Brookfield Controversies & Leverage Points

|AIG AIG suit against Brookfield

After the financial crisis and the AIG bailout Brookfield stopped paying AIG for an interest rate swap they entered in 1990 and sued AIG in an attempt to get out of owing $1.5 billion. In trying to get out of their payments to AIG, they are they are in essence taking money out of the pockets of taxpayers.

|Victims Victims of Brookfield

After taking over the now-defunct Fraser Papers, Inc., Brookfield stoppent payment of pensions to 400 retirees, who have banded together in an attempt to win their retirement back from the corporation. Victims of Brookfield will be attending Occupy Toronto on October 15th.

Mortgage-backed Securities

Brookfield has extensive holdings in mortgage-backed securities through its Helios funds.

Brookfield Took Government Money Meant for Small Businesses

"Brookfield Properties has received at least three six-figure grants [totallying nearly $700,000 meant for small businesses hurt by 9/11, even though it's an $8 billion company with 2,500 employees."

Potential Leverage Points
From a Brookfield 2010 "supplemental information" document : "We own development rights on Ninth Avenue between 31st Street and 33rd Street in New York City which is entitled for 5.4 million square feet of commercial office space. We will commence construction of this property once the necessary pre-leasing has occurred, similar to our strategy with other commercial developments. "