QuoteDrug money saved banks in global crisis, claims UN advisor | World news | The Observer
Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar has told the Observer.
Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were "the only liquid investment capital" available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.
This will raise questions about crime's influence on the economic system at times of crisis. It will also prompt further examination of the banking sector as world leaders, including Barack Obama and Gordon Brown, call for new International Monetary Fund regulations. Speaking from his office in Vienna, Costa said evidence that illegal money was being absorbed into the financial system was first drawn to his attention by intelligence agencies and prosecutors around 18 months ago. "In many instances, the money from drugs was the only liquid investment capital. In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor," he said.
Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, he said.
"Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities... There were signs that some banks were rescued that way." Costa declined to identify countries or banks that may have received any drugs money, saying that would be inappropriate because his office is supposed to address the problem, not apportion blame. But he said the money is now a part of the official system and had been effectively laundered.
Quote
Costa: The is injected into the legitimate economy through money laundering cycle. We do not know how much, but the volume is impressive. Considered per se, the macroeconomic impact is thus introduced just investment capital. There is evidence that this money ends up in the financial sector, which is obvious since the second half of last year under pressure.
profil: In what way does this happen?
Costa: It looks as though interbank lending has been financed by money coming from drug trafficking and other illegal activities. It is of course difficult to prove this, but there are indications that some banks have been saved in this way.
profil: As one may imagine that? The drug boss is indeed difficult to march to his office and then pay cash to avoid bank bankruptcy.
Costa: No, but in many cases drug money is currently the only available liquid capital investment - for example, to buy real estate. In the second half of 2008, liquidity was again the biggest problem of the banking system, and thus liquid capital has become an important factor.
Prijatelj iznajmio kucu narko dleru... kaze u jednom trenutku samo prestade on da placa a i nestade sa lica zemlje. Raspitao se kod komsija, rekose mu da je jedno vece milicija upala u kucu i sve ih pohapsila. Kuca ostade otkljucana.
Pa kad ne gleda kome izdaVa. Da je Dr Dabic ili drug general u pitanjE, neb milicija dolazila nikako. Osim da smeni strazu.
QuoteSummers to Bankers: 'They've Got Obligations' - George's Bottom Line
When I asked top White House economic advisor Larry Summers if the President needs to encourage banks to do more lending, he told me that bankers "need to recognize that they've got obligations to the country after all that's been done for them, and there is a lot more they can do."
Tomorrow, the President will meet with heads of the country's biggest banks and Summers told me the White House has a blunt message: "President Obama is going to be talking with them about what they can do to support enhanced lending to customers across the country.
"We were there for them. And the banks need to do everything they can to be sure they're there for customers across this country."
Ako ne lenduju pare shta rade s njimI :idea:
Investiraju direktno u narko - poslove xdrinka?
QuotePrijatelj iznajmio kucu narko dleru... kaze u jednom trenutku samo prestade on da placa a i nestade sa lica zemlje. Raspitao se kod komsija, rekose mu da je jedno vece milicija upala u kucu i sve ih pohapsila. Kuca ostade otkljucana.
Jedan nash chovek kupio kucu u dosta pristojnom kraju i posle nekog vremena otishao da se upozna sa komshijom.Kaze " ja sam taj i taj imam zenu i dvoje dece..."
Komshija na to njemu " ja sam taj i taj drzim bordel ovde , imam pravo na 4 kurve ali imam ih malo vishe...".Chovek se shokirao.
Bordeli su ovde legalni :x
Mene je ipak najvishe shokiralo kad je zena jednog zubara ( on nash chovek ali rodjen u Americi) inache chistokrvna Amerikanka doshla kod ovih nashih prijatelja zubara i prijavila da hoce cerki da otvori bordel.Kaze "to je dobar biznis"...i onda onako usput preporuchila njihovom sinu njegovoj braci od strica koji su se tu nashli ( deca bila iz Beograda u poseti) da dodju malo da "jashu". Naravno ne njenu cerku.Ona ce da bude " madam"...tj da organizuje poso :mrgreen:
Mogu samo da zamislim shta su ona deca iz Beograda pomislila.
Nije da muchena Amerikanka nema para ( muz joj ima dve privatne prakse) a niti je muchi shta ce cerka sutra da stavi u CV...ali biznis je biznis...para vuche xuss
Pa nek mi neko kaze da moral nije pao na najnize grane xtwak
Was she white trash? I mean, could you (not) tell?
Quote from: vbo man
Jedan nash chovek kupio kucu u dosta pristojnom kraju i posle nekog vremena otishao da se upozna sa komshijom.Kaze " ja sam taj i taj imam zenu i dvoje dece..."
Komshija na to njemu " ja sam taj i taj drzim bordel ovde , imam pravo na 4 kurve ali imam ih malo vishe...".Chovek se shokirao.
Jel se taj uselio i otvorio bordel u tih 6 nedelja koliko traje od potpisanog ugovora o prodaji kuce do settlement-a?
Quote from: vbo man
Bordeli su ovde legalni :x
Znaci - nenormalni svet i dekadencija. Pa dabome, deca/potomci osudjenika, sta drugo da ocekujes.
Quote from: vbo man
Mene je ipak najvishe shokiralo kad je zena jednog zubara ( on nash chovek ali rodjen u Americi) inache chistokrvna Amerikanka doshla kod ovih nashih prijatelja zubara i prijavila da hoce cerki da otvori bordel.Kaze "to je dobar biznis"...i onda onako usput preporuchila njihovom sinu njegovoj braci od strica koji su se tu nashli ( deca bila iz Beograda u poseti) da dodju malo da "jashu". Naravno ne njenu cerku.Ona ce da bude " madam"...tj da organizuje poso :mrgreen:
A sta te je tu sokiralo?
Quote from: vbo man
Mogu samo da zamislim shta su ona deca iz Beograda pomislila.
let me guess...
"Pitam se ima li nacina tamo da jebem a da ne platim?" :mrgreen:
Dal je trash ili ne ne znam ( sad je gospodja "zubarica" i zivi ki bubreg u loju).Izgleda kao prava Amerikanka ( plava i pegava :mrgreen: ) .Kad udje na kakav parti nas doseljenika ne troshi poglede , slabo pricha i uglavnom gleda shta ima lepo da se pojede (poshto nikad nije probala da kuva xrofl ). Al kad je izashla sa ovom idejom sve je bacila s nogu.
QuoteA sta te je tu sokiralo?
:? :idea:
Za klince iz Beograda ne znam shta su pomislili...zgodni momci , studentarija ...sumnjam da imaju problema da nadju za dzabe pa im treba dromfulje da placaju...Mislim da im je bilo shokantno ( mozda) shto je u pitanju zena strichevog kolege zubara a videli su kako fino zivi njihov stric i da mu ne fali para.Plus ideja da CERKI otvori TAJ biznis.Priznacesh malo je shokantno.
