Lehman Brothers Examiner Files Sealed Report on Probe

[Robbien]

Source: Bloomberg

Feb. 8 (Bloomberg) -- An examiner probing Lehman Brothers Holdings Inc.’s 2008 failure filed under seal his report investigating whether banks such as JPMorgan Chase & Co. and Barclays Plc triggered or improperly benefitted from Lehman’s $639 billion bankruptcy.

Examiner Anton Valukas said today in court filings he would ask a judge for help in making the report public if people he interviewed didn’t consent to lift their demands for confidentiality. The report is about 2,200 pages excluding appendixes, and divulges so much “protected information” that it would be impractical to black out those parts before publication, he said.

Valukas, 66, spent a year and $34 million probing the failure of the fourth-largest investment bank by interviewing more than 100 people and scrutinizing more than 10 million documents, according to filings.

The report should be “a public document open to examination,” he said in the filing. There is “strong presumption and public policy in favor of public access to court records.”

Read more: http://www.businessweek.com/news/2010-02-08/lehman-examiner-seeks-to-file-sealed-report-on-investigation.html

---

[niyad]

1. unless lehman brothers was producing top-secret weapons for DOD--there is NO reason for that

damnded report to be sealed.

[brentspeak]

9. Lehman was producing weapons of mass financial destruction

Pumping up a doomed subprime market, then concocting and peddling toxic derivatives.

[AllentownJake]

2. In the 1930s the investigations were held in public

and broadcast over the the radio. In 2010, the banksters claim they need national security protection.

[sam sarrha]

4. since when is laundering drug money ..a matter of National Security..??

[Jackpine Radical]

5. Since the CIA got involved.

[Demeter]

7. The Hearings Were Public and There Were Consequences

People went to jail or paid fines or were otherwise dissuaded (Prescott Bush comes to mind)...



"WASHINGTON - After 60 years of inattention and even denial by the U.S. media, newly-uncovered government documents in The National Archives and Library of Congress reveal that Prescott Bush, the grandfather of President George W. Bush, served as a business partner of and U.S. banking operative for the financial architect of the Nazi war machine from 1926 until 1942, when Congress took aggressive action against Bush and his 'enemy national' partners.
"The documents also show that Bush and his colleagues, according to reports from the U.S. Department of the Treasury and FBI, tried to conceal their financial alliance with German industrialist Fritz Thyssen, a steel and coal baron who, beginning in the mid-1920s, personally funded Adolf Hitler's rise to power by the subversion of democratic principle and German law.
"Furthermore, the declassified records demonstrate that Bush and his associates, who included E. Roland Harriman, younger brother of American icon W. Averell Harriman, and George Herbert Walker, President Bush's maternal great-grandfather, continued their dealings with the German industrial baron for nearly eight months after the U.S. entered the war... " (Bush - Nazi Link Confirmed)

The grandfather of President George W. Bush (Skull & Bones, 1968) was Prescott Bush (Skull & Bones, 1917), and his great grand father was George Herbert Walker. Prescott Bush and George Herbert (Bert) Walker were directors of the London-affiliated New York banking house of Brown Brothers-Harriman and its various fronts, which funded and directed the military-industrial complex behind Hitler and the Nazi revolution. In 1919, George Herbert Walker had organized W.A. Harriman & Co which merged with the British Brown Brothers in 1931. In 1924, Averell Harriman (Skull & Bones, 1913) and Fritz Thyssen, the German industrialist who began funding Hitler in 1923, set up the Union Banking Corp in New York to handle funds supplied to it through Thyssen's Dutch bank for American investment. Prescott Bush, who had been an officer of the W.A. Harriman bank since 1926, was a director of the Union Banking Corp from 1934 through 1943. According to government documents, "all of the shares of the Union Banking Corp., were held for the benefit of members of the Thyssen family."

The federal government did not crack down on the Bush-Harriman/Nazi operation until 1942. After the war, Congressional investigation revealed that Fritz Thyssen's German Steel Trust, Germany's largest industrial corporation, which interlocked with Union Banking Corporation, produced a high percentage of Germany's national output of metal products and explosives. Vesting Orders signed by the Office of Alien Property Custodian, Leo T. Crowley, which were "published in obscure government record books and kept out of the news, explained nothing about the Nazis involved; only that the Union Banking Corporation was run for the 'Thyssen family' of 'Germany and/or Hungary'-- 'nationals...of a designated enemy country.'"

In October 1942, ten months after entering World War II, America was preparing its first assault against Nazi military forces. Prescott Bush was managing partner of Brown Brothers Harriman. His 18-year-old son George, the future U.S. President, had just begun training to become a naval pilot. On Oct. 20, 1942, the U.S. government ordered the seizure of Nazi German banking operations in New York City which were being conducted by Prescott Bush.
Under the Trading with the Enemy Act, the government took over the Union Banking Corporation, in which Bush was a director. The U.S. Alien Property Custodian seized Union Banking Corp.'s stock shares, all of which were owned by Prescott Bush, E. Roland 'Bunny' Harriman, three Nazi executives, and two other associates of Bush. 1.

'E. Roland Harriman--3991 shares'
'Cornelis Lievense--4 shares'
'Harold D. Pennington--1 share'
'Ray Morris--1 share'
'Prescott S. Bush--1 share'
'H.J. Kouwenhoven--1 share'
'Johann G. Groeninger--1 share'
"all of which shares are held for the benefit of ... members of the Thyssen family, is property of nationals ... of a designated enemy country...." http://watch.pair.com/reich.html

[AllentownJake]

8. It is a shame Prescott wasn't line up against a wall and shot for treason

a damn shame.

[Jefferson23]

3. Here is hoping for transparency and maybe some justice too.

[Patchuli]

6. Yes and maybe our IRA back too?!!!!!!!!!

:nuke: :grr: