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(1) Chrysler filed for bankruptcy in May and (2) GMAC, General Motors’ former finance arm had to be rescued by the US government. SURPRISE Both of these billion dollar taxpayer bailouts are business partners.

Americans have not yet learned the full extent of official corruption, thievery, schemes and scams involving $TRILLIONS of tax dollars aided and abetted by the dupes on Capitol Hill. Here’s Bernanke, Paulson, and J Ezra Merkin---salivating to divvy up the taxpayers' billions.

WHERE IS THE MONEY? $BILLIONS in taxpayer bailouts were paid to Cerebrus' Fineberg (owner of Chrysler), and his partner, ex-GMAC chair, J Ezra Merkin.

HOGGING AT THE PUBLIC TROUGH In May 2004, Stephen A. Feinberg's "private investment group," Cerberus Capital Management, LP (Cerebrus is the three-headed dog that guards Hades), became majority owner of IAP Worldwide Services, Inc, one of the US Army’s largest contractors in Iraq.

In Afghanistan, Feinberg's IAP runs a drug/addiction center" in Kunduz---Kunduz is the largest opium supplier in the world. IAP also provides infrastructure support for the British Ministry of Defence in Kandahar....apart from supporting the US Army in Basra.

Feinberg's company----IAP----also serves a broad array of federal clients including the US Dept Of Defense, NASA, the US Geological Survey, the US Agency for International Development, the IRS, and a variety of other federal agencies.

WHERE'S THE MONEY? Ponzi Madoff’s pal, J Ezra Merkin, made zillions feeding funds to Bernie from his four hedge funds.....one fund was offshore. Merkin (then-GMAC chair) and Stephen Fineberg (as Chrysler owner) both got billion dollar tax bailouts.

Merkin/Fineberg co-own an Israeli bank which could have been used in scams since Israel is the only place in the world where a person can debark, enter an Israel bank with a suitcase full of cash, and nobody asks where they got it, or whether taxes were paid on it.

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REFERENCE---NY POST, 8/4/09
ISRAEL-US 'CROOKS' -- AP
JERUSALEM -- Israeli police said that they had broken up an Israeli-American crime ring specializing in tax fraud and money laundering. A joint probe with US authorities led to the arrest in Israel of seven suspects. The ring members defrauded the IRS of tens of millions of dollars and deposited the money in Israeli bank accounts, according to a police statement. http://www.nypost.com/seven/08042009/news/worldnews/israel_us_crooks_182868.htm

MERKIN'S CAYMAN ISLAND HEDGE FUND As GMAC chair, J Ezra Merkin ran hedge funds as a sideline and was feeding funds into Madoff's operation (and pocketing hundreds of $millions in fees)-----Merkin's name is connected to (1) Ariel Fund, based in the Cayman Islands (a partnership between Merkin and Fortis Bank in an infamous money laundering haven), (2) Ascot Partners, (3) general partner of Gabriel Capital LP, a $5 billion family of hedge funds, and, (4) managing partner of Gotham Capital.

Merkin and Cerebrus' Stephen A. Feinberg, bought Bank Leumi from the Israeli government for $500 million. Fineberg's private equity firm---Cerberus Capital Management LP---also owns Chrysler Motors. Merkin had 62.5% of the $1.2 billion in assets in his Gabriel Capital fund invested with Fineberg's private equity firm, Cerberus..........

SWILLING TIMELINE The US Treasury bought a $5 billion stake in GMAC headed by J Ezra Merkin's; also lending $1 billion to GM IN ADDITION to the $13.4 billion the US Treasury lent earlier to J Ezra Merkin's GM, and Fineberg's Chrysler. In 2006, GM sold 51 percent of Merkin's GMAC to Feinberg's private equity firm Cerberus Capital Management LP (which also owns Chrysler).

Merkin and Cerebrus's Fineberg also co-own an Israeli bank. Israel is the only place in the world where an individual can fly in, debark, go to a bank with a suitcase full of cash and nobody asks where it came from.......... or if taxes were paid on it.

