Earthlinggb's Blog

Santander (Madoff Ponzi Scheme) Banking criminals

Posted in Finance, The Corrupt SOB's by earthling on November 28, 2013


Spanish Jesuit Criminal 1: Emilio Botin

I have just found the following minutes of evidence wherein Horta- Osorio of Santander (now Lloyds) is questioned on the Bernie Madoff ponzi scheme. I think the reader will recognise the questioning is certainly that of a Treasury who smell one big rat – a Spanish Jesuit one!

I think, then, for anyone to consider the following previous blogposts a “stretch” in any way, would be closing one’s eyes to what is now set out before you.

Santander’s role in the Bernie Madoff ponzi scheme was immense and yet it is being suppressed.

Santander is a criminal enterprise!

Please cross reference with the following two blogposts:

santander-a-banking-giant-out-of-the-blue

and

bank-worker-stephanie-bon-and-the-4000hr-jesuit

Spanish Jesuit Criminal 2: Ana Patricia Botin

Spanish Jesuit Criminal 3: Horta-Osario

UK TREASURY MINUTES OF EVIDENCE 11th FEBRUARY 2009.

Q2053  Mr Breed: António, could we talk about what may be referred to as “the Madoff affair” and Santander’s investments? I think some of us are quite surprised, bearing in mind the history of your bank and the good acquisitions you have made and perhaps good investment decisions. What did you do in terms of due diligence on Madoff before you put quite substantial amounts of customers’ funds into it?

Mr Horta-Osório: We are as you know a bank which is very prudent in terms of risk management and controls. In order for you to be aggressive commercially, you should have certain areas such as risk management, auditing, control and compliance as very strong areas.

Q2054  Mr Breed: What happened with Madoff?

Mr Horta-Osório: It is in our opinion absolutely impossible to stop all frauds. This, as you know, is a fraud that was very wide, of very high dimensions, supervised by the SEC and the company and the person involved previously had a very high reputation.

Q2055  Mr Breed: As a very minimum, most people would have looked at the auditing arrangements. The auditing arrangements in terms of Madoff consisted of a 78 year old man living in Florida, one qualified accountant and a secretary. What sort of due diligence did you do on that?

Mr Horta-Osório: It is easier to say that with hindsight.

Q2056  Mr Breed: Absolutely, but why did you not do it?

Mr Horta-Osório: We have strong due diligence processes. We are absolutely convinced we followed them as we normally do and, as you know, we decided to compensate all of our private clients as a commercial decision.

Q2057  Chairman: I do not think we are going to get a sorry out of you today, are we? I looked at the congressional hearings and there was a man called Harry Marcopolis who reported this from 2000 to 2008 to the Securities Exchange Commission in the United States. If you look on YouTube, you will see his evidence. I looked at it. He said, “The Key Tip-Off. It took me five minutes to figure out he was a fraud. I basically read his strategy description and knew that that was not the source of his returns. Then I knew right away by looking at his performance chart.” He made an illustration to the Committee and he said, “His performance chart was a 45 degree angle without any variation. It only went in one direction: up. It never had any variation like the market does.” That was a key tip-off. If it took Harry Marcopolis five minutes, why did a credible bank like Banco Santander get duffed up on it? Why did you lose 2 billion euros on it? I put it to you that your due diligence was absolutely and utterly duff.

Mr Horta-Osório: Banco Santander did not lose two billion euros. Santander had a small amount invested in those funds.

Q2058  Chairman: How much did you lose?

Mr Horta-Osório: We lost 20 million euros.

Q2059  Chairman: That is still quite considerable for people.

Mr Horta-Osório: According to the total size of the bank and the total fraud which was $50 billion, that is a very small amount. Within our total asset management we had a significant amount of money and a small percentage of our customers who invested in these funds. We are absolutely convinced, as we have already said publicly, that we followed the due diligence procedure, as did many other banks around the world but despite that we have decided to compensate our private customers. On top of this, because we are in the UK, I would like to add that we have no UK clients at Abbey who invested in those funds.

Q2060  Chairman: It is not that I want to fall out with you but I do not believe you in terms of how the bank went about its structure because, again, Harry Marcopolis says, “What I saw and when I saw it. I was repeatedly ignored after an eight and a half year period between May 2000 and December 2008. Detailed, repeated warnings to the SEC.” That was when it could only have been a $3 billion fraud which ended up with a $50 billion fraud. When you get a one man accounting team who was a college friend of Madoff and he has two of his family in auditing, surely to goodness, with a big company, you should have exercised sufficient due diligence?

Mr Horta-Osório: I sympathise with your comments, but if it had taken five minutes for anyone probably it would have taken five minutes for the SEC as well, which supervised those funds.

Q2061  Chairman: The SEC did not take him on, because your man was the chief executive of NASDAQ and it was the old boys’ club. When you are investing other people’s money, you should have adequate due diligence. That is the point I am trying to make to you.