QuoteJel se taj uselio i otvorio bordel u tih 6 nedelja koliko traje od potpisanog ugovora o prodaji kuce do settlement-a?
Ne znam kad se uselio taj s bordelom. Ovaj nash chovek nije bash imao nachina da sazna ko mu zivi ( ili ko ce mu u buducnosti ziveti) u kuci do njega.Jedino da je zvonio na vrata komshija pa pitao.Nije mu palo na pamet.Mislio chovek kraj nije losh...
Maybe you just can't tell. There could be tons of tell-tale signs about her but without seeing and/or hearing the lady I guess we'll never know (ko je ubio Anu Lind...).
Quote from: vbo man
Kad udje na kakav parti nas doseljenika ne troshi poglede , slabo pricha i uglavnom gleda shta ima lepo da se pojede
Jel govori sta srpskog?
Quote from: vbo man
Za klince iz Beograda ne znam shta su pomislili...zgodni momci , studentarija ...sumnjam da imaju problema da nadju za dzabe pa im treba dromfulje da placaju...
Sta musko trazi u bordelu...
Rekoh pre neki dan svojoj materi... Ona je spominjala kako ju je sestra od ujaka htela da vodi u "onu" radnju da vide vestackog djoku. Ne mogu ti opisati koliko je moja mama bila shokirana takvom idejom i na kraju kaze "sta cu ja tamo, ja sam normalna zena, nisam ja perverzna". E moja mama, rekoh joj ja, upravo si zaradila svih svojih 60 i kusur godina.
Ako tebi nije jasno sta musko trazi u bordelu ja ti ne mogu objasnjavati. Pitaj svog muza, uostalom, sta bi rekao na takvu ponudu. Ili ce ti reci da masta o tome od momackih dana, ili ce da slaze.
Quote from: vbo man
Mislim da im je bilo shokantno ( mozda) shto je u pitanju zena strichevog kolege zubara a videli su kako fino zivi
njihov stric i da mu ne fali para.Plus ideja da CERKI otvori TAJ biznis.Priznacesh malo je shokantno.
Znaci, ovakva pitanja runs in the family? Valjda tako treba...
Quote from: vbo man
Ne znam kad se uselio taj s bordelom. Ovaj nash chovek nije bash imao nachina da sazna ko mu zivi ( ili ko ce mu u buducnosti ziveti) u kuci do njega.Jedino da je zvonio na vrata komshija pa pitao.
Buduci da je saznao od komsije da drzi bordel, ne bih rekla da je to strogo cuvana tajna.
Bas me zanima koja je njegova prica ko mu je smestio bordel do vrata.
Sloppy seconds is not everyone's idea of fun. I know it never was for me.
QuoteJel govori sta srpskog?
Ma kakvi...jedva da joj i muz govori...decu da ne pominjem.
QuoteAko tebi nije jasno sta musko trazi u bordelu ja ti ne mogu objasnjavati. Pitaj svog muza, uostalom, sta bi rekao na takvu ponudu. Ili ce ti reci da masta o tome od momackih dana, ili ce da slaze.
Moze samo da mashta :mrgreen: ( u sebi xrofl ). Moj muz je takva cicija da on ne bi bash baco pare na to...pre bi dao za pivo xdrinka xrofl
QuoteBas me zanima koja je njegova prica ko mu je smestio bordel do vrata.
Pa normalno zla imperija :mrgreen: Ko bi drugi xrofl
Quote from: vbo
QuoteJel govori sta srpskog?
Ma kakvi...jedva da joj i muz govori...decu da ne pominjem.
Pa kako onda mislis da prica kad dodje na zabavu "kod nasih"?? Mogu misliti nase zenetine, jedva cekaju da pricaju engleski, dok ih ostale slusaju. Posle da ih ove druge sto cute na engleskom ogovaraju do kraja zivota kako su brkale padeze.
QuoteMogu misliti nase zenetine, jedva cekaju da pricaju engleski, dok ih ostale slusaju. Posle da ih ove druge sto cute na engleskom ogovaraju do kraja zivota kako su brkale padeze.
Prvo mi nismo ZENETINE nego fini svet.Ja ne idem na partije gde dolaze zenetine xjap
Drugo , mi prichamo solidan engleski i ako nas razumeju Oziji sigurna sam da moze i ona.
Trece mi prichamo engleski kad su medju nama (istina retko) oni koji ne znaju srpski.Trudimo se da ih ne izolujemo.Ili se bar zaduzi neko da pricha i zabavlja tog "engleza" da se ostali ne muche :mrgreen:
Quote from: vbo man on December 14, 2009, 02:46:50 AM
QuoteDrug money saved banks in global crisis, claims UN advisor | World news | The Observer
Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar has told the Observer.
Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were "the only liquid investment capital" available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.
This will raise questions about crime's influence on the economic system at times of crisis. It will also prompt further examination of the banking sector as world leaders, including Barack Obama and Gordon Brown, call for new International Monetary Fund regulations. Speaking from his office in Vienna, Costa said evidence that illegal money was being absorbed into the financial system was first drawn to his attention by intelligence agencies and prosecutors around 18 months ago. "In many instances, the money from drugs was the only liquid investment capital. In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor," he said.
Some of the evidence put before his office indicated that gang money was used to save some banks from collapse when lending seized up, he said.
"Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities... There were signs that some banks were rescued that way." Costa declined to identify countries or banks that may have received any drugs money, saying that would be inappropriate because his office is supposed to address the problem, not apportion blame. But he said the money is now a part of the official system and had been effectively laundered.
Ah, good to know. Dakle, bankarski sistem nije stabilizovala zajednicka akcija bitnih centralnih bana, seca kamatnih stopa, asset guarantees, TARP i inostrani ekvivalenti, sve to vredno nekoliko triliona dolara, nego Kali kartel?
Zanimljivo.
Tesko da sam kad procitao nesto gluplje.
QuoteTesko da sam kad procitao nesto gluplje.
The Observer...
Quote from: zagor te nej
Ah, good to know. Dakle, bankarski sistem nije stabilizovala zajednicka akcija bitnih centralnih bana, seca kamatnih stopa, asset guarantees, TARP i inostrani ekvivalenti, sve to vredno nekoliko triliona dolara, nego Kali kartel?
Zanimljivo.
Tesko da sam kad procitao nesto gluplje.
Good to know, you bet.
(idu prvi taktovi muzike, neko u dnu kafane vec razbija prvu casu.)
