The Swiss Miss...the VP... & UBS Enron? The fishy smell in Texas

[Hubert Flottz]

Here is something nobody is looking at much...yet: The connection between the US Ambassador to Switzerland and the Swiss firm that now owns ENRON(UBS Warburg)and the GOP mob from Texas who are in power.

There may be a lot more to Cheney's Swiss Miss than what first meets the eye of the beholder.

UBS = United Bank of Switzerland

What is the background of this "Swiss Miss?"
What dealings has she had with Cheney/Bush in the past?
What connections may she have had to ENRON or Kenny Boy?
What Connections have the UBS Warburgs had with the Bush Mafia?

We DUers, may need to do some snooping into this Swiss Miss/BushCo Connection I think...

***************************

UBS Beats Out Citigroup For Enron Trading Unit

NEW YORK - Enron as a corporate entity is in deep trouble, but its energy trading operation may yet survive. The bankrupt Houston energy firm has been conducting a drawn-out auction for its main trading business, and today the Swiss bank UBS AG was declared the winner.

http://www.forbes.com/2002/01/11/0111enron.html

UBS Warburg Stock and Securities Fraud

UBS Warburg stock fraud accusations in recent months stem largely from its connection to sister company, Paine Webber, Inc. UBS Warburg stock fraud allegations claim that the relationship between the two firms aided the commission of UBS Warburg stock fraud, since UBS Warburg supplied investment research and analysis to Paine Webber. At the center of UBS Warburg stock fraud charges is the collapse of Enron, whose stock UBS Warburg rated a “strong buy.”

http://www.stockfraudnewswire.com/ubswarburg/index.html

UBS Warburg and Enron

In early 2002 the House Committee on Government Reform began to investigate a filing by a UBS Warburg stockbroker who claimed that he was laid off because he advised his clients against keeping Enron shares. The broker, Chung Wu, was dismissed on August 21, 2001, within hours of sending the following email to his clients: “Financial situation is deteriorating in Enron and price drops another $7.00…I would advise you to take some money off the table even at this point.” At the time the email was sent, Enron shares were already trading at less than half of their 2000 value. UBS Warburg’s branch manager, Patrick Mendenhall, addressed Wu’s clients afterward, stating, “Mr. Wu’s statements are contrary to UBS PaineWebber’s current recommendation concerning Enron stock.” UBS Warburg responded to Wu’s August 31, 2001 complaint (filed with the NASD) by arguing that Wu had been removed because he overstepped the company’s policy against contacting more than ten clients without gaining supervisor approval first. Wu claimed that UBS Warburg removed him in response to pressure from Enron.

Another UBS Warburg broker disclosed to the congressional committee that UBS Warburg advisors were instructed not to guide clients toward diversifying their stocks if they held Enron shares. The employee held that it was likely that the investment advice of UBS Warburg analysts had been compromised by the influence of Enron.

UBS Warburg purchased Enron’s energy trading unit in January of 2002, after the company filed for bankruptcy. The operations were renamed UBS Warburg Energy. In addition to obtaining the business, UBS Warburg acquired two Enron skyscrapers and took aboard 650 former Enron employees, including executives John Lavorato and Louise Kitchen, who had taken the company’s largest bonuses after the bankruptcy ($5 million and $2 million), and Greg Whalley, Enron’s former president.

http://www.securitiesfraudfyi.com/ubs_warburg.html

Revolving Door Continues: Sen. Gramm Accepts Post-Retirement Job at Banking Firm that Acquired Enron’s Trading Operation

WASHINGTON, D.C. — Public Citizen today criticized U.S. Sen. Phil Gramm, former head of the Senate Banking Committee, for accepting a potentially lucrative job with UBS Warburg, a Swiss-based investment banking firm that earlier this year acquired the energy trading operations of Texas-based Enron Corp.

