Financial Capture
The Financial Capture capture lane traces 838 verified events documenting this mechanism of institutional capture.
| Date | Event | Lanes | Status |
|---|---|---|---|
| 1998-01-15 | IMF Forces Massive Corporate Restructuring in South Korea International Monetary Fund · South Korean Government · Chaebol Corporations · World Bank · +1 | confirmed | |
| 1998-01-01 | Deutsche Bank Loans Trump $2.5 Billion Despite Russian Money Laundering and Red Flags Deutsche Bank · Donald Trump · Trump Organization · Russian Oligarchs · +1 | confirmed | |
| 1997-10-24 | IMF Structural Adjustment Policies Implemented in Asian Economies International Monetary Fund · World Bank · McKinsey & Company · Goldman Sachs · +2 | confirmed | |
| 1997-10-23 | IMF Imposes Harsh Structural Adjustment on Indonesia International Monetary Fund · Indonesian Government · World Bank · McKinsey & Company · +2 | confirmed | |
| 1997-10-15 | IMF Imposes Radical Structural Adjustment on Indonesia International Monetary Fund · Suharto Government · World Bank · McKinsey & Company · +1 | confirmed | |
| 1997-09-01 | USAID Cancels Harvard Russia Project After Discovering Shleifer and Hay Used Insider Positions to Profit from Russian Investments Andrei Shleifer · Jonathan Hay · Harvard Institute for International Development · United States Agency for International Development · +3 | confirmed | |
| 1997-07-02 | Thai Baht Collapses, Triggering Asian Financial Crisis Thai Central Bank · International Monetary Fund · World Bank · McKinsey & Company · +1 | confirmed | |
| 1997-01-01 | Financial Industry Spends $300 Million on Deregulation Lobbying and Campaign Contributions Banking industry · Insurance Industry · Securities Industry · Democratic Party · +2 | confirmed | |
| 1996-12-31 | Telecommunications Act Triggers Mass Layoffs and Destruction of Local Journalism Media Conglomerates · Local News Stations · Radio Journalists · Newspaper Reporters · +1 | confirmed | |
| 1996-06-30 | Clear Channel Begins Unprecedented Radio Consolidation Under Telecommunications Act Clear Channel Communications · Lowry Mays · FCC Federal Communications Commission · Local Radio Stations | confirmed | |
| 1996-04-29 | Buddhist Temple Fundraising Event Generates Illegal Campaign Contributions Al Gore · Maria Hsia · John Huang · Democratic National Committee | confirmed | |
| 1996-01-01 | ALEC Adopts Business Plan to "Function More Like a Business" - Formalizes Pay-to-Play Corporate Legislative Model American Legislative Exchange Council | confirmed | |
| 1996-01-01 | Purdue Pharma Launches Aggressive OxyContin Marketing Campaign Based on False Claims Purdue Pharma · Sackler Family · Richard Sackler | confirmed | |
| 1995-11-01 | Russia's 'Loans-for-Shares' Auctions Transfer $100 Billion in State Assets to Oligarchs for Pennies on the Dollar Boris Yeltsin · Vladimir Potanin · Mikhail Khodorkovsky · Boris Berezovsky · +4 | confirmed | |
| 1995-01-10 | Robert Rubin Appointed Treasury Secretary After 26 Years at Goldman Sachs Robert Rubin · Bill Clinton · Goldman Sachs | confirmed | |
| 1994-09-29 | Riegle-Neal Act Enables Nationwide Bank Consolidation, Mortgage Market Transformation President Bill Clinton · Senator Donald Riegle · Representative Stephen Neal · American Bankers Association · +2 | confirmed | |
| 1994-09-13 | Crime Bill Allocates $8.7 Billion for Prison Construction With Truth-in-Sentencing Requirements Bill Clinton · State Governors · Prison Construction Industry | confirmed | |
| 1994-07-01 | Wackenhut Corrections (Later GEO Group) Goes Public on NASDAQ, Second Major Private Prison Company Enters Wall Street Wackenhut Corrections Corporation (WCC) · GEO Group · George C. Zoley · The Wackenhut Corporation · +1 | confirmed | |
