The Serious Fraud Squad Should Investigate John Key and Merrill Lynch’s Involvement With the Cullen Fund!

Aotearoa: A Wider Perspective

Around the world Pension funds are being exposed as underfunded and unable to cope with demand. In 2002 a Merrill Lynch investment and wealth management banker named Ira Bing took place on the first board of Guardians of a new founded Sovereign Wealth fund we now call “the Cullen fund”.

He stayed on the board of the Cullen fund until 2005. According to Der Spiegel it was in 2002 especially that several investment banks started to sell their crap to sovereign wealth funds all over the world and make no mistake Merrill Lynch was one of the biggest players in that market:

Around 2002 in particular, various investment banks offered complex financial products with which governments could push part of their liabilities into the future

Merrill Lynch ended up putting $ 75 trillion of faulty and fraudulent Derivatives on the taxpayers of America’s shoulders. In September 2008 just before…

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