Vollständige Version anzeigen : Now this has to be scary.....not always

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04.03.2009, 18:59
THE MEN WHO EARNED MILLIONS AS MERRILL LOST BILLIONS (http://www.huffingtonpost.com/2009/03/04/merrills-top-10-earners-m_n_171672.html)


"Peter Kraus: Hired as head of strategy at Merrill in September and was given a $29.4 million contract and Merrill stock to replace his holdings in Goldman, where he used to work. He is now the chief executive officer of investment management firm AllianceBernstein."

http://www.huffingtonpost.com/images/v/slideshow/nav_right.gif (http://www.huffingtonpost.com/#)


Quick Read (http://www.huffingtonpost.com/2009/03/04/merrills-top-10-earners-m_n_171672.html) |
Comments (172) (http://www.huffingtonpost.com/2009/03/04/merrills-top-10-earners-m_n_171672.html)
.....wenn jemand unverschämt Kohle abräumt ---> :kotz GS ist nicht weit :mad

04.03.2009, 19:09

Die verdrängten Sünden der Heuschrecken- Bändiger (http://www.spiegel.de/politik/deutschland/0,1518,611329,00.html)

SPD und CDU wollen Manager und Aktienmärkte zügeln. Dabei möchten sie am liebsten vergessen machen, dass sie manchem seltsamen Finanzprodukt selbst den Weg gebahnt haben - und sogar noch mehr Freiheit für Heuschrecken verlangten. Von Markus Dettmer, Nils Klawitter und Christoph Schwennicke mehr... (http://www.spiegel.de/politik/deutschland/0,1518,611329,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6479&goto=newpost) ]

Peer Steinbrück fragt die Lobbyisten um Rat

Auch beim Weg aus der Krise ließ sich die Bundesregierung nun extern helfen. Zehn Anwälte der Großkanzlei Freshfields Bruckhaus Deringer, zu deren Klienten auch manche Bank zählt, halfen über Wochen beim Schnüren des Bankenrettungspaketes - mit dabei auch der Sohn des Ex-Wirtschaftsministers Michael Glos (CSU). Peer Steinbrück rechtfertigt bis heute, dass die Lobby mit Rat und Tat zur Seite steht: Er könne doch "nicht noch einen Experten für Kirschblütenbestäubung vorhalten". Steinbrück hat noch im März 2006 in der "Zeitschrift für das gesamte Kreditwesen" einen glühenden Beitrag im Geiste der Eichel-Zeit geschrieben. Man werde an der Arbeit der Vorgängerregierung anknüpfen, "bestehende Grenzen beim Erwerb von Asset Backed Securities" überprüfen und ändern, das Private-Equity-Gesetz fortentwickeln, die REITs fördern. Das war die gültige Politik, auch noch der Großen Koalition. Im Koalitionsvertrag der Großen Koalition finden sich ähnliche Passagen auf den Seiten 86 und 87. Anlass zur Selbstkritik? "Erkenntnis und Hochverrat ist immer eine Frage des Datums", sagt :kotz Steinbrück und preist die einst "belächelte Bausparkasse".

...aber nein doch :o - das ist in keinster Weise Doppelmoral :Prost

04.03.2009, 19:25
Economic Scene
Job Losses Show Breadth of Recession

By DAVID LEONHARDT (http://topics.nytimes.com/top/reference/timestopics/people/l/david_leonhardt/index.html?inline=nyt-per)
Published: March 3, 2009
What does the worst recession in a generation look like?

Skip to next paragraph (http://www.nytimes.com/2009/03/04/business/04leonhardt.html?_r=1#secondParagraph) Multimedia

http://graphics8.nytimes.com/images/2009/03/03/us/unemp_190x126.jpgInteractive Map (http://www.nytimes.com/interactive/2009/03/03/us/20090303_LEONHARDT.html) The Geography of a Recession (http://www.nytimes.com/interactive/2009/03/03/us/20090303_LEONHARDT.html)

It is both deep and broad. Every state in the country, with the exception of a band stretching from the Dakotas down to Texas, is now shedding jobs at a rapid pace. And even that band has recently begun to suffer, because of the sharp fall in both oil and crop prices.

Unlike the last two recessions — earlier this decade and in the early 1990s — this one is causing much more job loss among the less educated than among college graduates. Those earlier recessions introduced the country to the concept of mass white-collar layoffs. The brunt of the layoffs in this recession is falling on construction workers, hotel workers, retail workers and others without a four-year degree.

The Great Recession of 2008 (and beyond) is hurting men more than women (http://www.nytimes.com/2009/02/06/business/06women.html?_r=1). It is hurting homeowners and investors more than renters or retirees who rely on Social Security (http://topics.nytimes.com/top/reference/timestopics/subjects/s/social_security_us/index.html?inline=nyt-classifier) checks. It is hurting Latinos more than any other ethnic group. A year ago, a greater share of Latinos held jobs than whites. Today, the two have switched places.

If the Great Recession, as some have (http://www.reuters.com/article/ousiv/idUSTRE51B45820090212) called (http://www.nytimes.com/2009/03/01/opinion/01ferguson.html) it, has a capital city, it is El Centro, Calif., due east of San Diego, in the desert of California’s Inland Valley. El Centro has the highest (http://www.bls.gov/news.release/metro.nr0.htm) unemployment rate in the nation, a depressionlike 22.6 percent......

04.03.2009, 19:42

Posted: Tuesday, 03 March 2009 9:20AM

Obama beer sparks controversy

Dave Cohen Reporting
President Barack Obama is getting some flack and some praise after enjoying a beer.

He was at an NBA basketball game and ordered a brew. Images of Mr. Obama enjoying a beer have angered some people.

One caller :kopf to WWL complained, "People are losing 5, 10, 20 thousand dollars a day in the stock market, and he's sitting there drinking a beer!" She also said, "It's insulting... there's a lot of people suffering." She insisted President Obama should not publicly have fun during a time of so much pain. :dumm (...die hat einen Knall - soll er heulen :rolleyes)

"That's the craziest thing I've ever heard in my life," one man called in to reply. "He didn't mess up the country, first of all... let's be real now. A man's gotta take some down time."

"She needs to get a life," another called responded. "We all need to lighten up."

Another man said, "Aww heck, you know, ain't nothin' wrong with it. He's takin' a little break, knockin' him down a cold one."

However, another woman was upset about the courtside presidential beer. "The president is the president 24 hours a day. I don't think he should drink on the job."


04.03.2009, 21:22
Why china is better invest than usa

4-Mar-09 12:09 pm

In the usa if you steal $50 billion (madoff) you get a penthouse sentence. In China if you steal $50 dollars you get death sentence. Good way to keep you honest

...von einem Ami Board

05.03.2009, 09:13
Wed 4 Mar 2009

Grandstanding: A Short How-To (http://lolfed.com/2009/03/04/grandstanding-a-short-how-to/)

Posted by Jason under fail (http://lolfed.com/category/fail/)


One of the neat things about President Obama’s massive package is a website, recovery.gov (http://www.recovery.gov/), where you can watch the economy rebound in real time via streaming video. Technology! Also, you can view certification letters (http://www.recovery.gov/?q=content/state-certifications) from governors as they accept their fat stacks of cash from the feds, which is neat.

One of the first governors to sign, strangely enough, was Texas’ own Rick “We don’t want your stupid socialist money” Perry, who naturally could not just sign his stinking letter without throwing a giant hissy fit about it, which is made all the more useless when he agrees to take the money anyway (http://www.recovery.gov/files/certification/Texas.pdf), as everyone knew he would. Also, Rick Perry prints his signature, like a four year old.

I’m waiting eagerly for SC Gov. Mark Sanford’s letter, which will be written in crayon, and have many misspelled words, including “Mark”.


State Certifications

When President Obama signed the American Recovery and Reinvestment Act into law on February 17, 2009, it marked the beginning of a 45-day window for each state to claim the funds allocated to it by the act.

In order to receive funds from the ARRA, governors have 45 days to certify that they will first of all "request and use" funds from the ARRA and second of all use them to create jobs and promote economic growth.

If a governor does not accept funds allocated to his or her state before that window expires, the state's legislature then has the option of certifying those two conditions itself.

Check out the list below to see which states have accepted funds and examine the certifications they have submitted. This list will expand as more states issue their responses, so check back often.

05.03.2009, 09:28
...ist auch im "Advanced..." also doppelt - na ja es handelt sich ja auch um Doppelmoral ;)

http://www.spiegel.de/img/0,1020,1452327,00.jpg (http://www.spiegel.de/wirtschaft/0,1518,611023,00.html)

"Wir sind nicht die Bösen" (http://www.spiegel.de/wirtschaft/0,1518,611023,00.html)

Weltweit rügen Staaten die Schweiz als Steuerparadies. Das Bankgeheimnis soll fallen - und immer mehr eidgenössische Politiker knicken ein. Im Interview mit SPIEGEL ONLINE startet Urs Philipp Roth von der Schweizerischen Bankiervereinigung die Gegenoffensive - und wirft Kritikern Doppelmoral :eek vor. mehr... (http://www.spiegel.de/wirtschaft/0,1518,611023,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6347) ]

...Roth: Das ist kein moralisches Argument. Das ist ein Argument in der Standortkonkurrenz zwischen Weltfinanzplätzen. Man braucht nur einmal zu schauen, was andere Finanzplätze so machen. Dann sieht man, dass es nicht um Moral geht. Nehmen Sie die USA, etwa im Bundesstaat Delaware: Dort sind Firmenkonstrukte möglich, die den Inhaber praktisch unsichtbar machen. Da muss sich die Schweiz nicht mit moralischen Argumenten in die Ecke drängen lassen......

.....SPIEGEL ONLINE: Aber die Schweiz steht jetzt nun mal im Mittelpunkt der Kritik aus aller Welt - von Seiten der Deutschen, (http://www.spiegel.de/politik/ausland/0,1518,587352,00.html) der Franzosen, der Briten und der USA. Roth: Es ist zu kurz gegriffen zu sagen: "Es gibt eine dreckige Ecke, und das ist die Schweiz. Und die muss gesäubert werden." Wir sind nicht die Bösen auf der Welt. Wenn uns der britische Premier Gordon Brown kritisiert, dann muss ich an seine Hinterhöfe denken, an die Karibikinseln und Kanalinseln. (http://www.spiegel.de/wirtschaft/0,1518,603763,00.html) Das sind echte Steueroasen. Es gibt in Großbritannien die Möglichkeit anonymer Trusts, während es bei uns längst keine anonymen Nummernkonten mehr gibt......

....also wenn die Schweiz die dreckige Ecke der Welt ist - warum kommen denn so viele Ausländer - vor allem Deutsche - zum arbeiten und wohnen hierher :confused wollen alle im Dreck wühlen :Prost


"Erkenntnis und Hochverrat ist immer eine Frage des Datums", sagt Steinbrück

05.03.2009, 09:54
US-Senator: «Schweiz macht mit Geheimniskrämerei viel Geld»

05.03.2009 07:03
Happiger Vorwurf von US-Senator Carl Levin an die Schweiz: Sie sei auf das Bankgeheimnis so stolz wie die USA auf die Freiheit :rolleyes und die Demokratie :rolleyes

Für UBS-Topmanager Mark Branson ist klar: Weitere Kundendaten kann die UBS nicht überstellen, weil sie damit ihre Mitarbeiter ernsthaft der Gefahr einer strafrechtlichen Verfolgung nach Schweizer Recht aussetz. Das sagte der Finanzchef von UBS Global Wealth Management & Swiss Bank vor einem Aussschuss des US-Senats. Die Bank habe alles getan, was in ihrer Macht stehe, um die Auflagen der Klage gegen Unbekannt zu erfüllen.

Bei der Zivilklage des Bundesgerichts in Miami, das die Herausgabe Tausender weiterer Kundendaten fordert, handle es sich im Grunde genommen um einen Rechtsstreit zwischen der IRS und der Schweizer Regierung, sagte Branson weiter. Nach Meinung der UBS sollte dieser Streit mittels diplomatischer Gespräche zwischen den beiden Regierungen beigelegt werden....


