"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, August 25, 2006

Prison Profits - the Aristocracy of etc.,

Lord Patel never ceases to be amazed by the sites available on the World Wide Web - this one popped up after the recent story about the 5.5 ton Cocaine haul chronicled by ace reporter from FL Dan Hopsicker. I recommend it.( Beware pdf format.) Brilliant and bewildering and esssential reading from a cool, clear headed lady.

Catherine Austin Fitts worked for Dillon Read of Wall Street, . She doesn't anymore. This is her fascinating 132 page story .. power, money, drugs and no rock and roll ..

Dillon Read & Co. Inc. And the Aristocracy of Prison Profits
by Catherine Austin Fitts

In April of 1981, Bechtel, working through the Bechtel private venture arm Sequoia, bought the controlling interest in Dillon Read from the Dillon family, led by C. Douglas Dillon, former U.S. Treasury Secretary and son of the firm’s namesake, Clarence Dillon. This was a time when Bechtel was facing increased competition globally while experiencing a decline in the nuclear power business that they had pioneered.

We found ourselves with new owners whose operations were an integral part of the military and intelligence communities and who had demonstrated a rapacious thirst for drinking from the federal money spigot. George Schultz, former Secretary of the Treasury during the Nixon Administration, and now Bechtel executive, joined our board.
Lord Patel's legendary sharp eyed readers will pause here and reflect who's Bed and Breakfast establishment Tony Blair stayed at on his recent visit to the Californian West Coast to see his old pal Rupe Murdoch, purveyor and printer of tits, tattle and terror.

Read on ....


Anonymous said...

Lord Patel
The link on this article isnt working

Postman said...

Fixed. Blogger for some reason puts garbage in the front text of links.

It also for some reason duplicated the piece.

Apologies from the Technical and Services Division of Lord Patel Enterprises Ink

IT's 152 pages but well worth the read ...it also puts a perspective on the UK use of private compoanies to run prisons and especially Jogn Reid's stated inention of finding 10,000 more prison places.

There is also an interesting pce in last week's Rolling Stone about the corruption of local authorities in building prisons in the towns of South Texas near the border with Mexico.

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish