The Chuck Hagel Bankster Connections.HT: EconomicPolicyJournal.The nomination of Chuck Hagel has prompted an email response from Alan P. at PEU Report. He writes to EPJ:
Pentagon nominee Chuck Hagel has his own PEU ties. I've yet to see the media report them.Alan, also, provided a link to his post, Chuck Hagel PEU, which details how Hagel has been keeping himself busy with his bankster ties.
In his post, Alan notes that Hagel sits on the advisory board of Corsair Capital. a private equity underwriter (PEU) focused on the financial services industry. He also serves on the Board of Directors of Chevron Corporation and Zurich’s Holding Company of America; and the Advisory Board of Deutsche Bank America, and is a Senior Advisor to Gallup.
Most noteworthy, Hagel is a director of Wolfensohn and Company. The company is founded by global operator James Wolfensohn. After Paul Volcker left the Federal Reserve to cash in, he chose to go with Wolfensohn's predecessor firm as a senior partner. Wolfensohn sold the predecessor firm when he became president of the World Bank.
In 2005, upon leaving as president of the World Bank, he founded Wolfensohn & Company, LLC, where Hagel is a director. The firm is privately held firm that invests, and provides strategic consulting advice to governments and large corporations doing business, in emerging market economies.
Since 2006, Wolfensohn has also been the chairman of the International Advisory Board of Citigroup.
In 2009, he became a member of the International Advisory Council of the Chinese sovereign wealth fund China Investment Corporation.
Bottom line, Hagel is operating at the core of crony corporate America and the expanding empire, if he is that close to Wolfensohn.
Neoconservatives and and gay rights groups are up in arms about some of Hagel's comments in the past about Israel and gays, but Hagel is a major insider. The empire will continue to expand under him, if he becomes Defense Secretary. For the real insiders, the Israel controversy and the gay comments are surface skirmishes, what the Hagel nomination is really about is a major league bankster heading the DOD, and in the end that means its about huge crony $$$$.Read the full story here.