.....also irgendwann hat man die Nase schon voll - der eigene US-Finanzminister (...und etliche Staatsbeamte mehr) habe die Steuern beschissen, andere Länder haben noch mehr Steuerschlupflöcher als CH - all diese Saubermänner sehen wohl die eigene Kotze nicht auf ihren blütenreinen Westen :bad und wie die Wallstreet Bankster das einfache Fussvolk schröpfen ist ja wohl Ehrensache :bad

05.03.2009, 10:02
BANK OF AMERICA, MERRILL LYNCH (http://www.huffingtonpost.com/2009/03/04/merrill-lynch-gave-top-ea_n_171816.html)

http://images.huffingtonpost.com/gen/67188/thumbs/r-CUOMO-BANK-OF-AMERICA-huge.jpg (http://www.huffingtonpost.com/2009/03/04/merrill-lynch-gave-top-ea_n_171816.html)

Subpoenas Top Merrill Bankers... Wants Info On BofA Executive Compensation... BofA Files Motion To Withhold That Information... (http://www.huffingtonpost.com/2009/03/04/merrill-lynch-gave-top-ea_n_171816.html)

05.03.2009, 10:32

05.03.2009, 12:38


Mitgefangen im System der Gier

Von Marc Pitzke (mpitzke@mac.com), New York

Dieser Konzern macht selbst Krisen-Kennern noch Angst: Der marode Versicherungsgigant AIG ist global so vernetzt, dass sein Niedergang Banken in aller Welt bedroht - und sogar deutsche Kommunen. Durch immer neue Notaktionen wollen die USA einen Kollaps verhindern, doch die Risiken sind enorm.....

.....Frank Partnoy, Finanzexperte an der University of San Diego, beschreibt die Geschäftspraktiken von AIG in der "New York Times" so: "Sie waren von allen die schlimmsten." Donn Vickrey, Mitbegründer der Research-Firma Gradient Analytics, diagnostizierte dem Unternehmen und seinen Managern "extreme Selbstüberschätzung, angefeuert von Gier". Wirtschaftskolumnist Joe Nocera gibt AIG ein zweifelhaftes Prädikat: "Verfaulteste Finanzinstitution". Die Aktie des Konzerns ist in gut einem Jahr von 51 Dollar auf jetzt 42 Cent abgeschmiert.

Verbitterung über AIG gibt es auch bei Washingtons Eliten - und doch hat die Regierung von Barack Obama keine andere Wahl, als den ungeliebten Patienten am Tropf zu halten. Ironischerweise nicht trotz, sondern gerade wegen seiner dubiosen Deals......

......AIG managte auf dem Höhepunkt des Booms CDS für mehr als 450 Milliarden Dollar. Auch Ende 2008 waren es nach Berechnung der Research-Firma CreditSights noch mindestens 300 Milliarden Dollar. Und es sind eben nicht nur Subprime-Kredite betroffen, sondern auch seriösere Anlagen.

"Gegenparteien auf der ganzen Welt tragen weiterhin ein bedeutendes AIG-Kreditrisiko", berichtete die US-Notenbank Fed noch im November 2008. Analyst Donn Vickrey schätzt, dass etwa zwei Drittel davon europäische Großbanken sind. Für den Fall, dass die US-Regierung AIG ohne Hilfe kollabieren ließe, prophezeit er "einen globalen Domino-Effekt. Die darauffolgende Panik wäre desaströs".

ganzer Artikel: http://www.spiegel.de/wirtschaft/0,1518,610921,00.html

...na super - die ganze Welt blutet mit - vielleicht auch mal in den eigenen vier Wänden etwa auskehren :o und nicht nur auf andere zeigen :rolleyes

05.03.2009, 12:43
ozymandius http://www.democraticunderground.com/discuss/images/donor.gif (1000+ posts) http://www.democraticunderground.com/discuss/images/mesg.gif (http://www.democraticunderground.com/discuss/duboard.php?az=send_mesg&u_id=114346) http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=114346) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=114346&level=three) Thu Mar-05-09 05:48 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3768332#3768332) 1. Google has listed Financial Sense as an attack site. http://upload.democraticunderground.com/discuss/images/avatars/earth.gif Edited on Thu Mar-05-09 05:48 AM by ozymandius
I'll avoid posting the WrapUp until this is resolved.

http://safebrowsing.clients.google.com/safebrowsing/dia... (http://safebrowsing.clients.google.com/safebrowsing/diagnostic?client=Firefox&hl=en-US&site=http://www.financialsense.com/Market/wrapup.htm)


05.03.2009, 12:55
Fed Refuses to Release Bank Lending Data, Insists on Secrecy :eek

By Mark Pittman http://www.bloomberg.com/apps/data?pid=avimage&iid=iJiLghE7hnZo

March 5 (Bloomberg) -- The Federal Reserve Board of Governors receives daily reports on loans to banks and securities firms, the institution said in response to a Freedom of Information Act lawsuit filed by Bloomberg News.

The Fed refused yesterday to disclose the names :eek of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers :p and the assets the central bank is accepting as collateral.....

full story: http://www.bloomberg.com/apps/news?pid=20601087&sid=aG0_2ZIA96TI&refer=home

:nnn....ooops - etwa Bankgeheimnis :haue na ist ja egal - ist ja nur taxpayers' money :o

05.03.2009, 15:52
The Bank of England Begins Monetization in Earnest (http://jessescrossroadscafe.blogspot.com/2009/03/bank-of-england-begins-monetization-in.html)

The British Pound is headed to parity with the US dollar. This will add some sting to the economic downturn for the common people of Britian.

Gordon Brown was a key architect in the financial crisis and decline, and it is discouraging to see that he still holds power.

Both Britain and the US are experiencing a deficiency in political leadership with regard to the financial crisis. Gordon Brown was expected, but Obama so far has been a crushing disappointment. :(

Reuters (http://www.reuters.com/article/ousiv/idUSTRE5235UM20090305)
Bank of England cuts rates, to buy govt bonds to boost economy
By Sumeet Desai and Fiona Shaikh
Thu Mar 5, 2009 9:23am EST

LONDON (Reuters) - The Bank of England cut interest rates by 50 basis points on Thursday to a record low of 0.5 percent, and said it would buy 75 billion pounds of assets to expand the money supply and aid a recession-hit British economy.

Unveiling the asset purchase programme -- the start of "quantitative easing" measures employed when rates get near to their minimum -- the Bank said the likely majority of purchases over the next three months would be of gilts (UK government bonds) at medium and long maturities...

Posted by Jesse at 9:34 AM (http://jessescrossroadscafe.blogspot.com/2009/03/bank-of-england-begins-monetization-in.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=6058880361117232047) :verbeug

05.03.2009, 16:49
Jon Stewart Eviscerates CNBC, Santelli On Daily Show (VIDEO) (http://www.huffingtonpost.com/2009/03/05/jon-stewart-eviscerates-c_n_172057.html) :supi

March 5, 2009 07:08 AM

So, lesson learned: do not cancel on The Daily Show. Or at least do not do whatever CNBC and/or Rick Santelli did, in the way they canceled on The Daily Show, because last night, Jon Stewart basically said, "I'll see your canceling on me and RAISE you a thorough evisceration of the faux-populist bilge you've been pumping and a complete blasting of your network's credibility."......

Video: http://www.huffingtonpost.com/2009/03/05/jon-stewart-eviscerates-c_n_172057.html

05.03.2009, 17:45
RPT-Russia bans Nat'l Wealth Fund investment in agencies :eek

Thu Mar 5, 2009 5:01am EST
(Repeats to additional subscribers)

MOSCOW, March 5 (Reuters) - Russia banned investment of its $83.7 billion National Wealth Fund in bonds issued by foreign government agencies such as Fannie Mae (FNM.N (http://www.reuters.com/finance/stocks/overview?symbol=FNM.N)) and Freddie Mac (FRE.N (http://www.reuters.com/finance/stocks/overview?symbol=FRE.N)), the Finance Ministry said on Thursday.

The ministry said earlier on Thursday it had also banned investment of its $136.3 billion Reserve Fund in foreign government agencies' bonds. (Reporting by Gleb Bryanski and Yelena Fabrichnaya)


05.03.2009, 18:23
FROM A $57 HIGH TO LESS THAN $1 TODAY (http://www.huffingtonpost.com/2009/03/05/citigroup-stock-sinks-to_n_172167.html)

http://images.huffingtonpost.com/gen/67299/thumbs/r-CITIGROUP-huge.jpg (http://www.huffingtonpost.com/2009/03/05/citigroup-stock-sinks-to_n_172167.html)

WATCH LIVE: Geithner Testifies Again On 2010 Budget (http://www.huffingtonpost.com/2009/03/05/geithner-live-video_n_172101.html)

05.03.2009, 18:29
Dow Jones Industrial Average

Index Value: 6,666.12 Trade Time:12:26pm ET Change:http://us.i1.yimg.com/us.yimg.com/i/us/fi/03rd/down_r.gif 209.72 (3.05%)

05.03.2009, 18:43
Vikram Bandit, Dollar Menunaire (http://lolfed.com/2009/03/05/vikram-bandit-dollar-menunaire/)

Posted by alyx under all ur bankz (http://lolfed.com/category/all-ur-bankz/)
[8] Comments (http://lolfed.com/2009/03/05/vikram-bandit-dollar-menunaire/#comments)

I’ve recruited the Price is Right’s “Cliff Hanger” to help me tell the story of what’s happened to Citigroup. Currently trading at 0.97 as I type.

Bonus: Oh, the humanity. (http://finance.google.com/group/google.finance.662713/browse_thread/thread/6ae5823904e4685a?hl=en#)

05.03.2009, 18:53

100- Milliarden- Fonds diskriminiert Mittelständler (http://www.spiegel.de/wirtschaft/0,1518,611535,00.html)

Erst die Banken, nun der Rest der Wirtschaft: Die Regierung spannt den nächsten Rettungsschirm und macht dafür bis zu 100 Milliarden Euro locker. Doch der Hilfsplan dürfte langfristig den Falschen helfen - zumal ein fragwürdiges Gremium über die Verwendung der Gelder mitentscheidet. Von Matthias Kaufmann und Nils-Viktor Sorge mehr... (http://www.spiegel.de/wirtschaft/0,1518,611535,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6006) ]

....Beantragt ein Unternehmen eine Bürgschaft, entscheidet darüber letztlich zwar der Bürgschaftsausschuss (Lenkungsausschuss) von Bund und Ländern. Was der auf den Schreibtisch bekommt, wird zuvor aber von der privaten Prüfgesellschaft PricewaterhouseCoopers begutachtet.....

......Die Auslagerung so wichtiger Entscheidungen in den Lenkungsrat sorgt auch in der Politik für Unmut. Carsten Schneider, Haushaltspolitiker in der Bundestagsfraktion der SPD, bezweifelt, dass das Gremium überhaupt eine Legitimation habe. "Die parlamentarische Kontrolle fehlt völlig", kritisiert auch Lobbykontrolleurin Klein: "Wir erleben eine unverhohlene Privatisierung von Politik. Dabei ist die Haushaltskontrolle ein ureigenes Recht des Bundestags.".....


05.03.2009, 19:07
Posted by Fullgoldcrown @ 12:42 pm on March 5, 2009 DJ Bullish Sentiment Down In The Latest AAII Poll

NEW YORK (Dow Jones)–Bullish sentiment among investors was down during the
week ended this Wednesday, according to the most recent weekly online survey of
members of the American Association of Individual Investors.

Bullish sentiment fell to 18.92% from 24.30%, but bearish sentiment rose to
70.27% from 55.14% during the previous week.

The percentage of investors who described themselves as neutral on the stock
market fell to 10.81% from 20.56%, according to the poll.

Source: American Association of Individual Investors.

.....dann müsste es ja mal langsam drehen :rolleyes

05.03.2009, 19:21
Konservative kaufen mehr Pornos

Aktualisiert um 14:24 Uhr

Welches sind die pornofreudigsten Staaten der USA? Dies wollten Forscher der Harvard Business School herausfinden. Das Ergebnis ist verblüffend.

