Leveraged Leases In New York (1984) - British Invisibles (BI) - 350 PPM Carbon Cap - Joyce Foundation Director (1994-2002) - Larry Silverstein - WTC

From the Abel Danger White House Group to those whom it may concern

February 17, 2012

McConnell links Obama's leveraged BI lease to Twin Towers carbon cap

Field McConnell has linked Barack Obama’s work on leveraged leases in New York (1984) for British Invisibles (BI) to a 350 ppm carbon cap which the Joyce Foundation director (1994-2002) set for Larry Silverstein, lessee of the WTC Twin Towers, to justify the demolitions of 9/11.

Prequel:
As Director of Joyce Foundation Obama Helped Fund Chicago Climate Exchange

“In the late summer of 1983, future United States President Barack Obama interviewed for a job at Business International Corporation. He worked there for "little more than year.” As a research associate in its financial services division, he edited Financing Foreign Operations, a global reference service, and wrote for Business International [Front for British Invisibles which took care of his CUKC passport problems with the help of Kristine Marcy, Field McConnell’s sister] Money Report, a weekly financial newsletter. His responsibilities included "interviewing business experts, researching trends in foreign exchange, following market developments. . . . He wrote about currency swaps and leverage leases [Obama’s prototype leveraged lease was tested by British Invisibles (BI) with the Bhopal insecticide bomb on December 3, 1984] . . . . Obama also helped write financial reports on Mexico and Brazil.”
“Prior to becoming President, Obama sat on the board of the JOYCE FOUNDATION, a liberal charity. This foundation was originally established by Joyce Kean's family which had accumulated millions of dollars in the lumber industry. It mostly gave funds to hospitals but after her death in 1972, the foundation was taken over by radical environmentalists and social justice extremists. This JOYCE FOUNDATION, which is rumored to have assets of 8 billion dollars, has now set up and funded, with a few partners, something called the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the exchange (like the Chicago Grain Futures Market for agriculture) where Environmental Carbon Credits are traded. Under Obama's new bill, businesses in the future will be assessed a tax on how much CO2 they produce (their Carbon Footprint) or in other words how much they add to global warming. If a company produces less CO2 than their allotted measured limit, they earn a Carbon Credit. This Carbon Credit can be traded on the CXX exchange. Another company, which has gone over their CO2 limit, can buy the Credit and "reduce" their footprint and tax liability. It will be like trading shares on Wall Street.”

“As a presidential candidate, Barack Obama must demonstrate executive experience, but he remains strangely silent about his eight years (1994-2002) as a director of the Joyce Foundation, a billion dollar tax-exempt organization. He has one obvious reason: during his time as director, Joyce Foundation spent millions creating and supporting anti-gun organizations. There is another, less known, reason. During Obama’s tenure, the Joyce Foundation board planned and implemented a program targeting the Supreme Court. The work began five years into Obama’s directorship, when the Foundation had experience in turning its millions into anti-gun “grassroots” organizations, but none at converting cash into legal scholarship.”

“BRITISH Invisibles, the organisation set up to promote UK financial services abroad, has reinvented itself just two years after a previous unsuccessful rebranding exercise when it christened itself BI. After a review led by Lord Levene, BI will now be called International Financial Services, London. [Allegedly led by KPMG, Willis Group Holdings Ltd. – the Twin Towers insurer – and the Worshipful Company of Insurers], The review confirmed the need for a promotional body for the industry, but found that the organisation needed to be more strategic and targeted in its approach. The group will have a new and restructured board, with chief executive Jeremy Sneddon standing down to be replaced in the interim by deputy John Nichols. Its funding structure has also been reorganised, with reduced contributions from the Corporation of London as IFSL scales back overseas promotional visits with the Lord Mayor. The review conceded that the previous rebranding exercise in 1998 was a compromise and had been unsuccessful in establishing a brand. Lord Levene said: "I am excited by the changes we have made and believe they will provide significant benefits."”

“Lewis Eisenberg, vice president of AIPAC and former Goldman Sachs partner, was Chairman of the Port Authority ("PA"), the Lessor. Larry Silverstein, New York developer and friend of Netanyahu (every Sunday Netanyahu would call Silverstein) led the Silverstein Group, the Lessee. In April 2001 Silverstein was informed he had lost his bid in the privatization of the World Trade Center ("WTC"). Then events took a surprising turn. The winner dropped out, leaving Silverstein and his partners, who had finished second, as the new winner. The Lease The lease was purchased by the Silverstein Group for $3.2 billion on July 24, 2001. Silverstein put up $125 million, only $14 million his own money. The net lease covers four buildings at the World Trade Center, including the Twin Towers and the retail Mall. It may have been one of the most elaborate deals in the leasing history of New York City. The speed with which this painstakingly complex deal was closed is notable. "There are a million items that need to be dealt with", said Marc Schauer, of NAI Lawrence, a leasing firm. The entire negotiation period — from start to finish — lasted only a few [3] months, a relatively swift duration in the world of colossal lease transactions especially with a governmental entity. [This frantic rush to close [for possession] by some deadline was the principal cause of the litigation to follow. Why the rush? [They were using time-lapse ciphers on the UK MOD’s Federal Bridge to the State of Illinois]]”



“The story of the Silverstein insurance program, assembled in the summer of 2001, is so far-fetched that any law professor who dreamed it up would be laughed out of the classroom. Silverstein hired Willis Group Holdings Ltd. to find enough coverage to satisfy his lenders. Willis is a giant insurance broker, specializing in coverage for big commercial properties. Silverstein's lenders insisted on first $2.3 bn., then right before the lease deal closed, $3.55 bn. Willis scrambled to place the insurance, ultimately to 25 carriers. Negotiations were frenetic. Willis hustled in June and July, contacting carriers in the United States, Europe and Bermuda to place coverage. Willis distributed a sample policy that Willis had developed, the Wilprop form. This form included a specific definition of "occurrence" under which the destruction of the WTC was plainly, a single occurrence. But Willis later testified that it considered its form a starting point for negotiations after the closing. On July 24, 2001, Silverstein closed with only binders, slips of coverage and certificates of insurance totaling $3.5 bn. from his insurers ["slips" are binders in Europe]. According to federal Judge Martin, "The New York Court of Appeals has made clear that when a binder is signed, "the contract of insurance is closed and the binder is in effect the same as a regular insurance policy." Swiss Re [a major insurer] asserts that the language used in the binders that it and 21 other insurers signed was the "WilProp" form under which the attack on the WTC is unambiguously a single occurrence.”

We invite you to contact Field McConnell to learn how his ‘Presidential Field’ election campaign will expose some of the Obama SALT – Sabotage Arbitrage Leverage Terror – in the Twin Towers wound.

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