by Carl Herman
March 3, 2012
Judge Andrew Napolitano testifies of Treasury Secretary and Federal Reserve-insider
Timothy Geithner’s arrest in this 4-minute corporate news show. American
Kabuki lists the daily-increasing bank resignations.
Benjamin Fulford explain and
document history and deceit at the top of US and global finance, leading to
current and imminent arrests.
What does this mean?
Anyone with intellectual integrity and moral courage can affirm that
Federal Reserve system is guilty of financial fraud at its core.
“emperor has no clothes” reason is they lie in omission and commission with
a fiduciary responsibility:
they create debt for what we use as money
charge the 99% increasing aggregate interest
then tell us this is responsible
leadership for the public good
I teach college-level economics; the facts of a debt-based “monetary
system,” unpayable and increasing aggregate debt, and increasing per capita
interest costs is conservative textbook information.
If you want to
understand, I’ll walk you through here.
There’s more to the charge of financial fraud at the top of US economic and
financial policy, of course. I recommend the documentation of Matt Taibbi
and David DeGraw to dive-into details of the crimes, and Ellen Brown and
American Monetary Institute to explore solutions.
Is current news of Geithner and bank “leadership” resignations evidence of
an “emperor has no clothes” breakthrough?
The people I work with and I,
don’t know. What we do know is that until we have justice with the 1%’s
crimes centering in war and money, we’ll continue to document the facts and
demand their arrests. These crimes kill millions, harm billions, and loot
trillions of our dollars every year.
Until we have justice and policies for 100% of Earth’s inhabitants, it’s
just another day of civic activism.
More at below report:
Mass Banking Resignations Signal...
A Purging Has Begun?
by Brandon Turbeville
March 6, 2012
According to a list compiled by independent
blog, American Kabuki, at least 122
banking directors, CEOs, and board members of both national and
international stature have resigned since September of last year.
The blog recently posted a list of all 122 of
these individuals with links to the announcements and reports of their
The fact that banks have been reshuffling their personnel is, of course,
nothing new. However, 122 resignations does seem like a large number,
particularly when one realizes that many of these resignations are coming
from relatively large institutions.
As a result, there has been much speculation and concern on the part of many
observers as to what these shifts actually mean.
While it should be mentioned that the list contains resignations from some
institutions that are relatively small in terms of international finance,
one might also do well to remember that banks, insurance companies,
corporations, and governments are often tied together by a seemingly
infinite number of spiderweb connections that only become visible as certain
parts of the financial relationships are unearthed.
To be clear, this writer is not suggesting that every single bank included
in this list is part of a criminal conspiracy, cover-up, or act of
misconduct. In fact, I am not suggesting that any of them are. However, when
it comes to some institutions such as the World Bank or the Bank of England,
the history of treachery is obvious and should be kept in mind as you draw
your own conclusions.
In fact, it is the resignations taking place amidst these larger
institutions that should be a cause for greater concern in the first place.
Indeed, the number of resignations taking place amongst large institutions
Lloyds Banking Group
Bank of America
...alone, should be enough to turn some heads.
But there is also an alarming number of central banks included on this list
as well. Perhaps the most surprising is the fact that Phillip Hildebrand,
the head of Switzerland’s central bank, recently
handed in his resignation.
Not only that, but there have been resignations
coming from several other central banks including,
the World Bank is now accepting the
resignation of Robert Zoellick.
The truth is, we don’t know what these resignations actually mean.
Are they merely coincidence?
Is this par for the course in the
international banking industry?
Or are we witnessing the beginning of a
rush for the exits by those who are in a position to see what is
coming down the pike? Considering the state of the world financial
system, this would not be too hard to believe.
Or are we witnessing a panicked flight
of the guilty on the eve of a coming round of real investigations?
Might there be a coming worldwide
financial scandal that these individuals would drastically like to
Either way, 122 resignations from September
to March at least sounds like a big number.
It would be nice to know exactly what the rate
of resignation was in previous years. Until we are able to find that number,
it might be wise for us to ask ourselves what these individuals know that we
Below is the list of resignations as compiled by
along with some additions at the end:
9/01/11 (USA NY) Bank of New York Mellon Chief Robert P.
