Dillon Read & Co. Inc. & the Aristocracy of Prison Profits
by Catherine Austin Fitts
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Nick Brady John Birkelund Al Gore Elaine Kamarck Jack Kemp Mike Eisenson Lauch Faircloth Jamie Gorelick Judge Stanley Sporkin
"Make a law, make a business."  — Old New Jersey street saying

Why I Wrote This Story
A tapeworm injects chemicals into a host that causes the host to crave what is good for the tapeworm. In America, we despair for our deterioration, but we crave the next injection of chemicals from the Tapeworm ...
1. Brady, Bush, Bechtel & “the Boys”
Dillon Read’s Chairman, Nicholas F. Brady, was considered one of George H. W. Bush’s most intimate friends and advisors ...
2. A Rothschild Man
The French Rothschilds, in response to the nationalization of Banque Rothschild by President Mitterrand, moved significant operations and focus to the U.S. ...
3. RJR Nabisco
In 1984 and 1985, Dillon Read helped RJR merge with Nabsico Brands, making the combined RJR Nabisco one of the world’s largest consumer products corporations ...
4. Narco Dollars in the 1980s — Mena, Arkansas; South Central L.A.
Gary Webb’s "Dark Alliance" story was persuasive that the U.S. government and their allies were involved in narcotics trafficking ...
5. Leveraged Buyouts
Perhaps KKR had simply sheltered one of the world's premier money laundering networks and, behind the veil of a private company, taken this network to a whole new level ...
6. A Parting of the Ways
That was when I decided that we might be losing sight of the line between financial engineering and financial fraud. I left the boardroom to make a call to Washington, D.C. There was nothing else to learn at Dillon Read ...
7. “HUD is a Sewer”
When I told Nick Brady in 1989 that I was going to work at HUD, he said, “You can’t go to HUD — HUD is a sewer.”
8. Dillon’s Investment in Cornell
To understand Dillon’s investments in Cornell it is essential to understand who governed Dillon Read, who at Dillon invested personally, as well as who at Dillon helped to govern the venture funds that invested in Cornell ...

9. Cornell Corrections
Cornell arranged for the prison to be constructed by Brown & Root of Houston, Texas, a subsidiary of Halliburton.

10. The Clinton Administration: Progressives for For-Profit Prisons
The Clinton Administration took the groundwork laid by Nixon, Reagan and Bush and embraced the promotion of federal support for police, enforcement and the War on Drugs with a passion that was hard to understand ...
11. Hamilton Securities Group
One of Hamilton Securities’ goals was to map out how the flows of money worked in the U.S. and create software tools that would make this information accessible to communities ...
12. A Note on Protecting the Brand with Dirty Tricks
The supremacy of the central banking-warfare investment model that has ruled our planet for the last 500 years depends on being able to combine the high margin profits of organized crime with a low cost of capital ...
13. “You are Going to Prison” — 1996
One day I was a wealthy entrepreneur with a successful business and money in the bank. The next day I was hunted, business assets seized, living through eighteen audits and investigations, a smear campaign directed not just at me but also members of my family ...
14. Enforcement Terrorism — 1997
My favorite Judge Sporkin quote was his retort from the bench, something to the effect of “I disagree with the law and if you have a problem with that, take it up with Congress.”
15. Dillon Read — Cashing Out on Cornell
These are the kind of profits you get when you buy stock for a price of $3.8 million and several years later sell that stock for $29.9 million — or an almost 800% increase on your investment ...
16. Financial Coup d’Etat — 1998
In June of 1999, Richard Grasso, Chairman of the New York stock exchange, went to Colombia to visit a Revolutionary Armed Forces of Colombia Commander to encourage him to reinvest in the New York Stock Exchange ...
17. Private Banking & the Profitable Liquidation of Every Place
An all-to-familiar impersonal financial mechanism was now in place that created yet another incentive system with global reach, to drive the financial returns of investors up by driving down the Popsicle Index of faceless people and communities, far removed.
18. Through the Via Dolorosa
The Via Dolorosa is the street in the Old City of Jerusalem which Jesus is said to have walked on the way to his crucifixion. It means “the way of grief.”

This article was originally published by Narco News


© 2006-2007 Catherine Austin Fitts

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