Massive Bank and High Profile Resignations Across the World

[Sabrina]

http://www.wsws.org/articles/2012/ap...murd-a26.shtml

26 April

Forced resignation hits at heart of Cameron government after Murdoch testimony


Rupert Murdoch is to complete two days of testimony before the Leveson Inquiry into the British media today. But even as questioning of the multi-billionaire began, evidence submitted by his son, James, had forced the resignation of one ministerial adviser, and forced Culture Secretary Jeremy Hunt to defend himself in parliament against allegations of collusion with Murdoch’s News Corporation.
The Leveson Inquiry was set up following the scandal involving the now defunct News of the World, involving widespread phone-hacking and the corruption, bribery and intimidation of police officers and public officials. The Leveson Inquiry, however, is limited to examining the “ethics, culture and practices” of Britain’s media in general.

The Murdochs last gave evidence before the Commons Culture, Media and Sports Committee in July 2011. At the hearing, both Murdochs continued to deny they had any knowledge of illegal activity at News Corps’ British subsidiary, News International—attempting to blame those on their payroll while denying any failure of “corporate governance”.

But in his evidence on Tuesday, James Murdoch, former head of News International, effectively lit a political fire under the Cameron government.

News Corp had handed the Inquiry 163 pages of emails between its public affairs executive Frédéric Michel and Jeremy Hunt and his office. The emails centre on the time during which Hunt was meant to be acting in a quasi-judicial capacity, adjudicating on Murdoch’s £8 billion attempted takeover of the pay TV channel, BSkyB.

They reveal that shortly after the takeover bid was announced in July 2010, Hunt’s special adviser Adam Smith had assured the Murdochs that “the UK government would be supportive throughout the process”.

At this time, matters relating to media competition were the responsibility of the Liberal Democrat Vince Cable as Business Secretary. Emails recorded that Cable was under “intense pressure” over the bid, because of the Murdoch newspapers’ hostility to the Liberal Democrats before they joined the Tory-led coalition in May that year.

With other media groups opposing the takeover, Cable had called in the media regulator, Ofcom, to scrutinise the bid. But shortly afterward, in December, Cable was stripped of his responsibilities. The pro-Conservative Daily Telegraph had recorded him making disparaging comments about his Tory coalition partners. But a whistleblower then leaked other transcripted comments, undisclosed by the Telegraph, to the BBC’s Robert Peston, who is close to the Murdochs, recording him stating, “I have declared war on Mr. Murdoch and I think we are going to win.”

Hunt was placed in charge. James Murdoch admitted that he had contacted Hunt immediately on his appointment on December 21. It was shortly afterwards, he testified, that Michel was established as a “P.O. Box” for contact between the Murdochs and the government.
A secret channel was established through which Hunt’s office not only actively supported the Murdoch bid, but passed on sensitive information on talks within government and with Ofcom—as well as reporting discussions with Murdoch’s rivals in the other media groups.
An email from Michel recorded that Hunt had received “very strong legal advice” that he should not meet Murdoch while the bid was underway. Michel suggested James “have a chat with him [Hunt] on his mobile” instead.

James responded angrily, “You must be ****ing joking. I will text him and find a time.”

An email on December 24 from Michel to James reports, “Just spoke to JH [Jeremy Hunt]. Said he was very happy for me to be the point of contact with him/Adam [Smith] on behalf of JRM [James Murdoch]…”

In another, Michel wrote, “JH” had warned that it was “very important to avoid giving ‘the anti[Murdoch bid]’ any opportunity to attack the fairness” of his office’s oversight.

Later Michel emailed details of the legal arguments formulated by Murdoch’s media opponents to the takeover. “JH confidential please read,” he wrote. “JH would welcome our critical views on the Slaughter & May submission to help him forge his arguments.”
When it appeared Ofcom might hinder the bid, Michel recorded, “Spoke to Hunt. He made again a plea to try and find as many errors as we can in the Ofcom report and propose some strong and ‘impactful’ remedies”.

As the phone-hacking scandal continued to spread, Cameron’s press adviser and former News of the World editor, Andy Coulson, was forced to resign on January 21, 2011. Two days later, Michel informed James, “He [Hunt] still wants to stick to the following plan.”

According to Michel, this was the agreement already made between Hunt and Murdoch to get past the regulators by News Corp offering to “spin off” Sky News at some point. Once this was publicly announced, Michel recorded, Hunt was of the opinion that “its almost game over for the opposition.”

An email on January 24 shows that James was supplied with the wording of Hunt’s official statement for delivery the following day, in time for the opening of the stock market.

