Tag Archives: bank of america

Second Mile “Program” Was Homosexual Agenda

Second Mile Charity Pushed Homosexual Agenda

Paul Drockton

As indicted pedophile groomer, Jerry Sandusky’s Charity, the Second Mile, continues to implode, allegations have been raised that he was pimping out youngsters to the rich and famous for sexual favors. Sandusky’s Charity was not a small entity. An estimated 100,000 children and adolescents went through his program. The number of potential victims is staggering.

Penn State University has more than one connection to Sandusky and his “program”.

“Prior to the summer of 2004,The Second Mile staff formed a partnership with The Pennsylvania State University’s Prevention Research Center to assess the intrapersonal and environmental factors of children served in the Summer Challenge Program. As a result, campers at the University Park site now are asked to complete a computer-based questionnaire, the Assessment of
Liability and Exposure to Substance Abuse and Antisocial Behavior (ALEXSA), during their stays at camp.”

The survey did not question the youth about sexual abuse, habits or molestation. Considering Sandusky’s previous record and exposure, this is a glaring omission. These surveys could also be used, in the wrong hands, to identify possible targets for sexual abuse by a pedophile ring. Possibly, even used by Sandusky and others to find youth that could be easily compromised or blackmailed into sex with adults.

As the MSM continues to look for a way out of this story, more victims continue to come forward. Sandusky’s charity, The Second Mile, had a substantial amount of corporate money flowing into it. Sponsors of one seven week camp-out alone put down $50,000 each to have their name on a campsite. These included Bank of America and State Farm Insurance in one instance.

According to its 2010 annual report, the largest category of the Second Mile’s revenues, 27 percent, came from events: $725,525 after expenses. Corporations gave $633,880, individuals gave $438,308 and foundations provided $361,783.

Other major donors listed on the charity’s report for 2010 include:

$50,000 or more:

Blake and Linda Gall
Bruce and Susan Heim and Keystone Real Estate Group
The Hershey Company
Highmark Foundation
Maier Family Foundation and Wilheim and Peggy Maier
Robert and Marilyn Mayer
Bob and Sandra Poole and The Poole Foundation
The Schreyer Foundation
Shaner Hotel Group and Lance and Ellen Shaner
Clyde and Nancy Shuman and Precision Medical, Inc.
Turner Construction Company
Warnaco Foundation

$20,000 to $49,900

Bank of America Charitable Foundation, Inc.
Community Foundation for Southeast Michigan
Computer Aid, Inc., the Salvaggio Family Foundation, and Tony Salvaggio
Ken and Celina Fox
The Hamer Foundation
Highmark Blue Shield
KVF Associates, Inc.
L.B. Smith Automotive Group and L.B Smith Estate Foundation
The Louis Silvi Foundation
Charles and Virginia Pearson
L. Edward and Beverly Sausman
Sheetz, Inc.
Philip and Judy Sieg
State Farm Companies Foundation

Another interesting tidbit of information comes from looking at the charity’s expenses. One thing the second mile promoted was an \anti-bullying\ kit for schools. The homosexual community is behind this effort nationwide. The same homosexual movement that is sponsored by the Satanic Psychopaths to destroy the American family. The effort is really designed to normalize homosexuality in our schools.

The charity also sponsored a mentorship program between college students and kids. The report does not mention a screening process designed to stop sexual predators from becoming mentors. According to one researcher:

“It is difficult to convey the dark side of the homosexual culture without appearing harsh,” wrote Baldwin. “However, it is time to acknowledge that homosexual behavior threatens the foundation of Western civilization – the nuclear family.”

Though the homosexual community and much of the media scoff at such accusations, Baldwin – who chaired the California Assembly’s Education committee, where he fought against support for the homosexual agenda in the state’s public schools – says in his report that homosexual activists’ “efforts to target children both for their own sexual pleasure and to enlarge the homosexual movement” constitute an “unmistakable” attack on “the family unit.”

Baldwin’s research is substantiated in a recently completed body of work written by Dr. Judith Reisman, president of the Institute for Media Education and author of numerous authoritative books debunking sexual myths, including “Kinsey, Crimes & Consequences.”

In her thesis – also written for the Regent University Law Review – Reisman cited psychologist Eugene Abel, whose research found that homosexuals “sexually molest young boys with an incidence that is occurring from five times greater than the molestation of girls. …”

Abel also found that non-incarcerated “child molesters admitted from 23.4 to 281.7 acts per offender … whose targets were males.”

“The rate of homosexual versus heterosexual child sexual abuse is staggering,”
said Reisman, who was the principal investigator for an $800,000 Justice Department grant studying child pornography and violence. “Abel’s data of 150.2 boys abused per male homosexual offender finds no equal (yet) in heterosexual violations of 19.8 girls.”

