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Author Topic: Cerebus/Dyncorp acquiring nearly every gun and ammunition maker in the U.S  (Read 12665 times)
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« on: December 12, 2010, 02:04:10 PM »


The first glimmering by the American people of what was to come came on November 13, 2010 when the George Soros controlled private equity company Cerberus Capital Management cut off all gun and ammunition sales in the US.  Apparently, the American people were totally unaware that Cerberus had for the past decade acquired nearly every gun and ammunition maker in the United States and consolidated them into a holding company called The Freedom Group.


Uh... I was just reading through my earlier post http://forum.prisonplanet.com/index.php?topic=194990.msg1156942#msg1156942 and just got the crap scared out of me.

I had to check to see if they were making stuff up about George Soros acquiring nearly every gun and ammunition maker in the U.S.

Look it up for yourselves, Cerberus Capital Managment and George Soros.

What I've found so far is really unsettling.  I found this post over on David Icke's forum dated 31-10-2010, 03:34 PM and the link they site as a reference, http://bulletin.accurateshooter.com/2010/01/freedom-group-cerberus-acquires-barnes-bullets/ seems to check out as genuine  WTF??? -->>

http://www.davidicke.com/forum/showthread.php?t=142044

"The George Soros controlled private equity company Cerberus Capital Management could cut off all gun and ammunition sales in the US. Apparently, the American people are totally unaware that Cerberus has for the past decade acquired nearly every gun and ammunition maker in the United States and consolidated them into a holding company called The Freedom Group.
-------------------------------


http://bulletin.accurateshooter.com/2010/01/freedom-group-cerberus-acquires-barnes-bullets/

January 5th, 2010
Freedom Group (Cerberus) Acquires Barnes Bullets

Cerberus Capital Managment, through its Freedom Group holding company, has acquired yet another well-known gun industry company: Barnes Bullets. On December 31, 2009, Freedom Group, Inc. entered into a purchase agreement to acquire certain assets of Barnes Bullets.

In recent years, Cerberus/Freedom Group has acquired Remington, Bushmaster, Marlin, H&R, DMPS and other smaller firearms-related companies. By acquiring Barnes, the Freedom Group gains entry into the ammunition component business at a time when brass, bullets, and powder remain in high demand. As the Freedom Group continues to build a vertically integrated firearms-related mega-corp, one wonders if Cerberus will look to acquire a powder-maker next. Freedom Group already sells Remington-brand factory-loaded ammunition.

Barnes Bullets, located in Mona, Utah, is the industry-leading supplier of copper bullets, including copper-tin composite core bullets. Barnes is a major player in the “lead-free” bullet market. This has become important as lead-core bullets have been banned in many hunting areas, and lead-free bullets are required in many indoor shooting facilities. Barnes Bullets will continue day-to-day operations at Utah facility under the guidance of company founder, Randy Brooks.

Ted Torbeck, CEO of the Freedom Group, Inc. stated: “With the acquisition of Barnes, the Freedom Group continues to demonstrate our commitment to the ammunition business. Barnes offers a premium line of high performance bullets for the hunting and shooting communities; and for law enforcement, military and commercial consumers. We are excited about their R&D capabilities and the breadth of the products they bring to our portfolio.”

Freedom Group is now one of the world’s largest producers of guns and ammo. Freedom Group brands include Remington, Bushmaster, DPMS/Panther Arms, Marlin, H&R, NEF, LC Smith, Parker, EOTAC, AAC, Dakota and INTC. The company distributes its products throughout the U.S. and in over 80 foreign countries. Learn more at www.freedom-group.com.
--------------------------------







http://en.wikipedia.org/wiki/Freedom_Group


Freedom Group
From Wikipedia, the free encyclopedia

Type Private
Industry Firearms/Sporting Goods
Founded 1816 (as Remington Arms Company)
Headquarters United States Madison, North Carolina
Key people Theodore H. Torbeck (CEO)
Stephen P. Jackson (CFO)
Revenue ▲ US$ 848.7 million (2009)
Net income ▲ US$ 24.4 million (2009)[1]
Owner(s) Cerberus Capital Management
Employees 2,800
Website http://www.freedom-group.com/

Freedom Group is an American firearms manufacturer holding company. It was founded in 1816 and has since acquired notable brands such as Bushmaster, DPMS, and Remington Arms.[2]
[edit] Companies

* Remington Arms
* Bushmaster Firearms International
* DPMS Panther Arms
* Marlin
* H & R Firearms
* NEF
* Dakota Arms
* LC Smith
* Parker
* AAC
* Barnes Bullets
* EOTAC
* INTC
----------------------------"
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« Reply #1 on: December 12, 2010, 02:40:41 PM »

Where is the Soros connection?
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« Reply #2 on: December 12, 2010, 02:51:34 PM »

That's basically what I'm asking.

This is posted more as a question than a statement.

"Has George Soros, through his involvement with Cerberus -- acquired nearly every gun and ammunition maker in the United States and consolidated them into a holding company called The Freedom Group effectively building a vertically integrated firearms-related mega-corp"?

