In Black Hole Economics's of the Bush Dynasty

Equity Default Swaps

and They did it again Moved Your Money 

to a New Banking System Called 

Private Banks

 

By D'Anne Burley 

What is a Equity Default Swap? Well this is another part of Black Hole Economics where your money was moved into another false flag hedge fund game within over sea's markets whereby the high risk game of taking pools of your Homes and placing them into equity pools developed from your homes being sold within the secondary market. Here is the definition: 

By Vinod Kothari

Equity default swaps use the credit default swap technology, but not to transfer credit risk - they transfer the risk of major diminution in the market value of shares. Like in case of credit default swaps, equity default swaps have also been linked to notes and taken into the capital market in form of "credit linked notes" - you may also call them equity linked notes.

Another interesting dimension in the equity default swap (EDS) application has been that CDOs have included equity default swaps in their overall portfolio - along with credit default swaps, total rate of return swaps, etc.

The usual modality of an EDS is to choose a trigger event, similar to credit events - typically a decline of 30% or more in the equity price of the reference entity from the effective date. The terms of settlement may be either physical delivery or cash settlement. And cash settlement might have a binary payout or the actual difference in valuation. In case of binary settlement, the payout can be based on an assumed recovery of 50%. Thus, if the market value falls by 30% or more, the protection buyer is paid to the extent of 50% by the protection seller. Note that neither the decline of 30% is sacrosanct, nor the recovery rate - for instance, the Zest CDO noted below uses a 70% decline as the trigger point.

While the determination of credit events in credit derivatives is less transparent, the trigger event in EDS is market information-based, and hence, is more transparent.
EDS and CDS

How do equity default swaps relate to credit derivatives? Credit derivatives are contracts relating to the general credit of the reference entity. The typical reference obligation is unsecured loans or bonds - which are technically triggered only after the equity is fully lost. On the contrary, EDS are latched to a certain percentage loss in equity value - therefore, the trigger events in EDS will occur much sooner than the credit event in CDS. However, both relate to the general credit of a reference entity.
EDS and equity puts:

How are EDS different from equity puts? In essence, even a credit default swap is a put, so is an equity default put. The only distinction possibly is the steepness of the decline in equity prices and the recovered amount.
Where does it come from?

Quite obviously, the trend towards exotic credit derivative products stems from the urge of portfolio managers to pick up yields and to introduce more product diversification. 

Interestingly, rating agencies have rated CDOs which included equity default swaps.
EDS activity:

The first notable transaction of CDO incorporating EDS was Moody's-rated Odysseus deal arranged by JP Morgan, which consisted of a portfolio of 100 reference entities, with 10% of these being EDS.

In Japan, in February 2004, Daiwa Securities SMBC took the EDS concept a step further when it launched the first publicly rated arbitrage CDO 100% collateralized by EDS. Zest Investments V issued ¥31.5 billion of notes in five different classes, backed by EDS on a portfolio of 30 quoted blue-chip corporates with an aggregate notional amount of ¥45 billion. Payment to the protection buyer will be triggered if the share price of any of the companies referenced in the EDS portfolio falls by more than 70% from its initial price and if the share price fails to recover to the initial level by December 2008. 

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Now you were under the belief that you got into that interest program just by error, which I am alleging that there was not mistake in this plan! You paid almost all of your mortgage payment into a Black Hole that they used to keep you out of ownership and also the payment of interest was used to develop more and more cash pools for them to play with in these markets of CDS CDO EDS and within an accrued interest casino game whereby they gambled your home until they are caught because there was nothing backing the risk! 

Is this criminal? well you go figure! if you did this would you be under investigation? But if you control law enforcement then you got the game under control. 

As I stated before in my other article they would move your loss into another Banking vehicle and for some reason on Monday the stock market went up after claiming that the failed  Wall Street markets would cause complete collapse of world Financial markets.

 

As they did in 1880's during the PIGGY BANK SCANDAL of the Savings and Loan Banks which were closed and collapsed under the same scams here we go again without your involvement they mover money into so-called Private Banks!

You got your home stolen, and they get away with the cash! I know that this is real because after reporting this I notice that the police in the area are involved in watching me and harassing those who know me, within Traffic Tickets and other ways so that no one will be around if they harm me, sending a message to me again to shut up or else. 

These creatures  are of habit and can be seen if you follow the money trail they leave behind. Not the money you such have, and or the  home you have whereby they create and more us like cattle from one level of debt to the next where they can continue to be Multi Zillionaires where we are just mere slaves creating more an more for those who are on the top. Can you complain yes! Will they investigate? Well since they control the policing agencies no one will do a thing about it! Your loss is there massive gain.

