Geithner Confirms Mafia-Linked Berlusconi's Forced Ouster, But Says US Did Not "Have Blood On Our Hands"

Tyler Durden's picture


Silvio Berlusconi - ironically nicknamed "The Teflon Don" - has been found to have done business with the Sicilian Mafia for nearly two decades, according to Italy's Supreme Court of Cassation in Rome. Having attacked the "biased judges" who called his actions "a continuous crime," Berlusconi wriggled out from under this result since the link to the Cosa Nostra was, as The Independent reports, via his conduit and former senator Marcello Dell’Utri who was sentenced to 7 years for mafia association. While this confirms as fact yet another conspiracy theory, the bigger story was the confirmation of a broad-based bloodless coup to ouster the Italian Prime Minister at the peak of the credit crisis. "At one point that fall, a few European officials approached us with a scheme to try to force Italian Prime Minister Silvio Berlusconi out of power," Tim Geithner writes in his new book, and after telling the President about "this surprising invitation," they decided not to get involved (publicly): "We can't have his blood on our hands."


Conpsiracy "Fact" #1: Berlusconi linked to the Mafia

As The Independent reports,

Silvio Berlusconi – Italy’s former Prime Minister and one of the world’s most recognisable politicians – did business with the mafia for nearly two decades.


That is the conclusion of the country’s Supreme Court of Cassation in Rome. The billionaire tycoon, nicknamed the Teflon Don, worked with Cosa Nostra, the Sicilian Mafia, via his conduit and former senator Marcello Dell’Utri after judges sentenced Dell’Utri to seven years for mafia association.


Three-time premier Berlusconi, 77, has always denied rumours that mob links were behind the large and opaquely sourced investments used to kickstart his construction and media businesses in the 1970s and 1980s.


But Supreme Court judges accepted prosecutor Aurelio Galasso’s claim that “for 18 years, from 1974 to 1992, Marcello Dell’Utri was the guarantor of the agreement between Berlusconi and Cosa Nostra”. The verdict confirms the sentence imposed on 72-year-old Dell’Utri by Palermo’s Court of Appeal in March last year.


“In that period of time we’re talking about a continuous crime,” said Mr Galasso. He said the deal between the mafia and Berlusconi, mediated by Dell’Utri, was formed in 1974 and “was implemented voluntarily and knowingly”.




Around 40 former mafia members have given evidence that the Palermo-born politician and businessman was Berlusconi’s key emissary with Cosa Nostra. One high-profile informant, Giovanni “The Pig” Brusca, told judges in Palermo in 2010 that Berlusconi poured as much as 600 million old lire a year (£300,000) into Cosa Nostra’s coffers, which was “tied to his business activities in Sicily”.




Now, following his conviction, Italian authorities will seek Dell’Utri’s extradition from Lebanon, where he fled last month before the Supreme Court ruled on his fate.




It was reported that Dell’Utri had been making use of his time abroad to arrange business deals involving the investment of millions of euros of Berlusconi’s money.

Conspiracy "Fact" #2: Berlusconi ousted by European

As we explained in great detail before...

The chart below is very familiar to anyone who was observing the hourly turmoil in the European bond market in November of 2011, when Italian bonds crashed, when yields soared to record levels, and every downtick of the Euro could have been its last.




What the chart may not show are the dramatic transformations in Italy's government that took place just as the Italian bond spread exploded, which saw the resignation of career-politician Sylvio Berlusconi literally days after yields soared, and the instatement of Goldman technocrat Mario Monti as Italy's next Prime Minister.

And now confirmed by none other than Tim Geithner (via Reuters):

Former Italian prime minister Silvio Berlusconi repeated accusations on Wednesday that he had been forced out of office at the height of the euro zone crisis in 2011 as the result of a plot by European Union officials.


Berlusconi's comments followed the publication of a book by former U.S. treasury secretary Timothy Geithner which suggested that the U.S. government had been asked to help force Berlusconi to resign as the crisis escalated in late 2011.


