ÌNTÉRNATIONAL BANKERS·

[decoy409]

olderstill, although you go on to say it was in the open, it was not in the open (in a sense) as much of all of this.
Yes they do make much of it so one (knowing where to look) can read. However a serious problem starts directly from the Mainstream Media.
Before all of this had come to be if 'all' had been informed, the people simply would have never allowed to it be knowing where it led to. Simple as that. Now here we are and I do not see a fork ahead.

[Aman A.K.A. Ahamburger]

Mid you need to take more notes from the OG!! You have zero ability to address someone like an adult. You need not to worry about being embarrassed for someone else, you do that enough on your own!

O&G. I agree with everything that you are saying. I have read a lot of the tsunami thread. Before Virgil's bot, i was going to help bring it here. I thinks it's pretty funny that agreeing with Bruce could stir up this much drama. All I was agreeing with is that there are lots of people that work in the industry that had no part in coming up with this crap and to generalize an entire industry for the work of, as you say the top 25 banks in the world, seems uncalled for. You said so yourself, it was the top level management at these banks that were basically putting the ultimatum on the table.

What my point is that these people did this, along with elected officials, without the knowledge of the public. I haven't seen all the political ads over the last 20+ yrs, however, I highly doubt that any platform in that time was, "I want to get to Washington, to help the banks try and steal your money." Going along with this point is the point you made about the charges that the FDIC has brought against these people.

Thank you for your response O&Great! I think It's a nice summary of what has happened and gives someone who hasn't read the tsunami thread, an insight on what the abundance of knowledge that thread is about!!

[midwesterner (banned)]

Mid you need to take more notes from the OG!! You have zero ability to address someone like an adult. You need not to worry about being embarrassed for someone else, you do that enough on your own!

EXACTLY my point. You and the pumper boys act like children in this situation and don't deserve to be treated like adults when comments such as yours and views are so off base, and supporting criminal robbing of our nation. Then yes, addressing you like a 4th grader is more in line. As for me being embarrassed? LOL, not you really got me laughing. Your unqualified to be giving opinions with substance considering your comments and lack of understanding. It's you that should be embarrassed.

[Tesla_DC-meme]

Now, how does one reconcile the extremes suggested in the lead-in questionnaire as to legit or conspiracy with no middle ground. I couldn't respond to those questions or make a choice because I don't see those as relevant polarities where my sympathies place me. Ask me if I think the leaders of the policy should be wearing stripes while they crack rocks with a heavy hammer and I know what my answer would be. Ask me whether they should dragged before a legitimate, unshackled court of justice in the US, and ridiculed and embarrassed to the extreme. There's no doubt in my mind.


Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=display&thread=742&page=2#ixzz1A1uyf6PB

Excellent post.
Inspires me to read on in gratitude instead of pity.

[bimetalaupt]

Jan 3, 2011 7:57:04 GMT -5 midwesterner (banned) said:

I hear you B. Few bad apples spoil the bunch.

Kate, the only problem with your theory is that we don't allow it. They were doing it without anyone knowing. The bad apples weren't given permission by anyone to do what they were doing. Luckily some of the money that Madoff stole has been recovered, and hundreds if not thousands of people are facing criminal charges.

Sensationalize all you want. W Bush was supposed to be Cesar with the Patriot act and seize the Roman REPUBLIC(USA). That's what a lot of people I knew were telling me in 2004, smart people, with lots of knowledge. I laughed. The Chinese Dream was recently described as the American Dream.

I hope your not serious? Few bad apples? This was all planned out and from the highest levels this finanical crisis. The bad apples were just doing what the higher level managers that were also given green light to lend to everyone, giving lower level lenders ablity to create all sorts of loans. If you think the patriot act is still not available to them to use, you are fooling yourself. At any time they could use all of it's uses. They are to an extent already.

You best go back and study your history and realize USA is not immune to the ills of other empires and banking institutions. In fact the first 100 years or so was the most common theme in our history was fighting off the international banking cartels from Europe, which got their way in 1913 with passage of the Federal Reserve act. The fact you are laughing show just how ignorant you are about all this.