Die Studie

Benjamin Edelman von der Harvard Business School untersuchte mit seinem Team von 2006 bis 2008 die Kreditkartendaten von Kunden eines bekannten Anbieters von Online-Pornographie. Die Ergebnisse kontrollierte er auf andere Einflussfaktoren wie Bandbreiten und Bevölkerungsgrösse.

Das Team um Benjamin Edelman wertete die Kreditkartendaten von Kunden eines bekannten Online-Pornoanbieters aus. Dabei gewannen sie eine interessante Erkenntnis: Menschen in konservativen Staaten kaufen mehr Pornos als die Anwohner von liberalen Staaten. «Manche der Leute, die sich über gewisse Dinge masslos aufregen, sind offenbar genau jene, die diese Dinge konsumieren», wie Edelman dem Wissenschaftsmagazin «New Scientist» sagte.

Der Unterschied sei klein, so die Forscher, Online-Pornographie werde in allen Teilen des Landes gerne konsumiert: Der Staat Utah weist mit 5,47 Käufen auf 1000 Haushalte den grössten Porno-Konsum aus.....

Gegen die Homosexuellen-Ehe, für den Pornokonsum

So wählten acht der zehn pornofreudigsten Staaten der USA in den letzten Präsidentschaftswahlen republikanisch. Sechs der zehn zurückhaltendsten Staaten wählten Barack Obama.......

Mehr Religion, mehr Porno-Konsum

Edelman verrechnete seine Ergebnisse ausserdem mit den Erkenntnissen einer Studie zur religiösen Einstellung der Menschen – und fand heraus, dass Religiöse mehr Pornographie konsumieren als der Rest der Bevölkerung.....

ganzer Artikel: http://www.tagesanzeiger.ch/panorama/vermischtes/Konservative-kaufen-mehr-Pornos/story/29712199

...irgendwie scheint mir - Doppelmoral ist in :Prost

05.03.2009, 22:05
Dow (http://finance.yahoo.com/q?s=%5EDJI) 6,594.44 - 281.40 - 4.09%

click ---> http://goldtent.net/wp_gold/wp-content/uploads/2009/03/rally-monkey.jpg (http://www.rallymonkey.com/video/kenindex.swf)

05.03.2009, 22:20
THINGS THAT COST MORE THAN A CITI SHARE (http://www.huffingtonpost.com/2009/03/05/citigroup-stock-sinks-to_n_172167.html)


http://www.huffingtonpost.com/images/v/slideshow/nav_left.gif (http://www.huffingtonpost.com/#)
• (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#) • (http://www.huffingtonpost.com/#)
Jumbo bag of peanut M&M's

05.03.2009, 22:44 (

05.03.2009, 22:55
Morgan Stanley's 13% Payout Offer To Short Ford Stock (EXCLUSIVE) (http://www.huffingtonpost.com/2009/03/05/morgan-stanleys-13-payout_n_172259.html)

Huffington Post | Julie Satow | March 5, 2009 01:57 PM

:kotz http://images.huffingtonpost.com/gen/67359/thumbs/s-MORGAN-STANLEY-large.jpg

Comments (http://www.huffingtonpost.com/2009/03/05/morgan-stanleys-13-payout_n_172259.html#comments)

Morgan Stanley (http://www.morganstanley.com/)was offering Ford shareholders a highly unusual deal on Monday.

Two days before Ford announced a major debt restructuring (http://news.yahoo.com/s/nm/20090305/bs_nm/us_ford)that diluted shareholders, TARP-recipient Morgan Stanley was asking its private wealth clients who owned shares in the Detroit car company whether they could use those shares to execute short sales. :mad

In a short sale (http://en.wikipedia.org/wiki/Short_sale_%28real_estate%29), the short-seller "borrows" securities, then sells it, on the belief the stock price will fall. The short-seller then repurchases the securities at the new, lower price, and returns it to the lender. In this way, the short-seller profits from selling the borrowed securities for more than he later repurchases them for.

According to an email obtained by the Huffington Post, a Morgan Stanley financial advisor sent a letter to a private wealth management client who owns several thousand shares of Ford stock, asking permission to use the stock for short-sales. In the email, Morgan Stanley Stock Services indicates it would pay the client 13% on the dollar value of the stock borrowed, annualized.

This is unusual for several reasons:

Normally, financial firms can borrow securities to execute short sales without telling their clients, but this client had requested that his securities not be used for this purpose, prompting the email.

In addition, with interest rates so low, the 13% is, according to the client, a pricey fee. Traditionally, financial firms do not pay their clients any fee when they use their shares to execute short sales.

"With T-bills at a half of a percent, they were willing to pay over 20 times what I am getting for my cash," the client said. "This was a major enticement to build a shorting position. They were clear in that intent in the email."

Morgan Stanley had no immediate comment on the story. Dreckspack :bad

einer der Kommentare:
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Crooks, and that with taxpayer money!

Since Ford is still doing fairly well, hasn't ask for bailout, is trying everything they can to stay afloat without burdening the taxpayer, those banking crooks, who are responsible for our mess, come along and want to short sell stock from Ford, to bring them down to their knees as well?
Gambling and betting again to get the stock down, Ford will be in shambles, but those financial crooks made money again!

Those guys need to go to jail, rather yesterday than today; just hope that the financial oversight knows about this and will put the lid on before they can start boiling it,!

06.03.2009, 08:17
MARCH 6, 2009
Bill Seeks to Let FDIC Borrow up to $500 Billion

Article (http://online.wsj.com/article/SB123630125365247061.html#articleTabs=article)
Comments (15) (http://online.wsj.com/article/SB123630125365247061.html#articleTabs_comments)
more in Politics (http://online.wsj.com/public/page/news-politics-campaign.html) »

By DAMIAN PALETTA (http://online.wsj.com/search/search_center.html?KEYWORDS=DAMIAN+PALETTA&ARTICLESEARCHQUERY_PARSER=bylineAND)

WASHINGTON -- Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily :rolleyesborrow as much as $500 billion from the Treasury Department.

The Connecticut Democrat's effort -- which comes in response to urging from FDIC Chairman Sheila Bair, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner -- would give the FDIC access to more money to rebuild its fund that insures consumers' deposits, which have been hard hit by a string of bank failures.

Last week, the FDIC proposed raising fees on banks in order to build up its deposit insurance fund, which had just $19 billion at the end of 2008. That idea provoked protests from banks, which said such a burden would worsen their already shaken condition. The Dodd bill, if it becomes law, would represent an alternative source of funding....

full story: http://online.wsj.com/article/SB123630125365247061.html#articleTabs%3Darticle


06.03.2009, 08:20
We are at 2009.3 or close to it ! My guess is april 15 TAX DAY (http://goldtent.net/wp_gold/2009/03/06/we-are-at-20093-or-close-to-it/)

-> Posted by Ororeef @ 1:38 am on March 6, 2009
http://goldtent.net/wp_gold/wp-content/uploads/2009/03/armstrong-cycle.thumbnail.png (http://goldtent.net/wp_gold/wp-content/uploads/2009/03/armstrong-cycle.png)


06.03.2009, 08:38

Zwei Minuten Jacko- Spuk (http://www.spiegel.de/kultur/musik/0,1518,611655,00.html)

Es war keine Pressekonferenz, es war ein Spektakel: Michael Jackson hat vor jubelnden Fans ein Comeback mit zehn Konzerten in London angekündigt - seine ersten seit 2001. Doch Zweifel an seiner Bühnentauglichkeit bleiben, bei Buchmachern laufen schon Wetten gegen den alternden King of Pop. Von Carsten Volkery, London mehr... (http://www.spiegel.de/kultur/musik/0,1518,611655,00.html) [ Video (http://www.spiegel.de/video/video-54604.html) | Forum (http://forum.spiegel.de/showthread.php?t=6487&goto=newpost) ]

http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Siegessicheres Tänzchen des King of Pop (http://www.spiegel.de/fotostrecke/fotostrecke-40383.html)
http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifStreit um Privatbesitz: Michael Jackson verklagt Auktionshaus (http://www.spiegel.de/kultur/musik/0,1518,611528,00.html)
....mit diesem Jahrtausend geht es definitiv bergab :rolleyes

06.03.2009, 09:17
....bei der Auswahl seiner Mitarbeiter hat Obama ein denkbar schlechtes Händchen :rolleyes:(

Sanjay Gupta Withdraws Name As Surgeon General (http://www.huffingtonpost.com/2009/03/05/sanjay-gupta-may-be-out-o_n_172311.html)

http://images.huffingtonpost.com/gen/67401/thumbs/s-GUPTA-large.jpg (http://www.huffingtonpost.com/2009/03/05/sanjay-gupta-may-be-out-o_n_172311.html)
CNN Correspondent Reportedly Had Misgivings About Pay Cut (http://www.huffingtonpost.com/2009/03/05/sanjay-gupta-may-be-out-o_n_172311.html)

Quick Read (http://www.huffingtonpost.com/2009/03/05/sanjay-gupta-may-be-out-o_n_172311.html) |
Comments (1702) (http://www.huffingtonpost.com/2009/03/05/sanjay-gupta-may-be-out-o_n_172311.html)
| CNN (http://www.huffingtonpost.com/news/cnn)

06.03.2009, 11:05
Freitag, 6. März 2009
Steil nach obenLiebeslust statt Börsenfrust

Fallende Kurse, steigende Libido: Wenn auf den Börsenparkett weltweit der Bär steppt und die Aktien reihenweise schlapp machen, sind in den Betten die Bullen los. So das erstaunliche Ergebnis einer aktuellen Untersuchung des Konzerns Ansell.

Darin wird die Entwicklung der australischen Börse der vergangenen sechs Monate in Beziehung zum Umsatz von Präservativen gesetzt. Während der ASX-200-Index um 36 Prozent runterrauschte, ging es mit dem Verkauf von Verhüterli um 37,5 Prozent steil nach oben. Ob sich diese Entwicklung aus Down Under auf Deutschland übertragen lässt, bleibt abzuwarten.



Zum Original-Beitrag (http://showthread.php3?p=1224663#post1224663)
merci cherry :) endlich mal was Erfreuliches :D http://www.x-workz.de/x-maennchen/freizeit/popturbo.gif :supi

06.03.2009, 12:21
...aus Trader's Daily - merci :)

Zitat des Tages

"Du weisst nicht, wie schwer die Last ist, die du nicht trägst."

- Afrikanisches Sprichwort

06.03.2009, 12:30
...vor 50 Jahren :(

http://www.spiegel.de/img/0,1020,1456021,00.jpg (http://einestages.spiegel.de/static/topicalbumbackground/3746/showdown_auf_dem_dach_der_welt.html)

Aufstand für den Gottkönig (http://einestages.spiegel.de/static/topicalbumbackground/3746/showdown_auf_dem_dach_der_welt.html)

Ein ganzes Volk für den Dalai Lama: Vor 50 Jahren rebellierten die Tibeter gegen die Besatzer aus China. Mao nutzte den Aufstand, um das Land endgültig zu unterwerfen. Doch der Dalai Lama entkam - verkleidet gelang ihm eine abenteuerliche Flucht über den Himalaja. Von Andreas Hilmer mehr... (http://einestages.spiegel.de/static/topicalbumbackground/3746/showdown_auf_dem_dach_der_welt.html)

06.03.2009, 12:44

...ein bisschen Abstand zwischen diesen zwei Männern :o


06.03.2009, 12:45
...von DU - merci :) http://picayune.uclick.com/comics/tmssa/2009/tmssa090304.gif

06.03.2009, 12:51
6. März 2009, 06:17, NZZ Online

Merrill Lynch wirft Deutscher Bank «Raubzug» vor

Zwölf Mitarbeiter seien unrechtmässig abgeworben worden

http://www.nzz.ch/images/merrill%20lynch_lead_1.2151028.1236316527.jpg (http://javascript%3Cb%3E%3C/b%3E:showPopup%28%27popup-zoom0%27%29)http://www.nzz.ch/static-images/popup-open.gif (http://javascript%3Cb%3E%3C/b%3E:showPopup%28%27popup-zoom0%27%29)
Merrill Lynch ist nicht glücklich mit der Personalpolitik der Deutschen Bank. (Bild: Reuters)

Die Deutsche Bank habe beim amerikanischen Institut Merrill Lynch zwölf Mitarbeiter unrechtmässig abgeworben. Dazu gehöre auch der ehemalige Finanzchef von Merrill Lynch. Nun hat das amerikanische Unternehmen eine Klage eingereicht.

