Who Bankrupted General Motors?

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The Zionist Gang that Bankrupted General Motors
Christopher Bollyn -- Thursday, 18 June 2009

General Motors did not fall due to natural forces. Like the twin towers on 9-11, GM was taken down. Like 9-11, GM was sabotaged from the inside. The corporate raiders who took down GM are part of the same network of Jewish Zionists who brought down the World Trade Center.

The bankruptcy of General Motors (GM) is very similar to the collapse of the twin towers of the World Trade Center on 9-11. Both catastrophic events are described in the controlled media as having occurred due to natural forces, while actually they are both the results of sabotage carried out by insiders. In both cases, the people who brought down the operation were Trojan Horses, people who had bought their way into positions of control in order to destroy them. The people behind the destruction of GM and the WTC are corporate raiders of the worst kind.

General Motors did not simply collapse as a result of market forces; it was bankrupted by corporate raiders who had infiltrated the company and taken control of its finances. Likewise, the evidence indicates that the twin towers of the World Trade Center did not collapse due to the stresses associated with the plane crashes; they were prepared in advance to be demolished using extremely powerful explosives, including tons of nano-thermite, or super-thermite. This was facilitated by the people who had obtained control of the towers shortly before 9-11, namely Larry Silverstein and the former Israeli commando Frank Lowy.

What is most remarkable is that these events are closely related. The same people are involved in the conspiracy to plunder and destroy both the World Trade Center and General Motors. This article identifies some of the key people and reveals the strategy behind the destruction of one of America's oldest companies.

BANKRUPTING GENERAL MOTORS

General Motors Corp. filed for bankruptcy on June 2, 2009, as the Zionist-run Obama administration provided unprecedented federal funding and oversight. The bankruptcy filing by GM was the third-largest in American history and the largest ever in U.S. manufacturing. Now that GM is facing restructuring, its assets will be taken over for pennies on the dollar. The notorious corporate raider Carl C. Icahn, for example, is reportedly looking at taking over Delphi Chassis Systems.

So, how did GM go bankrupt? If one looks at the sales figures for GM, it simply does not make sense. In 2007, GM was the largest producer of vehicles in the world, manufacturing 13 percent of the total, and had the largest slice of the U.S. car and truck market with 23.4 percent of domestic sales.

In 2007, GM led in global production and U.S. market share. Graphics from Wikinvest.

Globally, GM sold 9.4 million cars and trucks in 2007, an increase of 3 percent over 2006. GM's 2007 tally was, in fact, the second best global sales total in the company's 100-year history and marked the third consecutive year the company had sold more than 9 million vehicles. That doesn't sound like a company on the brink of collapse, does it? In its 100-year history GM had been through much worse downturns, such as the Great Depression and the Second World War, yet GM managed to survive and thrive. What is so different about the management at GM in the past few years that it caused America's biggest auto manufacturer to go into bankruptcy despite three consecutive bumber years of global sales?

George Richard (Rick) Wagoner became president and chief executive officer of GM on June 1, 2000. The value of GM stock started the month of May 2000 at its peak of over $93 per share. The day Wagoner became CEO the stock finished at $69.81. By the end of the year it was worth less than $51 per share. GM stock had fallen to about $35 when Wagoner was elected chairman on May 1, 2003. Why promote a CEO who was clearly taking the company down the drain?

Despite the falling stock price, Wagoner remained CEO and chairman of GM until March 29, 2009. Under Wagoner's leadership GM suffered more than $85 billion in losses -- losing $82 billion in the last 4 years! Why wasn't Wagoner replaced earlier? How was GM selling more cars than ever but losing more and more money? It simply doesn't make sense.

Were his hands tied? Rick Wagoner (center) with Mark Neporent (left), COO of Cerberus, and Eric Feldstein (right), chief executive of GMAC and treasurer of General Motors Corp. This photo is from the 2006 announcement of the Cerberus deal for a majority stake in GMAC in which Bernard Madoff's partner-in-crime, J. Ezra Merkin, became chairman of GMAC. Is Wagoner responsible for $85 billion in losses at GM - or was he just a useful idiot?

In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's largest market is the U.S., followed by China, Brazil, the United Kingdom, Canada, Russia, and Germany. Despite three years of record sales, GM lost $18.8 billion during the first 6 months of 2008; by late October, its stock had dropped 76 percent, and it was considering a merger with Chrysler.

At the time the GM-Chrysler merger was being considered, Chrysler was primarily owned (80.1 percent) by the private equity firm Cerberus Capital Management, L.P., headed by Stephen A. Feinberg and Jacob Ezra Merkin. Cerberus is named after the mythological three-headed dog of Hell. It should be noted that Feinberg and Merkin also controlled General Motors Acceptance Corp. (GMAC), the financial services branch of GM.