 

Now do you want Mccain in office? one of the Keating Five who knew about this scam as others did and all of them did nothing!  They are making they're other money prior to leaving the White House, within no regulations and safe guards to the public interest. No one will investigation and freeze foreclosures because they know that there are too many involved. 

Tax breaks will just make you think you are  getting something whereby all is just playing the "house" (You) against the middle!

So go to the polls and vote them in again and again! You need to do a full background check and then a lie detector test on these people  and oh don't forget see if they are high stake gamblers because the last pile of those in the White house seem to be just that!

 

D'Anne Burleys X Files

THE D'ANNE BURLEY SHOW Presents:

The D'Anne Burley's

THE YEAR 2007

Ronald Jay Campbell Arrested

For Policing Scandal

His Wife Kelly used Jailhouse Inmates

Sex Toys

FOX NEWS CHANNEL 16 REPORT ON THIS CLICK HERE

In these police photos released by the Lonoke County Sheriff's Office, Lonoke city Police Chief

Ronald Jay Campbell, 46, left; his wife Kelly Campbell, 41; and Lonoke Mayor Thomas Privett, 68, right; are shown Monday, Feb. 6, 2006, in Lokoke, Ark. The mayor was arrested in a corruption probe, the police chief is accused in a drug-making scheme, and the prosecutor says the chief's wife took prisoners from jail to have sex with them - and more arrests could be coming.

