September 11 Commission Report - Gnostic Liberation Front
September 11 Commission Report - Gnostic Liberation Front
September 11 Commission Report - Gnostic Liberation Front
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that 2.2 trillion dollars was missing from the DOD accounts – but the world was too preoccupied<br />
the next day to worry about the world’s largest heist.<br />
“the Department of Housing and Urban Development (HUD) and Department of Defense (DOD) and<br />
some of the other federal agencies for which … DynCorp manages highly sensitive information<br />
systems are reported to be missing…over $3 trillion since fall of 1997….” [ The Hijackers of Harvard,<br />
Catherine Austin Fitts (Former Assistant Secretary of Housing, First Bush Administration), On-Line<br />
Journal.com, 2/21/2002]<br />
The interesting point made by Catherine Fitts (Former Assistant Secretary of Housing,<br />
First Bush Administration) is that the “same people” involved in the BCCI fraud, (hence<br />
the theft of the Russian and Philippine treasuries) are now associated with what some call<br />
the world’s largest money-laundering scheme – Enron – about the same time as 3.3<br />
trillion dollars goes missing from the US Treasury.<br />
“Catherine: I was hired by the first Bush administration to help clean up $100 billion sized financial<br />
frauds. These had to do with Iran Contra, the S&L crisis, BCCI and the HUD scandal. I was there for<br />
18 months…we've seen the government readily permit the transfer of Enron Online -- which I believe<br />
was a money-laundering and slush fund operation -- to the Swiss bank, UBS, one of their largest<br />
creditors. So now it's very possible that a great deal of information that would be needed for a proper<br />
investigation is under the protection of the privacy laws of a Swiss bank. And by the way, it's very<br />
interesting, and perhaps quite significant, to note that the newest Board member of UBS, the bank that<br />
purchased the Enron Online operation, is the former chairman of Arthur Anderson. Enron was also<br />
permitted to have the gold bullion and gold derivatives trading operation transferred. Understand that<br />
to be able make these two transfers, as quickly and quietly as they were, in the middle of an initial<br />
bankruptcy filing, was nothing short of miraculous based on what I'm told by bankruptcy attorneys. In<br />
combination with the shredding, it permitted the coordination of cover-up of two things: money<br />
laundering and a lot of financial fraud between the banks and the entity itself.” [Enron: An Anatomy<br />
of a Cover-Up. Dennis Bernstein's interview with Catherine Austin Fitts, 3/12/2002]<br />
“We had a huge amount of money disappear from the accounts of all these federal agencies: General<br />
Accounting Office (GAO) (and Inspector General) reports and testimony document that $59 billion<br />
was missing from HUD in fiscal 1999, and $17 billion was missing in fiscal 1998, and they refused to<br />
say how much was missing in fiscal 2000. So I was trying to figure out how you could launder<br />
hundreds of billions of dollars (stolen from the federal government) starting in the fall of 1997,<br />
because that is so much money that you can't just run it (launder it) through a pizza restaurant. You are<br />
talking about a huge amount of money and you are talking about something that JP Morgan, Lockheed,<br />
DynCorp and Arthur Anderson would have to be part of.” [Enron: An Anatomy of a Cover-Up.<br />
Dennis Bernstein's interview with Catherine Austin Fitts, 3/12/2002]<br />
“So, in the fall of 1997 there was an explosion of revenues (at Enron Online), with nobody being able<br />
to explain where the revenues came from. They just say it's very complicated, it's "derivatives," you<br />
know. Well that's ridiculous. In my experience, if you can't explain something, then something is<br />
wrong. So I'm looking for the missing money: there is over $3.3 trillion missing from federal<br />
government agencies over a 3-year period, and my big question is, “Is Enron the laundromat," and is<br />
that why Congress is covering this up?”<br />
“Fitts: As far as I'm concerned, Ken Lay was just the lead patsy. We're talking about a top ten Fortune<br />
500 company with annual revenues exceeding $100 billion---which suddenly fell off the map. What<br />
the Enron CEO's made was nothing compared to what the inside-trading investors made---both with<br />
corporate assets liquidated out before the implosion or in the pump and dump of stocks. And many of<br />
these investors look to be from the same syndicate that I saw playing the Iran-Contra/S&L game in the<br />
eighties…. in testimony already, former Chief Accountant of the SEC, Lynn Turner, offered that these<br />
banks and investment banks "shopped their structured finance vehicles'' around to other corporations.<br />
THE SEPTEMBER <strong>11</strong> COMMISSION REPORT Page 63