“Confidential: Managed to get some infos [sic] on the plans for tomorrow [although absolutely illegal!]. Press statement at 7.30am…”
On February 9, 2011, Michel emailed James that he had spoken to “JH” that evening about Ofcom’s proposal for the bid to be referred to the Competition Commission. “JH” asked if the Murdochs were prepared “to negotiate at all… He said he couldn't ignore Ofcom, he had brought them into this OFT [Office of Fair Trading] process to get some cover and in public debate he would get absolutely killed if he did such a thing.”

Michel informed “JH” that he needed “some backbone”.

By June, the Murdochs had run out of patience. On June 3, Michel wrote to James, “As discussed, I just had very strong conversation with JH and explained we had now no intention of engaging further in any more commercial negotiations with OFT or Ofcom… I insisted he needed to get a grip… I also floated the threat that… we could decide at any moment to withdraw… JH repeated he was definitely keen to see this through as quickly as possible.”

On June 30, 2011, Hunt approved the takeover, subject to the completion of consultations on July 8. Within days, however, details of the hacking of Milly Dowler’s phone emerged, the News of the World was closed down, and Murdoch’s BSkyB bid was considered off-limits.
In his statement on Wednesday Hunt—who last year told parliament that any contact with the Murdochs had “been minuted and done through official channels”—claimed he knew nothing about the “inappropriate” contact between Smith and Michel and refused demands for his resignation.

Smith had resigned earlier that morning, claiming that he had acted without Hunt’s authority and had inadvertently “created the perception that News Corporation had too close a relationship with the department.”
More fundamentally, Cameron himself is in the frame.

The prime minister has repeatedly denied ever having an “inappropriate conversation” with either of the Murdochs over the BSkyB deal and dismissed contrary claims as “fevered conspiracy theories”.

James Murdoch’s testimony, however, revealed that he and then News International chief executive, and former News of the World editor, Rebekah Brooks had dined with Cameron on December 23, 2010—two days after Cable’s removal from the BSkyB bid and just as the backdoor conduit between Michel and Hunt was being established.

Murdoch told the inquiry that he recalled “speaking briefly to the prime minister” on the BSkyB bid during their meeting.
In addition, late on Wednesday it emerged that Hunt had held discussions in the US with News Corp in August 2009, when the group was considering its bid for BSkyB.

The Guardian reported, “Almost immediately after Hunt’s trip, James Murdoch visited David Cameron in London, and privately told him that News Corp had agreed to switch support to the Tories in the upcoming election. Hunt then became culture secretary in the victorious Tory government.”

[Sabrina]

No resignation on this one, but perhaps one day....

http://www.naturalnews.com/035690_Me...marketing.html


Merck ordered to pay $321 million criminal fine for illegally marketing Vioxx painkiller

(NaturalNews) Drug giant Merck & Co., creator of the human papillomavirus (HPV) vaccine Gardasil, has been ordered by a federal judge in Boston, Mass., to fork over $321 million in criminal fines for illegally marketing Vioxx, a dangerous painkiller drug that was pulled from the market in 2004 because taking the drug doubles a patient's risk of having a heart attack or stroke.

According to reports, Merck pleaded guilty to charges of illegally promoting Vioxx for rheumatoid arthritis before it was approved for such use, even after the U.S. Food and Drug Administration (FDA) reprimanded the company for doing this in 2001. Immediately after Vioxx was approved by the FDA in 1999 for treating acute pain, Merck reportedly began promoting its use among patients with rheumatoid arthritis.

The decision comes just months after Merck agreed to pay more than $600 million to the federal government, 43 states, and the District of Columbia to settle various other suits pertaining to the company's illegal marketing tactics. Though Merck did not admit guilt in all of those cases, the drug maker's willingness to pay nearly $1 billion in combined fines for criminal and illegal marketing was still accepted by the court.

"I'm certainly going to accept this agreement because I think it's in the public interest," said U.S. District Judge Patti Saris who accepted the plea. "I hope the size of this settlement and the fact that all these cases are being pressed by the federal and state governments -- the 44 states' attorneys general -- will be a signal that this isn't acceptable conduct."

$1 billion is nothing compared to the more than $12 billion Merck generated from Vioxx

But $1 billion is just a drop in the bucket for Merck, since Vioxx generated roughly $2.5 billion in sales during the years that it was on the market. Collectively, this translates into more than $12 billion worth of revenues for Merck during Vioxx's life cycle, which is a hefty amount that contrasts sharply to the relatively paltry $1 billion it has agreed to pay.

Besides a few other incidents where Merck has paid out a few million dollars here and there, the company has largely gotten off scot-free with Vioxx. None of Merck's corporate executives are being held personally responsible for the thousands of former Vioxx users that were injured by the drug, and they are not being held criminally liable for their company's illegal marketing of the drug.

So in the end, what these criminal and civil fines amount to is nothing more than a drug industry payoff to the federal government for Merck's illegal activity. Merck still made off with at least $10 billion of revenues from Vioxx, and the federal government and a few individuals have received a few million dollars in the process. And so it goes in the criminal cartel that is the drug industry's cozy relationship with Big Pharma.

[Sabrina]

Shareholders are starting to flex their muscles all over the place!

http://www.telegraph.co.uk/finance/n...e-pay-row.html
26 April UK

Barclays chairman Marcus Agius to apologise to shareholders for mishandling executive pay row
Marcus Agius, the chairman of Barclays, is to take the unprecedented step of apologising to shareholders over the bank's mishandling of the pay of its top executives.

On Friday, Mr Agius will accept that the bank has not done a good enough job of making its case over remuneration - including the controversial financial arrangements for its chief executive, Bob Diamond - which has sparked a revolt among shareholders.

It is thought he may also pledge to give shareholders a better return on their cash, moving the balance of rewards away from its executives.
Mr Agius is expected to tell shareholders: "Evidently, we have not done a good enough job in articulating our case: on some matters we should have communicated earlier and more clearly.

"For this I apologise and I assure you that in the future we will be engaging differently and more purposefully with shareholders in order to ensure that we obtain a broader level of support on remuneration policy and practice."

As many as a third of the bank's investors are expected to vote against the bank's remuneration report at the annual general meeting in London on Friday.

full story at link

and


Barclays chief Bob Diamond set to lose half his bonus

Barclays chief executive Bob Diamond is set to lose half his bonus for the year after the bank's financial results showed he was likely to miss a new performance target agreed with shareholders.

[KiwiElf]

Posted by Sabrina (here)
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.

This one is potentially huge if it's true?

[GoodETxSG]

Posted by Sabrina (here)

Posted by GoodeTXSG (here)
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.

The info. carried in the UK press in the past has been about large number of consumer complaints when Santander first came into UK high streets (and took over Alliance and Leicester) GoodeTXSG. Their customer care and admin. seemed pretty shambolic. And that's only what you see publicly! S.


Is Santander Britain's worst bank?
Santander gained a million customers last year, and pays the highest rate on an Isa. It's also top of the complaints league
http://www.guardian.co.uk/money/2011...ins-worst-bank

And the power of the net :

http://santander-consumer.pissedconsumer.com/



http://www.moneywise.co.uk/banking-s...ervice-so-poor

Why is Santander's service so poor?

Jeff Prestridge believes Santander's administrative issues are symptomatic of the problems across the financial industry.

For the past few months, I've been up to my ankles in complaints - not of my own making, I hasten to add. I've never received such an angry barrage since I asked Financial Mail readers fortheir views on the Post Office's controversial decision to axe 2,500 branches in 2006.

This time the complaints all centre on the administrative incompetence of the Spanish-owned bank Santander. The bank has established a massive presence on Britain's high street through its takeover of Abbey (or 'Shabby Abbey' as it was usually referred to), and more recently the acquisition of credit crunch-impacted Alliance & Leicester and Bradford & Bingley.

In more than 20 years of reporting on personal finance issues, I've never witnessed an administrative meltdown quite like that which has taken place at Santander.

THANK YOU, you are a great researcher. If you Google "Santander Consumer USA Discrimination" it will pop up a lot of new sites including the Facebook site about my lawsuit against them for ADA Discrimination against PTSD/Seizures etc... From working for the company for a year it was pretty pathetic. They joked about their customers... kind of like Muppet Gate. They openly talked about the companies’ lack of ethics. I finally experienced them first hand. Corruption is a cancer... crazy how I ended up working for so many Banks. The Federal Reserve Bank of Dallas included. Nast stuff. Thanks again for spending time on this bank. I found a lot of the Consumer Rip off and complaint sites as well as there being two class action law suits against them right now... Some of those victims are going to attend the protest.
TY Again...
http://www.facebook.com/jobdiscrimination?ref=tn_tnmn

[Avocadess]

Apologies if this was already posted (from rumormillnews.com):

Posted By: Rayelan
Date: Thursday, 26-Apr-2012 15:53:24

Press Release: 24 April 2012

Michael Tellinger

Launches Constitutional Court Action Against

Standard Bank; and

The South African Reserve Bank; and

The Minister of Finance.

After a slight technical hiccup last Friday at the Constitutional Court, regarding the binding of a substantially long legal document, Michael Tellinger made global history on the 23rd & 24th April 2012, in Johannesburg when he filed his 1100-page NOTICE OF MOTION against Standard Bank in the Constitutional Court of South Africa, accusing the bank of unlawful and unconstitutional activity. The case number allocated by the Constitutional Court is CCT 28/12.