"Senator Gramm is the darling of the banks, the oil industry and Enron," said Public Citizen President Joan Claybrook. "In the Senate, he did the bidding of the banking industry and took its money. He did the bidding of the oil industry and took its money. He did the bidding of energy traders and took their money. Now, he’s going to get paid directly from the company that took over Enron’s fraudulent energy trading operation, a business Gramm helped create through a law that deregulated such trading."

UBS Warburg in January acquired Enron Corp’s disgraced energy trading operation, which generated about 90 percent of Enron’s $101 billion in revenue in 2000. UBS Warburg has said it paid nothing up front for the unit but will pay Enron one-third of the pre-tax profits from its operation. UBS will assume control of EnronOnline and use Enron’s energy trading software, trading floors and office equipment.

Since 1989, Gramm has been Congress’ second-largest recipient of campaign money from Enron, taking $101,350. In addition, Gramm is married to Dr. Wendy Gramm, who served on Enron’s board of directors from 1993 to June 6, 2002. In that capacity, Dr. Gramm earned between $915,000 and $1.8 million in salary, director’s fees and Enron stock.

http://www.citizen.org/pressroom/release.cfm?ID=1234

Some Bush family connections to Warburgs who own UBS:

Timeline of Treason: The Bush Family Connections to the Nazis

Snip>

Hitler assumes power.

Max Warburg selected by Prescott Bush to be the American Ship & Commerce Line official representative on the board of the Hamburg- Amerika Line. Warburg was a long time advisor of Hjalmar Schacht, the Nazi’s Economic Minister and an executive in the Reichsbank. Warburg was also a close friend with Montagu Collet Norman.

An agreement to coordinate all trade between Germany & America was reached in Berlin after negotiations between Hitler’s Economics Minister, Hjalmar Schacht & John Foster Dulles.As a result Oliver Harriman, Averell’s cousin formed a syndicate of 150 firms to conduct all business between Germany and the United States.

North German Lloyd Co. merged with Hamburg-Amerika Line in Hamburg. Christian Beck a long time Harriman executive was placed as manager of ‘freight & operations’ in North America for this newly merged company. Emil Helfferich, an ardent Nazi was appointed chairman of this new company called Hapag-Lloyd. Nazi security guards were now on all ships of the company.

William S. Farish was appointed chairman of Standard Oil by John D. Rockefeller. Farish was close friends with Hermann Schmitz, chairman of I.G. Farben. Farish hired Ivy Lee, to write pro-I.G. Farben and pro-Nazi propaganda and get it into the U.S. press. He hired Nazi German crews for Standard Oil tankers. In addition, he hired "Emil Helfferich," chairman of the Hamburg-Amerika Line, as chairman also of the Standard Oil Company subsidiary in Germany. Karl Lindemann, board member of Hamburg-Amerika, also became a top Farish-Standard executive in Germany. The interlock placed Farish and Prescott Bush in a small group of Hitler supporters. Both Emil Helfferich and Karl Lindemann were authorized to write checks to Heinrich Himmler, chief of the Nazi SS, on a special Standard Oil account. This account was managed by the German-British-American banker, Kurt von Schroeder. According to U.S. intelligence documents reviewed by author Anthony Sutton, Helfferich continued his payments to the SS into 1944, when the SS was supervising the mass murder at the Standard-I.G. Farben.....................................MORE

http://www.spiritone.com/~gdy52150/timeline.html


Bush, the Saudi billionaire and the Islamists: the story a British firm is afraid to publish

Publication of book cancelled as libel laws blamed for stifling free speech

David Leigh
Wednesday March 31, 2004
The Guardian


A book investigating links between rich Saudis and US politicians has been suppressed by the giant publishing firm Random House because, it says, of growing "libel tourism" by wealthy foreigners, and exorbitant legal "success fees".

Libel lawyers are stifling free speech, the deputy chairman of Random House, Simon Master, said yesterday.

The UK publication of House of Bush, House of Saud, by the American writer Craig Unger, has been cancelled because Secker and Warburg, a Random House subsidiary, says it can no longer afford such risks....Article continues...

http://books.guardian.co.uk/departments/politicsphilosophyandsociety/story/0,6000,1182578,00.html