Kelly Resigns in a Shake-UP
09/20/11 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND)
There could be no Scottish representative on the board of Lloyds Banking
Group, owner of Bank of Scotland, in future after it announced the
departure of Lord Sandy Leitch, the chairman of Scottish Widows and
group deputy chairman. http://goo.gl/Dx8qs
9/25/11 (SWITZERLAND) UBS CEO Oswald Gruebel quits over £1.5bn rogue
trader crisis http://goo.gl/WCeqB
9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per
end-April 2012 http://goo.gl/7dNiD
10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
11/01/11 (INDIA) More directors of the Beed district bank resign
11/02/11 (UK) Lloyds Banking Group chief executive, António Horta-Osório,
is to take leave of absence on health grounds for six to eight weeks,
the BBC has reported. (STILL OUT AS OF 2/24/12 - DEFACTO RESIGNATION)
11/21/11 (JAPAN) UBS’s Japan Investment Banking
Chairman Matsui to Resign
11/29/11 (USA) R. David Land Submits Resignation from
the Boards of Directors of Peoples Bancorp. and Seneca National Bank
12/15/11 (UK) Senior private banker James
Fleming resigns from Coutts [private bank]
12/23/11 (USA VA) Bank feud: Chairman Mark Giles quits
12/23/11 (USA VA) Bank feud: Board Member Claire
Gargalli quits VNB
12/23/11 (USA VA) Bank feud: Board Member Leslie
Disharoon quits VNB
12/23/11 (USA VA) Bank feud: Board Member Neal Kassell quits
1/01/12 (NIGERIA) United Bank for Africa Plc Victor
Osadolor resigns http://goo.gl/b6AoA
1/01/12 (ISRAEL) Israel's Bank Leumi CEO Galia Maor steps
down after 16 years http://goo.gl/xwlFt
1/03/12 (USA VA) Suffolk Bancorp president and CEO J.
Gordon Huszagh steps down
1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned
from the Board http://goo.gl/SKE7j
1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left
the Board. http://goo.gl/bzZtQ
1/05/12 (UK) Saunderson House [Private Bank] CEO Nick
Fletcher steps down
1/09/12 (SWITZERLAND) SNB Chairman Philipp
1/19/12 (SPAIN) Spanish bank Santander's Americas
chief Francisco Luzon quits
1/30/12 (UK) Butterfield Private Bank head Danny
Dixon Steps Down http://goo.gl/sdY1p
1/20/12 (JAPAN) Normura's head of wholesale banking Jasjit
Bhattai quits http://goo.gl/6FuWe
1/21/12 (Greece) Institute of International Finance
negotiator Charles Dallara quits
1/21/12 (Greece) Institute of International Finance
negotiator Jean Lemierre quits
1/29/12 (NEW ZEALAND) New Zealand Reserve Bank
Gov Alan Bollard to Step Down
1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO
Fred Goodwin Stripped of Knighthood
2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy
CEO Louis von Zeuner resigns
2/01/12 (UK) Lloyds Bankging Group head of
wholesaleTruett Tate quits
2/01/12 (UK) Llyods Banking Group Tim Tookey leaving
end of February http://goo.gl/vjO5M
2/02/12 (VENEZUELA) Banking Crisis Arne
Chacon arrested for Banking Corruption
2/05/12 (USA - NY) Morgan's investment banking
chairman Joseph Perella quit
2/05/12 (USA - NY) Morgan Stanley investment banking Tarek
Abdel-Meguid quit http://goo.gl/bRv9K
2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
2/7/12 (USA) Bank Of America's Mortgage Business
Chief Barbara Desoer Retires
2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
2/07/12 (IRAN) Iran denies central bank resignation
rumor (don't believe until its denied?)
2/09/12 (VATICAN) Institute for the Works of Religion
(IOR) Four Priests (names were not disclosed) charged In Vatican
Banking Scandal. CEO
Paolo Cipriani and bank president
Ettore Gotti Tedeschi (a member of Opus Dei) are under
2/9/12 (UKRAINE) National Bank of Ukraine deputy
governor Volodymyr Krotiuk quits
2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps
2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K
2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem
Abdulaziz Al Sabbah resigns
2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor
Rosales resigns http://goo.gl/iQ0n8
2/14/12 (UK) Social finance pioneer Malcolm Hayday quits
Charity Bank http://goo.gl/uHp6C
2/15/12 (WORLD) World Bank CEO Zoellick resigns
Did the White House tell the World Bank president that he's out?
2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor
CEO Andrej Plos resigns
2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d.
