Karen Hudes asks US Department of Defense, 188 Ministers of Finance, and the Public to End the Cabal's Reign of Terror

Occupy Wall Street on Karen Hudes:  http://occupywallst.org/forum/world-bank-revolving-door-of-corruption-with-whist/#.Ua4J3L3grAg.gmail  Hudes’ story is easily the most interesting, compared to major financial scandals, surveillance, etc. The American public, indeed the whole world, would unify with an understanding of a rigged world for a few.  

On October 3, 2007, Hudes, an economist and lawyer at the World Bank for twenty years,[1] informed Kenneth Peel in the US Treasury Department that “Senator Lugar’s office suggested that I contact you about an escalating perception that the US does not respect rule of law in its oversight of the World Bank.  Now the members of the World Bank’s Board are subjected to intimidation for trying to restore rule of law at the Bank.”  Earlier that day, Hudes had informed Keith Luse and Nilmini Rubin in Senator Dick Lugar’s office, Jay Branegan on the staff of the Senate Committee on Foreign Relations, Jim Greene in then Senator Joe Biden’s office, Tom Crohan in Senator Ted Kennedy’s office, and Jayme Roth in Senator Evan Bayh’s office:

“I have just returned from Holland, and learned there that Messrs. Wijffels and Melkert (representatives of the Dutch Government on the World Bank Board) have informed the Dutch public that they were subjected to investigations of their private lives as a form of diplomatic blackmail.  According to Mr. Wijffels, other executive directors on the World Bank’s Board have been similarly intimidated.  This does not augur well for the upcoming Annual Meetings that will start October 20th.  I attach translations and links to the stories in Dutch.

     Of course, the Volcker Panel report has not dealt with [the World Bank Department of Institutional Integrity]‘s record of whistleblower harassment, and only serves to discredit US probity in its oversight of the World Bank.  

     I would like to speak with you about my discussions with Pieter Stek (then Dutch Executive Director) on September 25 and 26 and with Riny Bus in the Dutch Ministry of Foreign Affairs on September 24th.  

Wijffels angered at “digging” into his past (Novum)

9/22/2007  Herman Wijffels says that his past was delved into “in a shocking manner” this year.  According to the man who formed the current Dutch cabinet, this took place during his work at the World Bank, where he chaired the committee that looked into the controversial dealings of Bank President Paul Wolfowitz. 

Wolfowitz had to step down following Wijffels’ inquiry into Wolfowitz’ possible conflicts of interest.  Wolfowitz had given his girlfriend, who also worked at the bank, a very large raise.

According to Wijffels, “third parties” tried to surface issues from his past which might have discredited him.  The former head of the Rabobank did not want to provide details.  But Wijffels said that the White House had played a large role in the struggle over the leadership at the World Bank.

“In my case, there was nothing to find, but my colleagues on the Board of the World Bank were dismayed. There were definite attempts at disqualification,” said Wijffels.

    Television Interview with Ad Melkert 9/29/07 VPRO Buitenhof ‘Politics on the World Stage’ 

Ad Melkert, Deputy Director of the United Nations Development Program, and former Dutch Executive Director at the World Bank, confirmed during a fifteen minute interview with Clairy Polak on this Dutch Public Broadcast program that Herman Wijffels’ private life and bank accounts were subjected to investigation.  Mr. Melkert added that ‘very aggravating attempts’ were also made to discredit him.  These attempts were especially intense during the period of May through July, 2007.”

The World Bank and IMF were named after the ski resort in the United States where these international organizations at the hub of the international monetary system were founded in 1944.   A 2004 stakeholder analysis of rule of law and governance at the Bretton Woods institutions warned that the US would no longer appoint the President of the World Bank under the “Gentlemen’s Agreement” if the World Bank was not brought into compliance.[2]  The 188 members of the World Bank revoked the Gentlemen’s Agreement on April 25, 2010.[3]  Hudes advised state attorneys general of the United States that the 2004 stakeholder analysis was “predict[ing] a crisis that could lead to a currency war which would affect all United States citizens.”[4]

The World Bank is in contempt of Congress: the World Bank disregarded the Joint Economic Committee’s (JEC) 2005 inquiry into the Bank’s “corporate governance irregularities” and “accounting problems” and failed to follow the JEC’s advice that professional financial and accounting employees be given independent access to the World Bank’s Board and its Audit Committee;[5] the World Bank failed to protect Hudes against retaliation for challenges of illegality or other misconduct that could threaten the bank’s mission through external arbitration pursuant to the 2005 Lugar-Leahy amendment, 22 U.SC. §262o-4;[6] the World Bank stonewalled Senator Lugar’s and Congressman Van Hollen’s four requests for the advice of the executive search firm following Hudes’ disclosure of internal control lapses during her interview for the World Bank’s General Counsel position;[7] the World Bank fails to confront its five-year refusal to comply with the Government Accountability Office  (“GAO”) inquiry into corruption requested by Senators Lugar, Leahy and Bayh .[8] Congress reiterated its request for the GAO inquiry during hearings on the World Bank’s capital increase.[9]

Hudes bought a World Bank bond and sued the World Bank and its accountants, KPMG, in US  federal court for violation of the securities laws.  Hudes claims that an international conglomerate identified by the Federal Institute of Technology in Zurich, Switzerland, http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf corrupted the World Bank and was responsible for state capture in a number of its member countries, including the United States.  An analysis of the financial markets reveals that the world’s finances are in the hands of just a few mutual funds, banks, and corporations.