Tellinger also served the NOTICE OF MOTION on the RESERVE BANK OF SOUTH AFRICA and the MINISTER OF FINANCE, alleging that they are jointly and consciously implicated in the unscrupulous and devious activity that has led to unimaginable financial hardship of the South African people.

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.

It is now official and it can be claimed that never before has such a case been brought against any of these corporations at this level anywhere in the world, where for the first time a layperson has been given direct access to the Constitutional Court regarding the devious activities of the banks.

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 and bringing economic justice to the people.

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, and in the process have enslaved millions of honest, hard-working South Africans to a life of misery and debt through the banks’ unconstitutional and unlawful activities.

This historic 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 its mandate to protect the people.

The Court is mandated to bring legislation in par with the constitutional framework principles and to develop common law principles. The legacy follows 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 Tellinger trusts that it will make its findings properly, 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.

Tellinger appeals to every South African that has been harmed by their bank to join this important action, so that it truly represents millions of honest, hardworking and trusting citizens who have been unable to do so for themselves.

Thousands have been repeatedly 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 are powerless to do anything about it.” Said Tellinger

He added that “People are completely oblivious to how they have been conned and deceived by their banks about money and how it is created, 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 South Africa in the loudest voice ever presented at the Constitutional Court. Please go to http://www.thebigcase.co.za and sign the petition page.

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

End.

[Sabrina]

Posted by KiwiElf (here)

Posted by Sabrina (here)
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.

This one is potentially huge if it's true?

Well I'd have thought so as well! But doesn't seem to be much 'noise' about it. As with the Drake claim that US states are lodging papers with International Hague Court to go back to original constitution (I keep banging on about this but shouldn't it be traceable and create a stir?). I'm the wrong side of the pond to dig too deep into all of this - any Avalonians in US know anything about any of the above?

[Sabrina]

Not going too well for Rupe - reputedly seemingly eager to help at the current London enquiry, but pretty cross and exasperated in the breaks....and isn't this really part of a much bigger tptb power struggle than is ever going to be reported?


http://www.telegraph.co.uk/finance/n...nto-BSkyB.html
27 April UK

Ofcom steps up 'fit and proper' probe into BSkyB
Ofcom has stepped up its probe into whether BSkyB is “fit and proper” to hold a broadcasting licence, demanding evidence from Rupert Murdoch’s News Corporation for the first time.

The regulator has called on News Group Newspapers, the News Corp subsidiary which publishes The Sun and, formerly, the News of The World, to hand over documents relating to numerous court battles with alleged victims of phone hacking by the tabloids.

Ofcom has sweeping powers to revoke the licence of any broadcaster whose owners or management it does not deem to be “fit and proper” to hold such power.

The longstanding piece of legislation has rarely been used to close a broadcaster down in the past, but came to the foreground last summer when Ofcom used it to throw into turmoil News Corp’s £8bn bid to take full control of BSkyB. News Corp eventually pulled the bid.

The regulator has already made it clear that James Murdoch’s resignation as chairman of BSkyB does not make the broadcaster immune to having its licence revoked under the legislation.

In a statement released on the day Mr Murdoch stepped down, Ofcom warned that a licensee includes “controlling directors and shareholders" for the purposes of the test.

Eleanor Steyn, a former Ofcom lawyer now at Michael Simkin, said: "These broadcasting licenses are so valuable that if the ultimate sanction is that Ofcom is going to revoke it, BSkyB and News Corp are going to want to get their house in order."

James Murdoch remains on the BSkyB board as a non-executive director, and News Corp controls a 39pc stake in the broadcaster, raising the prospect that he will have to step down altogether and News Corp will have to sell down its stake.
Ofcom said earlier this month that the probe had moved from a monitoring phase to “evidence gathering”, but this is the first time it has called for News Corp or any company in which it has an interest to hand over documents.

“As part of [its] ongoing assessment Ofcom has contacted News Group Newspapers requesting documents which it understands are held by the company and which may be relevant to this assessment. BSkyB is party to this correspondence,” the regulator said in a statement.

“The documents Ofcom is seeking relate to the civil litigation cases. Ofcom is seeking to obtain documents that were ordered to be disclosed in the civil litigation between numerous complainants and News Group Newspapers.”

[Sabrina]

NYSE Euronext director resigns after shareholder vote

The Wall Street Journal
NYSE Euronext suffered an embarrassing defeat on Thursday when shareholders voted against the re-election of Ricardo Salgado, a director who had drawn criticism for his failure to attend at least 75% of the meetings held last year by the exchange's board and the committee on which he serves, which oversees compensation and human resources.

Salgado, vice-chairman of Portugal's Banco Espirito Santo, immediately offered to resign, as required by the exchange group's bylaws. His fellow directors weren't required to accept his resignation, but the board agreed to accept his departure late Thursday.

