Friday, February 25, 2011

Group of Thirty (Timothy Geithner) video
http://wn.com/group_of_thirty

Geithner told AIG not to reveal details about banks youtube
http://www.youtube.com/watch?v=l27AzEUw3sE&feature=related

http://www.chinadaily.com.cn/china/09usofficials/2009-05/31/content_7955871.htm
Excerpt:
Early life and education
Geithner was born in Brooklyn, New York. He spent most of his childhood living outside the United States, including present-day Zimbabwe, Zambia, India and Thailand where he completed high school at International School Bangkok. He attended Camp Becket-in-the-Berkshires-for-boys, a summer camp located in western Massachusetts. He then attended Dartmouth College, graduating with a B.A. in government and Asian studies in 1983. He earned an M.A. in international economics and East Asian studies from Johns Hopkins University's School of Advanced International Studies in 1985. He has studied Chinese and Japanese.
Geithner's paternal grandfather, Paul Herman Geithner (1902–1972), emigrated with his parents from Zeulenroda, Germany to Philadelphia, Pennsylvania in 1908. His father, Peter F. Geithner, is the director of the Asia program at the Ford Foundation in New York. During the early 1980s, Peter Geithner oversaw the Ford Foundation's microfinance programs in Indonesia being developed by S. Ann Dunham-Soetoro, President Barack Obama's mother, and they met in person at least once. Timothy Geithner's mother, Deborah Moore Geithner, is a pianist and piano teacher in Larchmont, New York where his parents currently reside. Geithner's maternal grandfather, Charles F. Moore, was an adviser to President Dwight D. Eisenhower and served as Vice President of Public Relations from 1952-1964 for Ford Motor Company.

http://en.wikipedia.org/wiki/Ann_Dunham
Excerpt:
Dunham studied at the University of Hawaii and the East-West Center and attained a bachelor's in anthropology or mathematics[4] and master's and Ph.D. in anthropology.[5] Interested in craftsmanship, weaving and the role of women in cottage industries, Dunham's research focused on women's work on the island of Java and blacksmithing in Indonesia. To address the problem of poverty in rural villages, she created microcredit programs while working as a consultant for the United States Agency for International Development. Dunham was also employed by the Ford Foundation in Jakarta and she consulted with the Asian Development Bank in Pakistan. Towards the latter part of her life, she worked with Bank Rakyat Indonesia, where she helped apply her research to the largest microfinance program in the world.[5]
http://www.conspiracyarchive.com/NWO/Trilateral_Members.htm
Excerpt:

Jacob A. Frenkel, Vice Chairman, American International Group, Inc. and Chairman, AIG's Global Economic Strategies Group, New York, NY; Chairman and Chief Executive Officer, G-30; former Chairman, Merrill Lynch International; former Governor, Bank of Israel; former Economic Counselor and Director of Research, IMF; former Chairman, Board of Governors of the Inter-American Development Bank; former David Rockefeller Professor of Economics, University of Chicago

http://en.wikipedia.org/wiki/Jacob_A._Frenkel
Excerpt:

Jacob A. Frenkel

Frenkel, October 16, 2007
Born1943
British Mandate of Palestine
ResidenceU.S.
NationalityIsraeli
FieldsEconomics
InstitutionsJPMorgan Chase 2009-Present
AIG 2004-
Group of Thirty
Merrill Lynch 2000-04
Bank of Israel 1991-00
IMF 1987-91
University of Chicago 1973-87
Alma materUniversity of Chicago, M.A., Ph.D.
Hebrew University of Jerusalem, B.A.
Doctoral advisorRobert Mundell

Jacob Aharon Frenkel (Hebrew: יעקב אהרן פרנקל‎; born in 1943) is an Israeli economist and businessman. He is the former Governor of the Bank of Israel and currently serves as Chairman of JPMorgan Chase International.

