The Real Game of Missing Money power for the government under the debt ceiling that Congress is refusing to raise. This action, together with the use of the Fund for the Mexican rescue, brings the Fund to public notice after it had remained so long in obscurity. [Source: Anna Schwartz] 19960606 The “Dark Alliance” series by Gary Webb starts running in the San Jose Mercury News, exposing the role of the CIA in cocaine trade through Mena, Arkansas into South Central Los Angeles. The Hamilton Securities Community Wizard geocoded software program includes maps showing a high concentration of HUD mortgage defaults in South Central LA. Media, enforcement 19960930 The Federal Financial Management Improvement Act (FFMIA) builds on the CFO Act by emphasizing the need for agencies to have systems that can generate timely, accurate, and useful information with which to make informed decisions and ensure accountability on an ongoing basis. FFMIA requires the 24 major departments and agencies covered by the CFO Act to implement and maintain financial management systems that comply substantially with (1) federal financial management systems requirements, (2) applicable federal accounting standards, and (3) the U.S. Standard General Ledger (SGL) at the transaction level. FFMIA also requires auditors to report in their CFO Act financial statement audit reports whether the agencies’ financial management systems comply with FFMIA’s requirements. [Source: GAO] law 19961019 Enactment of Government Accountability Act of 1996. law 19961105 Re-election of Bill Clinton. event 19970000 William J. Clinton Foundation is founded. The Clinton Foundation (founded as the William J. Clinton Foundation and, from 2013 to 2015, briefly renamed the Bill, Hillary & Chelsea Clinton Foundation) is a non-profit organization under section 501(c)(3) of the U.S. tax code. Former President of the United States Bill Clinton establishes the foundation with the stated mission to "strengthen the capacity of people in the United States and throughout the world to meet the challenges of global interdependence.” [Source: Wikipedia] event 19970000 An amendment to the Gold Reserve Act (31 U.S.C.§ 5302(b)) provides that an ESF loan or credit to a foreign entity or government for more than six months in any twelve-month period requires the President to give Congress "a written statement that unique or emergency circumstances require the loan or credit for more than six months." [Source: Schwartz] Law 19970400 Hamilton Securities Group holds an Advisory Board meeting at Safeguard Scientific. While there, President (Bill Crist) of the CalPERS pension fund—the largest in the country—says, “You don’t understand. It’s too late. They have given up on the country. They are moving all the money out in the fall [of 1997]. They are moving it to Asia.” He does not say who “they” are but indicates that it is urgent that Catherine Austin Fitts see Nick Brady (Chairman of Dillon Read, where Catherine was a partner, and Secretary of Treasury under Reagan and George H.W. Bush and her former supervisor at Dillon Read), as Hamilton Security Group’s data indicating that there is hope for the country might make a difference. (Catherine Austin Fitts thought at the time that he meant that the pension funds and other institutional investors would be shifting a much higher portion of their investment portfolios to emerging markets.) Event, Hamilton 19971014 Hamilton Securities receives letters from HUD (1) canceling, (2) seizing funds owed to Hamilton for work performed, and (3) demanding the return of all HUD portfolio data. Although HUD’s letter states that the contract cancellation is “for convenience of the government,” newspaper accounts relate it to bid issues. Hamilton had reported to HUD in 1996 that the AT&T/Bell Labs error had been addressed by the appropriate HUD staff and dismissed as not material. There are intimations that Hamilton proprietary software programs like Community Wizard belong to HUD and that HUD should receive a free copy. All work, including Community Wizard and community databanks, comes to a halt; all efforts to encourage Congress to pass requirements for place- based disclosure stop. Shortly thereafter, Nicolas Retsinas (FHA Commissioner) falsely alleges to the press that Hamilton is under criminal investigation. Hamilton 19980121 Stories on Monica Lewinsky proliferate in the general news. The Washington Post "postpones" its front-page investigative story about Hamilton Securities, which never runs. media 19980308 Judge Stanley Sporkin approves seizure of the Hamilton Securities offices by the Department of Justice. Hamilton 19980309 Counsel for Inspector General of HUD, Judith Hetherton, attempts to obstruct justice by throwing Hamilton’s paper copies of its accounting records into the building trash bin. Hamilton 1 7 9