GM sold 51 percent of GMAC in 2006 to Feinberg's private equity firm Cerberus Capital Management LP, and Jacob Ezra Merkin became chairman of GMAC. Had the merger gone through, Feinberg and Merkin would have probably become majority owners of both GM and Chrysler. This appears to have been the plan. Feinberg and Merkin, the owners of GMAC, had plundered and conspired to bring down GM so that they could take it over.

When Cerberus gained control of GMAC, they hurt GM's domestic sales by raising the credit requirements for car loans. Feinberg and Merkin reportedly raised the credit requirements so high that they caused a very sizable chunk of sales to be lost due to customers' inability to secure financing. Cerberus reportedly used this tactic to pressure GM into selling or trading their remaining stake in GMAC.

Ezra Merkin became a controlling owner of Israel's Bank Leumi shortly before he got his hands on GMAC in 2006. Here he shakes the hand of the notorious war criminal Ariel Sharon as he hands him a check for $500 million. Ehud Olmert (center) held secret meetings in New York City on September 10, 2001. Merkin's private Israeli bank has a branch in Switzerland that contains billions of stolen dollars held in secret numbered accounts.

Merkin is clearly a criminal. He is one of the key players of the multi-billion dollar criminal fraud carried out by Bernard Madoff. Merkin secretly diverted untold billions to Madoff's fraudulent investment fund. One of Merkin's funds lost $1.8 billion of investor cash with Madoff. Merkin was seen as "the Golden Boy controlling the Golden Goose."

Feinberg and Merkin were also controlling co-owners of Israel's Bank Leumi, which had been privatized in 2005 under finance minister Benjamin Netanyahu. Bank Leumi also has off-shore banks and a branch in Switzerland in which billions of dollars are held in secret numbered accounts.

It was reported on December 30, 2008, that the U.S. Treasury would provide $6 billion more for GMAC, headed by Merkin and the extremely secretive Feinberg. Feinberg is so secretive his Who's Who biography says he is deceased!

Stephen A. Feinberg, Ezra Merkin's partner-in-crime.

The U.S. Treasury was reportedly buying a $5 billion stake in GMAC and lending $1 billion to GM. This "loan" was in addition to $13.4 billion of taxpayer dollars the Treasury had already lent to GM and Chrysler LLC. Once again, a plundered and bankrupted company was being "bailed-out" with taxpayer funds.

Merkin had been chairman of GMAC since November 2006. GMAC reportedly lost nearly $8 billion while Merkin was in charge. Despite Merkin's huge losses at GMAC and his involvement in the Madoff criminal scam, the U.S. government evidently had no problem providing billions of taxpayer dollars to Merkin, whose Ariel Fund was one of the largest funds feeding billions to Bernie Madoff's financial black hole. Madoff reportedly "lost" some $50 billion, or more.

Jacob Ezra Merkin, orthodox Jew and devoted Zionist, finally resigned as chairman of GMAC on January 9, 2009. How was Merkin allowed to remain in control of the privately-held GMAC operation for so long despite his history of financial fraud?

WHO RAN GMAC?

GMAC is a very interesting operation. A wholly owned subsidiary of General Motors since 1919, GMAC provided customers with more than $1.4 trillion in credit to finance more than 162 million vehicles. Originally designed to provide financing for people buying GM vehicles, it branched out into other fields, such as real estate. GMAC Commercial Mortgage (GMACCM), for example, provided the funds for Larry Silverstein and the former Israeli commando Frank Lowy to take over the World Trade Center in July 2001. The towers served as the collateral. GMAC Commercial Mortgage sold $563 million in bonds backed by a loan to Silverstein Properties for its purchase of the towers. If Silverstein and Lowy were part of the conspiracy to destroy the World Trade Center, the people controlling GMACCM would probably also be. Who was controlling the purse strings at GMAC in 2001 when Silverstein was negotiating to obtain control of the World Trade Center?

Larry Silverstein, here with his daughter Lisa, made billions of dollars from the destruction of the World Trade Center. He is the former chairman of the UJA-Federation of New York, the largest Zionist fund-raising organization in the world.

At GMAC, the person in charge of the money was Eric A. Feldstein, born in Brookline, Mass. in 1959. Feldstein had worked in the office of the treasurer at GM Corp. from 1981-91 and was regional treasurer in Europe from 1991-93. In 1993, he returned to New York as assistant treasurer. In March 1996, he was named executive vice president and chief financial officer of GMAC and chairman of the GMAC Mortgage Group, where he oversaw corporate activities responsible for general finance, audit, and worldwide borrowings.

Feldstein became treasurer of General Motors in November 1997, and was elected vice president the following month. In June 2001, Feldstein was named General Motors' vice president, finance, and corporate treasurer. When GM and GMAC failed in 2008, Feldstein went to work for Feinberg and Merkin at Cerberus, joining the team named after the three-headed dog of Hell. At Cerberus, Feldstein was made executive vice president.