Mid Western,
I thought to topic was about current international bankers.. The problems in the EU are all about Europe and European Bonds.. We work on the international market and with German members of the Family all the time.. Great group of guys and they like the good German Beer. The are a very conservative group of hard working bankers. What they want is more capital to not have to reduce deposits with the coming of BIS III. I do not know where you are coming from. The person that got his way in 1913 was from Missouri.. He got two banks in a small state.. Saul Warburg got a copy of the Bundesbank but that was all. Bank of North Dakota was going to look a lot like Bundesbank or West LB before the voting changed.The main problem in the USA is lack of saving.. The fast rise of Credit Unions is putting a hurt on down town banking.. They have less cost per $$$ deposit and pay more interest. It is all about total money supp-ly that is pointed to investment and savers are the driving power.. Just like WWI and WWII..

[/img]

Just my thought,
Bi Metal Au Pt
Some may say I have strong words at times, but when you are going to come here and express ideas you best have some back information before you go assuming things you don't understand. What makes it worse is that many here talk about this daily and those that laugh are actually exposed to the information yet choose not to listen. This is more embarrassing to yourself than if you just came here and had those views, in which many would understand. Your a regular poster, which makes your statements embarassing to the rest of us. [/quote]

Most of the large American Bank have used the European Banks as stepping stones after WWII. Now we again are seeing vast savings!!! see L1 chart!!!

Attachments:

[midwesterner (banned)]

Bruce-you can't explain anything to them...because they know nothing!

Enlighten us big shot. You talk lots of smack but lets here it once and for all from you. Your short one liners are getting old. Bring something up here other than gold is bad and dow is good. It's about all I hear out of your mouth. You got nothing other than a few choice words with zero substance.

[decoy409]

Mid, hello! I am around this eve having a GREAT TIME between this and the showers!
I think FTI ran next door to pollute the board but all the same here they did not like my holdings and 30 years later my calls being, OIL-NG-GOLD-SILVER. I banked by following the show from all angles (and long ago some great help with understanding what was transpiring).
Now they are mad and won't discuss or play nice. Nothing new!

[bimetalaupt]

Also some of the banks were used by the Marshal plan to rebuild Europe.. Example was the German Federal Owned/State owned KfW..

KfW banking group is a German government-owned development bank, based in Frankfurt. Its name originally comes from Kreditanstalt für Wiederaufbau, meaning Reconstruction Credit Institute. It was formed in 1948 after World War II as part of the Marshall Plan.

It is owned by the Federal Republic of Germany (80%) and the States of Germany (20%). [2] It is led by a five-member Managing Board headed by Ulrich Schröder, which in turn reports to 37-member Supervisory Board chaired by Rainer Brüderle, Federal Minister of Economy and Technology, since October 2009. [3]

KfW banking group covers over 90% of its borrowing needs in the capital markets, mainly through bonds that are guaranteed by the federal government. This allows KfW to raise funds at advantageous conditions. Together with its exemption from corporate taxes due to its legal status as a public agency and unremunerated equity provided by its public shareholders, this allows KfW to provide loans for purposes prescribed by the KfW law at lower rates than commercial banks. KfW is not allowed to compete with commercial banks, but it facilitates their business in areas within its mandate. Typically, KfW does not lend directly to enterprises or individuals, but it provides commercial banks with liquidity at low rates and long maturities, as well as with instruments to transfer risk (securitization). KfW thus acts as a second-tier bank. KfW banking group has three business units with distinct functions, as well as several subsidiaries. Lending by KfW group’s two main business units, accounting for more than 90% of total lending, is in Germany and – to a more limited extent – in other European countries. However, its largest subsidiary, KfW IPEX Bank GmbH, lends predominantly internationally. A smaller subsidiary, the German Investment Corporation (DEG), and one of the group’s smaller business units, KfW development bank, are exclusively active in the international arena, each within their particular business areas.

Housing and Environment. KfW Förderbank (KfW promotional Bank), the largest business unit of the group, committed EUR 33.8 billion in 2008, mostly for housing and environmental protection in Germany. [4] It is especially active in promoting energy-efficient housing for owner-occupied houses as well as for landlords, both for new houses and refurbishments. Its energy efficiency standards for houses (KfW-60 and KfW-40) have become accepted standards in Germany. Concerning environmental protection, it promotes, among others, photovoltaic energy (solar cells) which has in turn received massive indirect subsidies through feed-in tariffs under the Renewable Energy Law of 2000. It also invests in municipal infrastructure such as public transport and sanitation through a sub-unit called KfW Kommunalbank (KfW municipal bank). More recently, it has also engaged in education where it provides student loans.

