen, Peter
Kerry, John
King, Mervyn
Kinnock, Glenys
Kissinger, Henry
Knight, Malcolm
Koon, William H. II
Krugman, Paul
Kufuor, John
Lajolo, Giovanni
Lake, Anthony
Lambert, Richard
Lamy, Pascal
Landau, Jean-Pierre
Laurence, Timothy
Leigh-Pemberton, James
Leka, Crown Prince of Albania
Leonard, Mark
Levene, Peter
Leviev, Lev
Levitt, Arthur
Levy, Michael
Lieberman, Joe
Livingston, Ian
Loong, Lee Hsien
Lorenz of Belgium, Archduke of Austria-Este
Louis Alphonse, Duke of Anjou
Louis-Dreyfus, Gérard
Mabel, Princess of Orange-Nassau
Mandelson, Peter
Manning, Sir David
Margherita, Archduchess of Austria-Este
Margrethe II, Queen of Denmark
Martínez, Guillermo Ortiz
Mashkevitch, Alexander
Massimo, Stefano, Prince of Roccasecca dei Volsci
Massimo-Brancaccio, Fabrizio Prince of Arsoli and Triggiano
McDonough, William Joseph
McLarty, Mack
Mersch, Yves
Michael, Prince of Kent
Michael, King of Romania
Miliband, David
Miliband, Ed
Mittal, Lakshmi
Moreno, Glen
Moritz, Prince and Landgrave of Hesse-Kassel
Murdoch, Rupert
Napoléon, Charles
Nasser, Jacques
Niblett, Robin
Nichols, Vincent
Nicolás, Adolfo
Noyer, Christian
Ofer, Sammy
Ogilvy, Alexandra, Lady Ogilvy
Ogilvy, David, 13th Earl of Airlie
Ollila, Jorma
Oppenheimer, Nicky
Osborne, George
Oudea, Frederic
Parker, Sir John
Patten, Chris
Pébereau, Michel
Penny, Gareth
Peres, Shimon
Philip, Duke of Edinburgh
Pio, Dom Duarte, Duke of Braganza
Pöhl, Karl Otto
Powell, Colin
Prokhorov, Mikhail
Quaden, Guy
Rasmussen, Anders Fogh
Ratzinger, Joseph Alois (Pope Benedict XVI)
Reuben, David
Reuben, Simon
Rhodes, William R.
Rice, Susan
Richard, Duke of Gloucester
Rifkind, Sir Malcolm
Ritblat, Sir John
Roach, Stephen S.
Robinson, Mary
Rockefeller, David Jr.
Rockefeller, David Sr.
Rockefeller, Nicholas
Rodríguez, Javier Echevarría
Rogoff, Kenneth
Roth, Jean-Pierre
Rothschild, Jacob
Rubenstein, David
Rubin, Robert
Ruspoli, Francesco, 10th Prince of Cerveteri
Safra, Joseph
Safra, Moises
Sands, Peter
Sarkozy, Nicolas
Sassoon, Isaac
Sassoon, James
Sawers, Sir Robert John
Scardino, Marjorie
Schwab, Klaus
Schwarzenberg, Karel
Schwarzman, Stephen A.
Shapiro, Sidney
Sheinwald, Nigel
Sigismund, Grand Duke of Tuscany, Archduke of Austria
Simeon of Saxe-Coburg and Gotha
Snowe, Olympia
Sofía, Queen of Spain
Soros, George
Specter, Arlen
Stern, Ernest
Stevenson, Dennis
Steyer, Tom
Stiglitz, Joseph
Strauss-Kahn, Dominique
Straw, Jack
Sutherland, Peter
Tanner, Mary
Tedeschi, Ettore Gotti
Thompson, Mark
Thomson, Dr. James
Tietmeyer, Hans
Trichet, Jean-Claude
Tucker, Paul
Van Rompuy, Herman
Vélez, Álvaro Uribe
Verplaetse, Alfons
Villiger, Kaspar
Vladimirovna, Maria, Grand Duchess of Russia
Volcker, Paul
von Habsburg, Otto
Waddaulah, Hassanal Bolkiah Mu’izzaddin, Sultan of Brunei
Walker, Sir David
Wallenberg, Jacob
Walsh, John
Warburg, Max
Weber, Axel Alfred
Weill, Michael David
Wellink, Nout
Whitman, Marina von Neumann
Willem-Alexander, Prince of Orange
William Prince of Wales
Williams, Dr Rowan
Williams, Shirley
Wilson, David
Wolfensohn, James
Wolin, Neal S.
Woolf, Harry
Woolsey, R. James Jr.
Worcester, Sir Robert
Wu, Sarah
Zoellick, Robert

Operator

4th April 2012, 20:48

I always understood/thought the committee of 300 were people not from the public arena (?)

Queen Beatrix and her 3 sons are already making up more than 1% then ...
Also I cannot see Jan Peter Balkenende as a vicious politician (stubborn maybe). Rather a little 'clown' like. He often was a target for satire in his recent years.
In a documentary about the queen (Beatrix) they showed that the queen wasn't very much aligned with mr. Balkenende. I think his name is only
in this list because he attended the Bilderberg meeting once. Probably because he must have insisted while he, as the then dutch prime minister, was politically
responsible for the queen.

Maia Gabrial

4th April 2012, 23:13

Posted by Maia Gabrial (here)
I'm not buying into it. Arrests mean nothing. Prosecution does.
And compared to all the global criminals and their accomplices, these few resignations mean nothing. But this is a good start....
Err.. you must have arrests to have prosecution.

I agree with you foreverfan. But how many of their kind have bought their way out of prosecution in the past? Remember that the legal system protects THEM not us. How many unfair decisions were made by the courts in favor of some big wig? Forgive my skepticism for now. More than anything, I want prosecutions to stick to those being arrested.... I'll be watching for the outcomes....

Sabrina

5th April 2012, 21:31

http://www.divinecosmos.com/start-here/davids-blog/1043-massarrests

MASS ARRESTS: David Wilcock Interviews Drake -- Transcript! 5 April

Thousands of top conspirators in finance, media, pharmaceuticals and government are about to be arrested. Read this landmark interview transcript with "Drake" now -- before it becomes front-page news!

Mozart has started a thread on this. ALso putting it here while we await more arrests!

¤=[Post Update]=¤

http://americankabuki.blogspot.co.uk/2012/04/goldman-sachs-engaged-in-secret-re.html#more
4 april
Goldman Sachs Engaged in Secret Re-Titling Into Goldman's Name Alone of Over 20 Million Shares Owned by Marvell Founders

PRESS RELEASE

March 28, 2012, 8:00 a.m. EDT
New Evidence Reveals Goldman Sachs Engaged in Secret Re-Titling Into Goldman's Name Alone of Over 20 Million Shares Owned by Marvell Founders

SIMILAR TO MF GLOBAL'S ALLEGED USE OF CLIENT FUNDS, NOW THE SUBJECT OF CONGRESSIONAL INVESTIGATION, GOLDMAN SACHS SECRETLY INSTRUCTED STOCK TRANSFER AGENT TO OBTAIN TITLE, WITHOUT CLIENTS' PERMISSION, TO CLIENT SHARES INTO GOLDMAN SACHS' NAME ALONE

SAN FRANCISCO, March 28, 2012 /PRNewswire via COMTEX/ -- The founders of Marvell Technology Group MRVL -1.45% , Dr. Sehat Sutardja and Ms. Weili Dai, are preparing to amend their claim filed with the San Francisco office of the Financial Industry Regulatory Authority (FINRA) against Goldman Sachs GS -1.75% and two account executives, alleging Goldman Sachs defrauded the two Silicon Valley executives of several hundreds of millions of dollars in the midst of the 2008 financial crisis. At that time, Dr. Sutardja and Ms. Dai were two of the largest victims of fraud by Goldman's Private Wealth Management Group. Today's breaking news reveals there will be an amended FINRA Claim based on new evidence that Goldman Sachs engaged in secret re-titling into Goldman's name alone of over 20 million shares owned by two founders of Marvell, Dr. Sutardja and Ms. Dai. In a series of transactions eerily similar to MF Global, currently under Congressional investigation for misusing client funds, the amended FINRA Claim will allege Goldman Sachs secretly instructed the stock transfer agent to obtain title to the Marvell shares only in Goldman Sachs' name, without their clients' permission.
full story at link

Sabrina

5th April 2012, 21:35

http://tribune.com.pk/story/355918/poland-ex-spy-boss-charged-over-alleged-cia-secret-prison/

Poland ex-spy boss 'charged over alleged CIA secret prison'
By AFP
Published: March 27, 2012

WARSAW: Poland has charged its former spy chief as part of a probe into claims it hosted a CIA “black site” where suspected al Qaeda members were allegedly tortured, a newspaper reported Tuesday.
The Gazeta Wyborcza said former intelligence chief Zbigniew Siemiatkowski told the paper that he had been charged but this was not confirmed by prosecutors leading the probe.

“I refused to testify before prosecutors and I will continue to do so at all stages of the proceedings, including before the court,” he said, citing reasons of state security.

Piotr Kosmaty, a spokesman for the prosecutor’s office in Krakow which is handling the probe, said: “The investigation… is being conducted under state secrecy laws and it must remain confidential.”
But he added: “No arrest has been made as part of the probe.”
Polish prosecutors launched an investigation in August 2008 into allegations that Warsaw had allowed the US Central Intelligence Agency to operate a secret prison on its soil to interrogate top suspects in the September 11, 2001 attacks.
The Council of Europe has said the Polish site, opened in December 2002, held several so-called “high-value detainees”, and claimed that other secret prisons were also set up in Romania and Lithuania.
One of the suspects believed to have been held in Poland was self-proclaimed 9/11 mastermind Khalid Sheikh Mohammed, who was arrested in Pakistan in 2003 and faces trial at a US military tribunal in Guantanamo Bay, Cuba.
The Polish government has repeatedly rejected the black site claims.
But Polish campaigners said in July that they had obtained official records about seven CIA planes — five of them carrying passengers — which landed in 2002 and 2003 at Szymany, a Polish military base in northeast Poland.
The Council of Europe has said black site detainees were held in secret, solitary confinement and subjected to “enhanced interrogation” that included such torture techniques as waterboarding, or simulated drowning.
Two Guantanamo inmates Abu Zubaydah and Abd al-Rahim al-Nashiri have lodged complaints that they were subject to torture on Polish soil.

Sabrina

5th April 2012, 21:38

http://www.allvoices.com/contributed-news/11872499-italy-bossi-resigned-due-to-corruption-huge-blow-for-lega-nord
5 April Italy

Italy : Bossi resigned due to corruption - "huge blow for Lega Nord '

Umberto Bossi has stepped down as political leader of the former ruling party Lega Nord. The former coalition partner of Silvio Berlusconi is embroiled in a major corruption scandal. That Associated Press reports.

The Italian police earlier this week attacked the headquarters of the Lega in Milan. The prosecution suspects that the treasurer Francesco Belsito has taken money from the election fund for the family of party leader Bossi. The car of Bossi's son and the renovation of Bossi's house would include so paid. The party would have been a very shady accounting and entertained the public prosecutor suspects include forgery and money laundering.

'Huge blow for the Lega Nord'

The scandal is embarrassing for the Lega Nord, as the party in the nineties has grown with the fight against corruption in Italian politics.

Sabrina

5th April 2012, 21:43

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9188522/News-Group-phone-hacking-scandal-costs-approach-240m.html
5 April

News Group phone hacking scandal costs approach £240m
The cost to News International of the phone hacking scandal has soared to £240m as writedowns, legal claims and redundancy payments have punched a hole in the accounts of Rupert Murdoch’s newspaper empire.

....However, the massive costs racked up so far could have little bearing on the final bill. Both the company and its auditors Ernst & Young point out it is almost impossible to know what that cost will be.
The accounts for News Group carry an “emphasis of matter” warning from the auditors - in accounting terms the equivalent of a yellow card.
Referring to the provisions made against civil claims, the auditor states: “The ultimate exposure of News Group Newspapers in relation to these matters is subject to significant uncertainty, and the total amounts …will be dependent on many factors, including the number of individuals making claims against the company, any findings as to the extent of their loss, as well as the potential size of any civil, administrative or criminal fines or penalties.”

full story at link

Sabrina

5th April 2012, 21:47

http://www.telegraph.co.uk/finance/commodities/9189814/BlueGold-closes-and-returns-funds-to-investors.html
5 april
BlueGold closes and returns funds to investors
BlueGold Capital, one of the world’s largest commodity hedge funds, is closing down and returning investors their money.

The $1bn (£650m) fund, founded by oil trading stars Pierre Andurand and Dennis Crema, has written to clients to tell them it is liquidating the entire portfolio and undertaking an “orderly closure”. Investors will receive about 98pc of their capital, the letter said, without giving a reason for the decision.

Like many energy specialist hedge funds, BlueGold has been struggling lately. The sharp oil price spike since the start of March caught many off guard, and that followed a difficult 2011.......

BlueGold is not the only commodity trader to have struggled lately. Clive Capital Management, another big oil speculator, lost $400m in a week in May last year after panic selling in the crude markets.
BlueGold declined to comment.

full story at link

Sabrina

5th April 2012, 21:53

http://allafrica.com/stories/201204040420.html
3 APRIL

Nigeria: Obasanjo Resigns as PDP BoT Chairman

Former President Olusegun Obasanjo has resigned as chairman of the Board of Trustees of the PDP.

In a statement he personally signed and made exclusively available to the News Agency of Nigeria (NAN) in Abuja on Tuesday, Obasanjo said he had sent the letter of resignation to the chairman of the party.

"I have formally sent in my letter of resignation as the Chairman of BOT of PDP to the National Chairman of the party as prescribed in the party's constitution," he said.

Sabrina

5th April 2012, 22:07

THU, APRIL 05, 2012 - 9:19 AM

PORT OF SPAIN – Chairman of the state-owned national airlines, Caribbean Airlines (CAL), George Nicholas III has resigned with immediate effective, less than 24 hours after Transport Minister Devant Maharaj was critical of his performance on television....Last August, Nicholas resigned after serving for only ten months. Although he gave no reason then for his decision, there had been much speculation that it was due to a decision by Government to scrutinize every major purchase by the airline may have triggered his resignation. (CMC)

¤=[Post Update]=¤

http://www.japantoday.com/category/politics/view/govt-accepts-resignations-of-4-ozawa-allies
5 APRIL JAPAN

TOKYO —
The ruling Democratic Party of Japan (DPJ) on Wednesday accepted the resignations from party posts of four parliamentarians who opposed the cabinet’s approval of the bill to raise the consumption tax.

The four—three senior vice ministers and a parliamentary secretary—are all allies of former DPJ leader Ichiro Ozawa who has strongly criticized the Noda government. Last Friday, immediately after the cabinet approved the bill, they held a news conference to announce they were quitting their posts.

¤=[Post Update]=¤

http://www.rajpharma.com/productsector/pharmaceuticals/Chairman-of-EMAs-key-drugs-evaluation-committee-resigns-unexpectedly-329052
5 April

Chairman of EMA's key drugs evaluation committee resigns unexpectedly

Eric Abadie, chairman of the European Medicines Agency's top most human drugs evaluation committee (the CHMP ), has resigned from his post unexpectedly

¤=[Post Update]=¤

http://www.abc27.com/story/17340061/city-officials-want-to-know-why-unkovic-quit
5 April USA

HARRISBURG, Pa. (WHTM) -
The fallout over the sudden resignation of Harrisburg's state-appointed receiver continues. Several city leaders now say they will block the appointment of another receiver until they find out why David Unkovic quit.

Unkovic left the position last week after only four months on the job. He had spoken out repeatedly about the city's mismanagement.

Many city leaders are concerned about the timing of his resignation because Unkovic had just announced he was calling for a criminal investigation into the city's botched incinerator deal. He also talked openly about feeling political pressure.

Many believe Unkovic was uncovering too much, and someone who didn't like that forced him out.

"Dave Unkovic is the one who mentioned the ethical cross-currents and issues in his resignation letter," City Controller Dan Miller said. "Those we cannot ignore. We must get to the bottom of that."

Several city leaders would like to see Unkovic put under oath and asked to reveal the names of the people who pressured him.

Sabrina

5th April 2012, 22:14

https://mninews.deutsche-boerse.com/content/ny-fed-mkts-group-head-brian-sack-resign-sept-14-2012
Central Banks
THURSDAY, APRIL 5, 2012 - 12:14
NY Fed: Mkts Group Head Brian Sack To Resign Sept 14, 2012

NEW YORK (MNI) - The following is the text of a statement by the New York Federal Reserve Bank Thursday:

The Federal Reserve Bank of New York today announced that Brian Sack, executive vice president and head of the Markets Group, is resigning from the Bank effective September 14, 2012.

Mr. Sack will remain in his current position as head of the Markets Group and Manager of the System Open Market Account (SOMA) until June 29, 2012, to help ensure a smooth transition. The New York Fed has started the search process for Mr. Sack's replacement.

http://wtvbam.com/news/articles/2012/apr/05/ny-fed-markets-group-chief-brian-sack-to-resign/

NEW YORK (Reuters) - Brian Sack, who oversees the U.S. Federal Reserve's dealings with Wall Street and was seen as a "rising star" within the central bank, will resign from his post later this year, the New York Fed said on its website on Thursday.

Sack's resignation is "entirely his own decision," and he has not lined up another job after he leaves the New York Fed, a Fed spokesman said.

More on his job:

http://www.zerohedge.com/article/worlds-most-important-trading-desk-not-goldman-9th-floor-33-liberty-street

The World's Most Important Trading Desk Is Not At Goldman, But Is On The 9th Floor Of 33 Liberty Street
Submitted by Tyler Durden on 11/10/2009 11:25 -0400

Even though our good Samaritan friends at One New York Plaza may take offense to this designation, the trading desk that controls the formerly free world is not located anywhere on the premises of Goldman Sachs, but is instead situated on the 9th floor of 33 Liberty Street, also known as the home New York Fed. From a trading desk cluster at this location, 39 year old Brian Sack controls the uber-secretive money flows that determine the daily fate of credit, equity and virtually all other markets, that have now been subsumed by the government's central planning ambitions and aspirations to determine each and every uptick in the increasingly more irrelevant S&P 500.
full story at link

¤=[Post Update]=¤

http://www.egypt-business.com/Web/details/1214-xg-Mansour-and-Maghraby-Family-member-resign-from-Credit-Agricole/4665
5 April

Egypt.com: Mansour and Maghraby Family member resign from Credit Agricole

The Maghrabi and Mansour families together own 17 percent of the Cairo bank’s total capital of LE1.14 billion.
Family members of two Mubarak-era ministers have left their posts on the board of Credit Agricole Egypt bank, state-run news agency MENA reported Tuesday.

The bank announced the resignation of members of the families of former Housing Minister Ahmed al-Maghrabi and former Transportation Minister Mohamed Lotfy Mansour, MENA said.

The Maghrabi and Mansour families together own 17 percent of the Cairo bank’s total capital of LE1.14 billion. The bank has a network of more than 70 branches across Egypt and operates four primary divisions: consumer, private, corporate and enterprise banking.

MENA quoted a statement from the bank as saying that Mansour resigned from his post as the CEO of the bank. His two brothers Yaseen and Youssef resigned as well from the posts as board members.

Last week, Credit Agricole Egypt announced that its board of directors has appointed Francois Edouard Drion as the bank’s new chairman of the board, replacing the former transportation minister.

MENA didn’t provide other details about other members of the two families who

¤=[Post Update]=¤

http://www.maltatoday.com.mt/en/newsdetails/news/national/200-million-fraud-investigation-into-Rome-s-Madoff-reaches-Malta-20120405
5 April

€200 million fraud investigation into Rome’s ‘Madoff’ reaches MaltaItalian magistrates send letter rogatory for documents of Portman Group auditors related to Gianfranco Lande.

Italian magistrates investigating an alleged €200 million fraud have requested some 40 boxes of documents of a Malta-based financial firm, Portman International Ltd.

Situated inside Floriana's Europa house, Portman International is being linked to businessman Gianfranco Lande - dubbed by the press as the Madoff of Rome's wealthy district Parioli - and other brokers involved in the fraud scandal.

According to reports, over €200 million in investments by rich professionals and Italian aristocrats were allegedly siphoned off to the British Virgin Islands.

Portman International is a member of the Portman International Group, and is a recognised auditor in Malta and a practicing accountant in the UK & Ireland. PCL International Holdings Ltd is licensed by the Malta Financial Services Authority to carry out Trust business.

In March 2011, Rome's attorney general arrested the broker Gianfranco Lande, accused of a €170 million crackdown that involves hundreds of investors. The Guardia di Finanza discovered that tens of millions of euros paid to the Eurofighter consortium by the Austrian government went through the broker's companies.

In Austria, the state prosecutor and an ad hoc parliamentary committee have been looking for evidence that prove the existence of an illegal and secret network that allegedly handled huge amounts of money paid by the Austrian government in 2003 to buy 18 Typhoon fighter jets from the Eurofighter consortium.

Sabrina

5th April 2012, 22:28

http://goingconcern.com/post/goldman-sachs-makes-pwcs-former-ceo-new-lead-director

What does the world's most hated investment bank do when it wants to appear as though it is best serving the interests of both shareholders and clients? It grabs a PwC alum, that's what.

James J Schiro got his start with PwC way back in 1967 (back when it was just plain ole Pw), clawing his way up to Chairman and senior partner in 1994 and CEO in 1998.

On Monday, Goldman Sachs named Schiro as lead director after a bit of back and forth with shareholders, who didn't like the idea of Goldman CEO Lloyd Blankfein serving as both chairman and CEO. As lead director, Schiro will also be chair of the Corporate Governance and Nominating Committee. Schiro has been a director at Goldman since May of 2009.

One particular group of shareholders - the American Federation of State, County and Municipal Employees - said the lead director position would “provide a much-needed and vital check on the company’s practices and conflicts of interest.” We have no idea where they'd get a crazy idea like this but apparently the group is worried that Goldman's actions and practices “are not in the best interest of the clients they serve.”

Sabrina

5th April 2012, 22:47

http://exopolitics.blogs.com/exopolitics/2012/04/memo-to-david-wilcock-drake-benjamin-fulford-alexander-romanov-chodoin-daikaku-.html
Alfred Lambremont on the 'arrests' (started by Kimberley as a thread).

aranuk

5th April 2012, 22:50

foreverfan

6th April 2012, 00:45

Sabrina... will you marry me.... wait... I'm already married. Forget that. LOL

Thanks for all you do.

sleepy

6th April 2012, 01:05

xxxxx xxxxxx

Sabrina

6th April 2012, 20:08

Hi Sabrina, I have never thanked every post you made here, but for the record I do really in my heart. You give us all the work you do to get it to us here with a certain gusto which I admire. I thank all your posts you have delivered and I also thank any you may post hitherto. What a woman you are!

Stan

Ahh shucks thanks Stan..... it's getting a bit of a compulsion. Not sure if I need to check myself into the addiction clinic - but one day want to have that 'told you so' moment... and perhaps it will be sooner than later. :)

Sabrina

6th April 2012, 20:14

Sabrina... will you marry me.... wait... I'm already married. Forget that. LOL

Thanks for all you do.

Don't want to add you to the arrests list under bigamy Foreverfan..... but perhaps that's peanuts unless you've got a few trillion dollars under the mattress as well. :)

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http://www.businesstimes.com.sg/sub/companies/story/0,4574,485033,00.html?

6 April Singapore

Published April 6, 2012

Robin Hu resigns from SPH

SINGAPORE Press Holdings' senior executive vice-president of Chinese newspapers division and newspaper services division, Robin Hu, has resigned, SPH said yesterday. His resignation takes effect on June 22.

Mr Hu, 53, is leaving to pursue a job opportunity overseas. He joined SPH in 2004.

Replacing him as chief editor of the Chinese newspapers division will be Lim Jim Koon, a newspaper veteran of 35 years.

Sabrina

6th April 2012, 20:30

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9190914/WorldSpreads-directors-accused-of-bet-scandal.html
6 APril UK

WorldSpreads directors accused of bet scandal
Directors at collapsed spread-betting group WorldSpreads misled clients into placing bets on the company’s fortunes in order to inflate its share price, it has been claimed.

Executives led customers to believe WorldSpreads’ share price would rise and encouraged them to enter into so-called “long bets” on the shares through the company, according to sources. This was despite spread-betting firms being prohibited from giving financial advice.

Sources close to the company, which filed for bankruptcy last month, said WorldSpreads did not force clients to “make good” the losses on these bets when the shares failed to rise.

“This all adds up to the directors looking to support the shares in WorldSpreads through the use of clients — this is clear and simple ‘market abuse’,” one well placed source added.

WorldSpreads was placed in administration on March 19 after a £13m “black hole” was found in its accounts, putting about 15,000 clients, mostly retail customers, at risk of losing almost half their money. At the time, administrator KPMG said clients were owed £29.7m, which should have been held in a segregated customer account, but that the group’s total cash came to just £16.6m.
The alleged market abuse is believed to have been taking place for more than a year before WorldSpreads’ collapse. The Financial Services Authority (FSA) is understood to be reviewing the issue as part of a wider investigation after complaints from sources close to the company.

Sabrina

6th April 2012, 20:33

http://www.contraryinvestorscafe.com/cic/?p=15687
6 April Canada

OAKVILLE, ONTARIO–(Marketwire – April 5, 2012) - MEGA Graphite Inc. (MEGA), announced today that Paul Ogilvie, Chief Executive Officer (“CEO”) of Mega Graphite Inc. has resigned his position as CEO and Director. Mr. Ogilvie feels that he has taken the company as far as he can and it is now time for the new management group to step in. “Over the last three years, I’m proud of the work we have accomplished, from developing world class technologies to building the very best team in the graphite world and setting a new standard in how the graphite markets run” says Paul Ogilvie.

Sabrina

6th April 2012, 20:44

http://www.pharmacychoice.com/News/article.cfm?Article_ID=869008
6 April USA

Apr 06, 2012 (Datamonitor via COMTEX) Shire plc, a specialty biopharmaceutical company, has announced the resignation of Michael Cola as president of Shire Specialty Pharmaceuticals, effective April 2, 2012.

Mr Cola joined Shire in 2005 as Executive vice president & General Manager for the Global Therapeutic Business Units. He assumed the role of President of the SP business in 2006. Prior to joining Shire, Mr Cola held several executive positions at Merck, Astra/Merck, Astra Zeneca, and Safeguard Scientifics.

A search for a new President of Shire's global SP business has begun. Angus Russell will assume responsibility for leading the business until a new President is appointed. Mike Cola will be available to Shire through June 1 in order to facilitate a smooth transition.

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http://www.yomiuri.co.jp/dy/editorial/T120405004032.htm

6 April Japan
Resignations highlight intraparty struggles
The Yomiuri Shimbun

The government approved Wednesday the resignation of three senior vice ministers and one parliamentary secretary, all members of the ruling Democratic Party of Japan, who opposed the Cabinet's submission of a consumption tax hike bill to the Diet.

The bill was approved by the Cabinet last week following long hours of discussion and through formal procedures within the DPJ.

Their resignation was unavoidable, as they showed their readiness to rebel even when the Diet votes on the bill. Prime Minister Yoshihiko Noda has pledged to see the bill passed at the risk of his political life.

The four men who resigned belong to an intraparty group led by former DPJ President Ichiro Ozawa. Toru Kikawada and Ryo Shuhama, a senior vice minister and a parliamentary secretary of internal affairs and communications, respectively, are both from Iwate Prefecture, like Ozawa.

Both served as mediators between areas hit by the Great East Japan Earthquake and the central government. They utterly lack a sense of responsibility, as they are abandoning their duty at a time when the areas are still in the process of post-disaster reconstruction.

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http://jewishvoiceny.com/index.php?option=com_content&view=article&id=866:cfo-of-jewish-agency-for-israel-announces-resignation&catid=107:israel&Itemid=290
4 April

CFO of Jewish Agency for Israel Announces Resignation

The chief financial officer of the Jewish Agency for Israel announced his resignation last week, according to a JTA report.

The Jewish Agency has encountered financial difficulties in recent years, and the troubles forced the Agency to cut staff members and redirect their attention from overseeing immigration to Israel to educating Jews in the Diaspora. A particular acute fiscal challenge arrived recently when the Jewish Federations of North America made plans to terminate funding to the agency. In the past, the Jewish Federations had provided the Jewish Agency with more than 75 percent of its overseas budget, according to the JTA report.

Natan Sharansky, the agency’s chairman, allegedly implored Yaron Neudorfer to stay at the agency. Neudorfer declined, according to Jewish Agency spokesman Joshua Berkman, JTA said. The CFO will hold his post for another month until a replacement is found.

In the wake of the resignation, the Jewish Agency released a statement.

“After serving 6 1/2 years as CFO, Yaron feels that he is ready to seek new challenges,” it read. “Throughout this time, he was a partner to all major decisions and changes that the organization undertook, and played a crucial role.”

“During this period the Agency suffered declining income while facing fluctuating exchange rates and global economic instability,” the agency’s leadership continued. “The Finance Department, under Yaron’s leadership, put in place a reporting system used in the private sector with maximum transparency.”
“During his tenure, he improved the financial positions and shrunk the accumulated deficit to an unprecedented level,” they added.

Neudorfer said his decision to leave did not stem from any disillusionment with the agency.

“It’s been six excellent years but the time has come to move on,” he told the Jerusalem Post. “JAFI is undergoing changes, and there will always be those who like it and those that dislike it but my decision has nothing to do with that.”

According to the JAFI spokesman Haviv Rettig Gur, these feelings were mutual.

“He is one of the most brilliant CFOs in the industry and has faced all sorts of different problems but he has kept us balanced,” Gur said.

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http://eng.tatar-inform.ru/news/2012/04/06/39568/

Kazan News
Tatarstan branch of Interior Ministry confirms Asgat Safarov’s resignation

He announced his decision to the Tatarstan branch of Interior Ministry’s central staff executives.

(Kazan, April 5, Tatar-inform). The Tatarstan branch of the Russian Interior Ministry has confirmed reports of the ministry’s chief Asgat Safarov’s resignation.

Interior minister in Tatarstan Asgat Safarov has tendered resignation, the ministry’s press service says. He announced his decision to the Tatarstan branch of Interior Ministry’s central staff executives.

“If I had done it earlier, right after the incident at the Dalniy police station,” he said, ”it would have been cowardice and betrayal of the team: sort of, I am leaving and you go on, sort things out here. Now, when all the measures in my power have been taken, both to hold officials responsible and prevent such incidents in the future, I have submitted a letter of resignation.”

Sabrina

6th April 2012, 21:00

Guardian UK 6 April Market Forces Live Blog
BSkyB
BSkyB's shares fell off a cliff shortly after Sky News admitted that one of its senior executives authorised a journalist to conduct email hacking on two separate occasions. Gerard Tubb, the broadcaster's northern England correspondent, accessed emails belonging to John Darwin, the "canoe man" accused of faking his own death.

BSkyB is being investigated by Ofcom to determine whether it is a "fit and proper" owner of a broadcast licence.

The shares plunged from 660p to 629p between 1.30pm and 2pm. They have since regained some ground, but BSkyB is still the biggest faller on the FTSE 100 – down 3% at 638p. Over in the US, parent company News Corp was down by 0.3%.
and

Essar Energy sees tax ruling appeal disallowed by India's supreme court
Power company's shares lost nearly 4% on ruling over repayment of sales tax

Sabrina

6th April 2012, 21:06

http://soundofheart.org/galacticfreepress/content/italian-republic-president-and-first-minister-denounced-crimes-against-constitution

Italian Republic President and First Minister denounced for crimes against the constitution

full story at link

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http://www.krone.at/Oesterreich/Christian_Konrad_tritt_als_Raiffeisen-General_ab-Kronprinzen_folgen-Story-316970

4 April Austria

Christian Konrad tritt als Raiffeisen-General ab

Im Raiffeisen-Reich kommt es zum Machtwechsel: Langzeit-Generalanwalt Christian Konrad tritt offiziell im Juni ab. Erwin Hameseder und Walter Rothensteiner, die schon lange als "Kronprinzen" gehandelt werden, sollen sich künftig die wichtigsten Funktionen teilen, heißt es.

full story at link of for German speakers.

Sabrina

6th April 2012, 21:13

Resi

Resignations and arrests - but also more of the truth coming out pretty relentlessly - this for example:

http://akiomatsumura.com/2012/04/682.html
3 april
Fukushima Daiichi Site: Cesium-137 is 85 times greater than at Chernobyl

Ambassador Mitsuhei Murata
[*Ed: This page was updated on 4/5/12 to reflect corrected calculations]
Japan’s former Ambassador to Switzerland, Mr. Mitsuhei Murata, was invited to speak at the Public Hearing of the Budgetary Committee of the House of Councilors on March 22, 2012, on the Fukushima nuclear power plants accident. Before the Committee, Ambassador Murata strongly stated that if the crippled building of reactor unit 4—with 1,535 fuel rods in the spent fuel pool 100 feet (30 meters) above the ground—collapses, not only will it cause a shutdown of all six reactors but will also affect the common spent fuel pool containing 6,375 fuel rods, located some 50 meters from reactor 4. In both cases the radioactive rods are not protected by a containment vessel; dangerously, they are open to the air. This would certainly cause a global catastrophe like we have never before experienced. He stressed that the responsibility of Japan to the rest of the world is immeasurable. Such a catastrophe would affect us all for centuries. Ambassador Murata informed us that the total numbers of the spent fuel rods at the Fukushima Daiichi site excluding the rods in the pressure vessel is 11,421 (396+615+566+1,535+994+940+6375).

I asked top spent-fuel pools expert Mr. Robert Alvarez, former Senior Policy Adviser to the Secretary and Deputy Assistant Secretary for National Security and the Environment at the U.S. Department of Energy, for an explanation of the potential impact of the 11,421 rods.

I received an astounding response from Mr. Alvarez [updated 4/5/12]:
In recent times, more information about the spent fuel situation at the Fukushima-Dai-Ichi site has become known. It is my understanding that of the 1,532 spent fuel assemblies in reactor No. 304 assemblies are fresh and unirradiated. This then leaves 1,231 irradiated spent fuel rods in pool No. 4, which contain roughly 37 million curies (~1.4E+18 Becquerel) of long-lived radioactivity. The No. 4 pool is about 100 feet above ground, is structurally damaged and is exposed to the open elements. If an earthquake or other event were to cause this pool to drain this could result in a catastrophic radiological fire involving nearly 10 times the amount of Cs-137 released by the Chernobyl accident.

The infrastructure to safely remove this material was destroyed as it was at the other three reactors. Spent reactor fuel cannot be simply lifted into the air by a crane as if it were routine cargo. In order to prevent severe radiation exposures, fires and possible explosions, it must be transferred at all times in water and heavily shielded structures into dry casks.. As this has never been done before, the removal of the spent fuel from the pools at the damaged Fukushima-Dai-Ichi reactors will require a major and time-consuming re-construction effort and will be charting in unknown waters. Despite the enormous destruction cased at the Da–Ichi site, dry casks holding a smaller amount of spent fuel appear to be unscathed.

Based on U.S. Energy Department data, assuming a total of 11,138 spent fuel assemblies are being stored at the Dai-Ichi site, nearly all, which is in pools. They contain roughly 336 million curies (~1.2 E+19 Bq) of long-lived radioactivity. About 134 million curies is Cesium-137 — roughly 85 times the amount of Cs-137 released at the Chernobyl accident as estimated by the U.S. National Council on Radiation Protection (NCRP). The total spent reactor fuel inventory at the Fukushima-Daichi site contains nearly half of the total amount of Cs-137 estimated by the NCRP to have been released by all atmospheric nuclear weapons testing, Chernobyl, and world-wide reprocessing plants (~270 million curies or ~9.9 E+18 Becquerel).

It is important for the public to understand that reactors that have been operating for decades, such as those at the Fukushima-Dai-Ichi site have generated some of the largest concentrations of radioactivity on the planet.

Many of our readers might find it difficult to appreciate the actual meaning of the figure, yet we can grasp what 85 times more Cesium-137 than the Chernobyl would mean. It would destroy the world environment and our civilization. This is not rocket science, nor does it connect to the pugilistic debate over nuclear power plants. This is an issue of human survival.
There was a Nuclear Security Summit Conference in Seoul on March 26 and 27, and Ambassador Murata and I made a concerted effort to find someone to inform the participants from 54 nations of the potential global catastrophe of reactor unit 4. We asked several participants to share the idea of an Independent Assessment team comprised of a broad group of international experts to deal with this urgent issue.
I would like to introduce Ambassador Murata’s letter to the UN Secretary General Ban Ki-moon to convey this urgent message and also his letter to Japan’s Prime Minister Yoshihiko Noda for Japanese readers. He emphasized in the statement that we should bring human wisdom to tackle this unprecedented challenge.
It seems to us that the Nuclear Security Summit was focused on the North Korea nuclear issue and on the issue of common security from a terrorist attack. Our appeal on the need for the independent assessment at Reactor 4 was regarded as less urgent. We predicted this outcome in light of the nature of the Summit. I suppose most participants fully understood the potential disaster which will affect their countries. Nevertheless, they decided not to raise the delicate issue, perhaps in order to not ruffle their diplomatic relationship with Japan.
I was moved by Ambassador Murata’s courage in pressing this issue in Japan. I know how difficult it is for a former career diplomat to do this, especially in my country. Current and former government officials might be similarly restricted in the scope of their actions, as Ambassador Murata is, but it is their responsibility to take a stand for the benefit of our descendants for centuries to come—to pass on a world safer than our ancestors passed us.

If Japanese government leaders do not recognize the risk their nation faces, how could the rest of us be persuaded of the looming disaster? And if the rest of us do not acknowledge the catastrophe we collectively face, who will be the one to act?

Tokyo, March 25, 2012
Dear Secretary-General,
Honorable Ban Ki-moon,
I wish to express my heartfelt gratitude for your considerate letter dated 2 March, 2012. Your moral support for a United Nations Ethics Summit will remain a constant source of encouragement for my activities.
Please allow me to pay a tribute to your great contribution to strengthen nuclear safety and security. The current Nuclear Summit in Seoul is no doubt greatly benefiting from the high-level meeting you convened last September.
I was asked to make a statement at the public hearing of the Budgetary Committee of the House of Councilors on March 23. I raised the crucial problem. of N0.4 reactor of Fukushima containing1535 fuel rods. It could be fatally damaged by continuing aftershocks. Moreover, 50 meters away from it exists a common cooling pool for 6 reactors containing 6375 fuel rods!
It is no exaggeration to say that the fate of Japan and the whole world depends on NO.4 reactor. This is confirmed by most reliable experts like Dr. Arnie Gundersen or Dr. Fumiaki Koide.

Please allow me to inform you of an initiative being taken by a former UN official who is endeavoring to have the Nuclear Security Summit take up the crucial problem. of N0.4 reactor of Fukushima. He is pursuing the establishment of an independent assessment team. I think his efforts are very significant, because it is indispensable to draw the attention of world leaders to this vital issue.
I am cooperating with him, writing to some of my Korean acquaintances that this issue deserves the personal attention of President Lee Myung-bak. I have written today to Prime Minister Yoshihiko Noda. I asked him to consider taking the initiative of mobilizing human wisdom on the widest scope to cope with the Fukushima reactor No.4 problem, fully taking into account the above-mentioned “independent assessment team”.
The world has been made so fragile and vulnerable. The role of the United Nations is increasingly vital. I wish you the best of luck in your noble mission. Please accept, Secretary-General Ban Ki-moon, the assurances of my highest consideration.
Mitsuhei Murata
Former Japanese Ambassador to Switzerland and Senegal
Executive Director, the Japan Society for Global System and Ethics

Sabrina

7th April 2012, 13:36

http://www.maltatoday.com.mt/en/businessdetails/business/businessnews/Fimbank-directors-resign-ahead-of-takeover-deal-20120407

Bankers Resignations

Fimbank directors resign ahead of takeover dealFimbank announces resignation of two directors ahead of 38% takeover deal with Burgan Bank.

Fimbank has announced the resignation of two directors Gérard Lohier, and Pierre-Olivier Fragnière, as the investment bank is in the middle of possible takeover talks by Burgan Bank of Kuwait.

Gérard Lohier is an advisor of Watamar S.A. & Partners, a financial institution incorporated in Geneva, Switzerland. He began his career as senior bank executive in Asia, Africa and Europe. A director of Fimbank since 2009, he also serves as a director of Hinduja Bank (Switzerland).

Fragnière was a member of the supervisory board of Fimbank. In 2000, he joined the Banque Cantonale of Geneva, setting up and developing a specialised international trade financing unit.

Fimbank has informed the market of a possible transfer of shares amounting to 38.8% of the total issued share capital from the largest shareholder Massaleh Investments of Kuwait, to Burgan Bank.

Massaleh's chairman Najeb al Saleh also owns a controlling interest in Gemxija Crown Ltd through his Dutch firm Marem BV, together with construction firm JPM Brothers. Gemxija constructed the unfinished Mistra Heights complex, which was rudely interrupted when Austrian-owned Bawag Bank served them with a court notice to pay up €42.2 million and €1.3 million in interest on a defaulting loan.

Burgan Bank intends to inject new equity which will increase its potential holding to over 50%, initiating a mandatory bid for the remaining shares.

Following this announcementin mid-March, Fimbank share price surged by 20%.

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http://www.icenews.is/index.php/2012/04/07/swedish-defence-minister-resigns-amid-saudi-weapons-scandal/

7 April
Swedish defence minister resigns amid Saudi weapons scandal

Sweden’s defence minister Sten Tolgfors has resigned amid ongoing revelations about the country’s secret arms deals with Saudi Arabia. Tolgfors told reporters on Thursday (March 29) that he had been considering stepping down for some time, but that the current media circus was the tipping point.
“I have today, upon request from Sten Tolgfors, decided to relieve Sten Tolgfors [of his duties],” Prime Minister Fredrik Reinfeldt said in the news conference. He added that the infrastructure minister Catharina Elmsäter-Svärd will now temporarily fill the position.

Sabrina

7th April 2012, 13:47

http://aquariuschannelings.com/2012/04/06/epic-paradigm-shift-poised-to-unfold-within-us-and-world-imminently-are-militaries-around-the-world-preparing-for-final-take-down-of-new-world-order-cabal/

**Epic Paradigm Shift Poised to Unfold Within US and World Imminently- Are militaries around the world preparing for final take down of New World Order cabal?**

by Scott Mowry April 5, 2012

Major events across the US continue to accelerate towards a momentous breaking point with each passing week in the first quarter of the year 2012.

We are fast approaching a paradigm shift of epic proportions that will result in the total freedom of all US and world citizens. Many spectacular developments, long in the planning stages, are set to unfold that will alter the course of history forever and will place humanity permanently on the path towards the Golden Age.

Behind the scenes, heroic battles wage the likes of which have never been seen on this planet before yet go completely unnoticed by the people who will ultimately benefit from them the most. Along the way, intense negotiations are and have been underway within all sectors of our modern society to break an intricate control system that has been in place for a hundred years or longer. In some cases –– for thousands of years.

These include the stranglehold upon our monetary systems, our governmental organizations, media empires, religious institutions, energy resources, science and technology spheres, food productions and health care industries. All are about to be lifted out a state of suppression to be transformed into a state of dynamic activation for the benefit of all of mankind.

FINANCIAL WAR THE MOST INTENSE

Most particularly intense at this stage of the game is the war to wrest control of the world’s financial power structures with major victories occurring at a near daily basis. This unseen war is the precise reason why we have yet to see any major news of currency revaluations in foreign countries, particularly with the Iraqi dinar which has long been anticipated

Although the revaluation of the Iraqi dinar was originally intended to be a secret held by a few insiders devised during the first George Bush, Jr. administration, current estimates are that as many as six million people around the world have discovered and subsequently invested in this classified plan.

Even a few select mainstream news media outlets are now beginning to report on foreign currency revaluations such as Bloomberg News and Fox Business News.

On another note, the alliance between Brazil, Russia, India, China and South Africa, also known as BRICS, has taken the bold steps to dump the US dollar as their primary trading currency and create its own bank. This is yet another nail in the coffin for the privately-owned Federal Reserve banking cartel as more and mores nations seek to increasingly marginalize the dollar for a take down.

BRICS recently held their annual summit in New Delhi, India in late March 2012 where they made a series of major announcements. Along with the White Dragon Society, BRICS is now emerging as perhaps the most forceful global resistance vehemently opposed to any further aggressive overtures by the NWO cabal, such as World War III in the Middle East.

One significant person who continues to stand tall is Russian Prime Minister Vladimir Putin, who has miraculously managed to rescue his country from a total downfall to the New World Order banking cabal. Mr. Putin survived two assassination attempts in his home country recently in his bid for re-election and is now set to lead the Russian people into the promised land.

On Friday, March 28, 2012, Barack Obama appointed Jim Yong Kim, a physician and President of Dartmouth College to lead the World Bank. The irony of placing an Asian in charge of this major financial institution was not lost and was likely strongly endorsed, if not enforced, by the White Dragon Society.

