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Oil Price, Bank Failures, and Madoff Effects.

For a list of other timelines.View

Bernie Madoff self-exposed his crimes Dec 2008, and the SEC's public roasting. Bank regulators feared the same.

  • Quartz Mountain Aerospace (QMA) Altus OK, like Altus Venture are subsidiaries of First State Bank Altus OK.
  • Oklahoma Tax Commission (OTC).
  • Gross Production (GP) Tax Refunds.
  • $2.12 billion. Oklahoma Authorities Stole Federal Stimulus & Draining Rainy Day to cover-up. View



Oil Price, Bank Failures, and Madoff Effects.
  • Most drastic drop in oil price history. 70% drop Jun to Nov 2008. Effect on gross production tax revenue. Impacted tax revenue theft and cover-up.
  • Madoff scam self-exposed and SEC's public thrashing. Bank regulators didn't want any of that.
  • Bank Failures: FDIC trying to hold back rash of bank failures.

Most drastic drop in oil price history. 70% drop Jun to Nov 2008 effect on tax revenue theft.

Source: http://www.fedprimerate.com/crude-oil-price-history.htm


Bank Failures Reported by Quarter

Source: https://www.fdic.gov/

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