70s commie phase strikes again

[Tromotorac]

Sad ce Carbon-Credit jedinica da izvrsi desant na tvoj tavan...

Carbon-Credit jedinica, odred Acorn...  xfrog
A tek kad vide drva u bek jardi. Tad sam najebo po dva osnova:carbon-pollutant + je protivu tree-huggers.

Aii, pa ti si opkoljen - Acorn spreda a treehugging brigade odpozadi. Srecom, za sve ima leka:

Old Machinegun

[Pijanista]

Srbin to radi kuburom:

[Tromotorac]

Trebace puno kubura za 10,000 acornovaca grada Cikaga...

[Hate mail]

Pozdravlja vas gospodin Predsednik sve.

[tarana]

teško je čitati vas. samo veznici su na srpskom.

[Pijanista]

Pinki je video Tita

[Hate mail]

Drugi put...

[Pijanista]

[iDemo]

Uh, poceo sam pre par dana da citam "Sok Dokrtina" od Naomi Klein. Hteo sam da odustanem posle 15 strana, nekako izdrzav do 50-te i mislim da cu definitivno da prekinem. Jebote, to treba najuriti u Manitobu da cuva ovce.

Ja imam (skoro) sve njene knjige - kupljene na rasprodaji za $2. Ni jednu nisam (jos) procitao al' se spremam. Oshtro...

[Pijanista]

Sto se nisi cenkao?

[iDemo]

Sto se nisi cenkao?

Australijskih...
xrofl

[Pijanista]

A, onda OK.
Edit> pogresno mesto

[zagor te nej]

Uh, poceo sam pre par dana da citam "Sok Dokrtina" od Naomi Klein. Hteo sam da odustanem posle 15 strana, nekako izdrzav do 50-te i mislim da cu definitivno da prekinem. Jebote, to treba najuriti u Manitobu da cuva ovce.

Ja imam (skoro) sve njene knjige - kupljene na rasprodaji za $2. Ni jednu nisam (jos) procitao al' se spremam. Oshtro...

Gubis vreme. Stvarno go qrac. ja volim da citam one sa kojima se ne slazem, ali moraju da budu barem inspirativni. Ova je em udavna, em bez veze.

[neprijateljska emigracija]

Veruj mi da ne bi zelela da zivis u svetu u kom je bank run unistio globalni bankarski sistem jer drzave nisu intervencionisale i stabilizovale situaciju.

Pa jeste ja i ochekujem ( naivno) da drzava intervenishe a ne da baca pare taxpayera kako ti ono reche chini mi se "iz helikoptera".Kad su pitali onu muchenicu shto je glavni neki "inspektor" za finansije pri administraciji u USA :"Gde su pare" ( misli se na trilione dolara "iz helikoptera" ona muchenica kaze " Ja ne znam">Kad su je pitali kako moze da ne zna a na tom je polozaju ona reche neshto u stilu " Ja sam pitala ali niko nece da mi odgovori...probajte vi da pitate ( obraca se novinaru".Opshte rasulo...i ti to zovesh intervencija xuss.

Izvini, ali pricas kojesta.
Tacno se zna ko je dobio koliko novca, veliki deo programa  je isplacen nazad treasuriju, investicija je bila planirana na nivou $700B, zbilja je $200B manje od toga, program je za sad cak profitabilan, cemu se niko nije nadao. Na AIG ce se izgubiti deo investicije, ali je sustina programa ispunjena - finansijski sistem je stabilizovan, tokovi novac su vraceni u normalu, nema panike na money marketu, ova godine je rekordna u svetu po kolicini refinansiranih korporativnih zajmova i obveznica. Americki TARP je apsolutni uspeh. To je prosta cinjenica.

Evo ga i YouTube link:

Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?


Mislim da sam ga i na starom forumu bio okacio.