(sda/Reuters) Merrill Lynch hat die Deutsche Bank wegen der Verpflichtung von zwölf ehemaligen Mitarbeitern des amerikanischen Instituts verklagt. Merrill wirft dem deutschen Konzern vor, unter anderem den vormaligen Finanzleiter von Merrill, Eric Heaton, in einem «Raubzug» engagiert zu haben.

Das mittlerweile zur Bank of America gehörende amerikanische Finanzinstitut reichte deshalb am Donnerstag beim New York State Supreme Court eine Klage ein. Merrill Lynch beschuldigt die Deutsche Bank, die Anstellung der Banker bereits viele Monate im Voraus geplant zu haben....

ganzer Artikel: http://www.nzz.ch/nachrichten/wirtschaft/aktuell/merrill_lynch_deutsche_bank_klage_raubzug_mitarbeiter_1.2151027.html

....die BAC braucht unbedingt Kohle :o

06.03.2009, 12:59
Wollte Ackermann für 1 Franken die UBS retten?

Aktualisiert um 07:56 Uhr 79 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Wollte-Ackermann-fuer-1-Franken-die-UBS-retten/story/19787600#kommentar)

Joe Ackermann habe letzte Woche angeboten, den Job als UBS-Chef für einen symbolischen Franken zu machen. Das behauptet heute der «Blick».

http://files.newsnetz.ch/story/1/9/7/19787600/14/1.jpg Hätte es gemäss «Blick» für das Vaterland getan: Joe Ackermann.

Die Boulevardzeitung beruft sich dabei auf einen nicht namentlich genannten Mittelsmann aus dem Dunstkreis der Armee, welcher letzte Woche dem Bundesrat folgende Botschaft von Joe Ackermann überbracht haben soll: Ja, ich komme. Ich tu es für das Vaterland. Ich mach es für einen Franken.

Zuerst sei es um den CEO-Posten gegangen. Als dieser aber bereits mit Oswald Grübel besetzt war, hätte sich Ackermann auch auf die Variante als Verwaltungsratspräsident eingelassen, wie «Blick» schreibt.....

ganzer Artikel: http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Wollte-Ackermann-fuer-1-Franken-die-UBS-retten/story/19787600

....in den Kommentaren wird eher bedauert, dass Ackermann das Rennen nicht gemacht hat - ich traue diesen smart lächelnden Herren (auch einem Vasella oder Jamie Dimon) nicht über den Weg :rolleyes

06.03.2009, 15:26
UNEMPLOYMENT HITS 8.1% (http://www.huffingtonpost.com/2009/03/06/jobless-rate-expected-to-_n_172428.html)

http://images.huffingtonpost.com/gen/67458/thumbs/r-JOBLESSRATE-huge.jpg (http://www.huffingtonpost.com/2009/03/06/jobless-rate-expected-to-_n_172428.html)

651,000 Jobs Lost In February: 104,000 Construction Jobs… 168,000 Factory Jobs… 40,000 Retail Jobs... 180,000 Professional And Business Service Jobs … 78,000 Temp Agency Jobs... 33,000 Leisure and Hospitality Jobs (http://www.huffingtonpost.com/2009/03/06/jobless-rate-expected-to-_n_172428.html)

06.03.2009, 16:25
President Barack Obama dislikes Britain, but he's keen to meet the Queen (http://blogs.telegraph.co.uk/iain_martin/blog/2009/03/06/president_barack_obama_dislikes_britain_but_hes_keen_to_meet_the_queen)

Posted By: Iain Martin (http://blogs.telegraph.co.uk/iain_martin) at Mar 6, 2009 at 12:44:22

President Obama has been rudeness personified towards Britain this week. His handling of the visit of the Prime Minister, Gordon Brown, to Washington was appalling. First Brown wasn't granted a press conference with flags, then one was hastily arranged in the Oval office after the Brits had to beg. Obama looked like he would rather have been anywhere else than welcoming the British leader to his office and topped it all with his choice of present (*) for the PM. A box of 25 DVDS (http://www.foxnews.com/politics/first100days/2009/03/06/obamas-blockbuster-gift-brown-dvds/) including ET, the Wizard of Oz and Star Wars? Oh, give me strength. We do have television and DVD stores on this side of the Atlantic. Even Gordon Brown will have seen those films too often already.....
full story: http://blogs.telegraph.co.uk/iain_martin/blog/2009/03/06/president_barack_obama_dislikes_britain_but_hes_keen_to_meet_the_queen

[ 110 comments (http://blogs.telegraph.co.uk/iain_martin/blog/2009/03/06/president_barack_obama_dislikes_britain_but_hes_keen_to_meet_the_queen#comments) ]

...ja das sind natürlich Sorgen :rolleyes:hihi am besten sind wieder mal die Kommentare :supi

06.03.2009, 16:49
...erschreckend welche Aktien ---> the winner is....




....die Kommentare dazu - da hört man besser weg :rolleyes

06.03.2009, 17:46
Gebt das Geld in Frauenhand! :supi :bang :D :jaja

Wenn die Finanzmacht weiblicher wäre, wäre es nie zu diesem Crash gekommen. Denn es ist erwiesen: Frauen gehen besser mit Geld um. Die Isländerinnen machen es vor.

06.03.2009 von Birgit Schmid (http://dasmagazin.ch/index.php/author/birgit-schmid/) , 2 Kommentare (http://dasmagazin.ch/index.php/gebt-das-geld-in-frauenhand/#commentList)

Halla Tómasdóttir hatte gewarnt. Die isländische Bankerin wandte sich einige Monate, bevor das Finanzsystem letzten Herbst in ihrem Land kollabierte, an Ministerpräsident Gerd Haarde, sagte ihm in einem persönlichen Gespräch: Dieses Finanzmodell, das von einer jungen, männlichen, testosterongetriebenen Elite verkörpert wird, dürfte auf längere Sicht nicht tragbar sein. Dem Bonus-fixierten Verhalten, sagte sie, fehlt jegliches Risikobewusstsein. Halla Tómasdóttir prophezeite: Der Aufschwung, den Island seiner aggressiven Expansion ins Ausland verdankt, wird nicht ewig dauern.
Vielleicht hat der Premier an sie gedacht, als er am 6. Oktober 2008 in einer öffentlichen Rede den Kollaps der drei grössten Banken Islands bekannt gab und vom drohenden Staatsbankrott sprach.
Halla Tómasdóttir und ihre Geschäftspartnerin Kristin Pétursdóttir sitzen im schlichten Konferenzzimmer ihrer Investmentfirma Audur Capital im Zentrum von Reykjavik und sagen: «Dass es so schlimm kommen könnte, das hätten auch wir nicht gedacht.» Ihre Skepsis verknüpften die beiden damals mit einer Ankündigung. Sie standen kurz vor der Gründung einer Kapitalgesellschaft, die sich einer gänzlich anderen Geschäftsphilosophie verschrieb. Halla – man spricht sich in Island mit Vornamen an – wiederholt, was sie antreibt: «Wir wollen der Finanzwelt weibliche Werte einverleiben.» Heute, eineinhalb Jahre später, schreibt Audur Capital schwarze Zahlen. Die anfangs ausschliesslich von Frauen geführte Firma hat bisher als eines der wenigen Finanzunternehmen der Insel die Krise unbeschadet überstanden. Noch immer stellt man neue Leute ein, während die Arbeitslosigkeit im Land rasant steigt. «Die Geschäfte haben sich seit Oktober verdreifacht», sagt Kristin.....

ganzer Artikel: http://dasmagazin.ch/index.php/gebt-das-geld-in-frauenhand/

....dieser Artikel wurde natürlich umgehend zerrissen - auch von Frau :hihi

06.03.2009, 18:03
...never give up... http://ichart.finance.yahoo.com/z?s=%5EFTSE&t=1y&q=l&l=on&z=m&c=%5EGDAXI,%5EMIBTEL,%5ESSMI,%5EDJI&a=v&p=s ;)

06.03.2009, 22:15
The Banking Crisis: Obama's Iraq Part 1 (http://jessescrossroadscafe.blogspot.com/2009/03/volcker-advises-separation-of.html)

Its a step in the right direction, but its hardly reform.

Everything about the Obama Administration to date has been 'limp,' toothless, almost apologetic. (...leider :()

Obama is on the road to failure, getting an "A" for rhetoric but "F's" for vision, commitment, team-building, and action.

Bloomberg (http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=atSsZ5Fp8xuY)
Volcker Urges Dividing Investment, Commercial Banks
By Matthew Benjamin and Christine Harper

March 6 (Bloomberg) -- Commercial banks should be separated from investment banks in order to avoid another crisis like the U.S. is experiencing, according to former Federal Reserve Chairman Paul Volcker.

“Maybe we ought to have a kind of two-tier financial system,” Volcker, who heads President Barack Obama’s Economic Recovery Advisory Board, said today at a conference at New York University’s Stern School of Business. (Uh, didn't we have one up until a few months ago when Goldman Sachs and Morgan Stanley put on the Fed feedbag? - Jesse)

Commercial banks would provide customers with depository services and access to credit and would be highly regulated, while securities firms would have the freedom to take on more risk and practice trading, “relatively free of regulation,” Volcker said. (OMG - Jesse)

Volcker’s remarks indicated his preference for reinstating some of the divisions between commercial and investment banks that were removed by Congress’s repeal in 1999 of the Great Depression-era Glass-Steagall Act.

Volcker’s proposals, included in a January report he wrote with the Group of 30, would allow commercial banks to continue to do underwriting and provide merger advice, activities traditionally associated with investment banking, he said.

Still, Goldman Sachs Group Inc. and Morgan Stanley, which converted to banks in September, would have to exit some businesses if they were to remain as commercial banks, he said.


“What used to be the traditional investment banks, Morgan Stanley, Goldman Sachs so forth, which used to do some underwriting and mergers and acquisitions, are dominated by other activities we would exclude -- very heavy proprietary trading, hedge funds,” he said. “So there’s some separation to be made.”

Jeanmarie McFadden, a spokeswoman for Morgan Stanley, declined to comment. A Goldman spokesman couldn’t be immediately reached.

Volcker also said international regulations on financial firms are probably an inevitable consequence of the industry’s current problems.

“In this world, I don’t see how we can avoid international consistency” on securities regulations going forward, he said. “The U.S. is no longer in a position to dictate that the world does it according to the way we’ve done it.”

Volcker’s comments come as President Barack Obama seeks legislative proposals within weeks for a regulatory overhaul of finance, especially companies deemed vital to the stability of the financial system.


The new regulatory framework may stop short of reinstating Glass-Steagall, analysts say, though banks may separate their business lines in order to avoid strong regulatory scrutiny.

Volcker, who ran the Fed from 1979 to 1987, said the financial industry’s problems stem from larger issues. “I don’t think this is just a technical problem, it’s a societal problem,” he said. He cited bankers on Wall Street receiving multimillion-dollar bonuses for engineering failed mergers.

“There’s something wrong with the system,” Volcker said. “What are the incentives, what’s going on here?”

Posted by Jesse at 2:02 PM (http://jessescrossroadscafe.blogspot.com/2009/03/volcker-advises-separation-of.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=3695815576750635625) :verbeug

06.03.2009, 22:19
The Banking Crisis: Obama's Iraq Part 2 (http://jessescrossroadscafe.blogspot.com/2009/03/former-fed-official-says-treasury.html)

It is hard to assess who among the current DC crew are more limp when it comes to addressing the banking crisis in a meaningful and effective manner: Geithner, Summers or Bernanke.

They are all the very picture of the bureaucrat, which is a nice way of saying "systemic hacks." Have Timmy and Ben have reached their level of incompetency? Larry Summers has far exceededed his some years ago at Harvard.

