Understanding the Jean Keating Workshop form requires delving into a complex realm where legal and financial principles intersect with the operations of the judicial and penal systems. First introduced on November 30, 2004, the form is a comprehensive examination of how courts apply statutory law in a manner analogous to commercial transactions. It hinges on the concept of statutes being regarded as bonds—a viewpoint supported by definitions from Black's Law Dictionary and insights into historical legal instruments like Statute Merchant and Statute Staple. Furthermore, it explores the procedural dynamics within courtrooms, highlighting the commercial nature of legal actions and the critical roles played by various parties in the process, such as the Grand Jury Foreman and the Defendant. The document also navigates through the intricacies of financial instruments, bringing to light how debts are managed and discharged within the legal framework. A particularly enlightening section discusses the accrual accounting method, emphasizing the significance of principal, revenue, and the balance between assets and liabilities. Moreover, the form sheds light on the privatization of prison systems in the United States, revealing the economic motivations behind the Corrections Corporation of America and its impact on the stock market. By examining the financial underpinnings of prison management and the broader implications for societal justice and economic policies, the Jean Keating Workshop form serves as a vital resource for those seeking to understand the fusion of legal practices with commercial and financial strategies.
Question | Answer |
---|---|
Form Name | Jean Keating Workshop |
Form Length | 25 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 6 min 15 sec |
Other names | jean keating treatise pdf, jean keating prison treatise, jean keating class, jean keating forms to file |
JEAN KEATING'S PRISON TREATISE |
JEAN KEATING'S PRISON TREATISE
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JEAN KEATING'S PRISON TREATISE
November 30, 2004
The courts are operating under Statute Law. A "Statute" is defined in Black's Law Dictionary, Fourth Edition revised as a kind of bond or obligation of record, being an abbreviation for "statute merchant" or "statute staple".
Statute Staple = A 1353 statute establishing procedure for settling disputes among merchants who traded in staple towns. The statute helped merchants receive swift judgment for debt. Cf. STATUTE MERCHANT. 2. A bond for commercial debt. A statute staple gave the lender a possessory right in the land of a debtor who failed to repay a loan. See STAPLE.
"A popular form of security after 1285 . . . was the . . . 'statute staple' - whereby the borrower could by means of a registered contract charge his land and goods without giving up possession; if he failed to pay, the lender became a tenant of the land until satisfied . . . the borrower under a statue or recognizance remained in possession of his land, and it later became a common practice under the
Recognizance = A bond or obligation of record binding a person to some act as to appear in court and subject to forfeit money if obligation is not fulfilled. Fifa = Fifa, short for the Latin phrase fieri facias ("let it be made . . .") was a court (execution) to the sheriff to levy on ([a] Take of) the property of a debtor in order to satisfy a judgment (see judgment and execution dockets, above). The sheriff might typically keep track of fifas in a Sheriff's Fifa Docket Book. Usually written on a
I have been doing more research on our prison system via the internet and have found out some interesting things, regarding what is really going on in the courtroom. The court is looking for an acceptance and acceptor under
(a)Presentment for acceptance is necessary to charge the drawer and endorsers of a draft where the draft so provides, or is payable elsewhere than at the residence or place of business of the Drawee, or its date of payment depends upon such presentment. The holder may at his option present for acceptance any other draft payable at a stated date;
(b)Presentment for payment is necessary to charge any endorser;
(c)in the case of any drawer, the acceptor of a draft payable at a bank or the maker of a note payable at a bank, presentment for payment is necessary, but failure to make presentment discharges such drawer, acceptor or maker only as stated in section
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If you don't accept the charge or presentment you are in dishonor for non acceptance under
You are the fiduciary trustee of the straw man which is a Cesti Que Trust; in this capacity you have the responsibility to discharge all his debts, by operation of law. You are also the principal or asset holder on the private side of the accounting ledger; you are holding the exemption necessary to discharge the debt. When they monetize debt they must have a principal, capital and interest is what circulates as principal and is called revenue or
Corporations work on the Fiscal Accounting Cycle because they operate using commercial debt, we as owner principal's work on the General Calendar Accounting Year or Cycle. New York City has a $
6.6billion dollar deficit, this deficit represents unredeemed debt on the credit side of the accrual accounting system and cannot be executed to the debit side of accrual accounting ledger, except through the principal's exemption. New York has therefore put its bond underwriting business up for bid. This means that New York will issue $ 6.6 billion in bonds and pay underwriters over $30 million in fees in the next fiscal year alone. Lehman Brothers Bank will underwrite New York's $ 6.6 billion dollar deficit. An underwriter is an Insurer or one who buys stock from the issuer with an intent to resell it to the public or an entity or person, especially an investment banker, who guarantees the sale of newly issued securities by purchasing all or part of the shares for resale to the public.
