Franklin National Bank organization
also: Franklin National, Franklin, Sedona Bank, Long Island Bank
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Claims (1)
Federal Reserve provided_bridge_financing_for
Franklin National Bank host_asserted
“Because they're too big to fail bullshit. So Sedona's purchase of Franklin National created a financial nightmare. And by April 1974, the bank was in a nosedive. The reality was that Franklin had suffered $40 million loss and the Federal Re…”
▶ Operation Gladio - Italy Part 4 @ 38:30
Mentions (4)
▶ 38:30
Because they're too big to fail bullshit. So Sedona's purchase of Franklin National created a financial nightmare. And by April 1974, the bank was in a nosedive. The reality was that Franklin had suffered $40 million loss and the Federal Re…
▶ 38:59
Hundreds of millions of dollars to the Sedona Bank. Surely the Fed knew that the bank could not survive. Warning notices about, and remember, when the Federal Reserve decides to bail out this bank, that debt is our debt.…
▶ 39:20
Franklin's terminal condition had been issued by Morgan Guarantee Trust and a host of other international financial institutions, but the money kept pouring into Franklin until the Long Island Bank finally collapsed. This is money launderin…
▶ 40:44
so much of the crap that Sedona owned. Kennedy was well-connected with Arthur Burns, the chairman of the Fed. Both Kennedy and Burns were key appointees in the Nixon administration, and both were prominent members of the CFR Trilateral Comm…