Apparently, Jim Yong Kim has no ties the criminal cabal as previous World Bank Presidents have such as Robert Zoellick and Paul Wolfowitz. His appointment is yet another sign the world’s financial systems are dramatically changing for the better.

Further indications that the criminals are turning upon one another are another series of unprecedented reports arising from the Vatican –– the richest, most powerful institution and the very heart of darkness on planet Earth. The US State Department announced it has placed the Vatican bank on the “concerned list” for money laundering, while JP Morgan suddenly decided to close all of the Vatican’s accounts it holds. Astonishing news, to say the least!

(See video below, “Signs of the Illuminati Defeat Are Everywhere!” for further information on the Vatican.)

And finally, no less than the Queen of England’s own bank, Coutts Bank, was fined 8.75 million pounds for failing to carry out correct checks on “politically exposed persons” and prevent money laundering. And in an even more dramatic development, the Queen’s fortune has now has been officially linked to drug trafficking.

UNSUNG HEROES ABOUND

Meanwhile n the shadows, many, many heroic people are battling in the trenches with little recognition yet they possess the most noble and altruistic intentions for all of humanity, often risking life and limb to do so. They have remained true to their purpose of fighting against darkness and evil with a strong sense of will and determination to see the job through to the bitter end.

In the not-too-distant future, we will need to recognize and honor these individuals for their courage, bravery and service towards not only to our country, but to the whole of the human race. These heroes come from the military, economic fields, various governmental departments, legal professions, intelligence services and average, ordinary walks of life –– all linked by a high moral fiber that propels them to serve.

Still others making a profound difference in our world include a large number of people in highly conscious states who are proactively meditating, consciously co-creating and envisioning a grand future for humanity. They can be found in far flung regions across the planet such as India, Tibet, China, etc. and they are literally birthing a new reality for us all to step into.

The Oneness University, out of southern India, and its leader Sri Bhagavan, are openly speculating that by the end of 2012, there will be 70,000 enlightened beings upon the Earth. This 70,000 is the critical mass number needed to shift the entire planet into a higher state of consciousness.

Enlightenment is a very real phenomenon that is transferrable from one human being to another. It is a provable fact from scientific research known as the“100th Monkey Effect,” in which Japanese scientists observed that a learned behavior spreads instantaneously from one group of monkeys to all related monkeys once a critical number is reached.

Thus, for every one person who becomes enlightened, in turn effects 100,000 others around them. The numbers suggest that 70,000 x 100,000 = 7,000,000,00 –– the likely total population of planet Earth by the end of 2012 or early 2013. We can therefore conclude that critical mass guarantees a planetary shift.

We may likely never learn the names of these many enlightened beings due to the fact that they seek little glory for their efforts, preferring to operate from a place of anonymity and humility.

Together, all of these diverse cross-section of people have worked tirelessly to bring the Golden Age to planet Earth as rapidly and as expeditiously aspossible. And they have made tremendous strides since the dawn of the year 2012.

If you can, imagine not having to worry about the basic necessities of life such as feeding your family, putting clothes on your back, affording your housing or having access to first class medical care. Soon, all the people of world will be provided with these basic necessities as a birth right, once the resources, technologies and monies have been freed up to be dispersed among all.

Perhaps this kind of scenario may sound fanciful and untenable. Yet many are seeing and feeling the real possibility of this kind of lifestyle emerging for all of the human race sooner, rather than later.

We are indeed living in the most exciting times ever seen in the history of the Earth!

MASS ARRESTS WITHIN US BORDERS ABOUT TO BEGIN

Soon, our news media will finally begin reporting on an unprecedented number of mass arrests that will sweep up many well known political, religious, economic and social leaders, as well as other high profile individuals whose names will be familiar to us all. While many others unknowns who have stood in dark corners wielding great negative power and influence upon the world will be removed from their hiding places.

According to the latest report from Benjamin Fulford, these arrests will include those at the very top of the pyramid including within organizations as powerful as can be found on the planet. These groups that will be targeted are: the Committee of 300; the Bilderberg group; the Council on Foreign Relations; the Club of Rome; the Trilateral Commission and the European Commission.

A whistleblower by the name of “Drake”, a former member of the US military who served in Vietnam has emerged recently to act as a sort of quasi-spokesman for the US Pentagon and was interviewed by David Wilcock on March 28, 2012.
In this extensive nearly three-hour long phone interview, Drake and David Wilcock discussed a wide-range of topics including the impending mass arrests, the military’s role as backing law enforcement and Federal Marshals, and the return of the US to a sovereign nation state.

Particularly interesting was the final hour of the interview where David Wilcock and Drake discuss some of the suppressed technologies that will be emerging in the very near future, as well as the dimensional shift about to occur.

(More information on this interview can be found in our David Wilcock Audio section.)

Once these arrests begin in earnest, it is possible that some areas of the country may experience slight delays in services such electrical power, or perhaps even telephone or internet utilities. Although, Drake stressed that the military will make every effort to insure that all Americans do not experience undue hardships during this momentous transition.

Therefore, it is recommended to have a three-day supply of food and water on hand for any possible short-term emergency situation.

Of further note, a major shift is already occurring within our corporate news media as people in the US move away in record numbers and turn towards alternative news sources found on the internet.

Reports are suggesting that viewership for the CNN channel has dropped by 50% this year alone. Other media empires such as News Corp, owners of Fox News, have seen numerous of their employees arrested in the United Kingdom.

Polls are indicating that the majority of the American people no longer trust mainstream media sources such as newspapers, magazines and cable news networks, which spells doom for those in the compromised news media.

Meanwhile, the hacker activist group known as Anonymous continues to grow stronger by the month. In their boldest move yet, the group recently released a sensational video that called for the outright overthrow of the the corrupted, corporate US government.

Anonymous continues to prove that is more than the authorities can handle at this time and has became a valuable PR machine for the Occupy Wall Street movement. Occupy Wall Street itself is gearing up for a massive round of protests beginning this Spring that will last until the big changes start to roll out and perhaps longer. Anonymous is also to be featured in an upcoming documentary film entitled, “We Are Legion: The Story of the Hacktivists”.

And finally, Foster Gamble, the creator and host of the landmark documentary film, “Thrive” recently announced his company will be making the film available for free, beginning April 5, 2012.

It will be available for viewing on their website so as to spread their message to as may people as possible, without any hindrances.

DIVINE INTERVENTION IN FULL FORCE NOW

And while we are at it, cancel all plans for Martial Law, FEMA enslavement camps, a devastating world-wide financial collapse, World War III and Armageddon. They are officially off the table! We are full steam ahead for Heaven on Earth now.

What seems like an extraordinary synchronicity of events all occurring at once, is merely the human race responding en mass to an enormous influx of energy emanating from the galactic center of the universe.

Assisting humanity along every step of the way, these energy waves streaming in are upgrading everything in their path including human consciousness, human DNA and the very nature of human reality which is being transformed from a third-dimensional to a fifth-dimensional existence. All of these upgrades are part of a grand Divine plan now moving into hyper-overdrive, preparing humanity’s ascent into the Golden Age.

What may seem absolutely impossible and unfathomable one month, will suddenly become highly probable the next month. Therefore, it is vital not to cast doubt or dispersions on any of these seemingly unrealistic scenarios that many are envisioning for our immediate future. In other words, you may be quite surprised what becomes magically available to you from one day to the next.

At this point in time, anything and everything is possible and we should not limit our selves in any way, shape or form. Go ahead and dream the impossible dream.

YOUR CALL TO SERVE

As these monumental historic events begin to unfold, it is important to be mindful to not go into a state of fear or panic. In point of fact, many of us will be called upon to assist others with understanding the true ramifications of these epoch-making developments.

Many of you reading this update are probably familiar with many of these planned changes because you have heard rumors or you have done your research on them for many years.

Perhaps you have even grown rather weary and impatient, knowing within your heart that changes of this magnitude were inevitable, yet the wait for their implementation has felt like an eternity. You will soon be rewarded for your patience and persistence.

However, we must be ever mindful that the average American has absolutely no clue of what is coming down the pike. Many may have just recently become awakened to the horror that our government, banking institutions and media sources are completely corrupt yet they feel incapable of seeing any kind of solutions available to right the ship.

Your role will become more clearly defined as a mentor, an educator, a psychologist or even as a spiritual advisor as these historic events unfold upon your television and computer screens. In other words, you will need to explain to your family, your friends and acquaintances, or your co-workers what is really going on simply because you may have a better understanding of the overall big picture.

You will become an invaluable asset to those around you who may feel bewildered or completely overwhelmed by the sheer number of changes that will occur, one after another, after another.

Above all, remember –– stay calm, stay positive and stay strong. Trust that all is unfolding is part of an vast amazing, miraculous Divine plan that will result in your personal freedom, as well as, the freedom of your loved ones.

The Golden Age is here, ladies and gentlemen, now it is time to get down to work.

Sabrina

7th April 2012, 14:00

http://lucas2012infos.wordpress.com/2012/04/07/joe-weisenthal-ceo-of-major-bank-writes-epic-anti-wall-street-manifesto-7-april-2012/#more-10821
7 April

Joe Weisenthal – CEO Of Major Bank Writes Epic Anti-Wall Street Manifesto

full story at link

Sabrina

7th April 2012, 14:17

For anyone in the UK and near London on 5 May, we can have our own leaving party for them all. It's all at Ria's London Meet-up link and info. is here:

Time for a London UK meet up.
Bring old and new PAs together.
London is central.
11-am 5th May
Royal Festival Hall, Southbank Center.
Will post later, further details in group section. Ria

(that would be UK Groundcrew) Sab.

Sabrina

7th April 2012, 15:49

http://divinecosmos.com/start-here/davids-blog/1043-massarrests

This is a section from the transcript of the recent interview between David Wilcock and whistleblower Drake. There's an important point as to why high profile people are resigning now highlighted in red below. They no longer are protected.

MASS RESIGNATIONS

DK: It’s even actually worse than that. The onion that makes up what we’re talking about has basically four levels to it.

The outer level was notified, on the same day that our package landed in the International Court, that they were no longer under their protection.

Over a period of a few months there have been several thousand resignations, house arrests.

There have been tons of banks closed, or closed for a couple days and reopened. You name it.

This is not just bankers; this is also financiers, your exchange people, everything.

DW: Oh yeah! I cover it on my website. There’re 358 resignations [actually 450 at the time I did this interview] documented by somebody going under the anonymous name American Kabuki.

There’s a link for every single one of them -- and they’re all in chronological order.

This includes, on February 29th, the resignation of James Murdoch, Rupert Murdoch’s son, from the Executive Chairman position of News International Corporation, which is Fox.

DK: Yeah, that’s basically called a protection move.

It wasn’t a question of them protecting him as much as it was his own protection, because he didn’t have that much to do in terms of the illegalities that Dad pulled.

DW: Right.

DK: He’s just ... actually he’s not all that bad one way or the other, in comparison to some of them.

LET’S SEE IF WE’RE HEARING YOU CORRECTLY…

DW: But to get to the deeper grain of what you’re saying, if I’m hearing you correctly.

I’m getting that you had this package delivered to The Hague.

That was the critical moment in which those on the inside were aware that these mass arrests -- that have been planned ever since the five-inch document you saw in 1979 -- could actually move forward.

This could be done by the will of the civilians in terms of Common Law, going back to the Code of Hammurabi and 11,000-year-old documents.

DK: Exactly.

DW: Okay. Great.

DK: When they received it and it got past their agents who worked at The Hague, they knew that it had arrived because that person was made aware.

There was nothing they could do about it.

So consequently, their protection evaporated. This is like steam on a hot highway. The sun comes out, and poof -- it’s gone.

DW: [laughs]

DK: Okay. Well, there are thousands of resignations in Europe to date. Now in one week, and I’m talking last week, there were 450 resignations, retirements and this stuff -- and 200 arrests.

DW: That’s a staggering number.

DK: That’s 650 people involved in finance. Now, here’s the difference.

THEY HAVE SYSTEMATICALLY CONTROLLED THE MEDIA

DK: Those people under house arrest or who have been taken into custody, or who retired and are staying at home, are considered not very important, one way or the other -- they are primarily figureheads and not much more.

DW: Right.

DK: The difference is those who were arrested, those who are being arrested and those who are going to be arrested -- that’s the second layer of the onion, in other words...

DW: This is why we’re not seeing a lot of newspaper and website articles about this.

There’s no accountability of these people getting arrested in the outside world, because they don’t have a public position.

DK: Well, not only that, but the mainstream media’s controlled by them.

DW: Exactly.

DK: Therefore, you’re not going to hear this.

Sabrina

8th April 2012, 14:24

Shareholders starting to fight back with the banks:

http://www.guardian.co.uk/business/2012/apr/08/barclays-shareholder-rebellion-diamond-pay
8 April UK
Barclays may face shareholder rebellion over Bob Diamond pay deal
Several institutional investors reportedly set to vote against the bank's pay regime at AGM this month

Public anger over the Barclays boss Bob Diamond's £17m pay package may prompt a shareholder rebellion, with several institutional investors reportedly set to vote against the bank's pay regime.

Standard Life, Fidelity and Scottish Widows are believed to be considering voting against the remuneration report or the re-election of the chair of the remuneration committee at the annual general meeting on 27 April.

There is particular concern at a "tax equalisation" payout of £5.7m to cover Diamond's increased tax bill when he crossed the Atlantic to take the job. Although the deal was mentioned in the fine print of the bank's annual report, investors were reported to be aghast at its revelation last month.

Standard Life's head of corporate governance, Guy Jubb, told the Sunday Times: "I don't believe anyone had an inkling that this payment, which is almost the largest figure in the remuneration report, was going to surface." Standard Life is among the top 10 shareholders in Barclays.

Diamond was also awarded share allocations that could be worth up to £6.75m when they pay out in three years' time. A "performance" payment due in May, after the annual meeting, could bolster his income by another £2.35m.

Although the votes would only amount to a protest, a cumulative no vote of more than 10% would be regarded as significant and might prompt some review by a bank that has so far resisted calls for curbs on executive pay.

Barclays is reported to have held a series of meetings with investors to argue that it needs to maintain its pay levels to remain in the global top tier. It has been at pains to stress that the £5.7m it paid to the exchequer on Diamond's behalf when he migrated from the US to become chief executive should not be directly counted as remuneration.

The investor advisory group Pirc has said the tax payment could be sufficient reason for shareholders to vote against the pay package, pointing to the executive pay code of the Association of British Insurers. Its guidelines state that committees "should not seek to make changes to any element of executive remuneration to compensate participants for changes in their personal status". Pirc will issue a formal guidance note to shareholders before the meeting.

The ABI said it would not be issuing a public statement on Barclays but had concerns over "fair allocation of resources".

Barclays did not respond to requests for comment.

Sabrina

8th April 2012, 14:29

http://www.insideindianabusiness.com/newsitem.asp?id=53083&ts=true

updated: 4/6/2012 12:04:33 PM

Energy Company CEO Resigns
InsideINdianaBusiness.com Report

Evansville-based Imperial Petroleum Inc. Chief Executive Officer Timothy Jones has resigned. The announcement comes as the company's e-Biofuels LLC unit has filed for bankruptcy. Jeffrey Wilson will serve as CEO on an interim basis.

Sabrina

8th April 2012, 14:32

http://blogs.wsj.com/deals/2012/04/04/ceo-resigns-at-prop-trading-firm-first-new-york-securities/
4 April
CEO Resigns at Prop-Trading Firm First New York Securities

Joseph Schenk resigned as chief executive officer of First New York Securities, a proprietary-trading firm, people familiar with the matter said.

Partners of the firm held a meeting Tuesday evening and notified employees of the move by email.

Schenk will remain at the firm for a three-month transition. Tom Donino, a partner and co-head of U.S. equities trading, was named interim co-chief executive while the firm’s board of managers, which includes traders and executives, searches for a permanent CEO successor, a person familiar with the matter said.

Schenk is leaving the firm to pursue other interests, a person familiar with the matter said.

Sabrina

8th April 2012, 14:36

CryoPort Announces Resignation of Chairman and Chief Executive Officer Larry Stambaugh

CNBC | April 06, 2012
(BUSINESS WIRE) -- CryoPort, Inc. (OTCBB: CYRX) today announced that its Board of Directors has accepted Larry Stambaughâ??s resignation as the Companyâ??s Chairman, Director and Chief Executive Officer, effective immediately.Recently appointed Director Stephen E. Wasserman has been named Chairman, ..

Sabrina

8th April 2012, 14:40

http://www.noodls.com/viewNoodl/13819903/walker-group-holdings-limited/2012-4-5-resignation-of-executive-director-company-secretar

Walker Group Holdings Limited
05/04/2012 | Press release
2012-4-5 RESIGNATION OF EXECUTIVE DIRECTOR, COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND CHIEF FINANCIAL OFFICER AND APPOINTMENT OF AUTHORISED REPRESENTATIVE AND COMPANY [.

Sabrina

8th April 2012, 14:59

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9189053/Rothschilds-to-merge-British-and-French-banking-operations-to-secure-control.html
5 April
Rothschilds to merge British and French banking operations to secure control

The Rothschild dynasty is to merge its British and French banking operations to secure long-term control of the business and to boost the firm's financial strength ahead of the introduction of tougher capital requirements for banks.

The 200-year-old banks will be reunited under a single shareholding that will bring together the fortunes of the French and English sides of the renowned family as they attempt to safeguard the business against the effects of new regulation and the fallout from the global financial crisis.

Paris Orleans, the Rothschild Group's Paris-based holding company, will convert into a French limited partnership, securing the families' control of the bank against potential takeovers. The new partnership will then buy out minority investors in NM Rothschild & Sons, the UK business, as well as outstanding minority interests in the French operations.

David de Rothschild will become chairman of the partnership and said the new structure would help the bank "better meet the requirements of globalisation in general and in our competitive environment in particular, while ensuring my family's control over the long term".

Mr de Rothschild is a descendant of Baron James de Rothschild, who established the family's Paris-based bank 200 years ago.
Changing the ownership structure is aimed at helping Rothschild meet the Basel III capital standards that will require banks to maintain a minimum core capital ratio of 7pc. Rothschild said its regulatory capital would be "significantly enhanced" through the merger.

Sabrina

8th April 2012, 15:04

http://www.youtube.com/watch?v=iEL2uOG9Jrc&context=C49df9fbADvjVQa1PpcFNgmZc91vezbwIr3ZTge8fDaFiDp8ZoGgY%3D

4 April
The Alex Jones Channel

IRS Insider Joe Banister Exposes Federal Reserve Coup and IRS Fraud - USA

Joe Banister is the first and thus far only IRS Criminal Investigation Division Special Agent ever to conduct, while serving as a special agent, an investigation into allegations that the IRS illegally administers and enforces the federal income tax.

Sabrina

8th April 2012, 15:14

http://www.smh.com.au/nsw/health-union-boss-losing-his-empire-20120407-1wi72.html
8 April Australia

Health union boss losing his empire

UNIONS have moved in for the kill on the disgraced Health Services Unions boss Michael Williamson, demanding he resign immediately or be sacked.

Facing allegations of corruption at the HSU, he will be dumped on Thursday as vice-president of Unions NSW and stripped of three paid board positions unless he quits first, The Sun-Herald can reveal.

¤=[Post Update]=¤

http://www.yomiuri.co.jp/dy/business/T120407002835.htm
Japan 8 April

TEPCO employee resignations tripled in FY11
Jiji Press

About 460 Tokyo Electric Power Co. employees left the company in fiscal 2011, three times as many as in other years, informed sources said.

About half of those who quit were 30 years old or younger, according to the sources.

TEPCO is stepping up restructuring measures, including pay cuts, as it grapples with a massive financial burden related to the nuclear crisis at the Fukushima No. 1 power plant.

Furthermore, the company will be put under temporary state control, leaving its future uncertain.

Soon after the nuclear crisis began in March last year, TEPCO cut management pay by 25 percent and employee pay by 20 percent.

The company will not hire new graduates in spring next year for the second straight year. It is also considering skipping summer bonuses this year.

If large numbers of employees continue to leave, TEPCO operations to supply electricity and deal with compensation for victims of the nuclear accident may be affected, the sources said Friday.

¤=[Post Update]=¤

http://www.independent.ie/national-news/mccauleys-wife-to-resign-from-sf-role-3074315.html
Ireland
8 April

THE wife of Pearse McCauley, the IRA man sentenced to 14 years in prison for his part in the killing of Detective Garda Jerry McCabe, is unexpectedly stepping down as a Sinn Fein county councillor in Cavan -- but the local authority declined to reveal how much she will receive in a severance package.

Pauline McCauley, a mother of two, has served more than 10 years as a public representative, but a request for information on payments she is now due was declined.

Sabrina

8th April 2012, 15:17

http://www.lfpress.com/news/canada/2012/04/04/19593961.html
Canada

OTTAWA – No decisions made, no planes bought, but interim Liberal Leader Bob Rae is calling for the prime minister and defence minister to resign over “a massive fraud” after the auditor general slammed the process National Defence followed for replacing the aging CF-18 fighter jets.

Sabrina

8th April 2012, 15:28

Some pharma resignations - which I think were touched on in the Drake interview. S

http://www.hotstocked.com/8-k/sciclone-pharmaceutical-SCLN-1460992.html
Sciclone Pharmaceutical -

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On April 2, 2012, Professor Trevor Jones advised the Board of Directors (the “Board”) of SciClone Pharmaceuticals, Inc. (the “Company”) that he was resigning from his position as Director, effective as of that date, in order to pursue other commitments. Prof. Jones’ resignation was not related to any disagreement or dispute with the Company’s management or the other members of the Board.
On April 6, 2012, the Company announced that Dr. Israel Rios resigned from his position as the Company’s Senior Vice President, Medical Affairs and Chief Medical Officer, effective as of that date. The Company and Dr. Rios expect to enter into an agreement containing terms substantially consistent with the Executive Severance Agreement dated May 4, 2010 which provides that if Dr. Rios’ employment is terminated without “Cause,” and subject to Dr. Rios’ execution of a general release of claims, Dr. Rios is entitled to a severance payment equal to twelve months of his then current base salary and a payment of 50% of the average of the annual performance bonus paid over the prior two fiscal years to Dr. Rios.

and

Eric Abadie Resigns as Chair of the CHMP
LONDON, April 5, 2012 - Dr Eric Abadie has informed the European Medicines Agency of his intention to resign as chair of the Committee for Medicinal Products for Human Use (CHMP).

and

http://www.pharmacychoice.com/News/article.cfm?Article_ID=869008
4/6/12 - Shire announces resignation of specialty pharmaceuticals president

Apr 06, 2012 (Datamonitor via COMTEX) Shire plc, a specialty biopharmaceutical company, has announced the resignation of Michael Cola as president of Shire Specialty Pharmaceuticals, effective April 2, 2012.

Mr Cola joined Shire in 2005 as Executive vice president & General Manager for the Global Therapeutic Business Units. He assumed the role of President of the SP business in 2006. Prior to joining Shire, Mr Cola held several executive positions at Merck, Astra/Merck, Astra Zeneca, and Safeguard Scientifics.

A search for a new President of Shire's global SP business has begun. Angus Russell will assume responsibility for leading the business until a new President is appointed. Mike Cola will be available to Shire through June 1 in order to facilitate a smooth transition.

and

http://www.pharmacychoice.com/News/article.cfm?Article_ID=869008

On April 2, 2012, Keizo Koya, Ph.D., Senior Vice President, Drug Development of Synta Pharmaceuticals Corp. (“Synta”), informed Synta of his intention to resign. The effective date of Dr. Koya’s resignation will be April 6, 2012.

and

http://biz.yahoo.com/e/120405/svnt8-k.html?.tsrc=bsnls?date=20120403

(b) On March 30, 2012, Ken Zuerblis, Executive Vice President & Chief Financial Officer (and principal financial officer) of Savient Pharmaceuticals, Inc. (the "Registrant") notified the Registrant that he was resigning for Good Reason,

Sabrina

8th April 2012, 15:47

http://the2012scenario.com/2012/04/update-from-drake-april-5-2012/#more-110881

Update from Drake - 5 April

Posted by Steve Beckow
Freedom Reigns interviews “Drake” in an update on laying the foundation for restoring a lawful government and monetary system in the U.S.

“People want to be free and they’re hungering for it.” He predicts that Eric Holder will be “thrown under the bus.” I’m not sure if that’s accurate, myself. “There is a plan, it is being put into place, it is being worked on. In conjunction with that there are a whole lot of things going that people may not be aware of. A lot of it you will not see in the mainstream media. … Right now we’re in a wait-and-hold pattern and I don’t like it any more than anyone does. But right now there is more going on than people realize. … Things are closer than people realize. There has been a great deal of shuffling of a combination of resources, both personnel, material, records, you name it. And it’s been going pretty much like a beehive if you took one up and shook. Consequently I’m looking for something to happen very shortly. … When they’re in position to do it, it will be done.”

“I am a position where I have arranged communication with some of these people. … If something extraordinary starts to happen, … we will contact everybody and their mother-in-law and make sure everybody is aware what’s going on. The process is simple. Get as ready as you can. Commonsensically, [get together] what is it that you’ve gotta have. Meds, diapers for the kids, toilet paper, a little food, and so on. Figure in the neighborhood of 2-6 weeks. … It’s not supposed to be, according to the plan, even that long in terms of any disruptions that may come about. …”

“This effort works in conjunction with a combination of the military and our local law enforcement. That’s the only way it can correctly be done. The idea of civilian authority is in play. It is in force. … At this point we’re looking at a transition, where the people who have been causing the general populace the problems that we are facing presently are to be removed, as peacefully and without any violence as possible. …”

“The basis of all this has been laid out on the website [FreedomReigns.com]. … My understanding is that as it becomes available, there is going to be be a Q&A section added to the website if it isn’t already up. This is going to give the general gist of what I’ve just stated and answer some of the questions. So basically the update is that things are moving and all of a sudden there is a lot of scrambling and this usually takes place just prior to some sort of action. And I hope we all know what that action is going to be. …”

“To be part of the birth of a nation, or rebirth in this case? My goodness. It gives me goose bumps. … There is one country whose prime minister told the Rothschild central banking system to take a flying leap at a rolling donut. The debt that they incurred was fraudulent and illegal and they weren’t going to pay it. I sent a hard copy of that when I saw it to Greece and my understanding is that it went pretty viral in the Greek newspapers so they are aware of it. And I would expect that these people will start handing the back to those people who made it up and see if they will pay it. …”

“Bundesbank … put a restraining order on Merkel. That means she can’t touch a dime. That means that all of these deals are done. That means there won’t be bailouts. I’m looking for some fun and games in Europe. …”

“That pretty much puts the icing on the cake in terms of the ideology of control through finance. The other part is that there is an alliance of nations that has cut off the corporate cabal or central banking system, as it is known, in terms of the Rockefellers and Rothschilds, from being able to go to small countries and loot their treasuries. They can’t do that because even if they are not a member of the alliance they have offered protection to anyone who’s interested.”

Sabrina

9th April 2012, 20:05

http://www.express.co.uk/posts/view/313555/Toppled-president-resigns-his-post
9 April

From one of the hiding places where he has been holed up since last month's coup, Mali's president penned a resignation letter and handed it to an emissary to deliver to the country's new leaders, while reporters looked on.

The move paves the way for Mali to name a new interim president, the next step in the nation's return to democratic rule.

President Amadou Toumani Toure was just months from finishing his last term, when soldiers on March 21 stormed the presidential palace, sending Mr Toure into hiding and cancelling a democratic tradition stretching back more than two decades.

Under intense international pressure, however, the officers that seized power last month signed an accord on Friday, agreeing to return the country to constitutional rule.

¤=[Post Update]=¤

http://www.bbc.co.uk/news/world-asia-17655300

9 April

South Korea police chief resigns over murder outcry

Cho Hyun-oh apologised for police negligence and its 'horrendous result'
South Korea's police chief has resigned amid an outcry over the case of a woman who was raped and murdered despite calling police for help.

Cho Hyun-oh said he was stepping down to take full responsibility for what he called the "unpardonable carelessness" of his officers.

¤=[Post Update]=¤

Hong Kong Exchange 9 April

POU SHENG INTERNATIONAL (HOLDINGS) LIMITED
寶勝國際( 控股 )有限公司
(Incorporated in Bermuda with limited liability)
(Stock Code: 3813)
RESIGNATION OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

Sabrina

9th April 2012, 20:11

http://jordantimes.com/justice-ministers-resignation-pending
9 April
Justice minister’s resignation pending - Jordan

AMMAN — Prime Minister Awn Khasawneh said on Monday that Justice Minister Salim Zoubi had submitted his resignation the previous week, but “I suggested to keep it till he is back from his vacation".

The premier denied that Zoubi resigned because he disagrees with the government over the draft elections law, which was sent to Parliament on Sunday after lengthy deliberations by the Cabinet.

“We might have differences of opinion, but that was not the reason for the resignation,” the premier said.

"I spoke with him yesterday [Sunday], after he came back from the UAE, and he expressed satisfaction with the draft law and appreciation for the efforts exerted by all government members to formulate the bill," Khasawneh told a press conference Monday.

He stressed that the minister has been suffering from fatigue due to "hard work" and that his decision to resign was merely for health reasons.

"We are respectful of his decision, and if he insists on resigning, it will be discussed during a Cabinet meeting, but even if he leaves, there will be no government reshuffle," Khasawneh added.

¤=[Post Update]=¤

http://www.4-traders.com/JOHNSON-JOHNSON-4832/news/JOHNSON-JOHNSON-Announces-Resignation-of-Sheri-S-McCoy-14261722/
9 April

Johnson & Johnson : Announces Resignation of Sheri S. McCoy
04/09/2012 | 07:05am
NEW BRUNSWICK, N.J., April 9, 2012 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ) said today that Sheri S. McCoy, Vice Chairman of the Executive Committee, has resigned from the Company effective April 18 to join another publicly traded company as CEO. Ms. McCoy joined Johnson & Johnson in 1982 and was appointed to her current responsibilities in January, 2011.

Sabrina

11th April 2012, 22:16

https://public.sheet.zoho.com/public/rainbowgirl12/book1-3

Summary of Findings from SEC Research

From a contributor to the Face Book global resignations site:

¤=[Post Update]=¤

http://biz.yahoo.com/e/120409/14909278-k.html
9 April
Form 8-K for BUSINESS DEVELOPMENT CORP OF AMERICA

Effective April 5, 2012, Edward M. Weil, Jr. resigned as President of Business Development Corporation of America (the "Company").

and

Form 8-K for SAVANNAH BANCORP INC

9-Apr-2012

Change in Directors or Principal Officers

Item 5.02. Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 4, 2012, Mr. J. Wiley Ellis, Chairman of the Board of Directors (the "Board") and general counsel of The Savannah Bancorp, Inc. (the "Company"), notified the Company that he will retire from the Board, effective April 26, 2012,

Sabrina

11th April 2012, 22:26

http://www.vancouversun.com/business/Best+still+finalizing+terms+resignation/6441887/story.html
11 April

NEW YORK - Best Buy Co Inc BBY.N said the terms of its chief executive’s resignation were still being finalized.

CEO Brian Dunn resigned abruptly on Tuesday from the world’s largest consumer electronics chain during a company probe into allegations of personal misconduct, Best Buy said. [ID:nL2E8FA3ZK]

In a regulatory filing with the Securities & Exchange Commission on Wednesday, the U.S.-based chain said it would disclose the terms of Dunn’s resignation in a subsequent filing.

Dunn notified Best Buy’s board on April 9 that he has resigned, and the board accepted his resignation effective April 10, the Wednesday filing showed.

Best Buy said it would also soon disclose the terms of its new agreement with G. Mike Mikan, a board member who has been chosen to serve as interim CEO while the company searches for a successor to Dunn.

While serving as interim CEO, Mikan, 41, will remain on the board but will no longer serve on the board’s audit and compensation committees, Best Buy said in the filing.

¤=[Post Update]=¤

http://www.dailystar.com.lb/News/Local-News/2012/Apr-11/169853-resignations-threaten-to-topple-tripolis-municipal-council.ashx#axzz1rm0EfZ2e

Resignations threaten to topple Tripoli’s municipal council
April 11, 2012 01:44 AM
By Antoine Amrieh
The Daily Star

TRIPOLI, Lebanon: Internal disputes are threatening to bring down Tripoli’s municipal council, as media reports emerged Tuesday that 10 council members were ready to submit their resignations.

According to the reports, up to 13 members could resign, which is enough to dissolve the council. However, the city’s mayor, Nader Ghazal, said Tuesday he is confident that the 24-member council is solid enough to withstand turmoil since it is backed by numerous political groups in the northern coastal city.

Of the council members, 10 said they drafted their resignations in a single letter.

The letter, which was not made public, has yet to be sent to Nassif Qalosh, the governor of the north, a step necessary for it to become official.

¤=[Post Update]=¤

http://www.newswire.ca/en/story/952887/bsm-announces-board-acceptance-of-director-resignations

BSM Announces Board Acceptance of Director Resignations
TORONTO, April 11, 2012 /CNW/ - BSM Technologies Inc. (TSXV: GPS) ("BSM or the Company") announces that, further to its March 20, 2012 press release, the resignations of Garry West and Robert Latham have been accepted by the Board of Directors of the Company (the "Board") effective April 11, 2012. BSM thanks Messrs. West and Latham for their contributions to the Company and wishes them success in their future endeavours.

About BSM Technologies
BSM Technologies, through its subsidiary BSM Wireless Inc., is a leading provider of remote monitoring, fleet tracking, fleet maintenance, and automated vehicle security systems providing real time, web-based tracking of mobile and fixed assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate diverse assets and large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs.

Sabrina

11th April 2012, 22:34

http://en.mercopress.com/2012/04/11/argentina-s-prosecutor-general-resigns-looses-first-round-to-vice-president-boudou

Wednesday, April 11th 2012 - 06:40 UTC

Argentina’s Prosecutor General resigns, looses first round to Vice-president Boudou

Argentina’s Prosecutor-general Esteban Righi officially resigned to his post on Tuesday, following Vice-President Amado Boudou’s decision to press charges against the prosecutor leading the investigation into the politician's role in the Ciccone currency printing company investigation.

¤=[Post Update]=¤

http://www.rte.ie/news/2012/0411/greek-pm-submits-resignation.html
11 April

Greece's Prime Minister Lucas Papademos has set the stage for early elections on 6 May by submitting his resignation to the country's president, Carolos Papoulias, after heading a five-month debt rescue.

Mr Papademos said he would ask the president to set the election for 6 May, with a view to having a new government in place by 17 May.

sygh

12th April 2012, 11:06

Dennis Leahy

12th April 2012, 23:42

"The Federal Reserve top trader quits"

(2012-04-07 or 4/7/2012)

Brian Sack, head of the markets group at the Federal Reserve Bank of New York, has tendered his resignation, according to a release Thursday from the New York Fed. Sack, 41, will stay in his current post until June 29, when the Fed's latest monetary stimulus program, known as Operation Twist, is set to expire. He will then be placed on leave until Sept. 14, during which he will have limited contact with the bank, the release said.
http://www.denverpost.com/business/ci_20344961/feds-top-trader-quits

Dennis

sygh

13th April 2012, 00:40

Sabrina

15th April 2012, 20:08

http://americankabuki.blogspot.co.uk/p/131-resignations-from-world-banks.html

The latest list up until 15 April. Am posting it in a series of posts because of the length. Sab.

594 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS
I don't mind if you re-blog this listing. Save yourself the wear and tear on your karma and do me the favor of including http://americankabuki.blogspot.com in your reposting. Thanks to all who have caught minor errors. Special thank to Gabriel at Facebook Global Mass Resignations for some resignations I did not find in my searches.

Abreviations used:
CEO = Chief Executive Officer
CFO = Chief Financial Officer
CIO = Chief Investment Officer also can be Chief Information Officer (head of IT)
COO = Chief Operating Officer
EVP = Executive Vice President
CRO = Chief Risk Officer
INC = Incorporated (can be private held or publically traded shares)
PLC = Public Limited Company (publicly traded shares can be listed or unlisted on stock market)
LTD = Limited Company (privately held)
LLC = American version of LTD, but can have a shareholder/member that is an INC, often hybrids of both
AG = German version of PLC
AB = Swedish version of PLC
SA = Society Anonymous in various latin languages - same as PLC
NV = Dutch version of PLC
BV = Dutch version of LTD
LP = Limited Partners (partnership with limited liability)
REIT = Real Estate Investment Trust

Click here to scroll to latest additions to list, then scroll up.

