Harwood Feffer LLP Investigating GSVC Corp.

PR Newswire

Harwood Feffer LLP Announces Investigation of GSV Capital Corp.

NEW YORK,  Sept. 7, 2012  /PRNewswire/ -- Harwood Feffer LLP () is
investigating potential claims against the board of directors of GSV Capital
Corp. ("GSV" or the "Company") (NASDAQ: GSVC), concerning whether the board has
breached its fiduciary duties to shareholders.

(Logo:    )

The directors of GSV owes fiduciary obligation to the Company and its
shareholders in the management of the Company's assets.  

GSV shares have fallen over 50% since May when Company stock closed as high as 
$19.65  per share.  Currently trading at  $8.70  per share, GSV has not
recovered from the drop.   

Current holders of GSV shares purchased at any time may have a claim against the
board for breaches of fiduciary duties, gross mismanagement, and/or abuse of
control.  If you own GSV shares and wish to discuss this matter with us, or have
any questions concerning your rights and interests with regard to this matter,
please contact:

Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Christopher Safrath
Harwood Feffer LLP  
488 Madison Avenue  
New York, New York  10022  
Phone Numbers: (877) 935-7400  
(212) 935-7400  
Email:         CSafrath@hfesq.com 
                 MHouston@hfesq.com 
Website:     

Harwood Feffer  has been representing individual and institutional investors for
many years, serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website () for
more information about the firm.

Attorney Advertising. © 2012 Harwood Feffer LLP. The law firm responsible for
this advertisement is Harwood Feffer LLP (). Prior results do not
guarantee or predict a similar outcome with respect to any future matter.

SOURCE  Harwood Feffer LLP 

Privatized Corporations Loot Government Funds w/ Police State

BY: SHEPARD AMBELLAS
SOURCE: http://theintelhub.com/2012/10/13/privatized-corporations-loot-government-funds-with-police-state-contraptions/

To understand how the globalists are stealing from the American people, one must get into the mind of the globalist. The very concept of power and greed is bred into the globalist. Legacy’s carried out for generations makes it merely second nature for the globalist to want to lie, cheat, and steal as some of their families have been for hundreds if not thousands of years.

The globalist has an oligarchical mindset. After all we are all just “useless eaters” as former Secretary of State Henry Kissinger and others would say. One way the globalists can profiteer is to loot governments (such as the corporation of the United States) of their fiat currency, while lining the pockets of their private corporations with monies extracted from the corporation of the United States (Washington DC).

There are many ways that this is being achieved by the globalist crime syndicated worldwide, this problem is not limited to the United States. A good example is the Chertoff Group, headed up by former the former head of the Department of Homeland Security, (DHS) Michael Chertoff. The Chertoff group, through what has become known as the Christmas Day Bomber Incident, (staged false flag) was able to make body scanners a norm in most airports nationwide.

Once this was achieved they could easily loot government funds through DHS approved grants to install invasive cancerous body scanners nationwide. The Chertoff Group (owned by Michael Chertoff) looks like it will be one of the next big profiteers of the decade when it comes to the cyber war, whether real or staged. A Bloomberg article points out how the FCC is demanding private corporations beef up their cyber security; Internet-service providers should adopt an industrywide standard to help keep hackers from taking over customers’ computers, Federal Communications Commission Chairman Julius Genachowski said.

Providers of high-speed Internet service, such as Comcast Corp. and AT&T Inc., should create a voluntary code of conduct to help protect against so-called botnets that secretly infect computers, Genachowski said in a speech today in Washington. He urged providers to take steps to thwart schemes that hijack Internet traffic and direct consumers to fraudulent websites.

“Cyber attacks pose a critical threat to our economic future and national security,” Genachowski said. “If you shut down the Internet, you’d shut down our economy.” Thus concluding that there is now a push from government agencies to increase cyber security on a private level, setting the stage for an actual event (most likely staged) to take place.

Some claim we are the most vulnerable nation on earth to a cyber attack.
The US government will spend more than $10 billion a year on cyber security by 2015, in a worldwide market nearing $140 billion a year.

This allows the criminal cartel to once again dip into the taxpayer pockets, looting the entire nation for all it’s worth and using OUR money to install more police state features throughout this once great country. Recently, Logan Townships (PENN.) new armored “SERT” truck was unveiled at a board of supervisors meeting. The truck was purchased with DHS (federal) funding (grants) which is set to allow them to blanket most police departments across the US.

The new armored police truck called the BearCat can stop 50 cal. machine gun fir, and comes with detection capabilities for gas, chemical, radiological, and biological weaponry or deployment of such. Localities claim that their towns are unreachable within a reasonable timeframe by other police departments that maintain such equipment, typically in larger cities. This once again is setting precedence that most departments will require such vehicles. Another article points out just how much these vehicles cost the American people.

Oct. 4, 2012 - Red Ice Radio Interviews Mark Gaffney

Bilderberg Group & Fannie Mae's James Johnson

     James A. Johnson cuts a powerful figure as he makes his way around Wall Street and Washington in horn-rimmed glasses. He’s a man of prestige: vice chairman of private-equity firm Perseus LLC; head of the compensation committee at Goldman Sachs Group Inc. (GS); former adviser to Democratic presidential aspirants including, briefly, Barack Obama.