Mr Horta-Osório: Yes, and I agree with you. On top of that, we have offered to reimburse those customers.

SANTANDER: A Banking giant, out of the blue?

Posted in Finance, The Corrupt SOB's by earthling on November 28, 2013

While I condemn violence and crime of any nature, there is a time when one must step back and ask the simple question: WHO are the real criminals? WHO is it that brings people to the point of violence? Could it be people who regard themselves and are regarded by others a “Pillars of Society”? Similarly, the question is raised in regard to Palestinians and the conditions which they live under and why they feel so helpless against a “machine” such as the Israeli regime and military, to wish to “punch back” in any way they can – sometimes suicidally.

One simply must look closer at these people who, while they believe they are better  – and some even state “We do God’s work” – cause sheer desperation to many due to their CORRUPT TO THE CORE activities. Can I be too condemning of this protestor then? No. I can’t. It is a 21st Century version of Jesus casting the money changers from the temple. I’m no religious person but I can say he was right 100%. But Jesus had power, this one man doesn’t. Educate the rest of the population on how it all works and, together, they would have power and need not use it violently.

I’ve been wondering how Santander is suddenly THE bank and how it suddenly came from a second division Spanish Bank background to a World force in such a short time. So I had a wee delve and came up with a few things to think about….

PLEASE ALSO BEAR IN MIND WHILE READING THE FOLLOWING THAT SANTANDER IS PART OF THE ROTHSCHILD INTER-ALPHA BANKING GROUP!

From the Guardian:  madoff-santander-shares

New Black Pope:

0,8599,1700157,00.html

“So? What’s your point now? One minute you’re up against the “jews” and the next it is the Roman Catholic church?? ”

Well the point is this:

The Jesuit Order as a Synagogue of Jews: Jesuits of Jewish Ancestry and Purity-of-Blood Laws in the Early Society of Jesus (Leiden: Brill Academic Publishers, 2009) has led me to another remarkable element in the development of Jesuit casuistry. That is the early and important role of IBERIAN (Spanish) conversos (as Christians of JEWISH ancestry were called) in the development of the Society of Jesus, and its methodology. The evolution of sixteenth century Iberian societies contributed notably to the size and importance of the converso presence in the Jesuit order. At a time when Iberian conversos were increasingly excluded from a growing number of guilds, religious confraternities, colleges, religious and military orders, as well as residence in certain towns, the Jesuit leadership in the first three decades of the order’s history (1540-1572) opened their doors wide to candidates of Jewish descent.

Now, I’ll throw another little fish….

Santander. Where the hell did they appear from all of a sudden? Well consider this:

Emilio Botín (born 1 October 1934) is a Spanish banker. He is the Executive Chairman of Spain’s Grupo Santander. In 1993 his bank absorbed Banco Español de Crédito (Banesto), and in 1999 it merged with Banco Central Hispano creating Banco Santander Central Hispano (BSCH), which became Spain’s largest bank, of which he was co-president with Central Hispano’s José María Amusategui, until Amusategui retired in 2002. In 2004, BSCH acquired the British bank Abbey National, making BSCH the second largest bank in Europe by market capitalisation.

Keep reading…..

After attending as a boarding student the JESUIT SCHOOL of Colegio de la Inmaculada, in Gijón, he studied Law at the University of Valladolid in Valladolid and Economics at the University of Deusto in Bilbao.

A JESUIT school of all things!!

Botín was no newcomer to the banking world. His father, grandfather and great-grandfather were all bankers.

On 25 April 2008, two people died in a plane crash south of Madrid at a property belonging to Emilio Botin. Neither was a member of the banking family. The light aircraft, which was attempting to land at an airstrip on the Botin property known as El Castano, was transporting 441 pounds of hashish.

Nice huh? 🙂 But continue……

1999: Botin faced trial on criminal charges of “misappropriation of funds” and “irresponsible management.” However, in April, 2005 he was cleared of all charges.

2005: the anti-corruption division of the Spanish public prosecutor’s office cleared Botin of all charges in a separate case in which he was accused of insider trading.

January 2006: a Santander, Spain court dismissed a lawsuit stemming from the cancellation of agreements reached by the SCH board in 2004.

November, 2006: Botin was brought to trial along with four other company directors for allegedly falsifying official documents and helping clients evade taxes. Spanish press sources reported that although Botin was accused of crimes against the state, the public prosecutor resisted bringing the case to trial. Private prosecution was brought by a prominent shareholder rights group, the Association for the Defense of the Investor and Clients (ADIC), which claimed that the charges against him constituted the “biggest fraud ever committed in Spain.” Botin evaded serving a jail sentence after the case was dismissed, and an appellate court rejected an appeal brought by ADIC.