| 1994-01-01 | NAFTA Implementation Begins Manufacturing Job Hemorrhage Bill Clinton · George H.W. Bush · Carlos Salinas de Gortari · U.S. Chamber of Commerce · +1 | confirmed | |
| 1994-01-01 | NAFTA Takes Effect as Zapatista Uprising Protests Privatization of Indigenous Lands EZLN Zapatista Army · Mexican Government · Indigenous Campesinos · Bill Clinton · +1 | confirmed | |
| 1993-01-14 | CFTC Chair Wendy Gramm Exempts Enron from Derivatives Regulation, Joins Board Five Weeks Later Wendy Gramm · Phil Gramm · Enron Corporation · CFTC Commodity Futures Trading Commission · +1 | confirmed | |
| 1992-11-01 | Trump Plaza Hotel in Manhattan Files for Bankruptcy Protection Donald Trump | reported | |
| 1992-10-29 | FDA Prescription Drug User Fee Act Creates Financial Dependence on Pharmaceutical Industry Food and Drug Administration · PhRMA · U.S. Congress · Pharmaceutical companies | confirmed | |
| 1992-10-01 | Russia Begins Mass Voucher Privatization: 148 Million Citizens Given Certificates Worth 'Two Volga Cars' That Become Worthless Anatoly Chubais · Boris Yeltsin · State Committee for State Property Management · Russian Government | confirmed | |
| 1992-03-09 | Trump Castle and Trump Plaza File Simultaneous Bankruptcies Donald Trump | reported | |
| 1992-01-02 | Russia Launches 'Shock Therapy' Economic Reforms: Price Liberalization Triggers 2,520% Inflation and Economic Collapse Boris Yeltsin · Yegor Gaidar · Jeffrey Sachs · Harvard University · +2 | confirmed | |
| 1992-01-01 | Harvard Receives $40 Million USAID Contract to Advise Russia's Economic Transition: 'Harvard's Blank Check from Uncle Sam' Harvard Institute for International Development · Andrei Shleifer · Jonathan Hay · Lawrence Summers · +2 | confirmed | |
| 1991-07-05 | Kroll Associates Investigates BCCI Collapse, Demonstrating Private Intelligence Capability Rivaling Government Agencies Jules Kroll · Kroll Associates · Bank of Credit and Commerce International · Robert Morgenthau · +3 | confirmed | |
| 1991-07-01 | Trump Taj Mahal Files First Bankruptcy After Junk Bond Collapse Donald Trump | confirmed | |
| 1991-07-01 | Trump's Six Bankruptcies: Pattern of Borrowing Heavily and Walking Away Donald Trump | confirmed | |
| 1991-06-04 | Minnesota Enacts First Charter School Law, Creating Template for Education Privatization Governor Arne Carlson · Minnesota Legislature · Citizens League · Ted Kolderie · +1 | confirmed | |
| 1991-01-01 | Saudi Prince Alwaleed bin Talal purchases Trump yacht during financial crisis Prince Alwaleed bin Talal · Donald Trump · Trump Organization · Saudi Arabia | confirmed | |
| 1990-07-25 | Keating Lincoln Savings Civil RICO Fraud Indictment Charles H. Keating Jr. · Charles Keating III | confirmed | |
| 1990-03-27 | Milwaukee Parental Choice Program Creates First Publicly-Funded Private School Vouchers Governor Tommy Thompson · Representative Polly Williams · Bradley Foundation · Milwaukee Public Schools | confirmed | |
| 1990-01-01 | Federal Reserve Begins Systematic Dismantling of Glass-Steagall Restrictions Federal Reserve Board · Alan Greenspan · JP Morgan & Co. · Morgan Stanley | confirmed | |
| 1990-01-01 | Trump Taj Mahal Casino Opens with $675 Million Junk Bond Debt Crisis Donald Trump · Carl Icahn · Marvin Roffman · Trump Taj Mahal | confirmed | |
| 1989-08-09 | FIRREA Signed: $160 Billion Taxpayer Bailout of S&L Industry Fraud George H.W. Bush · U.S. Congress · Resolution Trust Corporation · Federal Deposit Insurance Corporation | confirmed | |
| 1989-04-14 | Lincoln Savings Collapse: $3.4 Billion Taxpayer Bailout Lincoln Savings and Loan · American Continental Corporation · Charles Keating · Federal Deposit Insurance Corporation · +2 | confirmed | |
| 1989-02-09 | KKR's $31 Billion RJR Nabisco Leveraged Buyout Establishes Private Equity Wealth Extraction Model KKR · Henry Kravis · Ross Johnson · RJR Nabisco | confirmed | |