It is difficult ground when one speculates on motives, but these are all rather bright fellows, albeit creatures nurtured by the system that they serve. It is hard to accept that their inability to address our financial crisis is sheer incompetency. But for now they obtain the benefit of doubt and the CEO's defense made so popular by the Enron crowd.

We wonder how bad it will get before Obama understands that his team is not working, that they have no actionable vision among them for whatever combination of reasons, and that the corruption being perpetuated is starting to stick rather handily to the Democrats.

The banking crisis is starting to look like Obama's Iraq. :rolleyes

Bloomberg (http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aGTB5S.CX1EY)
Hoenig Says Treasury Failed to Take ‘Decisive’ Action on Banks
By Steve Matthews and Vivien Lou Chen

March 6 (Bloomberg) -- The U.S. Treasury has failed to take “decisive” action to address the bank crisis, pursuing an ad- hoc approach that leaves management in place and avoids necessary asset writedowns, a veteran Federal Reserve official said.

“If an institution’s management has failed the test of the marketplace, these managers should be replaced,” Fed Bank of Kansas City President Thomas Hoenig said in prepared remarks for a speech in Omaha, Nebraska. “They should not be given public funds and then micro-managed, as we are now doing” with “a set of political strings attached.”

Hoenig’s comments are the most detailed criticism of the Treasury’s actions by a Fed official since the financial crisis began. By contrast, Fed Chairman Ben S. Bernanke has endorsed the approaches taken by Treasury Secretary Timothy Geithner and his predecessor.

Geithner is requiring a “stress test” for the largest 19 U.S. banks to determine if they need more capital. He has stressed that nationalization isn’t the goal.

Last week, the U.S. government moved to convert some of the preferred stock it owned in Citigroup Inc. to common shares, gaining a 36 percent stake in the company and boosting Citigroup’s buffer against future losses. While authorities pushed for changes to the makeup of Citigroup’s board, Chief Executive Officer Vikram Pandit remains at the helm.

Hoenig said while policy makers “understandably” want to avoid nationalizing banks, “We nevertheless are drifting into a situation where institutions are being nationalized piecemeal with no resolution of the crisis.”

The Treasury’s $700 billion Troubled Asset Relief Program “began without a clear set of principles and has proceeded with what seems to be an ad-hoc and less-than-transparent approach,” Hoenig said today.

Banking regulators need to be willing to write down losses, bring in new managers and sell off businesses if institutions can’t survive on their own, “no matter what their size,” said Hoenig, the second-longest serving of the Fed district bank presidents, after Minneapolis’s Gary Stern.

Posted by Jesse at 2:09 PM (http://jessescrossroadscafe.blogspot.com/2009/03/former-fed-official-says-treasury.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8382796703710859482) :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8382796703710859482)

06.03.2009, 22:20
06 March 2009

Merrill Lynch Discloses "Trading Irregularities" to Regulators in London (http://jessescrossroadscafe.blogspot.com/2009/03/merrill-lynch-discloses-trading.html)

http://4.bp.blogspot.com/_H2DePAZe2gA/SbGJavyOeXI/AAAAAAAAIko/A31G8Vfok7c/s400/cnbcinterview.JPG (http://4.bp.blogspot.com/_H2DePAZe2gA/SbGJavyOeXI/AAAAAAAAIko/A31G8Vfok7c/s1600-h/cnbcinterview.JPG) Plenty of smoke here, with the fire to come over the weekend and/or next week.

Why don't we hear about this sort of thing from the US media until after hours? Are they too busy asking softball questions?

The timing of this disclosure, after the BofA acquisitions and the billions in last minute bonuses paid, is priceless.

Economic Times (India) (http://economictimes.indiatimes.com/News/International-Business/Merrill-review-spots-trading-irregularity/rssarticleshow/4236927.cms)
Merrill review spots trading 'irregularity'
7 Mar 2009, 0047 hrs IST, Bloomberg

LONDON: Merrill Lynch & Co, the securities firm acquired by Bank of America Corp, said it uncovered an “irregularity” during a review of its trading operations.

The bank informed regulators immediately of the discrepancy in “certain trading positions”, Merrill Lynch said in a statement from London. The bank said it’s working with the authorities to investigate further. A spokeswoman for the bank declined to comment further.

Merrill Lynch may have lost hundreds of millions of dollars on currency trading and credit derivatives last year, the New York Times reported earlier on Thursday.

The losses did not “spill into plain view” until after Bank of America investors had approved the $33 billion takeover in December and Merrill Lynch disbursed $3.6 billion in bonuses to bankers, the newspaper said. Bank of America later sought additional government funding. “Senior managers of the business are focused on the issue and believe the risks surrounding possible losses are under control,” Merrill Lynch said in the statement.

Bank of America Chief Executive Officer Kenneth Lewis is trying to rein in Merrill’s traders after their losses brought the bank to the brink of collapse, the New York Times said.

“It was always going to be extremely difficult to integrate a retail bank like Bank of America with an investment bank like Merrill because the cultures are so different,” said Richard Staite, an analyst at Atlantic Equities LLP in London. He has an “underweight” rating on Bank of America’s shares.

Posted by Jesse at 2:50 PM (http://jessescrossroadscafe.blogspot.com/2009/03/merrill-lynch-discloses-trading.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=289898011817746059) :verbeug

06.03.2009, 22:29
...und noch eimal zum gleichen Thema :o .....ich frage mich langsam, ob Obama auch keine (Internet)Zeitung liest :rolleyes

Fri 6 Mar 2009

Change We Can Believe In (http://lolfed.com/2009/03/06/change-we-can-believe-in/)

Posted by alyx under all ur bankz (http://lolfed.com/category/all-ur-bankz/)
1 Comment (http://lolfed.com/2009/03/06/change-we-can-believe-in/#comments)

Okay, pretend for a moment that you are Ken Lewis. Cuomo has you by the short hairs, your stock is a single-digit midget that will be lucky to close today above $3 and looks respectable only in comparison to that other bank stock I won’t name because you have to be sick of hearing about it, and you have an annual meeting coming up in about six weeks. And last year at your annual meeting, there was a big fat effigy of you, stuffed with coal (http://understory.ran.org/2008/04/23/bank-of-america-you-cant-bailout-a-dead-planet/), which would be just as apropos this year, because it’s what you’ve put in your investors’ stockings.

I mean, could it get worse?

Yeah, I guess it could get worse. Change to Win - an activist-investor group representing mostly those with union pensions (they control, I believe, about 1/2 of 1% of BAC shares) is doing us all a favor - they are now calling for your head (http://www.changetowin.org/for-the-media/press-releases-and-statements/ctw-investment-group-calls-on-bank-of-america-board-to-remove-lewis-or-face-ouster-vote.html), Kennay. A succinct laundry list of your accomplishments, as CtW cited them, just related to the Merrill deal:

Suffered a 90% drop in share price
Allowed Merrill to pay out $3.6 billion in bonuses, even as the firm was hemorrhaging money
Denied any active role in determining the size of Merrill bonuses, a claim subsequently contradicted by documents that have emerged in the NY Attorney General’s investigation
Failed to timely disclose over $20 billion in pre-tax losses at Merrill
Failed to invoke the Material Adverse Effects clause of the merger agreement to protect BAC shareholders from these losses
CtW has demanded Lewis be given the boot, and should this not happen, says they’ll force an ouster vote at the shareholder meeting on 4/29, not just for Kennay but also for the lead director of the board, O. Temple Sloan, and the governance committee chair Thomas Ryan.

Glad somebody’s getting the ball rolling.

....man müsste diesen Leuten ihre Dollarscheine alle in das Maul schieben :gomad

06.03.2009, 22:42
The $700 trillion elephant

Commentary: Gargantuan derivatives market weighs on all other issues

By Thomas Kostigen (http://www.marketwatch.com/news/mailto.asp?x=116+107+111+115+116+105+103+101+110&y=Thomas+Kostigen&z=aol.com&guid=%7B024db809-8506-4aa9-83bb-b053fd4e1c11%7D&siteid=mktw), MarketWatch
Last update: 12:01 a.m. EST March 6, 2009
http://i.mktw.net/mw3/community/images/btns/icons/site/comments.pngComments: 278 (http://www.marketwatch.com/news/story/The-700-trillion-elephant-room/story.aspx?guid=%7B024DB809-8506-4AA9-83BB-B053FD4E1C11%7D#comments)

SANTA MONICA, Calif. (MarketWatch) -- There's a $700 trillion elephant in the room and it's time we found out how much it really weighs on the economy.

Derivative contracts total about three-quarters of a quadrillion dollars in "notional" amounts, according to the Bank for International Settlements. These contracts are tallied in notional values because no one really can say how much they are worth.
But valuing them correctly is exactly what we should be doing because these comprise the viral disease that has infected the financial markets and the economies of the world.
Try as we might to salvage the residential real estate market, it's at best worth $23 trillion in the U.S. We're struggling to save the stock market, but that's valued at less than $15 trillion. And we hope to keep the entire U.S. economy from collapsing, yet gross domestic product stands at $14.2 trillion.....

ful story: http://www.marketwatch.com/news/story/The-700-trillion-elephant-room/story.aspx?guid={024DB809-8506-4AA9-83BB-B053FD4E1C11} (http://www.marketwatch.com/news/story/The-700-trillion-elephant-room/story.aspx?guid=%7B024DB809-8506-4AA9-83BB-B053FD4E1C11%7D)

700,000,000,000,000.00 :dumm

06.03.2009, 22:46
Million, Billion, Trillion...

© Copyright 1999, Jim Loy

People sometimes ask me the names of the large numbers. Here is a table. The system used in the U.S. is not as logical as that used in other countries (like Great Britain, France, and Germany). In these other countries, a billion (bi meaning two) has twice as many zeros as a million, and a trillion (tri meaning three) has three times as many zeros as a million, etc. But the scientific community seems to use the American system.

06.03.2009, 23:15
March 3, 2009: How Broken Is The Stock Market?


07.03.2009, 11:40
...ich find die einfach gut - wenn auch sehr nüchtern :o

March 6, 2009 Commentary with John Grant http://www.cyclesman.info/speaker.gif (http://www.cyclesman.info/Interviews/John030609.mp3)


07.03.2009, 11:41
...kleiner Ausgleich ;)

Click on the picture below to go to The Great Illusion.

http://goldtent.net/wp_gold/wp-content/uploads/2009/03/stairwaytoheaven-d-4d1.jpg (http://www.thegreatillusion.com/)

07.03.2009, 12:11
Madoff Gets At Least a Couple More Days of Luxury Living:bad

Judge Won't Make Decision On His Bail Until Monday

Jan. 9, 2009
----> 6 comments (http://abcnews.go.com/Blotter/WallStreet/comments?type=story&id=6615215)

Bernard Madoff will spend another weekend in his $7 million New York penthouse. Federal Magistrate Ronald Ellis has informed the court that he will not make a decision on whether or not to revoke the bail of the alleged master of a $50 billion investor fraud scheme until Monday at noon.

http://a.abcnews.com/images/Blotter/ap_madoff_court_090105_mn.jpgDisgraced financier Bernard Madoff leaves U.S. District Court in Manhattan after a bail hearing in... http://a.abcnews.com/assets/images/icons/icon-arrow-down.gif (http://abcnews.go.com/Blotter/WallStreet/story?id=6615215&page=1#)
Disgraced financier Bernard Madoff leaves U.S. District Court in Manhattan after a bail hearing in New York, today. Prosecutors on Monday said Madoff violated bail conditions by mailing about $1 million worth of jewelry and other assets to relatives and should be jailed without bail. http://a.abcnews.com/assets/images/icons/icon-arrow-up.gif (http://abcnews.go.com/Blotter/WallStreet/story?id=6615215&page=1#)
(Kathy Willens/AP Photo)
full story: http://abcnews.go.com/Blotter/WallStreet/story?id=6615215&page=1