¤=[Post Update]=¤

http://www.wantchinatimes.com/news-s...2&MainCatID=11


Reports of fund manager's resignation lead to massive pullout
Staff Reporter 2012-04-27
Wang Yawei, the deputy general of China Fund, one of the country's biggest fund families, may have submitted his resignation to the company. This information spread within the company and the fund investment market, leading to massive pullouts from the China AMC Large Cap Select Fund.

China AMC is the full name of Huaxia Fund Management Co.

Wang managed the fund for six-and-a-half years. The total return on the fund so far has been 1028%. Wang is reputed to be a star manager because China AMC Large Cap Select Fund performed the second best in the industry for four consecutive years since 2008.

Market observers are concerned about the damage the industry will suffer from Wang's resignation.

A source close to China AMC said media reports of Wang's resignation have led to massive redemptions of China AMC Large Cap Select Fund.

The company's financial report for the first quarter this year showed that both the sales and asset size of China AMC Large Cap Select Fund declined and one-fourth of the holdings in it were redeemed, the First Financial Daily reported.

Over the past few years, Wang's resignation has been incorrectly reported several times. However, this is the first time investors redeemed the fund's units in such large numbers.

China Fund has not denied Wang's resignation, and it is still unknown whether the company has accepted his resignation. Wang's resignation would have to be approved by the company's board of directors and the China Securities Regulatory Commission.

As an icon in the public equity fund industry, Wang's resignation could significantly impact the company and the industry, particularly at a time when China's securities regulators are seeking to rebuild investor confidence amid sluggishness in the industry, the report said.

[Sabrina]

Posted by Sabrina (here)

Posted by KiwiElf (here)

Posted by Sabrina (here)
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.

This one is potentially huge if it's true?

Well I'd have thought so as well! But doesn't seem to be much 'noise' about it. As with the Drake claim that US states are lodging papers with International Hague Court to go back to original constitution (I keep banging on about this but shouldn't it be traceable and create a stir?). I'm the wrong side of the pond to dig too deep into all of this - any Avalonians in US know anything about any of the above?

Ah thanks! Glasssteagallfan has posted this thread today - and there's a debate there as to what it really means and how excited to get or not get - could just get excited 'cos it's Friday I suppose .

The Drake paperwork is posted - FreedomReigns
The Drake paperwork is posted on the FreedomReigns.us website.

http://freedomreigns.us/States_Documents.html

[KiwiElf]

Posted by Sabrina (here)
Well I'd have thought so as well! But doesn't seem to be much 'noise' about it. As with the Drake claim that US states are lodging papers with International Hague Court to go back to original constitution (I keep banging on about this but shouldn't it be traceable and create a stir?). I'm the wrong side of the pond to dig too deep into all of this - any Avalonians in US know anything about any of the above?

Yup, me too - not my field of "expertise".
Was thinking more along the lines of the Liens filed against the Federal Banks. ie IF the above is true, then are those banks declaring they are insolvent? Guess we will find out sooner or later.

[sdv]

Michael Tellinger

Launches Constitutional Court Action Against

Standard Bank; and

The South African Reserve Bank; and

The Minister of Finance.

I subscribed for the newsletter and the good news is that they got the support they needed to submit. Yay! This is going to be very interesting. This is what the Constitution Court is for (like the Supreme Court in US) - to protect and uphold the Constitution and protect the people.

Yes, this is not a 'Drake' hoax because the Constitutional Court has a record of the case ...

CASES AWAITING DIRECTIONS: WEEK ENDING ON 26 APRIL 2012

CASE NO PARTIES DATE RECEIVED
CCT 14/12 Tibhi Mgeqevu and Another v The State 23.03.12
CCT 15/12 Maubane Business & Property Consultants CC v Toyota Financial Services (SA)(PTY) LTD 26.03.12
CCT 16/12 Mario Gaspare Oriani-Ambrosini, MP v Maxwell Vuyisile Sisulu, MP 02.04.12
CCT 17/12 Congress of the People and Others v Mbhazima Shilowa and Others 04.04.12
CCT 18/12 Tony Phakiso Seganoe v The State 04.04.12
CCT 19/12 Mokone & Mokone Attorneys v Minister of Justice and Constitutional Development 12.04.12
CCT 20/12 Dudley Lee v The Minister of Correctional Services 17.04.12
CCT 21/12 R Roestorf and Another v Johannesburg Municipal Pension Fund and Others 17.04.12
CCT 22/12 Andrew Kinloch Butters v Nomsa Virginia Mncora 18.04.12
CCT 23/12 Schubart Park Residents’ Association and others v The City of Tshwane Metropolitan Municipality and another 19.04.12
CCT 24/12 Minister of Home Affairs and another v Kadire Ibiro Ersumo 20.04.12
CCT 25/12 Giant Concerts CC v Rinaldo Investments (PTY) Ltd and others 20.04.12
CCT 26/12 Beweging Vir Christelike Volkseie Onderwys and Others v The Minister of Education 23.04.12
CCT 27/12 Murray & Roberts Limited and Others v National Scrap Metal (Cape Town) (PTY) Ltd and Another 23.04.12
CCT 28/12 Michal Julius Tellinger v The Standard Bank of South Africa Limited and Others 23.04.12CCT 29/12 Makhubele Hlengani Josias v National Director of Public Prosecutions and Another 25.04.12
CCT 30/12 South African Council For Consulting Professional Planners and Others v City of Johannesburg Metropolitan Municipality and Others 25.04.12

