Meanwhile, Abu Dhabi/UAE has picked a bank for its sovereign wealth fund: 1 guess which BFEE bank.

[IdesOfOctober]

http://news.google.com/news?hl=en&tab=wn&ned=us&ie=UTF-8&q=%22state+street%22+%22abu+dhabi%22+sovereign+wealth&scoring=d">Crooks of a feather bank together.

Ides

[AntiFascist]

1. Is this the heroin wealth fund or...

the 'laundered donations to keep oil prices high' fund?

[IdesOfOctober]

2. Yes.

[Truth2Tell]

3. K&R nt

[BeHereNow]

4. More Pillaging of the People.

Guess this explains Shrub's recent visit to the ME-
It was time to celebrate the further bilking and transfer of wealth
out of the US.

http://money.cnn.com/news/newsfeeds/articles/newstex/IBD-0001-22250532.htm
"In State Street's core custodial business, the biggest growth driver is overseas customers. The company generates 43% of revenue from abroad, with an aim toward generating 50% from non-U.S. business.

As the pool of global assets outside the U.S. grows rapidly, demand for custody banks is skyrocketing. State Street recently won the custody business of the National Pension Service of South Korea and Abu Dhabi Investment Co.

"Those sovereign wealth funds have a lot of money and are looking to diversify their investments," said analyst Long, pointing to Abu Dhabi's recent $7.5 billion cash injection for struggling Citigroup (NYSE:C) C. In deals involving those investments, global custodians play a big role in back-office work.

China also started outsourcing asset management services for the first time, and State Street's rival, Northern Trust (NASDAQ:NTRS) NTRS, won China's multibillion-dollar National Social Security Fund as a client in 2006."

But not to worry, Hillary and Obama will save us.
Not a fucking peep out of either of them on this latest
rape of we, the people.
Uh-huh.
BHN

[IdesOfOctober]

7. Hide your sheep.

[IdesOfOctober]

9. And your wallabies.

[Clark2008]

26. Don't you just love it when Republicans say the market will

correct and solve everything?

:rofl:

They're so funny...














NOT.

[DemReadingDU]

5. Yikes!

the bank of the crooks, by the crooks, for the crooks

[IdesOfOctober]

6. BFEE- er, FDIC - guaranteed!

Whoosh! Pneumatic tube straight to Dubai.

Ides

[IdesOfOctober]

8. State Street to offer $500 M in securities, guess who's gonna buy it?

http://news.google.com/news?hl=en&tab=wn&ned=us&ie=UTF-8&q=%22state+street%22">Another transfer to the offshore overlords is underway.

Ides

[BeHereNow]

10. Fuck-a-rama.

We be really fucked.
BHN

[IdesOfOctober]

11. That's a close approximation of the position.

[RB TexLa]

12. State is one of the best custodians there is. Not surprising smart people chose them

[IdesOfOctober]

13. Back away from the trade rags.

And note the advertising in them.

Ides

[RB TexLa]

14. Don't need any trade rags to know how well they do their job

they've taken a hit lately but, I wouldn't worry about them that much.

[IdesOfOctober]

15. Gotcha.

[CorpGovActivist]

16. Smart People Like Dick Cheney Choose State Street

http://www.google.com/search?hl=en&q=%22state+street%22+halliburton+decade">Did I say "smart"? I meant shrewd.

http://www.sec.gov/cgi-bin/browse-edgar?type=11&dateb=&owner=include&count=40&action=getcompany&CIK=hal">Halliburton's annual employee savings plan reports show when the relationship began.

Who appointed the plan committee members while Cheney was CEO?

Well, at many companies, that would be the CEO, with the rubber stamp of the Board, if needed (often not).

The exact amount of fees paid by Halliburton to State Street and its affiliates, jv's and the like, can be found at http://www.freeerisa.com/5500/Form5500.asp?mode=SEARCH">FreeERISA.com, with a free subscription.