PA KAZE:
Bio si slep kod ociju
Bio si slep kod ociju,
BIO SI SLEEEP KOD OCIJU
Verovao ili ne
vbo ti rece sve
sto treba da znaaaas
Trippy...
Quote from: zagor te nej link=topic=134.msg6206#msg6206
Ah, good to know. Dakle, bankarski sistem nije stabilizovala zajednicka akcija bitnih centralnih bana, seca kamatnih stopa, asset guarantees, TARP i inostrani ekvivalenti, sve to vredno nekoliko triliona dolara, nego Kali kartel?
Zanimljivo.
Tesko da sam kad procitao nesto gluplje.
Доза глупости дотичне тврдње зависи од значаја сиве/црне економије у датој земљи. У неким балканским земљама та тврдња уопште није далеко од истине...
Ma ja...ja bash valjam gluposti :lol:
Vazno da se vi dobro zabavljate... xrotaeye
Quote from: Pareski do on December 15, 2009, 02:05:28 AM
Доза глупости дотичне тврдње зависи од значаја сиве/црне економије у датој земљи. У неким балканским земљама та тврдња уопште није далеко од истине...
I ne samo na Balkanu, tu je i slobodarska Latinska Amerika. Ako se ne varam, Citi je prije par godina ( ono kad su se bili nameracili da postanu najveca svjetska banka) pokupovao neke banke po Meksiku koje su bili na glasu kao laundering banks.
QuoteGoldman faces lawsuit over anticipated bonuses | Reuters
The lawsuit, filed with the New York Supreme Court by the Security Police and Fire Professionals of America Retirement Fund, names chief executive Lloyd Blankfein and other executives and board members as defendants.
Goldman has faced a maelstrom of criticism for setting aside billions for year-end payouts soon after the firm paid back its $10 billion taxpayer bailout.
Goldman is accused in the lawsuit of "blindly" rewarding executives "for corporate performance that has absolutely nothing to do with the skill of the company's employees." The lawsuit states that Goldman is estimated to issue payouts in excess of $22 billion.
QuoteAs Goldman Thrives, Some Say an Ethos Has Faded - NYTimes.com
The gathering, held at the venerable New York Athletic Club, both celebrated Goldman's past and looked toward its future. What, Mr. Blankfein was asked, did he want his legacy to be?
Mr. Blankfein replied that like his predecessors, he hoped to position Goldman Sachs to capitalize on whatever opportunities might arise during his tenure. As bland as that might sound, few on or off Wall Street have seized opportunities in these troubled economic times as skillfully as Mr. Blankfein.
...
Interviews with nearly 20 current and former Goldman partners paint a portrait of a bank driven by hard-charging traders like Mr. Blankfein, who wager vast sums in world markets in hopes of quick profits. Discreet bankers who give advice to corporate clients and help them raise capital -- once a major source of earnings for Goldman -- have been eclipsed, these people said.
Mislim da se drugovi vatrogasci i "security policajci" (mall cops?) Mogu ubrisati svojoj stupidnom tuzbom. Cenim da ce neki (svaki) iole trezan sudija da ih istera iz svoje sudnice. Glupa radnicka klasa ne shvata da ono sto se njoj ne svidja nije obavezno i protivzakonito.
Quote from: vbo man on December 15, 2009, 02:25:35 AM
Ma ja...ja bash valjam gluposti :lol:
Vazno da se vi dobro zabavljate... xrotaeye
Znaci, nije slucajno? Ono, mozes da pritisnes dugme i isklljucis?
Dobro je da znamo.
QuoteOno, mozes da pritisnes dugme i isklljucis?
Mohu al necu xfrog
Quote from: Hate mail on December 17, 2009, 05:11:55 AM
Mislim da se drugovi vatrogasci i "security policajci" (mall cops?) Mogu ubrisati svojoj stupidnom tuzbom. Cenim da ce neki (svaki) iole trezan sudija da ih istera iz svoje sudnice. Glupa radnicka klasa ne shvata da ono sto se njoj ne svidja nije obavezno i protivzakonito.
Не мора ни да буде ако нађу згодну железничку пругу да малко поседе на њојзи.
Ma ti sto sede merkaju pragove, zice, sljunak, gvozdje, signalizaciju (ovo osobito)...
Pragovi (oni stari-novi) poslagani proed pruge su bili vrlo popularni. Jebiga, jeftino, shodno tome potraznja skocila. Ko kaze da nema trzisne ekonomije u socijalizmu.
Ma ono je domacinizam, srbizam, pravoslavizam brate.
I najvaznije od svega: zavist.
"Ti bi da se obogatis", cuo je to svako ko je probao da se necim bavi. Kao, ti bi da se izdignes iznad njega, a on se nasao pogodjen. Kao, kako te nije sramota (Velja Ilic cesto to kaze: 'Kako ga/ih/jU nije sramota?" kad ga intervjuisu nakon nekog ispada).
A ovamo kad se padne u skripac jer eto tako svi izigravaju svece iz naseg srednjeg veka i kao fol askete sto zive iskljucivo od plate koja kao mana pada s neba pa nema ko da nesto stvarno radi (pa moraju najnesposobniji ili najgori medju njima) - niko od njih se ne stidi da besni, strajkuje po ulicama, blokira saobracajnice i gradske avenije danima, krade iz firme ili sedi po pruzi.
Tejles, 'bes mu mater.
Ima tu naravno nasledja komunizma i teshko je ochekivati da se ljudima u glavi odjednom preokrene chitav sistem vrednosti...ima naravno i toga na koji nachin se bogate ljudi u Srbiji u ovakvom jednom naglom preokretu.Ipak ako je on taj koji se bogati chovek lako prevazidje sva svoja moralna nachela :mrgreen:
S druge strane shta danas znachi biti bogat u kojoj sredini :?:
Ja neshto mislim da se ni dobar deo trulo bogate ekipe na zapadu nije obogatio ako ne legalnim ( jer zakone donose po svojoj meri) a no moralnim nachinom. Skoro je ovde postavljeno pitanje na TV oko ovog sina najbogatijeg choveka u Australiji ( Paker se valjda preziva).Otac mu je ostavio milijarde ( a bavio se svim i svachim u biznisu) a on sve procerdava praveci kasine. Dakle postavilo se pitanje njegovog morala jer dakle koristi slabost ( bolest praktichno) ljudi koji se kockaju. Komentar nekog od ljudi iz biznisa koji ga zna je " Eto njemu to ne smeta".Ochito nema moralnih dilema chovek. Naravno naplatice mu se to na nekoj drugoj strani ( ja chvrsto verujem) i vec se naplacuje.
Ja lichno nemam nishta protiv da se ljudi bogate ( ako im se tako otvorile karte i ako to zele) ali vrlo imam moralnih dilema oko toga kako i na chemu i na chiji rachun se bogate.
