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DrDebug Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-27-06 04:59 PM
Original message
Feel free to add any sublink to this story
Edited on Tue Jun-27-06 05:44 PM by DrDebug
Basically grab 4-5 paragraphs of the original story and mark out the keywords with bolding because that's easy for glance reading. Add the source. I already see that Blackstone once again ties in AIG and Kissinger and featured in Enron as well. Enron was probably a similar fraud game played by the same group of friends and people discovering Enron might look at AIG as well.

The Blackstone Groupis a private investment banking firm and describes itself as a "leading global investment and advisory firm." The Blackstone Group was founded in 1985 by a group of four, including Peter G. Peterson and Stephen A. Schwarzman.

The Blackstone Group has ties to American International Group, Inc. (AIG) and Kissinger Associates, Inc./Henry Kissinger. According to the Blackstone website, AIG acquired a 7% non-voting interest in the company in 1998 for $150 million "and committed to invest $1.2 billion in future Blackstone-sponsored funds".

"Blackstone has developed strategic alliances with some of the largest and most sophisticated international financial institutions. In addition to AIG, they include Kissinger Associates, Roland Berger & Partner, GmbH, and Scandinaviska Enskilda Banken," the website states (1)

In December 2001, The Blackstone Group was appointed as Enron's principal financial advisor with regard to its financial restructuring. (2) he company also advised Enron on "the Sale of its North American Power and Gas Trading Business to UBS" (3)


Blackstone Group & 7 World Trade Center

New York, NY October 17, 2000: Blackstone Real Estate Advisors, the global real estate investment and management arm of The Blackstone Group, L.P., announced today that it has purchased, from Teachers Insurance and Annuity Association, the participating mortgage secured by 7 World Trade Center, a commercial office complex controlled by real estate developer Larry Silverstein. (1)

But before the building can rise further than the substation, major financing issues have to be resolved by Larry Silverstein, who controls the long-term lease on 7 World Trade Center as well as the World Trade Center complex. The good news for Mr. Silverstein is that the company that insured 7 World Trade, Industrial Risk Insurers, has indicated that it will make a full payment under its $861 million policy. But it's not clear whether Mr. Silverstein can use those proceeds to start building without first reaching an agreement with the mortgage holder on 7 World Trade Center, Blackstone Real Estate Advisors. (2)

Kissinger McLarty Associates has a strategic alliance with the Blackstone Group. The Blackstone Group describes their relationship thus:
Blackstone's alliance with Kissinger McLarty Associates is designed to help provide financial advisory services to corporations seeking high-level strategic advice. The relationship was announced in 2000 and recently completed its first strategic advisory assignment on behalf of a NYSE-listed company.(3)

Infact the alliance also incorporates Maurice Greenbergs American International Group, as per this press release on February 21st 2000:

American International Group, Inc. (AIG), The Blackstone Group L. P. and Kissinger Associates Inc. announced the establishment of a new venture to provide financial advisory services to corporations seeking high-level independent strategic advice. <> The venture will operate globally and will take advantage of the existing relationships between the partners:

AIG has an ownership interest in Blackstone and is an investor in several of Blackstone's private equity funds;
- AIG and Blackstone have a joint venture, specializing in restructuring and M&A advisory services in selected Asian countries;
- Henry Kissinger chairs both AIG's International Advisory Board and the advisory boards of several AIG-sponsored Infrastructure Funds.

The AIG-Blackstone-Kissinger Associates venture recently completed its first advisory assignment on behalf of a New York Stock Exchange listed U.S. company.

(note: M&A means Mergers and Acquisitions)


And much more:

Blackstone is interesting because it ties Northrop Grumman in the diagram which is at the heart of the Military Industrial Coplex. It doesn't proof that they are directly involved, but they did benefit as well.

Peterson ties in with CFR, Federal Reserve and was a former CEO of Lehman Brothers who was one of the "victims" in 9/11 as well as one of the insider traders. Swarzman once again goes to Lehman Brothers.
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