9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP
http://goo.gl/NdW7q
9/06/11 (BELGIUM) Dexia confirmed that its CEO Stefaan Decraene had left the company. Its exposures to sovereign debt in the PIIGS nations are larger than its core Tier 1 capital.
http://goo.gl/vuhvd
9/08/11 (US OR)PremierWest chairman John Anhorn retires
http://goo.gl/ltkXf
9/09/11 (GERMANY) European Central Bank (ECB) governing board member Jürgen Stark, who has resigned
http://goo.gl/t83S4
9/09/11 (US OR) Chief investment officer for the Oregon State Treasury Ron Schmitz resigns.
http://goo.gl/nZ88q
9/12/11 (HONG KONG) HSBC Group Hang Seng Bank Non-Executive Director Mark McCombe resigns
http://goo.gl/mCTgi
9/12/11 (US PA) First Commonwealth Financial Corp, EVP strategic resources Thaddeus J. Clements resigns
goo.gl/6ZMXF
9/13/11 (US MA) Eastern Bank wealth management head Carol McMullen resigned
http://goo.gl/DJSqC
9/14/11 (USA NJ) Columbia Bank CEO Raymond G. Hallock Announces Retirement
http://goo.gl/UjUZY
9/14/11 (NEW ZELAND) AMP NZ Office Limited (ANZO), Mark Verbiest has resigned as a director. His resignation arises due to his desire to devote the necessary time and energy to his prospective new role as Chairman of Telecom, assuming the Telecom demerger is sanctioned by Telecom shareholders.
http://goo.gl/LjSI0
9/15/11 (USA NY) Morgan Stanley, Chairman John Mack resigns
http://goo.gl/jWWv7
9/16/11 (US FL) Atlantic Coast Bank President and Chief Operating Officer Robert Larison retires
http://goo.gl/z3EJL
9/18/11 (JORDAN) Central Bank governor Faris Sharaf resigns over policy
http://goo.gl/8yU5N
9/19/11 (US MS) COO of Parkway Properties (REIT) William Flatt Resigns
goo.gl/Y3kr4
9/20/11 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND) There could be no Scottish representative on the board of Lloyds Banking Group, owner of Bank of Scotland, in future after it announced the departure of Lord Sandy Leitch, the chairman of Scottish Widows and group deputy chairman.
http://goo.gl/Dx8qs
9/20/11 (JAPAN) BLife Investment Corporation (Diawa House Asset Management) Director Masaomi Yamadaira resigns
goo.gl/EYOau
9/20/11 (US HI) First Hawaiian Bank's CEO Don Horner retires
http://goo.gl/3rB82
9/21/11 (AUSTRALIA & NZ) JP Morgan Australia and New Zealand Worldwide Securities Services CEO Jane Perry resigned
http://goo.gl/Qx0Va
9/23/11 (Singapore) Executive board director Rohit Bhagat has tendered his resignation to the board of BlackRock (Singapore) Limited and BlackRock Asset Management North Asia Limited.
http://goo.gl/Nksjb
9/23/11 (UK) UniCredit FX Global Head Nick Crawford Resigns
http://goo.gl/JyWfT
9/25/11 (SWITZERLAND) UBS CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
http://goo.gl/WCeqB
9/25/11 (USA CA) American River Bankshares Douglas E. Tow, Executive Vice President and Chief Credit Officer, will retire from the Company http://goo.gl/24aAU
9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
http://goo.gl/7dNiD
9/29/11 (UK) Barclays, Head of UK & European Retail Banking Deanna Oppenheimer resigned.
http://goo.gl/o63jO
9/29/11 (USA NM) New Mexico Pension Fund Director Terry Slattery Resigns
http://goo.gl/BzLn4
9/30/11 (SINGAPORE) AIMS AMP CAP INDUSTRIAL REIT, Ms Tang Buck Kiau resigned.
http://goo.gl/VGxjv
9/30/11 (ICELAND) Alternate board member of Iceland State Financial Investments Thórdís Bjarnadóttir resigns
goo.gl/0c2em
10/01/11 (Iceland)Chairman of Glitnir Bank's Resolution CommitteeÁrni Tómassonresigns
http://goo.gl/EjuVy
10/01/11 (USA MO) Federal Reserve Bank of Kansas City President Thomas M. Hoenig retired on Oct. 1, 2011
http://goo.gl/B8WK7
10/03/11 (INDIA) The of Euram Bank Asia, president Arun Panchariya, has resigned after being implicated in a stock trading scandal in India.
http://goo.gl/yh2bF
10/03/11 (GHANA) Intercontinental Bank Ghana Limited, Managing Director and CEO Albert Mmegwa resigned.
http://goo.gl/Vc252
10/03/11 (USA FL) Quantek Opportunity Fund, portfolio manager Javier Guerra. Arbitration awarded $1 million damages to Aris Multi-Strategy Fund. Quantek Asset Management made false statements to Aris.
http://goo.gl/udpBA
10/05/11 (UK) UBS co-chief François Gouws of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
http://goo.gl/OuUjr
10/05/11 (UK) UBS co-chief Yassine Bouhara of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
http://goo.gl/OuUjr
10/06/11 (US OR) CEO of CASCADE BANCORP Patricia Moss retires
http://goo.gl/CBemC
10/10/11 (BELGIUM) Dexia (Franco-Belgian bank) its chairman Jean-Luc Dehaene will give up his role on the board of Dexia's Belgian division, which is being sold to the Belgian state as part of a rescue deal, the group said on Monday.
http://goo.gl/vyldE
10/11/11 (UK) BlackRock, head of sterling portfolios and manager of the Corporate Bond fund, Paul Shuttleworth, has resigned after 11 years at the firm.
http://goo.gl/FMBjw
10/11/11 (UK) Dynamic Funds, portfolio manager David Taylor has resigned.
http://goo.gl/GZCt5
10/11/11 (CHINA) China Construction Bank Non-Executive Direct Sue Yang resigns for personal reasons.
http://goo.gl/ip8Un
10/13/11 (UK) Cogent Partners co-head research department Katita Palamar resigned.
http://goo.gl/TVLWO
10/13/11 (UK) Cogent Partners co-head research department Bill Farrell resigned.
http://goo.gl/TVLWO
10/13/11 (US OR) MBank CEO Rex Brittle resigns
goo.gl/D48Vh
10/14/11 (USA TX) Deutsche Bank Investment Advisor Griffin Perry resigns, SEC regulations prevented him from campaigning for his father Rick Perry's Presidential campaign.
http://goo.gl/R0PgH
10/23/11 (USA) Fairholme Capital Management LLC, Director Charles Fernandez stepped down for personal reasons. Fairholme Fund has lost 26 percent of its net asset value due to bets that have backfired on AIG Inc, Bank of America Corp and Florida-based landowner and developer St Joe Co.
http://goo.gl/vzTbY
10/24/11 (ICELAND) Icelandic State Financial Investments board members of Icelandic State Financial Investments have resigned following “outside interference” with their Sept. 30 decision to hire Pall Magnusson, the former political adviser to the island’s industry minister, as chief executive officer. [names and positions have been requested from the reporter on 3/9/12]
http://goo.gl/lEpz2
10/24/11 (SINGAPORE) Keppel Corporation Limited, Teo Soon Hoe will resign from his role as group finance director Jan 1.
http://goo.gl/l90be
10/26/11 (INDIA) Beed District Bank (Coop Bank) CEO B S Deshmukh arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
http://goo.gl/CXL7Z
10/26/11 (INDIA) Beed District Bank (Coop Bank) former CEO A N Kulkarni arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
http://goo.gl/CXL7Z
10/26/11 (US VA) The Federal Home Loan Mortgage Corporation, CEO Charles E. Haldeman will retire in 2012
goo.gl/CF4SF
10/27/11 (USA NY) Keefe, Bruyette & Woods Inc (KBW) CEO John Duffy stepped aside. Duffy has prostate cancer.
http://goo.gl/i1s3E
10/27/11(US WA) Pacific International Bank CEO Woosung "Edward" Park abruptly resigns
goo.gl/nJgkI
10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
http://goo.gl/fdd9v
10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
http://goo.gl/yWX9R
10/31/11 (EUROPEAN COMMUNITY) European Central Bank President Jean-Claude Trichet, resigns.
http://goo.gl/ygG59
11/01/11 (INDIA) Beed District Bank (Coop Bank More directors resign [research still being conducted on the names]
http://goo.gl/HD8BQ
11/02/11 (UK) Lloyds Banking Group chief executive, António Horta-Osório, is to take leave of absence on health grounds for six to eight weeks, the BBC has reported. (STILL OUT AS OF 2/24/12 - DEFACTO RESIGNATION)
http://goo.gl/3L9gE
11/03/11 (POLAND) Nordea Bank Poland, Wlodzimierz Kicinski resigned from as President of the Management Board of Nordea Bank Poland as of the 10th of November.
http://goo.gl/oKUVZ
11/04/11 (USA NY) MF Global, Jon Corzine, stepped down as chairman and CEO, hired criminal attorney to represent him.
http://goo.gl/tUaVY
11/04/11 (SWITZERLAND) Hyposwiss Private Bank Ltd., Director Hans Bodmer resigns from the Board
goo.gl/5ydhv
11/05/11 (IRELAND)Bank of Ireland announces board shake-up. Director of the Board Denis Donovan resigns
http://goo.gl/4JULU
11/05/11 (IRELAND)Bank of Ireland Des Crowley resigns
http://goo.gl/4JULU
11/05/11 (IRELAND)Bank of Ireland non-executive director Paul Haran resigns
http://goo.gl/4JULU
11/05/11 (IRELAND)Bank of Ireland non-executive director Heather Ann McSharry resigns
http://goo.gl/4JULU
11/05/11 (IRELAND)Bank of Ireland non-executive director Dennis Holt resigns
http://goo.gl/4JULU
11/06/11 (GREECE) Marfin Investment Group. Greek Banking Tycoon Andreas Vgenopoulos surprise resignation from his own firm.
http://goo.gl/LUxE2
11/07/11 (SINGAPORE) Singapore Mercantile Exchange (SMX), CEO Framroze Pochara quits.
http://goo.gl/eum87
11/07/11 (US MO) President Maurrice Sandfort retires from Bank of Missouri
http://goo.gl/gpYj4
11/07/11 (US MN) Bremer Bank President/CEO Gary Bigler retires
http://goo.gl/BFHV9
11/08/11 (SINGAPORE) The Singapore Fund, Inc, Austin C. Dowling has resigned as Director of the Fund
http://goo.gl/bCUhI
11/09/11 (USA NY) HSBC Israeli desk, managing director Issac Doueck resigned.
http://goo.gl/zuCJE
11/09/11 (ISRAEL) HSBC Israeli desk, senior representative Simon Hakim resigned.
http://goo.gl/zuCJE
11/09/11 (SWITZERLAND) HSBC Israeli desk, head of Israel Dan Sagi resigned.
http://goo.gl/zuCJE
11/09/11 (USA NY) HSBC Israeli desk, ????? resigned.
http://goo.gl/zuCJE
11/09/11 (USA NY) HSBC Israeli desk, ????? resigned.
http://goo.gl/zuCJE
11/10/11 (EUROPEAN COMMUNITY) European Central Bank Lorenzo Bini Smaghi resigned from the European Central Bank’s Executive Board.
http://goo.gl/Invjc
11/11/11 (HONG KONG) Goldman Sachs' Asia Pacific co-head Yusuf Alireza is retiring from the investment bank after 19 years
http://goo.gl/pejs3
11/10/11 (INDIA) UBS The head of India operations at UBS AG , Manisha Girotra, has resigned
http://goo.gl/3aTh2
11/15/11 (USA NY) Icahn Enterprises LP, senior managing director of health-care investing, Alex Denner, has resigned.
http://goo.gl/X1A4i
11/15/11 (US NJ) GAIN Capital CFO Henry Lyons resigns
http://goo.gl/3xC6L
11/16/11 (EUROPEAN COMMUNITY) International Monetary Fund Europe, director Antonio Borges resigns for personal reasons.
http://goo.gl/55CqZ
11/17/11 (NETHERLANDS) Syntrus Achmea (pensions manager), CIO Marjolein Sol is resigning.
http://goo.gl/Xqxsr
11/17/11 (INDIA) Nomura India's investment banking head Nipun Goel resigns
goo.gl/RaK9X
11/17/11 (INDIA) Nomura India's Capital market division head Indraneil Borkakoty resigns
goo.gl/RaK9X
11/17/11 (INDIA) Nomura India's executive director Shubham Majumder resigns
goo.gl/RaK9X
11/18/11 (US WA) President and Chief Executive Officer of the Federal Home Loan Bank of Seattle Steven R. Horton retires
goo.gl/cjJJD
11/18/11 (US MD) Legendary mutual fund manager Bill Miller CIO of Legg Mason Capital Management and portfolio manager of LM Value Trust resigns
goo.gl/YO4CJ
11/18/11 (ICELAND) Horn Invest hf., Director of the Board of Guðrún Ragnarsdóttir resigned
goo.gl/k54sv
11/18/11 (ICELAND) CEO of Landsbankinn Steinthór Pálsson resigned from the Board of Horn Invest hf.
goo.gl/k54sv
11/18/11 (SCOTLAND) Scottish Widows Investment Partnership Limited (SWIP) Private Equity Fund, wish to announce the resignation of John Brett from the Board of Directors of the Company, for business reasons.
http://goo.gl/MLsp8
11/19/11 (HK)CEO of Standard Chartered Bank (Hong Kong)Peter Wongsteps down
11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://goo.gl/OiDiq
11/22/11(US TX) SWS Group Executive Vice President Paul D. Vinton retires
http://goo.gl/0UG7W
11/23/11 (GERMANY) CEO of Clearstream Banking AG, Frankfurt Andreas Wolf resigns and leaves the boards of Clearstream International S.A., Luxembourg and Deutsche Börse Group
goo.gl/FE2TB
11/23/12 (USA SC & NC) Bank of the Carolinas, CFO Eric Rhodes resigns for personal reasons. Bank of the Carolinas was delisted from the NASDAQ on 3/9/12
http://goo.gl/oytcD
11/24/12 (IRELAND) AXA Rosenberg Management Ireland Limited, director Simon Vanstone resigns.
http://goo.gl/x5Fl6
11/28/11 (LATVIA) Latvia’s chief banking regulator, Irena Krumane, said she resigned today, a week after the state took over Latvijas Krajbanka AS (LKB1R), the Baltic News Service reported. The bank regulator suspended operations at Krajbanka, a subsidiary of Lithuania’s Bankas Snoras AB, on Nov. 21 and said around 100 million lati ($191.8 million) was missing. The Lithuanian government seized Snoras on Nov. 16 saying assets reported on the lender’s balance sheet were missing.
http://goo.gl/mUvLF
11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank
http://goo.gl/XncOc
11/29/11 (NORWAY) Carnegie ASA’s co-head of investment banking in Norway, Cato Holmsen, has resigned
http://goo.gl/utIfy
11/29/11 (FRANCE) AXA Real Estate Investment Managers, Global head of business development, strategy and research for Kiran Patel, has handed in his resignation. Patel was with the firm for 11 years.
http://goo.gl/iGjB6
11/29/11 (US MI)Chairman of Fentura's State BankForrest Shooksteps down
http://goo.gl/0Kfg2
11/30/11 (LITHUANIA) Lithuania Central Bank, Governor Vitas Vasiliauskas fired Kazimieras Ramonas, head of the banking supervision department, after seizing Bankas Snoras AB, the country’s third-biggest deposit bank.
http://goo.gl/EiqUC
11/31/11 (AUSTRALIA) Commonwealth Bank CEO Sir Ralph Norris Australia's highest-paid banker, quits
goo.gl/UBSmh
12/01/11 (SRI LANKA) Sri Lanka's Securities and Exchange Commission (SEC) head Indrani Sugathadasa resigned.
http://goo.gl/6qzny
12/02/11 (PAKISTAN) NIB Bank, Singapore forced resignation of CEO Khawaja Iqbal Hassan, for mismanagement
http://goo.gl/ojDcu
12/03/11 (USA SC) South Carolina's $25 billion pension fund chief investor Robert Borden resigned. Borden's resignation comes as the SC Retirement System faces a $13 billion deficit, prompting state lawmakers to call for a massive overhaul of the system.
http://goo.gl/ypK2G
12/05/11 (BERMUDA) HSBC Bermuda Ltd, chairman of the board and director John Campbell resigns
http://goo.gl/peFGD
12/05/11 (BERMUDA) HSBC Bermuda Ltd, CEO Philip Butterfield retires
http://goo.gl/peFGD
12/06/11 (US NV ) Western Liberty Bancorp CFO George Rosenbaum has resigned.
http://goo.gl/ozuwB
12/06/11 (US FL) SunTrust Banks Inc.'s Central Florida chairman Ray Sandhagen retires
http://goo.gl/vD6E7
12/07/12 (ITALY) CFO of Greater Rome Bank and CEO of Greater Rome Bancshares E. Grey Winstead III resigns
http://goo.gl/UyEly
12/08/11 (USA) Fidelity Global Special Situations Fund, manager Jorma Korhonen resigned.
http://goo.gl/a7Rhw
12/08/11 (INDIA) Nomura's co-head of equity-linked solutions Neeraj Hora, resigns
http://goo.gl/WYcjR
12/09/11 (FRANCE) Kléline, Executive board director Abdallah Hitti resigned. Kléline is an electronic banking arm of the Group BNP PARIBAS .
http://goo.gl/NpLqc
12/12/11 (PAPUA NEW GUINEA) Bank South Pacific (BSP) chairman Kostas Constantinou resigned as a director of the Board of Bank of South Pacific Limited and its subsidiaries.
http://goo.gl/6NiyY
12/12/11 (PHILIPPINES) Former Development Bank of the Philippines (DBP) president Rey David has resigned as board director of the Ongpin-led Philippine Bank of Communications (PBCom).
http://goo.gl/chQYY
12/12/11 (US IN)One of Indiana’s best-known bankers, Alvin “Kit” Stolen, is stepping down as president of Salin Bank.
http://goo.gl/RY0Pk
12/13/11 (US TX)Bank of America director D. Paul Jonesretires
http://goo.gl/2EzMk
12/14/11 (MAURITIUS) African Alliance Africa Pioneer Fund I (the "Fund"), Portfolio Manager Paul David Austin Clark resigned
http://goo.gl/YiagF
12/14/11 (USA NY) Goldman Sachs global head Milton R. Berlinski retiring at the end of the year
http://goo.gl/Xj0l4
12/14/11 (IRELAND) AfricanAlliance I's portfolio manager Paul David Austin Clark resigns
goo.gl/xhMkw
12/15/11 (UK) Coutts [private bank] Senior private banker James Fleming resigns
http://goo.gl/ANN5B
12/16/11 (US WI)President of Westbury BankJim Podewilsresigns
http://goo.gl/F3Rn9
12/19/11 (CANADA) Holloway Lodging Real Estate Investment Trust (a REIT) CEO Glenn Squires has resigned
http://goo.gl/8rAKb
12/19/11 (JAPAN) Citibank Japan CEO, Darren Buckley, resigns after Citibank was punished by regulators for the third time in seven years.
http://goo.gl/ScT47
12/19/11 (DENMARK) Danske Bank Peter Straarup, who will retire February 15
http://goo.gl/06c2b
12/19/11 (DENMARK) Danske Bank Eivind Kolding has resigned as Chairman of the Board of Directors and from the three board committees on which he served, He continues as member of Danske Bank’s Board of Directors until he assumes the position of Chairman of the Executive Board on 15 February 2012. On the same day, at the latest, Eivind Kolding will resign from the A.P. Moller-Maersk Group.
http://goo.gl/06c2b
12/20/11 (UK) Prudential (UK) Chairman Harvey McGrath has informed the Board of his intention to retire from the Board in 2012 once a successor has been found.
http://goo.gl/IPOzf
12/20/11 (USA MA) Century Bancorp, Inc., Director Roger S. Berkowitz resigned.
http://goo.gl/bbdeT
12/21/11 (USA MN) Voyager Bank, fired CEO trade accusations, New details have emerged in Voyager Bank's firing of its CEO in a court filing that accuses him of defrauding the bank of $15 million. The former CEO, Timothy Owens, has sued the bank for wrongful termination and accused the bank of defaming him.
http://goo.gl/3Q1Vg
12/22/11 (Sweden) Nordea Bank's Björn Savén retires from the Board of Directors
http://goo.gl/Yyvhs
12/22/11 (Sweden)Nordea Bank's Director of the BoardBjörn Savénretire of his own accord
http://goo.gl/dHBWp
12/23/11 (USA VA) Virginia National Bank (VNB) Chairman Mark Giles quits
http://goo.gl/dFDpH
12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Claire Gargalli quits
http://goo.gl/kowkW
12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Leslie Disharoon quits
http://goo.gl/kstLp
12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Neal Kassell quits
http://goo.gl/NrrPZ
12/23/11 (USA) Third Avenue Value Fund, co-manager Marty Whitman is leaving.
http://goo.gl/iMe99
12/23/11 (US NV) Chief financial officer of Western Liberty Bancorp George Rosenbaum resigns
goo.gl/R9vey
12/25/11 (Russia)Allianz’s Russian Fund-Management Unit CEOOleg MazurovResigned
http://goo.gl/ln3vP
12/28/11 (US IN) STAR Financial Bank's Osborne “Oz” Morgan retires as Anderson resional president
http://goo.gl/TTwdY
12/28/11 (US MD) Chairman of First Mariner Bank Ed Hale retires
http://goo.gl/MPeiT
12/30/11 (Australia)Credit Suisse’s Head of Australian EquitiesJonathan GurnseyRetires
http://goo.gl/Q7EZC
12/30/11 (SRI LANKA) Sri Lanka Commercial Bank's director of the Board Mahendra Amarasuriya resigns
http://goo.gl/m0jhN
12/31/11 (US TX) Texas Capital Bank Houston Region chairman Jonathan Clarkson resigns
http://goo.gl/BgYBI
12/31/11 (PUERTO RICO) Popular, Inc. (Banco Popular) Michael Masin retires from the Board of Directors
http://goo.gl/DwKgG
12/31/11 (US CA) Wells Fargo Senior EVP Mark Oman retires
goo.gl/T0OFC
12/31/11 (US TX)Executive vice president of SWS Group Paul D. Vinton retires
goo.gl/c9NGA
12/31/11 (US OH) SVP of CSB Bancorp, Inc. and President and Chief Executive Officer of The Commercial and Savings Bank of Millersburg, Ohio Rick L. Ginther resigns
http://goo.gl/18VlZ
1/01/12 (US FL) OptimumBank Larry Willis left the board shortly after he was re-elected at the company shareholder meeting.
goo.gl/GDcFX
1/01/12 (SINGAPORE) Keppel's group finance director Teo Soon Hoe resigns
goo.gl/nfPWd
1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
http://goo.gl/b6AoA
1/01/12 (ISRAEL) Israel's Bank Leumi CEO Galia Maor steps down after 16 years
http://goo.gl/xwlFt
1/03/12 (GREECE) Marfin Popular Bank Public Co Ltd, Mr Eleftherios Hiliadakis has resigned from the Board of Directors.
http://goo.gl/MuFa0
1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
http://goo.gl/joExI
1/03/12 (USA WI) Michael Falbo, president and CEO of Southport Bank, has resigned just six months after accepting the position.
http://goo.gl/DP1uK
1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
http://goo.gl/SKE7j
1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
http://goo.gl/bzZtQ
1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
http://goo.gl/zvo1L
1/05/12 (USA NY) Blackstone/GSO Senior Floating Rate Term Fund and Blackstone/GSO Long-Short Credit Income Fund announced that John R. O’Neill has resigned.
http://goo.gl/ZiWGL
1/06/12 (US) CEO of Security Federal Tim Simmons retires
http://goo.gl/RYtTm
1/06/12 (JAMAICA) Founding partner Mark Golding resigns from Proven Investments Ltd.
http://goo.gl/uOeY3
1/06/12 (JAMAICA) Chairman of Proven Wealth and Proven Investment's management committee Peter Bunting resigns http://goo.gl/uOeY3
1/07/12 (UK) Arab Banking Corporation Intl. Bank (ABCIB) Manama, Bahrain: ABCIB announced retirement of
CEO Nofal Barbar from its London office.
http://goo.gl/yF0Mm
1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
http://goo.gl/5qsUu
1/09/12 (USA WASHINGTON DC) Whitehouse former banker and Chief of Staff William M. Daley resigned
http://goo.gl/34F0B
1/09/12 (USA NY) Morgan Stanley Chief Legal Officer Frank Barron retires.
http://goo.gl/XYCwJ
1/09/12 (SWITZERLAND) Temenos Group AG, provider of core banking software announced the resignation of Mark Austen as a member of the Board of Directors.
http://goo.gl/l6QzM
1/10/12 (LIECHTENSTIEN) LLB CEO and chairman Josef Fehr resigned .
http://goo.gl/a4gTh
1/10/12 (US DC) Fannie Mae (The Federal National Mortgage Association) Chief Executive Michael J. Williams resigns
goo.gl/8dver
1/10/12 (USA IN) Security Bank of Springfield, president and CEO Steve Cour has announced plans to retire at the end of June.
http://goo.gl/jFbYA
1/09/12 (UK) Northern Rock finance director Ann Godbehere quits a year after the bank is nationalisedis standing down to pursue other interests, it was announced yesterday.
http://goo.gl/ctt52
1/11/12 (KAZAKHSTAN) BTA Bank, CEO Marat Zairov resigns for health reasons.
http://goo.gl/yAHgr
1/11/12 (SWITZERLAND) La Banque Privée Edmond de Rothschild, CEO Claude Messulam resigns, replaced by Christophe de Backer, Claude Messulam to become a director of the bank holding company.
http://goo.gl/vWr3i
1/11/12 (UK)Most senior foreign exec at Japan’s Nomura Tarun Jotwaniquits
http://goo.gl/SYuw2
1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading Edward K. Eisler retires
http://goo.gl/i2TVk
1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading David B. Heller retires
http://goo.gl/i2TVk
1/13/12 (IRELAND) National Asset Management Agency, head of lending Graham Emmett is resigning
http://goo.gl/GN3h3
1/13/12 (USA DC) World Bank, Vice President for Africa, Oby Ezekwesili will retire from her position at the World Bank in May.
http://goo.gl/fiUsU
1/13/12 (ITALY) Banca Monte dei Paschi di Siena, CEO Antonio Vigniat one of Italy’s biggest and oldest banking groups ousted in top management overhaul
http://goo.gl/bjUxZ
1/13/12 (Italy) Banca Monte dei Paschi di Siena, president Giuseppe Mussariat asked to leave
http://goo.gl/bjUxZ
1/16/12 (UAE - DUBAI) Ajman Bank CEO Mubashar Khokhar resigns
goo.gl/FJuYd
1/17/12 (CANADA) Cumberland Private Wealth Management CIO John Wilson quit to join another money manager.
http://goo.gl/3JuNJ
1/17/12 (HONG KONG) Oversea-Chinese Banking Corporation Limited (OCBC Bank) CEO David Conner retires.
http://goo.gl/83Z1i
1/17/12 (UK) Morgan Stanley Intl, chairman Walid Chammah is retiring. An inside source speculated that it could mean that the company had suffered exposure to European sovereign debt woes under Chammah's purview.
http://goo.gl/e7vS7
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Ali Yousef Al Awwadhy resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Miss Anoud Fadhel Al Hathran resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Tarek Farid Al Othman resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Salem Ali Hassan Al Ali resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Majed Ali Oweid Awadh resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Badr Suliman Al Ahmed resigned.
http://goo.gl/0PoIM
1/18/12 (USA) Goldman Sachs co-heads of Goldman's securities business David Heller resigns.
http://goo.gl/TMHvx
1/18/12 (USA) Goldman Sachs co-heads of Goldman's securities business Edward Eisler resigns.
http://goo.gl/TMHvx
1/18/12 (USA) Goldman Sachs co-head of its investment management division Ed Forst resigns.
http://goo.gl/TMHvx
1/18/12 (US NJ) Lakeland Bancorp and Lakeland Bank, Director of the Board Paul G. Viall, Jr. retires.
http://goo.gl/HQ9bd
1/18/12 (SINGAPORE) Standard Chartered Bank’s global head of fixed income, Remy Klammersto resign
http://goo.gl/UrOpI
1/19/12 (UK) Santander, senior director Americas division Francisco Luzón is retiring with a pension pot of about €56m, a package whose generous size is expected to reignite controversy over bankers’ remuneration.
http://goo.gl/XMRvP
1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Alaa' Sabaa resigned from board of directors.
http://goo.gl/5Eze1
1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Wael EL Mahgary resigned from board of directors.
http://goo.gl/5Eze1
1/19/12 (US OH) President and CEO of the Federal Home Loan Bank of Cincinnati David Hehman retires
http://goo.gl/iW0Bk
1/20/12 (JAPAN) Normura's head of wholesale banking Jasjit Bhattai quits
http://goo.gl/6FuWe
1/20/12 (SOUTH AFRICA) First National Bank's sharia banking division is in a state of flux after it was hit by a corporate governance scandal in which its chief executive, Ebi Patel, was put on "special leave" for almost a month while an internal probe was conducted. Patel has been reinstated, but is facing disciplinary action. Islamic finance forbids the payment and receipt of interest (riba), and investment in some industries. Sharia law states that interest-bearing transactions result in economic ills such as unemployment and high inflation. Trading in derivatives and speculative investment are also forbidden. Sharia law requires all transactions to be backed by tangible assets.
http://goo.gl/NmGJP
1/20/12 (USA) TIAA-CREF executive vice president and president of Asset Management, Scott C. Evans resigned
http://goo.gl/f6qLs
1/20/12 (SOUTH AFRICA) South African deputy economic development minister Enoch Godongwana quit his post this week in the face of growing outrage in government circles about his involvement in a company that allegedly defrauded clothing factory workers of R100-million of their pension fund money.
http://goo.gl/ZADvn
1/20/12 (US GA) Chairman of the Board Morris Downing retires from Colony Bankcorp, Inc.
http://goo.gl/3MK7e
1/21/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
http://goo.gl/sdY1p
1/21/12 (SINGAPORE) ANZ Asia's private banking head Nina Aguas resigns as managing director of Asia-Pacific private banking.
http://goo.gl/hlHvG
1/21/12 (USA CA) Nara Bancorp (Now called BBCN) President and CEO Min Kim Resigns
http://goo.gl/rcfJ3
1/21/12 (US TX) City of Weslaco finance director Bret Mann; resigns
1/22/12 (KENYA) National Bank of Kenya's (NBK) managing director, Mr Reuben Marambii, will resign before year end.
http://goo.gl/c2n7r
1/23/12 (SOUTH AFRICA) The South Africa Private Equity and Venture Capital Association (SAVCA) CEO JP Fourie resigned
http://goo.gl/dmxFI
1/23/12 (US OH) Ohio Legacy Corp. director of the Board Michael S. Steiner resigns
http://goo.gl/9xTcc
1/23/12 (US OH) Ohio Legacy Corp. director of the Board Heather Davis resigns
http://goo.gl/9xTcc
1/24/12 (IRELAND) Deutsche International Corporate Services Limited fund, Paul Shevlin resigned as a director
http://goo.gl/OjZFF
1/24/12 (US KS) Capitol Federal Financial, Inc., Director of the Board B. B. Andersen retires
http://goo.gl/q50yg
1/24/12 (AUstralia) National Australia Bank currency strategist John Kyriakopoulos Resigns
http://goo.gl/eoqeF
1/24/12 (SWITZERLAND) Global Fund to Fight AIDS, Tuberculosis and Malaria, Dr. Michel Kazatchkine, a French clinical immunologist and head of the $22.6 billion fund has abruptly resigned, since revelations about corruption and misspending severely rattled some of its biggest donors. The resignation came on the eve of the World Economic Forum meeting in Davos, which played a role in its creation a decade ago. A dinner for the public-private fund is planned Thursday with U.N. Secretary-General Ban Ki-moon and major backers Bill Gates and the Bill & Melinda Gates Foundation. The shakeup resulted from an internal review to address problems highlighted in Associated Press stories last year about the loss of tens of millions of dollars in grant money because of mismanagement and alleged fraud. Its biggest private donor is the Bill & Melinda Gates Foundation, which has pledged $1.15 billion and provided it with $650 million so far.
http://goo.gl/bqXs8
1/25/12 (Papua New Guinea) Bank South Pacific (BSP) chairman Kostas Constantinou resigned as a director of the Board of Bank of South Pacific Limited and its subsidiaries.
http://goo.gl/vh3az
1/25/12 (UK) SOFIA PROPERTY FUND LIMITED, Gerry Williams has resigned as a Director, following his resignation from Ardel Holdings Limited ("Ardel") where he was CEO. Ardel is the holding company of Ardel Fund Services Limited which provides administration services in Guernsey to the Company.
http://goo.gl/kDfVv
1/25/12 (Kazakhstan) Independent Director of Kazakhstan's BTA Bank Konstantin Korishchenko resigns
http://goo.gl/lUl39
1/25/12 (USA NY) Fortress Private Equity, CEO Daniel Madrid (aka Daniel Mudd) has resigned. Madrid was forced to leave in order to deal with SEC allegations. Prior to joining Fortress, Madrid served as Fannie Mae CEO and was forced to resign. SEC sued Madrid and former Freddie Mac CEO Richard West Long (aka Richard Syron) for hiding hundreds of billions of dollars in subprime loans. Madrid denied the SEC allegations saying the US govt. and investors were informed of Fannie Mae’s loan data.
http://goo.gl/u9IdB and http://goo.gl/v94ik and http://goo.gl/tXQwP
1/26/12 (US NJ)PHH Corp.'s director of the Board James Brinkley retires
http://goo.gl/BhN3I
1/27/12 (SINGAPORE) AIMS AMP CAP INDUSTRIAL REIT, Mr Graham Sugden resigned.
http://goo.gl/VZYHY
1/27/12 (SOUTH AFRICA) ABSA Group COO Alfie Naidoo would be leaving to pursue personal interests
http://goo.gl/cVWnA
1/27/12 (SOUTH AFRICA) ABSA Group chief marketing and communication officer Happy Ntshingila, will be taking up an "exciting position" outside banking
http://goo.gl/cVWnA
1/27/12 (SOUTH AFRICA) ABSA Group CEO Daphne Motsepe retires at the end of April after a 10-year career at the bank.
http://goo.gl/cVWnA
1/28/12 (US PA)S&T Bank'sBob Routresigns as Chief Financial Officer
http://goo.gl/l3Nw3
1/29/12 (PORTUGAL) Banco Santander Totta SA executive chairman Nuno Manuel da Silva Amado has resigned
http://goo.gl/Glvdn
1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
http://goo.gl/BwUgv
1/29/12 (UAE) NBD, Emirates 's investment banking division CEO Suresh Kumar is leaving the bank
http://goo.gl/S1x0F
1/30/12 (UK) British Private Equity and Venture Capital Association (BVCA) COO Andrew Graham steps down
http://goo.gl/4SDW8
1/30/12 (Malaysia) Dr Choong Tuck Yew has retired as director and chairman of OSK Investment Bank Bhd
http://goo.gl/CYiwL
1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO Fred Goodwin Stripped of Knighthood
http://goo.gl/CoLVS
1/31/12 (Italy) Director and member of the Remuneration Committee Carlo Pesenti resigns from Unicredit
http://goo.gl/HCXNQ
1/31/12 (IRELAND) The Director of Corporate Enforcement Paul Appleby has announced his retirement at the end of next month. Mr. Appleby has held the position for the past 10 years since the office was first established in 2001. He has led the ODCE investigation into Anglo Irish Bank which is almost complete.
http://goo.gl/vpq99 and
The Director of Corporate Enforcement "pulls a stroke". The Head of the Garda Investigation team looking into 'events' in Irish banking quits and accepts a job with a bank.
http://goo.gl/R0nis

Sabrina

15th April 2012, 20:13

More of the list as above.

2/01/12 (US CT) President and CEO of the First National Bank of Suffield George W. Hermann resigns
goo.gl/JLlHz
2/01/12 (SYRIA) Arab Bank Syria Board member Basma Talal Zein resigns.
http://goo.gl/WXxzw
2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy CEO Louis von Zeuner resigns
http://goo.gl/IP8nH
2/01/12 (UK) Lloyds Bankging Group head of wholesale Truett Tate quits
http://goo.gl/OqRVo
2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
http://goo.gl/vjO5M
2/01/12 (Japan)Credit Suisse’s Paul Kuosteps Down as Japan CEO http://goo.gl/1F2Xm
2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
http://goo.gl/bb5sh
2/02/12 (USA) American Perspective Bank, President and CEO Thomas J. Beene resigned.
http://goo.gl/K66eb
2/02/12 (USA) NIR Group hedge funds, Corey Ribotsky was forced out of NIR by Pricewaterhouse-Coopers, the court-appointed liquidator, following allegations of fraud by the Securities and Exchange Commission. In September, the SEC sued Ribotsky and NIR for taking more than $1 million of investors’ money to buy cars and watches.
http://goo.gl/w068O
2/02/12 (IRELAND) AXA Rosenberg Management Ireland Limited, director Nathalie Savey resigned.
http://goo.gl/cXB8u
2/02/12 (Canada) VP of account management and sales in State Street’s securities finance team in Canada Warren Maynard resigns
http://goo.gl/IZ09h
2/03/12 (UK) VinaCapital Vietnam Opportunity Fund Ltd, Non-Executive Director Horst Geicke has resigned.
http://goo.gl/r955T
2/03/12 (UK) UBS London trader, Kweku M. Adoboli, was arrested and charged with fraud and false accounting, forcing UBS to announce a $2.3 billion trading loss.
http://goo.gl/ClTaq
2/05/12 (USA - NY) Morgan's investment banking chairman Joseph Perella quit
http://goo.gl/pG2jF
2/05/12 (USA - NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
http://goo.gl/bRv9K
2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
http://goo.gl/OhCEb
2/06/12 (USA NY) TD Ameritrade, head of retail distribution John Bunch resigns. Bunch is leaving to take the top job at a small investment advisory firmin Kansas City.
http://goo.gl/kgS7M
2/06/12 (CANADA) Director of Sprott Inc. Mark McCain resigns
goo.gl/ZUVp8
2/07/12 (USA) Bank Of America's Mortgage Business Chief Barbara Desoer Retires
http://goo.gl/i7AUY
2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
http://goo.gl/fP03J
2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?)
http://goo.gl/PiQSy
2/07/12 (UK) Agneash Soft Commodities PLC, an investment company in mineral, announced resignation of its Chief Investment Officer Tom Winnifrith .
http://goo.gl/LDgl9
2/07/12 (US NY) BlackRock, General counsel Robert P. Connolly leaves
goo.gl/l7c9v
2/08/12 (SOUTH AFRICA) Standard Bank Group Ltd - Resignation of Group Secretary Loren Wulfsohn
http://goo.gl/K1pfn
2/08/12 (USA OH) Cleveland International Fund (CIF) private equity fund, A. Eddy Zai launched and led the Cleveland International Fund, an investment outfit that pairs wealthy foreign investors hoping for U.S. residency with job-creating projects. Zai resigned from his job this week, before being indicted in a bank-fraud scheme that, according to investigators, contributed to the collapse of a credit union in Eastlake.
http://goo.gl/tgamf
2/08/12 (UAE) Emirates NBD makes top-level changes Bank's deputy chief executive officer Abdul Wahed Al Fahim has resigned.
http://goo.gl/JUdNd
2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 62 year old Monsignor Emilio Messina, the Archdiocese of Camerino-San Severino Marche investigated on money laundering by Italian officials.
http://goo.gl/uztVU
2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 49 year old Father Don Salvatore Palumbo of the socially popular parish of San Gaetano
http://goo.gl/uztVU
2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 37 year old Father Horace Bonaccorsi of Catania, already tried and acquitted in Sicily for money laundering offenses recycling money through accounts at IOR
http://goo.gl/uztVU
2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 85 year old Father Don Evaldo Biasini of Rome. Father Don Evaldo Biasini is known as the "Don of Cash".
http://goo.gl/uztVU
2/09/12 (IRELAND) SPL Investment Funds's director John Davey discharged
goo.gl/h814P
2/09/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
http://goo.gl/8BuXy
2/09/12 (UK) JP Morgan Chinese Investment Trust PLC, non-executive Director Madam Yujiang Zhao resigned
http://goo.gl/CPO23
2/09/12 (UK) Alliance Trust Savings (ATS), Robert Burgess is stepping down as CEO.
http://goo.gl/ohHG3
2/10/12 (NIGERIA) Peace Capital Market Limited Managing Director Sabinus Iroanya Chukwu resigns
goo.gl/MlI5N
2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
http://goo.gl/DBKdc
2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
http://goo.gl/wMl5g
2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
http://goo.gl/GFvIy
2/13/12 (UK) Goldman Sachs confirmed on Monday that George N. Mattson, one of the firm’s top deal makers in the industrial sector, will retire. He was a senior relationship banker with a client list that included General Motors, General Electric and Caterpillar.
http://goo.gl/vgnq2
2/13/12 (HONDURAS) Honduras finance minister William Chong Wong, resigned on Monday after the International Monetary Fund (IMF) said the country did not reach its deficit and monetary targets for 2011.
http://goo.gl/drgHY
2/13/12 (US PA) AmerisourceBergen CFO Michael DiCandilo Abruptly Leaves.
http://goo.gl/ElyIk
2/13/12 (US NH) New Hampshire Thrift CEO Stephen Ensign retires
http://goo.gl/aZYAs
2/13/12 (US NC)SVP and regional executive for Bank of North CarolinaWilliam H. 'Bill' McMurray IIIretires
http://goo.gl/jm5lf
2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
http://goo.gl/iQ0n8
2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
http://goo.gl/uHp6C
2/14/12 (PAKISTAN) National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned
http://goo.gl/scexo
2/14/12 (USA NY) Goldman Sachs Jeffrey Moslow resigns, an investment banker to companies such as Tyco International Ltd, Nstar, the Boston-based utility, and defense contractor Dyncorp International Inc.
http://goo.gl/7h4O7
2/14/12 (US MI) Fentura Financial Inc.'s Douglas Kelley resigns as CFO
http://goo.gl/735Pj
2/14/12 (US NC) North Carolina Bank Commissioner Joseph A. Smith, Jr.Resigns
http://goo.gl/rUoof
2/15/12 (SOUTH AFRICA) HPA - Hospitality Property Fund Limited, chairman Frank Berkeley resigned.
http://goo.gl/wJmpR
2/15/12 (USA) Boston Properties (REIT), Executive VP and COO E. Mitchell Norvilleto resigned
http://goo.gl/AW7X7
2/15/12 (WORLD) World Bank CEO Zoellick resigns
http://goo.gl/dHDSm
Did the White House tell the World Bank president that he's out?
http://goo.gl/wUOgb
2/15/12 (CHINA) Morgan non-executive chairman Stanley Stephen Roach will be retiring.
http://goo.gl/MQeGW
2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
http://goo.gl/SNsVI
2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
http://goo.gl/TyYiJ
2/16/12(CHINA) Goldman Sachs Vice Chairman in Asia Pacific excluding Japan Mark Machin steps down
goo.gl/mx4Hw
2/16/12 (USA IL) Deerfield Capital Management LLC, CEO Daniel Hattori and CEO of CIFC Corp resigned.
http://goo.gl/LLNnD
2/16/12 (USA IL) Deerfield Capital Management LLC, COO Luke Knecht and CEO of CIFC Corp, resigned both positions.
http://goo.gl/LLNnD
2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
http://goo.gl/yT6rS
2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
http://goo.gl/c7PtU
2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
http://goo.gl/CtmOU
2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
http://goo.gl/I7Alo
2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
http://goo.gl/WczHh
2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
http://goo.gl/I7Alo
2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
http://goo.gl/I7Alo
2/16/12 (AUSTRALIA) Royal Bank of Scotland Austraila CEO Stephen Williams resigns
http://goo.gl/4r16D
2/16/12 (Bermuda) Global Specialised Opportunities 1 Limited Fund's Oliver Betz-Fletcher resigns from the Board of Directors
http://goo.gl/ttD62
2/17/12 (SOUTH AFRICA) Coronation Fund Managers CEO Hugo Nelson is stepping down at age of 40.
http://goo.gl/I3NY8
2/17/12 (PAKISTAN) PICIC Asset Management Company Limited CFO Ahmed Raza resigns
http://goo.gl/K8A2I
2/17/12 (USA NY) Goldman Sachs CEO Lloyd Blankfein out as by summer
http://goo.gl/UjpzD
2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns
http://goo.gl/1n1Nr
2/17/12 (UK) Insight Investment, asset manager Mike Pinggera has resigned..
http://goo.gl/uDplK
2/17/12 (USA NY) Harbinger Group Inc. CFO Francis T. McCarron has advised the Company of his resignation effective April 30
http://goo.gl/6il4F
2/17/12 (BULGARIA) Bulgaria National Health Insurance Fund (NHIF), The managing director Neli Nesheva, resigned after a two-day row about end-of-year bonuses paid by NHIF to its employees.
http://goo.gl/7UQxv
2/17/12 (US OH) Chairman and CEO Doyle Lee of First Financial Bank retires
http://goo.gl/uck4h
2/18/12 (PAKISTAN) The Bank of Azad Jammu and Kashmir executive Zulfiqar Abbasi resigns
http://goo.gl/G0woP
2/18/12 (Norway) Terra to Close Equity Trading Desk's CEO Stein Ole Larsen resigns After FSA Report
http://goo.gl/gwNia
2/19/12 (MALTA) Bank of Valletta, director of the Multi-Manager Fund John C. Ripard, has resigned being reprimanded by the MFSA for disposing of his holdings in the Fund whilst in possession of sensitive information which was not available to the public.
http://goo.gl/1li3r
2/20/12 (IRELAND) SPL Investment Funds's director Mike Kirby resigns
goo.gl/nDW2T
2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
http://goo.gl/Unuez
2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://goo.gl/F5twL
2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
http://goo.gl/aA0RW
2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
http://goo.gl/6Dj0i
2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
http://goo.gl/DuMrm
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB
2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB
2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
conflict of interest with director seat on Eastland Insurance Company Limited
http://goo.gl/aEmwB
2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over duties from Brian Mccappin, who the bank said in December would resign after the unit was banned for two weeks from trading tied to the London and Tokyo interbank offered rates.
http://goo.gl/Z1rnw
2/21/12 (Bangladesh) Social Islami Bank Limited's Taslima Akter resigned from the board in compliance with the Insurance Act 2010.
http://goo.gl/yHdB9
2/22/12 (US CA) PIMCO, Chairman of the board Vernon Wright resigned from the world's biggest bond fund.
goo.gl/UeQWm
2/22/12 (US CA) PIMCO board member Gregg Silver resigned from the world's biggest bond fund.
goo.gl/UeQWm
2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits
http://goo.gl/ppKno
2/22/12 (SINGAPORE) Macquarie International Infrastructure Fund's CEO John Stuart to resign
http://goo.gl/ji7Q4
2/22/12 (USA NY) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
http://goo.gl/x4Zsr
2/22/12 (UK) UBS AG’s (UBSN) Doug McCutcheon, head of Healthcare Banking in Europe, Middle East, Africa and Asia-Pacific region, has left Switzerland’s biggest bank after 25 years at the firm.
http://goo.gl/Dnxqh
2/23/12 (UK) Goldman Sachs Nordic M&A banker Luca Ferrari has decided to retire from the firm, clients included the largest telecommunications operator in Spain the Spanish telecommunications.
http://goo.gl/qmCh3
2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
http://goo.gl/DTL5S
2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.
2/23/12 (Canada) Bank of Montreal investment banking head Bill Butt to retire
http://goo.gl/a4CIs
http://goo.gl/KoEUI
2/24/12 (GUERNSEY) Spearpoint Limited (SPL) Investment Funds, director Mike Kirby resigns for business reasons.
http://goo.gl/9stPB
2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
http://goo.gl/5eUqU
2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
http://goo.gl/JIC9A
2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
http://goo.gl/6UJau
2/24/12 (USA NY) Evercore Partners Head Eduardo Mestre steps down
http://goo.gl/n5RLY
2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
http://goo.gl/nMTLW
2/25/12 (DENMARK) European Investment Bank (EIB), Mr Sigmund Lubanski, of the Kingdom of Denmark tendered his resignation.
http://goo.gl/y4XXF
2/25/2012 (LUXEMBOURG) European Investment Bank, director of the Board Sigmund Lubanski resigns
goo.gl/hA9Vu
2/27/12 (GERMANY) Deutsche Bank Americas chief Seth Waugh steps down
http://goo.gl/8lxSw
2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
http://goo.gl/yKjzL
2/27/12 (BAHRAIN) - Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
http://goo.gl/hhHSm
2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
http://goo.gl/IJ5Lw
2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
http://goo.gl/eVCS5
2/27/12 (GERMANY) Equiduct chairman Artur Fischer steps down
http://goo.gl/Q0dWR
2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns - Flees to Canada!
http://goo.gl/DDEUk
2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
http://goo.gl/ZD0mc
2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
http://goo.gl/dsXcE
2/27/12 (SINGAPORE) Standard Chartered Bank, global head of repo and collateralised financing Tanweer Khan resigned.
http://goo.gl/hgbuc
2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
http://goo.gl/Uo800
2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
http://goo.gl/26MYq
2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
http://goo.gl/NDJze
2/28/12 (HONG KONG) Bank of America's Asia-Pac. mrkts Brian Canniffe quits
http://goo.gl/cRkCP
2/28/12 (BELGIUM) KBC's CEO Jan Vanhevel is to retire after a career spanning 41 years.
http://goo.gl/1rCWd
2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
http://goo.gl/HIYXv
2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
http://goo.gl/ggPvq
2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
http://goo.gl/YxvNA
2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
http://goo.gl/F0UgN
2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate
http://goo.gl/7aLRU
2/28/12 (UK) Bank of England Sir David Lees re-appointed Chair of Bank of England and gives notice of resignation at end of 2013
http://goo.gl/LkJhV
2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walsh resigns
http://goo.gl/n6uoM
2/28/12 (US IN) Regional chairman of PNC bank in Indy to retire Steve Stitle
http://goo.gl/Zo00r
2/29/12 (US KY)PNC Bank regional presidentHarry Richart IIIretires
http://goo.gl/Hjhro
2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
http://goo.gl/Jh9jd
2/29/12 (UK) Honister Capital CEO Richard Pearson steps down
http://goo.gl/014or
2/29/12 (GUYANA) National Investment and Commercial Investments Ltd. (NICIL), Executive Director Winston Brassington resigns, “We feel that (Winston) Brassington knows everything…A to Z about all the transactions,” said Chairman of the Alliance for Change (AFC), Khemraj Ramjattan, as he sounded a warning that controversial figure could be subpoenaed to appear before the Parliamentary Economic Sector Committee.
http://goo.gl/L7I35
2/29/12 (US AR) Human resources and operations manage Wanda Tormey to retire from Decatur State Bank
http://goo.gl/iW6XN
2/29/12 (London) Bank of Tokyo's EMEA Loan Syndicate Head Francesco Carobbi Said to Quit
http://goo.gl/tKBQk

¤=[Post Update]=¤

More of the list as above.