     He’s also a “Pied Piper” who led the U.S. down the path to housing hysteria, to hear Gretchen Morgenson and Joshua Rosner tell it in “Reckless Endangerment,” a late though welcome book on a debacle that ejected millions of Americans from their homes and jobs. You might be asking, “James A. Who?” Unlike Richard S. Fuld Jr., Johnson has hardly become a common synonym for excess and greed. Yet from 1991 through 1998, Johnson served as chief executive officer of Fannie Mae, the government-sponsored enterprise that some critics call “ground zero” in the subprime-mortgage explosion.

     Morgenson, a New York Times columnist with a reputation for outing scoundrels, and Rosner, a housing analyst who called the bubble early, seek to connect the dots between Johnson’s tenure and the $2 trillion meltdown that followed. Though many observers have asserted that Fannie Mae and government meddling caused the disaster, this fast-paced, original narrative comes closest to making the case.

     Drawing on more than a decade of reporting, Morgenson and Rosner argue that Johnson laid out a blueprint for other institutions, from mortgage lender Countrywide Financial Corp. to Goldman Sachs. In his lobbying to preserve Fannie Mae’s government ties, Johnson showed bankers “how to control their controllers and produce the outcome they desired: lax regulation and freedom from any restraints that might hamper their risk taking and curb their personal wealth creation.” The contention remains sensitive. Source after source in this book speaks only on condition of anonymity. Johnson himself didn’t respond to interview requests made over five months, the authors say.

     In response to my own request seeking comment three days ago, Johnson’s assistant at Perseus, Tandis Demopoulos, said the executive was “traveling overseas with limited phone access” and offered to get back to me “should he wish to comment.”

     A Minnesota boy made good, Johnson is usually remembered as a Beltway power broker. He was chairman of Walter Mondale’s campaign against Republican President Ronald Reagan in 1984 and served as a senior adviser to John Kerry’s run for the White House two decades later. In these pages, though, he comes across as a man who used his political prowess to secure personal riches.

     When Johnson became CEO, Fannie Mae was fending off suggestions that it should become fully private. Fannie had much to lose. Though publicly traded, the company enjoyed government- bestowed advantages over private rivals. It paid lower taxes, could borrow at cheaper rates, was required to hold less capital and enjoyed a $2.25 billion line of credit at the U.S. Treasury.

     Johnson was determined to protect those benefits, which would allow him to make the company bigger, more profitable and more lucrative for himself, the authors say. So he wrapped Fannie Mae in an altruistic-sounding drive to increase the number of Americans who own homes. He was “the original, if anonymous, architect” of President Bill Clinton’s strategy to boost the homeownership rate to almost 70 percent.

     Positioning Fannie Mae as a do-gooder helped inoculate the company from critics who feared it would one day need a taxpayer bailout, the authors say. It also provided political cover for expanding the company’s loan volumes and loosening its lending standards. When you commit yourself to spending $1 trillion on affordable housing, as Johnson did, something’s got to give.

     Ensconced in its colonial-style headquarters in Washington D.C., Fannie Mae automated its lending process, eliminating traditional due diligence, the authors say. It lowered standards, both on down payments and acceptable ratios between a borrower’s monthly mortgage payment and his or her income, they write.

     So as the loans on its books swelled, they were growing riskier. In 1992, only 6 percent of the loans Fannie purchased represented more than 90 percent of a home’s value, the authors say; three years later, the portion stood at 19 percent.

     All of this translated into soaring earnings for shareholders and rising pay for Johnson. In 1998, his total compensation reached almost $21 million, according to a regulatory report on improper accounting at Fannie. Written in a smooth blend of hard reporting and lucid analysis, “Reckless Endangerment” crackles with indignation and telling anecdotes, some familiar, some less so.
‘Symbiotic Relationship’

     We’re reminded, for example, of the “deeply symbiotic relationship” between Johnson and Angelo Mozilo, the tanned and French-cuffed CEO of Countrywide, which became Fannie Mae’s largest loan provider. The authors also recall a gutsy Congressional Budget Office analyst, Marvin Phaup, who concluded that Fannie Mae and her little brother, Freddie Mac, received benefits from their government ties that totaled $6.5 billion in 1995.

      The size of the subsidy, though a bombshell itself, was overshadowed by Phaup’s stated discovery that the companies retained $2.1 billion of those benefits for themselves and their shareholders. No wonder Johnson’s pay packet was so fat.

      Was the entire subprime debacle the fault of Johnson, Fannie Mae or, more broadly, the Clinton administration? Of course not. The worst excesses were committed by Wall Street much later in the game, as this book makes clear.

     Still, Johnson once asserted that Fannie Mae would never cost taxpayers a dime, the authors say. To date, Fannie and Freddie have cost Americans more than $160 billion.
“Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon” is published by Times Books (331 pages, $30). To buy this book in North America, click here.



SOURCE: http://www.bloomberg.com/news/2011-06-01/fannie-mae-s-johnson-was-pied-piper-drove-u-s-off-housing-cliff-books.html

To contact the writer on the story: James Pressley in Brussels at jpressley@bloomberg.net.

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