I'd also like to add that I hope I am wrong, I hope I am completely mistaken, and I'm here asking to be corrected.
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« Reply #3 on: December 12, 2010, 03:16:31 PM »

Cerebus...Dan Quale

Cerebus...Dyncorp

Cerebus...John Snow GHWB Treasury Secretary

Cerebus...bankrupted both GM and Chrysler to help drive offshore businesses and attain billions in bailouts

Cerebus...NEW WORLD ORDER PRIVATE EQUITY FUND TO TAKE DOWN AMERICA!


http://en.wikipedia.org/wiki/Cerberus_Capital_Management

Industry   Private Equity
Founded   1992
Headquarters   New York City
Products   private equity funds
Total assets   $24 billion
Website   www.cerberuscapital.com

Cerberus Capital Management, L.P. is one of the largest private equity investment firms in the United States. The firm is based in New York City, and run by 50-year-old financier Steve Feinberg. Former U.S. Vice President Dan Quayle has been a prominent Cerberus spokesperson and runs one of its international units.

History

Founded in 1992, Cerberus is named for the mythological three-headed dog that guarded the gates of Hades. Feinberg has stated to his employees that while the Cerberus name seemed like a good idea at the time, he later regretted naming the company after the mythological dog.[1]

The company has been a very active acquirer of businesses over the past several years and now has sizable investments in automotive, sportswear, paper products, military services, real estate, energy, retail, glassmaking, transportation, and building products. In 2006, its holdings amounted to $24 billion.

On October 19, 2006, John W. Snow, President George W. Bush's second Treasury Secretary, was named chairman of Cerberus.

J. Ezra Merkin is a partner in Cerberus. Merkin invested his funds into Cerberus and its portfolio companies. His Gabriel fund invested $79 million in Chrysler, $66 million in GMAC and $67 million in Cerberus partnerships, according to year-end statements.[2] The Gabriel Fund was a feeder fund for Bernard L. Madoff Investment Securities LLC.[3]

The Japanese bank, Aozora, a Cerberus company lost $137 million to Bernard L. Madoff Investment Securities LLC. Aozora was part of the investment group that acquired 51 percent of GMAC from General Motors. [4]

On April 12th 2010 Cerberus acquired the private military contractor DynCorp International.

Chrysler
In 2007, Cerberus and about 100 other investors purchased an 80% stake in Chrysler for $7.4 billion,[5] promising to bolster the auto maker’s performance by operating as an independent company. In 2008, the plan collapsed due to an unprecedented slowdown in the U.S. auto industry and a lack of capital.[6] In response to questioning at a hearing before the House committee on December 5, 2008 by Rep. Ginny Brown-Waite, Chrysler President and CEO Robert Nardelli said that Cerberus' fiduciary obligations to its other investors and investments prohibited it from injecting capital.[6] On March 30, 2009, it was announced that Cerberus Capital Management will lose its equity stake and ownership in Chrysler as a condition of the Treasury Department’s bailout deal, but Cerberus will maintain a controlling stake in Chrysler’s financing arm, Chrysler Financial. Cerberus will utilize the first $2 billion in proceeds from its Chrysler Financial holding to backstop a $4 billion December 2008 Treasury Department loan given to Chrysler. In exchange for obtaining that loan, it promised many concessions including surrendering equity, foregoing profits, and giving up board seats: "In order to achieve that goal Cerberus has advised the Treasury that it would contribute its equity in Chrysler automotive to labor and creditors as currency to facilitate the accommodations necessary to affect [sic] the restructuring."[7] Chrysler Financial refused to take $750 million in Troubled Asset Relief Program (TARP) government bailout aid because executives didn't want to abide by executive-pay limits, and because the firm doesn't necessarily need the money.[8] On April 30, 2009, Chrysler declared bankruptcy protection and announced that GMAC will become the financing source for new wholesale and retail Chrysler cars.[9] Chrysler Financial, once the exclusive lending arm of the storied automaker, remained owned by Cerberus.

GMAC
Cerberus acquired 51 percent of GMAC, General Motors' finance arm, in 2006 for $7.4 billion.[4] It appointed Merkin as nonexecutive Chairman.[10] As of October 15, 2008, GMAC had $173 billion of debt against $140 billion of income-producing assets (loans and leases), some which are almost worthless, in addition to GMAC Bank’s $17 billion in deposits (a liability). Even if GMAC liquidated the loans and leases, it could not pay back all of its debt.[11] On December 10, 2008, GMAC said, "GMAC LLC, the auto and home lender seeking federal aid, hasn’t obtained enough capital to become a bank holding company and may abandon the effort, casting new doubt on the firm’s ability to survive. A $38 billion debt exchange by GMAC and its Residential Capital LLC mortgage unit to reduce the company's outstanding debt and raise capital hasn’t attracted enough participation." This was due in part because Cerberus had raised the credit requirements for car loans so high, virtually eliminating leasing, that they have been responsible for a sizable chunk of lost sales at GM due to customers inability to secure financing, in order to pressure GM into selling or trading their remaining stake in GMAC.[12] GM stands to write-off over a billion dollars in lost residuals – which they paid up front to GMAC. GMAC's exposure to the gap in residual values is around $3.5 billion.[13] In December 2008, Cerberus subsequently informed GMAC’s bondholders that the financial services company may have to file for bankruptcy if a bond-exchange plan is not approved. The company had previously said it may fail in its quest to become a bank holding company because it lacks adequate capital.[4] In January 2009, Merkin resigned from his chairmanship as a condition by the U.S. government.[14] Five days earlier, the Federal Reserve granted GMAC bank holding company status, so it could get access to the bailout money.[15] On December 29, 2008, the U.S. Treasury gave GMAC $5 billion from its $700 billion Troubled Asset Relief Program (TARP). Cerberus's investments in Chrysler and GMAC totaled about 7 percent of its assets under management.[5] At the end of May, 2009, Cerberus scaled back their ownership as a condition of the lender becoming a bank-holding company, when the bulk of GM's existing ownership stake in GMAC was placed into a trust, overseen by a trustee appointed by the Treasury, to be gradually dispersed. Cerberus distributed the majority of its stake in GMAC to its investors.[16] The Federal Deposit Insurance Corporation (FDIC) gave GMAC access to the Temporary Liquidity Guarantee Program that allows companies to borrow money at lower interest rates. The initiative was created in October, 2008 to help banks borrow money by promising to repay investors if the banks defaulted. The U.S. Government also waived a rule that would restrict the amount of loans that GMAC could make to Chrysler's customers and dealers because both firms are owned in part by Cerberus Capital Management.[17]

