This is my second story about OPIC – OVERSEAS PRIVATE INVESTMENT CORPORATION – a Department of the United States Treasury. This one is based on the OPIC 2006 Annual Report. It contrasts my earlier report on OPIC 1999. Robert Mosbacher, Jr., CEO of Mosbacher Petroleum, is the new CEO of OPIC. Mosbacher Petroleum was skimming money off ENRON back in the 80’s. OPIC was giving money directly to the oil companies. Now banks are skimming money off the U.S. Treasury and lending it to the oil companies. From the OPIC Handbook 2006, p.8, US Economic Contribution,
“OPIC supports only those projects that are not likely to harm the US economy or have a negative effect on US employment. OPIC will not support “run-away plants” which substitute existing US facilities with foreign plants to serve the same markets.”
| Company | Amount | Location |
| Emerging Capital Partners, LLC. (that’s a good one) | $ 75 million | Africa and Middle East |
| Citigroup Corporate and Investment Bank | $ 15 million | Bangladesh |
| GE Energy Rentals | $ 2.5 million | Philippines |
| Citigroup Corporate and Investment Bank | $ 8 million | Sri Lanka |
| Kimberly-Clark Corp. | $ 16.4 million | Vietnam |
| ShoreBank International Ltd. | $ 7.5 million | Azerbaijan |
| Wachovia Bank National Assoc. | $ 10 million | Bulgaria |
| Firebird Management | $ .78 million | Georgia (Russia) |
| Citigroup Corporate and Investment Bank | $ 22.5 million | Kazakhstan |
| Wachovia Bank National Assoc. | $ 25 million | Kazakhstan |
| Capital International Private Equity Fund IV | $ 100 million | Russia |
| Firebird Management LLC. | $ 7.3 million | Russia |
| Greenwich Financial Securities, LLC. | $ 6 million | Russia |
| National City Bank GFA | $ 48 million | Russia |
| Wachovia Bank National Assoc. | $ 20 million | Russia |
| Wachovia Bank National Assoc. | $ 70 million | Turkey |
| National City Bank GFA | $ 20 million | Brazil |
| Roberto Zamora | $ 20 million | Costa Rica |
| American Home Assurance Co. | $ 15.8 million | Ecuador |
| Citigroup Corporate and Investment Bank | $ 1.2 million | Haiti |
| Citigroup Corporate and Investment Bank | $ 15 million | Honduras |
| Wachovia Bank National Assoc. | $ 35 million | Honduras |
| Roberto J. Zamora | $ 10 million | Honduras |
| Citigroup Corporate and Investment Bank | $ 20 million | Mexico |
| Roberto Zamora | $ 20 million | Nicaragua |
| Wachovia Bank National Assoc. | $ 5 million | Panama |
| Citigroup Corporate and Investment Bank | $ 7 million | Peru |
| Phelps Dodge Corporation | $ 142 million | Peru |
| ”14 U.S. Citizens” | $ 4 million | Latin America |
| Conduit Capital Partners, LLC | $ 60 million | Latin America |
| Darby Overseas Investments, Ltd. | $ 45 million | Latin America |
| Conduit Capital Partners, LLC | $ 60 million | Latin America |
| Citigroup Corporate and Investment Bank | $ 150 million | Other OPIC Countries |
| National City Bank | $ 350 million | Other OPIC Countries |
| Wachovia Bank, NA | $ 250 million | Other OPIC Countries |
Does this look like “government for the people”?
Why do these banks need capital from the US Treasury?
When one of these countries nationalizes American assets, guess who foots the bill? You do. ENRON took $4 billion of these handouts and squelched. You made several millionaires into billionaires. New Orleans got nothing. When will you people wake up to the crooks who are running our government? Never. You take it hook, line, and sinker every time. Sheeple. Why are we giving all this money to Citigroup? Argentina calls Bush “Satan” and nationalizes our oil assets. Do you believe everything you hear on the news?
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