[alan ford]

Tacno se zna ko je dobio koliko novca, veliki deo programa  je isplacen nazad treasuriju, investicija je bila planirana na nivou $700B, zbilja je $200B manje od toga, program je za sad cak profitabilan, cemu se niko nije nadao. Na AIG ce se izgubiti deo investicije, ali je sustina programa ispunjena - finansijski sistem je stabilizovan, tokovi novac su vraceni u normalu, nema panike na money marketu, ova godine je rekordna u svetu po kolicini refinansiranih korporativnih zajmova i obveznica. Americki TARP je apsolutni uspeh. To je prosta cinjenica.

WASHINGTON – The Treasury Department is acknowledging for the first time that it lost $61 billion on two key programs designed to stabilize the economy after the largest financial crisis in decades.

The government is losing more than $30 billion on lifelines extended to insurance giant American International Group Inc., according to Treasury data released Wednesday in an audit by the Government Accountability Office. It also is losing more than $30 billion on rescues of struggling automakers Chrysler and General Motors.

Treasury says the losses are offset in part by profits earned from bank bailouts. It says the bank bailouts will net taxpayers $19.5 billion.

Over all, the bailouts are projected to cost taxpayers $41.5 billion.

[neprijateljska emigracija]

Ponovo: stvar nije toliko u samom TARP-u, koliko je u tom preuzimanju MBS od strane FED-a. Off ballance sheet accounts, etc.

[zagor te nej]

Gresis. Fed je stabilizovao hipotekarno trziste koje se potpuno raspadalo, plus je ovo iskorisceno kao injekcija novca u market pod necuvenim deflatornim pritiskom. Bernanke je vrhunski vatrogasac.
Alane, TARP ce na kraju da kosta, prevashodno zbog AIGja, ali je svaki realizovani program do sad bio profitabilan. $5B je zaradjeno na BofA, Citi ce da bude profitabilan, JPM je bio profitabilan, GS je bio profitabilan. Sve je ovo sasvim nepocekivano jer su projektovan gubici na Tarpu bili izmedju 25% do cak 50%. A i to je prihvatljiva cena u poredjenju sa jebenim ambisom.

[vbo man]

Citi ce da bude profitabilan

Just one opinion :

It would be if it was not the case that the City is a Vampire Squid bleeding the whole world, as opposed to just the UK.

The sooner the City is disintermediated, and becomes a service provider, the better. Indeed, due to the systemic and terminal shortage of bank capital, I do not believe that they would have any other option other than State ownership.

[zagor te nej]

Citi se sprema da izadje iz Tarpa pre nove godine.

[neprijateljska emigracija]

Gresis. Fed je stabilizovao hipotekarno trziste koje se potpuno raspadalo, plus je ovo iskorisceno kao injekcija novca u market pod necuvenim deflatornim pritiskom. Bernanke je vrhunski vatrogasac.
Alane, TARP ce na kraju da kosta, prevashodno zbog AIGja, ali je svaki realizovani program do sad bio profitabilan. $5B je zaradjeno na BofA, Citi ce da bude profitabilan, JPM je bio profitabilan, GS je bio profitabilan. Sve je ovo sasvim nepocekivano jer su projektovan gubici na Tarpu bili izmedju 3od 25% do cak 50%. A i to je prihvatljiva cena u poredjenju sa jebenim ambisom.

Mogu da prihvatim da je jedan dio tih mjera neophodan, jer je gro banka nelikvidan ( o ulozi FED - samog Bernakea u kreiranju krize neki drugi put).

Ali zasto se to onda ne uradi uz potpunu transparentnost i javnu raspravu? TARP barem sadrzi nekakav mehanizem kontrole, ogranicenja i obavezu da se on isplati nazad.

Ali preuzeti ~$1.5T ( i velikim dijelom monetizirati) losih dugova je ne samo stetno po buducnost drzave, vec je i protivzakonito.

[zagor te nej]

Nije protivzakonito,  FED ima ogromnu autonomiju u odrzavanju stabilnosti monetarnog sistema, i treba da je ima, sta god o tome mislio onaj histericni Paul i slicna ekipa poluobavestenih magaraca.
Da nije upumpavan novac u ekonomiju, situacija bi bila mnogo teza, i na kratak, i na srednji, i na dug rok. Posle Japana, deflacija nije teorijski pojam, nego dokazano katastrofalan ekonomski ishod.