Broken deal for United Rentals
In the summer of 2007, Cerberus agreed to buy 100% of United Rentals, the world's largest equipment rental company and traded on the NYSE. After the credit markets began to tighten in August, Cerberus attempted to reduce the deal price. United Rentals refused to reprice the deal, and in November sued in the Delaware Court of Chancery for specific performance (i.e., a court mandate that Cerberus complete the deal). Cerberus took the position that the deal agreements capped its liability for walking away from the deal at $100 million. After a two-day trial, Delaware Chancellor William B. Chandler, III ruled for Cerberus in a closely watched decision, allowing it to pay United Rentals the agreed-upon $100 million "reverse termination fee" and terminate the merger agreement.[18]


Notable acquisitions

Pharmaceuticals - In December 2004, the company announced the acquisition of Bayer's plasma products business and renamed it Talecris Biotherapeutics. It purchased Talecris for $83m, and sold the bulk of its shares in October 2009, for a net gain of $1.8bn.[19]

Paper products - The company acquired Stora Enso's paper business for $2.3B in 2005 and renamed it NewPage Corporation. Cerberus also purchased, from Georgia Pacific Corporation, its Distribution Division/Building Products and all of its associated real estate. It renamed this new company BlueLinx Holdings, based in Atlanta.

Government Services (Military, Energy, and Food & Drug) - owns IAP Worldwide Services, which bought Johnson Controls' World Services division in February 2005. Previously owned Multimax (purchased predecessor company in 2000 and Multimax in 2006; sold entire holding in 2007 to Harris Corporation). The company is also completing acquisition of the private military contractor DynCorp International.[20]

Real Estate - Through investment affiliate Cerberus Real Estate, the company has been making direct equity, mezzanine, first mortgage, distressed and special situation investments in all asset types. It also controls Miami Beach-based LNR Property, a large real estate development and investment firm through subsidiary Riley Property. Cerberus also controls Kyo-ya, a Japan based group of entities that owns several Starwood managed assets in California, Hawaii and Florida. In 2010, LNR Property was charged with fraud in a lawsuit regarding the sale and purchase of property known as Newhall Ranch. The Newhall Land and Farming Company was acquired by Lennar Corporation and LNR Property, through a holding company, LandSource Communities Development LLC. Interests in LandSource were sold to CalPERS and others, and the developer later declared bankruptcy. Landsource Creditor Litigation Liquidating Trust has now brought suit in bankruptcy court claiming that the transactions were fraudulent.[21][22]

Retail - Cerberus purchased 655 of the 2,500 Albertson's, Inc., grocery stores, forming Albertsons LLC of Boise, Idaho, in June 2006. They also had an ownership stake in the now-bankrupt Mervyn's department stores, which was acquired from Target Corp. In June 2007, Cerberus acquired Torex Retail Plc., a retail solutions provider in troubled waters, for approximately 400 million US dollars.[23]

Transportation - Acquired bankrupt ANC Rental, then owner of the National and Alamo car rental chains, for $230 million in October 2003 and purchased DaimlerChrysler's 45% share of debis AerFinance, an aircraft leasing business, in May 2005. Complete acquisition of debis AirFinance (later renamed AerCap) was concluded in July 2005. Also acquired North American Bus Industries, Optima Bus Corporation, and Blue Bird Corp. in the bus manufacturing sector.

Automotive - Peguform, GDX Automotive, and Chrysler.

Staffing Services Radia International

Financial Services - General Motors sold a 51% stake in its GMAC finance unit to an investor group led by Cerberus Capital Management in November 2006. GM expected to receive $14 billion over the next three years from the sale of General Motors Acceptance Corp. In December 2006, Cerberus acquired the Austrian bank BAWAG P.S.K. for a reported EUR3.2 billion. In August 2007, Cerberus announced that it was closing one of their mortgage companies, Aegis Mortgage. It owns half of a 9.9 % share (5%) with the Gabriel Group in Bank Leumi, purchased in 2005,[24] but as of April 19, 2009, it was decided to sell in order to boost capital.[25]

Firearms - Acquired Bushmaster Firearms, Inc., from Windham, Maine native Dick Dyke for an undisclosed sum in April 2006, and purchased Remington Arms in April 2007. Under Cerberus direction, Bushmaster Firearms acquired Cobb Manufacturing, a well-respected manufacturer of large-caliber tactical rifles in August 2007. Cerberus also acquired DPMS Panther Arms December 14, 2007.[26][27] Remington Arms acquired Marlin Firearms in January 2008.[28][29] In October 2009, Remington Military products acquired silencer manufacturer Advanced Armament Corporation.[30] These companies were combined into the Freedom Group.