Most recently Botin’s name has been in the news because of allegations that in 1999, at the time of the BCH merger, he bribed Spain’s economy minister, Rodrigo Rato, in order to seek favor with government officials. Botin and Rato, alongside a group of former associates have been accused of engineering a deal in which Banesto, a Santander subsidiary currently controlled by Botin’s daughter Ana Patricia Botin, purchased a €6M stake in a bankrupt water utility owned by the Rato family. Rato, Botin, and Alfredo Saenz, who was then serving as Banesto’s CEO, are accused of misappropriating funds, breach of fiduciary duty, falsifying documents, and bribery. The case is ongoing.

Now, Rodrigo Rato:

He was appointed to become the Managing Director of the International Monetary Fund (IMF) on 4 May 2004, and took up his duties on 7 June 2004. He has left his post at the IMF on 31 October 2007, following the World Bank-IMF Annual Meetings.

De Rato attended a JESUIT school before studying law in the Complutense University. So BOTIN and RATO BOTH Jesuits!!

Mr. Rodrigo Rato was the Spanish President’s Minister of Economy, who is responsible for the dismantling of the Spanish welfare state.

Mr. Rato is of the ultra-right . While in Aznar’s cabinet, he supported such policies as making religion a compulsory subject in secondary schools, requiring more hours of schooling in religion than in mathematics, undoing the progressivity in the internal revenue code, funding the Foundation dedicated to the promotion of francoism (i.e., Spanish fascism), never condemning the fascist dictatorship, and so on. In the economic arena, he dramatically reduced public social expenditures as a way of eliminating the public deficit of the Spanish government, and was the person responsible for developing the most austere social budget of all the governments of the European Community.

Gordon Brown, became Rato’s main advocate for the IMF position. Nowhere mentioned is the enormous costs this “success” has had on the quality of life of average folks in Spain. And these are the same policies that Mr. Rato is going to follow in the IMF, policies that have caused enormous pain and harm to the Spanish people, and will now be implemented world-wide. Nowhere, however, have the mainstream media reported on such important dimensions of Mr. Rato’s tenure as Minister of Economy of Spain. Quite remarkable!

Read more of what Rato did to Spain:
navarro06162004.html

Rato has since joined the Santander Advisory Board as requested by Botin.

But then we also have this:

The MADOFF PONZI SCHEME!

Dec. 14 (Bloomberg) — Banco Santander SA, Spain’s largest bank, said clients had positions valued at 2.33 billion euros ($3.1 billion) invested with Bernard Madoff.

$3.1 BILLION!!

The largest of ALL banks’ exposure to Madoff. BUT…..
Santander had only 17 million euros of its own funds invested through another fund. The $3.1BILLION was CLIENT exposure!

“Mr. Picard’s own investigation concluded that Optimal had no knowledge of fraud by Mr. Madoff, according to documents filed Tuesday in U.S. bankruptcy court in Manhattan.”

“Optimal’s (Santander’s Geneva based Hedge fund) relationship with Mr. Madoff dated back more than a decade, Tuesday’s court papers say. Some 70% of its affected clients are in Latin America, according to people familiar with the situation. Many of the clients also control firms with which Santander has a relationship.”

SB124334966968554601.html

“Much smaller enterprises feeding to Mr. Madoff include those run by two relatives of Santander Chairman Emilio Botín — his son Javier Botín-Sanz and son-in-law Guillermo Morenés.”

Spain’s anticorruption prosecutor will be looking closely at the relationship between Santander, the investment fund Fairfield Greenwich Group, and the Madoff funds, the prosecutor’s office said.
Investigators said they want to know why Mr. Botín sent one of his chief lieutenants to see Mr. Madoff in New York just weeks before the scheme collapsed. Rodrigo Echenique, who has been close to Mr. Botín for many years, visited Mr. Madoff in his New York office at the end of November. Investigators say they want to know whether Santander was aware of any problems at Mr. Madoff’s firm then. Santander declined to comment on the trip or make Mr. Botín available for comment.

Mr. Echenique also declined to comment on the trip.
Investigators say they also are focusing on the role of Fairfield partner Andres Piedrahita, a Colombian who lives in Madrid. He funneled client money into the Madoff funds, and according to marketing materials he also managed at least one other fund on Santander’s behalf that had losses from Mr. Madoff’s alleged fraud.
Mr. Piedrahita and Fairfield declined to comment.”

