Conflicts of Interests — Federal Judges’ Pensions Invested in Toxic MBS

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Yes, and here is something Neil posted on LL

http://livinglies.wordpress.com/2011/02/19/judges-conflict-of-interest-pensions-are-in-mortgage-backed-securities/

and Neil posted this and read down thru blog posts

http://livinglies.wordpress.com/2010/11/24/homeowners-investigating-judges-conflict-of-interest/

and you may want to read this to start research into Blackrock

http://www.scribd.com/doc/35925017/Are-Federal-Judges-Retirement-Plans-invested-in-MBS-ABS-Maiden-Lane-and-Blackrock

and

If you go to http://www.tsp.gov you will see that this is the portal for one of the retirement plans management system for federal judges (reference General Counsel letter also posted by this ScribD poster).

Look around and you will see that http://www.tsp.gov states it uses BlackRock.

BlackRock manages investments in MBS (mortgage backed securities) and ABS (asset based securities) etc.

The Federal Employee Retirement System (FERS) operates a series of mutual funds and other accounts in which government workers can invest their retirement funds. Some of the funds are managed by the Federal Retirement Thrift Investment Board, a U.S. government body, and other funds are managed under contract by the BlackRock Institutional Trust Company.

Federal employees would include FBI, SEC etc.

more on TSP
Types of TSP Investment Funds

There are a number of funds offered by the 2010 Thrift Savings Plan. The determination of which plan you are eligible to chose from starts with your coverage by the Federal Employees’ Retirement System (FERS), the TSP is one part of a three-part retirement package that also includes your FERS basic annuity and of course, your Social Security. If you are covered by the Civil Service Retirement System (CSRS) or are a member of the uniformed, the TSP is a supplement to your CSRS annuity or military retired pay. The following are the types of TSP funds that are available:

G Fund – This is a government securities fund. These types of funds are a unique type of government security not available to the general public and are backed by the full faith and credit of the US Government. The G Fund was the initial fund established by the TSP when it began operations on April 1, 1987.

F Fund- This TSP is a Fixed Income Index fund which is invested in the BlackRock’s U.S. Debt Index Fund. It tracks the Barclays Capital Aggregate Bond Index, a market capitalization-weighted index, very closely. The F Fund was made available to Federal employees back in January 1988, but was limited to only a portion of contributions. Starting in January 1991, all restrictions on F Fund contributions were lifted.

C Fund – This fund is a Common Stock Index fund. The C fund is invested in BlackRock’s Equity Index fund. Thus, it replicates the total return version of the S&P 500 index. The C Fund was also opened to federal employees in January 1988 and was subjected to the same restrictions as the F Fund until January 1991.

S Fund – This is a Small Capitalization Stock Index fund. It is invested in BlackRock’s Extended Market Index Fund. This ensures it tracks the Dow Jones U.S. Completion TSM index. The S Fund was opened to federal employees in May of 2001.

I Fund – International Stock Index fund is the final type of TSP. IT is invested in BlackRock’s EAFE Index Fund. Thus, it replicates the net version of the MSCI EAFE index (An index designed to measure the equity market performance of developed markets outside of the U.S. & Canada). The I Fund opened to employees in May 2001.

see http://www.tsp.gov

Fund Management

Summary of the Thrift Savings Plan

G Fund
F,C,S, and I Funds
L Funds

G Fund

The G Fund assets are managed internally by the Federal Retirement Thrift Investment Board. The G Fund buys a nonmarketable U.S. Treasury security that is guaranteed by the U.S. Government. This means that the G Fund will not lose money.

F,C,S, and I Funds

The Federal Retirement Thrift Investment Board currently contracts BlackRock Institutional Trust Company, N.A. (BlackRock) to manage the F, C, S, and I Fund assets.

The Board invests the assets of the F, C, S, and I Funds in commingled trust funds managed by BlackRock. These trust funds are comprised of investments by tax-exempt institutions like the TSP, such as pension plans and endowments. Investing collectively in this way can be advantageous because it reduces trading costs. The securities held in these commingled funds are held in trust and they are not assets of BlackRock, nor can they be used to meet the financial obligations of BlackRock.

The F, C, S, and I Funds are index funds, each of which is invested in order to replicate the risk and return characteristics of its appropriate benchmark index. For example, the C Fund is invested in a stock index fund that fully replicates the Standard and Poor’s 500 (S&P 500) Index, a broad market index made up of the stocks of 500 large to medium-sized U.S. companies. The C Fund’s objective is to match the performance of the S&P 500. The F, C, S, and I Funds remain invested in the BlackRock funds regardless of the performance of the securities markets or the overall economy.

BlackRock Funds
Although the BlackRock funds operate in a manner similar to mutual funds, they are not, in fact, mutual funds and are not open to individual investors. Furthermore, they are trust funds that are regulated by the Comptroller of the Currency, not by the Securities and Exchange Commission, and therefore do not have ticker symbols.
L Funds

The L Funds are invested in the five individual TSP funds based on professionally determined asset allocations.

