dillonreadandco.com – Dillon Read & Co. Inc. & The Aristocracy of Stock Profits

Why I Wrote This Story

Video: Dillon Read and the Aristocracy of Stock Profits by Catherine Austin Fitts I made the decision to write “Dillon, Read & Co. Inc. and […]

I. Brady, Bush, Bechtel & “the Boys”

I remember when John Birkelund first came to Dillon Read in 1981 to serve as President and Chief Operating Officer.[1] [2] Dillon was a small […]

II. A Rothschild Man

John Birkelund arrived at Dillon Read in September 1981. Born in Glencoe, Illinois, he had graduated from Princeton and then had joined the Navy where […]

III. RJR Nabisco

If you want to understand Dillon Read in the 1980s, you must understand R.J. Reynolds (RJR), a tobacco company based in Winston-Salem, North Carolina. According […]

IV. Narco Dollars in the 1980s: Mena, Arkansas; South Central L.A.

During the 1980s, a sometime government agent named Barry Seal led a smuggling operation that delivered a significant amount of narcotics estimated to be as […]

V. Leveraged Buyouts

Leveraged buyouts were a phenomenon that got going in the 1980s. A leveraged buyout (LBO) is a transaction in which a financial sponsor buys a […]

VI. A Parting of the Ways

There was an invisible spirit that crept through our lives on Wall Street in the 1980s. LBO’s were a part of it. I could never […]

VII. “HUD is a Sewer”

As Assistant Secretary for Housing-Federal Housing Commissioner, I was responsible for the operations of the Federal Housing Administration (FHA), which was the largest mortgage insurance […]

VIII. Dillon’s Investment in Cornell

On February 21, 1991, after I had left the Bush Administration and remained in Washington D.C. to invest in my own start up, Hamilton Securities, […]

IX. Cornell Corrections

Based on company SEC filings, Houston-based Cornell Corrections started off with correctional facilities in Massachusetts and Rhode Island in 1991 and then in 1994 acquired […]

X. The Clinton Administration: Progressives for For-Profit Prisons

Much has been written about the use of the War on Drugs to intentionally disenfranchise poor people and engineer the centralization of political and economic […]

XI. Hamilton Securities Group

I left the Bush Administration in 1990, persuaded that digital technology and the Internet could be used by entrepreneurs to create new wealth in an […]

XII. A Note on Protecting the Brand with Dirty Tricks

The process and technology of compromising and controlling honest business and government leaders and journalists — or destroying them when they can not be controlled […]

XIII. “You are Going to Prison” — 1996

Though a fictional movie, Enemy of the State with Will Smith and Gene Hackman shows how targeting a person works in Washington, D.C. Will Smith […]

XIV. Enforcement Terrorism — 1997

By the time Bill Clinton and Al Gore were sworn in for their second term in January 1997, the first wave of investigation and smear […]

XV. Dillon Read — Cashing Out on Cornell

When Cornell Corrections listed its shareholders with investments of greater than 5% in its proxy statement filed with the SEC in March 1998, Dillon Read […]

XVI. Financial Coup d’Etat — 1998

Photo: Richard Grasso (chairman and chief executive of the New York Stock Exchange from 1995 to 2003) hugging a FARC Commander in 1999 in a […]

XVII. Private Banking & the Profitable Liquidation of Every Place

In December of 1998, during the period when Dillon Read cashed out of Cornell Corrections and $59 billion went missing from HUD, Time Magazine published […]