Friday, May 9, 2014

Did the Kappa Beta Phi Manipulate the Bailout & Stock Market? You Decide




Kappa Beta Phi
Kappa Beta Phi is a secret society, best known for its Wall Street Chapter that is made up of high-ranking financial executives.

The purpose of the organization is largely social and honorific. The current honor society meets once a year at a black-tie dinner to induct new members. The current President is Alfred E. Smith IV.

History
Chapters of Kappa Beta Phi were known to exist as early as 1912. By the 1930s, dozens of chapters were in existence, primarily on college campuses. The society was known for being made up of men with a sense of humor. Many colleges and traditional fraternities fought to abolish Kappa Beta Phi, as it was often characterized as a fraternity solely for drinking and partying while making a mockery of academics and more reputable organizations such as Phi Beta Kappa. The Wall Street Chapter of Kappa Beta Phi was founded in 1929 prior to the stock market crash, and it is the only remaining chapter of the society. The stated purpose of the Wall Street Chapter is to "keep alive the spirit of the 'good old days of 1928–29.

Kappa Beta Phi
Alfred E. Smith IV is a member of Kappa Beta Phi, and a director at the Alfred E. Smith Memorial Foundation.
Stephen M. Lessing is a member of Kappa Beta Phi, and a director at the Alfred E. Smith Memorial Foundation.
Christopher C. Quick is a member of Kappa Beta Phi, and a director at the Alfred E. Smith Memorial Foundation.
Peter C. Georgiopoulos is a member of Kappa Beta Phi, and a director at the Alfred E. Smith Memorial Foundation.
Thomas M. Joyce is a member of Kappa Beta Phi, and a director at the Alfred E. Smith Memorial Foundation.
John E. Zuccotti is a director at the Alfred E. Smith Memorial Foundation, and a co-chairman for the Brookfield Office Properties.
Brookfield Office Properties is the owner of Zuccotti Park.
Zuccotti Park is the staging area for 2011 NYC protests for Occupy Wall Street.
Diana L. Taylor was a director at Brookfield Office Properties, an investment banker at Donaldson, Lufkin & Jenrette, Michael R. Bloomberg’s companion, and a member of Kappa Beta Phi.
Lawrence G. Creel is a member of Kappa Beta Phi, and was a VP for Donaldson, Lufkin & Jenrette.
Theodore P. Shen is a member of Kappa Beta Phi, and was a group chairman for Donaldson, Lufkin & Jenrette.
Craig S. Sim is a member of Kappa Beta Phi, and was a managing director for Donaldson, Lufkin & Jenrette.
Richard S. Pechter is a member of Kappa Beta Phi, and was the group chairman for Donaldson, Lufkin & Jenrette.
John K. Castle is a member of Kappa Beta Phi, and was the president & CEO for Donaldson, Lufkin & Jenrette.
Peter T. Grauer is a member of Kappa Beta Phi, the chairman for Bloomberg LP, and was a managing director at Donaldson, Lufkin & Jenrette.
Joe L. Roby is a member of Kappa Beta Phi, was the president & CEO for Donaldson, Lufkin & Jenrette, and the chairman emeritus for Credit Suisse First Boston.
Donaldson, Lufkin & Jenrette acquired Credit Suisse First Boston.
Credit Suisse First Boston is the former name of the Credit Suisse Group (Bailout Company).
Michael R. Bloomberg is Diana L. Taylor’s companion, the founder of Bloomberg LP, a member of Kappa Beta Phi, and was a general partner at Salomon Brothers.
Lewis S. Ranieri is a member of Kappa Beta Phi, and was the vice chairman for vice chairman for Salomon Brothers.
Thomas W. Strauss is a member of Kappa Beta Phi, and was the president & vice chairman for Salomon Brothers.
Sallie L. Krawcheck is a member of Kappa Beta Phi, and was a research analyst for Salomon Brothers.
Salomon Brothers is a subsidiary of Citigroup Inc. (Bailout Company).