Go to the website yourself and find the evidence .. .
http://www.constitutionalcourt.org.za/site/home.htm

The bad news is that President Zuma got one of his cronies appointed as head of the Constitutional Court (despite vigorous public opposition). So, will the Constitutional Court actually hear the case?

[childs hood end]

Former Fianna Fáil TD Ned O'Keeffe has been arrested this morning by gardaí investigating alleged expenses fraud.

Mr O’Keeffe, who resigned his Cork East seat at the general election, was arrested at his home in Mitchelstown this morning by officers from the Garda Bureau of Fraud Investigation.


http://news.ie.msn.com/ex-ff-td-ques...by-fraud-squad

[bekrah]

I'm not sure if this has been posted already. I found it on the FreedomReigns forum. I'm not sure how reputable of a source it is or not, you guys would probably know better than me. However they do give some case numbers regarding this guys arrest toward the bottom of the article. ...quoted below

Herzog’s Berlin Court arrest is filed under Charge Case No. 83 Js 960/06. His arrested associates to date are Josef Birch, Case No. 83 Js 792 /05, address given as 34/36 King Edward Street, Darlaston, West Midlands, UK and Heinz Bosche, Case No. 47 Js 127/06.

http://tdarkcabal.blogspot.com/

Well ... two weeks ago, Dr. Michael Herzog was arrested in Germany following police raids on his home and the homes and offices of several of his criminal associates. As the circle widens, Dr. Herzog’s activities are creating major implications for all of the crooked political, banking and US Government parties that have assisted him. Herzog is now in deep, deep trouble and his associates will all follow in the same footsteps. How do we know this? We now know who they are from the reams of notes, transaction receipts, pay orders with instruction sets, and transcripts of Herzog and his associates illicit acts.

Apparently he was detained for further questioning and implicated a number of people:

Bush, Ackermann, Dewhurst, Romney plus hundreds of people in the world financial markets, at the highest levels, in the agencies, past Presidents and elected leaders of numerous countries, our American Congressman and Senators are all named.

[Sabrina]

Posted by bekrah (here)
I'm not sure if this has been posted already. I found it on the FreedomReigns forum. I'm not sure how reputable of a source it is or not, you guys would probably know better than me. However they do give some case numbers regarding this guys arrest toward the bottom of the article. ...quoted below

Herzog’s Berlin Court arrest is filed under Charge Case No. 83 Js 960/06. His arrested associates to date are Josef Birch, Case No. 83 Js 792 /05, address given as 34/36 King Edward Street, Darlaston, West Midlands, UK and Heinz Bosche, Case No. 47 Js 127/06.

http://tdarkcabal.blogspot.com/

Well ... two weeks ago, Dr. Michael Herzog was arrested in Germany following police raids on his home and the homes and offices of several of his criminal associates. As the circle widens, Dr. Herzog’s activities are creating major implications for all of the crooked political, banking and US Government parties that have assisted him. Herzog is now in deep, deep trouble and his associates will all follow in the same footsteps. How do we know this? We now know who they are from the reams of notes, transaction receipts, pay orders with instruction sets, and transcripts of Herzog and his associates illicit acts.

Apparently he was detained for further questioning and implicated a number of people:

Bush, Ackermann, Dewhurst, Romney plus hundreds of people in the world financial markets, at the highest levels, in the agencies, past Presidents and elected leaders of numerous countries, our American Congressman and Senators are all named.

Thanks Bekrah. Here's the story on the White Hats Report:
http://tdarkcabal.blogspot.co.uk/

Love it that comes up on the so called 'alternative' 'conspiracy' sites thru' google, but startling silent under main stream media.

April 27, 2012 - The White Hats Report #40
Dr. Michael Herzog Arrested By German Authorities – Has Great Voice, Sings Like A Pro.

THE PAST FOURTEEN DAYS

Please recall the winner-takes-all media confrontation between the White Hats Reports #35, #38 and #39 and a well known International Hedge Fund wherein Dr. Herzog tried to use a namesake as a front, hired some high priced legal muscle and used the well known fund to shield himself and his fraudulent activities for the beneficial interest of Mitt Romney and Jeb Bush.