Even more troubling, are reports that some leadership within the homosexual community actually promote pedophilia, without a strong vocal protest from other homosexual leadership:

* The Journal of Homosexuality recently published a special double-issue entitled, “Male Intergenerational Intimacy,” containing many articles portraying sex between men and minor boys as loving relationships. One article said parents should look upon the pedophile who loves their son “not as a rival or competitor, not as a theft of their property, but as a partner in the boy’s upbringing, someone to be welcomed into their home.”

* In 1995 the homosexual magazine “Guide” said, “We can be proud that the gay movement has been home to the few voices who have had the courage to say out loud that children are naturally sexual” and “deserve the right to sexual expression with whoever they choose. …” The article went on to say: “Instead of fearing being labeled pedophiles, we must proudly proclaim that sex is good, including children’s sexuality … we must do it for the children’s sake.”

* Larry Kramer, the founder of ACT-UP, a noted homosexual activist group, wrote in his book, “Report from the Holocaust: The Making of an AIDS Activist”: “In those instances where children do have sex with their homosexual elders, be they teachers or anyone else, I submit that often, very often, the child desires the activity, and perhaps even solicits it.”

* In a study of advertisements in the influential homosexual newspaper, The Advocate, Reisman found ads for a “Penetrable Boy Doll … available in three provocative positions. She also found that the number of erotic boy images in each issue of The Advocate averaged 14.

* Homosexual newspapers and travel publications advertise prominently for countries where boy prostitution is heavy, such as Burma, the Philippines, Sri Lanka and Thailand. (Ibid)

Universities have consistently promoted sexual deviancy through their curriculum and regular attacks on the traditional American family. They also provide a fertile environment for gross sexual experimentation. It would be very interesting to see how applicants were screened by the Second Mile for staff positions and mentorship programs.

Jerry Sandusky, the charity’s founder, is just one example when a homosexual pedophile is permitted unlimited access to our nation’s youth. Sadly, there are many others.

SOURCE

Foreign Banks Tapped Fed’s Lifeline Most as Bernanke Kept Borrowers Secret

Foreign Banks Tapped Fed’s Lifeline Most as Bernanke Kept Borrowers Secret
By Bradley Keoun and Craig Torres – Apr 1, 2011 1:19 AM ET

March 31 (Bloomberg) — Bloomberg reporter Bob Ivry discusses the release of the Federal Reserve’s discount-window lending records and Goldman Sachs Group Inc.’s borrowing history. He speaks with Matt Miller on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Foreign Banks Tapped Fed’s Secret Lifeline Most Crisis Peak

Dexia SA borrowed as much as $33.5 billion through its New York branch from the Fed’s “discount window” lending program, according to Fed documents released yesterday in response to a Freedom of Information Act request.

U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.

Dexia SA (DEXB), based in Brussels and Paris, borrowed as much as $33.5 billion through its New York branch from the Fed’s “discount window” lending program, according to Fed documents released yesterday in response to a Freedom of Information Act request. Dublin-based Depfa Bank Plc, taken over in 2007 by a German real-estate lender later seized by the German government, drew $24.5 billion.

The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the program surged to a record. The disclosures may stoke a reexamination of the risks posed to U.S. taxpayers by the central bank’s role in global financial markets.

The caricature of the Fed is that it was shoveling money to big New York banks and a bunch of foreigners, and that is not conducive to its long-run reputation,” said Vincent Reinhart, the Fed’s director of monetary affairs from 2001 to 2007.

Separate data disclosed in December on temporary emergency- lending programs set up by the Fed also showed big foreign banks as borrowers. Six European banks were among the top 11 companies that sold the most debt overall — a combined $274.1 billion — to the Commercial Paper Funding Facility.

Bank of America

Those programs also loaned tens of billions of dollars to each of the biggest U.S. banks, including JPMorgan Chase & Co. (JPM), Bank of America Corp., Citigroup Inc. and Morgan Stanley.

The discount window, which began lending in 1914, is the Fed’s primary program for providing cash to banks to help them avert a liquidity squeeze. In an April 2009 speech, Bernanke said that revealing the names of discount-window borrowers “might lead market participants to infer weakness.”

The Fed released the documents after court orders upheld FOIA requests filed by Bloomberg LP, the parent company of Bloomberg News, and News Corp.’s Fox News Network LLC. In all, the Fed was ordered to release more than 29,000 pages of documents, covering the discount window and several Fed emergency-lending programs established during the crisis from August 2007 to March 2010.

Public Outrage

The American people are going to be outraged when they understand what has been going on,” U.S. Representative Ron Paul, a Texas Republican who is chairman of the House subcommittee that oversees the Fed, said in a Bloomberg Television interview.