Of course, that doesn't include Halliburton affiliates and subsidiaries like the Bush Family asbestos shame company, http://www.google.com/search?hl=en&q=dresser+industries+prescott+bush+george">Dresser Industries, or http://www.google.com/search?hl=en&q=kbr+nigeria+bribe">KBR, the recently spunoff unit of Halliburton that is in the news for all the wrong reasons.

And State Street does some really interesting financial transactions in places like the http://www.sec.gov/Archives/edgar/data/93751/000110465907012016/a07-2771_1ex21d1.htm">Caymans.

- Dave

[RB TexLa]

17. Along with thousands of CEO's and money mangers around the world, so every one of them choose

State as their custodian for sinister reasons?

[CorpGovActivist]

18. No, Some Buy the Hype...

... when State Street's well-oiled marketing machine produces the marketing slicks of the "super secret" client list.

Interestingly, as soon as Shannon P. O'Brien (Dem) took over from Joe Malone (R) as State Treasurer in MA, the hometown BushCo. bank got the boot after a competitive bidding process (something Malone hadn't put STT executives thru, given their hefty bundled campaign donations to him over the years).

If you'd like, I can provide links to financial press items and Boston media items.

- Dave

[RB TexLa]

20. No thanks, don't care to read about them losing a bid for a state contract

[CorpGovActivist]

21. I'll Wake You When the Class Action Verdicts Are Rendered Then

http://www.google.com/search?hl=en&q=%22state+street%22+class+action+pension">State Street's antics are being studied in law schools now.

For all the wrong reasons.

- Dave

[IdesOfOctober]

28. Here, have some catnip.

[sicksicksick_N_tired]

29. 'Splain to me how this fails to meet the threshhold of treason?

Oh! That's right! ECONOMICALLY-DRIVEN TREASONOUS ACTIVITIES DON'T COUNT!!!

These effers make fire and pitchforks look like heaven. They STARVE anyone and everything TO DEATH!!!

Gross! :puke:

[IdesOfOctober]

30. I'd tag them for other activities to meet the treason label.

[Rex]

19. And the theft of a nation continues...

Assholes one and all. I hope they burn for eternity in Hell!

[IdesOfOctober]

22. Birth of a perp walk.

[Rex]

23. March them to the International Court

and let them take their chances. They certainly took chances with our nation and the world! Now let the world show the perps how much it loves them!

I'm thinking orange jumpsuits for Cheney and Bush is a waste of material. Strip their asses down to barebones and let them freeze in a fucking gulag (wow, I'm really pissed off).

[IdesOfOctober]

24. Here, have some chamomile.

It's all gonna come out. No more Bushes, ever.

Ides

[DemReadingDU]

25. morning kick

[IdesOfOctober]

27. Happy Birthday!

So, tell more about this Zoroastrian Nosepicking thing. Am I REQUIRED to create a booger wall in my bedroom and burn incense there, or can I skip that part and have a deathbed nosepicking?

[BeHereNow]

31. Kicking for those still suffering from the "Two-Party delusion syndrome"

BHN:evilgrin:

[IdesOfOctober]

32. But isn't the Shieldmaiden of Corporate America the True Harbinger of Changiness?

[IdesOfOctober]

33. Take a double shot of reality and call me in the morning.

:evilgrin:

[Octafish]

34. Thanks for the heads-up, Ides. The super-rich moved their loot to Switzerland long ago.

Unlike America's Corporate McPravda, UK's "The Guardian" covers what's going on:

Super-rich hide trillions offshore

• Study reveals assets 10 times larger than UK GDP
• Exchequers deprived of hundreds of billions in tax

http://politics.guardian.co.uk/economics/story/0,11268,1446127,00.html

[IdesOfOctober]

35. Thank you for the link. Your extensive work ties in nicely on these issues.

Follow the money is still one of the most important axioms in politics.

:toast:

Ides

[IdesOfOctober]

36. Who else does Dubai fund? Clintons?