The Corrections Corporation of America owns most of your prison systems and sells its stock and shares on the New York Stock Exchange, the major stock holder is the Paine Webber Group. They have a Dunn Bradstreet rating and are headquartered in Nashville, Tennessee at 10 Burton Hills Blvd and can be reached at
CCA later merged into PRISON REALTY TRUST, a Real Estate Investment Trust that is exempt from corporate taxes if it meets certain conditions. This was a $4 Billion Transaction; companies acquire U.S. Corrections Corporation. One important condition is that it distribute 95% of its income to shareholders, a provision making REITs attractive to investors. Prison Realty Trust failed to meet those conditions of cash flow problems; it posted a $62,000,000 loss for 1999 and was in default on the terms of its credit facility. Wall Street was unimpressed at the company's earlier scheme to issue junk bonds. Investors are angry that PZN lost its REIT status and the related dividend; they are filing class actions suits against Prison Realty Trust for false claims on Securities and Exchange Commission documents. Specifically, they are concerned about the
In April of 2000, company audits expressed doubt about the company's solvency. Shares hit a new 52 week low of 2.12 each, down from the 52 week high of $22.37. In his book the Perpetual Prisoner Machine [see resources], Joel Dyer notes that outside one CCA facility, there is a placard with the words "Yesterday's closing stock price". Imagine the legitimacy and confidence that are lost by people driving by seeing the stock price plummet, or even seeing "Yesterday's Closing Stock Price: $2.12".
Together, CCA and its spin off Prison Realty Trust, lost $265 million: "It's a slim chance, but bankruptcy is a possibility," says an analyst for First Union Securities. Localities that have contracts with the companies are concerned about whether guards will get paid, and how morale or turnover will effect daily operations, including prison security. The private prison was offered a $200,000,000 restricting plan from its current shareholder Pacific Life Insurance Co. The Private prison's largest shareholder, Dreman Value Management, was pleased at the offer: "We always maintained that the (prison) business was great, but this has been a financial engineering disaster."
Shareholder lawsuits still must be settled on satisfactory terms for the deal to be finalized, but the other requirement was met when Lehman Brothers refinanced PZN's $ 1 billion credit line. At the close of business 26 April, the price closed below $3 a share again after briefly hitting $3.50 the previous week. Prices through the first half of may have generally been below $3 a share. On June 7, the stock hit a new low of $2.00 and talks started on financial restructuring to remedy default on credit line. During the next week, stock rose $1 a share on news that their $1 billion credit line is restructured and they receive a $780,000,000 federal contract.
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Instrumental in pulling off this contract was former Federal Bureau of Prisons head J. Michael Quinlan, who is now on the Board of PZN. The Federal Contract, with guaranteed 95% occupancy rate, provided financial resources to reject a restructuring offer from Pacific Life Insurance, but a
Because the stock has lost 75% of its value, two of the executives are leaving, but not without a $1.3 million severance. Of course, there's also been millions in attorney fees, class action lawsuits from shareholders about the merger and management fees for restructuring. Share prices bottomed out at $0.18
On February 23, 2000 Pacific Life Insurance Company submitted to the board of directors of Prison Realty Trust a shareholder based proposal to invest in and restructure Prison Realty Trust (NYSE:PZN). The shareholder proposal would involve additional value, less dilution and potentially higher returns for existing shareholders of Prison Realty Trust, than the agreement Prison Realty Trust currently has with Fortress Investment Group LLC, the Blackstone Group and Bank of America. Fortress Investment Group is a global alternative investment and asset management firm founded in 1998 with approximately $11 billion in equity capitol. They are located at 1251 Avenue of the Americas 16th floor New York, NY 10020
Fortress on November 15, 2004 merged with Stelmar Shipping Ltd. Stelmar is an international provider of petroleum products and crude oil transportation services and is Headquartered in Athens, Greece. Stelmar operates one of the world's largest and most modern Handymax and Panamax tanker fleets with an average age of approximately six years. Stelmar's 40 vessel fleet consists of 24 Handymax, 13 Panamax and three Aframax tankers.