Imala sam srecu da upoznam coveka, divna dusa jedna, a milioner, ima firmu i bavi se raznorznim biznisima.
Ljudi uspevaju na svoje nacine, ovaj covek recimo strogo vodi racuna koga prima da radi za njega.
Elem, covek mi je pricao kako bira svoje zaposlene. Kaze one iz komunistickih zemalja, ili u braku sa komunjarama, zatim one sto rade u drzavnom sektoru (pa hoce da se prebace u privatni) kao ni one u baku sa drzavnim cinovnicima ne zeli da zaposli ni pod razno. Razlog: svi do jednog ama bez greske pre ili kasnije ne mogu da gledaju bogacenje, pravljenje profita, kaze neverovatno kakve stvari takvi ljudi govore cak i na samom intervjuu. Neki se prosvercuju (kako mozes da trazis potrvdu ko im je bracni drug, je li) ali kaze pre il kasnije izbije bas ovakva prica: pare se gomilaju na neposten nacin i ne postoji ni jedan drugi nacin da tebi firma raste 20% godisnje. Fakat da od toga i oni leba jedu nema nikakve veze. Ti si prljav, tvoj posao je prljav, Izrabljivacu, kapitalisto, ser ser ser...
Ovde postoji samo jedan ispravan odgovor: "Mars napolje."
Nema ni jednog Kineza u svom timu. I wonder why that is :mrgreen:
Teshko je biti milioner...pa josh biti i fin (moralan) chovek...ja ga razumem :mrgreen:
Ovde je jedan milioner inache Madjar iz Vojvodine teshko najebavao primajuci u fabriku na rad nashe ljude...pravili shtrajkove, tuzakali ga...on ih opet i dalje primao...sentimentalan chovek.Nije mu propalo bogatstvo...naprotiv. Sad je zatvorio fabriku ( i shta ce mu vishe) i ostalo mnogo "nashih" bez posla...zivot, shta cesh.
Kad mu je neki rodjak ( verovatno zenin, zena mu Srpkinja) trazio pare na zajam on mu reko : " Ako ti trebaju pare, pare su u banci a ako hocesh da radish ( drugi, treci posao) dodji kod mene u fabriku u trecu smenu...Nije njega niko zajebao...zato i jeste milioner.
Prichao nam je kako je kad je doshao ovamo sekao trsku , pa ga opljachkao partner kad su zajedno doshli u Brizbejn i zbrisao sa tim parama od trske...Onda je nashao taj posao i radio tu godinama u toj fabrichici.Desi se te umre gazda a zena bila nesnadjena i proda njemu fabrichicu ( na rate)...On napravio bogatstvo...nije neshto pismen bio...stolar ili tapetar , tako neshto ...kad te zivot odredi da se obogatish nemoz da pobegnesh. Al gledam mu sina, ozenio sponzorushu iz Srbije...sve ima da procerdaju :mrgreen:.Ne kazu dzabe ovde da se u tri generacije stize od " kratkih rukava do kratkih rukava"> Shta sam mudrosti nauchila ovde od Engleza,... :|
Ja zbog moje dece i dece njihove dece, a i njihove dece ne zelim da verujem u te kratke rukave.
Smislila gologuzija razlog zasto da sedi i nista ne radi, eto. Nego da zajmi gde sta moze da drpi. Cvrc.
Upropasticu praunuke?? Gluposti.
QuoteTeshko je biti milioner...pa josh biti i fin (moralan) chovek...ja ga razumem
Sumnjam.
Takes one to understand one.
Quote from: vbo man on December 18, 2009, 08:06:04 AM
Otac mu je ostavio milijarde ( a bavio se svim i svachim u biznisu) a on sve procerdava praveci kasine. Dakle postavilo se pitanje njegovog morala jer dakle koristi slabost ( bolest praktichno) ljudi koji se kockaju. Komentar nekog od ljudi iz biznisa koji ga zna je " Eto njemu to ne smeta".Ochito nema moralnih dilema chovek.
jasta, jednako su nemoralne farmaceutske kompanije koje ne daju lekove besplatno bolesnima koji ne mogu da plate, ili fabrike duvana, alkohola jer vidi samo koliko ih umire od raka ili koliko je nasilja zbog alkohola, a zamisli tek nemoralnost tamo nekog sto je otvorio trafiku pa prodaje cigarete a zna da su stetne...
Kechingujes drift? :mrgreen:
ps. To ti je ta logika - ja sam malo dete, pojma nemam i serem u gace, a ti poslodavac i ti bankar i ti landlord, svi ste duzni da igrate oko mene i da pazite da ne padnem.
Ko se izmakne bice ono "sto ste me pustili da padnem", "namerno ste me ispustili" i taj rad.
Ja za svoje postupke i za svoj zivot apsolutno nisam odgovoran.
Ja bi samo da kazem da je kapitalizam do jaja. Osobito od prekjuce.
Sta se desilo prekjuce? Opet si mesetario na burzi?
I'm not at liberty to talk about it :)
But it sure makes me happy, how's that? 8-)
pa ne moras direktno...
aj' recimo:
moja baba kad je bila mala, sedela na berzi i zamisli sta joj se desi...
Krismas bonus stigo :) zagore?
krismas bonus?
to je 13-ta palata?
Tako nekako.
plate su zamrznute u ameriku.
Quote from: zagor te nej on December 18, 2009, 04:48:03 PM
Ja bi samo da kazem da je kapitalizam do jaja. Osobito od prekjuce.
:|
Rock on, brother.
Zagore enjoy while you can :|
Ova dvojica su mi jako sumnjivi.
Ajd kazite sta ima novo, da i JA jednom zasolim: nemoguce, nemoze, neide, pricasgluposti, tonikonijeuspeo, totakonemoze, kakosereeeeeeeees, datomozesvibitako...
Zaboravljas "prodaosise".
prodao veru za veceru. Pa zar i ti Zagore....
Nisu vise omladinci sto su nekoc bili.
Quote from: Hate mail on December 19, 2009, 01:13:57 AM
Zaboravljas "prodaosise".
Ili jos bolje: zamaleparesteseprodali :mrgreen:
Ma lepo je kad chovek ume da se raduje...novcu...
To obichno znachi da nema vecih problema u zivotu...ili da je pohlepan :mrgreen:
Ili da se prodao.
Sa novcem ide i pozicija: pozicija da cusnes Shaneequin rezime u smece horog-shutom...
QuoteIli da se prodao.
Svi se "prodaju"...pitanje samo cene koju postignu na trzishtu...
Biti pohlepan znachi biti slep za sve druge aspekte zivota osim materijalnih... a ima ih...