WSJ%20-%20Giant%20Bank%20in%20Probe%20Over%20Ties%20to%20Madoff.pdf

And where did the $billions actually go? No-one knows to this day it seems….

almost_since_the_news_broke.php

Using the connections of secretive Opus Dei, begun under Franco’s regime, Emilio Botin of Banco Santander co-ordinates with the President of the Vatican bank (Angelo Caloia), an alleged member of Opus Dei, which is not accountable to the Holy See of the College of Cardinals, though it is on Vatican City soil. In Puerto Rico, Botin’s Banco Santander Overseas Bank launders money for the foreign corporation Internal Revenue Service, headed by Opus Dei member Manuel Diaz Saldana, who is also Comptroller of the Commonwealth of Puerto Rico (ELA). Secretive Governor-Elect Luis Fortuno, and Ex-Governor Rafael Hernandez Colon, are also members of Opus Dei. Richard Carrion, head of Popular Holdings, is also on the board of David Rockefeller’s JP Morgan Chase controlled Verizon, and also launders IRS collections and illegal drug profits through offshore accounts. Botin’s Banco Santander has swallowed the assets of many UK banks for pennies on the dollar, leaving the billions in liabilities to UK taxpayers.

Now, the Vatican Bank is said to be a successful and profitable bank. By the 1990s, the Bank had invested somewhere over US$10 billion in foreign companies. In 1968 Vatican authorities hired Michele Sindona as a financial advisor, despite Sindona’s questionable past. It was Sindona who was chiefly responsible for the massive influx of money when he began laundering the Gambino crime family’s heroin monies (taking a 50% cut) through a shell corporation “Mabusi”. This laundering was accomplished with the help of another banker, Roberto Calvi, who managed the Banco Ambrosiano. Both Calvi and Sindona were members of the P2 Lodge. (Henry Kissinger is alleged to be P2)
When Pope John Paul I became Pope in 1978 he was informed about the allegations of wrongdoing at the Vatican Bank, and instructed Jean-Marie Villot, Cardinal Secretary of State and head of the papal Curia, to investigate the matter thoroughly. Pope John Paul I died after only 33 days in office, leading to claims that he had been murdered as a result of discovering a scandal. Pope John Paul I is generally accepted to have died from natural causes, although some medical experts believe that he may have died from a pulmonary embolism or an adverse reaction to the medication that he was taking rather than from a heart attack as was stated in original press reports of his death.

More on the Vatican Bank…

showdoc.php?org_id=843&doc_id=1821

But would you believe…..?

The Vatican Bank is under investigation for alleged involvement in a money-laundering scheme using accounts at one of Italy’s largest banks, according to a weekly investigative magazine.

article6946507.ece

Strangely, the money laundering is in the same timescale as Madoff’s Ponzi scheme run by Santander.

And lastly, just for good measure:

Bilderberg Group –
Ana Patricia Botin, Executive Chairman, Banesto; Vice Chairman, Urbis; Member of the Management Committee, Santander Group, Madrid

Emilio’s daughter.

Now, forgive me if I’m just stretching here but something smells here. Sure Madoff was a criminal – they all are. BUT, as we know, the criminals never get touched. They get off. MADOFF seems to be a scapegoat in my view.
Look at how many times Botin just walks away from any charges. Then look at how he’s had Rato (Spanish Government and IMF) in his pocket. They’re BOTH Jesuits. There is a strong connection to Angelo Caloia previously of the Vatican Bank (run by the Jesuits). The Spanish Jews have become Jesuits. Botin’s entire family were involved in this Madoff stuff and the Group as a whole had the largest exposure to it of ANY Bank/Fund while only 17M Euros of their own but $3.1Billion of clients’ money.

Yes Santander “made good” on some of the losses by their clients but not a lot at the end of the day. And what did they do? They offered Santander shares rather than the cash.

The bank booked a charge of 350 million euros against 2008 earnings for costs associated with the compensation program. The offer includes stock paying an annual yield of 2 percent and an agreement by clients to forgo any legal action and to keep Santander as their “preferred” bank as long as the shares stay in circulation.
So let’s just imagine for a moment that it actually was Santander and Botin/his family, who cashed in on the loss of their own clients to the tune of $3Billion or so. That cash rich injection could just allow for the buying up of a number of other banks now couldn’t it?

June 1st 2010 UPDATE:

VATICAN BANK UNDER INVESTIGATION
Santander Involvement –

STIStory_533955.html

Santander (Madoff Ponzi Scheme) Banking criminals

Posted in Finance, The Corrupt SOB's by earthling on April 7, 2011


Spanish Jesuit Criminal 1: Emilio Botin

I have just found the following minutes of evidence wherein Horta- Osorio of Santander (now Lloyds) is questioned on the Bernie Madoff ponzi scheme. I think the reader will recognise the questioning is certainly that of a Treasury who smell one big rat – a Spanish Jesuit one!

I think, then, for anyone to consider the following previous blogposts a “stretch” in any way, would be closing one’s eyes to what is now set out before you.

Santander’s role in the Bernie Madoff ponzi scheme was immense and yet it is being suppressed.

Santander is a criminal enterprise!