The Blackstone group is a private investment banking firm and describes itself as a leading global investment and advisory firm. The Blackstone Group was founded in 1985 by a group of four, including Peter G. Peterson and Stephen A. Schwarzman.
The Blackstone Group has ties to American International Group Inc. (AIG) and Kissinger Associates, Inc./Henry Kissinger. According to the Blackstone website, AIG acquired a 7 %
Blackstone has developed strategic alliances with some of the largest and most sophisticated international financial institutions. In addition to AIG, they include Kissinger Associates, Roland Berger Partner, GmbH, and Scandinaviska Enskilda Banken," the website states [1] (http://www.blackstone.com/company/bst_group.html).
The company's Blackstone Alternative Asset Management unit handles $1 billion in hedge funds for pension giant CalPERS.
John Kerry Forbes 2004 campaign 'advisor' Roger C. Altman was Vice Chairman of the Blackstone Group from 1987 through 1992 "where he led the firm's merger advisory business."
In December 2001, the Blackstone Group was appointed as Enron's principal financial advisor with regard to financial restructuring.
The Blackstone Group is also handling the restructuring of Global Crossing. The Blackstone Group is located at 345 Park Avenue New York, NY 10154 USA Phone; +1 212 583 5000 Fax: +1 212 583 5712. London location is the Blackstone Group International Limited, Stirling Square,
In October 2004, Kissinger Associates and APCO Worldwide announced that they had formed "a strategic alliance". APCO Worldwide is located at 1615 L St. N.W., # 900, Washington, D.C. phone #
Kissinger Associates is located at 350 Park Avenue, New York. Other groups associated with
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Kissinger are Kissinger McLarty Associates,
Pacific Life, a long term investor, beneficially owns approximately 4.5 million shares of Prison Realty Trust. The shareholder proposal by Pacific Life provides for additional value in the form of Series C Preferred Stock (approximately $2.20 per share) to be distributed to existing shareholders, and potentially higher future returns, along with generating between $45 to $123 million in additional cash flow to Prison Realty Trust. Pacific Life was founded in 1868 and provides life and health insurance products, individual annuities and group employee benefits, and offers to individuals, businesses and pension plans a variety of investment products and services. The pacific life family of companies manages $300 billion in assets, making it one of the largest financial institutions in America, and currently counts 65 of the 100 largest U.S. companies as clients. Pacific Life Insurance Company is a member of the fortune 500 group.
The Prison Realty Trust [PZN], which is a real estate investment trust [REIT] and is the world's largest private sector owner and developer. A REIT is a company that buys, develops, manages and sells real estate assets, REIT's allows participants to invest in a professionally managed portfolio of real estate properties, REIT's qualify as pass through entities, companies who are able distribute the majority of income cash flows to investors without taxation at the corporate level (providing that certain conditions are met). As pass through entities, whose main function is to pass profits on to investors, a REIT's business activities are generally restricted to generation of property rental income. Another major advantage of REIT investment is its liquidity (ease of liquidation of assets into cash), as compared to traditional private real estate ownership which are not very easy to liquidate. One reason for the liquid nature of REIT investments is that its shares are primarily trad
The origins of the real estate investment trust, or REIT (pronounced "reet") date back to the 1880s. At that time, investors could avoid double taxation because trusts were not taxed at the corporate level if income was distributed to beneficiaries. This tax advantage, however, was reversed in the 1930s, and all passive investments were taxed first at the corporate level and later taxed as a part of individual incomes. Unlike stock and bond investment companies, REIT's were unable to secure legislation to overturn the 1930 decision until 30 years later. Following WWII, the demand for real estate funds skyrocketed and President Eisenhower signed the 1960 real estate investment trust tax provision which reestablished the special tax considerations qualifying REIT's as pass through entities (thus eliminating the double taxation). This law has remained relatively intact with minor improvements since its inception.