Small and medium enterprises. KfW Mittelstandsbank (which roughly translates as KfW small and medium enterprises bank), the second largest business unit of the group, provides assistance to German small and medium enterprises (SMEs) including individual entrepreneurs and start-ups. In addition to loans it also provides equity and mezzanine financing. Its financing totaled Euro 14.3bn in 2008.[4]

KfW has been very active in securitization before this market collapsed during the subprime mortgage crisis. Through securitization it helped commercial banks to transfer risks from their housing and SME portfolios to the capital market. KfW also provides loans to European commercial banks to help them finance small and medium enterprises, housing and infrastructure (so-called global loans).

Development aid. KfW Entwicklungsbank (KfW Development Bank) provides financing to governments, public enterprises and commercial banks engaged in microfinance and SME promoption in developing countries. It does so through loans close to market terms using its own resources (so-called promotional loans), soft loans that blend KfW resources with support from the federal government’s aid budget (so-called development loans), as well as highly subsidized loans and grants, the latter two coming entirely from the federal aid budget. Different country groups are offered different financing conditions depending mainly on their per capita income. All these financing instruments are part of what is officially called development cooperation and is more commonly called development aid. In German aid, the work of KfW Development Bank is called “financial cooperation” which is complemented by “technical cooperation” by GTZ and other public agencies. The main sectors of financial cooperation are water supply and sanitation, renewable energy and energy efficiency, as well as the development of the finncial sector. KfW development bank also works, among other sectors, in health, education, agriculture, forestry, solid waste management. It provided Euro 3.7bn in loans and grants in 2008.[4]

Export and import finance. The largest subsidiary of KfW banking group is the IPEX Bank. IPEX Bank is active in project finance and corporate finance related to German or European exports. It also promotes foreign investments in Germany. Unlike KfW banking group itself, it is in direct competition with commercial banks. Therefore, and in response to concerns voiced by the European Commission concerning unfair competition, IPEX Bank has become legally and financially independent in 2008. It thus does not any more benefit from the federal loan guarantees that allow KfW banking group to refinance itself at advantageous rates. IPEX Bank’s main sectors of activity are ports, airports, toll roads, bridges and tunnels, railways, ships, planes, telecommunications, energy and manufacturing. IPEX Bank had a lending volume of Euro 17.6bn in 2008.[4]

Another subsidiary of KfW banking group, the German Investment Corporation (DEG), takes minority equity stakes and provides loans to private companies investing in developing countries. It pursues a business model broadly similar to that of the International Finance Corporation of the World Bank Group. Its main sectors of activity are banking, agro-business, renewable energy, telecommunications and manufacturing. It lent 1.2bn. in 2008.[4]

The magazine Global Finance rated KfW as the safest bank in the world in its "World’s 50 Safest Banks 2009" rating. The rating is based on long-term foreign currency ratings from Fitch Ratings and Standard and Poor’s and the long-term bank deposit ratings from Moody’s Investors Service.[5]

[midwesterner (banned)]

Mid, hello! I am around this eve having a GREAT TIME between this and the showers!
I think FTI ran next door to pollute the board but all the same here they did not like my holdings and 30 years later my calls being, OIL-NG-GOLD-SILVER. I banked by following the show from all angles (and long ago some great help with understanding what was transpiring).
Now they are mad and won't discuss or play nice. Nothing new!

They are unable to admit they may have been wrong after years of badgering and laughing. It's not surprise to me. Ask them questions they offer up a game of dodgeball. Same ole same ole. They are mad as heck and it's very obvious. If they want to keep up the sarcastic remarks, be my guest, I'll keep the flame to the fire, I won't let up on them if they are going to say outragious comments.