The Chief of Police in Lonoke is on paid administrative leave after he, and four other people including the mayor are charged in a multi-count indictment for fraud, theft, burglary and drug manufacturing just to name a few. Lonoke police chief Jay Campbell faces a laundry list of felony charges including conspiracy to commit residential burglary, three counts of theft, hindering prosecution and conspiracy to manufacture methamphetamine. Lonoke mayor Thomas Privett was arrested and charged with theft of services, a misdemeanor. Chief Campbell's wife, Kelly Campbell is also charged with numerous felonies including theft of property, burglary, four counts of obtaining a controlled substance, tampering, and five counts of providing prohibited items to inmates. Two others, both jail bondsmen were also arrested. All of these charges stem from a State Police investigation lasting several months. All five are out of jail, but Campbell is out a job, relieved of his duty as Chief, with pay, until his case is heard. Mayor Privett is also out of jail, and despite the charges he says he has no intention of leaving office. Lonoke Mayor Thomas Privett posted bond and made his way out of the Lonoke county jail this afternoon. David Goins says: "Are you going to resign office?" Thomas Privett says: "No, I don't think so, pardon me." Privett is charged with misdemeanor theft of services for allowing Lonoke city jail inmates to do work on his house. David Goins says: "Any comments to the residents of Lonoke?" Thomas Privett says: "No thanks." David Goins says: "Are you innocent?" Thomas Privett says: "You bet." Chief of police Jay Campbell was charged with felony theft of services, allegedly violating the state's 309 Inmate Worker Program, allowing inmates to do work at his private house. He kept his comments to a minimum as he left jail Monday afternoon. David Goins says: "Chief, do you have any comment on the charges?" Jay Campbell says: "I'm not guilty of any of these charges at all." The attorney for Campbell, his wife and two bondsmen, Mark Hampton, says the charges caught them off guard. "In fact I was ready to have a pretrial today in Pulaski county so it was totally to my surprise and the chief's surprise," says Hampton. Kelly Campbell allegedly stole prescription pain medication and jewelry from homes in Lonoke, providing drugs and sex with multiple inmates. Two others, Larry Norwood and Bobby Cox, both bail bondsmen, are charged with conspiracy to manufacture methamphetamine. Campbell vows he'll keep his job. "This will all work out, I'm telling you all the charges are false," Campbell says. His attorney agrees. "We're going to defend this, every allegation, and every count as vigorously as we can." David Goins says: "Will the chief resign?" Mark Hampton says: "I don't know." He didn't resign, but the city relieved him of his position tonight, again with pay. As of now, mayor Thomas Privett has not stepped down. The next step is prosecuting the case. The Lonoke County prosecutor, Lona McCastlain, has to tie all these charges together to make them stick. No special prosecutor will be assigned, she expects to try these cases herself. THE KIDS WHO SAW TOO MUCH WE FINALLY WON ONE! by Jean K. Duffey 2001-07-19 It has been a long time coming but was well worth the wait! The ruling is in and the Eighth Circuit Court of Appeals has reversed a judgment against Pat Matrisciana, Citizens for an Honest Government, Inc., d/b/a Integrity Films; and Jeremiah Films. In the stunning 26 page opinion, Judge C. Arlen Beam discusses and dissects the evidence against Jay Campbell and Kirk Lane at length. Below are a few excerpts from the ruling. You may also read the entire ruling which is posted below this summary. Quoting the ruling of the Eighth Circuit Court of Appeals: Pat Matrisciana, through companies of which he is the chairman and president, produced and released a video indicating Jay Campbell and Kirk Lane, both law enforcement officers officers, had been implicated in the deaths of two teenage boys (Kevin Ives and Don Henry) and a subsequent cover-up. Campbell and Lane responded by bringing this diversity action for defamation. A jury found Matrisciana liable and judgment was entered in favor of the officers. Because we find that the record does not support the verdict, we reverse. I. Background The video, Obstruction of Justice: The Mena Connection, which was released in May of 1996, portrays various aspects of a botched investigation of the deaths of two teenage boys, Kevin Ives and Don Henry. It associates various players with one another and insinuates illegal activity and complicity among assorted government entities, politicians, and law enforcement officers. The only reference to Campbell and Lane is found in a narrated graphic toward the video's end: SUSPECTS IMPLICATED IN IVES/HENRY MURDERS AND COVERUP DAN HARMON, Prosecutor RICHARD GARRETT, Deputy Prosecutor JIM STEED, Sheriff JAY CAMPBELL, Officer KIRK LANE, Officer DANNY ALLEN, Officer The narrator says: Eyewitnesses have implicated several people in the murders and subsequent cover-up including . . . . End of quote. The opinion, written for the five judge panel by Judge C. Arlen Beam, addresses the issue of falsity of the statement in question: "If an allegedly defamatory statement is factual we must be concerned with its truth or falsity and whether the author would have reason to believe it was false. . . . Therefore, in order to prevail in a suit for defamation, a public figure plaintiff must show the falsity of the statements at issue . . . . Although it is debatable as to whether the element of falsity must be established by clear and convincing evidence or by a preponderance of the evidence . . . here we find that Campbell and Lane failed to satisfy even the lower threshold." "The most definite and, therefore, troublesome, aspect of the narration is the reference to "eyewitnesses." That term lends a certain tone of authenticity to the claim. However, appellees failed to prove the falsity of even the most damning interpretation. Law enforcement records, which were available to the public through freedom-of-information devices, revealed that purported eyewitnesses implicated law enforcement officers in the deaths of the Ives and Henry boys, including the appellees, either by name and or more tenuously by description. At least one report — Mike Crook's account of the mysterious and elusive eyewitness, "Jerry" specifically named Lane. Descriptions given by Ronnie Godwin were not inconsistent with Lane and Campbell's physical appearances, albeit in a somewhat generic sense, and the description provided by Crook was not inconsistent with Campbell's physical description of himself or that provided by Godwin. Instead Campbell and Lane attacked the credibility of the sources . . . . We find that, although Campbell and Lane attacked the credibility of the purported eyewitnesses. . .which would go to ascertaining whether they had in fact caused the deaths, their attack does not address whether purported eyewitnesses implicated them. Nor did Campbell and Lane address whether they were alleged to have been involved in a cover-up. Therefore, they did not satisfy their burden of proving falsity by at least a preponderance of the evidence." Another element that Campbell and Lane had to prove was that Matrisciana was reckless to rely on the Investigation of Jean Duffey and Linda Ives. Addressing that element, the opinion goes on to state: "The record reveals that Matrisciana relied on investigations that had already been conducted, primarily by Ives and Duffey. We do not find it reckless for him to have relinquished editorial control over factual matters to them. Ives had been investigating the matter from shortly after her son's death in 1987 . . . and had a vested personal interest in pursuing the truth. Duffey had been a deputy prosecuting attorney for Saline County and the director of a drug task force in Saline County. Campbell and Lane offered no basis for us to conclude that Matriciana's reliance on them amounted to recklessness other than questioning their lack of experience as journalists. We will not, however, limit protection of journalistic endeavors to those pursued by individuals with college degrees in mass communications." The opinion discusses at length the various witnesses statements about what was called the Lane/Campbell scenario at trial and then states: "Viewing each statement in isolation there may have been reasons to doubt the veracity of Godwin, Crook, or Harmon. However, given the corroboration by multiple sources, we do not see obvious reasons to doubt the accuracy of the various reports. . . ." The court also found that the trial judge erred in not allowing evidence of intimidation, threats, and violence by Campbell and Lane against suspects and witnesses. They stated: "That evidence would have called into question the otherwise stellar portraits of Campbell and Lane's character painted by their parade of character witnesses." In its conclusion, the opinion states that the evidence does not support the judgment against Pat Matrisciana, and therefore they reverse and remand for entry of judgment of dismissal. The only thing in the appellate court's 26 page opinion that I would take issue with is the statement in footnote #5: ". . . former President Bill Clinton, who, as near as we can tell, was tossed into the video that is the subject of this appeal just for flavor." Anyone who has followed this story over the years knows that Bill Clinton supported and defended the state's notorious medical examiner, Fahmy Malak, and his asinine ruling of Kevin and Dons deaths as accidental for years. There have been countless news stories, editorials, and even a segment on Dateline NBC, chronicling the debacle. Many of you will also recall that at least 2 of Clinton's top officials directly interfered with the investigation of Kevin and Don's murders — his chief of staff, Betsy Wright and his drug czar, Robert Shepherd. Nobody's name was tossed into this video just for flavor. I cannot tell you how very, very thankful and grateful I am to judges Beam, Morris, Shepherd, Arnold and Alsop. They are the only officials to date who have examined the evidence in this case and done their job. Needless to say, Jean and I feel vindicated. Public officials from Governor Huckabee on down to our local prosecutor Barbara Webb, have publicly stated that if we have any evidence, we should take it to the proper authorities. We have done that countless times, to no avail. There have been investigations by Saline County Sheriff's office, the Arkansas State Police, the U.S. Attorney's office and the FBI, all of whom have had all of the information regarding Jay Campbell and Kirk Lane. To this day, no one has questioned them about the murders of Kevin and Don. In fact, two investigators, former Saline County deputy sheriff John Brown and Phyllis Cournan, a former FBI agent, have testified under oath that they were not allowed to question them. Five judges on the Eighth Circuit Court of Appeals examined the evidence and found that eyewitnesses have implicated Jay Campbell and Kirk Lane in the murders of Kevin and Don. The opinion states: "All in all, statements and rumors corroborating the Lane-Campbell scenario or implicating them as suspects emanate, in varying degrees of detail, from multiple sources." My question is: WHY HAS THERE BEEN A COVER-UP PROTECTING JAY CAMPBELL AND KIRK LANE? Judge Beam writes: "In essence, their [Ives and Duffey] investigation only rendered more support for their theory of law enforcement collaboration in the cover-up." For more details PLEASE read the ruling, in its entirety. Also, we will soon be releasing FBI documents obtained by Mara Leveritt [ http://www.maraleveritt.com] which will prove that our assertions of a well-orchestrated law enforcement cover-up ARE true. United States Court of Appeals Opinion: + Text format: http://www.idfiles.com/reversal.htm + PDF format: http://www.ca8.uscourts.gov/opndir/01/07/001411P.pdf CLICK HERE FOR THE FULL ARTICLE http://www.serendipity.li/cia/duffey2.html