[vbo man]

President Nicolas Sarkozy is to follow Britain's lead and impose a one-off tax on bonus pay-outs by banks operating in France.

    The French government intends to include the 50 per cent tax in the budget bill going through parliament. It will be levied on bonus pay-outs above €27,000 and will be paid by the banks, bringing Paris in line with London.

    France and Britain want similar one-off taxes to be adopted across the EU.

    A senior French official told the Financial Times that the French government had been considering such a tax for some time but had been deterred from doing so by the threat to the competitiveness of Paris as a financial centre.

    "There is no obstacle to doing it now if it has been done in London," the official said.

[vbo man]

Razmishljanja jednog Francuskog bankara :

by Jerome a Paris
Thu Dec 10th, 2009 at 05:36:11 AM EST
Bankers and their flunkies are lying with abandon in an attempt to crank up the faux-outrage at the recent decision by the UK government to impose a new 50% levy on banks bonuses.

In one of the most shameless misuse of maths, the FT says that Top bankers' bonus rate to top 100%:

    John Whiting, policy director of Chartered Institute of Taxation, said the total tax rate on bonuses for high-earning bankers would be about 104 per cent, of which about half would be paid by the employee. For an individual receiving a bonus of £1m, the bank would pay the new tax of £500,000, total national insurance would be £138,000 and personal income tax would be £400,000.

Given that the 50% levy is not paid out of the bonus, but is paid additionally by the bank, this is, quite simply, a lie. The tax rate for bankers will not change one iota - for a £1 million bonus, it would be 53.8% payable in taxes and social charges. What would change would be the cost for the banks to pay out the bonus, as they'd need to cough up an additional £500,000.

If you wanted to come up with a all-in tax rate (ie amount in taxes to overall amount paid by the employer, you'd end up with 1,038k to 1,500k, ie a rate of 69.2% in that exemple.

In other words, this levy is correctly designed to penalize employers that want to pay out bonuses, but still makes it possible to do so, in a way which is less socially destructive than before.

In any case, the arguments against the levy are wildly contradictory, and someone could have a field day to point out the contradictions they reveal:

    * it is unenforceable anyway as ways to make these payments tax-free will be put in place .
      Why the outrage, then, if it's ineffective? Wouldn't the bankers be better placed to look as if they are publicly chastised and discreetly keep to their money? Why is it that they seem to want to be able to flaunt their wealth-capture? Is it that they want to be reassured that they actually deserve that money?

    * it will weaken London as a financial center, as bankers move to Switzerland or New York.
      I must confess to be nonplussed by these assertions of the profound weakness of London's position. Who knew that all it took to attract people away from the City was lower taxes - it's rather amazing that no other place on the continent has thought of doing that before, and that other countries conspired to let London keep its position so far... Specialisation, expertise concentration, "cluster" and network effects do not matter. Who knew that people would so easily abandon family, friends and the supposedly fantastic lifestyle quality of London to go to sleepy Zug or untaxed (snort) New York in droves?

    * it's bad for the economy
      The most exasperating argument is that cutting the City to size is somehow a bad thing. It is being repeated with increasing frequency (see Monday's FT for an exemple) that the City has created no perceivable value for the UK economy. It is rather obvious that claims about the prosperity of recent years still refuse to acknowledge the net long term result, ie taking into account the current crisis. And there still is no acknowledgement that the apparent overall prosperity in good years was not shared at all beyond a very small minority, whereas the crisis is disproportionately hitting the poor and middle classes.

    Peter Mandelson, the party's chief strategist, famously remarked: "We are intensely relaxed about people getting filthy rich, as long as they pay their taxes."

The new levy is, arguably, fully compatible with that sunny precept.