I did go over the top with the international bankers poll, but am still shocked and godsmacked how so many, and it's quite a few here, that are supposed to be better than average investors or but actually and honestly believe in the good wholesome nature of governments and banks looking out for their best interest. This is history 101, basic stuff. We aren't talking about anything abstract or unprovable. This is all written for all to see and explore. It was just a reflection of how dumbed down Americans as a whole have become and how some may be intelligent in some aspects, they are very unwise or unlearned in what makes things tick in this world.

I'm preaching to the choir, I know Decoy, but this poll has really disappointed me and embarrassed this communitiy of so called experts. What hits hard the most is that half voted completely legit and looking out for our best interests. All I can say is WOW!!!!!!

[Aman A.K.A. Ahamburger]

Bruce-you can't explain anything to them...because they know nothing!

No, you see, we know nothing, we are stupid children that do nothing but run our mouths and hurl insults. We are morons with our heads in the sand, because we are just plain out stupid and understand none of the complex thought of these savants!!

[bimetalaupt]

Frank,
As I recall they are the largest holder in the Düsseldorf, Germany Industral Bank IKB that got hammered in the CDO .. Lone Start ended up with 91% ownership in 2009.
Bruce
IKB was granted its banking license in 1924 as "Bafio" (Bank für deutsche Industrieobligationen, Bank for German Industry Obligations). Bafio dealt in long-term real estate financing in an effort to aid the German economy grow under the weight of the World War I reparations the country owed.

The bank was incorporated under Germany's stock law (Aktiengesetz) in 1945. In 1974 it merged with Deutsche Industriebank to become IKB Deutsche Industriebank.

IKB's main area of business is financing for small and medium enterprises in Germany. In addition to corporate financing, they also undertake real estate financing.

The German government's financing bank, KfW (formerly Kreditanstalt für Wiederaufbau), owns a 38% stake in IKB.[2] After several months of consideration of the sale of the IKB stake,[3] it was announced on 21 August 2008 that private equity firm Lone Star Funds would acquire an almost 91% holding in the bank.[4]
[edit] 2007 subprime crisis
[edit] Losses

When the subprime market in the United States crashed in the summer of 2007, the global reach of the crisis was not immediately obvious. Several European banks, however, became victims of the crisis due to investment history; IKB was the first European bank to declare financial trouble due to the subprime disaster.[5][6]

In July 2007, IKB announced that it had been affected by the subprime mortgage crisis in the United States. Only a week earlier the bank had released a statement saying it expected to meet it earnings goals for the year. "Rhinebridge", a structured vehicle operated by IKB, had invested heavily in the U.S. subprime market.[7]

To control the effects of the crisis in Germany, KfW, along with numerous commercial and coop banks (including Deutsche Bank and Commerzbank), formed a rescue fund to bail out the group. The funds used to bail out the bank amounted to €3.5 billion. Although IKB's stocks fell drastically, the bank avoided default, and the rescue is credited with having spared the German economy drastic fallout from the subprime crisis.[1]

In February 2008, the German government announced that IKB would require another rescue package to remain liquid, largely because peer banks were reluctant to invest further in the bank. The rescue package was announced in mid February at an amount of €1.5 billion.[8] As a result of the losses suffered by IKB, the company was demoted from Deutsche Börse's mid-cap MDAX stock market index to the small-cap SDAX in March 2008.[9]
[edit] Investigations and controversy
[edit] Misconduct investigation by the Federal Republic of Germany

After the crash of its shares, the German financial watchdog BaFin and the Ministry of Finance opened an investigation into allegations of reporting and accounting misconduct. Although no charges were brought against the bank, four of the five executives of IKB stepped down between 1 August and 1 November 2007.[10]
[edit] State aid investigation by the European Union

Shortly after the IKB crash, the European Union opened an investigation into the rescue package to determine if the package contravened its state aid regulations.[11] After protracted talks with the EU, the German government submitted an official notification of the rescue measures and possible future restructuring measures in January 2008.[12] As of February 2008[update], no ruling has been made by the European Court on the IKB case.
[edit] Goldman Sachs SEC lawsuit

IKB was mentioned by the U.S. Securities and Exchange Commission (SEC) in court fillings when it sued Goldman Sachs and one of Goldman's CDO traders on April 16, 2010.[13] The SEC alleges that IKB was on the wrong side of the CDO instruments Goldman was creating and that Goldman defrauded both IKB and ABN-Amro in failing to disclose that the CDOs IKB was purchasing were not assembled by a third party, but instead through the guidance of a hedge fund that was counterparty in the CDS transaction. This hedge fund, Paulson & Co., stood to earn great benefit in the event of default.[14] The suit by the SEC alleges that IKB lost US150,000,000 which Paulson gained.[15]

[bimetalaupt]

Frank,
But KfW is more solvent then Hypo Real estate Bank .. Now owned by the Bundesbank.. Bet Axel Weber loves that one.. M1 to the moon with leverage of 1:100!!!