3/01/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits
http://goo.gl/wACrI
3/01/12 (ITALY) Italian Banking Association Chairman Giuseppe Mussari talks to reporters in Rome after he and seven other executives offered to resign in protest over new banking-fee rules included in the government's legislation on boosting competition.
http://goo.gl/3llyT
3/01/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits
http://goo.gl/nA8g9
3/01/12 (USA NY) PineBridge Investments said Win Neuger has resigned as chief executive. Neuger helped build AIG's third party asset management business, PineBridge still manages AIG assets
http://goo.gl/SI7kT
3/01/12 (SINGAPORE) UBS Singapore - James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going.
http://goo.gl/BGugF
3/01/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires
http://goo.gl/uEqDV
3/01/12 (ICELAND) Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar Andersen
http://goo.gl/VG9q5
3/01/12 (USA OR) Oregon Public Employees Retirement Fund (OPERF) senior RE officer Brad Child will retire
http://goo.gl/vcERz
3/02/12 (USA NC) North Carolina Retirement Systems, Chief investment officer Shawn Wischmeier resigned.
http://goo.gl/zx2tU
3/02/12 (CHINA) China Construction Bank Corp, assistant general manager and head of corporate banking Mickey Mehta quits
http://goo.gl/B9dR0
3/02/12 (USA NY) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.
http://goo.gl/8kZuc
3/02/12 (UK) Bank of England Sir Mervin King resigns in June, Lord Sassoon tipped as replacement.
http://goo.gl/ZEUwf
3/02/12 (BOTSWANA) Barclays Bank Botswana managing director Wilfred Mpai forced to resign
http://goo.gl/npBe2
3/02/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns
http://goo.gl/wFSV8
3/02/12 (USA NY) Citigroup Richard Parsons to step down as chairman
http://goo.gl/BhZ0F
3/02/12 (Canada) National Bank Announces the Retirement of Rejean Levesque
http://goo.gl/uol12
3/03/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended
http://goo.gl/w99tD
3/03/12 (ETHIOPIA) Dashen Bank’s board dismisses president Leulseged Teferi
http://goo.gl/Y801M
3/03/12 (RUSSIA) Enza Capital KK, Wealthy British banker Philip Townsend (Baron Townsend of Rathmore) and his wife killed at Estonia holiday home ⑆44541444⑈
http://goo.gl/GSOUN and http://goo.gl/x94ID and http://goo.gl/gGgLP
3/04/12 (KOREA) Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns
http://goo.gl/fmNxY
3/04/12 (USA NY) JP Morgan prop trading chief Mike Stewart quits
http://goo.gl/gubPj
3/05/12 (SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned
http://goo.gl/pNx0l
3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down
http://goo.gl/RPqOp
3/05/12 (UK) Jupiter fund co-manager John Hamilton steps down
http://goo.gl/RPqOp
3/05/12 (NEW ZEALAND) Insured Group Bill Jeffries has resigned as chairman and director
http://goo.gl/gX7wu
3/05/12 (USA) Reliance Bancshares chairman Patrick Gideon resigned
http://goo.gl/u6BT4
3/05/12 (UK) Charterhouse partner Gordon Bonnyman is stepping down.
http://goo.gl/iAEYB
3/05/12 (UK) HgCapital, partner Lindsay Dibden is leaving after 20 years.
http://goo.gl/iAEYB
3/06/12 (FRANCE) Blackstone Group's Paris office leader Jean-Michel Steg will step down
http://goo.gl/w3Ca5
3/06/12 (JAMAICA) Jamaica Money Market Brokers Limited, Patricia Sutherland has resigned as Executive Director
http://goo.gl/oMwv6
3/06/12 (JAMAICA) Jamaica’s Financial Services Commission (FSC), Executive director Rohan Barnett, has resigned the position, the Ministry of Finance, Planning and the Public Service announced this afternoon.
http://goo.gl/FBwFo
3/06/12 USA CT) Wells Fargo & Co. said that Mackey McDonald, one of the last remaining directors from Wachovia is retiring.
http://goo.gl/F1O4v
3/06/12 (USA PA) USA Technologies Inc Bradley M. Tirpak, a nominee of Shareholder Advocates for Value Enhancement,has resigned from its board subsequent to a settlement agreement with the investing group, according to an SEC filing. Provides a network of wireless non-cash transactions, associated financial/network services and energy management. It provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.
http://goo.gl/8oi7C
3/06/12 (UK) Sterling Green Group has announced that Philip Kanas, a non-executive director, has decided to resign
Sterling Green Group PLC became a cash shell following the disposal of their subsidiaries Taxdebts Ltd, Sterling Green (Mortgages) Ltd and the back books of the clients of Sterling Green Ltd. during December 2011.
http://goo.gl/qc3jB
3/06/12 (UK) Aberdeen Asset Management, non-executive director Gerhard Fusenig has resigned from the board.
http://goo.gl/ZIkvQ
3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Risk Officer Hugo Baenzigeri to resign
http://goo.gl/MWqsH
3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Operating Officer Hermann-Josef Lamberti to resign
http://goo.gl/MWqsH
3/07/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver will step down as CEO
http://goo.gl/rfhWN
3/07/12 (SCOTLAND) Macfarlane Group Chairman Archie Hunter to step down after 8 years of service
http://goo.gl/RHllr
3/07/12 (USA) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities.
http://goo.gl/CpEzZ
3/07/12 (UK) Goldman Sachs (GSI) Christopher French resigns from board
http://goo.gl/3yQDS
3/07/12 (UK) Goldman Sachs (GSI) David Wildermuth resigns from board
http://goo.gl/3yQDS
3/07/12 (UK) Goldman Sachs (GSI) Matthew Westerman resigns from board
http://goo.gl/3yQDS
3/07/12 (UK) Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel Zaoui resigns
http://goo.gl/3yQDS
3/07/12 (UK) Goldman Sachs (GSI) Phil Beatty resigned as head of European power and natural-gas trading
http://goo.gl/jqbYY
3/07/12 (SINGAPORE) Nikko Asset Management Timothy McCarthy is retiring as chairman and CEO at the end of the month
http://goo.gl/v8tcT
3/07/12 (HONG KONG) UBS Senior Asia Economist Jonathan Anderson Departs
http://goo.gl/09VqT
3/07/12 (HAITI) FORMER DIRECTOR HAITI CENTRAL BANK SLAIN! ⑆44541444⑈
http://goo.gl/UtVz3
3/07/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking
http://goo.gl/XhgJ9
3/07/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator
http://goo.gl/eZJMb
3/07/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns
http://goo.gl/ub0ke
3/07/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune
http://goo.gl/Zv6Ny
3/07/12 (US NH) Susan Goodwin to Retire from Meredith Village Savings Bank
http://goo.gl/jEohF
3/07/12 (US TN) Dwight Grizzell Mountain National president and CEO, retires
http://goo.gl/h6oJO
3/08/12 (UK) Schroders, Chairman Michael Miles depart as fees, inflows drop. UK's biggest fund management firm.
goo.gl/TgURM
3/08/12 (USA NY) Schroders, CIO Alan Brown is steps down
http://goo.gl/ZTtYo
3/08/12 (USA IL) CBOE Executive Patrick Fay Put on Leave Amid SEC Probe
http://goo.gl/x5snO
3/08/12 (USA NH & RI) Bristol County Savings Bank president E. Dennis Kelly retires after 35 years
http://goo.gl/8KVKn
3/08/12 (GERMANY) Clearstream Banking AG – Katja Rosenkranz To Leave Deutsche Börse Group [stockmarket]
http://goo.gl/RiVNi
3/08/12 (UK) B&CE CEO Brian Griffiths is to retire later this year
http://goo.gl/AV7Sk
3/08/12 (UK) Invesco Trimark Ltd, portfolio manager Dana Love has resigned.
http://goo.gl/MyQ90
3/08/12 (ISRAEL) Bank of Israel Governor Stanley Fischer will hand in his shock resignation in the coming days and take up a new position as head of the Bank of Zambia. Finance Minister Yuval Steinitz is believed to be furious with Fischer's decision. Treasury officials said he even canceled his participation in the office's annual Purim party in order to convince Fischer to reverse his decision.
http://goo.gl/0DlSA
3/08/12 (SOUTH AFRICA) Standard Bank Group Limited (SBK), board member Sir Paul Judge retires.
http://goo.gl/SjSPg
3/08/12 (SOUTH AFRICA) Standard Bank Groupl Limited (SBK), board member Sir Sam Jonah retires.
http://goo.gl/SjSPg
3/08/12 (Germany) Managing director and European head of securities lending at Deutsche Bank Ben Sofoluwe has left the company
http://goo.gl/uDnPZ
3/09/12 (MONGOLIA) Mongol Bank President Alag Batsukh submitted his resignation letter to Speaker of Parliament D. Demberel at the end of last month. He described his reason for resigning as a lack of support by Parliament.
http://goo.gl/RDmNx
3/09/12 (MONGOLIA) Asia Pacific Securities, General Manager Narantuguldur Saijrakh recently resigned, to focus on his role as Director of Khan Investment Management, investment advisor to the Khan Mongolia Equity Fund - the first open-ended investment vehicle with monthly dealing that invests in Mongolia related equities listed both domestically and internationally.
http://goo.gl/2T4R6
3/09/12 (Côte d’Ivoire) Banque Central des Etats d’Afrique de l’Ouest (BCEAO) The Ivorian governor of the multi-billion dollar West Africa Francophone bank, Philippe-Henry Dacoury-Tabley, resigned his post.
http://goo.gl/CevLn
3/09/12 (UK) Lazard , co-head of investment banking Alexis de Rosnay quits. De Rosnay specialises in the healthcare sector, he has advised Teva Pharmaceutical and Novartis.
http://goo.gl/3gzbi
3/09/12 (UK) Deutsche Bank PWM, UK head of portfolio management Martyn Surguy resigned.
http://goo.gl/5Ti2p
3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous, having also stepped down.
http://goo.gl/5Ti2p
3/09/12 (HONG KONG) Bank of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia, resigned
http://goo.gl/sE7xh
3/09/12 (HONG KONG) Bank of America Merrill Lynch, Jimmy Choi, who was in charge of high-yield debt, resigned.
http://goo.gl/sE7xh
3/09/12 (HONG KONG) Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong Kong resigned.
http://goo.gl/sE7xh
3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
http://goo.gl/ieNea
3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns.
http://goo.gl/9uKVx
3/09/12 (US OH) MORPC leader Chester Jourdan resigns
http://goo.gl/FIwVh
3/09/12 (US OH) Park National Corp.’s chief financial officer John Kozak retires
http://goo.gl/hUS18
3/10/12 (AUSTRALIA) WESTPAC, Rob Chapman opted to quit running its regional subsidiary St George Bank.
http://goo.gl/G6MD
3/10/12 (TURKEY) Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has decided to quit.
http://goo.gl/vAMzV
3/10/12 (CHINA) Korea Development Bank, Shanghai unit senior manager Stella Wen resigned.
http://goo.gl/55CqZ
3/10/12 (HONG KONG) Deutsche Bank, Johan Sudiman resigns as director.
http://goo.gl/6CYGP
3/12/12 (USA) John Lewis Partnership Pension Trust, head of investments Andrew Chapman, resigns
http://goo.gl/hevqh
3/12/12 (USA CA) California’s Department of Financial Institutions, commissioner William Haraf resigned. The DFI did not say why he is leaving.
http://goo.gl/zquTc
3/12/12 (KUWAIT) Gulf Bank, Chairman Ali Rashaid Al Bader quits
http://goo.gl/LDz9b
3/12/12 (UK and IRELAND) Allfunds Bank, head of UK and Ireland Alan Gadd is stepping down from his role at the end of April.
http://goo.gl/4DF6i
3/12/12 (USA) ICAP, CEO of the electronic broking business David Rutter step down following a restructuring of the business.
http://goo.gl/SUHqW
3/12/12 (UK) SVG Capital, chairman Nicholas Ferguson resigns. His departure left him well placed to succeed James Murdoch as chairman of BSkyB should the latter bow to investor pressure and step down. Other investors in the satellite broadcaster suggested Ferguson might be seen as too close to Murdoch to win the support of institutional shareholders.
http://goo.gl/z19wH
3/12/12 (UK) Park Hill Group - Blackstone Group’s fundraising advisory arm, Managing Partner of private equity and hedge fund distribution Chris Leach resigns
http://goo.gl/jnHax
3/12/12 (UK) Park Hill Group - Blackstone Group’s fundraising advisory arm, Managing Partner Justin Bower resigns
http://goo.gl/jnHax
3/12/12 (UK) The chief executive David Rutter of the electronic broking business at interdealer broker Icap stepping down.
http://goo.gl/sxk4y
3/12/12 (SOUTH AFRICA) The Development Bank of Southern Africa (DBSA), CEO Paul Baloyi resigns.
http://goo.gl/yX4xo
3/12/12 (USA) Lehman Brothers Holdings Inc, CEO Bryan Marsal Resigns Title, Remains on as Adviser
http://goo.gl/1K9zV
3/12/12 (USA IL) CME Group Inc, CEO Craig Donohues will step down at year end.
http://goo.gl/lvzgC
3/13/12 (USA) Eaton Vance Corp, Treasurer and CFO Robert J. Whelan has stepped down.
http://goo.gl/oxmbL
3/12/12 (USA IL) CBOE Holdings Inc. (CBOE), senior compliance executive Patrick Fay has resigned. The options exchange being investigated by the Securities and Exchange Commission, Fay had been placed on leave after the SEC began investigating the options-market operator’s oversight of traders.
http://goo.gl/gj4W6
3/13/12 (USA) Mithras Investment Trust, chairman Mike Wooderson will step down
http://goo.gl/UjO2e
3/13/12 (USA) PHH Mortgage, President Luke Hayden resigned from to pursue what the company calls "other interests." http://goo.gl/iaqQf
3/13/12 (USA) PHH Mortgage, Treasurer Mark Johnson.resigned
http://goo.gl/iaqQf
3/13/12 (AUSTRALIA) WESTPAC, head of corporate affairs after David Bell decided to step down from the role. Bell is the latest top executive to leave the bank.
http://goo.gl/FntUz
3/13/12 (UK) Capula’s Systemic Trading Head Qiang Dai to Leave Fund
http://goo.gl/zkrN2
3/13/12 (UAE) National Bank of Abu Dhabi, CEO Michael Tomalin, will retire from the post in a few months.
http://goo.gl/dzBW8
3/13/12 (ISRAEL) Osem Investments Ltd, CEO Gazi Kaplan has tendered his resignation, effective April 2, citing heath reasons. Nestlé SA owns 58.8% of Osem.
http://goo.gl/t032l
3/13/12 (USA) Paulson & Co.'s, partner and head of the global bank team Robert Lacoursiere has quit to form his own hedge fund
http://goo.gl/I8UNd
3/13/12 (AUSTRALIA) ASX Ltd, Chairman David Gonski will step down from his role at Australia’s main stock market operator after being appointed to oversee almost A$90 billion ($95 billion) in the nation’s sovereign-wealth funds.
http://goo.gl/gJN33
3/13/12 (UK) JP Morgan, Asset Management European chief Jamie Broderick is to step down more than 20 years at the firm.
http://goo.gl/MV65V
3/13/12 (UK) SVG Chairman Nicholas Ferguson retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Edgar Koning retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Denis Raeburn retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Francis Finlay retires.
http://goo.gl/hTDDY
3/13/12 (UK) Nomura's Kieran Higgins co-head of fixed income for Europe, the Middle East and Africa sacked
http://goo.gl/qK80I
3/13/12 (UK) Nomura Holdings Inc. (8604), Japan’s biggest securities firm, will cut about 30 managers in its fixed income unit based in London, Peter Hornick head of fixed income sales for the Americas sacked
http://goo.gl/qK80I
3/14/12 (UK) Global head of financial institutions strategic financing and solutions at Royal Bank of Scotland Antonion Polverino leaves
http://goo.gl/4pp3I
3/14/12 (UK) Goldmand Sachs, executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa, Greg Smith, is resigning today.
http://americankabuki.blogspot.com/2012/03/why-i-am-leaving-goldman-sachs.html
3/14/12 (SOUTH AFRICA) ABSA chairman Garth Griffin to retire
http://goo.gl/Mhjb5
3/14/12 (UK) WorldSpreads, CEO Conor Foley resigns
http://goo.gl/GgT4z
3/15/12 (US WA) HomeStreet Bank, EVP and CFO David Hooston resigns
goo.gl/UUlc0
3/15/12 (DENMARK) Sparekassen Faaborg board member Steen Grønved Nielsen resigns
http://tinyurl.com/6rd3m74
3/15/12 (UK) RBC Capital Markets head of SSA syndicate desk Noel Williams resigns
http://tinyurl.com/7zcf4z8
3/15/12 (UK) Novia London sales manager Dave Chassell quits
http://tinyurl.com/7gx6sn2
3/15/12 (US CA) Prosper Finance (online venture captial services) CEO Chris Larsen steps down
http://tinyurl.com/6lhu8xx
3/15/12 (UK) The Royal British Legion’s (fund) director of corp. communications Stuart Gendall resigns
http://tinyurl.com/7bhtysl
3/15/12 (IRELAND) President of Sinn Fein USA (fund) Larry Downes steps down
http://tinyurl.com/7uqnwcg
3/16/12 (AUSTRALIA) Investorfirst CFO and company secretary Ariel Sivikofsky resigns
http://tinyurl.com/7jdshty
3/16/12 (MALAYSIA) Amanah Raya Bhd (trust) managing director Datuk Ahmad Rodzi Pawanteh steps down
http://tinyurl.com/7wbujpm
3/16/12 (UK) Towry (investment & fin. advice) Non-exec chairman Glyn Jones steps down
http://tinyurl.com/83g3y8b
3/16/12 (GERMANY) Deutsche Bank Chief risk officer (CRO)of Hugo Bänziger steps down
http://tinyurl.com/7pmal9k
3/16/12 (US IL) Henderson Global Investors Inc. head of the International Opportunities Fund Iain Clark steps down
http://tinyurl.com/7kfxz3j
3/16/12 (US CA) Executive VP and Chief Compliance Officer of Heritage Bank of Commerce Margaret Incandela resigns
http://tinyurl.com/6wcaqaz
3/16/12 (US VA) Genworth Financial board member J. Robert Kerrey resigns to campaign for senate seat
http://tinyurl.com/7566f74
3/16/12 (UK) CEO of the FSA (Financial Services Authority) Hector Sants to leave
http://tinyurl.com/7av7v5n>
3/19/12 (US IA) ISU Foundation (fund), President and CEO of the Dan Saftig to step down
http://tinyurl.com/7jvb24x
3/19/12 (BRAZIL) HSBC Brazil CEO Conrado Engel steps down
http://tinyurl.com/89uayoo
3/19/12 (UAE) Finance head at SNR Denton Islamic Sheikh Muddassir Siddiqui resignsto pursue advisory role
http://tinyurl.com/84avxch
3/19/12 (SWITZERLAND) Julius Baer bank’s chairman Raymond Baer steps down in a “surprise departure”
http://tinyurl.com/84gcl3z
3/19/12 (GERMANY) Deutsche Bank, asset management chief Kevin Parker to leave executive committee
http://goo.gl/ahZlJ
3/19/12 (GERMANY) Deutsche Bank, head of private wealth management Pierre de Weck resigns from executive committee
http://goo.gl/wRZkU
3/19/12 (HONG KONG) China Development Bank HK branch CEO Di Weiping retires
http://tinyurl.com/7xcskmp
3/19/12 (US ID) SunTrust Bank president and CEO Thomas Rueger to retire
http://tinyurl.com/7n2l6sr
3/19/12 (SWEDEN) AP6 (private equity) CEO Marianne Dicander Alexandersson steps down
http://tinyurl.com/7bnvygp
3/19/12 (SWITZERLAND) FINMA (Swiss Financial Market Supervisory Authority) Vice-chair Monica Mächler to step down
http://tinyurl.com/7r9akho
3/19/2012 (US DE) David Folkwein, interim president and chief executive officer of Delaware County Bank, is leaving the position effective June 22
http://goo.gl/p6nxa
3/19/12 (Greece) Greek finance minister Venizelos resigns to head Socialist party
http://goo.gl/XMdQw
3/19/12 (BRAZIL) HSBC Brazil Chief Executive Conrado Engel Steps Down
http://goo.gl/LvtXe
3/16/12 (Cyprus) Cyprus Finance Minister Kikis Orcel resigns in spite of president's plea to stay
http://goo.gl/tbJI2
3/20/12 (KUWAIT) National Investments Co. chairman Yousef Al Majid resigns
http://tinyurl.com/7maw3xx
3/20/12 (UK) Bank of America, Co-head of distressed debt at Michael Guy resigns
http://tinyurl.com/75eml6v
3/20/12 (US PA) Penseco Financial Services Corp, Former state senator Robert J. Mellow resigns from board
http://tinyurl.com/6rxqeo9
3/20/12 (US TX) Acquisition chief Dan Magder quits Lone Star Investments
http://tinyurl.com/6qm2rj4
3/20/12 (NIGERIA) Chairman of House Committee on Capital Markets Hon. Herman Hembe resigns due to allegations of bribery
http://tinyurl.com/7r6dk54
3/20/12 (Hong Kong) Head of Deutsche Bank Asia-Pac Loh Boon Chye quits
http://tinyurl.com/6muckmq
3/20/12 (US NY) Deutsche Bank, head of asset management Kevin Parker steps down from executive committee
goo.gl/4NO66
3/20/12 (GERMANY) Deutsche Bank, Chairman and CEO Josef Ackermann exits with pension of €18.7 million
http://goo.gl/eiF39
3/20/12 (UK) Coller Capital, CEO Charles Hippsley has left to help lead a Christian organisation in London.
http://goo.gl/rVFz0
3/21/12 (GERMANY) Deutsche Bank AG, Co-head Wolfgang Hammes leaves
http://tinyurl.com/74ks8jk
3/21/12 (UK) Aviva Investor’s European equity head John Botham exits
http://tinyurl.com/7qwlc26
3/21/12 (CANADA) National Bank’s Ontaria, Atlantic region manager Mike Miller leaves
http://tinyurl.com/7kq4bdp
3/21/12 (UK) Royal Bank of Scotland Group’s global head of equity prime services Gregory Wagner resigns
http://tinyurl.com/6vz8f8k
3/21/12 (US DC) Liquidity Services Inc, Chief information officer Eric Dean resigns
http://tinyurl.com/7v2c4ku
3/21/12 (US NC) Bank of America Corp.’s salesman Michael Miller resigns
http://goo.gl/S4mwQ
3/21/12 (US NC) Bank of America Corp.’s salesman John Livingstone resigns
http://goo.gl/S4mwQ
3/21/12 (US NC) Bank of America Corp.’s Michael Case, a director of commercial mortgage security banking, resigns
http://goo.gl/S4mwQ
3/21/12 (US NC) Bank of America Corp.’s John Eck, a managing director of asset-based trading, resigns
http://goo.gl/S4mwQ
3/21/12 (US NC) Bank of America Corp.’s Seth Jacker, a managing director of mortgage sales, resigns
http://goo.gl/S4mwQ
3/21/12 (US NC) Bank of America Corp.’s John McNiff, a managing director who served as co-head of trading in commercial mortgage securities, resigns
http://goo.gl/V1c9R
3/21/12 (US NY) JP Morgan's adjustable-rate mortgages trader Roy Kim resigns
http://goo.gl/qvUH9
3/21/12 (US NY) JP Morgan's securitized-products salesman John Angelica resigns
http://goo.gl/qvUH9
3/21/12 (US NY) JP Morgan's co-head of trading in subprime mortgages Raphael Gonzalez resigns
http://goo.gl/qvUH9
3/21/12 (US TN) Chief financial officer for First Security Group, parent of FSGBank, William L. “Chip” Lusk Jr. Leaves. http://goo.gl/fNEg2
3/22/12 (UK) Global equity head Neil Rogan resigns from Henderson Global Investors
http://tinyurl.com/7v2c4ku
3/22/12 (NETHERLANDS) CIO at Nedlloyd Pension Fund Bert Tibben step down
http://goo.gl/NHE94
3/22/12 (UK) Bank of America Corp, chairman of global banking and markets, Andrea Orcel steps down, goes to UBS
http://goo.gl/AVXL2
3/22/12 (UK) Bank of America Corp, Jonathan Moulds steps down, helped build the bank’s over-the-counter derivatives trading business and held positions including global head of rate derivatives trading, head of global derivatives and head of global rates and commodities.
http://goo.gl/AVXL2
3/22/12 (CHINA) China Construction Bank, Zhang Enzhao resigns in the wake of bribery and corruption accusations Bank.
http://goo.gl/WfAio
3/22/12 (SWITZERLAND) Lombard Odier Investment Managers, Chief Investment officer for equities Aziz Nahas of , the asset management arm of the Swiss private bank resigns.
http://goo.gl/ny7dI
3/23/12 (SWITZERLAND) Credit Suisse, Peter Weibel will be resigning from the Board of Directors of both Credit Suisse Group AG and Credit Suisse AG as of the next Annual General Meeting on April 27, 2012.
http://goo.gl/USGHQ
3/23/12 (JAPAN) The head of Asia-Pacific at UBS Global Asset Management Christof Kutscher steps down
http://goo.gl/mUbqo
3/25/12 (EGYPT) National Bank of Egypt, CEO Tarek Amer said that he will step down from his position at the end of 2012.
http://goo.gl/tC7Ma
3/26/12 (HONG KONG) JP Morgan's most senior banker in Asia-Pacific, Gaby Abdelnour, will quit this summer to pursue personal interests
http://goo.gl/1J5ks
3/27/12 (ITALY) UniCredit SpA, Dieter Rampl to resign as chairman of the Italian bank, saying he would step down on April 19. Rampl will represent the bank on the board of Mediobanca (MB.MI), a smaller Italian bank in which UniCredit has a stake.
http://goo.gl/D3JTR
3/28/12 (RUSSIA) Bank of America sales director, George Kogan, who worked in Moscow leaves firm.
http://goo.gl/ivXhp
3/28/12 (RUSSIA) Bank of America, Dir. of equity sales trading, Ekaterina Myasina who worked in Moscow leaves firm.
http://goo.gl/ivXhp
3/28/12 (RUSSIA) Bank of America Sales Traders Alexander Orekhov who worked in Moscow left the firm.
http://goo.gl/ivXhp
3/28/12 (ZIMBABWE) CBZ Holdings, CEO Nyasha Makuvise has stepped down after serving for 16 years.
http://goo.gl/9Zxtn
3/29/12 (SRI LANKA) Seylan Bank, Eastman Narangoda steps down.
http://goo.gl/l6llO
3/29/12 (USA CT) Union Savings Bank CEO Jay C. Lent abruptly resigned Thursday, saying his "his heart is no longer into managing the Danbury lender". Lent, who took a three month leave of absence in October, cited personal reasons for his departure after spending 11 years at the bank.
http://goo.gl/sXZP6
3/30/12 (INDIA) IDBI Bank has announced that Mr Rakesh Singh, a director, has resigned from the bank's board. This follows his appointment as Chief Secretary of Punjab. Mr Singh, who was additional Secretary in the Department of Financial Services, was a Government nominee in IDBI Bank's board. He took charge as Chief Secretary of Punjab on March 26.
http://goo.gl/aKwmp
3/30/12 (UK) Bank of America Merrill Lynch, President of European business, Jonathan Moulds, is set to step down to pursue philanthropic activities, after almost two decades at the bank.
http://goo.gl/wdXRa
3/31/12 (HONG KONG) Credit Suisse Hong Kong Private Bank Location Head, James Hong, Steps Down
http://goo.gl/HUXI9

Sabrina

15th April 2012, 20:14

Final part of the list as above.

4/02/12 (UK) Royal Bank of Scotland, Simon Taylor, head of equities sales trading at Royal Bank of Scotland, has left the to rejoin JP Morgan after four years.
http://goo.gl/46TnS
4/02/12 (AUSTRIA) RZB, CEO Walter Rothensteiner resigned two years before the expiration of his term in office.
http://goo.gl/OteIR
4/02/12 (UK) British Bankers’ Association (BBA), CEO Angela Knight, to step down as CEO in the summer. The BBA is a century-old lobby group that oversees the London interbank offered rate (LIBOR).
http://goo.gl/G9MDq
4/02/12 (UK) J.P. Morgan Cazenove, One of London's most prominent bankers was fined 450,000 pounds for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by regulators to target high-profile figures. Top "rainmaker" Ian Hannam resigned on Tuesday, to fight the fine imposed by the Financial Services Authority (FSA) in relation to 2008 emails that contained information about one of his clients, Heritage Oil. The gruff former special forces soldier, who rose from humble beginnings, is the fifth person to be fined in relation to improper disclosure this year by the regulator, which has previously been accused of being ineffectual in its fight against financial crime. Of the five, Hannam is the most prominent.
http://goo.gl/wmO42
4/02/12 (NETHERLANDS) Rabobank Group Kees Beuving will step down as Chairman of the current Board of Management of Friesland Bank. He is making way for new members of the Board of Management.
http://goo.gl/dkykr
4/02/12 (NETHERLANDS) Rabobank Group Anne Vlaskamp has stated that, after 37 years of service at the bank, he sees this as a natural moment to step down and to give the new Board of Management the space to guide the integration.
http://goo.gl/dkykr
4/02/12 (JAPAN) UBS AG, chief equity strategist Shoji Hirakawa has left the firm
http://goo.gl/EtHOj
4/02/12 (JAPAN) UBS AG, Fumihide Goto, an analyst covering makers of electronic parts has left the firm
.http://goo.gl/EtHOj
4/02/12 (JAPAN) UBS AG, Shinsuke Iwasa, who covered media stocks has left the firm.
http://goo.gl/EtHOj
4/02/12 (JAPAN) UBS AG, Aya Fujiki, an insurance company analyst, has also left the company
http://goo.gl/EtHOj
4/03/12 (CHILE AND PERU) Deutsche Bank, Chairman for Chile and Peru, José Miguel Alcalde, has resigned after almost twelve years at the institution by his desire to spend more time with his family.
http://goo.gl/ArQfA
4/03/12 (INDIA) Avigo Capital Partners buyout specialist Girija Tripathy Quits, To Start Own Fund
http://goo.gl/VjvqV
4/03/12 (INDIA) BSE Ltd, Madhu Kannan quits to join Tata Sons. Kannan was instrumental in launching currency derivatives, SME Exchange and derivatives of four global indices trading on the exchange platform.
http://goo.gl/4l6au
4/03/12 (CYPRUS) Bank of Cyprus PLC, Christakis Christofides has resigned as a director effectove March 31, 2012.
http://goo.gl/aNzSN
4/04/12 (USA NY) Shearman & Sterling senior partner Rohan Weerasinghe has left the US firm to take up a new role at Citi.
Weerasinghe will take up his new position as general counsel and company secretary at the Wall Street investment bank.
http://goo.gl/4QUbK
4/05/12 (USA NY) Brian Sack to Resign from New York Federal Reserve Bank
http://goo.gl/E8RCo see also http://americankabuki.blogspot.com/2012/04/ny-federal-reserve-markets-group-chief.html
4/05/12 (UK) HSBC Holdings Plc (HSBA), Europe’s largest bank, said commercial banking chief Sandy Flockhart will step down after 37 years at the company.
http://goo.gl/lkGBy
4/05/12 (EGYPT) Credit Agricole Egypt bank, Mohamed Lotfy Mansour resigned from his post as the CEO of the bank. Family members of two Mubarak-era ministers have left their posts on the board of Credit Agricole Egypt bank, state-run news agency MENA reported Tuesday. The Maghrabi and Mansour families together own 17 percent of the Cairo bank’s total capital of LE1.14 billion. Last year, an Egyptian court sentenced Maghrabi to five years in prison on charges of profiteering and abusing public funds.
http://goo.gl/suq4f
4/05/12 (EGYPT) Credit Agricole Egypt bank, Yaseen Mansour resigned as a board member. For details see Mohamed Lotf Mansour above.
http://goo.gl/suq4f
4/05/12 (EGYPT) Credit Agricole Egypt bank, Youssef Mansour resigned as a board member. For details see Mohamed Lotf Mansour above.
http://goo.gl/suq4f
4/06/12 (UAE - DUBAI) Deutsche Bank: MENA, Henry Azzam, the chairman of its Middle East and North Africa operations and one of the region's most senior bankers, has stepped down.
http://goo.gl/UXua1
4/06/12 (UAE - DUBAI) Shuaa Capital CEO Michael Philipp has stepped down
http://goo.gl/E9IqA
4/07/12 (MALTA) Fimbank director directors Gérard Lohier resigns
http://goo.gl/5IgRy
4/07/12 (MALTA) Fimbank director directors Pierre-Olivier Fragnière resigns
http://goo.gl/5IgRy
4/09/12 (USA FL) Florida Bank Chief credit officer Thomas Croom resigned as EVP and chief credit officer of Florida Bank. Croom resigned to pursue other employment opportunities.
http://goo.gl/eFgSy
4/09/12 (USA NY) Pioneer Bank CEO Eileen Bagnoli to retire after 40 years.
http://goo.gl/e9I72
4/09/12 (UK) HSBC Holdings plc, Sandy Flockhart is retiring as an executive director
http://goo.gl/O84Uo
4/10/12 (USA PA) The Federal Reserve ordered Louis A. DeNaples to step down from his position as chairman of the board of First National Community Bancorp of Dunmore, Pa., following a settlement he reached with prosecutors following perjury charges. DeNaples must also submit a plan for selling his controlling stakes in First National and another bank.
http://goo.gl/6Yrrr
4/10/12 (POLAND) Bank Millennium SA, CEO Boguslaw Kott, will leave the bank's top job by June 2013 after heading the lender since 1989, Millennium said Tuesday. Millennium's troubled owner, Banco Comercial Portugues S/A (BCP.LB), had put its Polish unit up for sale last year because of a heavy debt load, but dropped the plan after restructuring its balance sheet.
http://goo.gl/B8tIQ
4/10/12 (USA NY) Goldman Sachs, co-head of global M&A Yoel Zaoui is stepping down. Zaoui has been with G.S., for 25 years.
http://goo.gl/LuDQT
4/13/12 (GERMANY) Deutsche Bank economist Thomas Mayer to step down.
http://goo.gl/L6y21
4/13/12 (USA) Bank of America chief information officer Marc Gordon has quit and embarking on a "personal change in direction" says a statement given to Reuters.
http://goo.gl/T5bXt
4/13/12 (USA) Barclays Bank, US wealth unit COO Ian Lowitt to depart
http://goo.gl/4vnDm
4/15/12 (JAPAN) Japan Bank for International Cooperation, Hiroshi Okuda, governor of the Japan Bank for International Cooperation, has stepped down as an adviser to Toyota Motor Corp after becoming the bank's head as of April 1. Okuda no longer holds a position at the major automaker after the government-owned bank said it was undesirable for Okuda to keep titles at a private company while serving as the bank's head.
http://goo.gl/4WufA

█▓▒░ End of list as of 4/14/12 ░▒▓█
Addendum:
It is not known under what circumstances these individuals have left their positions, I make no judgement on that. I find the timing of so many resignations extremely curious and a temporal marker in history of high significance. No one should assume I make any judgement about the character of these people. I frankly don't know their reputations except for a few rather famous ones.
This list includes Banks, Investment Houses, Sovereign Wealth Funds, Equity Funds, Savings Retirement Funds and other shadow banking organizations. The line is very blurry between these entities, some are owned by banks some are banks, some invest in banks as well as owning entire industries (common in Hong Kong and Japan).

Sabrina

15th April 2012, 20:19

http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=8197

Former U.S. Officials Investigated for Receiving Payments to Promote a Designated Terror Group
Jeremiah Goulka, former RAND expert on the Mujahedin-e Khalq, says war hawks from Bush admin. and some Democrats were paid by the group to advance its interests in DC and are being investigated by US Treasuery

Sabrina

15th April 2012, 20:31

http://divinecosmos.com/start-here/davids-blog/1047-liens
15 april
MAJOR EVENT: Liens Filed Against All 12 Federal Reserve Banks

Posted elsewhere, but worth including here as this is part of the jigsaw puzzle of the story of the resignations IMO.... increasingly fascinating times! And thanks to Wilcock for painstakingly backing his info. up.

Sabrina

15th April 2012, 20:43

http://www.abc.net.au/pm/content/2012/s3477147.htm

13 April
MARK COLVIN: In Senator Brown's home state of Tasmania, the news that he's resigning has been met with surprise. There's feverish speculation about who will replace the long term Senator.

Sabrina

15th April 2012, 21:02

http://the2012scenario.com/2012/04/possible-scenario-for-mass-arrests/#more-112450

Possible Scenario For Mass Arrests
Steve Beckow

15 April

David’s article on the mass arrests contains some information we should all be aware of. Here are a couple of excerpts on what to expect when the arrests begin.
From David Wilcock, “Major Event: Liens Filed Against all 12 Federal Reserve Banks,” Divine Cosmos, April 13, 2012
http://divinecosmos.com/start-here/davids-blog/1047-liens
AN INCREDIBLE AMOUNT OF DAMNING EVIDENCE
Particularly since 9/11, an incredible amount of damning evidence has been quietly collected — all for use in this single moment of Truth.
This evidence includes extensive video proof of how they talk, what they do and what they have planned — in countless, allegedly secure locations.
Bohemian Grove is only one of many locations that have been thoroughly compromised by hidden surveillance.

Yes, it will be shocking. Very shocking. It will also be undeniable. This evidence has been rigorously collected since 9/11, and distilled down to its most powerful core elements.
There is so much evidence that any attempt to “debunk” it, or say it is the work of CG animation, et cetera, will completely fall apart.
All international air travel and all domestic borders will be closed, to prevent the conspirators from fleeing. Those who have already gone into hiding, internationally, will be located and brought to justice.
There will NOT be a mass power outage unless the negative groups try to do this. The lights will stay on and everyone should be OK during this process.

THERE WILL BE SOME DISRUPTIONS — AS WELL AS AN AVALANCHE OF TRUTH
There may be local disruptions of Internet service and international phone calls for the initial three-day period. This is by necessity, to avoid trillions of dollars flying out of the economy and collapsing the nation — as began occurring in the 2008 crash.
Had this massive hemorrhage not been quickly stopped in 2008, the economy could have been destroyed beyond any hope of repair.
Any outages of these critical services will be turned back on as soon as possible — in no more than three days’ time.
For the first five days after the arrests occur, every television station will have wall-to-wall coverage of information that makes our finest civilian investigations pale by comparison — and leaves no margin of doubt.
Scores of DVDs’ worth of documentaries — some narrated by instantly-recognizable public figures — will be airing, revealing the truth, with as much sensitivity as possible — while also not pulling any punches.
I have been told that the most disturbing content will not be made available to minors. Anyone will be able to review it, but they will need to do so under supervision, such as via Skype.
Enough information will be released to make people aware of the exact nature of this disturbing content, however.

Sabrina

15th April 2012, 21:06

http://kauilapele.wordpress.com/

Update by David Wilcock to “Liens Filed Against All 12 Federal Reserve Banks” article
Posted on April 15, 2012
David’s “Liens Filed Against All 12 Federal Reserve Banks” article has had an update added. It addresses a website that was “taken down” yesterday (Disclose.tv).

—————————————————————————

UPDATE NEXT DAY, APRIL 14: HOAX [by David]

Hackers invaded Disclose.tv and posted something that appeared, at first blush, to be a government notice. It was a hoax. The agencies and provisions named in the notice do not exist.

This may have been a deliberate move by insiders to provoke more fear, while also having it then appear to be the work of simple hoaxers.

In my grief I felt overwhelmed by the idea that sites were starting to be attacked and shut down. I should have done more fact checking on this but in my emotional state I screwed up. I apologize.

We have reached a critical moment where historic events are happening, and will happen. This is actually a very exciting time.

Let’s band together and all do our parts to insure that peace will come to this planet. Please help spread the word and insure that the truth cannot be smothered.

Sabrina

15th April 2012, 21:09

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9205858/Barclays-rocked-by-fresh-row-over-tax.html
15 April

Barclays rocked by fresh row over tax
Barclays has admitted that it will subsidise chief executive Bob Diamond's tax bill to the tune of £600,000 a year ahead of launching a charm offensive this week to placate investors angered by excessive pay.

The board of the UK bank will promise during a series of meetings with institutional investors this week to consult them in future before rubber stamping large, one-off payments to top directors.
Barclays faced a backlash following the publication of its annual report last month, in which it was revealed that the bank paid a £5.7m "tax equalisation" payment to cover Mr Diamond's tax bill after he became group chief executive on January 1 2011.
The bank insisted the sum was a one-off payment to meet a capital gains bill triggered by Mr Diamond's relocation from New York to London to do the job.
However, sources have admitted it will continue to provide support in future years to cover taxes charged on the chief executive's income. This yearly charge is estimated at about £600,000.
Mr Diamond, an American citizen, is entitled to compensation from his employer if he is charged tax twice – as he was last year by Britain and New York State.

ThePythonicCow

16th April 2012, 02:54

The latest list up until 15 April. Am posting it in a series of posts because of the length. Sab.

Incredible :).

Sabrina

16th April 2012, 20:20

http://www.youtube.com/watch?v=PO1Tct2ZpIs&feature=g-u-u&context=G2260a69FUAAAAAAABAA

Mass Resignations Canadian Judges

Published on Apr 13, 2012 by traitorsbeware
Mass Judicial Resignations in Canada Linked to Water War Crimes Corruption

¤=[Post Update]=¤

http://asiangypsy.blogspot.com.au/2012/04/former-president-nenkhbayar-arrested.html?m=1

Friday, April 13, 2012 Mongolia
Former President N.Enkhbayar arrested

After a long night of stand-off between the police and his supporters, the former president N.Enkhbayar was arrested this morning at 6am. News reports and eye witness accounts point to the use of excessive force by the police during the arrest, including smashing the former president's car window and forcefully dragging him out of his car. According to news reports, he is now under investigation by the Anti-Corruption Authority, and has been transported to a detention center in Tuv aimag.

The MPRP members and supporters showed up to protest against the arrest, and are planning to organize a demonstration on the Sukhbaatar square this afternoon.

The defendant's lawyer O.Baasankhuu gave a press statement on the charges being filed against Mr.Enkhbayar N, which include misappropriation of television equipment donated from overseas to found TV9 in 2000, and corruption charges, tax evasion charges related to the importation of books written by Mr.Enkhbayar and activities of a private company allegedly owned by the former president's son. A bizarre collection of vague allegations that are, at best, confusing. It comes across as an arrest-first, charge-later case, as the folks at the Anti Corruption Authority try to come up with more solid allegations that are not a decade old.

Sabrina

16th April 2012, 20:29

http://www.guardian.co.uk/media/2012/apr/16/phone-hacking-arrested-journalists?fb=native
6 April UK

Phone hacking: Met extends bail of former NI journalists
Majority of ex-News of the World staff members, including Andy Coulson, have bail extended to late April or May

All but three of the former News International journalists who have been arrested in connection with phone hacking at the News of the World have had their bail extended, Scotland Yard has confirmed.

Most of the journalists and former editors at the News of the World who were arrested, including David Cameron's former spin doctor Andy Coulson, were originally bailed until March but have had their bail extended to unspecified dates either in late April or May, a Metropolitan police spokesman confirmed.

Three of the 17 arrested in connection with Operation Weeting, the Met's phone-hacking inquiry, have been cleared and told they face no further action. This includes the paper's former US, editor James Desborough, who was released from bail on 27 March.

Coulson, the former editor of the News of the World arrested last July, has been rebailed until May. He was arrested in connection with Weeting and Operation Elveden, Scotland Yard's investigation into allegations of payments to police and other public servants for stories.

He has denied wrongdoing, but resigned from his post as head of communications at No 10 Downing Street in January last year, as the wave of allegations of phone hacking intensified.

The former News International chief executive, Rebekah Brooks, has also had her bail extended. She was first arrested last July under Weeting and Elveden as part of the scandal that rocked the establishment and forced Cameron into launching a public inquiry into press ethics.

Brooks, a former News of the World and Sun editor and close confidante of Rupert Murdoch, was arrested for a second time on 13 March this year on suspicion of perverting the course of justice and has been rebailed until the end of April in connection with this.

Police made their first arrest under Operation Weeting in April 2011. Those arrested face three options when a bail date expires – they can be rebailed, charged, or cleared.

So far 45 people have been arrested in connection with the three police investigations into allegations of criminality in the press – Operations Weeting, Elveden and Tuleta, the probe into computer hacking.

So far no one has been charged

Sabrina

16th April 2012, 20:48

http://kauilapele.wordpress.com/2012/04/16/benjamin-fulford-4-17-12-it-is-time-to-take-the-ring-of-power-to-mount-doom/

Ben's take on it all:

Benjamin Fulford 4-17-12…”It is time to take the ring of power to mount doom”

It is time to take the ring of power to mount doom
by Benjamin Fulford, April 17, 2012

The battle for control of the global financial system and thus the future of the planet has reached a temporary deadlock as the committee of 300 struggles to maintain power even as the rest of the world continues to push for a fair, free and open financial system controlled by the people of the planet. The situation has reached the point where physical action against the committee (mainly in the form of mass arrests) has become the only possible recourse.

One problem, of course, lies in the issue of what to do about the “ring of power,” or the job hitherto referred to as M1, wherein a single individual has ultimate control over the creation and distribution of money. There is no M1 now according to the Swiss government and other sources. Somebody needs to make sure that never again is single individual given such power and that means metaphorically taking the centralized control of finance and dissolving it in the “Mt. Doom,” of the Lord of the Rings to ensure that humanity is once again free from debt slavery and horror.

There were many meetings world-wide last week aimed at accomplishing exactly this.

In Japan a representative of the White Dragon Society met with top Finance Ministry official Eijiro Katsu and Bank of Japan Governor Masaaki Shirakawa last Thursday to discuss what to do about the astronomical sums placed inside Federal Reserve Board and Euroclear computers by competing factions.

The answer they gave is that Japan wants to go ahead and start using the funds for the benefit of the planet but that the Japanese authorities needed to proceed cautiously. Translation: They want to make sure they are on the winning side and will keep a low profile until then.

The committee of 300 tried to cash $600 trillion worth of bonds, through Dr. Zvonko Berdik-Albert, “President and CEO of the World Economy & Finance Treasury.” They claimed to represent the Dragon Family Royal Society composed of Asian royal families but as reported last week it turns out to have been an attempt by the committee of 300 to pretend they represented Asia. However, their representative has since ceased all contact with either the White Dragon Society or the Japanese government.

In a different move, Neil Keenan and Keith Scott issued a cease and desist against UBS Chairman Kaspar Villiger and a Singaporean agent by the name of Alex Ling Lee Soon who were caught trying to get their hand on the real dragon family’s funds. Shortly after that UK Prime Minister David Cameron also tried to get his hands on the money but was rebuffed. Keenan and Scott are working on behalf of a Swiss led 134 nation alliance.

In the meantime, the situation in Cabal controlled economies is getting progressively worse by the day. For example, markets in Europe were rattled last week despite feel good talk by various cabal controlled leaders like Nicholas Sarkozy and Angela Merkel. The real situation in Europe is as follows* The Greek Government has unfunded liabilities worth 800% of their GDP and their economy shrank by 5% last year. The unemployment rate in Spain is 23% while the youth unemployment rate is 50%. The Portuguese economy is expected to shrink by 5% this year. Italy’s debt is 2.7 times that of the PIIGS (Portugal, Ireland, Italy, Greece and Spain). Their chief creditor, the German banking system, meanwhile, is leveraged at 32/1.

Put in simple terms, the European cabal controlled banking system is bankrupt. What this means is that the European people are about to be freed from debt slavery.