REIT investment increased throughout the 1980s with the elimination of certain real estate tax shelters. Investments in real estate provided investors with income and appreciation. The Tax Reform Act of 1986 allowed REIT's to manage their properties directly, and in 1993 REIT investment barriers to pension funds were eliminated. This trend of reforms continued to increase the interest in and value of REIT investment.
Today, there are over 300 publicly traded REIT's operating in the United States their assets total over $300 billion. Approximately
REIT's fall into three broad categories:
Equity REIT's: (96.1%)
Equity REITS invest and own properties (thus responsible for the equity or value of their real estate assets). Their revenues come principally from their property rents.
Mortgage REITs: (1.6%)
Mortgage REITs deal in investment and ownership of property mortgages. These REITs loan money for mortgages to owners of real estate, or invest in (purchase) existing mortgages or mortgage backed securities. Their revenues are generated primarily by the interest that they earn on the mortgage loans.
Hybrid REITs: (2.3%)
Hybrid REITs combine the investment strategies of Equity REITs and Mortgage REITs by investing in both properties and mortgages.
Individual REITs are able to distinguish themselves by specialization. REITs may focus their investments geographically (by region, state, or metropolitan area), or in property types (such as retail properties, industrial facilities, office buildings, apartments or healthcare facilities). Certain REITs
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choose a broader focus, investing in a variety of types of property and mortgage assets across a wider spectrum of locations.
The current REIT industry's investment choices can be broken down by property:
Retail 20%
Residential 21.0%
Industrial/Office 33.1%
Specialty 2.3 %
Health Care 3.8%
Self Storage 3.6%
Diversified 8.5%
Mortgage Backed 1.5%
Lodging/Resort 6.1%
Federal Prison Industries, also known by its trade name UNICOR, founded in 1934, is operated by the Department of Justice (DOJ) and is a wholly owned government corporation which employs 25 percent of the Federal Bureau of Prisons' sentenced inmate population. Unicor is a supplier to the military during the current war in Iraq.
The government has also created the Prison Industrial Complex, which is composed of the following Agencies:
Biometric Consortium
border Research and Technology Center (BRTC)
Bureau of Alcohol, Tobacco, and Firearms (BATF)
Corrections Program Office (CPO)
Counter drug Technology Assessment Center (CTAC)
Drug Enforcement Administration (DEA)
Federal Bureau of Prisons (FBP)
Federal Prison Industries (operated by DOJ); also known as UNICOR
Immigration and Naturalization Service
National Institute of Corrections (NIC)
National Institute of Justice (NIJ)
National Law Enforcement and Corrections Technology Center (NLECTC)
National Technical Information Service (NTIS)
Office of Correctional Education (OVAE)
Office of Drug Control Policy (ODCP)
Office of Law Enforcement Standards (OLES)
Office of Law Enforcement Technology Commercialization (OLETC)
Office of National Drug Control Policy (ONDCP)
Office of Science and Technology (OST)
Space and Naval Warfare Systems Center, San Diego (Navy SSC San Diego)
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Southwest border High Intensity Drug Trafficking Area (HIDTA)
UNICOR
U.S. Customs Service
U.S. Department of Defense (DOD) / Biometric Management Office (BMO)
U.S. Department of Homeland Security / border and Transportation Security Directorate (BTS) U.S. Department of Justice (DOJ)
U.S. Parole Commission
BI Inc. (Biometric Systems)
The [Biometric Foundation] Bobby Ross Group Capital Correction Resources Cornell Corrections correctionalnews.com corrections.com
Corrections Corporation of America (CCA)
Corrections yellow Pages
Dominion Management
Dove Development Corporation
Earl Warren Legal Institute
Federal Extradition Agency (private)
General Security Service
Government owned/contractor operated
Iridian Technologies, Inc. (formerly IriScan, Inc.)
