February 24, 2009
“The incoming chairman of Citigroup, Richard Parsons, showed up at the White House Monday, fueling talk that the federal government might take a massive ownership stake in the troubled banking behemoth,” reports Politico. “Parsons’ appointment was to see Valerie Jarrett, one of President Barack Obama’s closest West Wing confidants.”
|Rockefeller minion and CFR member Richard Parsons.|
According to the corporate media, the government plans to grab 40 percent ownership in Citigroup, a move that is widely explained as “nationalization” of the banks.
“Nationalizing ailing banks means the government would tell bank execs to take a hike, and then oversee taxpayer dollars as they course through the banking sector’s veins,” writes Thomas Kelley for Yahoo News. “When all is well, perhaps after selling assets and operations to new private investors, the government then steps back and lets a newly regulated bank sector float on its way.”
In fact, “nationalization” has nothing to do with telling the banksters to “take a hike” and it certainly has nothing to do with regulation. Bank nationalization is a code word for a banker scheme to “socialize” the insolvency of selected banks, i.e., this insolvency will be transferred to the tax payers. (See Nationalization: Code Word for Banker Takeover.)
Richard Parsons is a close Rockefeller deputy. He is chairman emeritus of the Partnership for New York City, established by David Rockefeller in 1979, and also serves as an advisory trustee of the family’s principal “philanthropy,” the Rockefeller Brothers Fund. In addition, Parsons sits with David Rockefeller on the board of the World Trade Center Memorial Foundation.
From the early 1980s through the 1990s, Parsons owned a house at Rockefeller family estate in Pocantico Hills. His grandfather was once a groundskeeper for the Rockefellers. Mr. Parsons was groomed to serve the banksters from early in his career, same as fellow African-American Barack Obama.
In addition, Parson is a member of the CFR. John D. Rockefeller, along with other members of the international banking elite — including J.P. Morgan, Paul Warburg, Otto Kahn, and Jacob Schiff — founded the Council on Foreign Relations in New York on July 29, 1921. Rockefeller and this rogue’s gallery also engineered the Federal Reserve System. Professor Carroll Quigley characterized the CFR as “…a front group for J.P. Morgan and Company.”