Are you sure you had boarded the right flight when you were emigrating?
I used to ask this of my demented Serbian-American former landlady, who used to spew the same kind of crypto-commie, new age drivel. 'Cause I know I damn sure have. What the hell are all you folks waiting for, rotting away here?? Children in Africa are still dying, Ukraine's orphanages are still living Hell (and full of preying homos), imperial wars are still raging in resource-rich lands... Go help them out.
And the blacks are still being mistreated here, but that's our prerogative.
Ma ja sam uhvatila dobar avion (il sam mislila da je dobar) :mrgreen:
Meni se samo maloooo ochi otvorile za ovih 15-ak godina zivota ovde. Nisam ( vishe) hipik da pokushavam da reshavam sve na ovoj planeti ali ono shto ugrozava zivot moje porodice, sutra moje dece i unuka i ako ne mogu da reshim mogu barem da primetim...
Casino i dalje radi...yuuuupiiii xdrinka
QuoteNYSE Trading Surges to Record on Expiration, S&P 500 Changes - Bloomberg.com
Dec. 19 (Bloomberg) -- New York Stock Exchange trading surged to a record 3.15 billion shares as derivatives expiration and changes to the Standard & Poor's 500 Index lifted volume to more than double this year's average.
Yesterday was the last day of trading for December futures and options on U.S. indexes and stocks. The expiration, a quarterly event known as "quadruple witching," boosts volume because investors and dealers must buy and sell stocks and derivatives to move positions into future months and make corresponding trades to hedge, or cancel out, their risk of loss. Visa Inc. was among five companies that joined the S&P 500 yesterday, forcing funds that track the index to buy shares.
U.S. trading has slowed as the S&P 500 rebounded from a 12- year low in March, with average monthly volume falling 36 percent. Fewer than 7.87 billion shares changed hands each day on U.S. exchanges during November, the lowest month average since August 2008, Bloomberg data show. Analysts including Mary Ann Bartels at Bank of America Corp. say the slowdown in volume was a bearish sign following the S&P 500's 63 percent surge.
When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Sat Dec 19th, 2009 at 03:56:12 PM EST
[ Parent ]
Re: Economy and Finance (none / 0)
what a relief, the casino is still pumping bubbles and money.
i was worried for a while that wall st would have a christmas out in the cold.
must be nice to know the full faith and power of the state is behind you when the next crash comes, and that unborn generations will pick up the tab on your losses, and let you keep the wins... hell, nice to know you own the only people who could change the situation.
happy revelling! it'll be a good year for moet and chandon.
While in England... :evil:
QuoteBank of England Calls Bluff of Bankers Who Threaten to Depart UK to Avoid Taxes
The UK is providing a lesson the US badly needs to learn, that push comes to shove, regulators hold the whip, and have to be willing to use it when necessary. Given how intransigent the financial services industry has become, the time for discipline has come.
....
In response to a 50% bonus supertax, bankers in the UK are threatening to decamp, as if that will move the authorities to relent. They are not blinking. And with good reason. The idea that everyone ensconced in a large financial firm can decamp to a hedge fund or a private equity fund, or start their own boutique is wildly exaggerated. Even though many traders like to cast themselves as solo producers, they have tremendous advantages by operating in a large firm, namely, access to concentrated capital and information flows, and in many cases leverage that either cannot be obtained at all in a smaller firm format or would be far more costly. Similarly, a lot of supposed "talent" in other businesses depends on the firm franchise to a greater degree than they fancy.
....
The Guardian tells us that Bank of England officials are telling unhappy bankers that they are free to take a hike, and England may well be better off without them. By contrast, every time US banks have gotten themselves all worked up (the list seems endless, plain vanilla products, mortgage cramdowns, usury ceilings, exiting the TARP so they can pay high bonuses) the US officialdom has caved. And this behavior simply encourages the banks to escalate their demands.
A senior bank of England official said that bankers moving overseas to avoid the bonus supertax could be price worth paying to achieve lasting reform of the sector.
Andy Haldane, the bank's head of financial stability, also said that banks had become too big and was sharply critical of a culture where bankers could take huge risks in the knowledge that the taxpayer would bail them out.
In an interview with the BBC World Service, Haldane said: "Some of the downsides of carrying around a big financial system are now evident to all.
"If some of that were to migrate overseas that would be unfortunate but given the costs of carrying that financial system around, it may be a price worth paying."
I malo o shefu Casina :
QuoteBernanke Confirmation Headwinds Increasing Yves Smith
The party line is that Ben Bernanke's confirmation for a second term as Fed chief is a shoe-in, although he might face an unseemly amount of roughing up, like having to step down briefly if the senators who plan to put a hold on his vote succeed in delaying it beyond the end of January. And then there is also that wee inconvenience that Congress has woken up to the fact that the electorate is seriously unhappy about bailouts without accountability and reform, and the Fed allowed the Treasury to circumvent normal budget approval processed (as Willem Buiter has put it, the Fed acted as a "quasi-fiscal agent" of the Treasury). So a little, perhaps a lot, of curtailment of the Fed's expanded role is in the offing.
But the sands are shifting against Bernanke. A mere month ago, the idea that he would face a filibuster was inconceivable. Similarly, no one would have thought he would have 30% of the Senate Banking Committee vote against his confirmation.
But what is particularly telling is that sentiment is continuing to erode. From Politico:
Six Republicans and one Democrat on the Senate Banking Committee voted Thursday against Ben Bernanke's nomination to a second four-year term as chairman of the Federal Reserve -- signaling to some Fed watchers that President Barack Obama's pick could be in more trouble than previously thought.
"It's not the foregone conclusion it was a couple of weeks ago," said Brian Gardner, a bank analyst with Keefe, Bruyette & Woods.
Two aspects of the two-hour debate that preceded the committee vote struck Gardner as worrisome for Bernanke: the unenthusiastic -- even apologetic -- tone from some of the senators who voted yes and a dispute over the Fed's refusal to release documents about the bailout of insurance giant American International Group to senators on the committee.
Sens. Jim Bunning (R-Ky.) and David Vitter (R-La.), in particular, complained about the Fed's lack of transparency. In the case of AIG, some banking committee staffers were allowed access to documents, Bunning said, but individual senators and the public were not allowed to see the information because the Fed said it was "protected."
That spat could have legs, Gardner said, and if it resonates with a public already fuming at the Fed, it could sway the votes of yes-leaning senators.
vbo od miliona vesti koje se mogu naci tvoja selekcija najvise govori o tebi.
sto je OK, nisam samo sigurna da li ti zelis da mi znamo ono sto si nam rekla?