| 1989-01-01 | S&L Industry Collapse: Over 1,000 Institutions Failed by 1989 Savings and Loan institutions · Federal Home Loan Bank Board · Federal Savings and Loan Insurance Corporation · Resolution Trust Corporation | confirmed | |
| 1988-01-01 | S&L Crisis Prosecutions: 1,000+ Bankers Convicted, Contrasts Sharply with 2008 Department of Justice · Federal Bureau of Investigation · Office of Thrift Supervision · S&L executives | confirmed | |
| 1987-12-01 | Keating Lincoln Savings Irvine Fraudulent Bond Scheme Charles H. Keating Jr. · Lincoln Savings and Loan Association | confirmed | |
| 1987-04-01 | Federal Reserve Approves Section 20 Subsidiaries for JP Morgan, Citicorp, and Bankers Trust Federal Reserve Board · JP Morgan & Co. · Citicorp · Bankers Trust · +2 | confirmed | |
| 1987-04-01 | Keating Five Senators Pressure FHLBB to Halt Lincoln Investigation Alan Cranston · Dennis DeConcini · John Glenn · John McCain · +4 | confirmed | |
| 1987-01-01 | Heritage Foundation Budget Reaches $14.3 Million - Scale of Corporate Policy Investment Heritage Foundation · Joseph Coors · Richard Mellon Scaife · Edwin Feulner · +1 | confirmed | |
| 1987-01-01 | Wackenhut Corrections Wins First Federal Immigration Detention Contract in Aurora, Colorado Wackenhut Corporation · Wackenhut Corrections Corporation · George C. Zoley · George Wackenhut · +2 | confirmed | |
| 1986-10-22 | Tax Reform Act of 1986 - Corporate Lobbying Secures Massive Rate Reductions Ronald Reagan · Corporate lobbyists · U.S. Senate Finance Committee · U.S. Congress | confirmed | |
| 1986-10-01 | Corrections Corporation of America Goes Public on NASDAQ at $9 Per Share, Wall Street Bets on Mass Incarceration Corrections Corporation of America · Thomas W. Beasley · Nasdaq · Vanderbilt University Law School · +1 | confirmed | |
| 1985-05-01 | Carl Icahn TWA Hostile Takeover - Asset Stripping Blueprint Carl Icahn · Trans World Airlines · American Airlines | confirmed | |
| 1985-01-01 | Carl Icahn Phillips Petroleum Hostile Takeover Attempt Carl Icahn · Phillips Petroleum · Michael Milken · Drexel Burnham Lambert | confirmed | |
| 1985-01-01 | Ronald Perelman Receives $750 Million Drexel Blind Pool for Corporate Acquisitions Ronald Perelman · Michael Milken · Drexel Burnham Lambert | confirmed | |
| 1984-03-01 | Empire Savings Failure Exposes Land Flip Fraud Networks Empire Savings · Edwin Gray · Federal Home Loan Bank Board · Texas Real Estate Networks · +2 | confirmed | |
| 1984-02-01 | Charles Keating Purchases Lincoln S&L: Systematic Fraud Network Charles Keating · American Continental Corporation · Lincoln Savings and Loan · Keating Five Senators · +1 | confirmed | |
| 1984-01-01 | ALEC Corporate Membership Explodes as Major Corporations Overwhelm Organization with Requests for Legislative Access American Legislative Exchange Council · Kathleen Teague · Edison Electric Institute · Procter & Gamble · +6 | confirmed | |
| 1983-04-26 | A Nation at Risk Report Launches Education Reform Industry, Lays Groundwork for Privatization National Commission on Excellence in Education · Secretary of Education Terrel Bell · Ronald Reagan · Heritage Foundation | confirmed | |
| 1982-11-17 | SEC Adopts Rule 10b-18, Legalizing Stock Buybacks and Creating Major Wealth Extraction Mechanism Securities and Exchange Commission · John Shad · Ronald Reagan | confirmed | |
| 1982-10-15 | Reagan Signs Garn-St Germain Act: Massive Thrift Deregulation Ronald Reagan · Jake Garn (R-UT) · Fernand St Germain (D-RI) · Chuck Schumer · +3 | confirmed | |
| 1982-01-01 | Reagan Deficit Explosion: National Debt Triples From $1T to $3T in Eight Years Ronald Reagan · U.S. Congress · Office of Management and Budget · Department of the Treasury | confirmed | |
| 1981-04-01 | Epstein leaves Bear Stearns amid SEC insider trading investigation Jeffrey Epstein · Bear Stearns · Securities and Exchange Commission · Edgar Bronfman · +1 | confirmed | |