"At one point that fall, a few European officials approached us with a scheme to try to force Italian Prime Minister Silvio Berlusconi out of power; they wanted us to refuse to support IMF loans to Italy until he was gone," Geithner wrote in his book, "Stress Test: Reflections on Financial Crises", extracts from which appeared in the Italian press this week.


"We told the President about this surprising invitation, but as helpful as it would have been to have better leadership in Europe, we couldn't get involved in a scheme like that," he wrote. "'We can't have his blood on our hands,' I said."




Napolitano issued a statement on Wednesday saying he was unaware of any pressure exerted on Berlusconi, who resigned after a split in the center-right camp left him without a reliable parliamentary majority.


He said Berlusconi's resignation had been offered "freely and responsibly" and that it had been caused solely by "Italian political and parliamentary events".

Most ironic, however, is that the only person who seemed to care about the trampling of the constitution was...  a former comedian.

Whatever one thinks of Mr Berlusconi, serious constitutional questions are raised by the behind-the-scenes manoeuvring that resulted in the appointment of his successor. Perhaps the loudest voice to raise these questions is that of Beppe Grillo, the comedian-turned-politician who garnered 25 per cent of the national vote last year.


Mr Napolitano, an 89-year-old former communist, has reacted with anger at Mr Grillo’s incessant accusations of the subversion of democracy. Mr Grillo has frequently called for Mr Napolitano’s impeachment.

So - in summary - yet more conspiracy theories become fact and for Europe it is now extremely clear that as everyone knows by know, the 99% is the last thing on the mind of the global ruling class.

Because it sure looks like the Italian elites have no fucking clue how to run an economy...

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Wed, 05/14/2014 - 22:46 | 4761488 0b1knob
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At Geithner's pay grade the blood always winds up on somebody else's hands.  You know the one holding the nail gun.

Wed, 05/14/2014 - 23:03 | 4761509 SoberOne
SoberOne's picture

Beppe for prez. Geithner meets guillotine. 

Wed, 05/14/2014 - 23:06 | 4761511 DoChenRollingBearing
DoChenRollingBearing's picture

Well, nobody's perfect.

Thu, 05/15/2014 - 00:43 | 4761657 ACP
ACP's picture

For some strange reason, I don't think tenuous mafia links and bunga-bunga parties and hot, nasty sex with thousands of beautiful women measure up to the willful destruction of the American middle class.

Thu, 05/15/2014 - 12:18 | 4761701 old naughty
old naughty's picture


Thu, 05/15/2014 - 01:47 | 4761702 old naughty
old naughty's picture

It's the DC mafia we're concerned with...Not the Berlusconi's.

Thu, 05/15/2014 - 07:11 | 4761878 UselessEater
UselessEater's picture

because you think they are not connected in any way shape or form?

Thu, 05/15/2014 - 12:19 | 4762920 old naughty
old naughty's picture

you mean they shapeshifted and transformed, no?

Thu, 05/15/2014 - 07:58 | 4761952 BigJim
BigJim's picture

 ...and hot, nasty sex with thousands of beautiful women...

I imagine sex with Berlesconi would be pretty nasty. He really is no oil painting.

Thu, 05/15/2014 - 00:49 | 4761661 EscapingProgress
EscapingProgress's picture

The government is a mafia.

Wed, 05/14/2014 - 23:54 | 4761595 OldPhart
OldPhart's picture

There's hardly any blood...til they hit the sidewalk.

Thu, 05/15/2014 - 05:59 | 4761819 Thom_333
Thom_333's picture

I think that was smart of Geithner. Not advertising what he may or may not have done to destroy a mafia asset. Taking out one of their investmenst may be a risky thing to do. Maybe not now...but later.

Wed, 05/14/2014 - 22:47 | 4761489 Theta_Burn
Theta_Burn's picture

A fiery wreck is probable in this jagoffs future..

Wed, 05/14/2014 - 23:10 | 4761518 knukles
knukles's picture

Would anybody miss him?

Wed, 05/14/2014 - 22:47 | 4761490 Greenskeeper_Carl
Greenskeeper_Carl's picture

At least it was a bloodless coup for once. Most countries aren't so lucky.