Well ... two weeks ago, Dr. Michael Herzog was arrested in Germany following police raids on his home and the homes and offices of several of his criminal associates. As the circle widens, Dr. Herzog’s activities are creating major implications for all of the crooked political, banking and US Government parties that have assisted him. Herzog is now in deep, deep trouble and his associates will all follow in the same footsteps. How do we know this? We now know who they are from the reams of notes, transaction receipts, pay orders with instruction sets, and transcripts of Herzog and his associates illicit acts.

In addition, Dr. Herzog was detained for further questioning yesterday. The outcome? Dr. Herzog has a great voice and is singing like the Mormon Tabernacle Choir. Bush, Ackermann, Dewhurst, Romney plus hundreds of people in the world financial markets, at the highest levels, in the agencies, past Presidents and elected leaders of numerous countries, our American Congressman and Senators are all named. Yes, it has been a treasure trove of names, places and events, including orders for physical violence up to and including termination for those that did not cooperate in the methods of the Cabal. The Bird is out of the cage and the cats hate the harmonious singing.

As if all of the above wasn’t enough to swallow for one week, selective high level members of the House of Lords were informed last night that Josef Ackermann has been taken in for questioning on numerous issues instigated by Merkel, and that large scale operations are now planned with cross border cooperation, as the Cabal’s International Network gets publicly unraveled. Greenspan is now the subject of ever more allegations and inquiries. Tony Blair's Vatican accounts and his JP Morgan bagman role is now being assessed, as is his history of receiving Bush related funds. The net is now closing in on many of them.

Ackermann was sidestepped for a key Bilderberg role. Now serious criminal investigations will intensify the focus on both he and Deutsche Bank. The Berlin Federal Prosecutors Office is focused on the trail of crime linked to Herzog and the immense scale of US Political Racketeering and CIA collusion which is emerging.

Herzog’s Berlin Court arrest is filed under Charge Case No. 83 Js 960/06. His arrested associates to date are Josef Birch, Case No. 83 Js 792 /05, address given as 34/36 King Edward Street, Darlaston, West Midlands, UK and Heinz Bosche, Case No. 47 Js 127/06.

We have information and belief that Birch supplied a false address and believe this is a Joseph Birch from Cornwall. In fact, it is believed to be Sir Joseph Birch, a well known Bush crony and associate, which we are now tracking, to help German Police and have him deported back to Germany. If this is the Joseph Birch we believe it may be, he comes with a long history of fraud, litigation and Bush connections.

In other significant news, it has been learned that Sarkozy needs to assist in the release of the Global Settlements to save his Presidency. Merkel needs it to save the Euro and EU model. If the EU goes, Germany's industrial base will collapse.

We are continuing to unravel the web of criminal conspiracy of the international Cabal. Germany's arrest of Herzog and associates is a major first step as it will lead investigators to the central, prominent cabal members in Europe and America. We have named just the first few. We will continue naming names, especially of those in the US through a series of reports that will be released starting next week.



and some thoughts here:

http://removingtheshackles.blogspot....what-week.html

[Sabrina]

Some more info. mentioning Herzog from the past here:


http://upintelligence.multiply.com/r...reviews%2Fitem


http://www.intfico.com/files/Image-Brochure.pdf

[Sabrina]

Looks like another leaving party will be scheduled soon - altho' of course he's no doubt another pawn and lower down minion blamed for colluding with the Murdoch empire.


http://www.telegraph.co.uk/news/ukne...BSkyB-bid.html
28 April UK

David Cameron opens way for inquiry into Jeremy Hunt over BSkyB bid

Downing Street has distanced itself for the first time from Jeremy Hunt, the Culture Secretary, as questions mount over his dealings with the Murdoch empire.


David Cameron's spokesman opened the way for a Whitehall inquiry into Mr Hunt's conduct today and said: "If there is anything that suggests there has been a breach of the code the Prime Minister would of course act."

The statement is the first acknowledgement from Mr Cameron that Mr Hunt's future is in doubt.
It appears to increase the likelihood of a formal inquiry into whether he breached the ministerial code while he was considering whether Rupert Murdoch's News Corporation would be allowed to take full control of BSkyB, the broadcaster. Ultimately an inquiry into his ministerial conduct could order his removal from office.

[Sabrina]

Mis-selling is rife - let's see them really have a go at.

http://www.telegraph.co.uk/finance/r...s-selling.html

28 April UK

Vince Cable told to change law over bank mis-selling

Pressure is growing on the Government to change the law so that small businesses that claim they have been mis-sold complex interest rate derivatives by Britain’s largest banks can take collective legal action.