Ја не смем ни да помислим шта све пропуштам тиме што не читам ове ВБО уломке & приопћења за тисак.
Јел' може то бре својим речима.... онако, природно...
QuoteЈел' може то бре својим речима.... онако, природно...
Moze:
1. Na Wall streetu je "business as usual" shto ce reci casino radi i nikad im bolje. Lepo je znati da drzava i tax payeri uvek stoje iza tebe :mrgreen:
2. Londonski bankari bash ono pravo ljuti shto hoce da im oporezuju bonuse pa zapretili da ce da se sele. Ovi im poruchili " good luck" i kazu mozda ce nam biti bolje bez vas xrofl . U stvari blefiraju i jedni i drugi :mrgreen:
3.Bernanke the greatest u USA treba da bude izabran opet za "Fed chief-a"...da dovrshi poso.Medjutim neki su glasali protiv a i oni koji su glasali za bili su neshto sramezljivi.Senat je trazio da Bernanke polozi rachune o parama koje su dali gospodi iz "insurance giant American International Group"
ali je Bernanke odbio da da informaciju jer je ona "protected."Zashticene informacije o parama tax payera...divne li demokratije :mrgreen:.Poshto javnost vec pizdi na Feds moze se desiti da Bernanke i ne prodje tako lako ( u shta lichno sumnjam).
Jelence naravno da sve shto radimo govori o nama samima. Tako i ovi postovi. Feell free to post happy posts :|
Ben Bernanke zasluzuje spomenik za zivota.
Quote from: zagor te nej on December 21, 2009, 02:48:26 AM
Ben Bernanke zasluzuje spomenik za zivota.
samo zato sto nas je izgleda izvadio iz bule? A sta dobija za to sto nas je u istu uvalio?
S paznjom cu poslushati dijalog vas dvojice ;)
Nije on. Technically, Sir Alan nas je uvalio.
technically, ali je bio jedan od guvernera i bio je uz Greenspana.
Quote from: vbo man on December 21, 2009, 02:45:55 AM
QuoteЈел' може то бре својим речима.... онако, природно...
Moze:
1. Na Wall streetu je "business as usual" shto ce reci casino radi i nikad im bolje. Lepo je znati da drzava i tax payeri uvek stoje iza tebe :mrgreen:
2. Londonski bankari bash ono pravo ljuti shto hoce da im oporezuju bonuse pa zapretili da ce da se sele. Ovi im poruchili " good luck" i kazu mozda ce nam biti bolje bez vas xrofl . U stvari blefiraju i jedni i drugi :mrgreen:
3.Bernanke the greatest u USA treba da bude izabran opet za "Fed chief-a"...da dovrshi poso.Medjutim neki su glasali protiv a i oni koji su glasali za bili su neshto sramezljivi.Senat je trazio da Bernanke polozi rachune o parama koje su dali gospodi iz "insurance giant American International Group"
ali je Bernanke odbio da da informaciju jer je ona "protected."Zashticene informacije o parama tax payera...divne li demokratije :mrgreen:.Poshto javnost vec pizdi na Feds moze se desiti da Bernanke i ne prodje tako lako ( u shta lichno sumnjam).
Jelence naravno da sve shto radimo govori o nama samima. Tako i ovi postovi. Feell free to post happy posts :|
Е тако те волим.
4. mars u kuhinju...
Ja reko ti me ignorishesh malisha :mrgreen:
Bernanke je, srecom, celu akademsku karijeru proveo proucavajuci veliku depresiju, i osobito neadekvatne odluke drzavne adminitracije koje su produbile krizu. Ako je postojao iko u Americi idealan da bude na mestu sefa FEDa prosle jeseni, to je bio on. Greenspan je kriv sto je slavinu novca drzao odvrnutu 2-3 godine duze nego sto je trebalo. Bernanke je, slicno Obami, nasledio veoma komplikovanu situaciju u ekonomiji, i njegove reakcije su bile egzemplarne. Uspe li da nadje fini balans izmedju povlacenja stimulativnih mera u ekonomiji, i ohrabrivanja ekonomskog ratsa, cenim da ce u istoriji ostati zabelezen kao veoma, veoma uspesan covek.
By Philip Aldrick and Jonathan Sibun
Dec. 28 (Telegraph) -- JP Morgan, the giant US investment bank, has warned the Chancellor it may scrap plans to build a £1.5bn flagship European headquarters in Canary Wharf if politicians don't rein in their attacks on the City.
Jamie Dimon, chief executive, made the coded warning to Alistair Darling in an angry phone call after the Government revealed its 50pc super-tax on bonuses in the pre-Budget report.
Although Mr Dimon did not explicitly threaten to can the 1.9m square foot Docklands development, he pointedly used it to demonstrate the bank's commitment to London.
When JP Morgan bought the land for £237m in November last year, it wrote into its contract with Songbird Estates, the owner of Canary Wharf, an option to pull out. A decision has to be made before the option expires by the end of 2010.
At the time, the bank's ambitious plan for a five-year development that left acres of room to grow was seen as a strong vote of confidence in London, demonstrationg its intention to invest and expand in the UK.
However, JP Morganis now considering its options, in part as a result of the authorities change in attitude. Concerns have been raised by the Financial Services Authority's (FSA) crackdown on pay, which bankers say is stricter than any other major financial centre, and the 50pc higher rate of income tax, as well as the super-tax on bonuses above £25,000. Global regulatory changes have also contributed.
Sources close to the bank said scrapping or substantially scaling down the development has been on the cards for the past two months. "Why would you want to make that kind of investment in London now?" a senior insider said. Others claimed that Mr Dimon was so furious with the Treasury about the super-tax – as JP Morgan has not received UK Government support – that "he wanted to lay down a marker".
Bankers say regulatory pressure and the shifting tax regime have made Britain a far less attractive place to do business.
International banks, which assess where to place their capital at the end of every financial year, now plan to scale back investment in the UK. Even Paris, which has introduced a watered-down version of the super-tax on cash bonuses alone, is stealing a march over its traditionally superior rival, London.
JP Morgan's implicit threat is the clearest example yet of disquiet. A Treasury spokesman confirmed the call, adding:
"Alistair Darling regularly discusses this type of issue with senior executives. The tax on bonuses is a fair measure because no bank would be left standing without Government intervention."
A JP Morgan executive stressed: "There were no threats made on the call and we have made no decisions on people or buildings based on the super-tax announcement."
In addition to the super-tax, bankers have been exasperated by the FSA's new rules on pay, which "are not in line with other countries", one said.
The FSA defines all bankers on £1m or more as holding "significant influence functions" and demands that 60pc of their bonus is deferred over three years. Certain bankers on £500,000 and above also fall into the category.