Raymond J. McGuire is a member of Kappa Beta Phi, and the head of global investment banking for Citigroup Inc. (Bailout Company).
Vikram S. Pandit is a member of Kappa Beta Phi, and was the CEO for Citigroup Inc. (Bailout Company).
Sallie L. Krawcheck is a member of Kappa Beta Phi, and was the chair & CEO of global wealth management for Citigroup Inc. (Bailout Company).
Diana L. Taylor is a member of Kappa Beta Phi, and a director at Citigroup Inc. (Bailout Company).
Robert E. Rubin is a member of Kappa Beta Phi, and was a director at Citigroup Inc. (Bailout Company).
Todd S. Thomson is a member of Kappa Beta Phi, and was the chairman & CEO of global wealth management for Citigroup Inc. (Bailout Company).
Michael A. Carpenter is a member of Kappa Beta Phi, and the CEO for Ally Financial Inc. (Bailout Company).
Louis V. Gerstner Jr. is a member of Kappa Beta Phi, and was the president of the American Express Company (Bailout Company).
Howard L. Clark Jr. is a member of Kappa Beta Phi, and was the EVP & CFO for the American Express Company (Bailout Company).
Robert H. Benmosche is a member of Kappa Beta Phi, and the president & CEO for the American International Group, Inc. (Bailout Company).
Christopher C. Quick is a member of Kappa Beta Phi, and was the vice chairman, CEO for Banc of America Specialist.
Banc of America Specialist is a subsidiary of the Bank of America Corp. (Bailout Company).
Sallie L. Krawcheck is a member of Kappa Beta Phi, and was the head of global wealth & investment management for the Bank of America Corp. (Bailout Company).
Doris P. Meister is a member of Kappa Beta Phi, and the president, U.S. markets for the Bank of New York Mellon Corporation (Bailout Company).
Barbara Moakler Byrne is a member of Kappa Beta Phi, and the vice chairman for Barclays Capital (Bailout Company).
Howard L. Clark Jr. is a member of Kappa Beta Phi, and was the vice chairman for Barclays Capital (Bailout Company).
Stephen M. Lessing is a member of Kappa Beta Phi, and a managing director at Barclays Capital (Bailout Company).
Paul G. Parker is a member of Kappa Beta Phi, and the head of global acquisitions for Barclays Capital (Bailout Company).
James E. Cayne is a member of Kappa Beta Phi, and was the chairman for the Bear Stearns Companies Inc. (Bailout Company).
Alphonse Fletcher Jr. is a member of Kappa Beta Phi, and was the VP for the Bear Stearns Companies Inc. (Bailout Company).
Thomas M. Flexner is a member of Kappa Beta Phi, and was the vice chairman for the Bear Stearns Companies Inc. (Bailout Company).
Alan C. Greenberg is a member of Kappa Beta Phi, and was the chairman for the Bear Stearns Companies Inc. (Bailout Company).
Bruce Lisman is a member of Kappa Beta Phi, and was the head of global equities for the Bear Stearns Companies Inc. (Bailout Company).
E. John Rosenwald Jr. is a member of Kappa Beta Phi, and was the vice chairman for the Bear Stearns Companies Inc. (Bailout Company).
Alan D. Schwartz is a member of Kappa Beta Phi, and was the CEO for the Bear Stearns Companies Inc. (Bailout Company).
John C. Sites Jr. is a member of Kappa Beta Phi, and was the EVP for the Bear Stearns Companies Inc. (Bailout Company).
Warren Spector is a member of Kappa Beta Phi, and was the president & co-COO for the Bear Stearns Companies Inc. (Bailout Company).
Michael A. Carpenter is a member of Kappa Beta Phi, and was a director at the CIT Group Inc. (Bailout Company).
Robert M. Devlin is a member of Kappa Beta Phi, and was a director at the Discover Financial Services (Bailout Company).
Richard H. Jenrette is a member of Kappa Beta Phi, and was the chairman & CEO for the Donaldson, Lufkin & Jenrette.