Entertainment - Acquired a group of seven television stations, Four Points Media Group, from CBS Corporation in 2007.[31][32]

Other holdings of the investment group include the Aozora Bank in Japan and cable operator Galaxy Cable.

In 2007 Cerberus took over Corvest a promotional products company based out of Largo, FL with arms based in Simi Vally, Ca & Thorfare, NJ. With this purchase, Cerberus placed over 200 people out of work by closing the New Jersey Toppers & another 100 or so people were put out of work with the closing of the Simi Valley Company.

In 2007 Cerberus sold a holding in Formica, Inc.

In 2010 Cerberus was the lead investor that gained an ownership stake in Panavision as part of a debt restructuring agreement with shareholder MacAndrews & Forbes, the holding company of billionaire Ronald Perelman.[33]

In March 2010, Cerberus agreed to buy New England's largest community-based health-care system Caritas Christi Health Care for $830 million. Caritas Christi will be acquired through newly formed Cerberus affiliate Steward Healthcare System LLC. [34]


Notes
^ "2007 Awards for Excellence — Best Private Equity House: Cerebus". Euromoney Magazine. July 2007.
^ Wayne, Leslie (January 16, 2009). "Inquiry Started of Financier Who Invested With Madoff". The New York Times. Retrieved April 28, 2010.
^ http://google.com/search?q=cache:Mn0ajPzxOYAJ:s.wsj.net/public/resources/documents/st_madoff_victims_20081215.html+madoff+victim+gabriel&hl=en&ct=clnk&cd=4&gl=us
^ a b c http://www.privateequityonline.com/Article.aspx?article=33204&hashID=92AA6C1AA4DD29B3A20AEC6CE854A4023AA19648
^ a b Story, Louise (December 5, 2008). "Chrysler’s friends in high places". The New York Times. Retrieved 2009-05-03.
^ a b Gerstein, Dan (December 10, 2008). "Chrysler's hidden coffers". Forbes. Retrieved 2009-05-03.
^ "Statement by Cerberus Capital Management". Wall Street Journal Blogs. December 19, 2008. Retrieved 2009-05-03.
^ Stoll, John D. (April 21, 2009). "Treasury Pressures Chrysler, Fiat in Meetings". The Wall Street Journal.
^ http://www.autonews.com/article/20090430/ANA08/904309980/1142
^ "Inquiry Started of Financier Who Invested With Madoff", New York Times (January 16, 2009)
^ http://www.thetruthaboutcars.com/gmac-may-file-for-bankruptcy-tomorrow/
^ http://www.zimbio.com/Cerberus+Capital+Management/articles/52/Cerberus+Capital+Management+CHRYSLER+LLC+GMAC
^ http://www.thetruthaboutcars.com/gmac-leasing-debacle-bankruptcy-fears-loom-large/
^ http://nymag.com/news/businessfinance/54703/index7.html
^ "Judge Restrains Merkin Funds In Madoff Suit". The New York Times. January 7, 2009. Retrieved April 28, 2010.
^ Saha-Bubna, Aparajita (May 11, 2009). "GMAC Gap Looks to Be Filled by Big Stake From Government". The Wall Street Journal.
^ Irwin, Neil; Cho, David (May 22, 2009). "As GMAC Gets More Aid, Bailout Becomes One of Nation's Biggest". The Washington Post. Retrieved April 28, 2010.
^ Lattman, Peter (December 21, 2007). "Chancellor Chandler Hands Cerberus a Big Win". The Wall Street Journal.
^ Alternet, 8 January 2010, Cerberus Capital: Literally Blood-Sucking the Poor to Make Their Billions
^ MarketWatch. "DynCorp International Inc. to Be Acquired By Cerberus Capital Management, L.P.". 12 April 2010
^ Church, Steven (3 August 2010). "Cerberus's LNR Real Estate Finance Company Accused of Fraud in Lawsuit". Bloomberg. Retrieved 3 August 2010.
^ Kasler, Dale (3 August 2010). "CalPERS defrauded in $922 million LandSource deal, lawsuit says". Sacramento Bee. Retrieved 3 August 2010.
^ Jonathan Cable and Marc Jones. Reuters. "Cerberus buys troubled Torex for 204 mln stg". 20 June 2007
^ http://www.haaretz.com/hasen/spages/1064448.html
^ "Cerberus, Gabriel to sell stake in Bank Leumi: source". Reuters. April 19, 2009.
^ "DPMS Acquired By Cerberus. Joins Bushmaster and Remington.". AccurateShooter.com Bulletin. December 15, 2007. Retrieved 2008-10-12.
^ "DPMS Acquired By Cerberus Capital Management Affiliate". Shooting Wire. December 14, 2007. Retrieved 2008-10-12.
^ Marlin Firearms (December 26, 2007). "Remington to Acquire Marlin Firearms; Deal positions Marlin and its various brands for growth". Press release. Archived from the original on 2007-12-31.
^ "Form 8-K: Remington Arms Company, Inc.". Security and Exchange Commission. January 28, 2008. Retrieved 2008-10-12. "On January 28, 2008 (the “Marlin Closing Date”), Remington completed its acquisition...."
^ [1] AAC official blog with press release October 5, 2009 entry
^ "CBS sells Austin’s KEYE to private equity firm". Austin American-Statesman. February 7, 2007. Retrieved 2008-10-12. "CBS Corporation (NYSE: CBS, CBS.A) announced today it has entered into a definitive agreement to sell seven of its owned television stations to Cerberus Capital Management, L.P. for $185 million."
^ "Form 8-K: CBS Corporation". Security and Exchange Commission. April 29, 2008. Retrieved 2008-10-12. "On January 10, 2008, the Company completed the sale of seven of its owned television stations in Austin, Salt Lake City, Providence and West Palm Beach to Cerberus Capital Management, L.P. for approximately $185 million."
^ Verrier, Richard. Los Angeles Times. "Creditors set to gain Panavision". 2 March 2010
^ Baumgaertel, Christian. BusinessWeek. "Cerberus to Buy Caritas Christi Health Care for $830 Million". 25 March 2010
References
Kelley, Matt. "The Congressman and the hedge fund." USA Today. 19 January 2006.
Thornton, Emily. "What's Bigger Than Cisco, Coke, Or McDonald's?" Business Week October 2005.
Stringer, Kortney. "Car Rental Companies are sold." Wall Street Journal. 16 October 2003.
"Acquisition of LNR Property Corporation Completed" Business Wire. 3 February 2005.
"Hirsch, Jerry. "Albertsons To Be Sold, Divided Into 3." Los Angeles Times. 24 January 2006.
Bushmaster Continues to Grow with New Owner
"Acquisition of debis AirFinance Completed," press release from AerCap, 4 July 2005.
"Cerberus Takes Over Majority Interest in Chrysler Group for $7.4B," press release from DaimlerChrysler AG.
http://www.ar15.com/forums/topic.html?b=8&f=34&t=300729 ar15.com March 5, 2007
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« Reply #4 on: December 12, 2010, 03:25:57 PM »