Executives say the FSA definition catches "two to four times as many staff" as qualify under guidelines from the Financial Stability Board, the global regulator. In other countries, under the G20 accord, "it doesn't apply to as big a population", one banker said – further damaging the City's competitiveness in retaining talent.
This banker expects the super-tax to raise £3bn to £5bn and catch as many as 100,000 bankers, rather than the £550m and 20,000 the Treasury predicts.
QuoteHowever, JP Morganis now considering its options, in part as a result of the authorities change in attitude.
...Sources close to the bank said scrapping or substantially scaling down the development has been on the cards for the past two months. "Why would you want to make that kind of investment in London now?" a senior insider said.
Da to je pitanje? Ali nema mnogo veze sa ovom taksom...
UK je u takvim govnima da je otvaranje ove filijale ne vadi uopshte.Tako da su smeshni xrofl
QuoteInternational banks, which assess where to place their capital at the end of every financial year, now plan to scale back investment in the UK.
Kao shto i sami Englezi kazu: ko zna ( mozda) zashto je to dobro :mrgreen:
QuoteThis banker expects the super-tax to raise £3bn to £5bn and catch as many as 100,000 bankers, rather than the £550m and 20,000 the Treasury predicts.
Even better...
Al' trabunjas, pa to je revijalno.
Ima se (vremena), moze se...
Quote from: zagor te nej on December 29, 2009, 12:55:13 PM
Al' trabunjas, pa to je revijalno.
Ne kaze se "revijalno" nego "za medalju" :mrgreen:
:mrgreen:
:| xyxy
QuoteTelegraph | Goldman Sachs denies betting against its clients on CDOs
In a rare statement of defence, the American investment bank has offered a detailed explanation of its dealings in mortgage-backed products, particularly regarding collateralised debt obligations (CDOs), in the years preceding the financial crisis.
The explanation was prompted by an article in the New York Times in which former Goldman employees and debt experts claimed that the bank knew the CDOs it was designing and selling to clients were highly risky. The sources claimed that rather than warning clients of the dangers, Goldman spent millions of dollars "short-selling" the instruments, reaping vast rewards when they imploded.
by Sassafras on Tue Dec 29th, 2009 at 03:42:11 PM EST
----------------------------------
Well, as Mandy Rice-DAvis once famously said of an outraged denial "well, 'e would, wouldn't 'e ?"
keep to the Fen Causeway
by Helen
-----------------------
Quite frankly I have little sympathy for the buyers of GS junk - they should have done their due diligence and analysed what they were buying. I saw one of the GS prospectuses "selling" that kind of paper and if you read the fine print (which IS the job of these buyers) it was all there in painful detail.
The real scandal is how GS gamed the ratings methodology of the agencies (with their complicity, as they sold "consultancy" services in that respect) to get the supposedly independent stamp of approval of these deals through the high ratings.
But looking at the deals in detail should have been enough to see these things were not that strong - and many people did do that, and quite a few did make money by betting against them (including GS... - but then it is also a basic question of due diligence as a buyer as to whether the entity selling you some paper keeps some for itself or is keen to get rid of it completely...)
by Jerome a Paris
-----------------
Yes, it should have been their job to notice that -although some were probably not professional buyers of assets, and rather merely rich people. OK, not the people deserving most sympathy but not necessarily a failure in competence.
But that is no excuse for the act of selling something while making sure it crashes. It might have been legal (I don't know), it was still unacceptable. The analogy with buying insurance on someone else's home and then committing arson is quite fitting.
Then of course, they gamed the rating system to claim the house was fireproof so there would be a buyer and they could buy the insurance...
by Cyrille
----------------
They did not commit arson they bought insurance on a house which was already on fire. The people who sold the insurance should have known better.
by Jerome a Paris
-----------------------------
Sve je to kur@c spram poruke koju sam dobio onomad... Ok, cirkularna poruka - nisam ja (bio) jedini al' opet - potpisao niko drugi do John Meriwether (aka mr LTCM) licno. Zadnje vreme doslo...
:D
Quote from: iDemo on December 30, 2009, 03:19:01 PMcirkularna poruka
mr LTCM
8-) :| xjap :?:
Tako je i samoupravnoj, socijalistickoj odzvonilo kad su poverljive stvari iz "Sluzbenog lista" (i osobito one iz "Internog informatora") pocele da se prepricavaju po ulici...
QuoteRe: Economy and Finance (none / 0)
For Wall St., Question on Top Bonuses Is 7 Figures or 8 - NYTimes.com
Everyone on Wall Street is fixated on The Number.
The bank bonus season, that annual rite of big money and bigger egos, begins in earnest this week, and it looks as if it will be one of the largest and most controversial blowouts the industry has ever seen.
Bank executives are grappling with a question that exasperates, even infuriates, many recession-weary Americans: Just how big should their paydays be? Despite calls for restraint from Washington and a chafed public, resurgent banks are preparing to pay out bonuses that rival those of the boom years. The haul, in cash and stock, will run into many billions of dollars.
Industry executives acknowledge that the numbers being tossed around -- six-, seven- and even eight-figure sums for some chief executives and top producers -- will probably stun the many Americans still hurting from the financial collapse and ensuing Great Recession.
Goldman Sachs is expected to pay its employees an average of about $595,000 apiece for 2009, one of the most profitable years in its 141-year history. Workers in the investment bank of JPMorgan Chase stand to collect about $463,000 on average.
Ako ako samo napred...shto gore to bolje...Kazu nikad profitabilniju godinu nisu imali...
Dal ce se (glupi) Ameri pre ili kasnije dosetiti da ih neko ovde zajebava... xsex tj jebe u zdrav mozak. Chemu su onda sluzili bailouts... ma jok...nece se setiti... :P
QuoteRe: Economy and Finance (none / 0)
"Fire Geithner Now!" Guest post on Naked Capitalism
By L. Randall Wray, Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute, who writes for New Deal 2.0.
There is a growing consensus that it is time for President Obama to fire Treasury Secretary Timothy Geithner. While he is at it, he needs to clean house by firing Larry Summers, by banning Robert Rubin from Washington, and by appointing a replacement for Chairman Bernanke. It is time for a fresh start.
Geithner is facing renewed scrutiny due to his questionable actions while at the NYFed. As reported on Bloomberg and in the NYT, secret emails show that the NYFed under Geithner's command prohibited AIG from reporting that it was passing government bail-out funds directly to counterparties, including Goldman Sachs. AIG had been negotiating with the banks, asking them to take as little as 40 cents on the dollar against bad CDOs they held. AIG was the biggest insurer in the country and had provided $62 billion of credit default "insurance" to these banks. The CDOs went bad and AIG could not cover claims. It was forced into insolvency and the government came to the rescue, with $182 billion of bailout funds through last June. By all rights, its counterparties should have lost big on their bad bets. Apparently, Geithner arranged the bailout of AIG with full knowledge that it would pass the bailout funds directly to the banks. Whether or not some protection should have been provided to the banks, it clearly was not good public policy to provide dollar-for-dollar protection to them. If you are a favored Wall Street bank, no bet can go bad!
