Bank Watch ...

Forum for general discussion of Peak Oil / Oil depletion; also covering related subjects

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kenneal - lagger
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Post by kenneal - lagger »

3rdRock wrote:Pesto - Did bankers scam the bank rescue scheme?

http://www.bbc.co.uk/news/business-31744915
In other words the suspicion is that they were scamming a rescue scheme,
The Kleptocrasy in action!!
Action is the antidote to despair - Joan Baez
3rdRock

Post by 3rdRock »

http://www.theguardian.com/business/201 ... n-stimulus
European Central Bank fires starting gun on €1tn stimulus
More pocket money for the banksters in the city. :evil:
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emordnilap
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Post by emordnilap »

3rdRock wrote:http://www.theguardian.com/business/201 ... n-stimulus
European Central Bank fires starting gun on €1tn stimulus
More pocket money for the banksters in the city. :evil:
Yup. But there is no conspiracy. :wink:
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
kenneal - lagger
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Post by kenneal - lagger »

I'm just waiting for the rise in the stockmarkets and property prices EU wide.
Action is the antidote to despair - Joan Baez
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Mean Mr Mustard
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Post by Mean Mr Mustard »

1855 Advertisement for Kier's Rock Oil -
"Hurry, before this wonderful product is depleted from Nature’s laboratory."

The Future's so Bright, I gotta wear Night Vision Goggles...
kenneal - lagger
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Post by kenneal - lagger »

Co-op bank here I come!! Goodbye HSBC.
Action is the antidote to despair - Joan Baez
3rdRock

Post by 3rdRock »

http://www.theguardian.com/business/201 ... tion-green
HSBC: Tory MPs accused of blocking watchdog's bid to question Green

Conservatives use majority on public accounts committee to vote down proposal to summon former HSBC chairman and trade minister over bank’s tax scandal
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Mean Mr Mustard
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Post by Mean Mr Mustard »

Ken's surely right about a Kleptocracy. When a minimum wageslave on a zero hour contract is restricted from getting a second job because that might inconvenience the Dickensian employer, yet Rona Fairhead 'earns' £500k part time for HSBC 'overseeing' compliance, and also works for the BBC 'Trust' for £150k pin money in what she claims is actually her main job. (Would that be to muzzle or ensure positive spin for the Kleptocracy, while other media outlets are kept in line through advertising contract dependency?)

"I used to trust the media
To tell me the truth, tell us the truth
But now I've seen the payoffs
Everywhere I look
Who do you trust when everyone's a crook?"


Those lines were written circa 1987. Here's some lyric extracts from Queensryche, a phenomenal band.

Seven years of power
The corporation claw
The rich control the government, the media the law
To make some kind of difference
Then everyone must know
Eradicate the fascists, revolution will grow

The system we learn says we're equal under law
But the streets are reality, the weak and poor will fall




Got no love for politicians
Or that crazy scene in D.C.
It's just a power mad town
But the time is ripe for changes
There's a growing feeling
That taking a chance on a new kind of vision is due


Revolution calling
Revolution calling
Revolution calling you
(There's a) Revolution calling
Revolution calling
Gotta make a change
Gotta push, gotta push it on through

I'm tired of all this bullshit
They keep selling me on T.V.
About the communist plan
And all the shady preachers
Begging for my cash
Swiss bank accounts while giving their
Secretaries the slam

They're all in Penthouse now
Or Playboy magazine, million dollar stories to tell
I guess Warhol wasn't wrong
Fame fifteen minutes long
Everyone's using everybody, making the sale

I used to think
That only America's way, way was right
But now the holy dollar rules everybody's lives
Gotta make a million doesn't matter who dies

I used to trust the media
To tell me the truth, tell us the truth
But now I've seen the payoffs
Everywhere I look
Who do you trust when everyone's a crook?

Revolution calling
Revolution calling
Revolution calling you
(There's a) Revolution calling
Revolution calling
Gotta make a change
Gotta push, gotta push it on through
1855 Advertisement for Kier's Rock Oil -
"Hurry, before this wonderful product is depleted from Nature’s laboratory."

The Future's so Bright, I gotta wear Night Vision Goggles...
raspberry-blower
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Post by raspberry-blower »

Zero Hedge: The Austrian Black Swan Claims its First Casualty
As for the guy who looked at DuesselHyp's balance sheet and "wisely" concluded it is worth X, good luck finding a job. Don't worry though, many more "analysts" at other banks will be joining you in the unemployment line as more European banks admit they are insolvent when a world that is "priced to perfection" is revealed to have been anything but.

Because if a 1.5% write down in the assets of a supposedly well-capitalized German bank can lead to almost overnight insolvency, one can almost imagine what will happen when the Austrian black swan wave reaches Europe's actually "undercapitalized" banks...
Bank failure in Austria causing failures in Germany - deja vu?
A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools - Douglas Adams.
snow hope
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Post by snow hope »

Buy gold now?
Real money is gold and silver
kenneal - lagger
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Post by kenneal - lagger »

I thought all these banks recently passed a stress test! Not very stressful, obviously!
Action is the antidote to despair - Joan Baez
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emordnilap
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Post by emordnilap »

More "too big to fail" excuses on their way.

Maybe they should lend themselves the money? After all, these banks can print "money" whenever they want.
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
raspberry-blower
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Post by raspberry-blower »

A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools - Douglas Adams.
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UndercoverElephant
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Location: south east England

Post by UndercoverElephant »

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emordnilap
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Post by emordnilap »

Firstly, I hope it happens - but there's no guarantee it will. Secondly, if it does, it's an itch, not a wound. Thirdly, they may end up candidates for an American solution.
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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