[zagor te nej]

Hehe. London je do juce imao jedan competitive advantage u poredjenju sa Parizom i Frankfurtom, od Margaret Thatcher i raskida sa komunjarama tipa Scargilla. Britanija nema manufacturing kao Nemacka, nema ogromnu poljoprivredu kao Francuska. Budale.

[alan ford]

nesumnjivo da se radi o politickom potezu mada ne mislim da ce London to osetiti na duze staze. Prvo radi se o 'one time deal' drugo, sav taj narod koji tamo radi je vecinom iz UK tako da ce po definiciji tu i ostati i traziti novi posao - ako im ovo nije po volji. Trece, i ja sam za kadno oporezivanje ili ogranicavanje bonusa kod banaka koje su dobile pare od drzave. Ili neka im daju pare za dobro poslovanje a oduzmu za protekle godine kada su stvarali sve ove derivate i trejdovali ih te doveli do ovoga.

[zagor te nej]

Nema snase da je one time deal. Fiskalna rupa Velike Britanije je takvih razmera da su zesce povisene takse neminovne. Branice AAA rating kako god znaju i umeju, cena gubljenja top ratinga za njih je prohibitivno visoka. A nema politicke volje da se seche potrosnja.

[Pijanista]

Moze li meni neko ukratko da objasni zasto je UK u cabru?
Missim, od kolonijalne sile, prve industrijaliizovane zemlje, posle II sv rata u kome ni izdaleka nisu stradali kao Nemacka su spali na ovo sad. Njihov dug je ogroman, u poredjenju sa ostalim zemljama EU skolstvo i zdravstvo im je katastrofa....

[zagor te nej]

Skup a zloupotrebljavan socijalni sistem, izdrzavanje celokupne Skotske i severne Engleske decenijama.

[Pijanista]

hehe da nisu imali Tacerovu, sad bi isli na rad u Poljsku.

[zagor te nej]

Otprilike. One liberalne vlade iz sedamdesetih su ih nacisto zasrale.

[zagor te nej]

Konacno...


By Sarah Mulholland
     Dec. 10 (Bloomberg) -- JPMorgan Chase & Co. sold $500 million in securities backed by commercial mortgages without aid from a Federal Reserve program to jumpstart lending, according to a person familiar with the transaction.
     The five-part offering marks the third sale of commercial mortgage-backed securities in less than a month following a drought that lasted more than a year, according to data compiled by Bloomberg. The largest top-rated portion priced to yield 2.05 percentage points more than benchmark interest rates, said the person, who declined to be identified because terms are private.
     Real estate companies are taking advantage of investor appetite for the securities to pay down maturing debt. The JPMorgan issue is backed by debt on 55 retail properties across the U.S. owned by Oak Brook, Illinois-based Inland Western Retail Real Estate Trust, the person said. The market opened Nov. 16 as Developers Diversified Realty Corp. sold similar bonds, the first offering of commercial mortgage-backed debt since June 2008.
     "Clearly there is a demand for well underwritten assets,"
said Scott Buchta, head of investment strategy at Guggenheim Securities LLC in Chicago.
      Today's sale is backed by a $625 million loan from JPMorgan to Inland Western. The loan allowed the company to pay off "virtually all" of its 2009 maturities and a "substantial portion" of 2010 debt, Inland Western Chief Executive Officer Steven Grimes said in a Dec. 1 statement.

                         Outside of TALF

     Developers Diversified, based in Beachwood, Ohio, sold its bonds through the Federal Reserve's Term Asset-Backed Securities Loan Facility, or TALF. Both today's sale and a $460 million Bank of America Corp. issue on Dec. 4 were sold outside of TALF.
     There may still be some commercial mortgage-backed bonds sold through TALF, though many companies will likely decide against going through the program in part to be able to borrow more against properties, according to Lisa Pendergast, a strategist at Jefferies & Co. in Stamford, Connecticut.
     "The additional leverage required to get some deals done means that many deals won't fit in TALF," Pendergast said in an e-mail. "Given the relatively tight levels on non-TALF deals, issuers will opt to forgo the Fed."
     The government has made reviving the commercial-mortgage bond market a priority as plunging property values and a pullback in lending threaten to derail an economic recovery. U.S.
commercial real estate prices are down 42.9 percent from the October 2007 peaks, Moody's data show.
     Sales of commercial mortgage-backed debt slumped to $12.2 billion last year from a record $237 billion in 2007, choking off financing to borrowers with maturing debt, according to JPMorgan Chase.