Who are the terrorists? Dyncorp - Dan Quayle - Kroll - Leumi - Cerebus
http://forum.prisonplanet.com/index.php?topic=187254.0



WHAT DO ALL OF THESE ENTITIES HAVE IN COMMON?

COUNCIL ON FOREIGN RELATIONS...

DynCorp oversight in Afghanistan faulted
http://civiliancontractors.wordpress.com/2010/02/27/dyncorp-oversight-in-afghanistan-faulted/

Dyncorp buys Kroll!
http://forum.prisonplanet.com/index.php?topic=112712.0

DynCorp is Mixed Up In Vaccines
http://www.the-peoples-forum.com/cgi-bin/readart.cgi?ArtNum=13604

Cerebus to Buy Dyncorp
http://www.defenseindustrydaily.com/Cerebus-to-Buy-Dyncorp-06313/

Snow, Quayle, Feinberg and Merkin: This Is Who Gets Our Bailout Money?
http://www.huffingtonpost.com/dennis-obrien/snow-quayle-feinberg-and_b_156012.html

Cadwalader, Rothschild Advising U.S. on Automaker Restructuring
http://www.bloomberg.com/apps/news?sid=aM4zN4WmWxEc&pid=newsarchive

Cerberus-Gabriel hedge fund buys stake in Leumi Bank
http://www.fundstreet.org/2005/12/cerberusgabriel.html

Benjamin Netanyahu & Ehud Olmert: CFR Members Privatizing Israel's Banks to Cerebus
http://plaintruthmagazine.blogspot.com/2009/07/benjamin-netanyahu-cfr-member.html
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« Reply #5 on: December 12, 2010, 03:37:20 PM »


It's like Dig has all of the facts pre-catagorized on his computer and ready to go at a seconds notice. Nice.

I admit I can't find anything more actually linking Soros' name TO Cerebrus.

However on a side note -- in my searching, Cerberus Capital Management and Soros Capital Management were side by side in practically ever article I read through in addition to both being named in a law suit Dated: New York, New York September 8, 2008 that they violated the RICO Act -- http://www.davidrelkinlaw.com/CM/PressRelease/9.09.08%20dick.cmp.final.pdf


LESLIE DICK WORLDWIDE, LTD. and LESLIE DICK,
Plaintiffs,

-against-

GEORGE SOROS, SOROS FUND MANAGEMENT LLC, SFM MANAGEMENT, LLC, CONSECO, INC., VORNADO REALTY TRUST, GERMAN AMERICAN CAPITAL CORP., DEUTSCHE BANK, AG., EASTDIL SECURED, LLC, HARRY MACKLOWE, FIG, LLC, CERBERUS CAPITAL MANAGEMENT, LP, LAZARD FRERES & CO., LLC, KIRKLAND & ELLIS, LLP, FRIED, FRANK, HARRIS, SHRIVER & JACOBSON LLP, CARMEL FIFTH, LLC, 767 MANAGER, LLC, DONALD J. TRUMP and John Does “1” through “10,”
Defendants.

1. This action seeks to recover damages arising out of and relating to an ongoing, global RICO Enterprise which engaged in predicate acts of a pattern of racketeering and conspiracy to commit RICO, through and by means of Money Laundering, Bankruptcy Fraud, and Bid Rigging.

2. The Money Laundering scheme to control property through acquiring invisible interests in third parties continues to be carried out by defendants and involves a pattern of brazen racketeering predicate acts committed in this district, as well as outside of the United States through shell corporations to avoid detection, which shell entities are then dissolved after the unlawful transactions to conceal their unlawful purposes.