Thu, 05/15/2014 - 03:18 | 4761761 CuttingEdge
CuttingEdge's picture

Funny Little Timmy claiming no US involvement...the only thing the US is "exceptional" at these days is regime change.

Wed, 05/14/2014 - 22:48 | 4761492 ebworthen
ebworthen's picture

"Blood of U.S. Taxpayers is o.k., but not a foreign big wig; this is government after all, and we work for the banks."

Wed, 05/14/2014 - 22:48 | 4761494 fonzannoon
fonzannoon's picture

Merkel = Giovanni "The Pig" Brusca

Thu, 05/15/2014 - 00:04 | 4761499 Ignatius
Ignatius's picture

Berlisconi also linked with the Italian fascist P2 Lodge and perhaps Operation Gladio.

Behind great fortunes typically exists great crimes.

Thu, 05/15/2014 - 07:24 | 4761898 UselessEater
UselessEater's picture

Apparently not true (to some) when it comes to Putin. Why? Who really rises to the top and holds it squeaky clean? Deals abound everywhere and the stakes are above small peeps interests being in consideration. Lets find one "leader" who is not promoting MNC/vested/oligarc. interests ahead of small businesses wishing to grow.  Just one.....cause they are potentially free of the "bankster" cult and I'd like to live there.

Thu, 05/15/2014 - 08:19 | 4761907 Mi Naem
Mi Naem's picture

"one "leader" who is not promoting MNC/vested/oligarc. interests...I'd like to live there". 

By the time you were able to move there that "leader" would likely be dead or shamed out of power. 

Wed, 05/14/2014 - 22:53 | 4761501 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

I'd be shocked if any Italian PM didn't have mafia ties. When you get high enough up the food chain over there you can't avoid not doing business with those people in some way, shape or form. It is pretty much mandatory if you don't directly to have someone as conduit instead just so you can get things done without having to deal with problems like strikes during an election for example.

Wed, 05/14/2014 - 23:15 | 4761527 AlaricBalth
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Giulio Andreotti was a scandal-ridden seven-time Italian prime minister who was accused of conspiring with the Mafia in the 1979 killing of a journalist.

Wed, 05/14/2014 - 23:19 | 4761531 Harbanger
Harbanger's picture

Here we call them Unions.  Besides, what bigger mafia is there than the gov.?

Wed, 05/14/2014 - 22:58 | 4761503 williambanzai7
williambanzai7's picture

Don't know how to run a fucking economy...but they know how to fuck...

Fuck the EU!

Wed, 05/14/2014 - 23:08 | 4761516 AlaricBalth
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Don't hold back, WB. Tell us how you really feel.


Thu, 05/15/2014 - 03:31 | 4761769 Ghordius
Ghordius's picture

it's wrong as the article, at many levels. btw, Italy is still one of the top economies on this world, and according some calculations better than the UK, for example. and the "Fuck the EU!" without explanation of what you are hinting at or why is just a reminder of Nuland's phone call

Berlusconi and Grillo are both just bullshitting, when they tell the story of the ousting of Berlusconi_IV_Cabinet

fact is that he lost support in the Italian Parliament, and that's just the way the Italian Constitution works

take the current government of Italy, the Renzi_Cabinet. The parliament that voted it in was elected in 2013 and approved the Letta_Cabinet

but in parliament mood shifted, Letta was thrown out and Renzi sworn in. it's called a parliamentary system. aka "the boss is parliament", and appoints or recalls the cabinet

I don't here anybody crying that Renzi is "unelected"

Thu, 05/15/2014 - 03:37 | 4761772 Ghordius
Ghordius's picture

meanwhile the mafia links are not a conspiracy, they are a fact. yet often misrepresented

fact is that any conservative government in Italy has to include the conservative representatives from the South, or it won't get enough votes and MPs

and the conservative political groups from the South... are riddled with Mafia characters. 'cause they are part of society, there

nothing new under the sun, similar things happened in the US political history several times

Thu, 05/15/2014 - 09:31 | 4762201 falak pema
falak pema's picture

The Visconti and the Sforza have moved south and they don't show their Lombardian regalia and splendor as hidden sons of Lampedusa's  Il Gattopardo; just like their American cousins of Don Corleone family; or their Irish and New England counterparts of Great Gatsby age.