For Related News and Information:
Stories about asset-backed securities: TNI US ABS <GO> For top bond news: TOP BON <GO>

[iDemo]

Skup a zloupotrebljavan socijalni sistem, izdrzavanje celokupne Skotske i severne Engleske decenijama.

Pa ko onda gore vadi naftu?

[Pijanista]

UK je kalirala 70-ih, a 80-ih se stabilizovala. A i dalje je u buli.

[zagor te nej]

Skup a zloupotrebljavan socijalni sistem, izdrzavanje celokupne Skotske i severne Engleske decenijama.

Pa ko onda gore vadi naftu?

Mislim da su net uvoznik nafte ponovo. Severno more je ispumpano, manje vise.

[vbo man]

Gordon Brown and Nicolas Sarkozy last night called a truce in their battle over how the City of London should be regulated and declared a joint offensive against excessive bonuses for bankers.

The Prime Minister and French President held a 30-minute tête-a-tête in the margins of a European Union summit in Brussels. A week ago, their meeting was billed as a showdown over inflammatory remarks by M Sarkozy, who declared that Britain was the "big loser" in the share-out of jobs on the European Commission and suggested that his French ally Michel Barnier would use his new post as Internal market commissioner to rein in the "excesses of Anglo-Saxon financial capitalism".

I love it when sinking ships strap themselves together.

[vbo man]

Banking on US Support: EU Calls for Tax on Global Financial Transactions - SPIEGEL ONLINE - News - International

   The European Union is urging the International Monetary Fund to pursue a global tax on financial transactions, known as a Tobin tax. Speaking after a two-day summit of EU leaders in Brussels, Jose Manuel Barroso, president of the European Commission, said: "The conclusion ... is to propose a global financial transaction levy. It wouldn't be fair that some impose very heavy burdens and others don't. I think it makes sense that a sector that created such a problem for our economies, our taxpayers ... also makes a contribution to the overall economy."

   The proposal comes at a time when the International Monetary Fund is trying to develop ways to limit risk in the financial sector. "The European Council emphasizes the importance of renewing the economic and social contract between financial institutions and the society they serve," the EU wrote in the summit's closing statement.

   Ever since the financial crisis plunged the world into an economic downturn, the European Union has been keen to find a way to avoid a repeat. But it is unlikely that the Tobin tax, named after American economist James Tobin, will gain much traction. British Prime Minister Gordon Brown proposed such a tax at November's G-20 summit of developed and emerging nations, arguing that the proceeds could be used to fund future financial bailouts. But the proposal faced immediate opposition from both US Treasury Secretary Timothy Geithner and International Monetary Fund head Dominique Strauss-Kahn.

But they don't want to upset daddy so they won't do it.

[vbo man]

Data on French tax evaders 'was stolen' from HSBC in Switzerland | France 24

    Part of a list of 3,000 alleged French tax evaders being used by the French authorities to put pressure on Switzerland was stolen from HSBC Private Bank by a former employee, a French newspaper has reported.

    Le Parisien reported on Wednesday that an employee working in the IT department at the Geneva branch of HSBC Private Bank stole the information in 2008 before fleeing to France.

Mora da su male plate u IT-u xrofl

[vbo man]

* [new] Re: Economy - 12 December (none / 0)
House Passes Far-Reaching Bill Tightening Financial Rules   NYT

    WASHINGTON -- The House on Friday approved a Democratic plan to significantly tighten federal regulation of Wall Street and the financial sector, advancing a far-reaching Congressional response to the financial crisis still reverberating through the economy.