IS CEREBRUS USING SECRET FEDERAL RESERVE INFO TO PROFIT? Knowing the Feds rise and fall of interest rates could make zillions for insiders. On October 19, 2006, John W. Snow, Secretary of the Treasury under George H.W. Bush, was named chairman of Cerberus.

WHO IS J. EZRA MERKIN?

Jacob Ezra Merkin (born 1954) is an American money manager, financier, and philanthropist. He served as the Chairman of GMAC until his resignation on January 9, 2009, at the insistence of the US government. He is the general partner of Gabriel Capital LP, a $5 billion family of several hedge funds.

EDUCATION Columbia University (1976), JD, Harvard Law School Board member of Trustee, Yeshiva University (out 2008); Board of Visitors, Columbia College; Vice Chairman, Ramaz School, New York City. Managing Partner, Gabriel Capital Group (1985-). Member of the Board, GMAC (as Chairman). Beyeler Foundation (Switzerland) Trustee. Carnegie Hall Trustee. UJA/Federation of New York Trustee. President, Fifth Avenue Synagogue, New York City. He is the brother or Daphne Merkin, a writer. He is married, and the father of four children.

Merkin is the son of Hermann Merkin, a prominent banker, philanthropist, and author, and Ursula Merkin. The elder Merkin was also involved in legal troubles.....a bank he owned was charged with money-laundering.

Merkin attended Ramaz, an Upper East Side Modern Orthodox prep school, two yeshivas in Israel, then Columbia University and Harvard Law School. He briefly worked for the law firm Milbank Tweed. But in the early 1980s he moved on to Wall Street finance, his father’s business, working at a hedge fund run by Alan Slifka, his father's friend. There he met Joel Greenblatt, who founded Gotham Capital in 1985, where Merkin worked as an analyst until 1988.

As GMAC chairman, J Ezra Merkin ran hedge funds as a sideline and was feeding funds into Madoff's operation (and pocketing hundreds of $millions in fees)-----Merkin's name is connected to 1) Ariel Fund, based in the Cayman Islands (an infamous money laundering haven--a partnership between Merkin and London's Fortis Bank), (2) Ascot Partners, (3) general partner of Gabriel Capital LP, a $5 billion family of hedge funds, and, (4) managing partner of Gotham Capital.

On April 6, 2009, New York Attorney General Andrew Cuomo filed civil fraud charges against J. Ezra Merkin alleging he "betrayed hundreds of investors" by moving $2.4 billion of clients' money to Bernard Madoff without their knowledge.

The complaint states, Merkin lied about putting the money with Madoff, failed to disclose conflicts of interest, and collected over $470 million in fees for his three hedge funds, Ascot Partners LP with Ascot Fund Ltd., Gabriel Capital Corp. and Ariel Fund Ltd.

Merkin promised he would actively manage the money, but instead, he misguided investors about his Madoff investments in quarterly reports, in investor presentations, and in conversations with investors. "Merkin held himself out to investors as an investing guru...In reality, Merkin was but a master marketer."

Madoff depended on feeder funds to funnel investor deposits directly to him. In 2000, Merkin's investors "said" they were told was investing in distressed assets and bankruptcies......when he actually transferred more than one third of clients' funds' to Madoff (money laundering and tax evasion operation)

Merkin's Ascot Partners formed in 1992, held $1.7 billion from 300 investors, and earned him $25.5 million per year by the end of December, 2008. He advised investors that only 15% of the fund was invested with Madoff. "Substantially all" of its assets went to Madoff, although he represented the contributions as only a 15% investment.

J Ezra Merkin and Chrysler's Stephen A. Feinberg (who owns the private equity firm---Cerberus Capital Management LP) are partners in Bank Leumi bought from the Israeli government for $500M.

Merkin and Fineberg could also mean the connivers were stealing Federal Reserve insider info. Fineberg hired Ex-Treasury Sect John Snow to head Cerebrus. Knowing Federal Reserves moves in advance would make zillions for the thieves...........on top of the billions they were swilling elsewhere. These termites were running rampant allover the US government---Merkin and Feinberg's auto companies received billions in govt bailouts.