FROM THE BAD COP NEWS CLICK HERE FOR MORE

Wanted For War Crimes: Rumsfeld Lawsuit Embarrasses German Authorities - Rumsfeld, George W. Bush, And Others Embarrass America

Tuesday, March 27th, 2007

WASHINGTON, DC – Former US Secretary of Defense Donald Rumsfeld could face charges of war crimes after a lawsuit was filed against him in Germany. Now Germany’s Federal Prosecutor’s Office has to decide whether it will investigate.

A 384-page document is currently sitting in the offices of Germany’s federal prosecutor in Karlsruhe — and causing headaches for the authorities there. They never asked for it, but now they have to deal with it. The only question is how.

The reason the authorities would be quite happy if the lengthy document would simply go away is because it is a lawsuit against 14 powerful men and one woman. Donald Rumsfeld, the former United States Secretary of Defense, is one of them. Others include Alberto Gonzales, the current Attorney General of the United States, CIA director George Tenet, and Lieutenant General Ricardo S. Sanchez, the US general who served as the commander of coalition forces in Iraq from June 2003 to June 2004. According to the document, these members of the US elite violated both international law and the United Nations Convention Against Torture in Abu Ghraib prison and the Guantánamo Bay detention camp.

The lawsuit was filed by Berlin-based lawyer Wolfgang Kaleck. Politically, it’s a time-bomb which could cause serious problems for US-German relations. Angela Merkel has made a persistent effort during recent months to cultivate a good relationship with Germany’s overseas ally. An arrest warrant for top US military authorities and government members would likely reverse a lot of this work and lead to a new low point in trans-Atlantic relations. Representatives have been negotiating behind closed doors for months about whether Germany should investigate Rumsfeld’s alleged crimes or not. Germany’s federal prosecutor Monika Harms will reach a decision on the issue during the coming weeks.

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