______________________________________________________________________

Then there's this nice little gem from http://wallstcheatsheet.com/tag/george-soros

Steve Feinberg’s secretive Egyptian mansion

$32.2 million home value
[sale price adjusted with NYC index plus, lets say, $10 million for renovations]
CEO of Cerberus Capital Management

The notoriously secretive founder of Cerberus Capital Management’s said this at a shareholder meeting: “We try to hide religiously. If anyone at Cerberus has his picture in the paper and a picture of his apartment, we will do more than fire that person. We will kill him. The jail sentence will be worth it.

Well, we found him… Feinberg bought the former Egyptian mission to the U.N. in 2003 for $19.75 million. It includes a movie theater, sauna, and roof garden. He has attracted plenty of tabloid attention for blowing over $15 million on bungled renovations.

Note: Home values are an estimate based on various sources
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« Reply #6 on: December 12, 2010, 03:45:49 PM »

Quote
Cerberus
From Wikipedia, the free encyclopedia
This article is about the mythical dog. For other uses, see Cerberus (disambiguation).

Cerberus (pronounced /ˈsɜrbᵊrəs/),[1] or Kerberos, (Greek form: Κέρβερος, [ˈkerberos])[2] in Greek and Roman mythology, is a multi-headed hound (usually three-headed)[1][3][4] which guards the gates of Hades, to prevent those who have crossed the river Styx from ever escaping. Cerberus featured in many works of ancient Greek and Roman literature and in works of both ancient and modern art and architecture, although, the depiction and background surrounding Cerberus often differed across various works by different authors of the era. The most notable difference is the number of its heads: Most sources describe or depict three heads; others show it with two or even just one; a smaller number of sources show a variable number, sometimes as many as 50.

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« Reply #7 on: December 14, 2010, 06:52:37 AM »

Out of the doghouse?
After a few conspicuous flops, a private-equity firm gets back to its roots
Cerberus Jul 29th 2010 | NEW YORK
http://www.economist.com/node/16702039?story_id=16702039

“PEOPLE were prematurely writing the epitaph of our investments and our firm,” says Mark Neporent of Cerberus, a private-equity firm and hedge fund. “Hopefully it’s pretty apparent to people that we’re back.” The firm, named after the three-headed dog in Greek mythology that guards the gates of the underworld, has spent the past two years trying to claw its way out of hell. Two of its largest and best known investments tanked. Chrysler, a carmaker, filed for bankruptcy and GMAC, General Motors’ financing arm, had to be rescued by the American government, which now owns most of it. For Cerberus, an intensely private firm, these were very public embarrassments.

Some wondered whether the embattled firm would go the way of those two investments. But Cerberus’s flagship private-equity fund rebounded last year, making up for its 25% fall in 2008. (Its main hedge fund was still down by around 4% in 2009.) Its recent sale of Talecris Biotherapeutics, a blood-plasma company it bought in 2005 for $600m, to a Spanish health-care company for $3.4 billion has added to a sense of revival. Nor has the firm given up hope on Chrysler. Cerberus still has control of Chrysler Financial, the company’s finance arm, and there is talk of turning it into a diversified financial firm. Some say Cerberus may be able to recoup its money or even record a profit on its $7.4 billion investment in Chrysler if it plays its card right on Chrysler Financial.

Cerberus will still be a different animal in future, however. Steve Feinberg, its notoriously reclusive boss, co-founded the firm in 1992 as a hedge fund that traded distressed debt. Only later did it begin to buy distressed companies, gradually growing into one of the world’s largest private-equity firms with $23 billion under management. As its investments in GMAC and Chrysler faltered, however, the firm started to go back to its roots. In late 2008 it saw an opportunity to profit from mortgage-backed securities, hiring around 30 people to focus on that. Insiders say that over the past two years the firm has paid more attention to its credit and distressed-debt businesses than buy-outs. Last year it raised a $1 billion distressed-debt fund.

The public scrutiny and press coverage the firm has received over the past few years has also changed the size of the buy-out deals it will consider. Like other private-equity firms, the firm has little choice right now but to focus on buying middle-market companies. But whereas some private-equity firms may eventually go back to the high-profile “mega-deals” of the boom days, Cerberus is unlikely to do so. “We despise all the public attention we are getting,” the firm wrote in a letter to investors in January 2008. As Cerberus has learned to its cost, it is hard to stay out of the spotlight with buy-outs of iconic companies.

Despite its painful brush with the American government, which injected $31 billion of aid into Chrysler and GMAC, Cerberus is looking in that direction for growth. In March it bought Caritas Christi Health Care, a chain of non-profit hospitals, for $830m, anticipating that health-care reform would drive demand for services for the sick. And in April Cerberus bought DynCorp, a defence contractor, for $1.5 billion. Cerberus already counts several ex-government officials in its ranks: John Snow, a former treasury secretary, is chairman, and Dan Quayle, a former vice-president, heads its international arm. “We’re making a bet that government is going to increasingly rely on the private sector to fulfil more of its functions,” says Mr Neporent.

Whether investors can be persuaded to put money their way depends on more than the clarity of Cerberus’s strategy, however. Faced with a flood of redemption requests in 2008 by investors who needed liquidity or simply wanted out, Cerberus suspended withdrawals. Last year it gave investors the option of putting their money in a new fund with lower fees or withdrawing their money with the caveat that the process could take years. Some investors are fed up with the firm’s culture of secrecy and say they want more disclosure. “The two things investors want from hedge funds now are transparency and liquidity,” says one investor. Cerberus, he says, “fails on both.” The firm is currently raising another fund; it has to show that such criticisms are toothless before it can truly claim to be back.
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« Reply #8 on: December 14, 2010, 07:21:53 AM »


Cerberus-Gabriel group exec blasts local interests in Leumi deal
Mark Neporent: Certain big borrowers are uncomfortable with us controlling Bank Leumi

http://english.themarker.com/economy-finance/cerberus-gabriel-group-exec-blasts-local-interests-in-leumi-deal-1.220844
By Ram Dagan
May 5, 2007

A week before the option on buying Bank Leumi expires, and mere hours before the decisive meeting with the minister who has the power to extend that option -  Mark Neporent, chief operating officer of Cerberus Capital Management, is taking the offensive.

