Up Close with Lee Kuan Yew: Insights from colleagues and friends

John Harding’s book, Escape from Paradise – Paperback and Kindle Versions


Click!

Now, available in Kindle and Paperback! Free Kindle if you purchase Paperback. After buying Paperback, go for the free Kindle!

It took me two and a half evenings to complete your un-put-downable book…it is a unique contribution to the appreciation of a life in Singapore. Thank you for having written it. C. V. Devan Nair, former President of Singapore.

Bought the book from Select this weekend and can’t put it down! It’s a great read! And so nostalgic for me—the good old days! Glen Goei, writer and director of the Miramax film That’s the Way I Like It and who played the title role opposite Anthony Hopkins in the London production of M. Butterfly. Mr. Goei’s latest film is The Blue Mansion – Click for the trailer!

It is a remarkable story and so full of intrigue that it reads at times like fiction.Jonathan Burnham, Editor in Chief & President, Talk Miramax Books.

“It’s quite a story The legendary Alice Mayhew, Vice-President & Editorial Director, Simon & Schuster.

This book out-Dallas, Dallas. No one has written so well of the other side of paradise,Francis T. Seow, former Solicitor General of Singapore

ThunderBall Films is successfully putting together the movie production of Escape from Paradise and has received a new LOI (Letter of Intent) from actress Bai Ling who starred with Richard Gere in the film Red Cross.

This includes a commitment from a CPA firm who does tax credit financing in Ireland, a possible location to film, as part of the package needed for investors – along with the CPA firm’s commitment to apply for and finance the tax credits if ThunderBall does shoot in Ireland and what portion of the budget they would provide.
For inquiries, please contact John Harding at jbharding@gmail.com.

Escape from Paradise – the Promotional Trailer

Geithner’s gift of your money to MatlinPatterson and Lap Wai Chan

News flash – Related article removed from the Internet

Noted financial columnist Ambrose Evans-Pritchard’s article on the same subject, printed in England by the The Daily Telegraph and published on their website on May 14th has been removed. Our article on the topic goes well beyond that of Mr. Evans-Pritchard, as he does not mention Lap Wai Chan, a fugitive from Brazil.

Mark Patterson of MatlinPatterson maintains that he was misquoted in by Mr. Evans Pritchard. Even if Mr. Patterson was misquoted, which we doubt, the facts in our post below are evem more damning. This censorship is an example that the media is not in favor of Getting at The Truth. To protect ourselves from the guilty, you will find several “allegedlys”  inserted below.

US bailout money for a hedge fund?

Tim Geithner

Tim Geithner

MatlinPatterson is not really what one would consider to be a bank. It defines itself as a “globally distressed private equity fund.” In other words, MatlinPatterson is a hedge fund.

Still, even as a hedge fund, it received a huge amount of US bailout TARP money from Tim Geithner, the US Treasury Secretary.

To make things worse, MatlinPatterson employs alleged fugitive Lap Wai Chan, said to be a Chinese national, with Brazilian and US passports.

Geithner’s TARP gift enabled Lap Wai Chan’s hedge fund to purchase Flagstar Bancorp in Michigan, which has assets in excess of $16 billion, approximately 180 banking centers, and 100 loan offices in 27 states.

Lap Wai Chan’s MatlinPatterson now owns 80% of the shares and the US government less than 10%, even though Geithner put up 40% of the money for the purchase!

Isn’t TARP money to be used to cover toxic assets, and not to purchase more assets?

“The taxpayers ought to know that we are in effect receiving a subsidy. They put in 40% of the money but get little of the equity upside,” allegedly confessed Mark Patterson, of MatlinPatterson.

This confession incriminates Geithner, and validates that the bail-out strategy is geared towards Wall Street. Geithner, and his friends, represent a new American social class – those who are in a position to profit from America’s tax dollars, and growing national debt. The Obama administration has done nothing to change this.

Who is Lap Wai Chan?

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Lap Wai Chan

Lap Wai Chan engineered MatlinPatterson’s purchase of Varig and Variglog, Brazil’s national airlines. Brazil ordered his arrest and the seizure of his passport for his attempting to transfer $86 million of the airlines’ funds to a MatlinPatterson Swiss bank account.

According to Brazil’s press, “Mafia-like” Lap Wai Chan fled his home in São Paulo, Brazil for his posh Manhattan Lenox Hill town house at 171 E 64th Street. His dealings in Brazil have been termed, “Brazil’s Watergate.”

Gaithner feathers his nest

If Geithner doesn’t become a billionaire after he leaves the US Treasury, we should all be surprised. There must be plenty of lucrative “payback” jobs waiting for him in Wall Street.


3 comments to Geithner’s gift of your money to MatlinPatterson and Lap Wai Chan

  • May 17, 2009 Edition…

    Welcome to the May 17, 2009 edition of Corporate Vigilance presenting an array of opinions, instruction, and helpful information as it relates to business and personal finance….

  • K Bond

    Question? Why is Matlinpatterson dumping huge amounts of HUN stock?

    • admin

      MatlinPatterson sold even more of Huntsman (HUN) in 2005 at $23. HUN went down to about $2 in March, and has since risen to $9. So why sell?

      MatlinPatterson probably realizes what a lot of people don’t realize – the recent market rise was a huge “dead cat bounce,” based on false euphoria that the Depression is over. It isn’t, and things are going to get a lot worse.

      The U.S. consumer purchase account for 70% of the U.S. economy. With 500,000+ people being laid off every month, how can things get better? They can’t.