Vince Cable has been accused by Labour of doing little to help victims, even though many have been driven to the point of bankruptcy as interest rates have fallen to historic lows.

The Financial Services Authority is now working on an in-depth review of the claims, which could potentially lead to a full investigation of how lenders, including Barclays, Lloyds Banking Group, HSBC and the Royal Bank of Scotland, sold interest-rate-hedging products to small and medium-sized businesses.

“The Government’s response so far simply hasn’t been good enough. Small businesses are on the brink and they have done nothing,” said Toby Perkins, shadow small business minister.

Writing in The Sunday Telegraph this weekend, Mr Perkins and Chris Leslie, shadow treasury minister, reveal they have written to Mr Cable and the Treasury minister, Mark Hoban, calling for an urgent amendment to the Financial Services Bill to improve the rights of small business to take action against the banks.

[Sabrina]

http://the2012scenario.com/2012/04/s...o/#more-114233

Love him or hate him, here's Sheldan Nidle's timeline on the arrests. Use discernment obviously, but this is put here as a point of interest and the anti-channelers can take a Sunday nap (will they even find this hidden away - or will steam start to come out of their ears - again....... ).

[Sabrina]

OK who knows? But who does know...... I'd personally avoid some of the negative confusion suggestions in some of this. Also fail to see why parts of alleged St Germain Trust goes directly to light workers (altho' many of us may be that). It's a seducing story for those wanting some money, but shouldn't abundance be shared worldwide? All sorts of info. is being ramped up at the moment....S.

http://2012portal.blogspot.ca/2012/0...lorer4_28.html

Posted by Cobra at 4:27 AM

Saturday, April 28, 2012
New Financial System

Most of this intel comes from sources deep within occult economy and it pertains to the restructuring of the financial system worldwide.

Reset

This will happen at the time of the Event and is actually part of the operation.

Day 1

When the critical mass of pressure is exerted upon the Federal Reserve it will be forced to repay debt that it owes to people due to its fraudulent operations. Since Fed does not have money to repay that debt, it will go bankrupt. This will trigger a chain reaction of BIS, IMF, World Bank and all central banks worldwide going bankrupt also.

Extreme volatility in markets will result in a worldwide stock market crash. Stock exchanges will close, including NYSE. All financial instruments such as options and credit default swaps will be zeroed out.

All shadow accounts will be closed and zeroed out. All public bank accounts of the Cabal will be seized. All foreclosures will be frozen, as well as all public and private debt (mortgages, loans, credit card debt).

Day 2-7

Banks will be closed and there will be a lot of uncertainty and confusion. Some businesses will be temporarily closed. Some of those that remain open may accept cash, other will only accept gold or silver coins. Credit cards will not be accepted as the system will go down. There might be moderate problems with distribution chain, it is wise to stock up some food and gasoline.

Revaluation (RV)

After about 1 week from the Event

There might still be light problems in the distribution chain.

New financial system will be introduced. It will be backed up with Yama****a gold. That gold will be stored in locations that are not to be disclosed yet. Yama****a gold will not be traded in open markets. Basket of currencies such as US dollar, Euro, British pound, Swiss franc, Japanese yen and Chinese yuan will form the basis of this new system.



Those banks that did not have strong connections with Federal Reserve and did not go bankrupt will reopen. They will not be allowed to charge interest. All their accounting will be fully transparent to the public. Stock market will not reopen.

Revaluation will take place. It means that the exchange rates between various currencies will change, but not drastically They will reflect more truly the real productivity of nations. Iraqi Dinar will not gain much value, contrary to speculations of many people. Federal Reserve notes, Euro banknotes and other banknotes will be widely accepted, until they are phased out in a few months and new money is printed.

All fair business agreements, contracts and responsibilities worldwide will be kept valid and will be respected. Those business agreements that involve criminal or fraudulent interactions with the Cabal will be cancelled, null and void.

In a few weeks

Multinationals will be obliged to buy back their shares and this will effectively force them to go bankrupt. They will be split and healthy portions of those companies will be nationalized in their own countries.

The existence of Global Settlement funds will be then introduced to the public. Those funds include about $ 70 trillion from old money patriots connected to the Positive Military, $ 100 trillion from White Dragon Society and Templar groups, $ 120 trillion from Resistance Movement and $ 10 trillion from Saint Germain Trust. Global Settlement funds will also include all money and assets from the Cabal.

Global Settlement funds will be used for many purposes. First, all national, public and private debt will be paid off worldwide. After that, all people will receive restitution for all theft and criminal activity against them by the former Cabal. Then prosperity funds will be released and humanitarian, environmental and new advanced technology projects funded. Part of the money from Saint Germain Trust will go directly to Lightworkers, the rest of it will fund projects connected to the introduction of the First Contact.