....einer der Kommentare:
The Madoff case alone has the potential to bankrupt the our government's SIPC program. If the govt allows each individual affected by the Madoff scandal to receive funding UP TO 500,000 per individual (100K cash). Yes America, you heard it right, one small hedge fund is evenough to BANKRUPT the almost 40 year old SECURITIES INVESTOR PROTECTION CORP -- the govt corporation which just about every investor in America relies on. Proof? Their most current fianancial stament on the SIPC website (2007) lists their total assets at $1.5 billion. This means the SIPC can only pay out a total of a mere 3,000 individual cliams of 500K. America has tens of millions individuals who rely on the SIPC to protect their investments. The SIPC has 5,435 firms and just one of them is enough to bankrupt the organization.
Posted by:
upticks09 (http://abcnews.go.com/Blotter/WallStreet/comments?type=user&loginCode=%7B3194AF51-E3B6-40FC-9EFC-247868920C7F%7D) Jan-10

....Hauptsache man köpft jetzt alle die kleineren Steuersünder - dann kann man bei den wirklich grossen Sündern Milde walten lassen :dumm
auch wenn ich mich wiederhole - es lebe die Doppelmoral :Prost


07.03.2009, 12:39
:rolleyes:rolleyes:rolleyes auf eigene Rechnung und Gefahr :o:o:o

Uh Oh, White House Seeks Economic Advice From Twitter

Nicholas Carlson (http://www.businessinsider.com/nicholas-carlson)|Mar. 6, 2009, 8:44 AM|http://static.10gen.com/businessinsider/assets/images/icons/icon_comment_12x12.gif?ctxt=www2009-03-05-01-5683aaa5e2ee41ac27f0b68bca7101a32147af4e&lm=1234290500000 (http://www.businessinsider.com/uh-oh-white-house-seeks-economic-advice-from-twitter-2009-3#comments)343 (http://www.businessinsider.com/uh-oh-white-house-seeks-economic-advice-from-twitter-2009-3#comments)
Tags: Online (http://www.businessinsider.com/online), Twitter (http://www.businessinsider.com/twitter), White House (http://www.businessinsider.com/white-house), Barack Obama (http://www.businessinsider.com/barack-obama), Social Networking (http://www.businessinsider.com/social-networking), Recession (http://www.businessinsider.com/recession), Big Tech (http://www.businessinsider.com/big-tech)

http://static.10gen.com/businessinsider/%7E%7E/f?id=49b124ca14b9b9ac00fbbdfc&maxX=401&maxY=300 Twitter cofounder and CEO Ev Williams is headed to the White House today.

The administration invited him to joinhttp://i.ixnp.com/images/v3.70/t.gif (http://venturebeat.com/2009/03/05/searching-for-the-wisdom-of-the-twits/) a “young business leaders" summit to discuss the economic crises.

As Ev himself puts it -- in a Twitter message, of course -- "[this] must mean they're *really* out of ideas."

A reminder: With 6 million members and 700% plus growth, Twitter makes no money in the US. (It sells some ads in Japan).



Jon Stewart On Twitter: "I Have No Idea How It Works, Or Why It Is"

Nicholas Carlson (http://www.businessinsider.com/nicholas-carlson)|Mar. 3, 2009, 7:22 AM|http://static.10gen.com/businessinsider/assets/images/icons/icon_comment_12x12.gif?ctxt=www2009-03-05-01-5683aaa5e2ee41ac27f0b68bca7101a32147af4e&lm=1234317116000 (http://www.businessinsider.com/jon-stewart-on-twitter-i-have-no-idea-how-it-works-or-why-it-does-2009-3#comments)26 (http://www.businessinsider.com/jon-stewart-on-twitter-i-have-no-idea-how-it-works-or-why-it-does-2009-3#comments)
Tags: Media (http://www.businessinsider.com/media), Twitter (http://www.businessinsider.com/twitter)
The Daily Show's Jon Stewart took on micro-blogging service Twitter during his "Old Man Stewart Shakes His Fist at …" segment. He said, "I have no idea how it works, or why it is." Can we confess? Neither do we.

First the Stewart clip, and then below that, Twitter CEO Ev Williams on Charlie Rose, trying to answer all our questions:

07.03.2009, 12:48
OMERTA (http://bloomberg.com/apps/news?pid=20601087&sid=ay4EQLpX173o&refer=home)
http://images.huffingtonpost.com/gen/67631/thumbs/r-OMERTA-huge.jpg (http://bloomberg.com/apps/news?pid=20601087&sid=ay4EQLpX173o&refer=home)

Bank Of America Stonewalls New York Atty General... (http://bloomberg.com/apps/news?pid=20601087&sid=ay4EQLpX173o&refer=home) Threatens To Sue Former Exec Willing To Talk... (http://abcnews.go.com/Blotter/story?id=7026436&page=1) Fed Won’t Say Where AIG Money Has Gone… WSJ: Goldman Sachs, BofA, Merrill Received Bailout Money From Insurer (http://online.wsj.com/article/SB123638394500958141.html)

Quick Read (http://www.huffingtonpost.com/2009/03/06/cuomo-bank-of-america-sty_n_172708.html) |
Comments (1397) (http://www.huffingtonpost.com/2009/03/06/cuomo-bank-of-america-sty_n_172708.html)
| Bank Of America (http://www.huffingtonpost.com/news/bank-of-america)

07.03.2009, 19:28
Steuerbetrug: Deutschland stellte nur ein Amtshilfegesuch

Der deutsche Finanzminister Peer Steinbrück stellt die Schweiz gerne als Schlupfloch für deutsche Steuerbetrüger dar. Amtshilfe wegen Steuerbetrug stellen die deutschen Behörden aber so gut wie nie. Ein einziges Gesuch ist in den letzten zehn Jahren in der Schweiz gestellt worden....


07.03.2009, 19:31
Jürgen Dormann zur Verwundbarkeit des Industriesektors, zur Hektik des Geldausgebens und zu Dauer und Kosten der Krise

Sie sind zwar kein Wirtschaftspolitiker, aber Sie kennen die Wirtschaft. Wie wird man aus dieser enormen Überschuldung des Staates herausfinden? Wird es Inflation geben?

Ja, die Rechnung wird bezahlt von der Masse der kleinen Leute, wie das leider schon in der Geschichte öfters so war. Man kann nur hoffen, dass generell alles wieder besser wird und die Politiker an die Reprivatisierung denken und nicht alles verplanen. Mit Blick auf Frankreich, Deutschland und England bin ich heute allerdings nicht so zuversichtlich. Die Menschen in Deutschland und Frankreich neigen stark zur Mentalität, dass der Staat es richten müsse. Das ist ein fundamentaler Unterschied gegenüber der Schweiz, in der die Bürgergesellschaft doch gegen allzu viel Staatseinfluss ist. Machen wir uns nichts vor, wir werden eine Kombination von Inflation und Steuererhöhungen sehen....


07.03.2009, 19:48
07 March 2009

Weekend Reading: How Wall Street and Washington Are Betraying America (http://jessescrossroadscafe.blogspot.com/2009/03/weekend-reading-how-wall-street-and.html)

The original title for this essay was "How Wall Street and Washington Betrayed America." As you can see from the above, this blog has a slightly different perspective.

We would like to be able to say that this was an unfortunate problem that has occurred, and that we are dealing with its aftermath. The repair of the economy is just a matter of time and money.

It is not, and we are not.

The problem continues. This was not an exogenous event like an accident. It is a pernicious condition, a chronic wasting disease. The carriers of the infection are still at work.

The system is distorted, sick, incapable of self-cure. Feeding intravenous liquidity to obtain the appearance of health will not work, only allow the disease to progress. Strong medicine is required.

We will have no recovery until we have reform.

We will have no reform until the banks are restrained, and balance is restored.

The looting of the public Treasury will continue while the Congress and the Executive take their direction from Wall Street.

Paying for Policy in Washington
Wall Street's Best Investment

"The entire financial sector (finance, insurance, real estate) drowned political candidates in campaign contributions, spending more than $1.7 billion in federal elections from 1998-2008. Primarily reflecting the balance of power over the decade, about 55 percent went to Republicans and 45 percent to Democrats. Democrats took just more than half of the financial sector's 2008 election cycle contributions.

The industry spent even more -- topping $3.4 billion -- on officially registered lobbyists during the same period. This total certainly underestimates by a considerable amount what the industry spent to influence policymaking. U.S. reporting rules require that lobby firms and individual lobbyists disclose how much they have been paid for lobbying activity, but lobbying activity is defined to include direct contacts with key government officials, or work in preparation for meeting with key government officials. Public relations efforts and various kinds of indirect lobbying are not covered by the reporting rules.

During the decade-long period:

* Commercial banks spent more than $154 million on campaign contributions, while investing $383 million in officially registered lobbying;

* Accounting firms spent $81 million on campaign contributions and $122 million on lobbying;

* Insurance companies donated more than $220 million and spent more than $1.1 billion on lobbying; and

* Securities firms invested more than $512 million in campaign contributions, and an additional nearly $600 million in lobbying. Hedge funds, a subcategory of the securities industry, spent $34 million on campaign contributions (about half in the 2008 election cycle); and $20 million on lobbying. Private equity firms, also a subcategory of the securities industry, contributed $58 million to federal candidates and spent $43 million on lobbying.

Individual firms spent tens of millions of dollars each. During the decade-long period:

* Goldman Sachs spent more than $46 million on political influence buying;

* Merrill Lynch threw more than $68 million at politicians;

* Citigroup spent more than $108 million;

* Bank of America devoted more than $39 million;

* JPMorgan Chase invested more than $65 million; and

* Accounting giants Deloitte & Touche, Ernst & Young, KPMG and Pricewaterhouse spent, respectively, $32 million, $37 million, $27 million and $55 million.

The number of people working to advance the financial sector's political objectives is startling. In 2007, the financial sector employed a staggering 2,996 separate lobbyists to influence federal policy making, more than five for each Member of Congress. This figure only counts officially registered lobbyists. That means it does not count those who offered "strategic advice" or helped mount policy-related PR campaigns for financial sector companies. The figure counts those lobbying at the federal level; it does not take into account lobbyists at state houses across the country. To be clear, the 2,996 figure represents the number of separate individuals employed by the financial sector as lobbyists in 2007. We did not double count individuals who lobby for more than one company the total number of financial sector lobby hires in 2007 was a whopping 6,738.

A great many of those lobbyists entered and exited through the revolving door connecting the lobbying world with government. Surveying only 20 leading firms in the financial sector (none from the insurance industry or real estate), we found that 142 industry lobbyists during the period 19982008 had formerly worked as "covered officials" in the government. "Covered officials" are top officials in the executive branch (most political appointees, from members of the cabinet to directors of bureaus embedded in agencies), Members of Congress, and congressional staff.

Nothing evidences the revolving door -- or Wall Street's direct influence over policymaking -- more than the stream of Goldman Sachs expatriates who left the Wall Street goliath, spun through the revolving door, and emerged to hold top regulatory positions. Topping the list, of course, are former Treasury Secretaries Robert Rubin and Henry Paulson, both of whom had served as chair of Goldman Sachs before entering government. Goldman continues to be well represented in government, with among others, Gary Gensler, President Obama's pick to chair the Commodity Futures Trading Commission, and Mark Patterson, a former Goldman lobbyist now serving as chief of staff to Treasury Secretary Timothy Geithner.

All of this awesome influence buying has enabled Wall Street to establish the framework for debates in Washington, and to obtain very specific deregulatory actions, with devastating consequences."
Click below to find the full report with Executive Summary.