West Egg anyone? 

Wed, 05/14/2014 - 22:57 | 4761504 Occams_Chainsaw
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I can't even come up with something snarky to post since this shit is getting so bad........sigh.

Wed, 05/14/2014 - 23:21 | 4761514 Dr. Engali
Dr. Engali's picture

The US doesn't have blood on its hands? I guess he is technically right since the Squid sees itself above such petty ideas like nation states. Let's see who was Berlusconi's replacement ? Oh yeah..... Super Mario Monti, who by the way, had a lot in common with little Timmy in that they both worked for none other than the Squid.

Thu, 05/15/2014 - 06:34 | 4761591 AlaricBalth
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Monti was also European Chairman of the Trilateral Commission prior to his coronation as PM. The TC could be considered a sinister group of well organized criminals.

Or as Chomsky said, " The Trilateral Commission] was concerned with trying to induce what they called ‘more moderation in democracy’ – turn people back to passivity and obedience so they don’t put so many constraints on state power and so on. In particular they were worried about young people. They were concerned about the institutions responsible for the indoctrination of the young (that’s their phrase), meaning schools, universities, church and so on – they’re not doing their job, [the young are] not being sufficiently indoctrinated. They’re too free to pursue their own initiatives and concerns and you’ve got to control them better."

Wed, 05/14/2014 - 23:20 | 4761533 Idleproc
Idleproc's picture

Libya oil and blood of libyan people.

Thu, 05/15/2014 - 02:03 | 4761708 prains
prains's picture



the MIC, Mafia In Congress, only gets blood on their hands where there's oil or heroine. a bunch of feckless euro's......"fuck the euro's"

(I'm only quoting the MIC, I'm 17th century Euro, was run off for being too poor)

Wed, 05/14/2014 - 23:30 | 4761551 Bunga Bunga
Bunga Bunga's picture

So what? Please tell me, that Americans have no secret connections.

Wed, 05/14/2014 - 23:32 | 4761555 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Exactly what I thought. Berlesconi and Gaddafi were such good friends they shared the same plastic surgeon. I do not have any other source on that statement, saw it on a documentary about the Gaddafi. I wonder if Berlesconi was afraid if he did not resign he would end up like his buddy.

Thu, 05/15/2014 - 00:45 | 4761660 Karaio
Karaio's picture

Berlusconi was only taken because he liked women, not men. 

Was removed because it got "poor" mafia of Sicily (southern Italy - very twinned with the Catholic Church) coma. 

The guy did not like the Euro or the Germans, had support of the French and screwed up (good hand with the NSA, CIA and the rest of it, may believe). 

In short, Italy're in deep shit because Berlusconi tried to free himself, only that. 


Thu, 05/15/2014 - 02:15 | 4761717 TeraByte
TeraByte's picture

Bem, um homem que deseja apenas mulheres nunca é compatível com concenso política de hoje e sua conduta sexual hedonista   produziu a desculpa nominal de se livrar dele.

Thu, 05/15/2014 - 03:10 | 4761751 NuYawkFrankie
NuYawkFrankie's picture

...and because he referred to Frau Merkel as "that unf*ckable, lard-ass, broad"

I'm sure he had a few choice words for the insufferable hags infesting the USSA administration as well

Ergo he must be Mafiosa/


Thu, 05/15/2014 - 00:51 | 4761665 Joe A
Joe A's picture

In Italy you don't go after the mafia, the mafia goes after you.

Anyway, why didn't the US go after him? Too many secrets?

Thu, 05/15/2014 - 01:18 | 4761682 Rodders75
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Thu, 05/15/2014 - 07:27 | 4761902 Mi Naem
Mi Naem's picture


I'm not quite as sure about this one as you seem to be. 