In the US as well, institutions like Goldman Sachs, J.P. Morgan etc. are already shadows of their former selves with their CEOs constantly surrounded by lawyers and armed guards.

There were also reports from three different sources from three separate intelligence agencies (MI6, CIA and NSA) that the Bushes, Clintons and other cabal leaders had prepared a hideaway in the Bahamas. A look with Google Earth did reveal two separate locations with air-strips located next to a group of ultra-rich people’s type housing complexes. One of the Islands had a giant Star of David on it clearly visible from a satellite.

However, sources in the Pentagon make it clear the cabalists will not be allowed to leave the United States until they have faced the justice system. These same sources say 800 bankers have already resigned and many arrests have already taken place.

In China as well, there are signs of major change. As noted before, all the top leaders such as Xi Xinping who were supposed to take over the government this year have vanished from the pages of the official Xinhua government news site in April. Clearly some sort of coup d’etat can now be confirmed to have taken place there even though the Western corporate news corps is still only focused on Bo Xilai. The Bo investigation has definitely gone far beyond him.

In Japan too, the yakuza and right wing forces allied with the White Dragon Society are getting impatient and are making plans to detain key cabal operatives for questioning. Major historical changes are becoming increasingly obvious.

Sabrina

16th April 2012, 20:51

http://www.telegraph.co.uk/finance/globalbusiness/9207686/Jim-Yong-Kim-chosen-to-lead-World-Bank.html
16 April
Jim Yong Kim chosen to lead World Bank
The World Bank chose Korean-American physician Jim Yong Kim as its next chief Monday in a decision that surprised few despite the first-ever challenge to the US lock on the Bank's presidency.

The Bank's directors chose Kim, a 52-year-old US health expert and educator, over Nigerian Finance Minister Ngozi Okonjo-Iweala, who had argued that the huge lender needs reorientation under someone from the developing world.
Kim, 52 and currently president of the Ivy League university Dartmouth, will replace outgoing President Robert Zoellick, the former US diplomat who is departing in June at the end of his five-year term.
The Bank's directors expressed "deep appreciation" to Kim, Okonjo-Iweala and a third candidate, Colombian economist Jose Antonio Ocampo, who pulled out of the race on Friday.
"Their candidacies enriched the discussion of the role of the president and of the World Bank Group's future direction," the Bank said in a statement.
"The final nominees received support from different member countries, which reflected the high caliber of the candidates."

Christine Lagarde, managing director of the International Monetary Fund, said: “I would like to congratulate Jim Yong Kim for his appointment as President of the World Bank Group. He brings an impressive record of experience, commitment, and leadership on development issues to the Bank. I very much look forward to working with him and in further advancing the strong collaboration between our institutions.”
There had been little doubt about the choice of Kim, even as he breaks the pattern of American bankers and diplomats being named to lead the huge development bank.
By a longstanding pact Washington has chosen the head of the World Bank, while Europe has held control of who leads its sister institution, the International Monetary Fund.

Sabrina

16th April 2012, 20:56

http://www.telegraph.co.uk/finance/financial-crime/9207633/BTG-Pactual-chief-Andre-Esteves-fined-350000-for-insider-dealing.html
16 April

BTG Pactual chief Andre Esteves fined €350,000 for 'insider dealing'
Andre Esteves, the billionaire chief executive of Brazilian investment bank BTG Pactual, has been fined €350,000 (£288,250) by Italian regulators for alleged insider dealing.

The action against Mr Esteves, who could see his stake in Pactual valued at up to $3.5bn when it floats later this month, was revealed in the prospectus for the bank's initial public offering.

The revelation will muddy the waters for a float that is also set to land huge payouts for UK investment bankers Roger Jenkins and Huw Jenkins. Both men stand to make more than £100m when the bank lists later this month. There is no suggestion either are involved in the investigation.
The listing documentation for Pactual stated Mr Esteves was the "subject of an ongoing civil, non-criminal investigation in Europe in connection with certain trades in the securities of a European market issuer made by him in his personal capacity in 2007". Since the statement was put out Mr Esteves has been fined. He plans to appeal the action.

The investigation dates back to when Mr Esteves was employed by UBS. He worked for the Swiss bank after it acquired Pactual for $3.1bn (£2bn) in May 2006. Three years later Mr Esteves bought the bank from UBS for $2.5bn.
Pactual dismissed the investigation as "without merit". It stated in its listing documentation: "Our controlling shareholder is vigorously defending himself against the allegations in this proceeding."

¤=[Post Update]=¤

http://www.bbc.co.uk/news/world-asia-17731121

16 April

Bangladesh rail minister resigns in corruption scandal

Bangladesh Railways Minister Suranjit Sengupta has announced his resignation following allegations that he took cash bribes from applicants seeking jobs on the state-run railway.

Mr Sengupta is being investigated for corruption after his personal secretary and two railway officials were found with $86,000 (£54,000) in a minibus.

He denied the money was from applicants seeking jobs on the railway.

Sabrina

16th April 2012, 21:08

more from the mining world

04/16/2012 | 02:24am
16 April 2012

Condor Blanco Mines Ltd : Director Appointment/Resignation

Appointment of New Non-Executive Chairman Director Resignations ASX Release Stock Code: CDB Executive Summary
• Nicholas Clark appointed as Non-Executive Chairman: As a qualified lawyer with an excellent banking and marketing background Mr Clark adds deep governance experience and a strong global network that includes North America.

• Pierre Richard and Lia Darby depart as directors: Non-Executive Directors, Dr Richard and Ms

Darby have resigned having made strong contributions in establishing the Company.

Sabrina

16th April 2012, 21:12

http://www.ceskapozice.cz/en/news/politics-policy/public-affairs-deputy-head-resigns-party-disarray

Public Affairs deputy head resigns, party in disarray
Tomáš Jarolím announces resignation as deputy chairman of Public Affairs after taking the blame and apologizing for sparking the latest coalition crisis

Czech Republic

Sabrina

16th April 2012, 21:17

http://www.3aw.com.au/blogs/breaking-news-blog/greens-bob-brown-resigns-as-leader/20120413-1wxpx.html

13 April Australia

Bob Brown has resigned as the Leader of the Australian Greens Parliamentary Party after 16-years of service.

The surprise announcement came this morning with Brown informing his colleagues in a committee meeting that he will retire from the senate in late June.

"I am sad to leave but happy to go. It is good knowing that the Greens have such a depth of talent and experience lined up for leadership - I could only dream about that a decade ago," Senator Brown said in a statement.

Sabrina

16th April 2012, 21:30

http://www.huffingtonpost.co.uk/2012/04/16/britains-biggest-banks-lose-2bn-over-spain-fears_n_1428073.html?ref=uk

16 April

Britain's Biggest Banks Lose £2bn In Market Value Over Spanish Fears

Britain's biggest banks lost £2bn from their combined market value today as fears over Spain's creaking finances saw investors dump financial stocks.

Lloyds Banking Group lost nearly 5% of its value, while Royal Bank of Scotland shed nearly 4% and Barclays fell by more than 1%. HSBC also dipped into the red.

Traders were troubled by developments in Spain, where the Government's implied cost of borrowing is creeping higher towards unsustainable levels amid fears the struggling country will require a bailout from the European Union and its partners.

Banks also fell out of favour after equity analysts at JP Morgan Cazenove downgraded the sector amid concerns over the impact rising funding costs will have on profits.

Rupert Osbourne, futures dealer at IG Index, said: "Spain remains very much front and centre for global markets, as its borrowing costs remain near what many would consider unsustainable levels.

"If there is one thing that we have learnt from the past couple of years of European debt, it is that these problems tend not to be resolved quickly and painlessly - and it does set the stage for potentially more volatility in the weeks ahead."

The yield on Spain's 10-year government bonds hit 6.1%, moving closer to the 7% which forced Greece, Ireland and Portugal to seek financial help from the EU. The rate is at its highest level since the new conservative government took office in December.

Sabrina

16th April 2012, 21:36

http://www.nytimes.com/2012/04/17/world/asia/fund-transfer-cited-in-inquiry-on-death-of-briton-in-china.html?_r=1&ref=global-home

Fund transfer cited in inquiry on death of Briton in China.

Sabrina

16th April 2012, 21:42

http://dealbook.nytimes.com/2012/04/16/supreme-court-rejects-former-enron-chiefs-latest-appeal/?ref=global
16 April
Supreme Court Rejects Former Enron Chief’s Latest Appeal

The Supreme Court on Monday declined to hear the latest appeal by Jeffrey Skilling, the former chief executive of Enron serving a 24-year sentence in a federal prison for his role in the energy company’s collapse.

Without comment, the justices refused to grant Mr. Skilling’s challenge to a federal appeals court ruling that any error committed by the trial judge was “harmless.” The appeals court said that the jury was presented with “overwhelming evidence that Skilling conspired to commit securities fraud.”

Mr. Skilling and his colleague Kenneth L. Lay were convicted in 2006 of orchestrating the extensive accounting fraud that led to the energy company’s collapse. Mr. Lay died weeks after the trial ended.

Sabrina

16th April 2012, 22:14

http://www.bbc.co.uk/news/world-africa-17728357
16 April
UK aid funded firms 'linked to Nigeria fraudster Ibori'
By Peter Marshall
BBC Newsnight

Britain's Department for International Development is accused of allowing tens of millions of pounds in UK aid to be invested in Nigerian money laundering fronts, BBC Newsnight has learned.

An equity fund backed by DfID-owned subsidiary CDC Group is being investigated by Nigerian officials.

The accusation is that the private fund invested in companies linked to convicted money-launderer James Ibori.

DfID says CDC carries out thorough checks before investing in funds.

Ibori, a former governor of Nigeria's oil-rich Delta States, who looted millions from state coffers, is due to be sentenced by a UK court having pleaded guilty to 10 counts of money-laundering and conspiracy to defraud.

As his trial at London's Southwark Crown Court was about to begin in February 2012, Mr Ibori changed his plea to guilty and admitted stealing money from Delta State and laundering it in London through a number of offshore companies.

DfID spent £5m investigating the case, the world's biggest money-laundering scam ever brought to justice, and Ibori's network - which spanned four continents.

Ibori had secret accounts and companies in London, Switzerland, Luxembourg, Mauritius, Polynesia, Panama, the Marshall Islands and South Africa.

Whistleblower revealed
But it is the alleged front companies in Nigeria which have cast a shadow over British aid.

CDC Group, the private enterprise arm of DfID, is said to have put $47.5m (£29.9m) into a private equity fund which invested in Nigerian companies allegedly linked to Ibori.

CDC is overseen by the development secretary, Andrew Mitchell.

In January, Mr Mitchell issued an unreserved apology to an Anglo-Nigerian whistleblower after Newsnight revealed DfID had betrayed his identity to the people he was accusing.

Dotun Oloko had warned DfID about potential problems with CDC investments. The department passed a document containing Mr Oloko's name to the private equity firm he had accused of investing in potential corruption.

He then became the target of private investigators hired by the firm who followed his children to school and looked into his personal and business affairs in the UK and Nigeria.

Mr Oloko told Newsnight he is delighted the Nigerian anti-corruption squad is now examining the issue.

He also pointed to the fact that Britain's development agency now stands accused of investing in the very corruption it has spent years helping to investigate.

"That's the incredible paradox. The same people who've funded the prosecution are the people who've funded the activities which are now being investigated," he said.

DfID issued the following statement in response to Newsnight's report:

"These specific allegations date back to 2009 under the last Labour government and were investigated by CDC at the time and subsequently passed on to the Met Police and the Serious Fraud Office.

"CDC always carries out full and thorough checks before investing in a fund manager and the subsequent investigation gives no indication that British funding has been misused in this case."

Sabrina

16th April 2012, 22:37

A good update on it all as Scott Mowry sees it:

http://miraclesandinspiration.com/news_epic-paradigm-shift.html

Epic Paradigm Shift Poised to Unfold Within US and World Imminently

Are militaries around the world preparing for final take down of New World Order cabal?

foreverfan

17th April 2012, 02:27

594 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS (http://americankabuki.blogspot.com/p/131-resignations-from-world-banks.html)

"Some big names on Wall Street are eager to step out of the spotlight after enduring years of financial-crisis turbulence and negative attention from politicians and protesters, said Peter Ressler, the chief executive of RMG Search."

modwiz

17th April 2012, 03:04

Sabrina

17th April 2012, 22:06

http://www.reuters.com/article/2012/04/17/us-bankofamerica-wealth-idUSBRE83G0YP20120417

Exclusive: Bank of America puts non-U.S. wealth arm up for sale

ZURICH/LONDON | Tue Apr 17, 2012 1:58pm EDT
(Reuters) - Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.

Bank of America is the world's largest wealth manager, but its non-U.S. arm -- which two of the sources said manages some $90 billion for rich clients -- is not large enough to generate enough money for the bank.

"There is a lot of soul-searching going on by a lot of players as to what to do with their non-U.S. private banking operations," said a fourth person, an investment banker who has knowledge of the financial sector.

Bank of America declined to comment.

The second-largest bank has lagged peers in recovering from the financial crisis, largely because of huge losses and lawsuits tied to its 2008 acquisition of subprime mortgage lender Countrywide Financial.

Bank of America's non-U.S. private banking business targets so-called "mass affluent" clients whose wealth is measured in hundreds of thousands of dollars, rather than super-rich private banking clients worth tens of millions.

But outside the U.S. it has never been able to build up the business to match the scale of its home market, meaning it is far less profitable.

Across the world, it manages close to $2 trillion of client assets, according to an annual benchmark study issued by consultancy firm Scorpio Partnership.

For a ranking of the world's largest wealth managers, click on r.reuters.com/ben62s

Sabrina

17th April 2012, 22:10

http://www.arabianaerospace.aero/ceo-of-royal-jordanian-resigns.html

in General Aviation
CEO of Royal Jordanian resigns
Posted 17 April 2012 ·

Royal Jordanian CEO Hussein Dabbas resigned from his position with the national carrier on Tuesday, reports The Jordan Times.

Dabbas said: “It’s was time for a change in the country’s national carrier.”

His resignation will go into effect from June 1.

A new CEO is yet to be announced.

Sabrina

17th April 2012, 22:16

SAND Technology Announces Resignation of Daniel Benn
MONTREAL, April 17, 2012 /CNW/ - SAND Technology Inc. (OTCBB: SNDTF) today announced the resignation of Daniel Benn from his position as Director of the Company, effective immediately. Mr. Benn cited personal reasons for leaving the Board of SAND Technology.

SAND is the world's most advanced analytic database, managing massive amounts of big data, driving unparalleled performance, and deploying information to tens of thousands of concurrent users across the enterprise.

Sabrina

17th April 2012, 22:24

http://www.independent.co.uk/news/uk/crime/police-blogger-to-sue-the-times-over-hacked-emails-7644015.html
17 April UK

Police blogger to sue The Times over hacked emails
'Night Jack' detective takes action following editor's evidence to Leveson Inquiry

The blogging police detective whose identity was exposed after a journalist from The Times hacked into his email account is suing Times Newspapers for damages.

Richard Horton, a Lancashire detective constable and author of the blog Night Jack – an English Detective, is seeking aggravated and exemplary damages for breach of confidence, misuse of private information and deceit. He is being represented by Taylor Hampton, the legal firm which has represented many victims in phone-hacking claims against Rupert Murdoch's News International.

Sabrina

17th April 2012, 22:30

http://www.huffingtonpost.com/2012/04/16/federal-reserve-officials-privileged-information-financial-crisis_n_1428957.html?
16 April

Federal Reserve Officials Leave For Wall Street With Privileged Info

WASHINGTON -- The Federal Reserve may be making an effort to open up some of its famously opaque decision making, but the newfound interest in transparency doesn't extend to sharing records of meetings that happened years ago.

The Huffington Post and MSNBC's "Dylan Ratigan Show" filed Freedom of Information Act requests in January to obtain the minutes of Federal Open Market Committee meetings from 2007 to 2010. That month, the Fed had released the 2006 minutes of the confidential committee, which essentially sets national monetary policy.

In response, the bank provided 513 pages of mostly blacked-out paper and cited policy to justify withholding the information. "[T]he Committee has a long-standing policy of routinely releasing full transcripts on a five-year schedule. Each year's transcripts will be made public in their entirety according to that schedule," the bank offered by way of explanation.

By withholding the 2007 and 2008 minutes, the Fed is able to keep secret certain information on how it decided to respond to the financial crisis until after the presidential election, hampering what could be a serious debate between the two parties on its response.

During the financial crisis, Mitt Romney was broadly supportive of the federal response, with the exception of the bailout of the auto industry. He has since spoken much more skeptically of the Wall Street bailout. Barack Obama, as a candidate and then as president, spoke favorably of the federal intervention as unfortunate but necessary. On Friday, his Treasury Department released a full-throated defense of its activity.

How the Fed made its decisions, however, will be kept hidden until the bank releases the transcripts year by year.

"The Federal Reserve has been looking for ways to increase its transparency now for many years, and we've made a lot of progress," Fed Chairman Ben Bernanke said in April 2011, as he embarked on a series of lectures aimed at defending the Fed. "We have become, I think, a very -- a very transparent central bank."

full story at link and

http://www.dylanratigan.com/2012/04/16/fed-docs-and-the-revolving-door/

16 April

Fed Doc’s and The Revolving Door
April 16, 2012
Months after requesting the transcripts detailing what happened inside the Fed during the financial crisis, the Dylan Ratigan Show reveals the information they received, and discuss their findings with the Huffington Post’s Ryan Grim and Delaware Attorney General Beau Biden. Check out Ryan Grim’s article on The Huffington Post: Fed Officials With Privileged Info Head to Wall Street.

full story at link

Sabrina

17th April 2012, 22:40

http://americankabuki.blogspot.co.uk/

American Kabuki has some interesting bankers' resignations graphs on his site 14 April... I can't cut and paste, but bet there's a non banker Avalonian who can....

Sabrina

17th April 2012, 22:47

Surabaya Police arrest banker over ‘embezzlement’

The Jakarta Post, Jakarta | Mon, 04/16/2012
|
Surabaya Police arrested a senior employee at Bank Mayapada in Surabaya, East Java, suspected of swindling more than Rp 19 billion (US$2.07 million) of customers’ funds.

The man, Daniel Cristinus Gunawan, 32, was the head of treasury at Bank Mayapada Srijaya branch.

Surabaya Police general crime unit chief Adj. Comr. Yunus Saputra alleged that Daniel had swindled six priority customers.
“All of the customers have deposits worth billions of rupiah,” Yunus said, as quoted by tribunnews.com on Monday.

aranuk

17th April 2012, 22:54

Again many thanks Sabrina for all the work you do. I really do appreciate your efforts.

Stan

Mozart

17th April 2012, 23:45

Again many thanks Sabrina for all the work you do. I really do appreciate your efforts.

Stan

Ditto for me, Stan.

:hail: Sabrina

Daozen

18th April 2012, 01:47

American Kabuki has some interesting bankers' resignations graphs on his site 14 April... I can't cut and paste, but bet there's a non banker Avalonian who can....

http://1.bp.blogspot.com/-ndlU0VChvUM/T42wkqMIr4I/AAAAAAAACFI/rBorKQiqfrQ/s1600/12-04-14-Bankers-resignations-by-week.png

http://4.bp.blogspot.com/-zz4jQgxooSQ/T42wqqI8IeI/AAAAAAAACFQ/lqCKx91B9VA/s1600/12-04-14-Bankers-Resignations-cumulative.png

http://3.bp.blogspot.com/-lq0EwIys4KU/T42wwcfDojI/AAAAAAAACFY/Jyxj1tZb4cI/s1600/12-04-14,-Banker-Resignations-by-Region.png

Sabrina

18th April 2012, 18:23

Interesting one this - are politicians being held accountable!!

http://www.independent.co.uk/news/uk/politics/jack-straw-faces-legal-action-over-allegations-he-personally-approved-rendition-of-abdel-hakim-belhadj-7656906.html
18 April UK

Jack Straw faces legal action over allegations he personally approved rendition of Abdel Hakim Belhadj

Jack Straw, the former Foreign Secretary, faces a court cross-examination over allegations he personally approved the rendition of a Libyan military commander.

Lawyers representing Abdel Hakim Belhadj took the dramatic step of serving legal papers on the senior Labour MP following claims he gave the go-ahead to the illegal operation.

Mr Belhadj claims Britain was complicit in his seizure by the US and return to Libya, where he was jailed and tortured by the Gaddafi regime for six years.

Mr Straw has always appeared to deny approving or even knowing about the rendition – a denial recently echoed by Tony Blair.

However, fresh claims have surfaced that he authorised the operation.

The Independent has been told that he was approached recently by Foreign Office lawyers and shown evidence apparently contradicting his public statements.

Mr Belhadj’s lawyers, who are also representing another Libyan man, Sami Al Sadadi, have called for the former Foreign Secretary to produce all the paperwork relating to the case, as well as his diaries and notes over the relevant period.

The Metropolitan Police are already examining allegations of rendition. The Libyans’ lawyers, Leigh Day and Co, say the recent claims of Mr Straw’s alleged complicity in the rendition could lead to a criminal prosecution.

Mr Straw, the MP for Blackburn, has denied approving any unlawful rendition operations, or having any knowledge of them. Last autumn he said it had always been the position of Foreign Secretaries that they were opposed to unlawful rendition, were “not complicit in it” and did not “turn a blind eye to it”.

He said yesterday: “I am sorry that I can’t say more about this case, but with a police investigation pending and this intended civil legal action, I am sorry that it is not appropriate for me to say any more about it.”

The lawyers said Mr Belhadj was claiming damages personally from the former Foreign Secretary in recompense for the “trauma involved”. But they stressed his main aim was to seek an apology for the events and for the truth to emerge.

Sapna Malik, a partner at Leigh Day & Co, said: "We have said all along that liability must follow the chain of command.

“These latest revelations bring us closer to that goal. If the former foreign secretary does not now own up to his role in this extraordinary affair, he will need to face the prospect of trying to defend his position in court.”

Cori Crider, legal director of Reprieve, said: "At last it seems we know who signed off Britain's involvement in rendition to torture.

“Jack Straw must come clean with Mr Belhadj, Mr al Saadi and their families. They deserve an apology for the appalling way they were treated.”

Amnesty International's Europe and Central Asia director John Dalhuisen said: "This latest announcement of legal action by a rendition victim could be an important step towards accountability through the civil courts."

He added this was "an ongoing reminder of the failure by UK authorities to establish a human rights-compliant inquiry into these and wider allegations of UK involvement in torture and other human rights violations, in Libya and elsewhere.”

A Downing Street spokeswoman said: "The Government's position on torture is well-known. We stand firmly against it and any cruel, inhuman or degrading treatment or punishment. We do not condone that and we do not ask others to do it on our behalf.

"We take the allegations very seriously. What is important now is to ensure a fair trial and civil proceedings when people accuse the Government of mistreatment and seek compensation.”

Sabrina

18th April 2012, 18:29

http://www.telegraph.co.uk/news/uknews/phone-hacking/9211679/Phone-hacking-files-on-journalists-and-police-officer-sent-to-CPS.html
18 April UK

Phone hacking: files on journalists and police officer sent to CPS
The first criminal charges since the full extent of the phone hacking scandal was exposed last year, moved a step closer today when detectives passed four files to prosecutors for consideration.

The allegations relate to four journalists, one police officer and six other individuals and cover a range of alleged offences.

While the Crown Prosecution Service (CPS) refused to reveal the identities of those in the files, it is believed the allegations under consideration relate, among others, to Guardian journalist Amelia Hill, former News International chief executive, Rebekah Brooks and former News of the World chief reporter Neville Thurlbeck.
Giving details of the development, Keir Starmer QC, the Director of Public Prosecutions, said the four files related to investigations being carried out by the Metropolitan Police – Operations Weeting, Elveden, Tuleta, Kilo and Sacha.

The four files include:
• One journalist and one police officer with relation to alleged offences of misconduct in public office and the Data Protection Act.

• One journalist and six other members of the public with relation to alleged offences of perverting the course of justice.
• One journalist with relation to alleged offences of witness intimidation and harassment.
• One journalist with relation to alleged offences under the Regulation of Investigatory Powers Act (RIPA).
A total of 43 people are currently on bail in connection with the various police operations, but Mr Starmer said not all of those in the files passed to the CPS had been arrested.

Miss Hill was questioned under caution in September last year over allegations that she was in receipt of leaked information from the phone hacking investigation. A police officer was also arrested in connection with the allegations.

Mrs Brooks was arrested for a second time last month along with her husband Charlie and four other people by officers investigating allegations of a cover up in the phone hacking inquiry.

Mr Thurlbeck was also arrested last month by police investigating claims that he posted information related to a member of the News Corporation’s Management and Standards Committee on his blog.

It remains unclear who the journalist is in the file connected to alleged breaches of RIPA.

The CPS will now consider the evidence collected by police before announcing whether to bring charges in any of the cases.

Mr Starmer refused to give a timescale for a charging decision but said: “We are now entering a period where we are likely to make a decision one way or another.”
Today’s announcement came as Britain's top prosecutor published guidelines setting out how journalists may have broken the law.

Mr Starmer said the new rules would help lawyers with the "very difficult decisions".
"The decisions we are going to make are going to be extremely difficult and extremely sensitive," he said.

"We have got to make a decision because these cases are coming. We cannot duck that.

Sabrina

18th April 2012, 18:37

http://the2012scenario.com/2012/04/as-mass-arrests-approach-repost-of-matthews-march-message/#more-113007

There's lots of different perspectives on this all. Here's a channeled (wow channeled!!) message from Matthew via Suzy Ward on arrests, sent out in March, for those interested in this. Drake seems to say similar in some parts.

wynderer

18th April 2012, 18:40

Sabrina

18th April 2012, 18:50

Huffington Post
18 April

Bank of England Governor Sir Mervyn King 'A Tyrant' Says Economist David Blanchflower

Bank of England Governor Sir Mervyn King has been branded a "tyrant" by a former member of the Bank's key interest rate-setting committee.

In an outspoken attack, economist David Blanchflower accused him of constantly looking to his own advantage and using "extreme and cruel tactics" in his running of the Bank.

In an article for the New Statesman magazine, he said that Sir Mervyn - who retires next year - had had been unprepared for both the financial crash of 2008 and the run on Northern Rock in 2007, despite "obvious signs" of trouble.

Professor Blanchflower, who served as an outside expert on the the Bank's Monetary Policy Committee (MPC) from 2006 to 2009, said it was essential now that Sir Mervyn's successor was not "tainted" by the financial crisis.

"It's never easy replacing a tyrant but there are huge benefits from doing so. The pain is usually worth it," he said.

"A tyrant looks to his own advantage rather than that of his subjects and uses extreme and cruel tactics - which pretty much sums up how I feel Mervyn King has run the Bank of England in his role as Governor since 2003."

Prof Blanchflower said Sir Mervyn had resolutely resisted any investigation of the Bank's performance during the financial crisis "presumably because of what it would uncover".

"King was unprepared for the crisis and, even as late as the summer of 2008, did not even see it coming," he said.

"For many months, even through 2008 and 2009, he kept expecting a wage explosion in the UK that was never going to happen.

"King was also unprepared for the bank run on Northern Rock in August 2007, even though there were obvious signs that banks that depended on wholesale money markets were in trouble."

Prof Blanchflower, who advocated a policy of aggressive interest rate cuts to revive the economy, said Sir Mervyn had made it clear to him that he was not his choice to serve on the MPC.

"One reliable source told me that people at the Bank were briefing against me. It was hard to find staff and I was always the outsider. This was nothing new," he said.

"I have never worked at a place that had such low morale."

He also accused Sir Mervyn of having "crossed the line" when he endorsed the coalition Government's austerity programme.

"The Governor of the Bank of England is responsible for monetary policy, not fiscal policy," he said.

Sabrina

18th April 2012, 18:59

i've just returned to the forum, & using a library computer do not have time to read all this very interesting thread's posts -- so i am probably repeating what others have posted --

i'm wondering if they are all cutting & running for their places in the underground cities/bases? using their insider info on when the big Earth changes will hit? or when the returning annunaki will get within firing distance?

I posted this under the Sir James of Blackheath/House of Lords thread, but it's been suggested that this merits a thread of its own. So here it is. Hope we can keep adding to it.

Must be a lot happening behind the scenes...

Resignations Global Banks ....

1 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/

2 Anz Bank CFO Australia resigns
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoil

3 Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html

4 Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/2012-02-20/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html

5 GERMAN PRESIDENT Christian Ruff resigns
http://www.dailymail.co.uk/news/article-2102524/German-President-Christian-Wulff-forced-resign.html

6 Royal Bank of Scotland Austrailin CEO Stephen Williams resigns
http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981

7 Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html

8 Slovenia TWO largest Banks CEO's (2) resign
http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html

9 Bank of India CEO Chaturvedi resigns
http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html

10 Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/

11 GOLDMAN SACHS CEO Blankenfein to resign (Nothing printed on this yet UNLESS this JUST happened. Last article said he is not stepping down in 2011). http://www.huffingtonpost.com/2011/05/06/lloyd-blankfein-goldman-s_n_858647.html?l

12 Kuwait central bank chief resigns amid political tensions
http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html

There's a lot already posted Wynderer, but I found the David Wilcock interview with Drake interesting on this (full transcript on his Divine Cosmos website). Just a few extracts here below. I don't believe they are all happily resigning to escape a perceived disaster. I believe they see the writing on the wall re: corruption being exposed and them being implicated in it all. Perhaps they are also being nudged out behind the scenes. I also don't believe we are facing a great disaster (unless we choose to jump on that timeline).

WIlcock/Drake extracts here:

http://divinecosmos.com/start-here/d...43-massarrests

This is a section from the transcript of the recent interview between David Wilcock and whistleblower Drake. There's an important point as to why high profile people are resigning now highlighted in red below. They no longer are protected.

MASS RESIGNATIONS

DK: It’s even actually worse than that. The onion that makes up what we’re talking about has basically four levels to it.

The outer level was notified, on the same day that our package landed in the International Court, that they were no longer under their protection.

Over a period of a few months there have been several thousand resignations, house arrests.

There have been tons of banks closed, or closed for a couple days and reopened. You name it.

This is not just bankers; this is also financiers, your exchange people, everything.

DW: Oh yeah! I cover it on my website. There’re 358 resignations [actually 450 at the time I did this interview] documented by somebody going under the anonymous name American Kabuki.

There’s a link for every single one of them -- and they’re all in chronological order.

This includes, on February 29th, the resignation of James Murdoch, Rupert Murdoch’s son, from the Executive Chairman position of News International Corporation, which is Fox.

DK: Yeah, that’s basically called a protection move.

It wasn’t a question of them protecting him as much as it was his own protection, because he didn’t have that much to do in terms of the illegalities that Dad pulled.

DW: Right.

DK: He’s just ... actually he’s not all that bad one way or the other, in comparison to some of them.

LET’S SEE IF WE’RE HEARING YOU CORRECTLY…

DW: But to get to the deeper grain of what you’re saying, if I’m hearing you correctly.

I’m getting that you had this package delivered to The Hague.

That was the critical moment in which those on the inside were aware that these mass arrests -- that have been planned ever since the five-inch document you saw in 1979 -- could actually move forward.

This could be done by the will of the civilians in terms of Common Law, going back to the Code of Hammurabi and 11,000-year-old documents.

DK: Exactly.

DW: Okay. Great.

DK: When they received it and it got past their agents who worked at The Hague, they knew that it had arrived because that person was made aware.

There was nothing they could do about it.

So consequently, their protection evaporated. This is like steam on a hot highway. The sun comes out, and poof -- it’s gone.

DW: [laughs]

DK: Okay. Well, there are thousands of resignations in Europe to date. Now in one week, and I’m talking last week, there were 450 resignations, retirements and this stuff -- and 200 arrests.

DW: That’s a staggering number.

DK: That’s 650 people involved in finance. Now, here’s the difference.

THEY HAVE SYSTEMATICALLY CONTROLLED THE MEDIA

DK: Those people under house arrest or who have been taken into custody, or who retired and are staying at home, are considered not very important, one way or the other -- they are primarily figureheads and not much more.

DW: Right.

DK: The difference is those who were arrested, those who are being arrested and those who are going to be arrested -- that’s the second layer of the onion, in other words...

DW: This is why we’re not seeing a lot of newspaper and website articles about this.

There’s no accountability of these people getting arrested in the outside world, because they don’t have a public position.

DK: Well, not only that, but the mainstream media’s controlled by them.

DW: Exactly.

DK: Therefore, you’re not going to hear this.

Sabrina

18th April 2012, 19:03

http://www.tunisia-live.net/2012/04/18/outgoing-adviser-to-president-marzouki-abdallah-kahlaoui-denies-he-has-been-appointed-ambassador-to-france/

The office of the Tunisian Presidency announced the resignation of Abdallah Kahlaoui, adviser to Tunisia President Moncef Marzouki in charge of diplomatic affairs, external relations, and international cooperation on Monday.

Sixty-two-year-old Kahlaoui cited his desire to spend time with his family and his health as reasons for his resignation. He denied that there was any truth to reports in the Tunisian media that he would be appointed as Tunisia’s Ambassador to France in Paris.

Sabrina

18th April 2012, 19:07

http://www.world-nuclear-news.org/C_Leadership_changes_for_WNA_1804121.html

Leadership changes for WNA
18 April 2012

The World Nuclear Association (WNA) has welcomed a new chairman and announced the resignation of its director general.

CEO and president of Cameco Tim Gitzel today began a two-year term as chairman of WNA, taking over from the president and COO of Exelon, Chris Crane, who moves into the vice-chair position.

Gitzel's first duty as chair was to open the World Nuclear Fuel Cycle conference, organised in Helsinki this year by WNA in partnership with the US trade body the Nuclear Energy Institute.

The opening session carried an announcement from WNA that its director general, John Ritch, would retire from the post this year.
Ritch has served as leader of the global nuclear industry group since 1 January 2001, building it from the foundations of the former Uranium Institute. Prior to this, Ritch had spent seven years as US Ambassador to UN organisations in Vienna, notably the International Atomic Energy Agency.

and

17 April 2012
The head of Korea Hydro and Nuclear Power (KHNP), Jong-shin Kim, has resigned in the wake of a safety-related incident at the Kori nuclear power plant and subsequent concerns over safety culture.

KHNP is the state-owned utility that operates 23 nuclear power reactors. The move by Kim was announced to journalists by the responsible minister, Sukwoo Hong, who added that the resignation is expected to be accepted by President Lee Myung-bak.

According to that expected schedule, Hong will now consider a range of candidates for Kim's replacement.

Sabrina

18th April 2012, 19:11

http://afr.com/p/markets/capital/top_ubs_investment_banker_resigns_zbd3ceMo7Ak8C91obsfYvN
18 April

Top UBS investment banker resigns

UBS's head of investment banking for the Americas, Aryeh Bourkoff, resigned to pursue other opportunities only 13 months after taking on the position, according to three sources familiar with the matter.

modwiz

18th April 2012, 19:33

Oh my ears and whiskers, this is all beginning to look like something is happening.

Sabrina

18th April 2012, 19:49

Sabrina

18th April 2012, 19:58

Oh my ears and whiskers, this is all beginning to look like something is happening.

Could be Modwiz. His reasons for leaving don't sound too convincing somehow....am waiting to start popping those champagne corks (if there's champagne in 5D)...

http://media2.efinancialnews.com/story/2012-04-18/aryhe-bourkoff-head-ibd-ubs-americas-eaves

Bourkoff leaves UBS Americas investment banking
MarketWatch
18 Apr 2012
UBS's head of investment banking for the Americas, Aryeh Bourkoff, has resigned from his position at the company, effectively immediately, according to an internal memorandum sent to employees.

In the memo, reviewed by Dow Jones Newswires, UBS Investment Bank co-chief executive Carsten Kengeter and Americas chief executive Robert McCann said Bourkoff "resigned from UBS in order to pursue other opportunities."

A person familiar with the matter said Bourkoff was leaving because he "wanted to be more entrepreneurial" and was "considering starting his own firm," though Bourkoff didn't give any indication of when such a move would occur.

Bourkoff, a 13-year veteran of UBS, was known primarily as a technology, media and telecommunications banker, but became head of the Americas banking division roughly a year ago.

In the memo, Kengeter and McCann named Steve Cummings as the interim head of investment banking for the Americas and said he will "directly lead all investment banking division teams in the Americas, and will work closely with his partners across the Group and the Americas executive committee to drive new advisory business activity." Cummings has served as chairman of the business for the past year.

In the Americas, UBS faced a wave of banker departures early in 2011 amid complaints over low compensation. Last autumn, the company itself revealed detailed plans to pare down its investment bank in the wake of an embarrassing trading scandal and said it would instead shift its primary focus to client and advisory businesses.

Sabrina

18th April 2012, 20:03

http://uk.reuters.com/article/2012/04/18/crime-singapore-prostitution-idUKL2E8FI23920120418

SINGAPORE, April 18 | Wed Apr 18

Banker among dozens in Singapore underage sex case

(Reuters) - A former UBS banker and the son of a prominent family are among dozens of men who have appeared in court in Singapore on charges of paying an underage girl for sex in an online prostitution scandal enveloping high-profile executives and civil servants.

Singapore, a financial hub that rivals Hong Kong, has sought to soften its squeaky-clean image in recent years and recast itself as a vibrant, global centre with casinos, high-end shops and cultural events to cater to wealthy foreigners and locals.

Rocky_Shorz

18th April 2012, 20:05

Sabrina

18th April 2012, 20:14

http://www.thisdaylive.com/articles/italian-businessmans-arrest-may-hurt-berlusconi/113966/
18 April
Italian Businessman's Arrest May Hurt Berlusconi

REUTERS

The arrest of a fugitive Italian businessman with close ties to Silvio Berlusconi could cause new judicial problems for the scandal-plagued former prime minister, who is already on trial for corruption and paying for sex with a minor.

Valter Lavitola, publisher of a small newspaper and once a European Parliament candidate for Berlusconi's party, was arrested at Rome airport on Monday after eight months as a fugitive from justice in South America, reports Reuters.

Prosecutors in the southern cities of Naples and Bari are investigating Lavitola and more than 20 other people on allegations including bribery.

Berlusconi, who was forced to resign in November, is not under investigation. But the case has turned the spotlight back on the former premier and media mogul.

Lavitola, 45, was an unofficial aide and fixer for Berlusconi and occasionally accompanied him on state trips abroad although he had no government role.

Naples prosecutors, who are due to interrogate Lavitola on Wednesday, ordered his arrest on charges of fraud connected to 23 million euros in public financing for L'Avanti, a socialist newspaper.

In another charge, magistrates also suspect Lavitola, who was looking after one of his business interests in Brazil when the arrest warrant was issued last year, acted as a middleman for the delivery of bribes by an Italian company to governments in Latin America.

Magistrates say he accompanied Berlusconi on official trips to Albania and Panama.

According to an arrest warrant by Naples prosecutors seen by Reuters, Lavitola was "a state representative incognito" whom Berlusconi trusted.

Before the arrest warrant was issued for Lavitola last year, Berlusconi and he spoke by phone and the conversation was intercepted by the Naples prosecutors.

During the conversation, which was leaked to the media, Berlusconi was purportedly heard urging Lavitola to stay outside Italy. Lavitola told the premier he was in Bulgaria.

In a separate case, prosecutors in Bari have linked Lavitola to a southern businessman, Gianpaolo Tarantini, who prosecutors allege provided high-class prostitutes for sex parties at Berlusconi's homes.

Lavitola denies wrongdoing, said his lawyer, Gaetano Balice.

Sabrina

18th April 2012, 20:20

http://www.independent.co.uk/news/business/news/protests-at-bp-meeting-over-bosses-pay-and-environment-7640820.html?origin=internalSearch

18 April UK

Protests at BP meeting over bosses' pay and environment

BP was given a bloody nose yesterday as 12 per cent of its shareholders voted against top executive pay packages at a colourful annual general meeting in which environmental protesters were forceably carried out of the building.

Including abstentions, about 13.3 per cent of BP shareholders who voted by proxy failed to back BP's remuneration report. Their chief concern was the decision to award chief executive Bob Dudley £4.3m in salary and bonuses last year – a move which Pirc, the shareholder advisory group, recommended its members oppose.

Pirc argued that Mr Dudley's pay was "difficult to justify" in a year which saw BP's already depressed shares slump by a further 5 per cent.

Shareholders also registered their disapproval of Carl-Henric Svanson, with 8.5 per cent failing to back his reappointment.

But while some investors quietly voted against the scale of pay, others were more vocal about environmental concerns, with the Gulf of Mexico oil spill in 2010 and BP's involvement in Canadian tar sands high on their agenda.

In the most dramatic part of a frequently testy annual general meeting at the Excel Centre in London's Docklands, one investor accused BP of hastening the demise of the planet.

At this point he was joined by fellow protesters, who promptly fell to the floor pretending to die and were carried out by security guards in front of the packed gathering.

Frustration was also expressed outside the meeting, as Gulf Coast and tar sands activists joined forces. "The clean-up is not complete," said Derrick Evans, from Gulfport in Mississippi. Oil washes ashore with unprecedented frequency, bringing dead sea life."

A company spokesman said: "BP's efforts to help restore the Gulf Coast region have not only been significant, they are unprecedented."

Sabrina

18th April 2012, 20:28

Ah sack me and I can go to bed :)...(want my bonus tho')....

modwiz

18th April 2012, 20:33

write4change

18th April 2012, 21:36

I am clear that I am not voting for the lesser of two evils. I am voting for Obama because his administration will give me more time another Bush administration will see the boxcars in months. FEMA needs labor for the coming climate disasters.

DreamsInDigital

18th April 2012, 21:42

The Irony? Obama is technically a Bush, he's Bush Jr. Blood Cousin.

Sabrina

19th April 2012, 07:10

http://www.roadtoroota.com/public/873.cfm?awt_l=5khcU&awt_m=3Y6pERGuSpAZ85B

Take Down of the Federal Reserve System Begins
Bix Weir

In an interview last weekend the "Good Guy Insider" gave a brief update on the pending take down of the Bad Guys. In this interview Drake said to expect something to be leaked out of the Federal Reserve sometime midway through the week. Here's the interview and the Drake conversation is right at the beginning:

http://www.blogtalkradio.com/freedomizerradio/2012/04/15/freedom-reigns

So I was watching for something related to the Federal Reserve and AS IF RIGHT ON CUE revelations came out about the Fed hiding massive amounts of information on their meetings during the 2008 financial crisis. Here's Dylan Ratigan (part of the Good Guys) exposing the info.

(interview at the link)

I will address this further in this weeks Friday Road Trip.

EVERYTHING is exploding for the Bad Guys.

It may seem a bit confusing that the Road to Roota Theory shows the Federal Reserve working to take down the Banking Cabal and yet, on the surface, they seem to be working with the Bad Guys.

My take: We have come to the time when the Federal Reserve falls on their own sword.

Ron Paul is about to get a GREAT BIG BOOST in visibility as he pursues these latest revelations!

It's all going as planned...

It is TAKE DOWN TIME!

Bix Weir www.RoadtoRoota.com

(Rattigan interview at the link)

Calz

19th April 2012, 07:20

Take Down of the Federal Reserve System Begins
Bix Weir

Thanks so very much Sabrina ... you have been all over this!!! :horn:

:whoo:

:fans::fans::fans:

http://www.mjusic.de/wp-content/uploads/2008/08/clobberin_mix.gif

Sabrina

19th April 2012, 07:28

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/9212598/Rupert-Murdochs-News-Corp-breaches-US-foreign-investor-law.html

Rupert Murdoch's News Corp breaches US foreign investor law

Rupert Murdoch’s cast iron grip of News Corporation appeared to weaken a little on Wednesday, after a breach of US law effectively forced the media giant to halve the powers of some of his biggest allies.

News Corp, which has spent most of the last year battling the fallout from the News of the World phone-hacking scandal, inadvertently allowed foreign investors to hold 36pc of Class B voting stock – well past the 25pc limit enshrined in American 1934 Communications Act.
In order to fix the problem, on Wednesday it suspended 50pc of the Class B voting rights of its investors outside the US, effectively halving the power of certain foreign investors.

Those affected include the Prince Alwaleed bin Talal, News Corp’s second biggest shareholder with around 7pc of voting rights. The Saudi investor has long been one of the Murdoch family’s staunchest supporters, telling reporters last summer that his “confidence in News Corp, in Rupert Murdoch and James Murdoch [was] unshaken completely” and that he was “standing by” his friends.

full story at link

Sabrina

19th April 2012, 07:43

BankingDay

Briefs: Customers' CFO resigns, bank fees class action widens, Heritage chairman retires
19 April 2012 6:45am

ATM operator Customers Ltd announced yesterday that its chief financial officer, Josie Pane, had resigned. Customers, which is subject to a takeover offer (by scheme of arrangement) from a Canadian company, DirectCash, lost its chief executive last month. Pane will remain until after the proposed implementation date of the scheme of arrangement.

Maurice Blackburn Lawyers yesterday filed a claim in the Federal Court against Bankwest on behalf of 6500 customers. The claimants...