Juvenile and Jail Facility Management Services
Justice Policy Institute (JPI)
Justice Technology Information Network (JTIN)
Law Enforcement and Corrections Technology Advisory Council (LECTAC) Mace Security Inc.
Management and Training Corporation
Manhattan Institute
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Marriott Management Services
Misuse of labor
National Criminal Justice Commission
National Institute of Corrections (NIC)
Open Society Institute/Center on Crime, Communities and Culture
Premier Detention Services
Printrak (Motorola)
Prison Industries
The Prison Litigation Reform Act (1996)
Prison Realty Trust (merged with Corrections Corporation of America)
Prison telephone service (ATT the Authority; BellSouth MAX, MCI Maximum Security, North American In telecom)
RS Prisoner Transport
Scientific Applications and Research Associates (SARA)
The Sentencing Project
SENTRI/Secured Electronic Network for Travelers' Rapid Inspection
Serco Group, Inc.
Stun Tech Inc.
TRansCor America
Urban Development Corporation
U.S. Corrections Corporation purchased by Corrections Corporation of America Wackenhut Corporation/Wackenhut Corrections
Other Related Disinfopedia Resources
Biometrics
Defense contractors
Eugenics
Federal contractors
Global detention system
Global economy
Globalization
Population control
Prison labor
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Sustainable development
Timeline to global governance
External links
Wikipedia: carceral state
Wikipedia: retribution justice
Wikipedia:
Disinfopedia is an encyclopedia of people, issues and groups shaping the public agenda. It is a project of the Center for Media Democracy; email bob AT Disinfopedia.
American Legislative Exchange Council is owned by Paul Weyrich of the Free Congress Foundation and receives financial support from all of your major corporations. They are the moving force and promoter of the National Council of State Legislatures who privatize criminal statutes for financial gain and profit. They are promoting public policy in regard to prize and capture law under the War Powers Acts. The Reason Foundation is run by David Nott, the president and is a think tank promoting privatization of penal institutions for financial gain they are located at 3415 S. Sepulveda Blvd. Suite 400 Los Angeles California 90034
1.Contracting Out [also called Outsourcing]
2.Management Contracts
3.
4.Franchise
5.Internal Markets
6.Vouchers
7.Commercialization [also referred to as service shedding]
8.Self Help [also referred to as transfer to
9.Volunteers
10.Corporatization
11.Asset Sale or
12.Private Infrastructure Development and Operation
Cornell Corrections Inc. [NYSE:CRN] is chaired by DAVID M. CORNELL and their Company's concept began December 7, 1990, it was a rough business plan, yet the Dillon Read Venture Capitol became there first investor on February 21, 1991. [They are also called Trinity Venture Capital and Shane Reihill is the Chairman and founder.] They built correctional facilities in Plymouth, Massachusetts, the other in Central Falls, Rhode Island. They have grown
Privatization is the transfer of assets or service delivery from the government sector. Prisons are nothing but warehouses for the storage of goods and chattel under commercial law. The Warden is a Bailee or Warehouseman [before the term admiral was used He was called Custos Maris "Warden of the Sea"] [In some ancient records He was called Capitanus Maritimarum or "Captain or Tenant in Chief of the Maritime"] who receives personal property from another as Bailment. The Bailer is one who provides bail as a surety for a criminal defendant's release. Also spelled Bailor. Bailment is the delivery of personal property by one person [the Bailor] to another [the Bailee] who holds the property
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for a certain purpose under an expressed or
Everything is being run under the Law Merchant under U.C.C.
