26 May 2011 - Updated 5 March 2014

Contact: Stephen M. Apatow
Founder, Director of Research & Development
Humanitarian Resource Institute (UN:NGO:DESA)
Humanitarian University Consortium Graduate Studies
Center for Medicine, Veterinary Medicine & Law
Phone: 203-668-0282
Email: s.m.apatow@humanitarian.net
Internet: www.humanitarian.net

H-II OPSEC
Url: www.H-II.org




HRI: Appeal to International Bar Association - Tools for Restructure

Stephen Michael Apatow, [1] founder of Humanitarian Resource Institute and International Disaster Information Network [2] has submitted a request to the International Bar Association for tools to assist restructure in 193 UN member countries, debt relief proportional to damages caused by unregulated market activities and interrelated financial crimes during the 1999-2011 time period. [3] Apatow emphasizes:

"It is critical that world leaders focus on long term solution oriented objectives that will address the humanitarian emergency, oil shock and food crisis that continues to devastate every UN member country."

As noted in discussions associated with the Academy Award: Best Documentary Film in 2010 "Inside Job," [4] and HBO docudrama "Too Big To Fail," [5] was the concept of "Too Difficult To Understand."  This is why the root cause of the financial crisis must be identified and targeted to prevent our next crisis, that could technically come today, with the right trigger or shock.

See: Credit Default Swaps: Economic Crisis Contingency Discussions: June 2011.

Root Cause:  The wall erected or legal barrier established by the Banking Act of 1933 or Glass-Steagall Act that separated FDIC insured banks and Wall Street investment banks was repealed in 1999. This provided access of low interest central bank lending facilities to investment banks, (funding speculative trading of stocks, commodities, etc.), that was only accessible to FDIC insured banks.  

Note:  This coincidentally occurred in conjunction with the most significant technological challenge to face humanity, known as the Year 2000 Conversion (Y2K). [6] This global event required a global liquidity infusion by central banks, to assist 192 countries with remediation. Stephen M. Apatow, founder, director of research and development for the Humanitarian Resource Institute has been working with global infrastructure analysis and contingency planning since 1999.  In cooperation with FEMA, the Humanitarian Resource Institute established the International Disaster Information Network (IDIN)  to assist global preparedness initiatives associated with Y2K.

Secondary Factor:  Deregulation of the OTC derivatives market and shadow banking system, that was used to fuel the speculative trading of the investment banks.  This was accomplished through the "Commodity Futures Modernization Act of 2000."  This allowed the unregulated shadow banking system, leveraged by investment banks, that now had access to central bank lending facilities (normally available only to FDIC insured banks), expansion to $1.4 Quadrillion or $1,400 Trillion in 2006. [7]  This represents the size and scope of unregulated distortions in the global financial system, that are now the target of OTC derivatives fraud and financial crimes investigations across the globe.

Why are the Banks still considered Too Big To Fail?

Because the investment banks have been allowed to remain connected to the FDIC insured commercial banks, extending the risk of the investment banking activities, that include the unregulated OTC derivatives market and shadow banking system, to the FDIC insured banks.

What are the solutions that can stabilize the U.S. and global financial system?

1. FDIC insured commercial banks must be separated from the investment banks, so that all legitimate FDIC insured banking activities, are no longer placed at risk. In 2011, this brings us back to the same solution, to the same crisis, that followed the 1929 market crash.... The Banking Act of 1933 or Glass-Steagall Act that separated the FDIC insured commercial banks from the investment banks.

2. All OTC derivatives in the shadow banking system must have 100% oversight by the appropriate regulatory agencies.  

In deepest appreciation of Film Arts Integration Into Education, supported by the United Nations Arts Initiative, [8] that has helped facilitate these crucial efforts to protect our life savings and futures of our children.

References:

1. Leadership Development: Achieving The Impossible: Humanitarian Resource Institute.
2. International Disaster Information Network (IDIN): Humanitarian Resource Institute.       
3. Timeline: Decade From Hell: Humanitarian Resource Institute, Updated 17 July 2013.
4. Inside Job - Prosecution for Financial Crimes Top Priority - FINCEN - Interpol - IBA: HRI-ICC: Humanitarian Resource Institute, 19 April 2011.
5. Too Big to Fail: HBO Documentary.
6. Year 2000 Conversion: Global Infrastructure Analysis and Contingency Planning: Humanitarian Resource Institute.
7. Remarks by Jill Considine: At the joint European Central Bank/Federal Reserve Bank of Chicago Conference on “Issues Related to Central Counterparty Clearing” Frankfurt, Germany, April 4, 2006.
8. United Nations Arts Initiative: Humanitarian Resource Institute.