Bruce
PS I made that fact up.. it own by the Federal Government of Germany!!!

[olderstill]

I tend to side with Frank in this matter. German banks are not necessarily the smartest or most sanitized. German regulators have problems similar to ours in controlling the "exhuberance" of their internal speculators. The tie-ins between the large international banks make all banks members of the same family with similar traits you might label genetic.

Some supporting evidence might be found in this article.



"FINANCE | 20.09.2008
"Germany's "Dumbest Bank" to Press Charges Against Own Staff


"The KfW will review all the practices which led to the huge loss
"A German bank that handed over 350 million euros this week to bankrupt Lehman Brothers and got nothing in exchange may pursue criminal charges against its own executives, a report said Saturday, Sept. 20.

"KfW, a government bank that administers federal shareholdings and passes out soft loans to home-owners, was dubbed "Germany's dumbest bank" by the mass-circulation newspaper Bild when the scandal broke.
"The automated payment on Monday went out just hours before Lehman declared itself insolvent. Lehman did not settle the swap with the equivalent in US currency, 500 million dollars, leaving KfW in the queue as a creditor.
"Quoting banking sources, the German weekly magazine Focus said KfW had asked a Frankfurt law firm, Clifford, to study if it could sack or bring a prosecution against executives responsible for the blunder.
"Asked to confirm the story, a KfW spokeswoman told the DPA news agency only that a law firm was reviewing "all relevant aspects of the matter."
"KfW suspended two of its seven-member executive board, Detlef Leinberger and Peter Fleischer. They remain on full pay, Focus said.
"KfW said its exposure to the Lehman failure totalled 536 million euros.
"Another German state bank, Bayern LB, reportedly has exposure of 300 million euros ($432 million), while a newspaper, Koelner Stadt-Anzeiger, said Saturday a third bank, NRW Bank, was owed 60 million euros by Lehman."



Old news, yes, but worth noticing that they are in the same league, operating at about the same IQ level as our own bright lights inside our own beloved, treasured institutions.

Mind you, since I've been and am still principally invested in local banks, I'm not against banking . . . just the sloppy, unethical, destructive kind that ruins the economy and the opportunities for a decent, stable life for the common people. . . who I recognize as the bedrock of the system.

[dumdeedoe]

These heggies are pure sharks and GS seems to be in league with a few of the higher tir ones. Someone needs to rein them in.
Madoff still makes me laugh that he had the cojones to take few of them on at their own game and scald them. I'm kinda surprised he didn't have a "heart attack" after I read some of his "victims" list.

[djrick]

And, if I'm told. . . as we all are. . . that our personal obligation to the stability of this nation - meaning our national debt - has more than doubled as a result of the selfish judgement of a few people at the top should I then casually accept this as an ordinary occurrence and not get my jammies in a bunch?

NO! NO! This is not the work of a few bad apples! This is the work of an industry run amok. And there are not words enough in that simple survey at the top of the page to express my resentment and anger.

Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=post&thread=742&page=2#ixzz1A8sJUyVL

O&G, always a pleasure to read your posts, thank you. There will always be wealthy parasites who will exploit the vulnerable and steal their assets. sigh

Oh, and the derivatives bomb is still ticking...tick, tock

[djrick]

Bernie Madoff's mistake was stealing from the rich. If he'd stolen from the poor he'd have a cabinet position.

[olderstill]

You are right on target with that one, dj!

[neohguy]

Great commentary. Even though I feel the poll was faulty, I find the results to be interesting. I think it supports what I learned in the tsunami thread concerning human nature when it comes to money.
Top bank executives caused trillions of dollars in damage and much human suffering for personal profit. It's already becoming a distant memory. Main st. investors that are profiting from these bank stocks have rationalized the behavior of these banks because of their short term profits.