Peter T. Grauer is a member of Kappa Beta Phi, and was a managing director at Donaldson, Lufkin & Jenrette.
Lawrence G. Creel is a member of Kappa Beta Phi, and was a VP for Donaldson, Lufkin & Jenrette.
John K. Castle is a member of Kappa Beta Phi, and was the president & CEO for Donaldson, Lufkin & Jenrette.
Donaldson, Lufkin & Jenrette acquired Credit Suisse First Boston.
Credit Suisse First Boston is the former name of the Credit Suisse Group (Bailout Company).
Richard E. Thornburgh was the vice chairman for the Credit Suisse First Boston, is a director at the Credit Suisse Group (Bailout Company), and a member of Kappa Beta Phi.
John J. Mack was the president & CEO for Credit Suisse First Boston, the co-CEO for the Credit Suisse Group, and is a member of Kappa Beta Phi.
George R. Hornig is a member of Kappa Beta Phi, and the managing director & COO of asset management Americas for the Credit Suisse Group (Bailout Company).
Robert H. Benmosche is a member of Kappa Beta Phi, and was a director at the Credit Suisse Group (Bailout Company).
Jeffrey H. Bunzel is a member of Kappa Beta Phi, and a managing director, equity capital markets at the Credit Suisse Group (Bailout Company).
Pamela Thomas-Graham is a member of Kappa Beta Phi, and the chief talent, branding & communications officer for the Credit Suisse Group (Bailout Company).
Michael A. Carpenter is a member of Kappa Beta Phi, and was the CEO for the GMAC Financial Services.
Franklin W. Hobbs IV is a member of Kappa Beta Phi, and was a director at the GMAC Financial Services.
GMAC Financial Services is a subsidiary of General Motors (Bailout Company).
General Motors was the filer for the General Motors bankruptcy (2009).
Boston Consulting Group was the federal task force advisers for the General Motors bankruptcy (2009).
Ralph H. Isham was a consultant for the Boston Consulting Group, and is a member of Kappa Beta Phi.
Paul G. Parker is a member of Kappa Beta Phi, and was the head of global mergers for Lehman Brothers Inc.
Diana L. Taylor is a member of Kappa Beta Phi, and was an investment banker for Lehman Brothers Inc.
Emil W. Henry Jr. is a member of Kappa Beta Phi, and the global head, infrastructure private equity for Lehman Brothers Inc.
Andrew J. Malik is a member of Kappa Beta Phi, was a managing director at Lehman Brothers Inc., and a managing director for Lehman Brothers Holdings Inc.
Lehman Brothers Holdings Inc. was a subsidiary of Lehman Brothers Inc.
J. Tomilson Hill is a member of Kappa Beta Phi, was the co-CEO for Lehman Brothers Holdings Inc.
Stephen M. Lessing is a member of Kappa Beta Phi, and was the head of client relationship management for Lehman Brothers Holdings Inc.
Richard S. Fuld Jr. is a member of Kappa Beta Phi, and was the chairman & CEO for Lehman Brothers Holdings Inc.
Howard L. Clark Jr. is a member of Kappa Beta Phi, and was the vice chairman for Lehman Brothers Holdings Inc.
Lehman Brothers Holdings Inc. was the clearing bank for JPMorgan Chase & Co. (Bailout Company).
Geoffrey T. Boisi is a member of Kappa Beta Phi, and was the vice chairman for JPMorgan Chase & Co. (Bailout Company).
James B. Lee Jr. is a member of Kappa Beta Phi, and the vice chairman for JPMorgan Chase & Co. (Bailout Company).
E. John Rosenwald Jr. is a member of Kappa Beta Phi, and was the vice chairman for JPMorgan Chase & Co. (Bailout Company).
Rosemary T. Berkery is a member of Kappa Beta Phi, and the vice chair for UBS Americas.
UBS Americas is a division of UBS AG (Bailout Company).
Michael R. Bloomberg is a member of Kappa Beta Phi, Diana L. Taylor’s companion, and was a general partner at Salomon Brothers.