Calz

19th April 2012, 07:50

Sabrina

19th April 2012, 07:51

http://afr.com/p/markets/dealbook/ubs_co_head_of_resigns_c9ckrBMN2mhzqCOtL6WubL
19 April

UBS Bank

UBS co-head of M&A resigns

UBS's co-head of US mergers and acquisitions, Ehren Stenzler, resigned from the Swiss bank on Wednesday, according to a source close to the matter.

See also story 634 for another UBS banker who was announced jumping ship yesterday.

Sabrina

19th April 2012, 07:57

http://whitehouse.blogs.cnn.com/2012/04/18/statement-from-secret-service-on-resignations/
18 APril

Statement from Secret Service on resignations (USA)

Posted by:
CNN Senior White House Producer Emily Schultze
The following is a statement from Assistant Director Paul S. Morrissey, U.S. Secret Service Office of Government and Public Affairs:

"Although the Secret Service's investigation into allegations of misconduct by its employees in Cartagena, Colombia, is in its early stages, and is still ongoing, three of the individuals involved will separate or are in the process of separating from the agency:

* One supervisory employee was allowed to retire from the agency.

* Another supervisory employee has been proposed for removal for
cause, which requires a 30-day notice, an opportunity to respond and the
right to be represented by private legal counsel.
* A third non-supervisory employee has resigned.

The remaining eight employees continue to be on administrative leave.
Their security clearances remain suspended.

The Secret Service continues to conduct a full, thorough and fair investigation, utilizing all investigative techniques available to our agency. This includes polygraph examinations, interviews with the employees involved, and witness interviews, to include interviews being conducted by our Office of Professional Responsibility in Cartagena, Colombia.

Since these allegations were first reported, the Secret Service has actively pursued this investigation, and has acted to ensure that appropriate disciplinary action is effected. We demand that all of our employees adhere to the highest professional and ethical standards and are committed to a full review of this matter.

Somewhere on cyberspace there was the suggestion that this was really to do with an attempted assassination on Obama??[COLOR="red"] - oohh that's a computer freudian slip from the computer on colour red - which just appeared...:)

Calz

19th April 2012, 07:57

:thank_you2:

http://jandeane81.com/showthread.php?303-Epic-Paradigm-Shift-poised-to-Unfold...&p=1653#post1653

Sabrina

19th April 2012, 07:58

Sabrina

19th April 2012, 08:11

Take Down of the Federal Reserve System Begins
Bix Weir

Sabrina can I please send this post to another forum (with many Avalon members you would know)??? :pray:

Will make it clear it is your post and will link back here.

This is exciting news and I would like to help spread it.

Cal

Yes that's fine - bring it on I say - and soon pleez.... :)

ALso on this story look at:

http://www.dylanratigan.com/

re: his radio show coverage:

Fed Doc’s and The Revolving Door
April 16, 2012

Months after requesting the transcripts detailing what happened inside the Fed during the financial crisis, the Dylan Ratigan Show reveals the information they received, and discuss their findings with the Huffington Post’s Ryan Grim and Delaware Attorney General Beau Biden.

FOMC Transcripts from 2007-2010
April 16, 2012

As promised, here are the transcripts of certain internal Federal Reserve meetings from 2007-2010, specifically, the meetings where their top officials planned their response to the gathering crisis (these are known as Federal Open Market Committee meetings, or FOMC).

Is The Federal Reserve Coming Clean?
April 16, 2012

As I told you on Friday, the Huffington Post and the Dylan Ratigan Show got some significant internal documents from the Federal Reserve. We'll be releasing them at 4pm on my show, on the Huffington Post, and at DylanRatigan.com.

Dylan Ratigan is the host of msnbc's The Dylan Ratigan Show, an independently minded,
"make vs. take", analysis-fueled news program that fearlessly tackles the world of politics, money, and the unholy alliance between big business and government. Ratigan also hosts the insightful and provocative podcast, Greedy Bastards Antidote. His new book, Greedy Bastards, is out in bookstores now.

risveglio

19th April 2012, 12:21

Earth Angel

19th April 2012, 14:29

http://americankabuki.blogspot.ca/2012/04/banker-resignation-graphs-as-of-41412.html

found this blog with a banker resignations graph , also shows percentages world wide ...... certainly a huge upturn as of late

DreamsInDigital

19th April 2012, 15:25

Ron Mauer Sr

19th April 2012, 16:05

Btw, Sabrina, You are awesome, thanks again as always for your awesome dedication in keeping us all updated on this financial stuff. You have my appreciation.

I agree Sabrina, you are awesome. Love your avatar also.

childs hood end

19th April 2012, 18:02

Gavin O’Reilly has stepped down as chief executive of Independent News & Media, ending 39 years of direct control by his family of Ireland’s largest media group.
http://www.irishtimes.com/newspaper/breaking/2012/0419/breaking43.html

Sabrina

19th April 2012, 19:56

modwiz

19th April 2012, 19:56

http://www.opensecrets.org/pres12/head2head.php?cycle=2012

Top Contributors

Barack Obama (D)
1 Microsoft Corp $289,088
2 DLA Piper $217,582
3 Google Inc $167,565
4 University of California $157,092
5 Harvard University $155,808

Mitt Romney (R)
1 Goldman Sachs $535,680
2 JPMorgan Chase & Co $375,650
3 Morgan Stanley $323,800
4 Credit Suisse Group $299,160
5 Citigroup Inc $282,765

NOTE: The organizations themselves did not donate, rather the money came from the organizations' PACs, their individual members or employees or owners, and those individuals' immediate families. Organization totals include subsidiaries and affiliates.

that list does say it all...

Mitt Romney contributors at the top of the list of commodity price fixing charges too... amazing coincidence....

Obama's contributors, not such nice people and should be made to pay reparations, of some sort. Romney's contributors, criminals and traitors who all belong in prison with Romney himself. I didna make the list, just comment on the differences in criminal behavior. Like misdemeanors vs. felonies.

Here is a list of Obama's Top 7 from 2008
1. University of California - $1,392,675
2. Goldman Sachs - $1,035,095
3. Harvard University - $831,110
4. Microsoft Corp - $809,799
5. Google Inc - $796,564
6. JPMorgan Chase & Co - $700,808
7. Citigroup Inc - $681,318

It's all just a game, we really need to just rid ourselves of Government.

Totally agree with it being a game. I consider the banks to be the biggest traitors and criminals and they liked O in 2008. This time they want Romney. That was my point. I will not vote until the criminals are in jail or the FEMA camps they made available with our tax money. Glad they made them to hold a lot of people because we have a lot of criminals at every level of government, all the way down to the county level. The BAR associations need to be disbanded and whatever counsel survives, or is needed, works for the people and not the power structure as they do now. Currently, all BAR attorneys represent the power of the government and cannot fully represent their client. They may say differently, but the legal system has been using weasel words for centuries and probably even allow lying to certain types of people. It may not be lawful, but anything can be made 'legal'. It just takes some weasels to write it into the legal code and then call it the law.

I am sure there are attorneys ( possibly many, but only possibly) of good conscience, but they have to walk a very fine line if they want to keep their licenses. Just like doctors.

We have some serious house cleaning to attend to.

modwiz

19th April 2012, 20:00

You know what, I wonder what they really did with all those secret service members, that really sounds like a great cover story for something else.

Btw, Sabrina, You are awesome, thanks again as always for your awesome dedication in keeping us all updated on this financial stuff. You have my appreciation.

Well, the Duffster has a few thoughts about the matter:Assassination Colombia – What If It Ain’t About Whores?
http://www.veteranstoday.com/2012/04/14/assassination-columbia-what-if-it-aint-about-whores/

Just a snippet:

"Army advance teams, those that arrange for presidential security, were arrested for failing to pay one or more whores for “services rendered.”
The real deal is very probably this:
At least one of the members of the presidential detail is suspected of working with foreign nationals to arrange the assassination of President Obama.
A certain nation comes to mind, one very close to former Governor Romney, the GOP candidate hopelessly behind in the polls, a candidate belonging to a religion seen as a dangerous sect, a candidate hated by most American women and women vote.

One country was told it wasn’t getting a war with Iran, has chosen to put all its weight behind an obvious loser and has no choice but to kill Obama or suffer the wrath of a president who has little to lose during a second term. There is no other reason such a hare brained story as this one would be foisted on the world during an election year."

Very interesting.

Sorry, Sabrina if this is ill placed. Offending you would not make me happy. I hope you are OK with me. Remedial actions are available. I accidently put it with DID's post. I meant to reply to your post about this story.

Sabrina

19th April 2012, 20:39

http://www.bbc.co.uk/news/uk-17767111
19 APril

Sun royal editor Duncan Larcombe arrested in payments probe (UK)

Mr Larcombe worked at the Kent and Sussex Courier before joining the Sun

The Sun's royal editor has been arrested by detectives investigating alleged illegal payments to police and public officials, the BBC has learned.

Duncan Larcombe, 36, was held following a raid on his home in Kent on Thursday.

A former member of the armed forces, 42, and a woman, 38, were also held after a raid in Lancashire by Scotland Yard's Operation Elveden unit.

A total of 26 people have been arrested since last July as part of the inquiry set up after the phone-hacking scandal.

News Corporation provided information which led to the latest arrests, police said.

In a statement, Scotland Yard said: "Today's operation is the result of information provided to police by News Corporation's management standards committee

full story at link

DreamsInDigital

19th April 2012, 20:40

Think on the recent Drake radio interview he said something about Obama changing the security team around to get the protection team he wanted. Thought they could have spun a more convincing story tho' - unless there was a gooey honey trap...
Hard to say, I just think there is something more to it, but don't want to disrupt to much this beautiful thread. I think it could be as much as anything, I'm definitely going to check out the link Modwiz put up.

Sabrina

20th April 2012, 20:57

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9217289/Barclays-faces-pay-protest-vote-at-AGM-over-chief-Bob-Diamonds-remuneration-package.html

20 April

Barclays faces pay protest vote at AGM over chief Bob Diamond's remuneration package
As much as a fifth of Barclays shareholders could vote against the bank's controversial pay packages despite attempts to calm investor anger ahead of next week's annual general meeting.

Investment industry sources said Barclays faces the prospect of between 15pc and 20pc of its shareholder base voting against its remuneration report and the re-election of Alison Carnwarth as the chairman of its remuneration committee at its shareholders meeting next Friday.

The prospect of a shareholder revolt on pay comes after Barclays on Thursday announced new performance targets for chief executive Bob Diamond and finance director Chris Lucas, in an effort to head off an embarrassing public showdown with its investors.

The amendments to Mr Diamond's and Mr Lucas's pay mean that half their annual bonuses will be subject to clawback if the bank is not able to achieve a return on equity in excess of its cost of equity.

However, some shareholders were unimpressed by the move and said it did not come close to satisfying their concerns over Mr Diamond's £17.7m compensation package. In particular, investors remain incensed that the bank has done nothing to address their concerns about a £5.75m "tax equalisation" payment by made by Barclays to cover the cost of a tax bill incurred by Mr Diamond when he relocated from New York to London to take charge of the bank at the start of last year.

"As far as we are concerned the change they announced does nothing to address the issues we have raised and therefore our view remains the same," said one investment industry source.

Sabrina

20th April 2012, 21:03

http://www.dailymail.co.uk/news/article-2131841/39-arrests-hunt-killer-Old-Harrovian-businessman--including-Chinas-richest-men.html
19 April
39 arrests in hunt for killer of Old Harrovian businessman - including one of China's richest men
Tycoon Xu Ming among those arrested, sources claim
Chinese police 'stung' by British criticism

Police investigating the suspected murder of British businessman Neil Heywood have made dozens of arrests, it was claimed yesterday.
Up to 39 people have been detained in a series of raids over several months on officials linked to politician Bo Xilai, whose wife is a suspect in the death.
Those arrested were reported to include billionaire Xu Ming, one of China’s richest men.

The news emerged within hours of the ruling Communist Party promising a ‘thorough’ inquiry into the ‘serious political event’.

Chinese authorities were believed to have been stung by criticism in Britain over delays in the investigation into Mr Heywood’s death in November last year, which has prompted China’s worst political scandal for 20 years.

Reports in China suggest Mr Heywood, a close associate of Mr Bo and his wife Gu Kailai, was poisoned with cyanide after he threatened to reveal Mrs Gu had siphoned millions of pounds in cash out of the country.

full story at link

Sabrina

20th April 2012, 21:07

SOURCE - http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq411.pdf

NOTIONAL AMOUNT OF DERIVATIVE CONTRACTS
Note: Credit derivatives have been included in the sum of total derivatives. Credit derivatives have been included as an "over the counter" category, although the Call Report does not differentiate by market currently.
TOP 25 COMMERCIAL BANKS AND TRUST COMPANIES IN DERIVATIVES
DECEMBER 31, 2011, $ MILLIONS

RANK, BANK NAME, STATE
ASSETS : DERIVATIVES

1 JPMORGAN CHASE BANK NA, OH
$1,811,678 : $70,151,756 (70 TRILLION)

2 CITIBANK NATIONAL ASSN, SD
$1,288,658 : $52,102,260

3 BANK OF AMERICA NA, NC
$1,451,969 : $50,135,890

4 GOLDMAN SACHS BANK USA, NY
$103,790 : $44,192,474

5 HSBC BANK USA NATIONAL ASSN, VA
$206,010 : $4,321,240

6 WELLS FARGO BANK NA, SD
$1,161,490 : $3,332,642

7 MORGAN STANLEY BANK NA, UT
$67,047 : $1,722,966

8 STATE STREET BANK&TRUST CO, MA
$212,293 : $1,390,579

9 BANK OF NEW YORK MELLON, NY
$256,205 : $1,375,225

10 PNC BANK NATIONAL ASSN, DE
$263,310 : $389,730

11 SUNTRUST BANK, GA
$171,292 : $309,154

12 NORTHERN TRUST CO, IL
$99,831 : $244,337

13 REGIONS BANK, AL
$123,368 : $150,281

14 U S BANK NATIONAL ASSN, OH
$330,471: $107,934

15 TD BANK NATIONAL ASSN, DE
$188,913: $73,794

16 KEYBANK NATIONAL ASSN, OH
$86,199 : $70,700

17 BRANCH BANKING&TRUST CO, NC
$168,868 : $69,027

18 FIFTH THIRD BANK, OH
$114,540 : $68,382

19 UNION BANK NATIONAL ASSN, CA
$88,968 : $53,238

20 RBS CITIZENS NATIONAL ASSN, RI
$106,941 : $39,572

21 ALLY BANK, UT
$$85,332 : $32,692

22 TD BANK USA NATIONAL ASSN, ME
$13,521 : $30,300

23 CAPITAL ONE NATIONAL ASSN, VA
$133,478 : $27,448

24 DEUTSCHE BANK TR CO AMERICAS, NY
$51,180 : $27,370

25 BMO HARRIS BANK NA, IL
$97,264 : $25,586

TOP 25 COMMERCIAL BANKS & TCs WITH DERIVATIVES
ASSETS $8,682,613 : DERIVATIVES $230,444,576 (230 TRILLION)

Sabrina

20th April 2012, 21:20

http://www.activistpost.com/2012/04/18-venn-diagrams-showing-how-corrupted.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ActivistPost+%28Activist+Post%29&utm_content=FaceBook

Thursday, April 19, 2012
18 Venn diagrams showing how corrupted American ‘democracy’ really is

Madison Ruppert, Contributor
Activist Post

A phenomenal series of Venn diagrams at the end of this article shows in painstaking detail just how corrupted our political system in the United States has become.

When I look at the the connections of Goldman Sachs, it makes me wonder how anyone thought that people actually had the brazenness to claim that those pointing out the revolving door between Wall Street and Washington conspiracy theorists.

Thankfully, as is often the case, the so-called “Government Sachs” conspiracy theorists were right all along, and when it is laid out as it is above it makes it obvious why this is the case.

story at link

Sabrina

20th April 2012, 21:27

http://www.businessweek.com/news/2012-04-20/walt-disney-film-chief-ross-steps-down-after-john-carter-loss

Disney Film Chief Resigns on ‘John Carter’ Loss

Rich Ross, chairman of Walt Disney Co. (DIS) (DIS)’s film unit, resigned following the company’s $200 million loss on the science-fiction picture “John Carter,” possibly the biggest ever for a single movie.

The departure of Ross, 50, who has run the division (DIS) since October 2009 and previously led the Disney Channel, was announced today in a statement. A successor wasn’t named.

Sabrina

20th April 2012, 21:33

http://eng.kremlin.ru/news/3692

President of Russia

Dmitry Medvedev accepted resignation of Smolensk Region Governor Sergei Antufyev

April 20, 2012, 15:00

Tags: civil service, regions, Smolensk Region

The President signed Executive Order On Early Termination of the Mandate of Smolensk Region Governor.

Sabrina

20th April 2012, 21:43

http://www.insurancenews.com.au/breaking-news/doyle-quits-as-zurich-ceo

Doyle quits as Zurich CEO
EmailPrint
Breaking News, 20 April 2012

Zurich CEO Shane Doyle today announced his resignation from the company.

While no official reason has been given at this point for the move, a reliable source told insuranceNEWS.com.au Mr Doyle’s decision to resign was “a personal decision based on a change in career direction”.

Mr Doyle told Zurich staff around Australia of his decision earlier this afternoon.

A Zurich spokesman told insuranceNEWS.com.au Mr Doyle will leave the company by September 30 “to take up a new opportunity”.

“It’s business as usual and the search for a successor has begun,” she said.

Mr Doyle left AIG in the UK to join Zurich Financial Services Australia in February 2010 as GM General Insurance. He was appointed CEO General Insurance in March last year when the company’s life/investment and general insurance arms were split.

¤=[Post Update]=¤

http://www.spacenews.com/military/120420-nro-director-stepping-down.html

NRO Director Stepping Down in July

WASHINGTON — U.S. National Reconnaissance Office (NRO) Director Bruce Carlson will be leaving his post July 20, a spokeswoman for the spy satellite agency confirmed April 20.

In an April 18 email to NRO employees, Carlson said he decided to step down after careful consultations with the U.S. director of national intelligence, the undersecretary of defense for intelligence and his family. “The selection process for a new leader is under way and that choice will be announced soon,” he said in the email, which was provided to Space News.

Carlson took over the NRO in June 2009 with the agency still reeling with programmatic setbacks that had damaged its reputation for technical excellence. The NRO last April capped an eight-month, six launch campaign that Carlson said helped restore critical intelligence-gathering capabilities.

NRO spokeswoman Karen Gilbert said Carlson came aboard with plans to serve for three to five years. He will have served three years by the time he departs.

Sabrina

20th April 2012, 21:47

By Danny Weil, Truthout April 19, 2012

http://truth-out.org/opinion/item/8589-bipartisan-political-elite-implicated-in-for-profit-education-fraud

On Friday, April 13, 2012, Courthouse News reported a class-action lawsuit by students filed in federal court against the Art Institute of California and its owner, Educational Management Corporation (EDMC).

As reported in Truthout, Sen. Olympia Snowe’s (R-Maine) husband, former governor of Maine John McKernan, is chairman of the board of EDMC and a former CEO of the company. The company also faces an $11 billion false claims lawsuit by the federal government and 11 states.

The lead plaintiff in the class-action suit, Chinea Washington, claims The Art Institute of California, Hollywood, led her to believe that federal grants and loans would cover the entire $89,000 cost for a bachelor’s degree in interior design.

In November 2011, after three years of study, Washington was provided notice by the “college” that she had reached the federal loan/grant aggregate limit of $52,340 and that it would cost $37,000 to complete the degree. Washington dropped out with $52,160 in debt. Because The Art Institute’s credits are not transferable, Washington has been swindled out of $52,000 and three years of her life.

The only way to describe $89,000 for a four-year degree with non-transferable credits from a non-academic college is as a fraud and a swindle, and that characterization possibly fails to convey the frustration and downright victimization students like Washington must feel.

Like subprime mortgages, for-profit colleges are a scam driven by payment of commissions to sales staff known as recruiters. The payment of commissions to high-pressure salespeople is so central to the scam that the umbrella trade group for for-profits, the Association of Private Sector Colleges and Universities (APSCU), has sued the federal government to overturn its ban on incentive pay.

It cannot be stated strongly enough: for-profit colleges could not engage in the ongoing exploitation of students and theft of federal money without the direct cooperation and assistance of the federal government in what can only be termed an immoral economy.

The same forces that demonize everything government does or attempts to do are busy feeding from the government trough. The hypocrisy is untenable, the federal subsidies unfathomable and the lack of criminal prosecution unconscionable.

For-profit colleges are a kickback scheme where politicians enact favorable legislation and regulations that allow for-profit colleges to maintain access to student loans and grant money. The for-profit colleges then “give” a small cut of the federal money back to the politicians to enact favorable legislation.

In the cases of Senator Snowe and Sen. Dianne Feinstein (D-California), their husbands have operated under the cover of their wives as they directly benefited, and continue to benefit from, their positions as shareholders in for-profit college companies. Snowe and Feinstein are accomplices in the ongoing evisceration and defrauding of citizen taxpayers and students, which explains the pair’s complete silence on this matter.

The so-called ruling class of government officials and elected politicians, to which Feinstein and Snowe clearly belong, is little more than a gaggle of white-collar criminals which facilitates and benefits from the diversion of taxpayer money into private coffers. It all takes on the appearance of legitimacy.

Unfortunately, this is not a victimless crime. Like Washington, thousands of students who attend these subprime institutions are left with tens of thousands of dollars of nondischargeable debt which ends up ruining their lives.

There is a vast network of former and current government officials who actively participate in the for-profit college swindle.

Some of the conspirators are well known, and include: Mitt Romney, Rep. Virginia Foxx (R-North Carolina), John Kline (R-Minnesota), Alcee Hastings(D-Florida), Trent Lott (R-Mississippi), Lamar Alexander (R-Tennessee), Steve Gunderson (R-Wisconsin), Virginia Democratic Party Chairman Brian Moran, Snowe, Feinstein, Nancy Pelosi (D-California), and John Boehner (R-Ohio). The group also includes Obama administration officials and supporters such as Lanny Davis, Anita Dunn, Hilary Rosen, Anthony Miller and Charles Rose.

As I have previously written, you won’t read about any of this in The Washington Post because the Post owns a predatory for-profit college outfit known as Kaplan University, nor will you hear much about it in the rest of the corporate press.

By not prosecuting a single person related to the mortgage debacle, the Obama administration has now given the green light to for-profit college executives, such as McKernan and Post CEO Donald Graham, to engage with impunity in conduct which should be considered illegal and subject to criminal prosecution.

For-profit colleges serve as a corporate poster child for the need for campaign-finance and lobbying reform to staunch the ongoing corruption of the government which has looted the country and is turning it into a dysfunctional, third world nation.

write4change

20th April 2012, 21:56

Sabrina

20th April 2012, 21:59

http://www.newstatesman.com/node/184911/

20 April

News Corp's phone-hacking bill set to soar
Costs set to rise beyond $200m as 46 new cases are filed at the high court

The news that 46 new phone-hacking cases have been filed at the high court in London by figures including Wayne Rooney, actor James Nesbitt and John Major's former daughter-in-law, Emma Noble, will trouble News Corporation shareholders.

The scandal has already cost the company at least $195m in lawyers' fees and payouts to victims, and with the total number of "likely victims" now estimated at 1,174 the final bill could end up being closer to $1bn.

This reminder of the News of the World's industrial-level hacking also comes at an awkward moment for Rupert and James Murdoch. Both are appearing separately at the Leveson Inquiry next week.

risveglio

20th April 2012, 22:07

This is a huge scam I have witnessed a lot of this on -- online education from even places like Pepperdine owned by Church of Christ. 30,000 annually for an education I would have flunked my sophomores for in the 60s. There is no morality and no oversight.

Isn't that pretty much true for any "university" these days? I know all I learned in college that was useful for the real world was how to handle my booze.

GoodETxSG

20th April 2012, 22:13

Removed by member.
:peep:I removed this post because I shared a little tooo much info about my tenure at a couple of Banks that I was getting questions about and a couple of emails from old coworkers about. I didn't realize what a wide audience this site has... I apologize for yanking the info like that and not responding to some of your questions. AND No I am not paranoid or off my medz LOL :spy:

ThePythonicCow

20th April 2012, 22:29

crosby

20th April 2012, 22:47

ThePythonicCow

20th April 2012, 22:47

GoodETxSG

20th April 2012, 23:13

[Mod-edit: I added some paragraphs - much easier to read that way. -Paul.]

Thanks Paul... appreciated.

GoodETxSG

21st April 2012, 00:06

They may not have anywhere to hide on the Planet or under it... but they will try and will make absolute HELL for anyone that tries to defy them and their overlords
That's my guess as well, without the benefit you had of having been a fly on some interesting walls.

Sadly I felt more like a fly on a stinky pile of crap... its all crap. It is sickening to even think about let alone talk about.

D-Day

21st April 2012, 00:11

When the SHTF (and it will), I will scoop up my family and head bush for an "extended camping trip" :)
No way in hell will I be caught dead (pardon the pun) in city/urban areas when the lights go out, the water stops flowing, and the supermarket shelves are bare.
I have everything planned, organised, and ready to go at a moments notice - including an exit strategy with multiple alternative routes leading to our predetermined and already established camp site (remote, well hiiden location next to a river).
This includes a trailer packed with 6 month supply of life's basic necessities, including tools, equipment and weapons for hunting/protection.
I'm confident that I have enough experience with hunting, fishing, camping and survival tactics to keep us all alive and well for years in that location if I have to.
My father was a bush survival instructor who did contract work for the Aus military as well as private clients.
So I spent much of my childhood and teenage years on camping, fishing and hunting trips - learning everything there is to know about bush survival.
The only concern I have, is that of a nuclear/radioactive threat.
Unfortunately, for us, I don't have the money or resources to protect my family from nuclear fallout.
Outside of that (worst case) scenario though, I feel pretty confident in our ability to "make do" and get by until thing settle down again.
So, bring on the collapse I say... the sooner we can purge ourselves of this rotten system and the paradigm that envelops it the better!
Prepare for the worst and hope for the best, I'm ad ready as I can be.
Actually, I'm kinda looking forward to not having to attend my 9-5'er for a change. lol

Pete

21st April 2012, 09:32

D-Day

21st April 2012, 11:03

You know, it increasingly feels to me, that the only people left contributing on Avalon, are the ones that haven't got it yet. I don't mean to sound patronising and I don't want to offend, but I haven't been visiting the site so much recently as it is clear to me that change is happening now. whether or not you and I survive this change is unimportant. The change is going to happen.

The problem is that because many of the contributors who feel this way have reduced their input it has left a void and there is no longer a healthy balance of opinion and the more negative view has become predominant, which actually accentuates the problem.

I listen to the survival rhetoric and remind myself that I felt just like you did until I understood there is a far more wonderful truth behind all this nonsense, The fact is, we are spiritual at our essence. Now unfortunately, some clever folks worked this out and enjoyed the power of this knowledge and the fact that they could manipulate the others. This allowed them to enjoy unrivalled power and privilege in this reality. Why would they tell everyone, they would loose their control. However, forces behind this secret are more powerful than the tinkering done in this dimension and cosmic synchronicity is kicking into to purge the dark and allow us all to awaken out of this reality

Just look for yourself at the speed with which change is beginning to manifest itself, go back 6 months and compare the mounting wave of news that is beginning to form. It's completely clear to me and many others that a more beautiful truth is beginning to unfold and a future we could barely imagine is beginning to make it self known.

We have been controlled through fear, but ask yourself what is to fear if all this is an illusion, a game to experience 3 dimensional existence. There is no death, only an end to one experience, what are you trying to survive, your just perpetuating the misery. Embrace what you fear and you will be free of it.

There are many reasons cited to understand why so many of Avalon's contributors have left the site or fallen silent, but I don't believe it has anything to do with the rising negativity of the content, its simply the fact that this is what is left because the other guys can see that the change is happening and can sit back and enjoy the show.

I can hear the groans and the negativity rising to what I am saying, "Oh no! not another surrender monkey", "someone who's prepared to sit back and hope for divine intervention".

Well, this is the journey or leap in thought and change in personal paradigm we all have to make and until you process this individually, you will remain in fear and actually feed what you are trying to avoid. Make the leap and life over here is far less scary and you are no longer feeding the machine. You are free of the propaganda churned out every minute, you can see clearly where they are trying to steer us and what they want to achieve.

Lastly, Just think about this; What is it you are trying to survive. If these guys had got their way, they would be living in a hole in the ground whilst the remaining population are left to eat each other, until only the strong survive. At which point our new rulers will resurface and control these survivors to become their slave troops to invade the cosmos.

That's some cheery future!.... You save your family, so that their offspring maybe be able to survive a nightmare and then have a **** future. Thanks Mum and Dad!

You are not just your bodies, your body is simply the vehicle to experience this existence. The essence of you is immortal and is here by choice, all you need to do is get your head around this wonderful fact to free yourself from the control of others and see a most splendid future.

I really hope that you have bothered to read this and that it prompts you to question the future you really want to live or whether you choose to remain attached to the visions of others.

With deep respect and love to all Avalonian contributors, their families and friends, see you on the other side
pete out

Well Pete, the way I see it our existence/experience here in this physical realm is all about personal growth and the pursuit of perfect balance/harmony between mind, body, sprit and soul.
This is (or should be) the ultimate goal that each and every one of us strives to achieve in our lifetimes.
We are here to learn how to balance the physical, emotional, intellectual and spirtual aspects of our lives as best we can in the time that we have... that is the purpose of our being here on the physical plane.
Just because I have focussed "some" of my attention on the physical (i.e learning survival tacitcs and preparing physically for TSTHTF), does not mean I have neglected the emotional, intellectual or spirutal aspects.
On the contrary, I have spent the past 6 years of my life focussing intensely on developing the emotional and spiritual aspects of my being.
In fact, I meditate daily and have done for a little over 4 years now.
I have had many spirtual awakenings and experiences in that time, and for that I am truly grateful.
I do the work I feel I have to do in order to incorporate all the abovemedntioned aspects into my daily growth and learning.
Because each of them is as important as the other - remember it's all about balance.
So please, do not assume that just because I have done work to prepare for the worst physically, that I have not also prepared myself emotionally, intellectually, and/or spiritually as well.
At the end of the day, you don't know me.
What you do know of me comes from words I have typed on a screen - but that's not me, that's just an aspect of me ;)

POST EDIT:

Also, please don't assume that I do what I do out of fear.
I actually do it because I have a zeal for life and appreciation for the experience that this 3D realm offers me.
After all, that's why we chose to come here in the first place... remember??
The way I see it, those who would rather sit back and do nothing other than meditate while waiting for their chance at a rosier existence elsewhere (ascension) to magically manifest for them are the one's who are truly living in fear.
This life is about experience... the good, the bad, and the ugly!

Sabrina

21st April 2012, 21:26

http://www.nairaland.com/862780/mass-massive-resignation-appointment-hits
21 April Nigeria

there has been massive and unprecedented resignation of appointment by staffs @ intercontinental bank this week
as over 28 branches in lagos alone not open to customers as a results of the exodus of staffs .
other locations visited across the country shows some cadre of staffs handling functions they are not prepared for, which resulted in delay and very poor services.

there have been serious and very poor services in most of the branches visited by a correspondent of a news organization in other states . and other locations across the country
there is has been drop in manner customers besiege the bank's busy branches for business.
payment of cash has also been difficult.

customers interviewed has been expressing disaffection in the turn of very poor services since the take over by access bank.
it's mobile banking has not been working for two months.

apart from the closure of about 100 branches of intercontinental bank closed down by the new management

confirmed reports has it that the new owners asked people to resign if they are not willing to take the new offer.
the new offer according to reports is full of anti labour laws
forfeiture of whatever severance pays u might have benefited from working with ibplc.
signing of bond,no severance pay or gratuity in it's policy
placement on probation irrespective of no of years spent @ ibplc
and very many unfriendly clause and conditions.

access bank according to industry watch is proudly know for sacking of its employees without recourse to procedures as they operate a gangstar approach in employees matters .regular termination of staff's appointment with no disciplinary offence at all.

high levels of unbalanced employees worklife balance, frequent holdings of meetings at odd hours
midnight meetings and till day break.

termination of staffs employment based on deposit inflow for all cadre of staffs.example the 1500 recently disengage whether marketing or not .poor treatment and talking down on it's employees .

reports further shows that other banks has already been taking advantage of the exodus of its staffs to mob up deposit into its books.

Sabrina

21st April 2012, 21:34

http://www.naharnet.com/stories/en/27153

Norway's Intelligence Chief Resigns over Pakistan Gaffe

by Naharnet Newsdesk 19 January 2012

The head of Norway's intelligence service (PST), widely criticized after the July 22 attacks last year, has resigned after hinting Oslo has agents in Pakistan, the justice ministry said Thursday.

Amid heightened tensions between Pakistan and the West, her remarks sparked a diplomatic dance in Islamabad and Oslo, with Norwegian and Pakistani ambassadors rushing to meet officials of their host countries and exchange information.

"PST chief Janne Kristiansen has informed me that she is resigning from her post effective immediately," Justice Minister Grete Faremo told reporters.

Sabrina

21st April 2012, 21:41

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9218962/City-regulator-fines-former-BoS-banker.html

21 April UK

City regulator fines former BoS banker
Peter Cummings, the man behind Bank of Scotland’s failed corporate bank, has been handed a “warning notice” and punitive fine by the Financial Services Authority.

He is understood to have rejected the allegations of the City regulator, which has issued what is thought to be a seven-figure penalty to the Scottish banker — one of the FSA’s largest ever fines.

Mr Cummings’s Corporate Division was alleged to have epitomised the excesses of the property and buy-out boom.
Analysts believe its deal-making resulted in a £20bn cost to the bank on a £120bn loan book.

Over more than a decade, Mr Cummings became a major figure at BoS, driving an increasing share of the bank’s profits.

But in a report last month, the FSA said that “there were significant issues as to the quality, reliability and utility of the available management information which directly affected the effectiveness with which the risks of the business could be assessed, managed and mitigated”. When the property market collapsed in 2007 and 2008 and liquidity dried up many of the riskiest deals collapsed.

The FSA’s report on the extensive failings of BoS specifically pointed to Mr Cummings’s corporate division. The FSA said BoS, now owned by Lloyds, was “guilty of very serious misconduct”, which meant the bank “failed to comply with its regulatory responsibility” and eventually forced the taxpayer to intervene with a rescue that cost billions of pounds.
full story at link

Sabrina

21st April 2012, 21:49

Revealed: David Cameron’s father built up legal offshore funds in Panama and Geneva

By Ed Howker and Shiv Malik, The Guardian, April 20, 2012 UK

http://www.guardian.co.uk/politics/2012/apr/20/cameron-family-tax-havens

David Cameron’s father ran a network of offshore investment funds to help build the family fortune that paid for the prime minister’s inheritance, the Guardian can reveal.

Though entirely legal, the funds were set up in tax havens such as Panama City and Geneva, and explicitly boasted of their ability to remain outside UK tax jurisdiction.

At the time of his death in late 2010, Ian Cameron left a fortune of £2.74m in his will, from which David Cameron received the sum of £300,000.

Cameron and other cabinet members have recently suggested that they would be willing to disclose their personal tax filings amid growing scrutiny following the budget, but this would only shed light on annual sources of income rather than accumulated wealth or inheritance.

The structure employed by Cameron senior is now commonplace among modern hedge funds, which argue that offshore status can help attract international investors. UK residents would ordinarily have to pay tax on any profits they repatriated, and there is nothing to suggest the Camerons did not.

Nevertheless, the dramatic growth of such offshore financial activity has raised concerns that national tax authorities are struggling to pin down the world’s super-rich.

Ian Cameron took advantage of a new climate of investment after all capital controls were abolished in 1979, making it legal to take any sum of money out of the country without it being taxed or controlled by the UK government.

Not long after the change, brought in by Margaret Thatcher after her first month in power, Ian Cameron began setting up and directing investment funds in tax havens around the world.

Leaving his full-time role as a City stockbroker, Ian Cameron went on to act as chairman of Close International Asset management, a multimillion-pound investment fund based in Jersey; as a senior director of Blairmore Holdings Inc, registered in Panama City and currently worth £25m; and he was also a shareholder in Blairmore Asset Management based in Geneva.

However, the family will – a public document seen by the Guardian – only details the assets of Ian Cameron’s estate in England and Wales. Offshore investments would only be listed in submissions to HMRC for inheritance tax purposes. It is unclear what those assets – if any – are worth and which family member owns them.

In 2009 the compilers of the Sunday Times Rich List estimated Ian Cameron’s wealth at £10m.

He was survived by his wife, Mary Fleur Cameron, who as his spouse would not have had to pay inheritance tax on sums transferred between them.

In 2006 Ian’s eldest son, Alexander, became the sole owner of the family’s £2.5m house in Newbury, Berkshire, where David had been brought up.

Another family home in Kensington, London, worth £1m, passed to his two daughters in equal share.

Cameron’s father was “instrumental” in setting up the Panamanian company, Blairmore Holdings, in 1982, which was exempt from UK tax, when David was a pupil at Eton aged 16.

The fund shares its name with the family’s ancestral home in Aberdeenshire, Blairmore House, in which Ian Cameron was born in 1932 but which the family no longer owns.

A lengthy prospectus for Blairmore Holdings written in 2006 and meant to attract high net worth “sophisticated” investors, with at least $100,000 to buy shares, is explicit about how the fund sought to avoid UK tax. At the time more than half of the fund’s 11 directors were UK nationals.

Under Panamanian law the fund was excluded from taxation derived from other parts of the world.

“The fund is not liable to taxation on its income or capital gains as long as such income or capital gains are not derived from sources allocated within the territory of the Republic of Panama,” the 2006 prospectus reads.

“The Directors intend that the affairs on the Fund should be managed and conducted so that it does not become resident in the United Kingdom for UK taxation purposes. Accordingly … the Fund will not be subject to United Kingdom corporation tax or income tax on its profits,” the prospectus continues.

The investor document also credits Ian Cameron as a founder member of Blairmore Holdings and states that as an adviser he would be paid $20,000 a year – the highest paid director – whatever profits were realised.

In fact, the long-term Panamanian investment fund performed above market rate over many years averaging a 116% return from 2002-2007. Today many of the fund’s largest holdings are in blue-chip stocks such as Apple, Unilever and Coca Cola.

Before his death, aged 77, Ian Cameron was also chairman and shareholder of Close International Equity Growth Fund Ltd, registered in Jersey and worth £9m according to papers filed in 2005. In that year just under half of the fund’s holdings were in UK listed stocks.

A third fund set up in Geneva, Switzerland, had a shorter life span and finally dissolved in 2007 but had many of the same registered shareholders as the Panamanian outfit. These included a number of former employees of Panmure Gordon, the stockbroking firm where Ian Cameron spent much of his career and those from Smith and Williamson investment management where Cameron senior was a consultant.

One notable investor into the Panama fund was a charity established by Tory peer Lord Vinson. Accounts from 2009 show that a charitable trust set up under his own name invested £82,000 into the fund – almost one quarter of its investments in shares.

Vinson’s trust that year went on to donate tens of thousands of pounds to rightwing think tanks including the Institute of Economic Affairs and Civitas.

David Cameron has recently remarked on companies who have taken advantage of offshoring to legally avoid tax. Speaking at the start of the year to small business leaders in Maidenhead, he said: “With the large companies, that have the fancy corporate lawyers and the rest of it, I think we need a tougher approach.

“One of the things that we are going to be looking at this year is whether there should be a general anti-avoidance power that HMRC can use, particularly with very wealthy individuals and with the bigger companies, to make sure they pay their fair share.”

The row also comes as the top rate of tax was lowered in last month’s budget from 50p to 45p and the rate of corporation tax continue to drop to achieve the chancellor’s ambition of giving the UK one of the lowest rates of corporation tax in the G7.

Responding to opposition criticisms over the lowering of the top tax rate, Cameron said: “The cut in the 50p tax rate is going to be paid five times over by the richest people in our country.”

and

Meanwhile it was only 10 days ago that Britain’s Deputy Prime Minister, Nick Clegg, who faced financial scrutiny during the last general election in 2010, said the wealth of politicians’ wives and families should not be made public to avoid an American-style media “frenzy”. What do these people have to hide?

Incidentally, British PM David Cameron (who barely managed to scrape in to power in 2010 after he fell 20 seats short of victory and took five days to form a coalition government with Mr Clegg’s rival party) and his Deputy, Nick Clegg, are both named on the current listing of the Committee of 300: http://the2012scenario.com/2012/04/ever-wondered-just-who-is-the-committee-of-300/

Downing Street said it did not want to comment on what was a private matter for the Cameron family.

A spokesperson added: “The government’s tax reforms are about making sure that some of the richest people in the country pay a decent share of income tax.”

The investment managers Smith and Williamson, for whom Ian Cameron worked, chose not to comment.

Sabrina

21st April 2012, 21:53

JP Morgan Lawyer Exposes Corruption at JPM, MF Global & the CFTC
Bix Weir

Below is the written testimony to Congress of Diane Genoa, Deputy General Counsel for JP Morgan as it relates to the MF Global investigation. I have no doubt that she was "deputized" such that JPM's actual General Counsel, Stephen Cutler, didn't have to speak. Unfortunately for the Bad Guys, Ms. Genoa's dance around the issues may have provided more information than they wanted to expose. Here's the statement...

Statement from JP Morgan re: MF Global Collapse

http://financialservices.house.gov/UploadedFiles/HHRG-112-BA-WState-DGenova-20120328.pdf

Clearly JP Morgan believes they did NOTHING wrong and were just an innocent bystander who was trying to "lend a hand" to one of their customers in a time of need....GIVE ME A BREAK!

Basically, Ms. Genoa knows exactly what they did illegally in this situation and is trying to dance around it. JP Morgan KNOWINGLY confiscated at least $200M of customer funds and then tried to cover their tracks by getting MF Global to sign a waiver three times that stated the funds were legitimate and not customer segregated funds. MF Global never signed the document but JP Morgan still hasn't given the money back.

Here's the telling statement on page 7...

"In retrospect, events appear to have overtaken MF Global during the weekend before it filed for bankruptcy, and, as a result, the letter was not signed. Nevertheless, our request did result in our receiving multiple clear oral assurances from senior MF Global officials that MF Global was in compliance with its obligations under the CFTC rules."

So who were these "senior MF Global officials" at MF Global?

"...we wound up speaking with Ms. Ferber's deputy general council, Dennis Klejna. We understood Mr. Klenja to be a former Head of the Enforcement Division of the CFTC..."!

Now wait a minute...why do I know that name? Oh yeah, DENNIS KLEJNA was also part of the Refco bankruptcy (that JP Morgan was deeply involved in) and actually had to pay up $1,250,000 to the victims but never had to admit any guilt...

OVER $135 MILLION IN ADDITIONAL REFCO FRAUD PROCEEDS FORFEITED BY MANHATTAN U.S. ATTORNEY DISTRIBUTED TO VICTIMS

http://www.justice.gov/usao/nys/pressreleases/May10/refcoforfeituredistributionpr.pdf

Not only that but Dennis Klejna actually busted REFCO when he was at the CFTC in 1992 for violating the Position Limits Rule...

Fine Given in Refco Case

http://www.nytimes.com/1992/03/14/business/fine-given-in-refco-case.html

He was a "poster child" at the CFTC in the early 1990's but in 1995 he ran up against a force of evil rarely encountered my mortal man...HILLARY CLINTON!

THE WATCHDOG WHO BARKED AT HILLARY

http://www.businessweek.com/archives/1995/b341743.arc.htm

Can it get more complicated? I guess Dennis figured - "If you can't beat em - join em!" and turned to the dark side.

Here's more background on this "Bad Guy"

DENNIS KLEJNA, SENIOR V.P. AND ASSISTANT GENERAL COUNSEL

In May 2007, Klejna joined from failed brokerage firm Refco, where he was executive vice president and general counsel. He was named senior vice president and chief compliance counsel of futures brokerage Man Financial -- which was renamed MF Global. From 1983 to 1995, Klejna had served as the Commodity Futures Trading Commission's director of enforcement, presiding over 145 CFTC enforcement cops nationwide.

Round and round it goes...

Klejna was the head of the enforcement division at the CFTC when Judge Bruce Levine was hired on to run cover for the manipulation of commodities as admitted in this letter from retiring CFTC Judge George Painter!

Judge George Painter's Admission of CFTC Corruption

http://www.scribd.com/doc/39746954/Judge-Painter-Notice-and-Order-dcpdf-1

The corruption runs deep within the Banking Cabal, the Government Oversight Organizations and the US Legal System.

The GOOD thing about all this is that the curtain is being pulled away and the Banksters can't survive in the light of day.

May the Road you choose be the Right Road.

Bix Weir

www.RoadtoRoota.com

risveglio

22nd April 2012, 00:33

Sabrina

22nd April 2012, 21:14

http://www.telegraph.co.uk/news/politics/liberaldemocrats/9219332/Fugitive-multimillionaire-fraudster-Michael-Brown-faces-extradition-hearing.html
22 April UK

Fugitive multimillionaire fraudster Michael Brown faces extradition hearing

Fugitive multi-millionaire fraudster and Liberal Democrat donor Michael Brown is set to face an extradition hearing in Spain early next week

Sabrina

22nd April 2012, 21:21

https://www.facebook.com/events/283107395109665/

(George Osborne is UK's Chancellor of the Exchequor - S)

PEACEFUL & LAWFUL CITIZENS' ARREST OF GEORGE OSBORNE - 30TH APRIL 2012 - UK
Public Event · By David Searle

On 20th April 2012 George Osborne announced he has committed a further £10 billion of contingent loans to be given to the IMF, the organisation representing the interests of commercial and privately-run central banks worldwide.