    After three days of floor debate, the House voted 223 to 202 to approve the measure, which did not get a single Republican vote. It creates a new agency to oversee consumer lending, establishes new rules for transactions that contributed to the meltdown, and seeks to reduce the threat that one or two huge companies on the verge of collapse could bring down the economy.

    "As we have seen over the past year, our financial system is broken and we can no longer afford to maintain the status quo," said Representative Ed Perlmutter, a Colorado Democrat and member of the Financial Services Committee, which spent months assembling the measure. The Senate has made less headway in drafting a companion bill.

    The vote is the most significant legislative act to confront the financial crisis that exploded last year since the vast and costly bailout that was rammed through Congress at the peak of the emergency. It was an effort to address comprehensively what many of the bill's supporters have called the underlying causes of the collapse -- reckless risk-taking unrestrained by regulation.

    The bill's principal provisions establish a process for dismantling large, failing financial institutions; set up a council to identify and regulate firms that are so big, interconnected or risky that they need heightened supervision to keep them from bringing down the whole financial system; create a new consumer financial-protection agency to squelch unfair and abusive practices; and for the first time, regulate over-the-counter derivatives markets. The bill also contains provisions on executive pay, investor protection, credit ratings, hedge funds and insurance.

[vbo man]

We've won round 1!

I have just received confirmation from a very credible Congressional source that the bill to audit the Federal Reserve is included in the House financial reform legislation which passed today. My source says:

       The Fed audit provision which passed the Financial Services Committee a few weeks ago is part of the bill. This is a real milestone, as it means that the full House of Representatives has passed a bill that mandates a complete audit of the Fed.

The effort to audit the Fed - supported by 79% of the American people - is gaining traction.

[vbo man]

Congressman Kucinich has announced that even after his proposed amendment to HR 4173 to tax TARP recipients was shot down, he "will be introducing legislation based on the amendment that [he] offered, that will pave the way for a more fair and just tax treatment of absurd bonuses in the financial industry."

It will be useful to see if the vote goes once again along party lines, in which case the banana republic nature of America will truly shine, as republicans and democrats finally confirm they have terminally flip-flopped on all issues pertaining to Wall Street, even as Main Street anger over banker compensation continues rising. If this proposal gets voted on, Democrats, who will likely once again vote it down, stand to reap the full fury of over 300 million Americans, who will realize that the Democratic party now holds banker remuneration and bonus concerns closer to its heart than those of small and medium-sized businesses (let along Joe Sixpack). And in that case, watch out come mid-term election time. Now if only Bernanke's reappointment can be stalled for another year, there just may be a little hope for capitalism yet.

Ovi Ameri sve komunjare :roll:

[Pareski do]

Кучинић/Кусинич је најближе комунизму у Конгресу.

Otprilike. One liberalne vlade iz sedamdesetih su ih nacisto zasrale.

Лабуристичке, имају и они ЛДП (либералне демократе)...

[E]

Мислиш, Јудаизам?

Slawene u judaizmu ne postoji koncept pakla.

[slawen]

Ти кажеш: "Kapitalizam bez bankrotstva je kao Hrishcanstvo bez pakla"
Ја кажем: "Мислиш, Јудаизам?"

То значи да је: хришћанство без пакла = јудаизам.

А можда је требало да прво спроведем анкету ко је схватио шта сам хотио касти.

[E]

Ти кажеш: "Kapitalizam bez bankrotstva je kao Hrishcanstvo bez pakla"
Ја кажем: "Мислиш, Јудаизам?"

То значи да је: хришћанство без пакла = јудаизам.

А можда је требало да прво спроведем анкету ко је схватио шта сам хотио касти.

nisi se pravilno izrazio

[slawen]

Аха.

[Pareski do]

scientia utrinque par pares contrahentes facit

[slawen]

Јел' то оно једна глава, а два господара?

[Pareski do]

Пошто изнајмљивање твоје?

[slawen]

Tu, autem, filii Parezo.

[Pareski do]

досада