Monday, June 7, 2010

LEAKED BANK "STRESS TESTS" 60 Days after this story was published, the govt arrested the Publisher

(http://family-of-hal-turner.blogspot.com/) On April 19, 2009, radio host and blogger Hal Turner obtained and published a leaked version of the "Bank Stress Tests" which were being conducted by the Federal Reserve. The story was picked up by the Financial Times of London, then by CNBC and the New York Times.


When the stock market opened at 9:30 AM the next day, Bank Stock values plunged over $500 Million in less than 6 minutes. The plunge was so fast and so furious that 40 minutes later, the United States Treasury issued a statement saying "The report about Bank Stress Test results issued by Hal Turner of North Bergen, NJ are inaccurate. Turner cannot have the test results yet because we don't even have them yet."


That statement only added fuel to the fire because ten days earlier, Bloomberg Business News reported that the Federal Reserve instructed CitiBank and Goldman Sachs to withhold stress test results. When stock markets around the world realized the US Treasury had just lied, the Bank Stock value plunge got worse. By close of Business on April 20, 2009, Bank stock values around the world had plunged $2.1 BILLION dollars. This begot Hal Turner very powerful enemies.


About 60 days later, radio host and blogger Hal Turner was jailed by the US Government on bogus charges. He spent four months in jail, held without bail, until his lawyers won his release.


urner went on trial twice since then. Both times, the Jury could not reach a unanimous verdict. Both times, a mistrial was declared. Atonishingly, the government plans to put Turner on trial a THIRD time beginning this August 9.



At his trial, it was revealed that Hal Turner was an Intelligence Operative with the FBI Joint Terrorism Task FOrce. This fact was confirmed by the third highest ranking official in the FBI's New York City Office, Assistant Special Agent In Charge (ASAC) Amy Pickett. Testifying at trial, Pickett confirmed that Hal Turner handled "national security intelligence, terrorism and foreign counter intelligence" for the FBI. You can read part of Agent Pickett's Testimony from a scanned image from the Official Court Transcript at this link:
http://4.bp.blogspot.com/_msrxXpkyQr4/Szp6_lBZ1uI/AAAAAAAAAAM/rH2T4_T0GYk/s1600-h/PICKETT+1.JPG



Hal later revealed his work with the FBI to his family, who had no idea of his secret life with the Bureau.



It turns out that Hal Turner obtained the leaked bank stress test as a direct result of his work as an Intelligence Operative with the FBI. He published the results on his blog so as to protect the American people from the fraud being perpetrated by the Bankers and their ilk.



We believe the bogus charges against Hal Turner are a result of him exposing the truth about the Banks which cost a whole slew of rich people, an awful lot of money. Since the government and powerful interests were so angry about Hal Turner's leaked, Bank Stress Test result, we decided to re-publish his original report below so as to expose the situation once again.



***************************************************
ORIGINAL REPORT FROM APRIL 19, 2009 BELOW
**************************************************



The Turner Radio Network has obtained "stress test" results for the top 19 Banks in the USA. (Corrections/clarifications below in orange)

The stress tests were conducted to determine how well, if at all, the top 19 banks in the USA could withstand further or future economic hardship.

When the tests were completed, regulators within the Treasury and inside the Federal Reserve began bickering with each other as to whether or not the test results should be made public. That bickering continues to this very day as evidenced by this "main stream media" report.

The Turner Radio Network has obtained the stress test results. They are very bad. The most salient points from the stress tests appear below.

1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. (Based upon the “alternative more adverse” scenario which had a 3.3 percent contraction of the U.S. Economy in 2009, accompanied by 8.9 percent unemployment, followed by 0.5 percent growth of the U.S. Economy but a 10.3 percent jobless in 2010.)

2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. (Without further government injections of cash)

3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding.

4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses.

5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular - JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank - taking especially large risks.

6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital! (HSBC is NOT in the top 19 banks undergoing a stress test, but is mentioned in the report as an aside because of its risk capital exposure to derivatives)

7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs,Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts!

The debt crisis is much greater than the government has reported. The FDIC`s "Problem List" of troubled banks includes 252 institutions with assets of $159 billion. 1,816 banks and thrifts are at risk of failure, with total assets of $4.67 trillion, compared to 1,568 institutions, with $2.32 trillion in total assets in prior quarter.

Put bluntly, the entire US Banking System is in complete and total collapse.

Bonifides

For those who may be skeptical about the veracity of the stress test report above, be reminded that only last Sunday, April 12, this radio network obtained and published a Department of Homeland Security (DHS) Memo outlining their concerns that returning US military vets posed a domestic security threat as "right wing extremists." That memo, available here, is marked "FOR OFFICIAL USE ONLY" and contained strict warnings that it was not to be released to the public or to the media. We obtained it and published it days before other media outlets.