In an exclusive interview with TheMarker he points an accusing finger at local businessmen who borrow from the bank. "It's clear that certain businessmen are uncomfortable with us controlling Bank Leumi," he states emphatically. "No one is controlling the bank today, and this serves their interests, so they want to make the tender fail."
 
This morning Neporent meets with Minister Rafi Eitan, whose portfolio may be geriatric affairs but whom Prime Minister Ehud Olmert tapped to handle Bank Leumi's privatization. His is the decision over extending the option.

========================== pause for explanation =======================

Note that Rafi Eitan, 'former' Mossad agent, brought the Promis software to Israel, and was 'appointed' by the puppet Olmert to 'handle' the privatization of Bank Leumi.

PROMIS fosters and guards secret weapons research.
http://forum.prisonplanet.com/index.php?topic=142259.0
...The Promis-managed data could be anything from financial records of banking institutions to compilations of various records used to track the movement of terrorists. That made the program a natural for Israel which, according to Hamilton and many other sources, was one of the first countries to acquire the bootlegged software from Meese and Company. As voluminously described by Inslaw attorney, the late Elliot Richardson, the Israeli Mossad under the direction of Rafi Eitan, allegedly modified the software yet again and sold it throughout the Middle East. It was Eitan, the legendary Mossad captor of Adolph Eichmann, according to Hamilton, who had masqueraded as an Israeli prosecutor to enter Inslaw’s DC offices years earlier and obtain a first hand demonstration of what the Promis could do.

    Bank Leumi (Hebrew: בנק לאומי‎, lit. National Bank) is an Israeli bank. It was founded in London as the Anglo Palestine Company on February 27, 1902 by members of the Zionist movement to promote the industry, construction, agriculture, and infrastructure of Palestine.
    ...
    Today, Bank Leumi is Israel's leading commercial bank, with $85 billion in assets and a presence in USA, Switzerland, UK and 18 other countries (as of 2008). Bank Leumi is mainly in private hands, with the government as the largest single shareholder, with 14.8% of the stock (as of June 2006).
http://en.wikipedia.org/wiki/Bank_Leumi[/list]

========================== back to the article =======================

Without Eitan's approval, Cerberus-Gabriel, which won the tender to buy a 20% controlling interest in the bank in 2005, won't be able to seal the deal.

Cerberus-Gabriel received permission to buy 9.99% outright; the other 10.01% remains contingent on various regulatory approvals. There the problem lies - it can't get the approvals it needs in time.

During the interview, held in a close, suffocating room crammed with local consultants, Neporent almost loses his Anglo-Saxon politeness while trying to explain, a week before Leumi slips through his fingers, the frustration he feels in response to the difficulty in gaining the approval needed to take control.

"This is not the first time we are acquiring a bank. We have financial holdings in 40 countries. The U.S., Germany, Austria, Japan, Slovakia, Slovenia, Malta, the Czech Republic, and the list goes on. We have a banking license in each of these countries. In none of the countries did we encounter a problem like this obtaining a license."

Why did you abandon the media arena?

"If you search for information about us on the internet, you'll find very little. We prefer to remain confidential. It's the way we do business. The way we were portrayed in the media is very disappointing. There were leaks the whole time, which came from regulators who don't want to see us taking control of the bank."

Who exactly do you mean?

"There was one regulator who was very vocal on the matter of Leumi, and he made it clear he is interested in seeing the bank sold through the stock market."

You mean Accountant General Yaron Zelekha?

"I don't understand why those above him allow him to continue expressing his objection to the tender. Well, the government decided this is how it wants to sell control of the bank. If I had a worker speaking out against my decisions, he would have been out of there a while ago."

So you are essentially fighting the regulators?

"We are not fighting regulators, and of course not through the media."

Israel has already successfully privatized banks. Could it be that there are businessmen working against you?

"It's clear some local business people do not want us to enter the bank, and they're comfortable with it not being controlled by anybody. The bank's current situation serves their interests."

Who do you mean?

"I don't want to single out anybody, and from my angle these people are not related to the matter. We have a deal with the government of Israel, and not with them. I expect them to honor our contractual rights."
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"He that would make his own liberty secure must guard even his enemy from oppression; for if he violates this duty he establishes a precedent that will reach to himself."