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[edit] Biography

Dr. Frenkel earned a B.A. in economics and political science at the Hebrew University of Jerusalem, and an M.A. and Ph.D. in economics at the University of Chicago.
Frenkel is currently the Chairman of JPMorgan Chase International, which executes the international strategy of the American financial services firm.[1] He also serves as Chairman and CEO of the Group of Thirty (G-30), which is a private, nonprofit, consultative group on international economic and monetary affairs.
Frenkel served from 2004 to 2009 as Vice Chairman of American International Group (AIG) and from 2000 to 2004 as Chairman of Merrill Lynch International, as well as Chairman of Merrill Lynch’s Sovereign Advisory and Global Financial Institutions Groups. Between 1991 and 2000 he served two terms as the Governor of the Bank of Israel. He is credited with reducing inflation in Israel and achieving price stability, liberalizing Israel’s financial markets, removing foreign exchange controls, and integrating the Israeli economy into the global financial system. During 1995-1996, Frenkel served as Chairman of the Board of Governors of the Inter-American Development Bank and, during 1999-2000, as Vice Chairman of the Board of Governors of the European Bank for Reconstruction and Development.
Between 1987 and 1991, he was the Economic Counselor and Director of Research at the International Monetary Fund, and between 1973 and 1987 he was on the faculty of the University of Chicago where he held the position of the David Rockefeller Professor of International Economics and served as Editor of the Journal of Political Economy.
He is a fellow of the Econometric Society, a foreign honorary member of the American Academy of Arts and Sciences, a member of the Board of Directors of the National Bureau of Economic Research, a member of the International Advisory Board of the Council on Foreign Relations, a member of the Trilateral Commission, a member of the board of the Council for the United States and Italy, a member of the Investment Advisory Council of the Prime Minister of Turkey, and a member of the International Advisory Council of the China Development Bank. He is also a member of the Board of Directors of the Peter G. Peterson Institute for International Economics.

http://www.jpmorgan.com/cm/cs?pagename=JPM_redesign/JPM_Content_C/Generic_Detail_Page_Template&cid=1259886088790&c=JPM_Content_C
Excerpt:

Dr. Jacob Frenkel appointed Chairman of JPMorgan Chase International

Dec 08, 2009
New York, December 8, 2009 – JPMorgan Chase announced today that Dr. Jacob Frenkel will join the firm as Chairman of JPMorgan Chase International, and will become a member of the JPMorgan Chase Executive Committee and the International Council.

Dr. Frenkel is the Chairman of the Group of Thirty (G30), a private, nonprofit consultative group on international economic and monetary affairs, and plays leadership roles in a number of other leading international organizations. From 1991 to 2000, he served for two terms as the Governor of the Bank of Israel, where he is credited with reducing inflation, liberalizing Israel’s financial markets, removing foreign exchange controls, and integrating the Israeli economy into the global financial system. He most recently was a Vice Chairman of AIG, and previously was Chairman of Merrill Lynch International, Inc.

http://curiouscapitalist.blogs.time.com/2009/01/30/davos-cross-post-aig-vice-chairman-jacob-frenkel-says-its-not-his-fault-because-hes-vice-chairman-in-name-only/
Excerpt:

Davos cross-post: AIG vice chairman Jacob Frenkel says it's not his fault because he's vice chairman in name only

The Tayyip Erdogan-Shimon Peres rumble last night was partly about Gaza. But it was also about the limitations of panel moderation at Davos. I don't mean to single out David Ignatius, whose failure to keep Israeli President Peres from vastly exceeding his allotted time apparently incensed the Turkish prime minister. I had been at another panel Thursday morning where Peres rambled on and on, ignoring several polite nudges from moderator Maria Ramos, a South African CEO. The prominence and self-importance of many of the speakers here, coupled with a certain cultural sensitivity to behaving in ways that people from other countries might find obnoxious, seems to keep moderators from exercising the discipline often needed to make discussions work.
So it was refreshing this afternoon to watch the BBC's Nik Gowing make no attempt to avoid obnoxiousness in a made-for-TV discussion about financial crisis and regulation. He was especially tough on Jacob Frenkel, the former University of Chicago economist and Israeli central bank chief who for the past few years has possessed the (now somewhat embarrassing) title of vice chairman of AIG.
In past years—especially last year—Frenkel was Davos's designated optimist. By now he has acceded to reality, essentially conceding today that everything his fellow panelist and former intellectual antagonist Nouriel Roubini said was right. But when Gowing asked him about his culpability for AIG's colossal wipeout, Frenkel initially avoided the question by saying there had been a systemic collapse in which AIG had been caught up. In a disbelieving voice, Gowing kept pressing him, finally leading to this exchange:
Gowing: So there's no personal responsibility?
Frenkel: At least as far as I'm concerned, there isn't.
Later, Frenkel explained that, despite his fancy title, he's not actually on AIG's board. (He didn't say this, but I think he was basically hired to represent the firm at events like Davos.) It was sporting of him to even show up, I guess—I didn't see anybody else from a bailed-out financial firm on hand—and even more sporting to submit to Gowing's interrogation. But Davos could definitely use a bit more of Gowing's attitude this year.


Read more: http://curiouscapitalist.blogs.time.com/2009/01/30/davos-cross-post-aig-vice-chairman-jacob-frenkel-says-its-not-his-fault-because-hes-vice-chairman-in-name-only/#ixzz1F2tD3Mzp

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