November 1, 2007 (LPAC)--The Wall Street Journal, now run by British operative Rupert Murdoch, today levelled a page-one blast at Bear Stearns chief executive officer James Cayne, basically characterizing him as a Nero who fiddled while his company burned. The article portrays Cayne as off playing bridge and golf, and smoking dope, during the Bear Stearns hedge fund crisis in July. The issue here is not Cayne, but rather what appears to be a British power play at a major U.S.-domiciled investment bank.

In September, a Bahamas-based British subject named Joe Lewis bought an $860 million stake in Bear Stearns, making him the investment bank's single largest stockholder. Lewis made his fortune as part of the 1992 Anglo-American bankers' raid on the European exchange rate system, where some say he made even more money than George Soros. Bear Stearns itself has a sordid history, with deep connections to the casino business, including being the investment bank for Meyer Lansky's Resorts International, which itself grew out of a British Intelligence operation run from the Bahamas.

Now we have Rupert Murdoch, the British imperial propaganda specialist, using his recently acquired Wall Street Journal in what appears to be an effort to oust or pressure Cayne. This occurs at the same time that Merrill Lynch head Stan O'Neal has been dumped; heading the committee to select O'Neal's replacement is Merrill Lynch director Alberto Cribiore, an Italian banker who was developed in the 1970s under the wing of Lazard Synarchist Andre Meyer. The Brits are on the move.