~ Thomas Paine, A Dissertation on the First Principles of Government, 1795
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« Reply #9 on: December 14, 2010, 07:57:40 AM »

Mark A. Neporent
http://www.nndb.com/people/265/000174740/

Born: c. 1957
Gender: Male
Race or Ethnicity: White
Occupation: Attorney
Party Affiliation: Republican

Nationality: United States
Executive summary: COO of Cerberus Capital Management

    University: BA, Lehigh University (1979)
    Law School: JD, Syracuse University (1982)

    Cerberus Capital Management COO, General Counsel, Senior Managing Director
    Cerberus Capital Management (1998-)
    Schulte Roth & Zabel Partner, Business Reorganization and Finance Group (-1998)
    Otterbourg, Steindler, and Houston & Rosen Associate, Creditors Rights Dept.
    Member of the Board of AMC Financial Holdings, Inc. (1999-)
    Member of the Board of Exco Holdings
    Member of the Board of GMAC (2006-)
    Member of the Board of MCI (2004-06)
    Association of Bankruptcy Professionals Trustee (1990-96)
    Association of the Bar of the City of New York
    Connecticut Bar Association 1982
    Defend America PAC
    Forward Together PAC
    Friends of George Allen
    New York State Bar Association 1983
    Romney for President (100% proof that Mitt Romney is owned.)
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"He that would make his own liberty secure must guard even his enemy from oppression; for if he violates this duty he establishes a precedent that will reach to himself."

~ Thomas Paine, A Dissertation on the First Principles of Government, 1795
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« Reply #10 on: December 14, 2010, 08:30:18 AM »

It's like Dig has all of the facts pre-catagorized on his computer and ready to go at a seconds notice. Nice.

I admit I can't find anything more actually linking Soros' name TO Cerebrus.

However on a side note -- in my searching, Cerberus Capital Management and Soros Capital Management were side by side in practically ever article I read ...



Same results when I search... but always appearing together. Hedge funds with murky lines of division.

More convergence: Hedge funds, private equity blur lines; In an effort to increase returns, managers invading each other's turf as inflows rise.

Byline: Christine Williamson and Arleen Jacobius
Article from:Pensions & Investments Article date:September 6, 2004
http://www.highbeam.com/doc/1G1-121823637.html

Hedge fund and private equity managers are trolling in each other's waters in search of higher returns, but investors worry about the risk of overfishing.

Among the concerns:

* Hedge fund managers, trying to put to work massive infusions of capital, could bid up prices for private equity deals, diminishing returns for other private equity investors.

* Hedge fund and hedge fund-of-funds managers might experience liquidity problems from their private-equity investments, given their long lockup periods.

* Managers that combine both private equities and hedging strategies in the same fund could encounter huge performance measurement head- aches. They also could face a liquidity crunch if investors demand large distributions.

Convergence between hedge fund and private equity managers isn't new: Companies like Blackstone Group, Caxton Associates LLC, Soros Fund Management LLC, Cerberus Capital Group LP, Oak Tree Capital Management LLC and Blum Capital Partners LP have been blurring the lines for some years.

What's new, however, is that huge increases in cash flows to hedge funds - an estimated $82 billion for the first six months of this year alone - have forced hedge fund managers to look further afield for investments.
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"He that would make his own liberty secure must guard even his enemy from oppression; for if he violates this duty he establishes a precedent that will reach to himself."

~ Thomas Paine, A Dissertation on the First Principles of Government, 1795
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« Reply #11 on: December 14, 2010, 11:45:20 AM »

Mark A. Neporent
http://www.nndb.com/people/265/000174740/

Born: c. 1957
Gender: Male
Race or Ethnicity: White
Occupation: Attorney
Party Affiliation: Republican

Nationality: United States
Executive summary: COO of Cerberus Capital Management

    University: BA, Lehigh University (1979)
    Law School: JD, Syracuse University (1982)

    Cerberus Capital Management COO, General Counsel, Senior Managing Director
    Cerberus Capital Management (1998-)
    Schulte Roth & Zabel Partner, Business Reorganization and Finance Group (-1998)
    Otterbourg, Steindler, and Houston & Rosen Associate, Creditors Rights Dept.
    Member of the Board of AMC Financial Holdings, Inc. (1999-)
    Member of the Board of Exco Holdings
    Member of the Board of GMAC (2006-)
    Member of the Board of MCI (2004-06)
    Association of Bankruptcy Professionals Trustee (1990-96)
    Association of the Bar of the City of New York
    Connecticut Bar Association 1982
    Defend America PAC
    Forward Together PAC
    Friends of George Allen
    New York State Bar Association 1983
    Romney for President (100% proof that Mitt Romney is owned.)

Romney is the Neocon's GREAT WHITE HOPE for 2012.

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« Reply #12 on: December 14, 2010, 02:16:58 PM »

Where is the Soros connection?

not soros  it is JP Morgan.

JP Morgan has been busy lately in the metals market.  On Sunday it was discovered that they were the mystery buyer of over one billion pounds (monetary) of copper on the London Metals Exchange (LME).  This purchase represents over 50% of the total amount of copper stored in London, and is a direct threat to cornering the local market for this commodity.

http://www.examiner.com/finance-examiner-in-national/as-jp-morgan-shorts-silver-they-suddenly-go-long-on-copper
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« Reply #13 on: December 14, 2010, 04:01:45 PM »


While Soros may not be directly behind this, his name is what got me looking into the matter.

It's not just me that sees the danger of the vast majority of arms, ammunition, and potentially all gun powder manufacterers being under the control of the same corporation and/or hedgefund(s) who clearly rub shoulders with Soros, is it?  And Nailer is saying that JP Morgan may have a hand in this too?

Soros or not, that's a pretty scary thought I think.

If and when the Federal Government finally mandates microchips in all slugs, micro stamps on all casings when ejected, and primers that expire and become non-operational within a given amount of time, if all the manufacterers are under the control of one corporation and that corporation doesn't stand up to the government and say no, then who is left?

And it's already in the works, it's been in the works, right underneath everybody's nose.
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