Link to Reuters deleted at their request 0842 HRS 21 April 2009

Further, todays Wall Street Journal (April 20, 2009) is confirming at this link that lending by the largest banks has DECREASED 23% since the government began the T.A.R.P. program, causing many in Congress to ask where the money has actually been going. Apparently, it has been going into propping-up the failing banks instead of out in loans to the public.

Additional details and proofs are forthcoming. . . . . continue to check back on this developing story.

UPDATE 1154 HRS EDT April 20, 2009 --


The United States Treasury has openly and brazenly lied regarding our stress test report and we can prove they have lied about it.

This morning, the United States Treasury issued a statement (HERE) claiming they do not yet have the results of the Stress Tests, rebuking our report

How do we know its a lie?

Because of this from April 10th:

April 10 (Bloomberg) -- The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said.

The Fed wants to ensure that the report cards don’t leak during earnings conference calls scheduled for this month. Such a scenario might push stock prices lower for banks perceived as weak and interfere with the government’s plan to release the results in an orderly fashion later this month.

How can you be ordered not to release something you don't have?

Since that was published on the 10th of April, we therefore know that the results exist and Treasury, the banks involved and The Fed have them, as The Fed was concerned that some banks might try to use them (perhaps in a misleading fashion) during their first quarter conference calls and earnings releases.

Sorry guys, but whether the Turner Radio Network has the real results or not is no longer material. What's material is the claim that Treasury doesn't have them, since they told the banks on the 10th not to release them, and you can't release what you don't have.

The problem with lying is that eventually you forget your previous lies and thus get caught when you contradict yourself.

11 comments:

  1. this is "The Obama Administrations" idea of "Transparency?" I personally feel, the economy of this country is flopping around like a large Grouper(read Jew Fish)out of water.

    ReplyDelete
  2. -It is indeed extremely sad to come to realize that our usGovernment is not of the people, --it is now of the various self-interest 'fatCats' whose corporate-fronts have subverted the once prized notion of- "by the people. -and for the people!" into an egregious- "by the Bank'sters, -and for the Bank'sters!" We also now realize that theses nefarious absconders of our precious usConstitution & BoR, are none other than the same infamous Robber-baron jewZionist lineage families that gained their enormous power here in USA just as they had done in Europe, --by hyjacking our usTreasury in 1913. The one thing about these inbred, and thus mentally unstable and anti-social Bank'sters is their consistant criminality; --once they found a usury formula that worked, they maintain their grip at our throats like a PitBull, and absolutely nothing is to perverse nor wrenched for their liking, --from orchestrating horrid wars, to assassinating anyone getting in the way of their so-called NWO or one-world total tyranny objective, including annihilation of the pure Caucasian-race via their blatant 'open-borders' and 'sanctuary-cities' policies. Yes, all of this effort to destroy the heart & soul of America is shifting into hi-gear, and the jewZionist-mafia corporate-mobsters using the phony names- FederalReserve-Sys. & InternalRevenue-Sys. are doing everything they can with the cooperation of a very infiltrated Jew-dicial-System and Executive-Office, and the best that money can buy- Representative-Sys. to undermine and subvert the ideals which our nation's Founders had strived to establish apart from these insatiably warmongering "MoneyMasters" whom pervert and destroy all that is good in mankind. We must totally abolish the Fed.Reserve & IRS, -then go for the heads of these snakes which have nearly ruined Amerika, including ridding our land of their ugly "holoHoax-museums" and swing their Mafia-leaders and Agents in the streets from lampposts as an odorous decor, in the process of restoring the crumbling infrastructure of our beloved Republic...

    ReplyDelete
  3. Well said AryanKnight... its time to clean up this country,get rid of the filthy muds and their jew masters once and for all,every patriotic American should already have a long rifle and ammo and train for the day the 2nd American revolution starts!

    ReplyDelete
  4. Hello,

    Yes, youare right about everything, however you left out a few: Jew/Media also own our military and junk-food-eating, couch-potato people (lemmings).
    Fema camp is calling you:
    http://tinyurl.com/NukFemaCamps
    http://tinyurl.com/NukMartialLaw

    Considering how difficult it was for Moses to get the people out of bondage, what do you think it would take to get these Americans off their butts and out of bondage? Iam calling family in Florida, telling them: PACK AND LEAVE NOW!! When you SMELL the Benzene itis already too late; expect cancer within 9 years . . . they laugh at me . . . This is just the way people are. Itis called herd mentality. They say: other people arenot leaving, so why should i.