CEO Bozo Jasovic resigns
2/16/12 (UK) The Financial Services Authority Margaret
Cole is to step down
2/16/12 (GHANA) Databank Group Executive Chair Ken
Ofori-Atta steps down
2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing
Director Geoffrey Calvert Quits
2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter
Marriott resigns http://goo.gl/I7Alo
2/16/12 (UK) Royal Bank of Scotland Sr Equities
Trader Jason Edinburgh Arrested
2/16/12 (UK) Royal Bank of Scotland director equities
bus. Vincent Walsh director Arrested
2/16/12 (UK) Marex Spectron senior trader Michael
Elsom Arrested http://goo.gl/I7Alo
2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan
CEO Stephen Williams resigns
2/17/12 (USA) Goldman Sachs CEO Lloyd Blankfein out as
by summer http://goo.gl/UjpzD
2/17/12 (SWITZERLAND) SNB Council President Hansueli
2/18/12 (PAKISTAN) The Bank of Azad Jammu & Kashmir
executive Zulfiqar Abbasi resigns
2/20/12 (RUSSIA) Head of Russian Bank
Regulator Gennady Melikyan Steps Down
2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph
Tan resigns http://goo.gl/F5twL
2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi
2/20/12 (USA WA) First Financial Northwest
Director Spencer Schneider Quits
2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA)
Gen Mgr Benigno Velez, resigns
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd
director Abdul Matlub resigns conflict of interest with director
seat on unknown bank http://goo.gl/aEmwB
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima
Ahmad resigns conflict of interest with director seat on unknown
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd
director Abdul Musabbir Ahmad resigns conflict of interest with
director seat on unknown bank
2/21/12 (BANGLADESH) City General Insurance Co. Ltd
director Geasuddin Ahmad resigns conflict of interest with director
seat on unknown bank http://goo.gl/aEmwB
2/21/12 (BANGLADESH) Social Islami Bank Limited
director Taslima Akter resigns conflict of interest with director
seat on Eastland Insurance Company Limited
2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over
duties from Brian Mccappin, who the bank said in December would
resign after the unit was banned for two weeks from trading tied to
the London and Tokyo interbank offered rates.
2/22/12 (HONG KONG) DZ BANK project finance head Tim
Meaney quits http://goo.gl/ppKno
2/22/12 (USA) Goldman Sachs Hedge Fund Group
Chief Howard Wietschner to Retire
2/23/12 (SCOTLAND) Royal Bank of Scotland Group
director John McFarlane resigns.
2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real
Estate Kwang Meng Quek Resigns
2/27/12 (FRANCE) Societe Generale’s Investment
Banking Chief Michel Péretié Steps Down
2/27/12 (INDIA) Kotak Mahindra Bank Ms Falguni
Nayar Quits http://goo.gl/pTbII
2/27/12 (BAHRAIN) - Mumtalakat Holding [Sovereign
Wealth Fund] CEO Al Zain resigns
2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza
Khaavari Resigns - Flees to Canada!
2/28/12 (CHINA) Bank of China International ECM
global head Marshall Nicholson quits
2/28/12 (SINGAPORE) DBS security head Jim
Pasqurell quits, cites health reasons
2/28/12 (BELGIUM) KBC's CEO Jan Vanhevel is to
retire after a career spanning 41 years.
2/28/12 (CANADA) Ontario Securities Commission
chairwoman Peggy-Anne Brown quits
2/28/12 (AUSTRALIA) Bank manager Colin John
Carleton jailed nine years for $3m theft
2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND
director Gerald Leissner resigns
2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not
available for a new mandate
2/28/12 (UK) Bank of England Sir David
Lees re-appointed Chair of Bank of England and gives notice of
resignation at end of 2013
2/28/12 (IRELAND) State Street Global Advisors
Cash Funds plc Director Keith Walsh resigns
3/1/12 (ITALY) Italian Banking Association
Chairman Giuseppe Mussari talks to reporters in Rome after he
and seven other executives offered to resign in protest over new
banking-fee rules included in the government's legislation on
3/1/12 (USA FL) Florida Venture Forum [Venture
Capital] Exec Dir Robin Lester quits
3/1/12 (USA) PineBridge Investments said Win
Neuger has resigned as chief executive. Neuger helped build
AIG's third party asset management business, PineBridge still
manages AIG assets
3/2/12 (CHINA) China Construction Bank Corp, the
assistant general manager and head of corporate banking Mickey
Mehta quits http://goo.gl/B9dR0
3/2/12 (USA) Deutsche Bank Student Loan CEOJohn
Hupalo quits to start student loan counseling firm.
3/2/12 (UK) Bank of England Sir Mervin King
resigns in June, Lord Sassoon tipped as replacement.
3/2/12 (BOTSWANA) Barclays Bank Botswana managing
director Wilfred Mpai forced to resign
3/2/12 (HONG KONG) New Century Group Hong Kong Ltd
[investment house and leisure group] Wilson Ng resigns
3/3/12 (AUSTRIA) Volksbank AG (VBAG) The contract
of CEO Gerald Wenzel will not be extended
3/4/12 (KOREA) Hana Financial Group Inc,
prominent figure in the history of South Korean finance Kim
Seung-yu , resigns http://goo.gl/fmNxY
3/5/12 ( SAUDI ARABIA) Al Rajhi Bank CEO Abdullah
bin Sulaiman Al Rajhi has resigned
3/5/12 (UK) Jupiter fund co-manager John Hamilton
steps down http://goo.gl/RPqOp
Resignations From Government Offices Related to