Please cross reference with the following two blogposts:

santander-a-banking-giant-out-of-the-blue

and

bank-worker-stephanie-bon-and-the-4000hr-jesuit

Spanish Jesuit Criminal 2: Ana Patricia Botin

Spanish Jesuit Criminal 3: Horta-Osario

UK TREASURY MINUTES OF EVIDENCE 11th FEBRUARY 2009.

Q2053  Mr Breed: António, could we talk about what may be referred to as “the Madoff affair” and Santander’s investments? I think some of us are quite surprised, bearing in mind the history of your bank and the good acquisitions you have made and perhaps good investment decisions. What did you do in terms of due diligence on Madoff before you put quite substantial amounts of customers’ funds into it?

Mr Horta-Osório: We are as you know a bank which is very prudent in terms of risk management and controls. In order for you to be aggressive commercially, you should have certain areas such as risk management, auditing, control and compliance as very strong areas.

Q2054  Mr Breed: What happened with Madoff?

Mr Horta-Osório: It is in our opinion absolutely impossible to stop all frauds. This, as you know, is a fraud that was very wide, of very high dimensions, supervised by the SEC and the company and the person involved previously had a very high reputation.

Q2055  Mr Breed: As a very minimum, most people would have looked at the auditing arrangements. The auditing arrangements in terms of Madoff consisted of a 78 year old man living in Florida, one qualified accountant and a secretary. What sort of due diligence did you do on that?

Mr Horta-Osório: It is easier to say that with hindsight.

Q2056  Mr Breed: Absolutely, but why did you not do it?

Mr Horta-Osório: We have strong due diligence processes. We are absolutely convinced we followed them as we normally do and, as you know, we decided to compensate all of our private clients as a commercial decision.

Q2057  Chairman: I do not think we are going to get a sorry out of you today, are we? I looked at the congressional hearings and there was a man called Harry Marcopolis who reported this from 2000 to 2008 to the Securities Exchange Commission in the United States. If you look on YouTube, you will see his evidence. I looked at it. He said, “The Key Tip-Off. It took me five minutes to figure out he was a fraud. I basically read his strategy description and knew that that was not the source of his returns. Then I knew right away by looking at his performance chart.” He made an illustration to the Committee and he said, “His performance chart was a 45 degree angle without any variation. It only went in one direction: up. It never had any variation like the market does.” That was a key tip-off. If it took Harry Marcopolis five minutes, why did a credible bank like Banco Santander get duffed up on it? Why did you lose 2 billion euros on it? I put it to you that your due diligence was absolutely and utterly duff.

Mr Horta-Osório: Banco Santander did not lose two billion euros. Santander had a small amount invested in those funds.

Q2058  Chairman: How much did you lose?

Mr Horta-Osório: We lost 20 million euros.

Q2059  Chairman: That is still quite considerable for people.

Mr Horta-Osório: According to the total size of the bank and the total fraud which was $50 billion, that is a very small amount. Within our total asset management we had a significant amount of money and a small percentage of our customers who invested in these funds. We are absolutely convinced, as we have already said publicly, that we followed the due diligence procedure, as did many other banks around the world but despite that we have decided to compensate our private customers. On top of this, because we are in the UK, I would like to add that we have no UK clients at Abbey who invested in those funds.

Q2060  Chairman: It is not that I want to fall out with you but I do not believe you in terms of how the bank went about its structure because, again, Harry Marcopolis says, “What I saw and when I saw it. I was repeatedly ignored after an eight and a half year period between May 2000 and December 2008. Detailed, repeated warnings to the SEC.” That was when it could only have been a $3 billion fraud which ended up with a $50 billion fraud. When you get a one man accounting team who was a college friend of Madoff and he has two of his family in auditing, surely to goodness, with a big company, you should have exercised sufficient due diligence?

Mr Horta-Osório: I sympathise with your comments, but if it had taken five minutes for anyone probably it would have taken five minutes for the SEC as well, which supervised those funds.

Q2061  Chairman: The SEC did not take him on, because your man was the chief executive of NASDAQ and it was the old boys’ club. When you are investing other people’s money, you should have adequate due diligence. That is the point I am trying to make to you.

Mr Horta-Osório: Yes, and I agree with you. On top of that, we have offered to reimburse those customers.

SANTANDER – Update

Posted in Finance, Uncategorized by earthling on February 22, 2010

Following on from my original SANTANDER post: santander-a-banking-giant-out-of-the-blue

From Larouche-Pac (EIR):

“February 9, 2010 (LPAC)—Lyndon LaRouche today issued a stern warning to those around the world, who have bought into the British imperial propaganda line that the United States is going down, and that any alliances or cooperation with Washington are fruitless. “The truth is, that it is the British System that is collapsing, far more rapidly than most people wish to believe. People must realize that the power of the British-led bloc is crashing, and that the clearest sign of this collapse is the unraveling of the Inter-Alpha banking group, led by Banco Santander.”