    Truly

    Truth will set you free, according to Jesus in John 8:32. Our churches have failed the people and every pastor should be tarred, feathered and run out of town.

    ReplyDelete
  5. April 6, 2010

    THE CAUCUS
    The Politics and Government Blog of The Times

    ARREST FOLLOWS THREAT TO KILL SENATOR

    By David Herszenhorn

    Federal agents on Tuesday arrested and charged a man with threatening to kill Senator Patty Murray, Democrat of Washington, because he was angry about her vote in favor of the major health care legislation.
    According to a criminal complaint, the man, Charles A. Wilson, 64 of Selah, Wash., made a series of threatening phone calls to Senator Murray's Seattle office between March 22 --- the day after Congress approved the health care law--- and April 4, including a recorded message in which he said, " I want to kill you"
    He was charged with a single county of threatening a federal official, which is punishable by up to 10 years in prison and a $250,000 fine.

    My first issue with this is, If we are all equal in the eyes of the law, than why is there a special law for Federal Officials??

    Next, even though the words were not friendly, he said " I want to kill" he did not say " I am going to kill" so aside from his comment or remarks being harsh, insulting, where the hell is the real threat??
    Now, take Hal Turner. He did Not Call these Judges, He Did Not e-mail these Judges, He didn't use the word's " I Want" he Never made any contact with these Judges, he expressed his opinion, " They DESERVE to be killed. Yet, he is facing the same charges.

    How many ways can they misuse the same law??

    ReplyDelete
  6. So, now it makes sense.

    We all have known that what Hal said is NOT a threat, but, the powerful ones that lost money because Hal told the American People the truth. Hal told the American People what our Government should have told them so they decided to make him pay.

    What a bunch of shit heads.

    These are the people who should be in jail.

    Well, just maybe when this is all over they will be in jail, if we can get an honest judge to run their trial without dirty bullshit that has prevailed in each and every trial Hal had.

    ReplyDelete
  7. These people are sick bastards.

    What about this Judge Walter??? Does anyone think he is as Lilly white as he tries to appear??

    As far as I can see, he made quite a few decisions that clearly showed bias and gave the government an additional edge.

    And, what is with this AUSA Hogan? This man is dirty and should be in jail, yet, here he is judging another man. What a joke.

    Hal, we know you did not make a threat. They know it also but, when money comes into the picture, all bet's are off. Add that to the fact that Hogan just wants to win and does not care how, gives a black eye to OUR Justice System.

    You have the truth on your side and I personally don't give a shit what they are trying to say, this is FREE SPEECH and is protected by THE FIRST AMENDMENT.

    God bless you Hal and your family.

    ReplyDelete
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    ReplyDelete
  9. FA


    Q


    HOGAN


    HAL TURNER IS NOT GUILTY

    ReplyDelete
  10. If Hal said, THESE JUDGES " DESERVE" TO BE SLAPPED UPSIDE THE HEAD, WOULD ANYONE THINK HE WOULD BE ON TRIAL FOR THREATENING TO ASSAULT??

    The keyword is DESERVE, what he said is NOT A THREAT.

    Another writer said, If we are all equal under the law than why is there a separate law about public officials?? Do they think they are better than us??

    The people of New York are not fools !! They will see thru this bullshit.

    HAL TURNER IS NOT GUILTY. HAL TURNER DID NOT MAKE A THREAT. HAL TURNER EXERCISED HIS FIRST AMENDMENT, HE VOICED HIS OPINION.

    One more point, this Judge instructed the Jury that they could not consider The First Amendment !!
    I thought this decision was up to the jury, what is this Judge trying to pull?? Is this his version of a fair trial? It appears he is pussyfooting so that he doesn't step on the ( 3) judges toe's, the same (3) Judges that tried to shred the 2nd. amendment in Chicago, but, he is bound by law to run a clean and honest trial. Let's see if he can do it this time.

    By the way, does anybody know if the Supreme Court overturned their decision to shred the 2nd Amendment?? Why in the world would they even try to do that? What is wrong with these guy's?

    ReplyDelete
  11. I think that they could be trying to do to Hal is to try and crminalise such "whistleblowing". Wikileaks notes that a few Congrescritters want to criminalise such leaks, by criminlising sites that publish them.

    http://wikileaks.org/wiki/US_Lawmakers_Want_to_Criminalize_Whistleblower_Sites_Over_TSA_Leak

    If what some Congrescritters want to do had been law in 2009 they could have gone after Hal for leaking bank stress tests.

    ReplyDelete