+++++++++++++++++++++++++++++++++++++++++++++
also see

http://4closurefraud.org/2011/07/20/mark-stopa-to-foreclosure-judge-i-am-concerned-at-your-decision-to-continue-presiding-over-mortgage-foreclosure-cases-given-your-personal-ties-to-the-banking-industry/

see my next post—

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18 Responses

  1. [...] Like this: Like Be the first to like this post. Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud Tagged: | 60 minutes, AHMSI, appraisal fraud, attorney general, auction fraud, Chris Koster, credit bids, DocX Indictment, foreclosure fraud, FORECLOSURE SETTLEMENT, foreclosures, forgery, housing market, housing prices, investors, linda green, LPS, Missouri, mortgage fruad, mortgages, Robo-Signing, settlement, strategic default « Conflicts of Interests — Federal Judges’ Pensions Invested in Toxic MBS [...]

  2. Guarantees getting to lunch on time.

  3. They like presumptive evidence much better than factual evidence…

  4. So that’s why Judge Meyer, Dept 61, San Diego blew my case through without looking at any of my evidence.

  5. Communism , lol

  6. Trespass Unwanted
    i think there are issues with wordpress & live links preventing posts from posting, the same post will usually post without the link,- its good to use note pad the paste the copy to avoid the huge time waste and vacuum of the binary abyss when you cliclk “post comment” . software sheesh…everything is beta.. just a question of how many bugs are are in the version everyone uses.

  7. These are the Federal Reserve Board orders on the monetary sanctions against 5 banks–Chase, Wells, BOA, Citigroup, Ally—

    http://www.scribd.com/doc/81651559/Federal-Reserve-Board-releases-orders-related-to-the-previously-announced-monetary-sanctions-against-five-banking-organizations-Release-Date-Februar

  8. Yes, we are in a twilight zone only it is our reality. Not feeding the monster any more sounds good; no more paying anything to a gov’t entity. We need to repeat treason over and over and over and keep telling what we see until we can make our stories bigger than their lies. many do not understand what has and is happening; there are only a few of us; but we can keep going and talking and tweeting etc. use social media, youtube, etc. dont give up dont stop.

  9. BlackRock is administrator for Maiden Lane. Just sold a bunch off to Goldman Sachs. Just another reason for the judges to toss homeowners ignoring the rule of law.

  10. Stalking is a crime Javagold. WE are not permitted to commit crimes.We will end up in jail for sure if we step out of line. They need to be tried for Treason.Does anybody get this?

  11. There was an article yesterday about a machete-weilding person robbing a Supreme Court Justice…….IF TRUE ……then this must be the beginning of the end. The robber did’nt go far enough.

  12. We know what to do. We don’t do it. Maybe not enough of us are suffering yet to warrant the only possible course of action: stop paying anything to any bank whatsoever and to government (mortgage, bills, student loans, taxes, etc.)

    If you want to kill anything, stop feeding it. As simple as that.

    Eventually, all the pension plans our elected officials participate in (and that we, as taxpayers, probably match to some extent) will dry out and there won’t be any reason for any conflict of interest. Follow the money. If it leads where you don’t want it to go, stop sending it.

  13. @ bansterslayer#301

    We”ll miss you

  14. I can’t take anymore.

  15. I clicked “Post Comment” and my prior post about the Fed and it being like a tick on a host disappeared. Oh well. I’m not typing it again. Hopefully it went through a moderation because I posted a link and it will be here shortly.

    Anyway,
    The change will come. We are at the precipice of your thoughts. What do you want. Think of what you want to see, and not what you currently see, and watch the world become what you want to see.
    And if you keep seeing this…well you will keep seeing this because that’s what you see.
    That’s how it works…that’s how it’s always worked.
    I tested it out on some flowers the other day. I saw them blooming, and that location is the only location with blooming flowers. They weren’t blooming when I saw them blooming, but I didn’t stop seeing what I wanted to see, and then…one day…full bloom.
    What do you want to see. Start seeing it and it will start being what you see.

    Trespass Unwanted, Corporeal, Life, Sovereign, a Free and Independent State, a People, In Jure Proprio, Jure Divino.

  16. @ Martha Raysik

    Fascism is the New World Order, where corporations run the entire system. The rule of law is being modified to “excuse criminal behavior” in the banking and financial sector and make “felony behavior” legal, for certain entities. This ought to prove interesting, down the road, when you can actually offer these cases and settlements as evidence of no wrong-doing, as others in the past were immune from prosecution, for a similar charge/crime.

  17. yes i believe this is the next major obstacle …… my suggestion, is they need to be made uncomfortable walking in public….let it be known to all in public, who they are and what they are, when they are eating, shopping, etc….

  18. I woke up the other day and realized that we are living under communism. The new order has arrived. It snuck in the back door when we had our heads down like sheep.

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