His claim that this loan "does not add to our deficit or national debt" is disingenuous, since as with every bank bailout the collateral is the British people themselves, and unlike the banks, we do not at this present time have control of the money supply, i.e. the power to create money at will.

This means that we will be requested to pay it via austerity measures that directly affect the quality of our daily lives, and in an increasingly large number of cases our ability even to survive.

In an actual sense, Osborne has agreed to the transfer of assets from the British people to the commercial and privately-run central banks.

Under UK law, this constitutes theft:

http://www.legislation.gov.uk/ukpga/1968/60/section/1 [Theft Act 1968, Section 1]

Furthermore, the statement that it does not add to our debt, coupled with Osborne's previous statement to Parliament on 27th October 2011 that "Britain will not be putting money into the bailout fund either directly or through the IMF", mean that it is also fraud:

http://www.legislation.gov.uk/ukpga/2006/35/section/2 [Fraud Act 2006, Section 2]

We, the people of this country, now face a straightforward, threefold choice:

1. Allow the continued flouting of our laws by the same men and women that were elected to represent us.

2. Petition the police service and courts to address the flouting of these laws as effectively as they can.

3. Take peaceful and lawful action to arrest George Osborne ourselves, according to the duties and guidance of the law (http://www.legislation.gov.uk/ukpga/1984/60/section/24A [Police and Criminal Evidence Act 1984, Section 24A]) and the principles and example of the British Constitution.

I am hereby calling for us to choose the third option. Join me at 10.00am on 30th April 2012 outside Downing Street. Over the coming days I will be speaking to the Metropolitan Police to explain that the arrest will be lawful and peaceful, and to co-ordinate with them in order to ensure that the action proceeds in a proper and legitimate manner.

Please do not join the arrest unless you are mentally and physically prepared to conduct yourself in a presentable, calm, peaceful and lawful manner throughout the entire duration of the event otherwise there is a risk that it will be unsuccessful.

We will participate equally in this arrest, standing together as sovereign British citizens, and I believe that the more of us taking part, the more likely we are to succeed.

David Searle

Sabrina

22nd April 2012, 21:33

http://tenthamendmentcenter.com/2012/04/18/new-law-virginia-will-not-cooperate-with-ndaa-detention/

New Law: Virginia will not cooperate with NDAA detention

For Immediate Release:April 18, 2012

RICHMOND, Va. – On Wednesday, the Virginia legislature overwhelmingly passed a law that forbids state agencies from cooperating with any federal attempt to exercise the indefinite detention without due process provisions written into sections 1021 and 1022 of the National Defense Authorization Act.

HB1160 “Prevents any agency, political subdivision, employee, or member of the military of Virginia from assisting an agency of the armed forces of the United States in the conduct of the investigation, prosecution, or detention of a United States citizen in violation of the United States Constitution, Constitution of Virginia, or any Virginia law or regulation.”

The legislature previously passed HB1160 and forwarded it to Gov. Bob McDonnell for his signature. Last week, the governor agreed to sign the bill with a minor amendment. On Wednesday, the House of Delegates passed the amended version of the legislation 89-7. Just hours later, the Senate concurred by a 36-1 vote.

Bill sponsor Delegate Bob Marshall (R-Manassas) says that since the legislature passed HB1150 as recommended by the governor, it does not require a signature and will become law effective July 1, 2012.

Several states recently passed resolutions condemning NDAA indefinite detention, but Virginia becomes the first state to pass a law refusing compliance with sections 1021 and 1022.

“In the 1850s, northern states felt that habeas corpus was so important that they passed laws rejecting the federal fugitive slave act. The bill passed in Massachusetts was so effective, not one single runaway slave was returned south from that state. Today, Virginia joins in this great American tradition,” Tenth Amendment Center executive director Michael Boldin said. “When the federal government passes unconstitutional so-called laws so destructive to liberty – it’s the people and the states that will stand up and say, ‘NO!’ May the other states now follow the lead taken today by Virginia.”

Sabrina

22nd April 2012, 21:47

http://online.wsj.com/article/SB10001424052702303592404577359201149318974.html?mod=WSJ_World_LEFTSecondNews
22 April Australia

Gillard Government Suffers Fresh Blow

SYDNEY—Australia's Labor government faces new pressures after a lawmaker critical to Prime Minister Julia Gillard's minority administration stood aside from a key role in Parliament.

Peter Slipper said he would step aside as speaker of the House of Representatives—Parliament's lower house, where governments are formed—while allegations he misused his allowances for taxi fares are investigated. He denies the charges.

Ms. Gillard depends on backing from the Greens Party and a clutch of nonparty lawmakers to maintain her minority government in office. Mr. Slipper's decision will make it more difficult for her to pass legislation in the lower house and will leave her vulnerable to a no-confidence motion.

Sabrina

22nd April 2012, 21:54

and the story runs and runs ...whatever the real story is...

http://www.telegraph.co.uk/news/worldnews/northamerica/usa/9218062/Three-more-Secret-Service-agents-resign-over-prostitute-scandal.html
22 April

Three more Secret Service agents resign over prostitute scandal
Three more US Secret Service agents quit Friday over a sex scandal in Colombia, as President Barack Obama got his first briefing on the notorious incident by the agency's director.

The new resignations now bring to six the number of agents who have lost their jobs over claims that they brought prostitutes back to their hotel in the Caribbean resort of Cartagena, host for last weekend's Summit of the America's.
The Secret Service said in a statement announcing the resignations that a twelfth member of the elite protection agency had been implicated in the scandal, and been placed on administrative leave.

It said one employee had been cleared of misconduct, but would face administrative action.
It comes as a Colombian prostitute told how the refusal of one of the agents to pay her an agreed fee had led to the scandal coming to light.......

The US military earlier said it was investigating 11 service members linked to the scandal in Colombia that was a huge diplomatic embarrassment and tarnished the image of the Service.

The Pentagon had initially said five troops were implicated and later said there were 10 suspects.
Six suspects were from the US Army's 7th Special Forces Group, two from the Marine Corps, two from the Navy and one from the Air Force, said a spokesman for US Southern Command, which oversees forces in Central and South America.

As the investigation was still under way, the spokesman could not say why another suspect had emerged.

An Air Force colonel in charge of the investigation flew to Colombia on Monday to gather facts in the case and was due return to the United States probably over the weekend. He then will interview the suspects.

About 20 prostitutes were allegedly brought to the hotel, according to an account from Senator Susan Collins, who was briefed by the Secret Service.

Lawmakers say the incident raised serious questions about security and the work of the Secret Service, the president's elite protection squad.

modwiz

22nd April 2012, 22:16

Sabrina

23rd April 2012, 06:47

More fight backs seem to be emerging across the world. A different story, and I can't find it in the press, but heard on BBC radio that a group of Greeks are taking their government to the International Court re: the living conditions being imposed on them by the financial cuts. People are waking up! (some anyway).... S

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9219749/City-funds-prepare-assault-on-excessive-executive-pay.html
23 April UK
City funds prepare assault on excessive executive pay
Pay packages for executives in Britain’s biggest companies have escalated out of all proportion to their financial performance or value to society, some of the City’s most powerful investors warn today.

A coalition of pension funds and asset managers, who together control more than £1.5 trillion of investments, hits out at “disproportionate” rises in bonuses and calls for companies to “claw back” unwarranted payouts.
In a letter to The Daily Telegraph, the groups, which include Europe’s biggest fund manager, warn that they are prepared to use their votes to block excessive pay deals in the coming months if need be.
They single out for criticism the way in which big bonuses have come to be viewed as “entitlements” rather than rewards for success.

And they warn that executive pay policies in some companies have become “dominated” by the belief that they must pay the same as their rivals irrespective of performance.

The intervention follows a call from charities and churches last week for curbs on excessive executive pay in the wake of a string of public outcries over so-called “rewards for failure”.

Sabrina

23rd April 2012, 06:54

http://americankabuki.blogspot.co.uk/2012/04/every-breath-you-take-federal-reserve.html

Every Breath You Take, The Federal Reserve Cover

3u2qRXb4xCU

Sabrina

23rd April 2012, 07:03

Interesting story at this time.

http://www.reuters.com/video/2012/04/21/japan-forgives-myanmar-debt?videoId=233733117&videoChannel=117760

Japan forgives Myanmar debt (1:00)
Apr. 21 - Japan has wiped away $3.7 billion in debt owed by Myanmar, part of efforts to help the impoverished southeast Asian country make the transition to democracy.

But perhaps this explains it, as country is rich in natural resources...

http://www.usnews.com/news/world/articles/2012/04/21/japan-to-forgive-37-billion-of-myanmars-debt

Sabrina

23rd April 2012, 07:17

http://www.cmn.tv/news/michael-tellinger-takes-on-the-big-banks/?utm_source=Facebook&utm_medium=social&utm_campaign=WordSocial

South Africa

Michael Tellinger takes on the big banks
Comments (0)
April 22, 2012

Many of you will have seen our interviews with Michael Tellinger, especially the one on Contributionism. Michael is in the process of taking on the big banks in his native country of South Africa and we are posting this press release to spread the word and gain support for his work.

Please click the link to the website and pledge your support.

Constitutional Court Action Against
Standard Bank;
and The South African Reserve Bank;
and The Minister of Finance.

Global history will be made on Friday 20th April 2012, at 11am in Braamfontein, Johannesburg when Michael Tellinger will deliver his petition regarding the unscrupulous activity of the banks, particularly Standard Bank, to the Constitutional Court.

Tellinger will also serve the NOTICE OF MOTION on the RESERVE BANK and the MINISTER OF FINANCE on the same day. There is hardly any South African who has not been harmed in some way by the actions of the banks. For too long have banking giants been unassailable and untouchable by the common man.

This is an historic event in South Africa and the rest of the world where for the first time a layperson has been given direct access to petition the Constitutional Court regarding the devious activities of the banks. The people of South Africa and members of the media are invited to report on this historic event.

This case may have started as a matter of principle for Michael Tellinger against STD Bank, but it has escalated to such a degree that every South African and everyone in the world could be affected, because a positive outcome will result in a major public policy shift and the changing of the laws that govern the banks.

Tellinger will argue that the lack of control and intervention by the MINISTER OF FINANCE has allowed the banks and the RESERVE BANK to do as they please with impunity and without recourse by the citizens, and in the process have enslaved millions of honest, hard-working South Africans to a life of misery and debt through a the banks’ malicious activities.
This historic landmark case will attempt to redress the imbalance that has taken place for centuries by the few that have been called the banking elite. The Constitutional Court is the highest court on constitutional matters, its very foundation being the protector of human rights and democracy.

The Court is mandated to bring legislation in par with the constitutional framework principles and to develop common law principles. The legacy follows that of Nelson Mandela’s vision, that no matter who or what you represent, equality, justice and the people’s voice shall be harmonised before an independent, unbiased judicial system founded on the principles of rights enshrined in the Constitution.

This case will be a challenge for the Constitutional Court, and we trust that it will make its findings proper, considering all the facts to redress the laws and do whatever it needs to do, to redress the hardship of the people caused by financial abuse, and to harmonise the future of financial entities.

But this case will also need the moral support of as many people as possible in support of Tellinger’s appeal. So that it truly represents millions of honest, hardworking and trusting citizens who have been unable to do so for themselves, continuously being frustrated by the invisible protective legal shield around the banks, and the legal system that seems to support the banks.

“Many people carry severe personal grudges against the banks that have done them financial harm, but most people are completely oblivious to how they have been conned and deceived by their banks about money and how it is created” Said Tellinger.

“But once they find out the terrible truth about how banks really operate and how they use our signature to profiteer on us, and how they make money out of thin air, they will be very angry and realise how important this action against the banks is” he added.

Tellinger urges each and every South African to read as much about this case as possible to inform themselves and to join the petition of signatures that will represent the rest of the people. Please go to www.thebigcase.co.za and sign the petition page.

Michael Tellinger will address members of the media and the public who are present on the steps of the Constitutional Court around 11am Friday 20th April 2012, immediately after the documents have been delivered on the Constitutional Court.

Details of the hearing will follow as soon as we have been allocated a date by the court. We will keep everyone informed on the above website .

For more information contact Michael Tellinger at michael@zuluplanet.com

Sabrina

23rd April 2012, 07:25

http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

Derivatives: The Unregulated Global Casino for Banks

SHORT STORY: Pick something of value, make bets on the future value of "something", add contract & you have a derivative.
Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill.
This visualizes the total coverage for derivatives (notional). Similar to insurance company's total coverage for all cars.

LONG STORY: A derivative is a legal bet (contract) that derives its value from another asset, such as the future or current value of oil, government bonds or anything else. Ex- A derivative buys you the option (but not obligation) to buy oil in 6 months for today's price/any agreed price, hoping that oil will cost more in future. (I'll bet you it'll cost more in 6 months). Derivative can also be used as insurance, betting that a loan will or won't default before a given date. So its a big betting system, like a Casino, but instead of betting on cards and roulette, you bet on future values and performance of practically anything that holds value. The system is not regulated what-so-ever, and you can buy a derivative on an existing derivative.
Most large banks try to prevent smaller investors from gaining access to the derivative market on the basis of there being too much risk. Deriv. market has blown a galactic bubble, just like the real estate bubble or stock market bubble (that's going on right now). Since there is literally no economist in the world that knows exactly how the derivative money flows or how the system works, while derivatives are traded in microseconds by computers, we really don't know what will trigger the crash, or when it will happen, but considering the global financial crisis this system is in for tough times, that will be catastrophic for the world financial system since the 9 largest banks shown below hold a total of $228.72 trillion in Derivatives - Approximately 3 times the entire world economy. No government in world has money for this bailout. Lets take a look at what banks have the biggest Derivative Exposures and what scandals they've been lately involved in. Derivative Data Source: ZeroHedge

full story and graphics at the link

Sabrina

23rd April 2012, 07:33

http://www.banglanews24.com/English/detailsnews.php?nssl=4a11d6352175e2c16fa7c264092942a0&nttl=2304201239643&toppos=1

23 Apr 2012 12:09:46 PM Monday BdST

Sohel Taj resigns as MP
Parliament correspondent
banglanews24.com

DHAKA: Awami League (AL) lawmaker and former state minister for home Tanjim Ahmad Sohel Taj resigned as parliament member on Monday.

A confidential parliament source confirmed banglanews about the matter on Monday.

According to source, Sohel’s additional personal assistant Abu Kawsar sent the resignation letter to the speaker’s office at about 10:30am.

However, acting parliament secretary Mahfujur Rahman said that he knew nothing in this regard.

Earlier, Sohel Taj, son of country`s first Prime Minister Tajuddin Ahmed, sent a letter to cabinet secretariat asking why a huge amount of money was sent to his account after two and a half years and why no gazette notification on his resignation was issued.

Sabrina

23rd April 2012, 07:37

http://www.crikey.com.au/2012/04/23/ruperts-tactics-just-his-old-obfuscation-tricks-wrapped-up-in-tweets/

Monday, 23 April 2012

Rupert’s tactics just his old obfuscation tricks wrapped up in tweets
by Glenn Dyer

Rupert Murdoch was up to his old tricks at the weekend, this time diverting attention from pressure that is about to be applied to himself and son James in London.

Observers of Rupert have noticed down the years that whenever he’s under pressure in an interview (such as before the House of Commissions Committee investigating phone hacking last year), Rupert will come up with a comment on someone or something, or an outrageous remark that switches the focus to whatever he said, rather than the issue at hand.

In last year’s appearance before the Commons Committee, Murdoch was assisted by the grandstanding idiot who attempted to assault him with a cream pie, and then by wife Wendi who whacked the cream-pie man, thereby diverting attention away from the obfuscation that Murdoch was trying to baffle the committee with.

So it was no surprise then that Murdoch returned to Twitter at the weekend (as he has done twice earlier this year) to remind us that the old obfuscator was back on deck. He ridiculed the UK government’s “mad” plans to lend more money to the International Monetary Fund and criticised its energy, education and tax policies: all this on Saturday after arriving in London ahead of his appearance at the Leveson inquiry on Wednesday.

His first target was Britain’s pledge of nearly £10 billion pounds to help the IMF tackle any fallout from the eurozone crisis, as well as a new tax on hot takeaway snacks put forward by finance minister George Osborne. (That’s old news, it was in the UK budget in March and has festered as a low-key political story). The story involves the government’s so-called “pasty tax”, a new levy that means freshly baked hot food (such as a pasty) sold in any shop will for the first time incur the VAT sales tax.

“Back in Britain,” Murdoch said in one message. “Govt sending IMF another ten bn to the euro. Must be mad. Not even U.S. or China chipping in. Same time taxing hot food.” Rupert is obviously a gourmet and wants to protect the tax-free hot pasty.

And the money for the IMF is for a “firewall that could protect Murdoch’s main European TV markets in Italy and Germany. In Italy, Sky Italia is the country’s major satellite broadcaster, and in Germany, is struggling but growing. An IMF financial firewall, backed by money from the UK and Australia, plus China, Brazil and other countries, would help stabilise the eurozone and protect Murdoch’s media interests. That’s a rare example of Murdoch not understanding where his best interests lie and preferring the jibe to the clever quip.

And, last week saw business as usual in Germany where the financially strapped Sky Deutschland (49.9% by News Corp), grabbed a greater share of the country’s first division soccer competition, paying nearly double the amount.

Sky retained key broadcasting rights to main matches in the German Bundesliga. Sky Deutschland currently pays between €225 million ($US295.7 million) and €275 million a season for a package that includes rights for live Bundesliga broadcasts via satellite and cable. It will pay €485.7 million under the new deal, which includes rights to more platforms, including — IPTV — as well as web and mobile TV.

In another comment, Murdoch attacked the government over the building of wind turbines to generate greener energy. “English spring countryside as beautiful as ever if and when sun appears! About to be wrecked by uneconomic ugly bird killing windmills. Mad.” That has been going on now for the best part of the past decade, so Murdoch is late to an issue, as usual (when it suits him).

And he then criticised the state of publicly funded education in the UK as a “crime against the young”. “Only one answer, really fix public education and give everyone equal opportunity,” he Tweeted. News Corp has a growing education testing and resources business, so there’s the usual conflict of interest for Murdoch.

Of course there was no comment about the latest arrests last week of the former royal editor of The Sun over a corruption charges. Nor was there any remarks on Twitter of a surge in the number of new civil claims for damages over alleged News of the World phone hacking: 46 more cases were disclosed in the UK High Court on Friday.

London papers reported that at a case management conference at the High Court in London on Friday, Hugh Tomlinson, QC, representing victims of alleged phone hacking, told Mr Justice Vos that he had 44 new cases filed while two others had submitted their claims via another legal representative. And the court was told that a further 200 new claims will be filed over the coming months.

The new cases are part of a second wave of civil actions following the settlement of more than 50 cases earlier this year including claims by Jude Law, Charlotte Church and Lord Prescott.

The court was told by Tomlinson that News International had received 100 requests for discovery of preliminary disclosure. He said there were 4791 potential phone-hacking victims, of which 1892 had been contacted by the police. The police believed 1174 were “likely victims”.

Murdoch is expected to appear for at least six hours of questioning before Mr Justice Leveson next Wednesday night, our time. He will be under oath. That will be interesting. Son James appears the day before. This morning’s Guardian has a good backgrounder on Robert Jay QC, the man who will do the questioning on behalf of the inquiry.

The Ruperster clearly blames the UK government of Prime Minister David Cameron for the pressure on himself, son James and the company over the hacking and bribery allegations, and not his slack management and trusting courtiers like Les Hinton and Rebekah Brooks. Murdoch clearly feels that Cameron should have protected Murdoch and News in exchange for the support his papers gave the Conservatives (but not the coalition partners, the Liberal Democrats) at the last election.

It’s an odd world view inside that 81-year-old head, but he’s still as cunning as ever.

Rogerc

23rd April 2012, 07:39

Sabrina

23rd April 2012, 11:12

http://uk.reuters.com/article/2012/04/23/uk-markets-britain-stocks-idUKBRE83M0BF20120423

LONDON | Mon Apr 23, 2012 9:39am BST
Commodities, banks lead FTSE drop on Euro zone jitters

(Reuters) - Britain's top shares dropped in early trade on Monday, led lower by banks and commodity stocks as euro zone debt jitters exacerbated by a political crisis in the Netherlands and French election results sapped demand for riskier assets.

In France, results from the first round of a presidential election showed Socialist candidate Francois Hollande marginally ahead of incumbent Nicolas Sarkozy. Some analysts said a defeat for Sarkozy in the May 6 second round could weaken cooperation between France and Germany in dealing with the debt crisis.

The Netherlands, a core euro zone member, was drawn into the crisis at the weekend when its government failed to agree on budget cuts, making elections almost unavoidable and casting doubt on its support for future euro zone measures.

"With Holland being one of the cornerstones on which the euro zone was founded, rejection of austerity measures there has amplified ramifications for the rest of the euro zone," said Mike McCudden, Head of Derivatives at Interactive Investor.

"More market talk of the dominoes taking their positions for the fall, with the spotlight cast over Spain and now Holland, has investors taking flight this morning as there is little news in the global picture to provide comfort."

Could someone give those dominoes a kick...S

Sabrina

23rd April 2012, 19:20

http://www.independent.co.uk/news/world/europe/dutch-government-collapses-after-economic-talks-fail-7670130.html
23 April

Dutch government collapses after economic talks fail

The Dutch government, one of the biggest critics of European countries failing to rein in their budgets, has resigned after disagreeing on a plan to bring its own deficit in line with EU rules.

Queen Beatrix accepted the resignation of prime minister Mark Rutte and his cabinet after a meeting in which he told her talks on a new austerity package had failed over the weekend.

Mr Rutte will address parliament on Tuesday to discuss interim measures to keep public finances in order and schedule new elections. No date for elections was immediately announced, but opposition MPs called for a vote as soon as possible.

The collapse came a day after the first round election victory of France's soft-on-austerity socialist candidate Francois Hollande. It calls into question whether austerity policies that are causing trauma in countries such as Greece, Spain and Portugal can be enforced even in "core" European countries such as France - or the Netherlands, one of the few along with Germany to maintain an AAA credit rating.

Mr Rutte's hopes to clinch a deal to cut the target below the EU's 3% target evaporated on Saturday, when his most important political ally, populist eurosceptic Geert Wilders walked out of the talks, saying a slavish adherence to European rules was foolish and would harm the Dutch economy.

That view is shared by some, such as the government's own Central Plan Bureau, and opposed by others, such as Dutch Central Bank President Klaas Knot.

Finance Minister Jan Kees de Jager insisted he still plans to submit an outline budget to Brussels by April 30, as mandated by European rules.

Opposition MPs say they are prepared to work with Mr Rutte to draw up a 2013 budget.

However, Diederik Samsom, leader of the opposition Labour Party, signalled he would not insist on bringing the Dutch deficit back in line with EU norms next year.

Although the Netherlands has relatively low levels of national debt, its economy is in recession and it is expected to post a deficit of 4.6% in 2012.

Alie

23rd April 2012, 23:49

Last night on 60 MINUTES I heard (didn't watch) that they did an expose on Lehman Brothers going bankrupt and exposed the fact that they manipulated $50 Million (hid it in Caribbean) so they could go bankrupt. Don't know what the public reaction to this was/is but that's pretty mainstream.

Sabrina

24th April 2012, 06:32

Wal-Mart faces big fines amid bribery charges

By ANNE D'INNOCENZIO, AP Retail Writer – 24 April

NEW YORK (AP) — Allegations that Wal-Mart Stores Inc. covered up the findings of an internal probe that proved its Mexican subsidiary bribed officials in that country could have huge implications for the world's biggest retailer and its executives.

The alleged bribery scheme was revealed by The New York Times, which reported that Wal-Mart failed to notify law enforcement after the company's investigators found evidence of millions of dollars in bribes given to Mexican officials in exchange for getting building permits faster and other favors to help it aggressively expand in the region.

Two Democratic U.S. congressmen Elijah Cummings and Henry Waxman said on Monday that they were launching an investigation into the matter, and they sent a letter to CEO Mike Duke asking for a meeting. And The Washington Post reported late Monday that the U.S. Department of Justice has been conducting a criminal probe of the allegations since December, citing people familiar with the matter.

If Wal-Mart is found to have violated the Foreign Corrupt Practices Act, which forbids paying bribes to foreign officials, the company could face fines of hundreds of millions of dollars. Top Wal-Mart executives could lose their jobs — or worse, go to jail. And the retailer could suffer a public relations nightmare if a lengthy investigation ensues.

"Unlike prior bad PR stories in recent years, this will be a material distraction for Wal-Mart on multiple fronts," said Charles Grom, a retail analyst at Deutsche Bank.

The Times reported on Saturday that a former company executive in 2005 told Wal-Mart top brass about a bribery campaign that was used to help the retailer expand in Mexico. The paper said Wal-Mart officials launched an investigation into its Wal-Mart de Mexico subsidiary, but shut down the probe despite a report by its lead investigator that Mexican and U.S. laws likely were violated.

In December, Wal-Mart said in a filing with the Securities and Exchange Commission that it had begun an investigation into an overseas operation related to its compliance with the foreign corrupt practices law. Over the weekend, the company revealed that it had met with officials from the SEC and the Justice Department to discuss the company's ongoing investigation. But, according to the Times, Wal-Mart only did so after being informed that the paper was looking into the allegations.

"We are committed to getting to the bottom of this matter," Dave Tovar, a Wal-Mart spokesman, said in a statement.
The Justice Department and the SEC declined to comment for this story. But legal experts say if there is a government investigation into the bribery allegations, the results could vary widely. In recent probes into corporations— and their executives — the penalties for violating the foreign corruption law have ranged from big fines for the companies to jail time for the executives.

Sabrina

24th April 2012, 06:37

http://www.telegraph.co.uk/finance/financialcrisis/9221954/Billions-wiped-off-Europes-biggest-companies-as-political-rebellion-rocks-eurozone.html
24 April
Billions wiped off Europe's biggest companies as political rebellion rocks eurozone

More than £122.3bn was wiped off the value of Europe's biggest companies on Monday amid fears that the eurozone's commitment to austerity was being swept away by political rebellion - just as its debts hit record levels.

Stockmarkets plunged as traders panicked that Angela Merkel could lose her key allies in France and the Netherlands and that the debt crisis rescue plans could unravel.

The Dutch prime minister Mark Rutte, who is one of the eurozone's "hardliners" on fiscal discipline, dramatically quit in the wake of his coalition's refusal to accept Europe's debt pact. Snap elections could be called as early as June.

Traders were also rattled by Francois Hollande's victory over Nicolas Sarkozy in the first round of the French presidential election. The socialist Mr Hollande has vowed to renegotiate the fiscal pact that including a 3pc of GDP deficit limit.

The political concerns were compounded by data that showed eurozone debt has hit 87.2pc of GDP - the highest level since the launch of the single currency in 1999. Eurostat said that the 17 eurozone members had reduced their deficits from 6.2pc of GDP in 2010 to 4.1pc in 2011 - but overall debt levels had risen by 1.9pc.

Spain, meanwhile, officially sank back into recession as the economy shrank 0.4pc in the first quarter of the year, and German manufacturing shrank at its fastest rate for three years in March. The French composite PMI also fell, according to Markit.

By the end of the day, the Stoxx Europe 600 index has sunk 2.3pc to its lowest level for three months. The German Dax dropped 3.4pc, while France's CAC and Spain's Ibex were down 2.8pc each. In London, the FTSE 100 closed down 1.9pc. In the US, the Dow closed down 0.8pc, the S&P 500 lost 0.8pc and the Nasdaq shed 1pc.

Borrowing costs for the core "sinner states" of Spain and Italy rose back towards "unsustainable" levels. French borrowing costs also rose, widening the spread between oats and German bunds to a record 146.9 basis points. The euro fell almost 1pc against the dollar.

The ECB's bond-buying programme went unused for the sixth week in a row last week, the central bank said. But Brussels moved to reassure markets that the fiscal pact, which Ms Merkel said would "last forever", was still intact.

Sabrina

24th April 2012, 06:44

http://news.egypt.com/english/permalink/106780.html
24 April Egypt

A number of Nour Party members resigned from the party, protesting "the party's failure to manage political issues, and not expressing the concerns of the street."

The secretary general of the party, Hesham Abul Nasser, the head of the economic committee, Hassan al-Zayat, and the deputy secretary general of the party in Giza, Mahmoud Radwan, handed in their resignations. A party leader said the resignations were meant to be propaganda.

An MP for the party, Nezar Ghourab, resigned due to the party ignoring the crisis of Abu Ismail's disqualification from the presidential race. Secretary General of the media committee in Alexandria, Rehab Sabry, resigned in protest of the party's method of handling political files in the media, confirming that he will go back to preaching and that he will abandon politics.

Zayat said that there are a lot of unannounced resignations from the party, due to fatwas inside the party that prohibit resignation from religious parties. He justified his resignation by the party's dependence on Salafi Dawah, which controls all its decisions.

The party has no right to express its opinion in any case without reference to the Salafi sheikhs who have no political experience, thus all the decisions by the party become wrong, he added.

Nour Party leader Radi Sharara said resignations are meant for the media, adding that he did not receive official resignations.

There is a crisis in the party due to the elimination of Abu Ismail from the presidential race, but this crisis will not last, he added.

Sabrina

24th April 2012, 06:54

http://www.guardian.co.uk/world/2012/apr/23/iceland-geir-haarde-found-guilty

Iceland ex-PM Geir Haarde found guilty of banking crash failure

Former prime minister neglected to hold emergency cabinet meeting. But court clears him of more serious charges

Geir Haarde, the former prime minister of Iceland and the only politician in the world to face prosecution for his role in the 2008 financial crisis, has been found guilty of failing to hold emergency cabinet meetings in the runup to the crisis. But he was cleared of three more serious charges, which could have jailed him for two years.

Haarde, who served as prime minister between 2006 and 2009, had pleaded not guilty to all the charges, including gross negligence over the government’s failure to prepare for the impending disaster.

Haarde attacked the guilty verdict as “absurd”, and accused the judges of bowing to political pressure. “It is obvious that the majority of the judges have found themselves pressed to come up with a guilty verdict on one point, however minor, to save the neck of the parliamentarians who instigated this,” he said outside the country’s specially convened Landsdómur criminal court in Reykjavik.

Haarde was the first person in history to stand trial at the 15-judge court, which was created in 1905 to hear any charges brought against ministers.

Haarde fell from power after the country's three biggest banks collapsed, the country's economy went into meltdown, and the government was forced to borrow $10bn (£6.3bn) to prop up its economy.

During the trial, he said: "None of us realised at the time that there was something fishy within the banking system itself, as now appears to have been the case.

"I think it's illogical to think that I or anyone else in the government could have reduced the size of the banks to a greater extent than was done at the time."

Haarde was instrumental in transforming Iceland from a fishing and whaling backwater into an international financial powerhouse before the credit crunch caused the economy to crash almost overnight.

He was accused of failing to rein in the country's fast-growing banks, whose paper value before the crash had ballooned to 10 times the gross domestic product of the island state of 320,000 people.

The country's three biggest banks – Glitnir, Kaupthing and Landsbanki – went bust within weeks of each other after the collapse of Lehman Brothers in the US sparked the credit crunch, in 2008.

Haarde, 61, was also cleared of charges related to his failure to prevent the contagion from spreading to the UK by not insisting that Icelandic banks ringfence their overseas operations. The crisis sparked a diplomatic row with the UK as the demise of Landsbanki brought down its British internet banking arm, Icesave, leaving British councils, universities and hospitals more than £1bn out of pocket.

Gordon Brown, the prime minister at the time of the collapse, accused Haarde of unacceptable and illegal behaviour over its failure to guarantee to reimburse UK customers of the bank. The British government stepped in to protect most savers, at a cost of £3.2bn, but it is continuing to demand compensation from Iceland to cover the cost.

The crisis also led to the demise of the British retail investor Baugur, which owned stakes in House of Fraser, Debenhams and Woolworths.

¤=[Post Update]=¤

Doyle quits as Zurich CEO

Breaking News, 20 April 2012

Zurich CEO Shane Doyle today announced his resignation from the company.

While no official reason has been given at this point for the move, a reliable source told insuranceNEWS.com.au Mr Doyle’s decision to resign was “a personal decision based on a change in career direction”.

Mr Doyle told Zurich staff around Australia of his decision earlier this afternoon.

A Zurich spokesman told insuranceNEWS.com.au Mr Doyle will leave the company by September 30 “to take up a new opportunity”.

“It’s business as usual and the search for a successor has begun,” she said.

Sabrina

24th April 2012, 07:00

More on the Dutch cabinet collapse:

http://www.dutchnews.nl/news/archives/2012/04/political_crisis_dispute_over.php
24 April

Political crisis: dispute over election date continues, parliament meets

Tuesday 24 April 2012 Netherlands

Parliament will meet on Tuesday afternoon to discuss the collapse of the cabinet and the government's finances amid continued uncertainty about the date of the next election.

The electoral council said on Monday evening it considered September 5 to be the first possible date for a general election, but a majority of MPs say June 27 would be a better date.

The cabinet is responsible for taking the final decision on when the country should go to the polls. Under electoral law, after the collapse of the government there are 40 days for new candidates to come forward, followed by a further 43 days of campaigning.

Early elections

Supporters of early elections – the VVD, SP and PvdA – are all performing well in the polls. The other parties want more time to draw up an election manifesto, choose a campaign leader, organise a party congress and compile a list of potential MPs.

The Christian Democratic party, which is struggling in the polls, is also concerned about an early date because it does not have an official party leader. Maxime Verhagen, acting chief since the last election, has already said he will not be a candidate.

Meanwhile, all parties in parliament have said they are willing to work to put together a budget for 2013. Brussels wants clarity on the Netherlands' spending plans by the end of the month, in line with monetary union rules.

Finances

Prime minister Mark Rutte tendered his resignation to queen Beatrix on Monday afternoon, following the collapse of talks aimed at restoring order to the government's finances.

Geert Wilders, leader of the anti-immigration PVV, pulled out of the negotiations on Saturday, saying the impact of the spending cuts ‘ordered by Brussels’ was too great.

KiwiElf

24th April 2012, 07:01

How fast the domino's are falling ;)...

Limor Wolf

24th April 2012, 09:14

Ah sack me and I can go to bed :)...(want my bonus tho')....

Thats a one resignation I WOULD NOT like to see. Thank you very much Sabrina, for all your effort, this investment will eventually pay off, not in money but with Justice.

Cheers

Sabrina

24th April 2012, 13:59

http://kauilapele.wordpress.com/
Bix Weir via Kauliapele's blog:

A Note from the Bix Weir… “Turning The Tables on the “Doubters”…PROVE IT!!!”
Posted on April 23, 2012
I now receive email updates from Bix Weir (www.roadtoroota.com), and just received the one I am posting below.

Remember that David Wilcock, in the Drake interview and his transcript of that interview, pointed out how some folks often look at any idea or article or evidence that says, “‘Good’ things really are happening for us… now!!” And then think or say or write, “That MUST be wrong.” No matter what it is, and no matter any evidence to the contrary. A completely negative, dark view like that, in my mind, simply assists the dark (the shadows) in hanging around just a little bit longer. Personally, I have no time for such views, and have no time for such people in my consciousness space.

So looking at what those “negative view of it all” folks often say, I felt this message from the Bix was appropriate to post.

—————————————————————————

Turning The Tables on the “Doubters”…PROVE IT!
by Bix Weir

“May you live in interesting times”…a Chinese curse :-o
http://en.wikipedia.org/wiki/May_you_live_in_interesting_times

This weekend I’ve been knee deep in analyzing all the “Conspiracy Theories” about the Good Guys taking out the Bad Guys and where it’s all going. It was supposed to be in the Friday Road Trip but I have clearly missed my own deadline. Should be out early next week.

But what I am coming across is a plethora of articles lately slamming the Conspiracy Theories and telling people to “give up the ghost” and wake up to the reality that we are 100% screwed no matter what happens. They claim that facing the reality of poverty, death and destruction is the only honest way to see the future and to “grow up and deal with it”.

So here’s what I have to say them…PROVE IT!

Prove that there isn’t a group of Good Guys working to take down the Banking Cabal. Prove that we are not about to return to a Gold Standard. Prove that our future is not full of hope and recovery. Prove the we are wasting our time and energy putting faith in the likes of Drake, Fulford, Wilcock and Roota!

That’s what the world made me do when I first discovered there was a plan to end the reign of the Banking Cabal! I spent the last 10 years PROVING IT and I’ve come up with mountains of evidence and connections:

The Road to Roota Theory
http://www.roadtoroota.com/public/190.cfm

I was attacking the status quo of the Conspiracy Theories and everyone threw the gloves down and said “Before we believe you – you have to prove it.” Those who have followed my work and research have come to the conclusion that I am right….there IS a group of Good Guys that are working to take down the Bad Guys.

So now it’s their turn.

PROVE IT!

Don’t just say that all these people are lying and we shouldn’t believe them. Don’t just say that it’s all misinformation and is harmful to get peoples hopes up.

PROVE IT!
PROVE IT!

What gives them the right to throw a blanket claim over all the Conspiracy Theories that we are about to take the Bad Guys down without any proof that it is NOT happening? The world didn’t let GATA off the hook 13 years ago when they said Gold was being manipulated…they had to prove it. And they did.

So now it’s their turn. Anyone who claims that there is not a plan to take down the Bad Guys…

PROVE IT!

I had to.

May the Road you choose be the Right Road.
Bix Weir
www.roadtoroota.com

Sabrina

24th April 2012, 14:11

http://eclinik.wordpress.com/2012/04/22/message-from-drake-to-the-patriots-april-22-2012/

Cabal Takedown Advisory: Get Everyone Ready!

We were waiting for that “final advisory” from Drake before the final takedown of the Dark Cabal. We feel this could be it. This update came after the reported attempt to plunder Philippine Gold cloaked as military exercise Balikatan 2012 held in Palawan and Fort Magsaysay, Philippines.

Previously, Drake indicated that “scrambling of patriots” are ongoing which means mass arrests are imminent.

At the header of this site is the latest conversation with Drake » http://www.wolfspiritradio.com/main/ [click the play button of the audio player]

Here’s Drake interview last April 22, 2012 at Wolf Spirit Radio » http://k002.kiwi6.com/hotlink/416dfnsz0e/15_wolf_spirit_radio_drake_deatra_on_wolf_spirit_radio_4_22_2012_edited.mp3

Here’s the latest Ben Fulford update for 23rd April 2012 » Major confrontations in South China Sea as desperate cabal tries to steal Asian gold deposits

___

Sunday, April 22, 2012

Message from Drake to the Patriots

MESSAGE from Drake: To ALL, I have requested/asked to contact everyone I know, now it is your turn.

Because of the many places that can be hit by the bad guys, I have been asked IF you all would like to help out? IF so, there are several things that are needed.

1- Deploying scouts as best you can. These need to have radio com to someone who is listening. Yes, cell phones are ok, but if a cell tower goes, the phone is worthless…a radio is suggested.

Infrastructure is The target.

-With enough eyes, any funny business can be seen, reported, and the militia can be back up. Unless, it is obvious that those acting funny are a demo team. Then a quick deployment is critical. At the same time as you deploy, be sure the local Sheriff/law enforcement is notified AND that a group of you are enroute and will meet up with them or effect action.

2- You may be asked to secure certain places, power substations, etc. You will be contacted, most likely by a field officer in this event. A local patrol or other standing military…

3- See if one of you can obtain a military band radio. This will allow you to know what is going on and respond accordingly…

I am hoping that this is a peaceful event, BUT I would expect everyone to be ready in case it is not.

I am posting this to all groups I have contact with.

http://wramsite.com/forum/topics/insider-claims-imminent-mass-arrests-of-globalists-bankers-and?xg_source=activity&id=3567481:Topic:1276970&page=10#comments:wizard:
—
One of the significant sources of funds for the Cabal is the healthcare industry which registered a whopping $2.7 trillion in 2011, and are projected to soar to $3.6 trillion in 2016, in the US alone. We believe that this is just a conservative figure.

You can join the fight against the Dark Cabal and accelerate its demise just by boycotting Big Pharma. You can effectively do this by downloading “Towards Healthcare Emancipation“, a fully illustrated do-it-yourself instructional eBook that will help you in implementing all eClinik methods that would negate the use of expensive medicine, avoid radioactive diagnostics and treatments in completely defeating cancer, AIDS and all other parasitic diseases. These methods, when faithfully followed, work 100% all the time. Find out more about this here.

Sabrina

24th April 2012, 14:19

http://www.novinite.com/view_news.php?id=138779
24 April Bulgaria

Deputy Chair of Bulgaria's Financial Supervision Commission Resigns

Dimana Rankova, Deputy Chair of the Financial Supervision Commission (FSC) in charge of the Investment Activity Supervision unit, has resigned.

The resignation was submitted Tuesday in Parliament, which is to nominate Rankova's successor.

She was appointed Deputy Chair of the FSC for a five-year term in office on July 15, 2010.

No official motives have been presented for the resignation.

Sources close to the matter have attributed the move to intra-institutional disagreements.

Sabrina

24th April 2012, 14:29

http://dealbook.nytimes.com/2012/04/23/tainted-but-still-serving-on-corporate-boards/?ref=global
23 APril

‘Tainted,’ but Still Serving on Corporate Boards
BY ANDREW ROSS SORKIN

Joshua Roberts/Bloomberg News

When David M. Poppe sat down a little over a week ago to write a letter to his investors, he knew he was taking an unusual step.

Mr. Poppe, who manages money for the Sequoia Fund, one of the most well-respected institutional investment firms in the country, made his letter public last Thursday, setting off a debate within the upper echelons of corporate boardrooms.

His letter, which he wrote with his partner, implored his firm’s investors to vote against the re-election of one of Goldman Sachs’s most prominent board members, James A. Johnson, a former chief executive of Fannie Mae. Mr. Poppe characterized Mr. Johnson’s tenure as being “at the center of several egregious corporate governance debacles.” Mr. Johnson also is a board member of Target, and Mr. Poppe also advises his investors to vote against his re-election if he is nominated again.

It may be surprising that the former chief of Fannie Mae still remains the director of a public company as prominent as Goldman Sachs and Target. But perhaps more surprising, many other executives who had tumultuous reigns are also board members of major public companies: Charles O. Prince III, the former chief executive of Citigroup, who resigned under pressure in 2007 amid huge write-downs at the bank, is a director of Xerox and Johnson & Johnson. E. Stanley O’Neal, the former chief executive of Merrill Lynch on whose watch the firm loaded up on subprime debt that almost bankrupted the company, is a director of the aluminum giant Alcoa.

And a number of other prominent executives could soon be added to that head-scratching list. Eduardo Castro-Wright, a vice chairman at Wal-Mart Stores who oversaw the company’s Mexico unit and was identified by a former executive there as being part of a bribery scandal that was recently uncovered by The New York Times, is a director at MetLife.

While we’re on the topic of bribery scandals, it’s worth pointing out that Andrea Jung, who recently stepped down as the chief executive of Avon amid a bribery investigation and financial struggles like declining sales, is a director of Apple. (She remains chairwoman of Avon, though it’s unclear how long she will stay.)

“It always surprises us when we see these directors without any questions being asked,” Paul Hodgson, senior research associate at GMI, a governance ratings firm, said generally of executives who oversaw failed companies or companies that were involved with scandals. “Shareholders are starting to wake up to this.”

Mr. Poppe said he and his partner, Robert D. Goldfarb, had been considering these issues for some time, but had rarely spoken out publicly. In the case of Mr. Johnson, they said that they had voted against him when he was up for re-election last year at the boards of Goldman and Target.

This year, Mr. Poppe said they decided to be more public, in part, because they were surprised that Goldman had nominated Mr. Johnson for re-election and felt he had “a longtime record of failure at public companies.” He cited Mr. Johnson’s role at Fannie Mae in the 1990s as helping to establish the problems that unfolded after he departed.

Mr. Johnson stepped down in 1999, but there has long been a debate about whether he was responsible for creating the culture that led to Fannie Mae’s failure. In fairness to Mr. Johnson, the vast majority of losses racked up by Fannie were the results of loans bought after he departed.

Mr. Poppe also cited Mr. Johnson’s board memberships at the UnitedHealth Group, in which the company’s chief settled claims of backdating stock options, and KB Home, in which its chief was convicted of felony charges for backdating.

Mr. Poppe noted that in both cases, Mr. Johnson was on the compensation committee. “What does that say?” he asked.

He then recounted a famous line from Warren E. Buffett: “I’ve been on 19 boards and they put me on one comp committee — and they regretted it. They’re looking for cocker spaniels, not Dobermans.”

Mr. Poppe added that he felt that when Mr. Johnson was on a board’s compensation committee, the executive pay had “been excessive.”