| 1981-04-01 | Jack Welch Becomes GE CEO, Launches 'Shareholder Value' Era and Mass Layoffs Jack Welch · General Electric | confirmed | |
| 1981-01-28 | Reagan Appoints James Watt as Interior Secretary - Oil Industry Capture Ronald Reagan · James Watt · Mountain States Legal Foundation · Coors Company · +1 | confirmed | |
| 1981-01-01 | Corporate Tax Avoidance Explosion: Reagan Loopholes Slash Corporate Revenue Ronald Reagan · Corporate America · Internal Revenue Service · U.S. Congress | confirmed | |
| 1980-11-05 | Edward Seaga Defeats Michael Manley in Jamaica Election, Immediately Re-Engages IMF Structural Adjustment Edward Seaga · Michael Manley · International Monetary Fund · Jamaica Labour Party · +1 | confirmed | |
| 1980-01-01 | Banking Industry Launches Systematic Campaign to Erode Glass-Steagall Act Major commercial banks · Banking lobbyists · Federal regulators · Academic economists · +2 | confirmed | |
| 1979-12-27 | Soviet Afghanistan Invasion Positions BCCI for CIA Covert Operations Expansion Central Intelligence Agency · ISI Pakistan · General Zia ul-Haq · BCCI · +2 | confirmed | |
| 1979-10-06 | Volcker Shock - Federal Reserve Raises Rates to 20%, Recession Begins Paul Volcker · Jimmy Carter | confirmed | |
| 1978-11-09 | Natural Gas Policy Act Begins Energy Sector Deregulation Jimmy Carter | confirmed | |
| 1978-11-07 | Business Roundtable Coordinates First Major Corporate PAC Election Strategy Business Roundtable · Reginald Jones · Corporate PAC Committee · Republican Party | confirmed | |
| 1978-10-24 | Carter Signs Airline Deregulation Act, Neoliberal Turn Begins Jimmy Carter · Alfred Kahn · Edward Kennedy · Stephen Breyer | confirmed | |
| 1978-06-06 | Proposition 13 Passes, California Tax Revolt Spreads Nationally Howard Jarvis · Paul Gann | confirmed | |
| 1978-04-26 | Powell delivers Bellotti decision establishing corporate First Amendment rights Lewis F. Powell Jr. · Supreme Court of the United States · First National Bank of Boston · Francis X. Bellotti · +1 | confirmed | |
| 1978-01-01 | Clark Clifford and Robert Altman Begin Representing BCCI in US Operations Clark Clifford · Robert Altman · Bert Lance · Agha Hasan Abedi · +1 | confirmed | |
| 1977-10-12 | Community Reinvestment Act Passed to Combat Redlining, Banking Industry Resists President Jimmy Carter · Senator William Proxmire · American Bankers Association · Federal Reserve · +2 | confirmed | |
| 1977-01-01 | BCCI Establishes Partnership with Pakistan's Zia ul-Haq Military Regime General Zia ul-Haq · Agha Hasan Abedi · Pakistan military · BCCI Pakistan operations · +1 | confirmed | |
| 1977-01-01 | Jack Kemp and William Roth Introduce Tax Cut Bill, Translating Supply-Side Theory to Legislation Jack Kemp · William Roth · Arthur Laffer · Jude Wanniski | confirmed | |
| 1976-01-01 | Richard Mellon Scaife Becomes Heritage Foundation's Primary Donor Richard Mellon Scaife · Heritage Foundation · Scaife Family Charitable Trust · Joseph Coors · +1 | confirmed | |
| 1975-10-29 | Ford Refuses NYC Bailout, "Drop Dead" Headline, Austerity Era Begins Gerald Ford · William Simon · Alan Greenspan · Donald Rumsfeld · +2 | confirmed | |
| 1975-01-01 | ALEC Registers as Federal Nonprofit and Moves to Washington D.C. American Legislative Exchange Council · Paul Weyrich · American Conservative Union | confirmed | |
| 1974-12-01 | Arthur Laffer Sketches Curve on Napkin with Rumsfeld and Cheney, Creating Supply-Side Icon Arthur Laffer · Jude Wanniski · Donald Rumsfeld · Dick Cheney | confirmed | |
| 1974-07-01 | William Simon Establishes Petrodollar Recycling System William Simon · Ahmed Zaki Yamani · Richard Nixon · King Faisal · +3 | confirmed | |
