QResear.ch

#7475330 at 2019-12-10 22:30:41 (UTC+1)
Q Research General #9561: One for the Barr!! Edition

>>7475024, >>7475085 lb Biden/Seneca/ Hirsch/ Seneca Capital

Seneca Capital's Douglas Hirsch dig and associates-All related to GMAC LLC

Lenard Tessler MD - Cerberus Capital Management, LP - GMAC LLC
Lenard B. Tessler Managing Director Cerberus. Mr. Tessler joined the Cerberus Companies in 2001. Prior to joining the Cerberus Companies Mr. Tessler served as managing partner of TGV Partners a private equity firm that he founded. Mr. Tessler served as Chairman of the Board of Empire Kosher Poultry Inc. from 1994 to 1997 after acting as its President and Chief Executive Officer from 1992 to 1994. Before founding TGV Partners Mr. Tessler was a founding partner of Levine Tessler Leichtman & Co. a leveraged buy-out firm formed in 1987. From 1982 to 1987 he was a founder director and Executive Vice President of Walker Energy Partners and he subsequently acted as an independent financial consultant to financially troubled companies in the oil and gas industry. Prior thereto Mr. Tessler practiced accounting in New York specializing in tax. Mr. Tessler is a 1973 graduate of the University of Miami. He received his MBA in 1975 from Farleigh Dickinson University.
http://walkersresearch.com/profilePages/Show_Executive_Title/Executiveprofile/L/Lenard_B_Tessler_100020943.html

Eric Feldstein CFO of NY Life
https://www.linkedin.com/in/EricFeldstein1

J. Ezra Merkin- Bernie Madoff connections.
Non-Executive Chairaman of GMAC (until 2008) one of his funds in Gabriel Capital LP, his $5 billion group of hedge funds became insolvent because a large portion of its assets was invested with the convicted Ponzi scheme operator Bernard Madoff. The fallout from his investment with Madoff has been extensive. He navigated a series of lawsuits without a finding of fraud or knowledge of the scheme, but agreed to repay any fees earned from the investment in Madoff historically. He had to resign a series of positions including his role as Non-executive Chairman of GMAC
He is the son of prominent businessman Hermann Merkin and Ursula Merkin (née Ursula Sara Breuer), both German-born Orthodox Jews who fled Germany prior to World War II to escape Nazism. Merkin's sister is Daphne Merkin, a writer.
From 1979 to 1982, he worked for the law firm Milbank Tweed. He worked at Halcyon Investments from 1982 to 1985. He moved on to Halcyon, a hedge fund run by Alan B. Slifka, his father's friend. There he met Joel Greenblatt, who founded Gotham Capital in 1985, where Merkin worked until 1988, as an analyst and a managing partner in Gotham Capital LP and Ariel Capital LP.

In 1988, he started Gabriel Capital to raise capital, and funnel it to managers in exchange for a fee. By 1992, Merkin was raising money and co-managing securities with and for Stephen A. Feinberg, a manager whose private-equity firm Cerberus Capital Management, later bought controlling shares in Chrysler (80%) and GMAC (51%, at a cost of $6.4 billion), the financing arm of General Motors. Merkin invested his funds into Cerberus and its portfolio companies. His Gabriel fund invested $79 million in Chrysler, $66 million in GMAC, and $67 million in Cerberus partnerships, according to year-end statements. Although Cerberus lost its controlling stake in Chrysler, ultimately, investors in Chrysler and GMC received more than their investment back in proceeds.
In 2005, Cerberus and Gabriel bought a 9.9% combined interest in Bank Leumi, but in April 2009, decided to sell to boost liquidity due to their substantial financial losses in 2008.

Merkin managed Ascot Partners LP, a hedge fund which was valued at $1.8 billion prior to the collapse of Bernard L. Madoff Investment Securities LLC
https://en.wikipedia.org/wiki/J._Ezra_Merkin

GMAC was spit out of the GM bankruptcy as Ally Bank.

April 2009
Financier(Ezra Merkin) Charged In Madoff Fraud
https://www.wsj.com/articles/SB123903070566093099


Cap #3
How the Madoff Scandal Affects the Art World
Art collector and money manager J. Ezra Merkin had invested more than $2 billion with Madoff, both through his own hedge funds and on behalf of such institutions as Bard College, New York Law School, New York University, and Yeshiva University, according to a list of alleged victims published in the Wall Street Journal. Merkin and his funds are currently the objects of several lawsuits, including one filed by New York Law School, which lost an estimated $3 million, alleging "recklessness, gross negligence and breach of fiduciary duties."
https://www.artnews.com/art-news/news/how-the-madoff-scandal-affects-the-art-world-1257/

sorry for the mess here.