Gedale B. Horowitz is a member of Kappa Beta Phi, and was a general partner at Salomon Brothers.
Salomon Brothers is a subsidiary of Citigroup Inc. (Bailout Company).
Sallie L. Krawcheck was a research analyst for Salomon Brothers, a chair & CEO of global wealth management for Citigroup Inc. (Bailout Company), the chairman & CEO for Smith Barney, and is a member of Kappa Beta Phi.
Smith Barney merged with Morgan Stanley Smith Barney.
Diana L. Taylor was an investment banker for Smith Barney, is Michael R. Bloomberg’s companion, a member of Kappa Beta Phi, and a director at the Citigroup Inc. (Bailout Company).
Morgan Stanley Smith Barney merged with Morgan Stanley (Bailout Company).
Gregory J. Fleming is a member of Kappa Beta Phi, the president of Morgan Stanley Smith Barney, and was the head of investment management for Morgan Stanley (Bailout Company).
John J. Mack is a member of Kappa Beta Phi, and was the chairman & CEO for Morgan Stanley (Bailout Company).
Raymond J. McGuire is a member of Kappa Beta Phi, and was a managing director at Morgan Stanley (Bailout Company).
Thomas A. Saunders III is a member of Kappa Beta Phi, and was a managing director at Morgan Stanley (Bailout Company).
Richard B. Fisher was a member of Kappa Beta Phi, and the chairman for Morgan Stanley (Bailout Company).
Peter S. Kraus is a member of Kappa Beta Phi, and was the division co-COO for the Goldman Sachs Group Inc. (Bailout Company).
Geoffrey T. Boisi is a member of Kappa Beta Phi, and was a general partner at Goldman Sachs Group Inc. (Bailout Company).
Jon S. Corzine is a member of Kappa Beta Phi, and was the chairman & CEO for the Goldman Sachs Group Inc. (Bailout Company).
Eric S. Dobkin is a member of Kappa Beta Phi, and an advisory director for the Goldman Sachs Group Inc. (Bailout Company).
Donald R. Mullen Jr. is a member of Kappa Beta Phi, and a managing director at the Goldman Sachs Group Inc. (Bailout Company).
Michael E. Novogratz is a member of Kappa Beta Phi, and was a partner at the Goldman Sachs Group Inc. (Bailout Company).
Robert E. Rubin is a member of Kappa Beta Phi, and was a co-chairman & co-senior partner for the Goldman Sachs Group Inc. (Bailout Company).
Esta Stecher is a member of Kappa Beta Phi, and the CEO, Goldman Sachs Bank USA for the Goldman Sachs Group Inc. (Bailout Company).
John C. Whitehead is a member of Kappa Beta Phi, and was a co-chairman & co-senior partner for the Goldman Sachs Group Inc. (Bailout Company).
Kendrick R. Wilson III is a member of Kappa Beta Phi, and was a managing partner at the Goldman Sachs Group Inc. (Bailout Company).
John C. Sites Jr. is a member of Kappa Beta Phi, and was a director at Fannie Mae (Bailout Company).
Diana L. Taylor is a member of Kappa Beta Phi, and was a director at Fannie Mae (Bailout Company).
Donald B. Marron is a member of Kappa Beta Phi, and was a director at Fannie Mae (Bailout Company).
Jerome P. Kenney is a member of Kappa Beta Phi, and was a director at Freddie Mac (Bailout Company).
Geoffrey T. Boisi is a member of Kappa Beta Phi, and was a director at Freddie Mac (Bailout Company).
Richard F. Syron is a member of Kappa Beta Phi, and was the chairman & CEO for Freddie Mac (Bailout Company).
Christopher M. Condron is a member of Kappa Beta Phi, and was the president & COO for the Mellon Financial Corporation.
Mellon Financial Corporation merged into the Bank of New York Mellon Corporation (Bailout Company).