| 1974-06-08 | US-Saudi Economic Commission Agreement Signed Henry Kissinger · Prince Fahd bin Abdulaziz · Richard Nixon · Saudi Arabia · +2 | confirmed | |
| 1973-12-29 | HMO Act Enables For-Profit Healthcare Expansion Richard Nixon · John Ehrlichman · Edward Kennedy · Edgar Kaiser | confirmed | |
| 1973-10-01 | Trilateral Commission Founded by David Rockefeller David Rockefeller · Zbigniew Brzezinski · Jimmy Carter · Chase Manhattan Bank · +1 | confirmed | |
| 1973-09-11 | Chicago Boys Initiate Radical Economic Shock Therapy Under Pinochet's Dictatorship Milton Friedman · Arnold Harberger · Augusto Pinochet · The Chicago Boys · +1 | confirmed | |
| 1973-09-01 | ALEC Organizational Profile: Corporate Vote-Buying Mechanism Disguised as Legislative Council American Legislative Exchange Council · Paul Weyrich · Henry Hyde · Lou Barnett · +1 | confirmed | |
| 1973-01-01 | BCCI Begins Rapid International Expansion Strategy with 19 Branches Across Five Countries Agha Hasan Abedi · BCCI management · Swaleh Naqvi · international regulators | confirmed | |
| 1972-09-01 | BCCI Founded with Bank of America Partnership and Regulatory Evasion Structure Agha Hasan Abedi · Bank of America · Sheikh Zayed bin Sultan Al Nahyan · Abu Dhabi · +2 | confirmed | |
| 1972-03-30 | Omaha Sun Exposes Boys Town's $209 Million Secret Fortune While Claiming Poverty in Fundraising Appeals Boys Town · Warren Buffett · Paul Williams · Stanford Lipsey · +2 | confirmed | |
| 1972-03-01 | Bank of Credit and Commerce International (BCCI) Founded Agha Hasan Abedi · Sheikh Zayed bin Sultan Al Nahyan · Bank of America | confirmed | |
| 1972-01-01 | Jules Kroll founds innovative private intelligence firm Kroll Associates Jules Kroll · Kroll Associates · Central Intelligence Agency · Federal Bureau of Investigation · +2 | confirmed | |
| 1971-08-15 | Nixon Ends Gold Standard, Bretton Woods System Collapses Richard Nixon · John Connally · Paul Volcker · Arthur Burns | confirmed | |
| 1967-07-23 | Detroit Riots Accelerate Pre-Existing White Flight and Corporate Urban Disinvestment Pattern Creating Decades of Economic Decline Detroit Police Department · Michigan National Guard · Insurance Industry · Corporate interests · +1 | confirmed | |
| 1964-11-03 | AEI Faces IRS Investigation After Baroody's Control of Goldwater Campaign William J. Baroody Sr. · American Enterprise Institute · Barry Goldwater · Wright Patman · +3 | confirmed | |
| 1944-07-01 | Bretton Woods Conference Establishes Dollar Hegemony Through IMF and World Bank U.S. Treasury · Harry Dexter White · John Maynard Keynes · International Monetary Fund · +1 | confirmed | |
| 1940-10-08 | Excess Profits Tax Passed with Corporate Lobbying Loopholes U.S. Congress · Franklin D. Roosevelt · U.S. Treasury Department · National Association of Manufacturers · +1 | confirmed | |
| 1937-05-01 | Roosevelt Recession Begins After Conservative Treasury Secretary Persuades FDR to Cut Spending 17 Percent Franklin D. Roosevelt · Henry Morgenthau Jr. · Federal Reserve · U.S. Treasury Department · +2 | confirmed | |
| 1935-09-08 | Huey Long Assassinated, Ending "Share Our Wealth" Challenge to Both Corporate Power and New Deal Moderation Huey Long · Carl Weiss · Franklin D. Roosevelt · Share Our Wealth Society · +1 | confirmed | |
| 1935-08-30 | Revenue Act of 1935 Enacts "Wealth Tax" on Highest Incomes Franklin D. Roosevelt · John D. Rockefeller · Business community · Democratic Party | confirmed | |
| 1935-08-23 | Banking Act of 1935 Restructures Federal Reserve, Reduces Wall Street Influence Over Monetary Policy Franklin D. Roosevelt · Marriner Eccles · Carter Glass · U.S. Congress · +2 | confirmed | |
| 1935-08-14 | Social Security Act Creates Federal Retirement and Unemployment Insurance System Over Business Opposition Franklin D. Roosevelt · Frances Perkins · U.S. Congress · American Liberty League · +2 | confirmed |