Sold Out: How Wall Street and Washington Betrayed America (http://www.wallstreetwatch.org/soldoutreport.htm)

Posted by Jesse at 11:45 AM (http://jessescrossroadscafe.blogspot.com/2009/03/weekend-reading-how-wall-street-and.html) http://www.blogger.com/img/icon18_email.gif :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4977045578085593437) (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4977045578085593437)

07.03.2009, 20:01
Der deutsche Finanzminister Peer Steinbrück.....
Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1224943#post1224943)
...wer solche Sprüche von sich gibt :kotz "Erkenntnis und Hochverrat ist immer eine Frage des Datums" wirkt reichlich unglaubwürdig :o

....aber auch unsere Leute könnten einiges besser machen :rolleyes
Video ---> http://tagesschau.sf.tv/ (Nachrichten - Samstag, 7. März 2009)

http://tagesschau.sf.tv/var/storage/images/supplynet/companies/sf/eigene_objekte/sf_tagesschau/nachrichten/positive_stimme_aus_den_usa/7219378-6-ger-DE/positive_stimme_aus_den_usa.jpg (http://javascript%3Cb%3E%3C/b%3E:showBigPlayer%28%27vplayer436530%27%29)

Positive Stimme aus den USA (http://tagesschau.sf.tv/nachrichten/archiv/2009/03/07/schweiz/positive_stimme_aus_den_usa)

Frühere US-Botschafterin ruft zur Mässigung auf

Der Druck aus den USA auf die Schweiz wächst. Unter all den negativen Stimmen aus den USA sind positive Einschätzungen der Schweiz rar. In einem Interview mit der «Tagesschau» nimmt die frühere US-Botschafterin in der Schweiz, Faith Whittlesey, ihren ehemaligen Arbeitsort in Schutz und äussert Kritik am Vorgehen der USA. mehr … (http://tagesschau.sf.tv/nachrichten/archiv/2009/03/07/schweiz/positive_stimme_aus_den_usa)

07.03.2009, 22:12
Leuthold Joins Fleckenstein, Faber Warning on Shorts (Update2)
By Lynn Thomasson


March 5 (Bloomberg) -- Steven Leuthold (http://search.bloomberg.com/search?q=Steven+Leuthold&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), whose Grizzly Short Fund makes money for investors by betting companies will fail, says he wouldn’t invest in his own fund now because the U.S. stock market is close to its bottom.

Leuthold, who helps manage $3.2 billion as founder of Minneapolis-based Leuthold Weeden Capital Management, told investors to keep money out of the Grizzly fund yesterday after it rose 74 percent in 2008. He joined Bill Fleckenstein (http://search.bloomberg.com/search?q=Bill+Fleckenstein&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), who shut a 13-year-old bearish fund in December, and Marc Faber (http://search.bloomberg.com/search?q=Marc+Faber&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), who covered bets against U.S. stocks.

The 54 percent plunge in the Standard & Poor’s 500 Index (http://www.bloomberg.com/apps/quote?ticker=SPX%3AIND) since October 2007 gave the average short-selling hedge fund a 28 percent increase last year, the most among strategies tracked by Chicago-based Hedge Fund Research Inc. (http://www.hedgefundresearch.com/index.php?fuse=indices) Leuthold says the S&P 500 may rise 40 percent this year because the U.S. economy won’t fall into a depression and stocks are the cheapest in 24 years.

“I personally would not have an investment in the Grizzly fund because I think we’re so close to a major market bottom (http://www.bloomberg.com/apps/quote?ticker=SPX%3AIND),” said Leuthold in an interview with Bloomberg Television from Tucson, Arizona. “Every investor ought to be considering putting money into equities.”

Short sellers borrow stock and sell it with the hope of profiting by replacing it after prices fall. The number of shares held short on the New York Stock Exchange has fallen 26 percent (http://www.bloomberg.com/apps/quote?ticker=NYSINYSE%3AIND) from a July peak.....

full story: http://www.bloomberg.com/apps/news?pid=20601103&sid=aX8yh0EgfMFE&refer=us

....gibt's Bären noch :confused:rolleyes:schwitz:gruebel

08.03.2009, 11:48
Video Explanations Of Fed's Balance Sheet, Monetary Base, Gold Standard, Etc... (http://www.marketskeptics.com/2009/03/video-explanations-of-feds-balance.html)

by Eric deCarbonnel (cedec0@yahoo.com)

...etwas trocken :o aber gut

08.03.2009, 20:04
Iraq's Unspeakable Crime: Mothers Pimping Daughters

By Rania Abouzeid / Baghdad (http://javascript%3Cb%3E%3C/b%3E:void%280%29) Saturday, Mar. 07, 2009


After her husband was killed, Atoor's family tried to sell her to a local Baghdad brothel. "I didn't think it would happen to me," she said. "My mother used to spoil me. Yes, she sold my sisters but she regretted that. I thought that she loved me."
Yuri Kozyrev / Noor for TIME

She goes by "Hinda," but that's not her real name. That's what she's called by the many Iraqi sex traffickers and pimps who contact her several times a week from across the country. They think she is one of them, a peddler of sexual slaves. Little do they know that the stocky, auburn-haired woman is an undercover human rights activist who has been quietly mapping out their murky underworld since 2006....
ful story: http://www.time.com/time/world/article/0,8599,1883696,00.html?xid=rss-topstories

...Mutter ist wohl der falsche Ausdruck für so was :gomad

08.03.2009, 20:12
....noch mehr Geschädigte, Arbeitssuchende - ob es ihnen besser geht als den vielen, die aus früheren Kriegen zurück kamen :confused:rolleyes oder werden sie gleich weiter verschoben :confused

IRAQ BY SEPTEMBER (http://www.huffingtonpost.com/2009/03/08/us-announces-12000-us-tro_n_172833.html)
http://images.huffingtonpost.com/gen/67759/thumbs/r-US-SOLDIERS-huge.jpg (http://www.huffingtonpost.com/2009/03/08/us-announces-12000-us-tro_n_172833.html)

SUICIDE BOMBER ATTACKS POLICE ACADEMY, KILLS 32 (http://www.huffingtonpost.com/2009/03/08/us-announces-12000-us-tro_n_172833.html)

Quick Read (http://www.huffingtonpost.com/2009/03/08/us-announces-12000-us-tro_n_172833.html) |
Comments (30) (http://www.huffingtonpost.com/2009/03/08/us-announces-12000-us-tro_n_172833.html)
| War Wire (http://www.huffingtonpost.com/news/warwire)

08.03.2009, 20:16
Sun 8 Mar 2009

All Ur Bankz Will Belong To FDIC (http://lolfed.com/2009/03/08/all-ur-bankz-will-belong-to-fdic/)

Posted by alyx under all ur bankz (http://lolfed.com/category/all-ur-bankz/)
[2] Comments (http://lolfed.com/2009/03/08/all-ur-bankz-will-belong-to-fdic/#comments)

Chris Dodd and Bob Corker want FDIC to be able to borrow $500 billion (http://online.wsj.com/article/SB123630125365247061.html) from Treasury to bankroll bankfail, $100 billion of which it could borrow without prior approval (http://online.wsj.com/article/SB123638774383958439.html) from the Fed or Treasury. The bill has four Republican backers, including the aforementioned generally-bearish-on-panty-raids (http://www.blah3.com/article.php?story=20061029112130601) Corker, who, despite his inability to add a clause to the bill providing a bottle of Tennessee’s finest Jack Daniels to every accountholder at any bank taken over by the FDIC, is still a big fan:

“I do not want [the FDIC] being timid,” said Sen. Bob Corker, a Tennessee Republican who is one of the co-sponsors. “I want them to be aggressive, if they feel like a bank needs to be seized, to have the ability to do it.”

Be! Aggressive! B-E Aggressive! B-E-A-G-G-R-E-S-S-I-V… oh, sorry. But wow, he sounds psyched about this opportunity to expend some government funds.

FDIC has been seizing a couple banks a week (http://online.wsj.com/public/resources/documents/info-Failed_Banks-sort.html) on average, so it is not really surprising they are in need of scratch. They usually get their money by levying fees on banks instead of begging the government for it, but we all know banks don’t have this kind of (er, actually any) money right now. Also, there is a possible BLIND ITEM in the article. Get the speculation:

Capitol Hill aides said the size of the request suggests the government is looking for flexibility to either stabilize or wind down a large bank. The Obama administration has suggested it wouldn’t allow any of the 19 U.S. banks with more than $100 billion of assets to fail.

Wonder who the “large bank” is……

08.03.2009, 21:02
...wieder mal etwas Hübsches - Politik und Finanzen sind es ja wirkich nicht :rolleyes

09.03.2009, 09:48
'Run on UK' sees foreign investors pull $1 trillion out of the City

Banking crisis undermines Britain's reputation as a safe place to hold funds

By Sean O'Grady, Economics correspondent

Saturday, 7 March 2009

A silent $1 trillion "Run on Britain" by foreign investors was revealed yesterday in the latest statistical releases from the Bank of England. The external liabilities of banks operating in the UK – that is monies held in the UK on behalf of foreign investors – fell by $1 trillion (£700bn) between the spring and the end of 2008, representing a huge loss of funds and of confidence in the City of London.

Some $597.5bn was lost to the banks in the last quarter of last year alone, after a modest positive inflow in the summer, but a massive $682.5bn haemorrhaged in the second quarter of 2008 – a record. About 15 per cent of the monies held by foreigners in the UK were withdrawn over the period, leaving about $6 trillion. This is by far the largest withdrawal of foreign funds from the UK in recent decades – about 10 times what might flow out during a "normal" quarter.

The revelation will fuel fears that the UK's reputation as a safe place to hold funds is being fatally comp-romised by the acute crisis in the banking system and a general trend to financial protectionism internationally. This week, Lloyds became the latest bank to approach the Government for more assistance. A deal was agreed last night for the Government to insure about £260bn of assets in return for a stake of up to 75 per cent in the bank. The slide in sterling – it has shed a quarter of its value since mid-2007 – has been both cause and effect of the run on London, seemingly becoming a self-fulfilling phenomenon. The danger is that the heavy depreciation of the pound could become a rout if confidence completely evaporates....

full story: http://www.independent.co.uk/news/business/news/run-on-uk-sees-foreign-investors-pull-1-trillion-out-of-the-city-1639413.html

Gordon Brown ist auch nicht eben das Gelbe vom Ei .....pfeifen bald alle aus dem letzten Loch :rolleyes
...um so mehr jetzt ablenken und kräftig auf CH :hammer

09.03.2009, 09:51
09 March 2009

Finacial Crisis Racks Up $50 Trillion in Worldwide Losses in 2008 (http://jessescrossroadscafe.blogspot.com/2009/03/finacial-crisis-racks-up-50-trillion-in.html)

This is the price we pay for chronic malinvestment, unsustainable imbalances, a bubble in the world's reserve currency, and a blind eye to protracted fraud and misrepresentation of the economic reality by the financiers and their partners in government.

Staggering losses to be sure, and more to come. But what is most discouraging is that so far we have made little or no progress towards systemic reform and a return balanced global trade with organic growth, savings, and an efficient world financial flow of goods, services, and wealth.

Economic Times (India) (http://economictimes.indiatimes.com/News/International-Business/50-trillion-wiped-off-world-financial-assets-ADB/rssarticleshow/4243798.cms)
$50 trillion wiped off world financial assets: ADB
9 Mar 2009, 1022 hrs IST,
ET Bureau

MANILA: The global crisis wiped a staggering $50 trillion off the value of financial assets last year including $9.6 trillion of losses in developing Asia alone, the Asian Development Bank said Monday.

``This is by far the most serious crisis to hit the world economy since the Great Depression,'' said ADB President Haruhiko Kuroda. But he predicted Asia would be ``one of the first regions to emerge from it.''

In a study commissioned by the Manila-based lender on the impact of the financial crisis on emerging economies, it estimated the value of financial assets worldwide, currency, equity and bond markets, to have dropped by $50 trillion in 2008......

Posted by Jesse at 4:02 AM (http://jessescrossroadscafe.blogspot.com/2009/03/finacial-crisis-racks-up-50-trillion-in.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4217918926862982073) :verbeug

09.03.2009, 09:58

Nikkei sinkt auf tiefsten Stand seit 26 Jahren (http://www.spiegel.de/wirtschaft/0,1518,612080,00.html)

http://www.spiegel.de/img/0,1020,1457857,00.jpg (http://www.spiegel.de/wirtschaft/0,1518,612080,00.html)
Wirtschaftsmacht Japan in Not: Der Nikkei-Index schloss auf einem 26-Jahres-Tief, die Zahl der Firmenpleiten steigt an. Jetzt sind die Exporte so stark eingebrochen, dass Tokio erstmals seit 13 Jahren ein Defizit der Leistungsbilanz verzeichnet. mehr... (http://www.spiegel.de/wirtschaft/0,1518,612080,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6510) ]

09.03.2009, 10:09
. :schwitz :rolleyes

09.03.2009, 10:25
Immelt Meets Buffett in Market Roiled by Credit Swaps (Update4)
By Shannon D. Harrington


March 6 (Bloomberg) -- Warren Buffett (http://search.bloomberg.com/search?q=Warren+Buffett&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) and Jeffrey Immelt (http://search.bloomberg.com/search?q=Jeffrey+Immelt&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) are among a handful of chief executive officers whose companies are rated AAA. Yet Buffett’s Berkshire Hathaway Inc. and Immelt’s General Electric Co. are being treated like junk in the market for credit-default swaps.