What in the world are we doing thinking we can pass out tens of billions of dollars to banks that are overseas?” said Paul, who has advocated abolishing the Fed. “We have problems here at home with people not being able to pay their mortgages, and they’re losing their homes.”

The Monetary Control Act of 1980 says that a U.S. branch or agency of a foreign bank that maintains reserves at a Fed bank may receive discount window credit.

David Skidmore, a Fed spokesman, declined to comment.

Wachovia Corp. was the only U.S. bank among the top five discount-window borrowers as the crisis peaked.

The Charlotte, North Carolina-based bank borrowed $29 billion from the discount window on Oct. 6, in the week after it nearly collapsed, the data show. Wachovia agreed in principle to sell itself to Citigroup Inc. on Sept. 29, before announcing a definitive agreement to sell itself to Wells Fargo & Co. (WFC) on Oct. 3. The Wells Fargo deal closed at the end of 2008.

Wells Fargo spokeswoman Mary Eshet declined to comment on Wachovia’s discount-window borrowing.

Bank of Scotland

Bank of Scotland Plc, which had $11 billion outstanding from the discount window on Oct. 29, 2008, was a unit of Edinburgh-based HBOS Plc, which announced its takeover by London-based Lloyds TSB Group Plc in September 2008.

The borrowings in 2008 didn’t involve Lloyds, which hadn’t completed its acquisition of HBOS at the time, said Sara Evans, a spokeswoman for the company, which is now called Lloyds Banking Group Plc. (LLOY)

“This is historic usage and on each occasion the borrowing was repaid at maturity
,” Evans said. “The discount window has not been accessed by the group since.”

Other foreign discount-window borrowers on Oct. 29, 2008, included Societe Generale (GLE) SA, France’s second-biggest bank; and Norinchukin Bank, which finances and provides services to Japanese agricultural, fishing and forestry cooperatives. Paris- based Societe Generale borrowed $5 billion that day, and Tokyo- based Norinchukin borrowed $6 billion.

Bank of China

We used it in concert with Japanese and U.S. authorities in the purpose of contributing to the stabilization of the market,” said Fumiaki Tanaka, a spokesman at Norinchukin.

Bank of China, the country’s oldest bank, was the second- largest borrower from the Fed’s discount window during a nine- day period in August 2007 as subprime-mortgage defaults first roiled broader markets. The Chinese bank’s New York branch borrowed $198 million on Aug. 17 of that month, while two Deutsche Bank AG divisions borrowed $1 billion each, according to a document released yesterday.

Arab Banking Corp., then 29 percent-owned by the Libyan central bank, used its New York branch to borrow at least $1.1 billion from the discount window in October 2008.

The foreign banks took advantage of Fed lending programs even as their host countries moved to prop them up or orchestrate takeovers.

Dexia received billions of euros in capital and funding guarantees from France, Belgium and Luxembourg during the credit crunch.

‘Backward-Looking’

Dexia’s outstanding balance at the Fed has been reduced to zero, Ulrike Pommee, a spokeswoman for the company, said in an e-mail.

This information is backward-looking,” she said. “We experienced a great deal of tension concerning the liquidity of the dollar at the time of the crisis. The Fed played its role as central banker, providing liquidity to banks that needed it.

Depfa was taken over in October 2007 by Hypo Real Estate Holding AG, which in turn was seized by the German government in 2009. Oliver Gruss, a spokesman for Depfa’s parent company, didn’t respond to requests for comment.

Many foreign banks own large pools of dollar assets –bonds, securities and loans — funded by short-term borrowings in money markets. The system works when markets are calm, said Dino Kos, former executive vice president at the New York Fed in charge of open-market operations. In times of stress, banks can be subject to sudden liquidity squeezes, he said.

‘Playing With Fire’

They are playing with fire,” said Kos, a managing director at Hamiltonian Associates Ltd. in New York, an economic research firm. “When the market dries up, and they can’t roll over their funding — bingo, you have a liquidity crisis.”

The potential for dollar shortages remains. As the Greek fiscal crisis roiled financial markets last year, the Fed had to open swap lines with the European Central Bank, the Swiss National Bank, the Bank of England and two other central banks to make more dollars available around the world. That move was partially the result of U.S. money market funds shrinking their exposure to European bank commercial paper.

To contact the reporters on this story: Bradley Keoun in New York at [email protected]; Craig Torres in Washington at [email protected]

To contact the editor responsible for this story: David Scheer at [email protected]
http://www.bloomberg.com/news/2011-04-01/foreign-banks-tapped-fed-s-lifeline-most-as-bernanke-kept-borrowers-secret.html