LaRouche explained: “Last week, I conducted a test, aimed at smoking out the true vulnerability of the British System, through particularly the exposure of Banco Santander, in the onrushing collapse of the European Monetary Union. I warned that Santander was thoroughly exposed in this process, and that this would, in turn, bring down major parts of the City of London, including the British government-run Royal Bank of Scotland, which is indistinguishable from Santander. I also warned that the epicenter of the European crash was not Greece, but Spain. I warned of an immediate spill-over into Brazil, where Santander has been the long arm of British looting policies for more than a decade.

“I was proven right, beyond most people’s expectations,” LaRouche continued. “Within 48 hours of my issuing the warning about the British exposure through Santander, the roof caved in on the nominally Spanish bank, which is, in fact, at the heart of the British System and its reach into continental Europe, Ibero-America and even Russia. Last week, Santander’s total value crashed by 16 percent, and that is just the beginning. Sensing the blood in the water, Union Bank of Switzerland (UBS) issued a “sell” recommendation on Santander stock to its clientele before the end of last week.

“The lesson to be learned from my little test: The British are not the financial power they claim to be. Their system is coming down, fast and hard, and anyone who continues to bet on the British System, including the City of London-manipulated European Monetary Union, is making a very bad bet, indeed.”

SANTANDER: A Banking giant, out of the blue?

Posted in Finance, The Corrupt SOB's by earthling on January 27, 2010

While I condemn violence and crime of any nature, there is a time when one must step back and ask the simple question: WHO are the real criminals? WHO is it that brings people to the point of violence? Could it be people who regard themselves and are regarded by others a “Pillars of Society”? Similarly, the question is raised in regard to Palestinians and the conditions which they live under and why they feel so helpless against a “machine” such as the Israeli regime and military, to wish to “punch back” in any way they can – sometimes suicidally.

One simply must look closer at these people who, while they believe they are better  – and some even state “We do God’s work” – cause sheer desperation to many due to their CORRUPT TO THE CORE activities. Can I be too condemning of this protestor then? No. I can’t. It is a 21st Century version of Jesus casting the money changers from the temple. I’m no religious person but I can say he was right 100%. But Jesus had power, this one man doesn’t. Educate the rest of the population on how it all works and, together, they would have power and need not use it violently.

I’ve been wondering how Santander is suddenly THE bank and how it suddenly came from a second division Spanish Bank background to a World force in such a short time. So I had a wee delve and came up with a few things to think about….

PLEASE ALSO BEAR IN MIND WHILE READING THE FOLLOWING THAT SANTANDER IS PART OF THE ROTHSCHILD INTER-ALPHA BANKING GROUP!

From the Guardian:  madoff-santander-shares

New Black Pope:

0,8599,1700157,00.html

“So? What’s your point now? One minute you’re up against the “jews” and the next it is the Roman Catholic church?? ”

Well the point is this:

The Jesuit Order as a Synagogue of Jews: Jesuits of Jewish Ancestry and Purity-of-Blood Laws in the Early Society of Jesus (Leiden: Brill Academic Publishers, 2009) has led me to another remarkable element in the development of Jesuit casuistry. That is the early and important role of IBERIAN (Spanish) conversos (as Christians of JEWISH ancestry were called) in the development of the Society of Jesus, and its methodology. The evolution of sixteenth century Iberian societies contributed notably to the size and importance of the converso presence in the Jesuit order. At a time when Iberian conversos were increasingly excluded from a growing number of guilds, religious confraternities, colleges, religious and military orders, as well as residence in certain towns, the Jesuit leadership in the first three decades of the order’s history (1540-1572) opened their doors wide to candidates of Jewish descent.

Now, I’ll throw another little fish….

Santander. Where the hell did they appear from all of a sudden? Well consider this:

Emilio Botín (born 1 October 1934) is a Spanish banker. He is the Executive Chairman of Spain’s Grupo Santander. In 1993 his bank absorbed Banco Español de Crédito (Banesto), and in 1999 it merged with Banco Central Hispano creating Banco Santander Central Hispano (BSCH), which became Spain’s largest bank, of which he was co-president with Central Hispano’s José María Amusategui, until Amusategui retired in 2002. In 2004, BSCH acquired the British bank Abbey National, making BSCH the second largest bank in Europe by market capitalisation.

Keep reading…..

After attending as a boarding student the JESUIT SCHOOL of Colegio de la Inmaculada, in Gijón, he studied Law at the University of Valladolid in Valladolid and Economics at the University of Deusto in Bilbao.

A JESUIT school of all things!!

Botín was no newcomer to the banking world. His father, grandfather and great-grandfather were all bankers.

On 25 April 2008, two people died in a plane crash south of Madrid at a property belonging to Emilio Botin. Neither was a member of the banking family. The light aircraft, which was attempting to land at an airstrip on the Botin property known as El Castano, was transporting 441 pounds of hashish.

Nice huh? 🙂 But continue……

1999: Botin faced trial on criminal charges of “misappropriation of funds” and “irresponsible management.” However, in April, 2005 he was cleared of all charges.

2005: the anti-corruption division of the Spanish public prosecutor’s office cleared Botin of all charges in a separate case in which he was accused of insider trading.

January 2006: a Santander, Spain court dismissed a lawsuit stemming from the cancellation of agreements reached by the SCH board in 2004.

November, 2006: Botin was brought to trial along with four other company directors for allegedly falsifying official documents and helping clients evade taxes. Spanish press sources reported that although Botin was accused of crimes against the state, the public prosecutor resisted bringing the case to trial. Private prosecution was brought by a prominent shareholder rights group, the Association for the Defense of the Investor and Clients (ADIC), which claimed that the charges against him constituted the “biggest fraud ever committed in Spain.” Botin evaded serving a jail sentence after the case was dismissed, and an appellate court rejected an appeal brought by ADIC.

Most recently Botin’s name has been in the news because of allegations that in 1999, at the time of the BCH merger, he bribed Spain’s economy minister, Rodrigo Rato, in order to seek favor with government officials. Botin and Rato, alongside a group of former associates have been accused of engineering a deal in which Banesto, a Santander subsidiary currently controlled by Botin’s daughter Ana Patricia Botin, purchased a €6M stake in a bankrupt water utility owned by the Rato family. Rato, Botin, and Alfredo Saenz, who was then serving as Banesto’s CEO, are accused of misappropriating funds, breach of fiduciary duty, falsifying documents, and bribery. The case is ongoing.

Now, Rodrigo Rato:

He was appointed to become the Managing Director of the International Monetary Fund (IMF) on 4 May 2004, and took up his duties on 7 June 2004. He has left his post at the IMF on 31 October 2007, following the World Bank-IMF Annual Meetings.

De Rato attended a JESUIT school before studying law in the Complutense University. So BOTIN and RATO BOTH Jesuits!!

Mr. Rodrigo Rato was the Spanish President’s Minister of Economy, who is responsible for the dismantling of the Spanish welfare state.

Mr. Rato is of the ultra-right . While in Aznar’s cabinet, he supported such policies as making religion a compulsory subject in secondary schools, requiring more hours of schooling in religion than in mathematics, undoing the progressivity in the internal revenue code, funding the Foundation dedicated to the promotion of francoism (i.e., Spanish fascism), never condemning the fascist dictatorship, and so on. In the economic arena, he dramatically reduced public social expenditures as a way of eliminating the public deficit of the Spanish government, and was the person responsible for developing the most austere social budget of all the governments of the European Community.

Gordon Brown, became Rato’s main advocate for the IMF position. Nowhere mentioned is the enormous costs this “success” has had on the quality of life of average folks in Spain. And these are the same policies that Mr. Rato is going to follow in the IMF, policies that have caused enormous pain and harm to the Spanish people, and will now be implemented world-wide. Nowhere, however, have the mainstream media reported on such important dimensions of Mr. Rato’s tenure as Minister of Economy of Spain. Quite remarkable!

Read more of what Rato did to Spain:
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Rato has since joined the Santander Advisory Board as requested by Botin.

But then we also have this:

The MADOFF PONZI SCHEME!

Dec. 14 (Bloomberg) — Banco Santander SA, Spain’s largest bank, said clients had positions valued at 2.33 billion euros ($3.1 billion) invested with Bernard Madoff.

$3.1 BILLION!!

The largest of ALL banks’ exposure to Madoff. BUT…..
Santander had only 17 million euros of its own funds invested through another fund. The $3.1BILLION was CLIENT exposure!

“Mr. Picard’s own investigation concluded that Optimal had no knowledge of fraud by Mr. Madoff, according to documents filed Tuesday in U.S. bankruptcy court in Manhattan.”

“Optimal’s (Santander’s Geneva based Hedge fund) relationship with Mr. Madoff dated back more than a decade, Tuesday’s court papers say. Some 70% of its affected clients are in Latin America, according to people familiar with the situation. Many of the clients also control firms with which Santander has a relationship.”

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“Much smaller enterprises feeding to Mr. Madoff include those run by two relatives of Santander Chairman Emilio Botín — his son Javier Botín-Sanz and son-in-law Guillermo Morenés.”

Spain’s anticorruption prosecutor will be looking closely at the relationship between Santander, the investment fund Fairfield Greenwich Group, and the Madoff funds, the prosecutor’s office said.
Investigators said they want to know why Mr. Botín sent one of his chief lieutenants to see Mr. Madoff in New York just weeks before the scheme collapsed. Rodrigo Echenique, who has been close to Mr. Botín for many years, visited Mr. Madoff in his New York office at the end of November. Investigators say they want to know whether Santander was aware of any problems at Mr. Madoff’s firm then. Santander declined to comment on the trip or make Mr. Botín available for comment.

Mr. Echenique also declined to comment on the trip.
Investigators say they also are focusing on the role of Fairfield partner Andres Piedrahita, a Colombian who lives in Madrid. He funneled client money into the Madoff funds, and according to marketing materials he also managed at least one other fund on Santander’s behalf that had losses from Mr. Madoff’s alleged fraud.
Mr. Piedrahita and Fairfield declined to comment.”

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And where did the $billions actually go? No-one knows to this day it seems….

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Using the connections of secretive Opus Dei, begun under Franco’s regime, Emilio Botin of Banco Santander co-ordinates with the President of the Vatican bank (Angelo Caloia), an alleged member of Opus Dei, which is not accountable to the Holy See of the College of Cardinals, though it is on Vatican City soil. In Puerto Rico, Botin’s Banco Santander Overseas Bank launders money for the foreign corporation Internal Revenue Service, headed by Opus Dei member Manuel Diaz Saldana, who is also Comptroller of the Commonwealth of Puerto Rico (ELA). Secretive Governor-Elect Luis Fortuno, and Ex-Governor Rafael Hernandez Colon, are also members of Opus Dei. Richard Carrion, head of Popular Holdings, is also on the board of David Rockefeller’s JP Morgan Chase controlled Verizon, and also launders IRS collections and illegal drug profits through offshore accounts. Botin’s Banco Santander has swallowed the assets of many UK banks for pennies on the dollar, leaving the billions in liabilities to UK taxpayers.

Now, the Vatican Bank is said to be a successful and profitable bank. By the 1990s, the Bank had invested somewhere over US$10 billion in foreign companies. In 1968 Vatican authorities hired Michele Sindona as a financial advisor, despite Sindona’s questionable past. It was Sindona who was chiefly responsible for the massive influx of money when he began laundering the Gambino crime family’s heroin monies (taking a 50% cut) through a shell corporation “Mabusi”. This laundering was accomplished with the help of another banker, Roberto Calvi, who managed the Banco Ambrosiano. Both Calvi and Sindona were members of the P2 Lodge. (Henry Kissinger is alleged to be P2)
When Pope John Paul I became Pope in 1978 he was informed about the allegations of wrongdoing at the Vatican Bank, and instructed Jean-Marie Villot, Cardinal Secretary of State and head of the papal Curia, to investigate the matter thoroughly. Pope John Paul I died after only 33 days in office, leading to claims that he had been murdered as a result of discovering a scandal. Pope John Paul I is generally accepted to have died from natural causes, although some medical experts believe that he may have died from a pulmonary embolism or an adverse reaction to the medication that he was taking rather than from a heart attack as was stated in original press reports of his death.

More on the Vatican Bank…

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But would you believe…..?

The Vatican Bank is under investigation for alleged involvement in a money-laundering scheme using accounts at one of Italy’s largest banks, according to a weekly investigative magazine.

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Strangely, the money laundering is in the same timescale as Madoff’s Ponzi scheme run by Santander.

And lastly, just for good measure:

Bilderberg Group –
Ana Patricia Botin, Executive Chairman, Banesto; Vice Chairman, Urbis; Member of the Management Committee, Santander Group, Madrid

Emilio’s daughter.

Now, forgive me if I’m just stretching here but something smells here. Sure Madoff was a criminal – they all are. BUT, as we know, the criminals never get touched. They get off. MADOFF seems to be a scapegoat in my view.
Look at how many times Botin just walks away from any charges. Then look at how he’s had Rato (Spanish Government and IMF) in his pocket. They’re BOTH Jesuits. There is a strong connection to Angelo Caloia previously of the Vatican Bank (run by the Jesuits). The Spanish Jews have become Jesuits. Botin’s entire family were involved in this Madoff stuff and the Group as a whole had the largest exposure to it of ANY Bank/Fund while only 17M Euros of their own but $3.1Billion of clients’ money.

Yes Santander “made good” on some of the losses by their clients but not a lot at the end of the day. And what did they do? They offered Santander shares rather than the cash.

The bank booked a charge of 350 million euros against 2008 earnings for costs associated with the compensation program. The offer includes stock paying an annual yield of 2 percent and an agreement by clients to forgo any legal action and to keep Santander as their “preferred” bank as long as the shares stay in circulation.
So let’s just imagine for a moment that it actually was Santander and Botin/his family, who cashed in on the loss of their own clients to the tune of $3Billion or so. That cash rich injection could just allow for the buying up of a number of other banks now couldn’t it?

June 1st 2010 UPDATE:

VATICAN BANK UNDER INVESTIGATION
Santander Involvement –

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