Having read Part Two, including the two sub-parts about the investment syndicate and brief history of United Fruit Company, you no doubt have an inkling of why people who work for the CIA have invariably referred to their employer as The Company, rather than the American taxpayer. You also have a better idea why members of the American Mafia said they were working for The Syndicate. The truth is these two groups make up two tentacles of the octopus that runs American society today. People disagree about when it began, though we have traced the roots as far back as the reorganization of United Fruit in around 1900. It was at that point that the men who ran Harvard Corporation--primarily the remnants of the Cabot family of chartered company fame and their descendants, like the Lodges, Lowells, Perkinses and Paines--merged with the New York faction incorporated into the Empire Trust and its eventual successor Bank of New York. The two groups also received debt financing from British and Canadian sources, which would eventually acquire a hidden equity position in the syndicate, as defaults in repayment occurred, and entities were reorganized. As competition arose from a New Orleans-based company, composed of European organized crime members from Sicily and Eastern European Jews, the syndicate was enlarged to add that faction as well. Each segment of the syndicate maintained its own distinct responsibilities.
Posted on: Thu, 31 Oct 2013 02:48:19 +0000
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