[djrick]

The Wall Street blood sucking vampire squids are supposed to, somehow, profit on this business model? Only through fraud, layer upon layer of fraud. The blood suckers thought they'd cook the books, get their bonuses, flaunt the laws, buy the foreclosed properties in fire sales, and emerge as the winners of the new Ownership Society. In the process, they destroyed the economy and the institution of private property in the United States.

www.huffingtonpost.com/l-randall-wray/post_1564_b_807877.html?page=2

[itstippy]

The big banks are doing GREAT! They're making record profits, getting record bonuses, and sitting on 1 trillion dollars of excess cash reserves. They've unloaded all their risky assets onto the Fed. They've obtained the benefits of Government Sponsored Enterprises with none of the constraints. They don't even pay dividends to their shareholders; in fact, they're ordered not to. The more money they make, the more the public cheers their success. They're now much, much bigger than they were BEFORE the crisis. The Fed couldn't slow down the money spigot if they wanted to, for fear of "jeopardizing the fragile recovery".
Somehow the Big Banks managed to turn the enraged public, with their pitchforks and torches, away from their doors. The rabble are now clamoring for reduced government regulation and the privatization of public works. It's remarkable, to say the least.

[itstippy]

"Much bigger and better situated". I guess so. The Big 6 banks are now absolutely, positively too big to fail. They have played their cards beautifully.

Washington would slash Social Security, Medicare, Medicaid, and the Defense Dept to the bone before they'd allow any of the big banks to go down. They'd let California go bankrupt before any of the the Big 6. Washington has everything riding on the success of the big banks. Everything.

[djrick]

Washington would slash Social Security, Medicare, Medicaid, and the Defense Dept to the bone before they'd allow any of the big banks to go down. They'd let California go bankrupt before any of the the Big 6. Washington has everything riding on the success of the big banks. Everything.

Read more: notmsnmoney.proboards.com/index.cgi?board=moneytalk&action=post&thread=742&page=2#ixzz1BDeorOdh

100% agree, Watched the President squander an 80% approval rating on the bankstas'

[traelin0]

Jan 5, 2011 7:36:39 GMT -5 @neohguy said:

Great commentary. Even though I feel the poll was faulty, I find the results to be interesting. I think it supports what I learned in the tsunami thread concerning human nature when it comes to money.
Top bank executives caused trillions of dollars in damage and much human suffering for personal profit. It's already becoming a distant memory. Main st. investors that are profiting from these bank stocks have rationalized the behavior of these banks because of their short term profits.

BINGO.

[comokate]

If these names ever become published, the fallout could be tremendous:

GENEVA (AFP) – Swiss whistleblower Rudolf Elmer is planning to handover to WikiLeaks two CDs containing data of around 2,000 bank clients who may have been evading taxes, according to an interview published Sunday.

"The documents show that they are hiding behind bank secrecy, possibly to avoid taxes," Elmer, a former Swiss banker, told Swiss newspaper Sonntag.

The data is to be handed over on Monday, during a press conference in London during which WikiLeaks founder Julian Assange would also be present, said Sonntag.

However, the information would not be published immediately on the whistleblower website, said Elmer, noting: "WikiLeaks will go through the data, and if they really deal with tax evasion, they will be published later."

According to Elmer, the clients listed on the two discs include multimillionaires, multinationals and hedge funds from several countries, including Switzerland, the United States, Germany and Britain.

The data also implicate around 40 politicians.

Elmer said that the data stem from "at least three financial institutions and cover the period of 1990 and 2009.

Elmer, who was a director at Bank Julius Baer in Cayman Islands, is to appear before a Zurich court on Wednesday to answer to charges of bank secrecy violation, after he passed on clients' data to WikiLeaks in 2007.