Gregory J. Fleming is a member of Kappa Beta Phi, and was the president & COO for Merrill Lynch & Co., Inc. (Bailout Company).
Joseph J. Grano Jr. is a member of Kappa Beta Phi, and was the director of national sales for Merrill Lynch & Co., Inc. (Bailout Company).
Jerome P. Kenney is a member of Kappa Beta Phi, and was the vice chairman for Merrill Lynch & Co., Inc. (Bailout Company).
Peter S. Kraus is a member of Kappa Beta Phi, and was the EVP for Merrill Lynch & Co., Inc. (Bailout Company).
Robert J. McCann is a member of Kappa Beta Phi, and was the vice chairman for Merrill Lynch & Co., Inc. (Bailout Company).
Raymond J. McGuire is a member of Kappa Beta Phi, and was a managing director at Merrill Lynch & Co., Inc. (Bailout Company).
Doris P. Meister is a member of Kappa Beta Phi, and was the SVP for Merrill Lynch & Co., Inc. (Bailout Company).
William A. Schreyer was a member of Kappa Beta Phi, and the chairman & CEO for Merrill Lynch & Co., Inc. (Bailout Company).
Howard P. Milstein is a member of Kappa Beta Phi, and the owner of the New York Private Bank & Trust (Bailout Company).
Richard S. Pechter is a member of Kappa Beta Phi, and a governor for the Financial Industry Regulatory Authority.
Gregory J. Fleming is a member of Kappa Beta Phi, and a governor for the Financial Industry Regulatory Authority.
Richard G. Ketchum is a member of Kappa Beta Phi, and the chairman & CEO for the Financial Industry Regulatory Authority.
Joseph J. Grano Jr. is a member of Kappa Beta Phi, and was the chairman for the Financial Industry Regulatory Authority.
Robert J. McCann is a member of Kappa Beta Phi, and was a governor for the Financial Industry Regulatory Authority.
Frederick B. Whittemore is a member of Kappa Beta Phi, and was the vice chairman for the American Stock Exchange.
Richard F. Syron is a member of Kappa Beta Phi, and was the CEO for the American Stock Exchange.
Thomas W. Strauss is a member of Kappa Beta Phi, and was a governor for the American Stock Exchange.
Hardwick Simmons is a member of Kappa Beta Phi, and was the chairman & CEO for the NASDAQ Stock Market Inc.
Richard M. DeMartini is a member of Kappa Beta Phi, and was the chairman for the NASDAQ Stock Market Inc.
William A. Schreyer was a member of Kappa Beta Phi, and the vice chairman for the New York Stock Exchange.
Joe L. Roby is a member of Kappa Beta Phi, and was a director at the New York Stock Exchange.
Donald B. Marron is a member of Kappa Beta Phi, and was a director at the New York Stock Exchange.
Kenneth G. Langone is a member of Kappa Beta Phi, and was a director at the New York Stock Exchange.
Catherine R. Kinney is a member of Kappa Beta Phi, and was the president & co-COO for the New York Stock Exchange.
Ralph D. DeNunzio is a member of Kappa Beta Phi, and was the chairman for the New York Stock Exchange.
Patricia M. Cloherty is a member of Kappa Beta Phi, and was a director at the NYSE Euronext.
Catherine R. Kinney is a member of Kappa Beta Phi, and was the group EVP for the NYSE Euronext.
Catherine R. Kinney is a member of Kappa Beta Phi, and was the president of the NYSE Group.
Richard G. Ketchum is a member of Kappa Beta Phi, and the CEO for NYSE Regulation, Inc.
John C. Whitehead is a member of Kappa Beta Phi, and was the chairman for the Federal Reserve Bank of New York.
Richard S. Fuld Jr. is a member of Kappa Beta Phi, and was a director at the Federal Reserve Bank of New York.
Anthony Scaramucci is a member of Kappa Beta Phi, and was Barack Obama’s law school classmate.
Robert E. Rubin is a member of Kappa Beta Phi, and was an Obama-Biden economic advisory team member.









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