The Global Custodians and 9/11

Toronto, ON-- Buttonwood International Group is the undisputed watchtower when it comes to looking out for the best interests of the self-styled Global Custodians".

Boasting that its Global Custodian clients represent nearly $50-trillion assets in custody, Buttonwood represents Pooh-Bahs with enough cash reserves to rule the world. They pack the kind of power that United Nations Secretary General Kofi Annan’s right hand man, Maurice Strong once fantasized about when he told a reporter about the potential held by a group of world leaders who could actually capture control of the world’s capital markets by preventing the world’s stock markets from closing. In more contemporary times, there are some quarters worrying that the Global Custodians may soon cut off the lines of credit to America’s capital markets in order to induce the kind of panic Strong fantasized about.

PING

Buttonwood’s blue-chip custodian client JP Morgan Chase & Co., the third-largest U.S. bank agreed only Tuesday to pay $2.2-billion to settle a class-action lawsuit over its role in helping Enron Corp. engineer an accounting fraud that bilked investors out of billions of dollars. (MyWay.com, June 14, 2005).

The agreement, confirmed by the bank and plaintiffs, represents the largest settlement deal in lawsuits against banks, advisers and Enron executives connected to the energy trader’s 2001 bankruptcy. It also comes just four days after Citigroup Inc., the parent of Citibank, another one of Buttonwood’s blue-chip custodian clients, and America’s largest financial services firm, agreed to pay investors $2-billion to settle another class action lawsuit over the Enron fraud.

In some respects, Buttonwood seems to be the Sherlock Holmes’s dog that didn’t bark when its Global Custodian clients began "breaking and entering" into the world’s capital markets in a spooky déja-vue enactment of Maurice Strong’s fantasy.

There are some intriguing questions relating to Buttonwood International and September 11, 2001.

Buttonwood’s August 2001 business address was One World Trade Center, Suite 7967.

A click onto the Buttonwood page for December 2001, just three months after the terrorist attacks is interesting: http://web.archive.org/web/20011202083232/http://www.buttonwood.com/.

Note the WTC photo icon below goes to a page dated 9/11 with these sad and scary words, "September 11, 2001: Buttonwood International’s office support staff was located on the 79th floor of One World Trade Center. As of today, we are unable to confirm that all personnel are safely evacuated." But the main page of December 2001 fails to state how many, or if any, Buttonwood employees died in World Trade Center 1. Curiously, Buttonwood a self-touted management consultant for Global Custodians seems to have ignored the catastrophic events of 9/11 and its impact on its $40 (now $50) trillion clients in the "global securities industry". http://web.archive.org/web/2002205135057/www.buttonwood.com/WTC 0913.html.

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