In light of current events, more specifically the Flash Crash of May 6th and the continuing currency manipulations that are artificially keeping the World Markets from dropping to their equilibrium levels I thought it might be a good time to review what we know about the collapse of 7 World Trade Centre: Check out what’s below and then feel free to come up with your own conclusions.
Then read the following excerpt from the entry for 7 World Trade Centre on Wikipedia:
“7 World Trade Center housed SEC files relating to numerous Wall Street investigations, as well as other federal investigative files. All the files for approximately 3,000 to 4,000 SEC cases were destroyed. While some were backed up in other places, others were not, especially those classified as confidential. Files relating Citigroup to the WorldCom scandal were lost. The Equal Employment Opportunity Commission estimates over 10,000 cases will be affected. The Secret Service had its largest field office, with more than 200 employees, in WTC 7 and lost investigative files. Says one agent: “All the evidence that we stored at 7 World Trade, in all our cases, went down with the building.”
The collapse of 7 World Trade Center is remarkable because it was the first known instance of a tall building collapsing primarily as a result of uncontrolled fires.
World Trade Center controlled demolition conspiracy theories say that the building collapses on September 11, including that of building seven, were the result of controlled demolition. The draft NIST report rejected this hypothesis, as the window breakages and blast sound that would have occurred if explosives were used were not observed. The use of thermate instead of explosives is discarded by NIST on the basis that it is unlikely the necessary 100 pounds of thermate for each steel column could have been planted without being discovered.“
Speaking of Citi Bank…
A certain Robert Rubin left his job as Treasury Secretary in 1999 and joined Citigroup as a board member and as a participant “in strategic managerial and operational matters of the Company, but […] no line responsibilities. The Wall Street Journal called this mix of oversight and management responsibilities “murky.”
www.Truthout.org has this to say about Robert Rubin:
“A Goldman Sachs chairman who wormed his way into the Treasury Secretary post under President Bill Clinton, Rubin presided over one of the most radical deregulatory eras in the history of finance. Rubin’s influence within the Democratic Party marked the final stage in the Democrats’ transformation from the concerned citizens who fought Wall Street and won during the 1930s to a coalition of Republican-lite financial elites. Rubin’s most stunning deregulatory accomplishment in office was also his greatest act of corruption. Rubin helped repeal Glass-Steagall, the Depression-era law that banned economically essential banks from gambling with taxpayer money in the securities markets. In 1998, Citibank inked a merger with the Travelers Insurance group. The deal was illegal under Glass-Steagall, but with Rubin’s help, the law was repealed in 1999, and the Citi-Travelers merger approved, creating too-big-to-fail behemoth Citigroup.
That same year, Rubin left the government to work for Citi, where he made $120 million as the company piled up risk after crazy risk. In 2008, the company collapsed spectacularly, necessitating a $45 billion direct government bailout, and hundreds of billions more in other government guarantees.”
Robert Rubin is currently one of Obama’s economic advisors.
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