Thu, 05/15/2014 - 01:28 | 4761697 junction
junction's picture

Off topic: "Fifty-five percent of Americans think that they are smarter than the average American, according to a new survey by YouGov, a research organization that uses online polling. In other words, as YouGov cleverly points out, the average American thinks that he or she is smarter than the average American.

A humble 34 percent of citizens say they are about as smart as everyone else, while a dispirited 4 percent say they are less intelligent than most people."

Unanswered in the survey is how smart is the average American.  

Thu, 05/15/2014 - 02:05 | 4761711 prains
prains's picture will remain unanswered, the question is too difficult

Thu, 05/15/2014 - 02:15 | 4761718 TeraByte
TeraByte's picture

Name any Italian government, who didn´t have mafia connections and I light a candle to Nostra Signora. Everyone can see La Piovra in the room, but pretend the Octopus does not exist and it is not Italy alone, where this takes place.

Thu, 05/15/2014 - 07:03 | 4761744 NuYawkFrankie
NuYawkFrankie's picture

Compared to Zio-USSA, the Mafia is a Benevolent Association

And that's a fact.

And, to put the record straight, the original Teflon Don was none other than the late - and some say great - John Gotti (aka the Dapper Don)- who had a nasty habit of keeping his Ozone Park, Queens neighborhood all nice, clean & safe while the rest of NYC was a crime/drug/hooker/gang infested cess-pit.

All the old ladies got free Thanksgiving Day turkeys & Christmas Gift Boxes  and always the best  4th of July fireworks party for the kids... and yes - hotdogs/burgers gratis 

He undercut the NY Lottery scam by taking only 20%, (vs 50% right off the top for the State's take)  and paid cash on the nail - not over 30 freekin years if you didnt wanna be ass-raped for City/State/Fed taxes.  Same with the horses vis a vis that fetid swamp of NY State patronage & corruption, the OTB

For all of these offences against the State he, of course, had to go.

Enter stage left - to get the ball rolling -  bright-eyed & bushy-tailed Mafia Comm, prosecuting attorney - and later self-described 911-Hero, Republican Icon & serial wannabe President - Rudi "Law & Order" Guiliani  - son of convicted felon Harold Guiliani who. for his philanthropic efforts at armed robbery / loan sharking, was sent up the river, for some R&R, to Sing Sing.


Thu, 05/15/2014 - 07:37 | 4761910 Uncle Remus
Uncle Remus's picture

Are you Irish?

Thu, 05/15/2014 - 03:05 | 4761746 Schmuck Raker
Schmuck Raker's picture

Maybe Silvio understood Turbo Tax a bit too much?

Thu, 05/15/2014 - 04:03 | 4761786 supermaxedout
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And now confirmed by none other than Tim Geithner (via Reuters

Conformed by a person nobody with a sane mind would trust even on the most basic things. Geithner is only confirming lies on top of lies as all the rest of the US government does now and then:

See this :

And here why Berlusconi was attacked and Gadaffi was killed by the "Mafia of the World" were Geithner is part of.  If US/UK and France would have not started the war against Libya then Italy would be now in one of the best situations in Europe. A driver of growth and wealth. Buit that is not what the US wants Italy to be. The US wants that Itly stays for ever as an obedient colony, always nodding whatever criminal policy the US does.

Read this article well and do not get  distracted by the stuff about "women" etc.

Both Gadffi and Berlusconi are of course excentric persons but highly intelligent and gifted with many talents. But both are (were) true patriots. Berlusconi was prior to his career as business man and politician for some years a singer,  entertaining passengers on cruise ships.

As far as Gadafi is concerned I advise everyone to listen to his speech at the UN assembly in 2009 (this time correctly translated) . No wonder this man had to go if not his oil deals were enough to kill him like as the US?UK/France mercenaries did. This speech was dynamite and an example had to be given to the rest of Africa what is going to happen if one is against the US.


Thu, 05/15/2014 - 04:38 | 4761796 CHX
CHX's picture

In Italy most EVERYBODY in a position of influence is linked to the mafia. Whachagonnadoo'boutit, ay?

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