Eric Feldstein, the treasurer of GM, laughs with Rick Wagoner and Mark Neporent, COO of Cerberus, as the Zionist-run fund took majority control of GMAC. By this point, GM was well on its way to losing $85 billion - all during Feldstein's term as GM corporate treasurer and vice president in charge of finance.

Eric Feldstein is the son of Donald Feldstein, a high-ranking member of a number of Zionist organizations in New York and New Jersey. The elder Feldstein is one year older than Larry Silverstein and has a long history of leadership in the same Zionist organization as Silverstein. Donald Feldstein was an executive director of the United Jewish Appeal-Federation Jewish Philanthropies in New York City from 1976-81. This is the huge Zionist fund-raising organization that Larry Silverstein headed as the chairman of the board and where he is an honorary board member. The connection between Donald Feldstein and Larry Silverstein at this Zionist organization certainly played a role in Eric Feldstein's decision to use GMAC money to back Silverstein's bid for the World Trade Center. It is through such Zionist organizations like the UJA-Federation and the secretive order of B'nai B'rith, an international organization of Jewish Freemasons, that the Zionist network functions. In this way actions and decisions that affect whole nations can be made without anyone outside the "community" being aware.

GMAC Commercial Mortgage Corp., under the leadership of Donald Feldstein's son, provided an $800 million loan to fellow Zionists Silverstein and Lowy to back their bid for the soon-to-be privatized World Trade Center in the summer of 2001. This privatization deal, initiated by the Zionist Ronald Lauder and managed by Lewis Eisenberg of the Port Authority, was finalized at the end of July 2001. The WTC complex was finally put into private hands – Zionist hands – only 6 weeks before it was demolished and pulverized with super-thermite.

FELDSTEIN JOINS ETON

After being fired from GMAC, Eric Feldstein went to work for Cerberus in March 2008. Three months later he became CFO at Eton Park Capital Management. Eton Park is a hedge fund run by 42-year-old Eric M. Mindich, formerly with Goldman Sachs, and Alan R. Batkin, the vice chairman of the fund. Batkin, 64, is the senior partner at Eton Park. Although Feldstein lost billions as the head of GMAC and was fired because he had destroyed the 90-year-old company, Mindich and Batkin made him chief financial officer at Eton Park. Feldstein's colossal failure at GMAC evidently did not bother them. He was clearly being rewarded for a job well done.

Alan Batkin, the vice chairman at Eton Park, is very highly connected. Batkin was, for example, vice chairman of Kissinger Associates Inc. from 1990 through 2006. It is, however, his executive positions at some of the biggest companies of Israel, such as Israel Discount Bank (IDB) and Discount Investment Corporation, Ltd., that reveal the intense Israeli character of Eton Park. (The IDB has been privatized and is also closely tied to the Madoff scam.)

Alan R. Batkin is a member of the board of governors of Tel Aviv University and is treasurer of PEC Israel Economic Corp. (part of Discount Investment Corporation, Ltd.) where he has served as CEO, president, and director. He also served as the Chief Executive Officer and President of Orama Ltd. (a venture capital firm founded in 1999 to support companies in the Israeli technology sector; a subsidiary of IDB Group, Ltd.)

From 1972 to 1990, Batkin was an investment banker at Lehman Brothers, where he was a Managing Director for 14 years. Batkin has been, since 1999, a director of Overseas Shipholding Group Inc. (OSG), which owns and manages a large fleet of transatlantic oil tankers. As a director of OSG, Batkin works with Solomon Merkin, the brother of Jacob Ezra Merkin. Their father, Hermann Merkin, was one of the owners of the company along with the Recanati family of Israel Discount Bank. Batkin is also vice chairman and a director of Hasbro Inc. since 1992.

Solomon Merkin

Batkin was a director of Infinity Broadcasting Corp. since April 1992. Infinity provided popular talk radio with a distinctly pro-Israel point of view. Foremost among Infinity's talk show staff was Howard Stern, a vulgar and controversial radio personality. Other national radio performers employed by Infinity included Don Imus, Larry King, G. Gordon Liddy and Rush Limbaugh. Infinity merged with CBS Radio in 1997.

Alan Batkin is a scion of the intensely Zionist Batkin and Tenzer families and the son of Stanley Irving Batkin, a leading Zionist figure since the 1930s. Stanley Batkin is a recipient of Israel's Prime Minister's Medallion (1974) and the City of Jerusalem Medal (1976). These awards are given to Zionists for extraordinary service to Israel. The elder Batkin has served, since the founding of the state of Israel, as an executive of the following organizations (among many others): the Zionist Organization of America; the State of Israel Bond Committee; the Jewish Theological Seminary; State of Israel Bonds; Israel's Weizmann Institute of Science; Friends of Bezalel Academy of Arts & Design, Inc.; and Yeshiva University Museum. -- END

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