Geithner's relations with Wall Street bankers have always been incestuous, raising serious questions about his intentions. Note that Geithner worked with then Treasury Secretary Paulson to broker the AIG deal. Paulson, of course, had been the CEO of Goldman. Geithner is the protégé of Clinton's Treasury Secretary Rubin, also from Goldman, and he got his job at the NYFed through the efforts of Pete Peterson. In addition to the AIG deal, Geithner had the NYFed provide $29 billion of funding for J.P Morgan Chase's hostile takeover of Bear Stearns. In the deal, the NYFed got $30 billion of questionable collateral. Geithner hired Blackrock in a no-bid contract to manage these assets. Blackrock is a spin-off of Pete Peterson's Blackstone Group, and was 49% owned by Merrill Lynch, headed by John Thain (another Goldman alum). As head of the NYFed, Geithner's closest advisors were Thain, William McDonough (Vice Chairman at Merrill), Gerald Corrigan (Managing Director at Goldman), Jamie Dimon (JP Morgan), and Richard Fuld of Lehman's. The head of the NYFed's Board of Directors was Stephen Friedman, former Goldman Sachs Chairman. As Gary Weiss put it back in 2008, "Thus Geithner reports to a board that is composed of people who are not only under his purview but would also benefit from any potential bailouts. The structure of the New York Fed's board bears more than a passing resemblance to that of the New York Stock Exchange in the bad old days, when member firms, regulated by the N.Y.S.E., were heavily represented on its board". The AIG deal seems to have been business as usual for Geithner.
According to Representative Darrell Issa, Republican of California, "It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information to the S.E.C.". Not only did Geithner want to keep this information from the public, but also from fellow regulators. (Whoops, Geithner admitted he was never a regulator while at the NYFed.) Indeed, at the time, Geithner refused to even tell Congress who the counterparties were-until overwhelming pressure required that he release the names. This smells fishy because it is.
The Fed's justification for such secrecy was that it was trying to preserve the value of the taxpayer's investment in AIG. (Vice President Donald Kohn explicitly made this argument before the Senate.) But that is nonsense-there was no value to preserve. This was just a give-away to protect Goldman and other counterparties. We now kLater when AIG's executives demanded that compensation limits be lifted so that they could get their bonuses, Geithner came to their rescue, arguing that contracts are contracts no matter how putrid they might appear. We now know that the executives were demanding cash rather than stocks in their own firm because they expect the stocks will prove to be worthless-they are managing a firm that will never have any value and they know it. This is something Geithner refuses to tell the public.
Ja ovo nishta ne razumem jer moze neko da objasni malo :? :evil:
I josh...makar vi ne chitali :x. Ovo je samo jedno mishljenje...nije moje :idea:
QuoteRandall Wray then lists his disederata for a new economic team:
We need an economic team that recognizes the following:
1. Banks do not face a liquidity crisis, rather they are massively insolvent. Reported profits are due entirely to trading activities-which amount to nothing more than a game of Old Maid, with institutions selling bad assets to each other at inflated prices on a quid-pro-quo basis. As such, they need to be shut down and resolved. Geithner is not the right person to head such an effort because his past resolutions have always been designed to protect Wall Street, not Mainstreet.
2. Saving financial institutions does not save the economy. The financialization of the economy promoted by Greenspan and Rubin has led to a financial sector that is at least three orders of magnitude too big. If anything, all the efforts directed toward saving Wall Street have only made the economy more fragile. Another financial crash is inevitable because the financial system is still too large to be supported by the economy-even if the economy could recover. We need a Treasury Secretary who recognizes that the best course of action is to downsize the financial system. Geithner is not that guy.
3. As such, all of the bail-outs and guarantees provided to financial institutions (over $20 trillion) need to be unwound. Not because we cannot "afford" them but because they are dangerous. Unfortunately, Congress has come to see all of these trillions of dollars committed to Wall Street as a barrier to spending more on Mainstreet. Thus, even if the Wall Street bail-outs were not dangerous, they need to be reversed to generate fiscal policy space for another economic stimulus package. It will not be easy to convince Congress that the solution to our economic crisis is more government spending. And Geithner is not the Treasury Secretary to lead such an effort because he has lost the confidence of Congress and the public.
4. Finally, we need an economic team that understands government finance. The current team is hopelessly confused, led and misguided by Robert Rubin. He thinks government is nothing but a big household, which must balance its budget. He continues to believe that the Clinton boom was due to federal budget surpluses, not recognizing that it was actually due to an unsustainable boom of household borrowing. Indeed, as Clinton's Treasury Secretary, he oversaw the creation of the conditions that led to this current crisis. The new team must have no connection to Rubin (or Pete Peterson) and his anti-deficit hysteria. The Great Depression of the 1930s only ended with the massive spending of WWII, when the budget deficit reached 25% of GDP. Our current situation is not yet that severe, and it is likely that a sustained recovery can be obtained long before the budget deficit reaches such a level. However, the longer that Geithner, Summers, Bernanke, and Rubin remain in charge, the greater the probability that this could still turn into another Great Depression. (My bold.)
Evo pochelo ih (valjda) chardzirati i 'apsiti ( bar da se zamazu malo ochi svetini) :
QuoteBofA, ex-CEO Lewis charged with fraud | Reuters
NEW YORK/ORLANDO, Florida (Reuters) - New York's attorney general charged Bank of America Corp, former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the bank's acquisition of Merrill Lynch & Co.
Separately, the U.S. Securities and Exchange Commission said the largest U.S. bank agreed to pay a $150 million (95 million pounds) civil fine and strengthen disclosure and corporate governance to settle its two lawsuits alleging poor disclosure of Merrill's losses and bonus payouts. The accord requires court approval.
QuoteInsider trading case of 2007 led to Galleon | World | Reuters
NEW YORK (Reuters) - The cooperation of two former hedge fund managers in a 2007 insider trading case led to the arrest of seven traders and lawyers last November in the wide-ranging Galleon prosecutions, a U.S. prosecutor said on Thursday.
During a sentencing proceeding for former Chelsey Capital hedge fund manager Mark Lenowitz in the 2007 case, Assistant U.S. Attorney Andrew Fish told the judge that Lenowitz's cooperation led to the prosecution and cooperation of his onetime colleague at Chelsey Capital, David Slaine.