To show how massive this system is ISID plus contains over 500,000 global financial instruments and cross references all major national numbering systems... ISID Plus has been designed to minimize the impact on
I have the Articles of Incorporation of THE ASSOCIATION of NATIONAL NUMBERING AGENCIES or [ANNA SC]. The registered office is located and established at 6, avenue de
The Bank for International Settlements is at the apex of all of the world's central banks, since they control and dictate monetary policy worldwide. In the late 1990's they set up a new structure called the Financial Stability Forum. Which brought together the G 7 Central Bank ministers, G 7 Finance Ministers, their respective Securities and Exchange Commissions, the Comptroller of the Currency and FDIC, along with the IMF and World Bank. This represents a further integration of the economies, policies and movement of monies and investments. Furthermore, in addition to the Central Banks, there is the Group of Eight which is comprised of the heads of state from the United States, Canada, Germany, Japan, Italy, France, Great Britain, and Russia. They have been meeting since 1975 when there were only five countries. Russia is the most recent country to join. They participate fully in every area with the exception of finance where they only participate in financial terrorism. For
Also contributing to the new financial architecture is the rise of
Why is privatizing prisons so appealing to federal, state, and local governments? As the Nation put it:
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"The selling point was simple: Private companies could build and run prisons cheaper that the governments. Unfettered American Capitalism would produce a better fetter, saving
By legal definition, all of your Federal and State "Statutes" are Bonds or Obligations of Record and are represented in the courtroom by the Recognizance Bond, which is a Bond of Record or Obligation for the payment of debt.
A condensed version of what is going on is that the CCA as a corporation, creates or issues stock certificates based on prison population, goods or chattel as they are called in commercial law. The underwriter is the one who buys the stock from the Issuer the CCA with intent to resell it to the public or an entity or person, which is usually an investment banker. The investment banker purchases all or part of the shares of the stock for resale to the public in the form of newly issued investment securities based on the shares of the stock. Brokerage Houses and Insurance Companies Bid on the Investment Securities with a Bid Bond issued by the GSA. The Bid Bond is then indemnified by a surety company through Performance and Payment Bonds. The Bid, Performance, and Payment Bonds are then underwritten by the Banks as Investment Securities for resale to the public. The Institutional Holders who own most of the Shares are:
1.FMR [Fidelity Management Research Corporation 3, 084,024 shares at a value of $109,791,254 dollars.
2.Legg Mason Inc. 1,235,563 shares valued at $43,986,042 dollars.
3.Barclays Bank Pic 1, 041,671 shares valued at $37,083,487.
There are seventeen more corporations owning various amounts of shares at varying dollar values. These can be viewed by going to http://finance.yahoo.com/q/mh?s=CXW.
The Top Insider Rule 144 Holders are:
1.Russell, Joseph V. / 64,450 shares as of
2.Ferguson, John D. / 40,340 shares as of
3.Quinlan, J. Michael / 28,575 shares as of
4.Turner, Jimmy / 13,817 shares as of
5.Horne, John R. / 5,751 shares as of
As you can see by the above information, this system permeates every fabric of our society. This treatise represents about 40 hours of brainstorming. Currently global terrorism is being funded by the prison system and the State's Retirement Fund go to www.DivestTerror.Org this is a 115 page treatise on the Terrorism Investments of the 50 States.
Go to a search engine and type in U.S Courts. Go to court links and click, which shows a map of the circuit courts, click on 7th circuit, a list of the 7th and 8th circuit courts will appear, click on Illinois Northern District Court, then click on Clerk's Office, then go to administrative services, then to Financial Department, you will see Criminal Justice Act, Post Judgment Interest Rates, and list of sureties, click on sureties it will take you to FMS.TREAS.GOV, there on left side you will see sureties listing, admitted reinsurers and forms, click on forms and you will see Reinsurance Agreement for a Miller Act Performance Bond SF 273, and a SF274 Payment Bond and a Reinsurance Agreement in Favor of the United States SF 275 and a list of Admitted Reinsurers, Pools and Associations, and Lloyds' Syndicates, you will also see a list of the Department of the Treasury's Listing of Approved Sureties [Department Circular 570].
U.S. District Courts are buying up the State Court default judgments, when you refuse to pay or dishonor the debt. Contractors and Insurance Companies are bidding on the default judgments with a Bid Bond, then a Reinsurance Company comes in and purchases a Performance Bond as a surety for the Bid Bond. The Performance Bond is then under written by a Payment Bond, this is usually done by an investment company or investment banker. When these Bonds are pooled they become mortgage backed securities or surety bonds. They are then put on the bond market through TBA [The
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