Mr. Johnson declined to comment.

Goldman Sachs, in a statement, said: “The board has recommended shareholders re-elect Mr. Johnson. He has served them well since 1999 and will continue to do so.” In the firm’s proxy, the company said, “Mr. Johnson offers deep insight into governmental affairs and the regulatory process, gained from, among other things, his tenure at Fannie Mae and his work with Vice President Walter F. Mondale, including as the vice president’s executive assistant.”

Mr. Poppe did concede, “I imagine he’s got a good Rolodex.”

But his letter raises an important question: Does an executive’s failed history at one company automatically disqualify him from serving on the boards of others?

Mr. Hodgson says directors who have been at companies with problems often argue to him “that going through an experience like that makes them a better board member.” He adds, “That’s the excuse we get.” He said that while there might be some merit to that argument for certain directors, most are “tainted” by the experience.

Surprisingly, at least to me, one person close to the Alcoa board praised the work of Mr. O’Neal, formerly of Merrill Lynch, during the summer and fall of 2008 during the peak of the financial crisis. This person, who was not authorized to speak publicly because board conversations are confidential, said that Mr. O’Neal’s intimate knowledge of the financial markets and the impending problems that financial firms were having allowed the company to make smarter decision about lines of credit. Mr. O’Neal, who saw that credit was drying up, urged Alcoa to take out longer-term loans that were more expensive, rather than shorter-term loans that some members of management were supporting.

As for Mr. Poppe, he said he did not buy that previous experience at a failed company should be considered a qualification for board membership.

In the end, he is not hopeful that he will win the vote to oust Mr. Johnson. After all, he said, most investors follow the recommendation of management.

“In terms of winning the vote, it’s tough,” he said. “We’ve gotten good feedback. But the phone isn’t ringing off the hook.”

Sabrina

24th April 2012, 14:35

http://professionalmanager.co.uk/debate/3658/james-murdoch-hurls-buck-at-employees-in-leveson-testimony/?utm_source=rss&utm_medium=rss&utm_campaign=james-murdoch-hurls-buck-at-employees-in-leveson-testimony

James Murdoch hurls buck at employees in Leveson testimony
Web Exclusive
Tuesday, 24 April 2012 UK

Murdoch Jr’s appearance at the Leveson Inquiry has featured an implausible mixture of reflected blame and double standards, writes Matt Packer

A lengthy drum roll elapsed this morning as 2012’s four-time board and leadership resignee James Murdoch appeared at the Leveson Inquiry.

Looking somewhat dishevelled compared to the razor-sharp, grade-one cut he sported at last summer’s father-and-son grilling before the Culture, Media and Sport Committee (you remember: back in the days when he still had some semblance of managerial control?), the News Corporation’s equivalent of a minister without portfolio held out against inquisitor Robert Jay’s suggestions that his meagre brand of governance had effectively rubber-stamped illegal phone hacking at the News of the World.

Instead of simply confirming what the management community already knows – that his coverage on News International’s legal affairs was, at best, threadbare – he chose to dump the blame for much of the fallout at the feet of former NI counsel Tom Crone and former NOTW editor Colin Myler for not keeping him up to speed on the level of exposure the paper was facing. This was an odd manoeuvre, to say the least – especially considering that Murdoch had already publicly admitted to ignoring a 2008 email that had warned him of that very risk.

So, with the “what you know” area of his skill set left every bit as tarnished as popular perception would suggest, Jay turned to the “who you know” part. In that section, Murdoch was every bit as frustrating – his circuits set to full-on Double Standard mode.

Pressing him on the build-up to News International’s abortive attempt to gain a controlling interest in BSkyB, Jay proposed that controversy over the bid had heightened once it became clear that Vince Cable – who would have decided the matter, were it not for a sting operation by the Telegraph – “had not approached the decision with an entirely open mind.”

Bristling at Jay’s tame characterisation, Murdoch pounced in to clarify that Cable “was removed from his position of responsibility for acute bias”. But when Jay later sought to engage with the thought that Cable’s replacement on the judicial decision – Culture secretary Jeremy Hunt – was, to all intents and purposes, a News International “cheerleader”, Murdoch was having none of it. He could not accept that the bias revealed in the Telegraph’s sting on Cable had its direct opposite in Hunt, who would almost certainly have approved the bid had it not been for the dramatic escalation of the phone hacking saga, following revelations that the News of the World had accessed the phone of murdered schoolgirl Milly Dowler.

In the same part of the morning’s session, it became clear that Murdoch had enjoyed a “tiny conversation” over the bid with Prime Minister David Cameron at a dinner organised by former NI chief executive Rebekah Brooks.

Well, that clears up the bias issue, then, doesn’t it?

Jay has spent the opening of the afternoon session mining the huge conflict-of-interest issue of how Jeremy Hunt could have been functioning as a de facto NI consultant on the BSkyB bid. Curiouser and curiouser…

wynderer

24th April 2012, 14:45

YvonneG

24th April 2012, 15:15

I love this. A friend sent over and I was thinking of posting it...glad you did!

Thanks!

http://kauilapele.wordpress.com/
Bix Weir via Kauliapele's blog:

A Note from the Bix Weir… “Turning The Tables on the “Doubters”…PROVE IT!!!”
Posted on April 23, 2012
I now receive email updates from Bix Weir (www.roadtoroota.com), and just received the one I am posting below.

Remember that David Wilcock, in the Drake interview and his transcript of that interview, pointed out how some folks often look at any idea or article or evidence that says, “‘Good’ things really are happening for us… now!!” And then think or say or write, “That MUST be wrong.” No matter what it is, and no matter any evidence to the contrary. A completely negative, dark view like that, in my mind, simply assists the dark (the shadows) in hanging around just a little bit longer. Personally, I have no time for such views, and have no time for such people in my consciousness space.

So looking at what those “negative view of it all” folks often say, I felt this message from the Bix was appropriate to post.

—————————————————————————

Turning The Tables on the “Doubters”…PROVE IT!
by Bix Weir

“May you live in interesting times”…a Chinese curse :-o
http://en.wikipedia.org/wiki/May_you_live_in_interesting_times

This weekend I’ve been knee deep in analyzing all the “Conspiracy Theories” about the Good Guys taking out the Bad Guys and where it’s all going. It was supposed to be in the Friday Road Trip but I have clearly missed my own deadline. Should be out early next week.

But what I am coming across is a plethora of articles lately slamming the Conspiracy Theories and telling people to “give up the ghost” and wake up to the reality that we are 100% screwed no matter what happens. They claim that facing the reality of poverty, death and destruction is the only honest way to see the future and to “grow up and deal with it”.

So here’s what I have to say them…PROVE IT!

Prove that there isn’t a group of Good Guys working to take down the Banking Cabal. Prove that we are not about to return to a Gold Standard. Prove that our future is not full of hope and recovery. Prove the we are wasting our time and energy putting faith in the likes of Drake, Fulford, Wilcock and Roota!

That’s what the world made me do when I first discovered there was a plan to end the reign of the Banking Cabal! I spent the last 10 years PROVING IT and I’ve come up with mountains of evidence and connections:

The Road to Roota Theory
http://www.roadtoroota.com/public/190.cfm

I was attacking the status quo of the Conspiracy Theories and everyone threw the gloves down and said “Before we believe you – you have to prove it.” Those who have followed my work and research have come to the conclusion that I am right….there IS a group of Good Guys that are working to take down the Bad Guys.

So now it’s their turn.

PROVE IT!

Don’t just say that all these people are lying and we shouldn’t believe them. Don’t just say that it’s all misinformation and is harmful to get peoples hopes up.

PROVE IT!
PROVE IT!

What gives them the right to throw a blanket claim over all the Conspiracy Theories that we are about to take the Bad Guys down without any proof that it is NOT happening? The world didn’t let GATA off the hook 13 years ago when they said Gold was being manipulated…they had to prove it. And they did.

So now it’s their turn. Anyone who claims that there is not a plan to take down the Bad Guys…

PROVE IT!

I had to.

May the Road you choose be the Right Road.
Bix Weir
www.roadtoroota.com

YvonneG

24th April 2012, 15:21

Very Good indeed Sabrina. I have not bought one pharma product for 15 years or more.

http://eclinik.wordpress.com/2012/04/22/message-from-drake-to-the-patriots-april-22-2012/

Cabal Takedown Advisory: Get Everyone Ready!

We were waiting for that “final advisory” from Drake before the final takedown of the Dark Cabal. We feel this could be it. This update came after the reported attempt to plunder Philippine Gold cloaked as military exercise Balikatan 2012 held in Palawan and Fort Magsaysay, Philippines.

Previously, Drake indicated that “scrambling of patriots” are ongoing which means mass arrests are imminent.

At the header of this site is the latest conversation with Drake » http://www.wolfspiritradio.com/main/ [click the play button of the audio player]

Here’s Drake interview last April 22, 2012 at Wolf Spirit Radio » http://k002.kiwi6.com/hotlink/416dfnsz0e/15_wolf_spirit_radio_drake_deatra_on_wolf_spirit_radio_4_22_2012_edited.mp3

Here’s the latest Ben Fulford update for 23rd April 2012 » Major confrontations in South China Sea as desperate cabal tries to steal Asian gold deposits

___

Sunday, April 22, 2012

Message from Drake to the Patriots

MESSAGE from Drake: To ALL, I have requested/asked to contact everyone I know, now it is your turn.

Because of the many places that can be hit by the bad guys, I have been asked IF you all would like to help out? IF so, there are several things that are needed.

1- Deploying scouts as best you can. These need to have radio com to someone who is listening. Yes, cell phones are ok, but if a cell tower goes, the phone is worthless…a radio is suggested.

Infrastructure is The target.

-With enough eyes, any funny business can be seen, reported, and the militia can be back up. Unless, it is obvious that those acting funny are a demo team. Then a quick deployment is critical. At the same time as you deploy, be sure the local Sheriff/law enforcement is notified AND that a group of you are enroute and will meet up with them or effect action.

2- You may be asked to secure certain places, power substations, etc. You will be contacted, most likely by a field officer in this event. A local patrol or other standing military…

3- See if one of you can obtain a military band radio. This will allow you to know what is going on and respond accordingly…

I am hoping that this is a peaceful event, BUT I would expect everyone to be ready in case it is not.

I am posting this to all groups I have contact with.

http://wramsite.com/forum/topics/insider-claims-imminent-mass-arrests-of-globalists-bankers-and?xg_source=activity&id=3567481:Topic:1276970&page=10#comments:wizard:
—
One of the significant sources of funds for the Cabal is the healthcare industry which registered a whopping $2.7 trillion in 2011, and are projected to soar to $3.6 trillion in 2016, in the US alone. We believe that this is just a conservative figure.

You can join the fight against the Dark Cabal and accelerate its demise just by boycotting Big Pharma. You can effectively do this by downloading “Towards Healthcare Emancipation“, a fully illustrated do-it-yourself instructional eBook that will help you in implementing all eClinik methods that would negate the use of expensive medicine, avoid radioactive diagnostics and treatments in completely defeating cancer, AIDS and all other parasitic diseases. These methods, when faithfully followed, work 100% all the time. Find out more about this here.

the_vast_mystery

24th April 2012, 17:27

crosby

24th April 2012, 20:59

i just found this article. was not sure where to post. but it an arrest, the beginning of the drake and comp., arrests? i do not know. but, it might be, so with that thought, i post it here;

http://www.washingtonpost.com/national/energy-environment/justice-dept-makes-1st-arrest-in-bp-oil-spill-ex-engineer-accused-of-obstruction-of-justice/2012/04/24/gIQAOuKieT_story.html?tid=pm_business_pop

"NEW ORLEANS — A BP engineer intentionally deleted more than 300 text messages that said the company’s efforts to control the Gulf of Mexico oil spill were failing, and that the amount of oil leaking was far more than what the company reported, the Justice Department said Tuesday.

In the first criminal charges related to the deadly explosion on the Deepwater Horizon rig in April 2010, the Justice Department arrested Kurt Mix and charged him with two counts of obstruction of justice for allegedly destroying evidence sought by federal authorities, officials announced in a statement."

regards, corson

wynderer

24th April 2012, 21:03

nobody answered my question -- i read thru the posts following & i still am getting the impression that Drake is saying that the good guys are about to take down the bad guys , who are running scared

so i assume that the good guys are military, w/a lot of hi-tech weaponry? because right now the bad guys have control of a lot of their own very hi-tech weapons -- sad to say, on this current 3D Earth, it seems that the ones w/the biggest & most weapons win

edit: oops! i meant to say Fulford & Wilcock instead of Drake, who is also saying the same thing

Sabrina, i still do not understand why they are all resigning -- there sure are an amazing number! thank you for all the work you are doing on this thread

i gather from the posts i skimmed thru that both David Wilcock & Benjamin Fulford are saying that those resigning are running scared of the good guys -- i have questions about this -- the ones who have been convicted don't do time -- & they don't lose their money in their hidden bank accounts

also -- who are the good guys? i kind of expect transparency from good guys -- i'm not referring to the courageous people who are suing them -- [tho until there's a lot of resignations in the judicial system, the corporate thieves will not pay much of a price -- their buddies in the courts will make it easy for them] -- maybe i'm not understanding, but it seems that Fulford & Wilcock are talking about good guys who are staying hidden? -- this makes me nervous

hope someone will elucidate this for me-- i'd really like to know why they are really all quitting

modwiz

24th April 2012, 21:11

I love this. A friend sent over and I was thinking of posting it...glad you did!

Thanks!

http://kauilapele.wordpress.com/
Bix Weir via Kauliapele's blog:

*snip*

May the Road you choose be the Right Road.
Bix Weir
www.roadtoroota.com

*sigh* this is not how the burden of proof works in debates. -_-;; It is the responsibility of one making an affirmative claim of truth to prove that they are correct, it is the job of opposition(skeptics) to merely prove what you are saying cannot be true for one or more reasons. The default position is not "if bad conspiracies happen, there must be good conspiracies too, so prove that a good conspiracy doesn't exist!" The default position is that no conspiracies of any kind exist (no affirmative claim of anything is made) and then it is the responsibility of each person advocating FOR a given conspiracy to make their case for why it is true while skeptics only need to point out how what is being said cannot be true. It doesn't often feel terribly fair, but I agree with Sagan that extraordinary claims require extraordinary evidence. Short of that we're just relying on hearsay and superstition rather than trying to really get to the bottom of what the actual truth is.

Sigh. You're a drag. Nobody needs to posit evidence. You can just turn your back and go away. You clearly do not like what you see. Time to change the channel, eh? Nobody is making you read this. Actually, time for me to follow my own counsel and place you on my ignore list since you appear to be agenda driven. Like the Turiya person, the other on my list. Whatever your response to this post, I will not see it.

BTW, Sabrina deserves better than this in her excellent thread.

This is not a debate thread. It is a reporting thread.

DreamsInDigital

24th April 2012, 21:26

nobody answered my question -- i read thru the posts following & i still am getting the impression that Drake is saying that the good guys are about to take down the bad guys , who are running scared

so i assume that the good guys are military, w/a lot of hi-tech weaponry? because right now the bad guys have control of a lot of their own very hi-tech weapons -- sad to say, on this current 3D Earth, it seems that the ones w/the biggest & most weapons win

edit: oops! i meant to say Fulford & Wilcock instead of Drake, who is also saying the same thing

The good guys also have a HUGE armada of STO oriented ET/EDs, to give you an idea, if you compare all the tech here on the planet including the black and above black tech, to what the STO oriented ET/EDs have, it'd be like a fly (PTW tech) bugging a family at a picnic, sure the PTW have a few maybe reptoids on their side, maybe. But, by sheer numbers etc, and tech etc, The PTW just do not stand a chance against the Good Guys, if the ET/EDs pull off one successful "strike" against one of the hundreds of sites they have planned? It will be all over for the PTW. And, considering their near 80%-90% averages and bleeding into the 100% range. Of success, I think you can do the math. The PTW will be toast if they get to close to the line the ET/EDs draw in the sand.

wynderer

24th April 2012, 22:10

nobody answered my question -- i read thru the posts following & i still am getting the impression that Drake is saying that the good guys are about to take down the bad guys , who are running scared

so i assume that the good guys are military, w/a lot of hi-tech weaponry? because right now the bad guys have control of a lot of their own very hi-tech weapons -- sad to say, on this current 3D Earth, it seems that the ones w/the biggest & most weapons win

edit: oops! i meant to say Fulford & Wilcock instead of Drake, who is also saying the same thing

The good guys also have a HUGE armada of STO oriented ET/EDs, to give you an idea, if you compare all the tech here on the planet including the black and above black tech, to what the STO oriented ET/EDs have, it'd be like a fly (PTW tech) bugging a family at a picnic, sure the PTW have a few maybe reptoids on their side, maybe. But, by sheer numbers etc, and tech etc, The PTW just do not stand a chance against the Good Guys, if the ET/EDs pull off one successful "strike" against one of the hundreds of sites they have planned? It will be all over for the PTW. And, considering their near 80%-90% averages and bleeding into the 100% range. Of success, I think you can do the math. The PTW will be toast if they get to close to the line the ET/EDs draw in the sand.

wow! an answer! thank you for your courtesy, DreamsInDigital --

but when & where are the GoodGuy ET/EDs going to draw the line? like, what are they waiting for? the planet's being nuked , & the chemtrails are still going strong

& are the resigning bankers & CEOs running scared of the coming of the GG ET/EDs? -- i have to say this -- is it not possible that the GG ET/EDs are actually just rivals to the Bad Guy ET/ED/Humans? -- & Earth the prize to the winner?

DreamsInDigital

24th April 2012, 22:43

but when & where are the GoodGuy ET/EDs going to draw the line? like, what are they waiting for? the planet's being nuked , & the chemtrails are still going strong
They already did, and they're already here. Just not so "visually" if you know what I mean. No, nuking isn't being done...not anymore. I have information on the chemtrails, that situation *IS* being dealt with, but I can't comment as of yet the hows and whys. But, it's a multi-dimensional and very complicated situation, what we see here with the planes is just the manifestation from a higher dimension. There are some out there that are cleaning the skys, even of the ash from all the volcanoes. I'd say it'll all be over soon, but where does that get me when I can't give a specific time frame on this? :)

& are the resigning bankers & CEOs running scared of the coming of the GG ET/EDs?
I'd say some of it has to do with involvement from the Good ET/EDs and Some obviously from what Drake's camp is doing, this whole big thing though this whole movement is so so much bigger than just Drake, and the GG ET/EDs and The Pentagon and the 90% Of The Military, etc. It's multidimensional, it's global, it's interstellar, it's even intergalactic and interuniversal.

i have to say this -- is it not possible that the GG ET/EDs are actually just rivals to the Bad Guy ET/ED/Humans? -- & Earth the prize to the winner?
Are they rivals? In a sense yes, but the intentions of the GG ET/EDs are so much more different than those of the Bad Guys/Cabal/Regressive Reptoids and Grays. The GG ET/EDs have absolutely (and some will deny this,but it's the truth.) no intention of taking over, invading and ruling this planet after it's liberated, absolutely none what so ever. zero, zilch, goose egg. What has been explained to me, is that their intent is to liberate the planet, bring us "Up to speed" to where we should be/would be had we not been under all these thousands of years of oppression by the "bad guys" and give us the opportunity to live up to our potential as an intergalactic race (think along the lines, somewhere in the region of Star Trek: TNG / DS9 / Voyager for an general idea of where we SHOULD be by now.). That's pretty much it in a nut shell. They've got 20 or so other planets to liberate out from under the Regressive Reptoids/Grays, and when they're done here...those will be their next stops. Earth is very important in many different reasons, and many different ways. Certainly as far as they are concerned , we're not trading one "ruling party" for another here. This is partially why they are doing things the way they are, they don't want to be worshiped or thought of/treated like gods, they don't want to have to be responsible for us and baby sit us. But, they also understand they have a responsibility to help us at least "get up to speed" with medical, education, technology etc, and make sure we are capable of standing on our own two feet before they "move on." To them (and this is not a ego/looking down sort of way) we're a very young and fledgling race, they recognize that we need help and guidance, and that is why they're here, they want to help and mentor us.

My apologies to Sabrina for this off topic post, but did want to answer the questions the best that I could. :)

the_vast_mystery

24th April 2012, 23:29

wow! an answer! thank you for your courtesy, DreamsInDigital --

but when & where are the GoodGuy ET/EDs going to draw the line? like, what are they waiting for? the planet's being nuked , & the chemtrails are still going strong

& are the resigning bankers & CEOs running scared of the coming of the GG ET/EDs? -- i have to say this -- is it not possible that the GG ET/EDs are actually just rivals to the Bad Guy ET/ED/Humans? -- & Earth the prize to the winner?

Direct military Intervention seems to be entirely off-limits except in the case of nukes or any attempt to publicly create a large scale disaster. If you think about it, there are too many people who'd consider it an Invasion immediately so I think that's why the ET/EDs have held off on anything like that. We'd misunderstand and then it'd mess up our ability to establish good Diplomatic relations if we had everyone and his cousin firing their rifles at ships passing by. Most of the material I've read from various sources all suggests the same trend.

As to your second question this is actually something that's a real mind-bender to consider but it needs to be considered. Everyone has their own Agenda, you, me, the mods, the website owners. That alone is not necessarily a bad thing either an Agenda just means everyone has something they want to see happen or not happen. The real question is whether their agenda aligns with our interests both on an individual and species-wide level. Currently I think that's very much the case because we've just gotten ourselves so collectively stuck in molasses we wouldn't be able to right ourselves without a guiding hand at first. Sometimes people need a hand up to stand on their own. But they may very well have interests that do not entirely align with ours and we'll only know that much later if that's the case.

Having an Agenda only becomes a problem if the agenda works against our interests while appearing to be for them. That's the exact problem with our economy right now, we were sold on a promise that this would work well and be in everyone's interests when the current system of Globalized Corporate Capitalism only favors a handful of wealthy investors compared to the majority of the population. Taking lessons from what we've seen governments do here on earth is a great starting point to consider at least "how" such deceptions could occur. They seem to follow certain patterns, but I haven't really done enough of a detailed Analysis to really be sure of much beyond that.

As far as Earth being the "prize" this is very much already the case, although perhaps not in the negative fashion the statement originally seemed to imply. If you consider the Law of One Materials (http://www.lawofone.info/) then it states that 4D/5D beings align along a path of Service to Self or Service to Others. STS beings believe in extreme self-love and they show that through forms of enslavement and STO beings believing in extreme mutual love through public service and devotion to the common good. So far it seems that there are multiple groups or subgroups within the whole 4D/5D paradigm that work together and this is where the Galactic Confederation seems to come from. So there are multiple groups or subgroups within the greater STO/STS orientations from which one might possibly be able to chose depending on where they wanted to go.

The way I look at it, considering how much evidence we already have of how badly dysfunctional and just straight up messed up the whole government/business world is we need some form of intervention just to change anything. Plus after noticing how a lot of the channelers seem to be leading us towards different descriptions of the same eventuality it's very likely we will at some point see some form of direct contact. We need help and they want to offer it, but when they get here some good 'ol Socratic dialog will probably go a long way to figuring out how well their interests align with ours and it'd be up to each of us to chose who to believe and what to do regarding that. In this case we are a "prize" in that each of us is a valuable individual who's got something worthwhile to add no matter who wants us, it's merely our choice at this point in time as to who we want to offer our "Service" to. ;)

I mean this all assumes the validity of the Law of One material but out of everything I've read I can't deny it's personally captivated me. So either way it seems that events are leading each of us towards a decision point. I'm still very curious when and how it's going to play out though.

ThePythonicCow

25th April 2012, 02:14

KiwiElf

25th April 2012, 06:35

...

...

...
wynderer, the_vast_mystery, DreamsInDigital, or others ... if you'd like to continue this discussion, could you let me know. I can move a few of your posts above to a separate thread, so we don't continue to interrupt Sabrina's thread with your discussion. Thanks.

I think that's a great idea Paul, as it is also a valuable discussion of the bigger picture - let's keep this thread "pure" - please delete this post if you do so - Cheers :)

Sabrina

25th April 2012, 12:18

http://www.guardian.co.uk/media/2012/apr/25/jeremy-hunt-adviser-adam-smith-quits
25 April UK
Jeremy Hunt's special adviser Adam Smith quits
Culture secretary's aide says he acted without authority of his boss in dealings with News Corp's Frédéric Michel

Adam Smith, the special adviser to the culture secretary, Jeremy Hunt, has resigned, saying he acted without the authority of his boss and that he had allowed the impression to be created of too close a relationship between News Corps and the Department for Culture, Media and Sport.

His resignation came an hour before Hunt was due to make a statement to MPs on Wednesday.

Emails published at the Leveson inquiry showed that News Corporation's public affairs director, Frédéric Michel, had been given inside information on ministerial thinking over the company's bid for BSkyB, including handing over commercially confidential information and repeatedly suggesting that Hunt wanted the bid to succeed.

In a statement, Smith said: "While it was part of my role to keep News Corporation informed throughout the BSkyB bid process, the content and extent of my contact was done without authorisation from the secretary of state. I do not recognise all of what Fred Michel said, but nonetheless I appreciate that my activities at times went too far and have, taken together, created the perception that News Corporation had too close a relationship with the department, contrary to the clear requirements set out by Jeremy Hunt and the permanent secretary that this needed to be a fair and scrupulous process.

"Whilst I firmly believe that the process was in fact conducted scrupulously fairly, as a result of my activities it is only right for me to step down as special adviser to Jeremy Hunt."

Labour is certain to ask whether Smith was really a lone operator and was, as he claims, acting without Hunt's permission.

It has already been established that Michel, in his emails, repeatedly refers to JH when in fact this was Adam Smith. However, on other occasions in the emails and texts it appears as though Michel's interlocutor is Hunt himself.

Michel also says in his witness statement that when he was speaking to Smith he was sure he was being given an account of the culture secretary's thinking. It is hard to think of a motive for Smith to give Michel an accurate account of Hunt's thinking that on the surface seems to be biased towards News Corp.

Under the ministerial code, the secretary of state is responsible for the actions of his special adviser.

The government offered the Commons statement after Labour requested that Hunt account for revelations at the Leveson inquiry about email exchanges with Rupert Murdoch's company and whether they were at odds with undertakings he gave to parliament.

Hunt had suggested he should be allowed to mount his defence at the Leveson inquiry, and that his hearing should be brought forward. He is not due to give evidence for four weeks, and in the modern political world, it seems implausible that he would be allowed to keep his job for that long without clear evidence that his actions were dramatically misrepresented by the emails released to the inquiry by Michel.

The culture secretary will be hoping he receives strong support from Conservative backbenchers, and has already insisted his contacts with the Murdoch organisation were formal and kept to a minimum. He has also indicated that the culture permanent secretary gave his special adviser permission to keep in touch with News Corp during the BSkyB bid process.

But senior former civil servants have said the permanent secretary would only have allowed formal contacts about process, and would not have granted permission to give insights into Hunt's thinking, or to work together to put forward a case likely to ensure the bid was waved through.

His supporters have insisted that he acted throughout on the advice of independent media regulators. However, Ofcom had recommended the bid should be referred to the Competition Commission. Hunt in discussion with Ofcom rejected that advice and said assurances granted by News Corp, including spinning off Sky News, made it possible for the bid to be waved through.

Sabrina

25th April 2012, 12:36

Sabrina, i still do not understand why they are all resigning -- there sure are an amazing number! thank you for all the work you are doing on this thread

i gather from the posts i skimmed thru that both David Wilcock & Benjamin Fulford are saying that those resigning are running scared of the good guys -- i have questions about this -- the ones who have been convicted don't do time -- & they don't lose their money in their hidden bank accounts

also -- who are the good guys? i kind of expect transparency from good guys -- i'm not referring to the courageous people who are suing them -- [tho until there's a lot of resignations in the judicial system, the corporate thieves will not pay much of a price -- their buddies in the courts will make it easy for them] -- maybe i'm not understanding, but it seems that Fulford & Wilcock are talking about good guys who are staying hidden? -- this makes me nervous

hope someone will elucidate this for me-- i'd really like to know why they are really all quitting

Wynderer - there's all sorts of different reasons for the resignations etc. if you look thru' the 36 pages. Some are sudden and unexpected, some are because of the discovery of corruption, some are because of disillusionment with the present system. And there are arrests and prosecutions going on as well. Certainly the numbers seem unprecedented - especially amongst bankers as some of the graphs showed. Nobody has the definitive answer. Nobody can tell you who all the good and bad guys/gels are - you'll have to use your intuition.

My take on it is that there is a shift of consciousness going on and a lot of untruths and corruption are coming to the surface. People are also waking up (not everyone, but a lot). Dark has to go out for more light to come in. There is also no doubt a lot going on behind the scenes. If you take what Drake says, the mechanism to take the US and individual States back to the original constitution thru' logging papers with the World Court in the Hague, means that some of those in power are no longer protected (if I understand him correctly). Certainly, I think some are quitting because they see the writing on the wall and the possibility of a lot of the major corruption being unveiled. Perhaps others are being nudged out. It's unprecedented and it's major - and it feels good to me.

Sabrina

25th April 2012, 12:44

http://www.thedailyherald.com/international/4-international/27364-vladimir-putin-resigns-as-united-russia-party-chief-.html
25 April Russia

Vladimir Putin resigns as United Russia party chief

MOSCOW--President-elect Vladimir Putin tried to distance himself from the fraud-tainted ruling United Russia party on Tuesday, announcing he was stepping down as its chairman and calling on it to be more competitive.

Keen to protect his own ratings which are higher than those of a party discredited by accusations of fraud in its parliamentary election victory in December, Putin proposed outgoing President Dmitry Medvedev as its new leader instead.
"In line with political practice here, the president stands above parties," Putin told the leadership of United Russia, describing the head of state as "a consolidating figure for all political forces in the country."

"In this regard, after the inauguration in May I deem it necessary to step down as chairman," Putin said.

The prime minister, who will be sworn in as president on May 7, suggested that a party congress in the second half of May should elect Medvedev as the new chairman. Putin, 59, has also said that Medvedev, a longtime ally who led United Russia's campaign in the December election to the Duma, the lower house of parliament, will become prime minister.

"Since Dmitry Anatolyevich led the party in the State Duma election campaign, and since I will recommend him for the post of prime minister, I believe it is right for him to head the party as well," Putin said. "It is a global practice that the government leans on the support of the parliamentary majority."

The move could be a poisoned chalice for Medvedev, however, whose popularity has dropped since he and Putin announced last September that he would step down as president and make way for Putin's return to the Kremlin. Medvedev is less popular than Putin among party members, many of whom blame him for the relatively poor showing in December's election and view him as too liberal.

¤=[Post Update]=¤

More on Dutch crisis:

Hamburger Abendblatt: The Netherlands threatened by political vacuum
25 April 2012 | 10:31 | FOCUS News Agency
Home / European Union

Amsterdam. The Netherlands is threatened by a political vacuum after its government resigned over a domestic crisis, the German newspaper Hamburger Abendblatt writes.
Dutch Prime Minister Mark Rutte said on Tuesday that he did not think the parliament would unite around new elections before the summer. According to him the early elections will take place on 12 September. The far-right politician Geert Wilders, whose opposition to austerity measures at the weekend has brought Rutte’s government to an end, has raised the issue of a referendum about Europe and Dutch sovereignty.

Meanwhile, during the extraordinary parliamentary session several opposition parties made it clear that they did not plan to approve the government’s austerity measures worth between EUR 14 and 16 billion.

GoodETxSG

25th April 2012, 14:58

Sabrina

25th April 2012, 16:43

http://www.dailymail.co.uk/news/article-2133201/Dr-Richard-Holmes-Suicide-riddle-weapons-expert-worked-David-Kelly.html#ixzz1sr57Ql6o

UK

Suicide riddle of weapons expert who worked with David Kelly: Scientist tells wife he is going for a walk, then takes his life in a field... just like his friend

Body of Dr Richard Holmes discovered in a field four miles from the Porton Down defence establishment

Police said there were no suspicious circumstances in latest case but revealed scientist was 'under a great deal of stress'

He resigned from Porton Down last month, but it is unclear why

A weapons expert who worked with Dr David Kelly at the Government’s secret chemical warfare laboratory has been found dead in an apparent suicide.

In circumstances strongly reminiscent of Dr Kelly’s own mysterious death nine years ago, the body of Dr Richard Holmes was discovered in a field four miles from the Porton Down defence establishment in Wiltshire. It is not yet known how he died.

Mr Holmes, 48, had gone missing two days earlier after telling his wife he was going out for a walk – just as Dr Kelly did before he was found dead at an Oxfordshire beauty spot in July 2003.

Police said there were no suspicious circumstances in the latest case but revealed that Dr Holmes had ‘recently been under a great deal of stress’.

He resigned from Porton Down last month, although the centre yesterday refused to explain why.
Inevitably, the parallels between the two cases will arouse the suspicions of conspiracy theorists.
Despite Lord Hutton’s ruling eight years ago that Dr Kelly committed suicide, many people – among them a group of doctors – believe his inquiry was insufficient and have demanded a full inquest.
Some believe Dr Kelly, who kept an office at Porton Down right up until his death, was murdered. He was outed as being the source of a BBC report that Downing Street ‘sexed up’ evidence of Iraq’s weapons of mass destruction to justify going to war.

full story at link

Sabrina

25th April 2012, 17:02

Posted via the Facebook Global Resignation page - don't know if anyone knows about this? S.

Concerning the DECLARATION OF INSOLVENCY by the United States as to its obligations allegedly owed to the Federal Reserve banks, see:

http://www.supremelaw.org/cc/fox2/insolvency.htm

http://www.supremelaw.org/cc/fox2/interpleader.htm
...
See More
UNITED STATES' DECLARATION OF INSOLVENCY
www.supremelaw.org
The United States ex rel. hereby notoriously interpleads in the above entitled case for the purpose of formally declaring insolvency as to obligations allegedly payable to the Federal Reserve Banks.

Sabrina

25th April 2012, 17:08

Top British Financial Regulator To Step Down

Hector Sants, one of Britain’s top financial regulators during the banking crisis of the past five years, has decided to step down as chief executive of the Financial Services Authority, in a move that deals a blow to current arrangements to overhaul the country’s system of financial regulation.

Sants, who had been talked out of quitting two years ago by the U.K. finance minister George Osborne, will leave the organization at the end of June, the FSA said in a statement Friday. News of his departure came as a surprise as he was expected to head a new body overseeing the U.K.’s financial stability and become a deputy governor of the Bank of England when a new regulatory system comes into force next year.

A former Credit Suisse executive, Sants took the helm at the regulator in July 2007, just before the run on the Northern Rock bank, which proved to be the start of Britain’s banking crisis.

The FSA was widely criticized for its failure to spot the stresses in Britain’s banks and the U.K.’s new coalition government decided in June 2010 that it would change Britain’s regulatory framework.

“When I agreed to stay on as CEO in 2010, I committed to stay and deliver an orderly transition to the government’s new regulatory structure,” Sants said. “The project is now firmly on track.”

Sants, aged 56, had been tipped to take the helm of the Prudential Regulation Authority (PRA), one of two new organizations that will be replacing the FSA. The PRA, which will work under the Bank of England, will be responsible for banking supervision. A new Financial Conduct Authority will also be established to look after markets and consumer protection.

Adair Turner, the FSA’s chairman, said the major reforms made within the organization since the financial crisis began would not have been possible with Sants.

“I am very sorry to see him leave but I understand his decision, now that he has delivered what he set out to achieve,” Turner said.

Mervyn King, the governor of the Bank of England, said he was “very grateful” that Sants had decided to stay on longer than he had initially planned.

In a statement, the Bank of England said it will work with the Treasury to find a replacement for Sants. The appointment will be made by Osborne and the person appointed will take up the position when the PRA comes into existence next year. The head of the PRA will also be one of three deputy governors at the Bank of England.

Associated Press

http://elitedaily.com/elite/2012/top-british-financial-regulator-step/

25 April

Sabrina

25th April 2012, 17:16

Yep we could do with some liberation asap pleez...And many have been visualising all the shackles coming off for some time. Just realised this is the date of the Avalon Meetup in London organised by Ria.... a power day then. Sab.

http://2012portal.blogspot.ca/2012/04/normal-0-microsoftinternetexplorer4_24.html

WORLD LIBERATION DAY

5-5-2012

It is time to take action! It is time to take the destiny of our world in our own hands! Therefore we will meet in groups large and small, as individuals and couples, at the exact time of full moon this May. Millions of us will gather and visualize the liberation of our planet from the tyranny of the central bankers so that for the first time in our history we will have the chance to create our own destiny as free citizens of the Earth.

There is a plan, conceived by positive people in the military, supported by civil authority, to arrest the members of the banking Cabal for their crimes against humanity. Our visualization will support this plan, so that it manifests as soon as possible, as non-violently and smoothly as possible. We will support brave heroes that will carry out this plan. Something like this has never happened on this planet before. This is our chance to be a part of it!

Our mass effort on this day will be the trigger that will activate the plan so that it may come to its fruition. Our visualization on that day is our declaration of freedom and independence. Make this viral! Share it worldwide!

We will all be doing this visualization at the same time, the moment of full moon, which comes this May 5th /6th. Exact times for different time zones are:

8:30 pm PDT May 5th (Los Angeles)
9:30 pm MDT May 5th (Denver)
10:30 pm CDT May 5th (Houston)
11.30 pm EDT May 5th (New York)
4:30 am BST May 6th (London)
5:30 am CEST May 6th (Paris)
11:30 am CST May 6th (Beijing)
12:30 pm JST May 6th (Tokyo)
1:30 pm AEST May 6th (Sydney)

Instructions:

1. Relax your mind and body by watching your breath for a few minutes.

2. Visualize civil authority arresting central banking criminals such as Rothschilds and Rockefellers, and other members of this Cabal such as Henry Kissinger, etc. Visualize this process taking place worldwide peacefully and smoothly .Visualize the world finally being free from financial slavery, free from all evil dictators and corrupt politicians.

3. Visualize bright new future for humanity, with new and fair financial system put into place, with all debts canceled, prosperity funds for humanitarian projects released, advanced technologies introduced, ecosystem healed and human beings finally being free from all oppression.

Disclaimer: the date of this visualization (May 5th) is most likely NOT the date when these mass arrests will be taking place.

More information about the mass arrests:
http://2012portal.blogspot.com/2012/04/freedom-reigns-mass-arrests-for-cabal_9155.html

Updates about the World Liberation Day:
http://2012portal.blogspot.com/

Sabrina

25th April 2012, 17:36

http://www.huffingtonpost.com/2012/04/24/silvio-berlusconi-paid-mafia_n_1449433.html?ref=world
24,4

Silvio Berlusconi, Former Italy Prime Minister, Paid Mafia For Protection, Says Italy Court

ROME, April 24 (Reuters) - Former Italian prime minister Silvio Berlusconi paid large sums of money to the Sicilian Mafia to protect himself and his family from kidnapping in the mid-1970s, Italy's highest appeals court said on Tuesday.

Cosa Nostra's protection "was not free", the court said, adding that the media magnate was a victim of extortion

"Berlusconi handed over conspicuous sums of money to the Mafia," the supreme Court of Cassation said in a 146-page document explaining its decision last month to quash a trial against Marcello Dell'Utri, a Sicilian who worked for Berlusconi in those years.............
Berlusconi is currently a defendant in five trials, one over charges of paying for sex with an underage prostitute and the others on fraud and corruption charges.

Cjay

25th April 2012, 17:50

WORLD LIBERATION DAY

5-5-2012

This is a great idea Sabrina, thanks for letting us know. May I suggest a separate thread on this, if one has not already been started?

While I'm here, I want to say a big THANK YOU for all the information you have provided in this thread. I'm sure everyone, except the cabal, would like to join me in thanking you for your outstanding effort.

aranuk

25th April 2012, 18:19

Good one CJ and I love the humour!

Stan

GoodETxSG

25th April 2012, 18:52

Sabrina, Has the HUGE E.U./Bank of Spain come up in any of your research? Santander...

I have a law suit pending with these freaks currently for ADA Discrimination and Retaliation. I have never worked for a company that was so MORALLY and ETHICALLY BANKRUPT and I worked at The Federal Reserve which is saying a LOT... that place is bad! The stories I could tell.
Anyway, would love to read any info on Santander.

ThePythonicCow

25th April 2012, 23:04

GoodeTXSG, you have opened the door to some more truth. this is a good thing. thank you for sharing what you know. do you have anything else that you could add? dates? did you hear any definitive discussion regarding project bluebeam? i am very interested in the when, where, why and what that is to be expected. thank you so much for telling us some of what you know.
warmest regards, corson

Sorry Corson... I did not answer any of your questions and I pulled the post you commented on. I caught some flak for posting it. I meant no
disrespect to you. Thank you...
GoodeTXSG - there is still a small sample of the post (http://projectavalon.net/forum4/showthread.php?41059-Massive-Bank-and-High-Profile-Resignations-Across-the-World&p=471947&viewfull=1#post471947) that you have now edited out, in a reply of mine at Post #680 (http://projectavalon.net/forum4/showthread.php?41059-Massive-Bank-and-High-Profile-Resignations-Across-the-World&p=471963&viewfull=1#post471963). Let me know if you'd like that (and any quotes thereof) to disappear as well.

risveglio

25th April 2012, 23:18

Those other sights must be OWNED by the ptw, and they are hiding the firing, or resigning from the people. So glad Huff at least allowed 269 comments, but this should go global viral on twitter, facebook, or chat.

Thank God I put my money in a credit union three years ago.

Sorry but the credit unions still use Rothschilds money

Is there a no so bad place to put the FIAT dollars you have to use. Is there a thread where someone has done research on some non-Rothschilds bank?

:focus:

GoodETxSG

26th April 2012, 01:50

KiwiElf

26th April 2012, 02:20

http://nz.news.yahoo.com/a/-/top-stories/13522298/petricevic-jailed-for-six-and-a-half-years/

Petricevic jailed for six and a half years
NZ Newswire Updated April 26, 2012, 11:29 am

Former Bridgecorp managing director Rod Petricevic has been jailed for six and a half years.

Petricevic was jailed after being found guilty of 18 charges under the Securities Act, Companies Act and Crimes Act charges of misleading investors over the true state of the company.

He was charged after Bridgecorp collapsed in July 2007 owing $459 million to 14,500 debenture investors and $21m to capital note investors.

Justice Geoffrey Venning said Petricevic knew statements that the company had never missed principal or interest payments were wrong.

He said more than $91m of reinvested funds and $28m of new money was invested during his offending.

"You made false statements which misled a substantial number of people into investing or reinvesting into Bridgecorp when if they had been told the truth, they would not have reinvested," Justice Venning said in the High Court at Auckland on Thursday.

Crown lawyer Brian Dickey said Petricevic's offending showed a high degree of cynicism as he was prepared to distribute untrue statements and lie to investors.

These included lies about missed payments to investors, using excuses such as a computer glitch, he said.

Petricevic's lawyer Charles Cato said Petricevic hadn't been fraudulent and had been the subject of huge adverse media attention which had been a punishment of sort.

Justice Venning said he couldn't take the media attention into account but did give him a brief sentence reduction for an assault on him and threatening material received by his family.

Sabrina

26th April 2012, 06:22

http://www.bbc.co.uk/news/world-africa-17844392

26 April

Charles Taylor awaits Sierra Leone atrocities judgement

Charles Taylor is accused of fuelling Sierra Leone's brutal civil war in the 1990s

International judges are due to give a verdict in the war crimes trial of former Liberian leader Charles Taylor.

Mr Taylor has been on trial at the Special Court for Sierra Leone, sitting in The Hague, for almost five years.

He is accused of backing rebels who killed thousands during Sierra Leone's 1991-2002 civil war. They became notorious for using child soldiers and hacking off the limbs of enemies .

Mr Taylor denies 11 charges of war crimes and crimes against humanity.

Tens of thousands of people died in Sierra Leone's decade-long civil war which ended in 2002.

Child soldiers
Mr Taylor is accused of selling diamonds to fund weapons for Sierra Leone's Revolutionary United Front Rebels (RUF).

They gained a reputation for using machetes and axes to cut off people's hands and feet. Often the atrocities were carried out by children.

Victims who have lost limbs blame Mr Taylor for stoking the flames of civil war.

Mr Taylor, a former warlord, was also instrumental in Liberia's slide into civil war in the late 1980s. He was eventually elected president in 1997.

He was eventually sent back to Liberia and taken to The Hague to face the UN-backed Special Court for Sierra Leone.

The trial has been held in the Netherlands in case the hearings sparked fresh instability in Sierra Leone and Liberia.

If convicted Mr Taylor will become the first former head of state to be found guilty of war crimes by an international court since the Nuremburg trials of Nazis after World War II.

The court has heard from more than 100 witnesses including the actress Mia Farrow and supermodel Naomi Campbell.

The prosecution wanted to establish a link between Mr Taylor and uncut diamonds which Naomi Campbell said he gave her in South Africa in 1997.

Correspondents say this is an important point, as the accused is said to have used so called blood-diamonds to pay for weapons for the rebels.

If Mr Taylor is found guilty he is expected to go to a prison in the UK.