The move led to tax evasion prosecutions in several countries against these clients.
news.yahoo.com/s/afp/20110116/bs_afp/switzerlandbritainbankingtaxregulatewikileaks;_ylt=AkIGNDz2jN5xx6AMPlyL2UJH2ocA;_ylu=X3oDMTRlbXV2NGsxBGFzc2V0Ay9zL2FmcC8yMDExMDExNi9ic19hZnAvc3dpdHplcmxhbmRicml0YWluYmFua2luZ3RheHJlZ3VsYXRld2lraWxlYWtzBGNjb2RlA21wX2VjXzhfMTAEY3BvcwMxMARwb3MDMTAEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNzd2lzc3doaXN0bGU-

[decoy409]

Como, why that's a fine piece of pie you put up there. Brought this over from my post I put in it today. It's getting easier and easier.............,

Quote: BUSTED: Unsealed Docs Show The Fed Was Fully Warned Of A Housing Crisis
Read more: www.businessinsider.com/federal-r....1#ixzz1BDGzqzd2

Imagine that? A BAD link! Try this one,

www.businessinsider.com/federal-reserve-housing-bubble-2005-2011-1?slop=1

and try this one if they take that one down,

ca.finance.yahoo.com/news/BUSTED-Unsealed-Docs-Show-The-siliconalley-612799260.html?x=0

[midwesterner (banned)]

Wow Como, that's some heavy stuff there. If that is ever released there is going to be rumblings from the public outcry over this fraud taking place.

The bankers and global internationalist are being caught with their pants down, and the public is waking up to the crimes and fraud taking place. I expect to see more whistle-blowers coming forward in financial and unfinancial related issues in the near future, probably less for being a good person, but for seeing the ship is sinking and hopefully by coming clean they will deflect the fraud they may have partaken in.

[djrick]

Hope some can take time to read the recent released FOMC minutes from 2005.

"I offer one more piece of evidence that I think almost surely suggests that the end is near in this sector. While channel-surfing the other night, to the annoyance of my otherwise very patient wife, I came across a new television series on the Discovery Channel entitled 'Flip That House,'" economist David Stockton said, prompting a roomful of laughter according to the transcript. "As far as I could tell, the gist of the show was that with some spackling, a few strategically placed azaleas and access to a bank, you too could tap into the great real-estate wealth machine. It was enough to put even the most ardent believer in market efficiency into existential crisis. [Laughter]"

Yes, you will note that they laughed about the reality that was going to hit the common people, sad really.

www.federalreserve.gov/monetarypolicy/fomchistorical2005.htmhttp://www.federalreserve.gov/monetarypolicy/fomchistorical2005.htm

[Tesla_DC-meme]

....... -===BREAKING NEWS===-

SWISS BANK ACCOUNTS USED TO AVOID TAXES........

[neohguy]

Most people do not believe in the integrity of banks regardless of what this poll showed. I doubt they will have much faith in the new round of European stress tests either.
www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=3291:new-stress-tests-target-european-finance-sector-&catid=33:world-economy-news&Itemid=97
New stress tests target European finance sector PDF Print E-mail
Monday, 17 January 2011 00:00
After numerous banks passed financial stress tests with flying colors only to be rescued later by government bailouts, planning is underway for a more demanding set of trials of European institutions.European Union authorities in the coming weeks will launch a second round of stress tests for large banks and insurance companies in the bloc, in a move to bolster confidence in the financial industry.
Last year's tests, particularly in the case of the banks, were criticized by numerous experts as being too weak. Just seven of the 91 tested banks failed.
Newly created regulatory body
None of Ireland's banks was among those that failed. Yet the Irish government just months later sought an 85 billion euro ($113 billion) rescue package not only to bridge a massive budget deficit but also to over looming bank debts in the country.
The European Banking Authority (EBA), a newly created regulatory body, said Thursday it will conduct EU-wide tests in the first half of 2011, with the results to be published in the middle of the year.
Domestic financial regulators, the European Systemic Risk Board, the European Central Bank and the European Commission will be involved in the 2011 stress tests, according to the new regulatory body.
The EBA said it will separately initiate a review of liquidity funding risks across the EU banking sector......

[djrick]

www.smh.com.au/business/goldman-sachs-has-15b-for-pay-and-bonuses-20110120-19y05.html

GOLDMAN Sachs has revealed that its payout to staff for 2010 will be $US15.3 billion, including bonuses - an average of $US430,000 each - a move that reignites the controversy over financial sector pay and bonuses.