Contracts that protect investors against a default on bonds of Omaha, Nebraska-based Berkshire, which has $25.5 billion in cash, cost as much as those of KB Home, the homebuilder that lost money for seven consecutive quarters. Credit-default swaps on the finance arm of GE, which holds $45 billion of cash, are about as expensive as those for building materials-maker Louisiana-Pacific Corp., which posted nine straight quarterly losses.

Trading in credit derivatives is proving investors believe no borrower is immune from the seizure in credit markets that led to the U.S. government’s takeover of insurer American International Group Inc. (http://www.bloomberg.com/apps/quote?ticker=AIG%3AUS) and the collapse of investment bank Lehman Brothers Holdings Inc. (http://www.bloomberg.com/apps/quote?ticker=LEHMQ%3AUS) Like those companies, Berkshire and GE relied on high credit ratings to generate profit and win new business.

“The market is tarring them with a similar brush in that these guys likely used their AAA ratings to achieve a very low funding on bets that you and I may have not otherwise have taken,” said Tim Backshall (http://search.bloomberg.com/search?q=Tim+Backshall&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), chief strategist at Credit Derivatives Research LLC in Walnut Creek, California.....

full story: http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=amJHjqaR0P64

...der Lack fällt überall ab :rolleyes

09.03.2009, 10:42
Ann Pettifor (http://www.huffingtonpost.com/ann-pettifor)http://www.huffingtonpost.com/contributors/ann-pettifor/headshot.jpg

New Economist, Author, Debtonation - The Coming First World Debt Crisis
Posted March 8, 2009 | 08:37 PM (EST)

Like Somali Pirates, Wall Street Holds U.S. to Ransom (http://www.huffingtonpost.com/ann-pettifor/like-somali-pirates-wall_b_172909.html)

Somali Pirates were condemned when they hijacked tankers, took sailors hostage and demanded million-dollar ransoms. But their demands were a drop in the bucket compared to the ransoms demanded by Wall Street.

And the Somalis were kinder to their hostages than Wall Street is to millions of unemployed Americans. For while the Somalian pirates returned hostages unharmed, bankers, fraudsters and failed insurers continue to harm the US administration and hold millions of Americans hostage. The latter are being stripped effectively, of pensions, savings, livelihoods and jobs.

The Pentagon ordered the US Navy to apprehend Somalian pirates. However there has been no such 'Counter Piracy Execute Order' from the White House or US Treasury and aimed at Wall St. buccaneers. On the contrary. The US Treasury, like the British government, is capitulating to the pirates of the finance sector with a haste and a timidity that is unseemly, and if I may say so, unmanly.......

......The Federal Reserve can begin to lower borrowing costs by measures known as Quantitative Easing (QE). These were adopted by the Bank of Japan in March, 2001, and by the Bank of England last week. QE does not mean 'printing money' - this is a widespread misunderstanding. (For more on QE, click here (http://debtonation.org/).) QE will help to lower interest rates and therefore borrowing costs. Governor Ben Bernanke is still ignoring the experience of Japan and the way in which QE was used to lower rates and loosen the grip of insolvency on the economy.

He must adopt QE measures urgently. The Obama presidency has only just been launched on a wave of excitement and anticipation. If it is not to end with a hostage crisis of mass unemployment, rising crime, hungry children and riots outside banks, then the Federal Reserve and the US Treasury must take control.

full story: http://www.huffingtonpost.com/ann-pettifor/like-somali-pirates-wall_b_172909.html

....ob's gelesen wird - oder einfach überlesen :rolleyes oder muss es wirklich zum Aufruhr kommen :confused die :kotz Wallstreet Banksters "regieren" die Welt und kaum jemand muckt auf :gomad

09.03.2009, 10:52
Obama will use spring summit to bring Cuba in from the cold

US companies are queuing up :rolleyes as the president moves to ease restrictions on travel and trade, raising hopes of warmer relations and an end to the embargo

Comments (174) (http://www.guardian.co.uk/world/2009/mar/08/cuba-obama-administration?commentpage=1)

Rory Carroll (http://www.guardian.co.uk/profile/rorycarroll), Latin America correspondent
The Observer, (http://observer.guardian.co.uk/) Sunday 8 March 2009
Article history (http://www.guardian.co.uk/world/2009/mar/08/cuba-obama-administration#history-byline)
President Barack Obama is poised to offer an olive branch to Cuba (http://www.guardian.co.uk/world/cuba) in an effort to repair the US's tattered reputation in Latin America.

The White House has moved to ease some travel and trade restrictions as a cautious first step towards better ties with Havana, raising hopes of an eventual lifting of the four-decade-old economic embargo. Several Bush-era controls are expected to be relaxed in the run-up to next month's Summit of the Americas in Trinidad and Tobago to gild the president's regional debut and signal a new era of "Yankee" cooperation.....

full story: http://www.guardian.co.uk/world/2009/mar/08/cuba-obama-administration

Kommentare :rolleyes
...wird ja auch mal Zeit - Geschäfte allerdings wollen die Amis wohl in erster Linie machen :rolleyes

09.03.2009, 10:56

Finanzkrise vernichtet knapp 40 Billionen Euro (http://www.spiegel.de/wirtschaft/0,1518,612097,00.html)

Deprimierendes Ergebnis einer Studie der Asiatischen Entwicklungsbank: Die Finanzkrise hat bislang weltweit Vermögenswerte im Wert von rund 40 Billionen Euro vernichtet. Am stärksten sei Asien betroffen, es werde sich aber auch als erstes wieder erholen. mehr... (http://www.spiegel.de/wirtschaft/0,1518,612097,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6433) ]

...ich glaube der dämliche Börsen-Spruch das Geld ist nicht verloren - es hat nur ein anderer, dürfte langsam auch hinfällig sein :o

09.03.2009, 14:08
Finma: Haltiner gerät immer stärker unter Druck

08.03.2009 10:53
Eugen Haltiner, Präsident der Finanzmarktaufsicht (Finma), muss sich immer mehr Vorwürfe gefallen lassen. Nachdem er überrissene Lohnforderungen gestellt hatte, wird jetzt auch bekannt, dass er in der Affäre UBS nicht in den Ausstand tritt- obwohl das Reglement dies vorsieht.

Für Haltiner wird es schwieriger, seine Position zu halten. Am Hearing im US-Kongress wurden Vorwürfe laut, dass die UBS-Chefs geschützt würden. John DiCicco, der stellvertretende Staatsanwalt des US-Justizdepartements, sagte im Hearing: «Sicher wussten die Chefs der UBS, was in den USA geschah.» Die UBS selber und eben auch die Finma haben dies stets bestritten :dumm Darum wird die Unabhängigkeit der Finma zum Thema. Haltiner war bis Ende 2005 UBS-Manager :rolleyes – und eigentlich steht im Finma-Reglement, dass er in Geschäften, die seinen früheren Arbeitgeber betreffen, in den Ausstand treten sollte.

Wie die Finma bestätigt, ist das seit letztem November nicht mehr der Fall. Die Zeitung «Sonntag» schreibt nun, dass Haltiner seither mehrmals beim Bundesrat Druck ausübte und die Herausgabe der Kundendaten an die UBS verlangte. Auch soll er vorgeschlagen haben, dass man die Doppelbesteuerungsabkommen mit den wichtigsten ausländischen Staaten neu verhandelt.

Am 19. Dezember erhielt die Finma die Kompetenz, im Notfall die UBS-Daten den Amerikanern zu übergeben. Dies dank einem Mehrheitsbeschluss des Bundesrats – gegen den Willen der Bundesräte Hans-Rudolf Merz (FDP) und Ueli Maurer (SVP). Am 18. Februar wurden die Daten auf blossen Verdacht hin und trotz fehlender Urteile des Bundesverwaltungsgerichts von der Finma an die US-Justizbehörden ausgeliefert.

Haltiner sorgte auch wegen Gehaltsforderungen für Aufregung. Er wollte für seine Leute einen Drittel mehr Lohn (cash vom 3.3.09). Die sieben GL-Mitglieder hätten bis zu 320000 Franken Fixlohn plus einen Bonus von 20 Prozent erhalten sollen. Damit hätten sich die Löhne denen der Finanzbranche angenähert. Der Bundesrat lehnte schliesslich dieses Lohnmodell ab.

In Bern geht man hinter vorgehaltener :rolleyes Hand davon aus, dass Haltiner seinen Job bei der Finma nicht mehr lange behalten wird, wie der «Sonntag» schreibt.


....ein Drittel mehr Lohn plus 20% Bonus :dumm für was eigentlich :gomad ...der :kotz Finanzbranche angenähert :dumm die das Land gegen den Abgrund treibt und jetzt will die "Aufsicht" auch noch einen Bonus dafür :bad

09.03.2009, 14:22
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Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3774124#3774124) 24. Wolfgang Munchau: Abandon All Hope..... http://upload.democraticunderground.com/discuss/images/avatars/earth.gif While Wolfgang Munchau's latest comment for the Financial Times, "An L of a recession – reform is the way out," fell short of being apocalyptic, it was the gloomiest piece I can recall coming from him. Munchau argues that the world is going into what is politely referred to as an L shaped recession, but he sees it as a full blown, Japan style recession. Why? Because governments lack the will to take the painful steps necessary to forestall even more painful outcomes.

The big items he points to are: reluctance to reform the financial sector, major economies clinging to national strategies that no longer work, and in particular, exporters unwilling to spend short term and reorient longer term to stimulate enough demand internally.

From the Financial Times (http://www.ft.com/cms/s/0/27c46bec-0c0c-11de-b87d-0000779fd2ac.html):

The US is dragging its feet over the financial sector. The European Union is doing the same, as well as failing to adopt policies that could shield it from an increasingly probable speculative attack. And judging by the state of preparations, the forthcoming Group of 20 summit is going to be a disaster.

So it looks like it is going to be an L – not a V or a U. I mean an L-shaped recession, one that starts with a steep decline, followed by very low growth for many years... This looks like Japan all over. Without financial restructuring, the economy is not going to recover. And Japan was lucky. It was surrounded by a booming global economy.


In an L-shaped recession, however, recession gives way to depression, despite the fact that both countries thought they had done their “homework”. If nobody can afford to run a large deficit for a long time – which is what an L recession effectively implies – the economic models of Germany and Japan will no longer work. Germany had a current-account surplus of more than 7 per cent last year. It is the world’s largest exporter. Exports constitute about 41 per cent of national gross domestic product – an extraordinary number, given the size of the country.

http://www.nakedcapitalism.com/2009/03/wolfgang-munchau... (http://www.nakedcapitalism.com/2009/03/wolfgang-munchau-abandon-all-hope.html)

09.03.2009, 16:47
Louisiana bank is first to return TARP funds

Iberiabank Corp., which received $90 million in December, says recent changes to the program would leave it disadvantaged if it kept the money.

By Kenneth Musante (kenneth.musante@turner.com), CNNMoney.com staff writer
Last Updated: February 27, 2009: 6:33 PM ET

.....Earlier this week several congressmen, including Sen. John Kerry, D-Mass., expressed outrage (http://money.cnn.com/2009/02/24/news/economy/bailout_abuses.reut/index.htm?postversion=2009022414) at Chicago-based Northern Trust (NTRS (http://money.cnn.com/quote/quote.html?symb=NTRS&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/2579.html?source=story_f500_link)), a relatively unscathed bank which received $1.6 billion through the TARP program in November, for throwing a lavish party for clients at a golf tournament. :gomad
"Absolutely, some banks regret taking TARP. The enormous amount of mistrust the government has created in banks is something we've never seen," (:eek und die Ka**e welche die Banken gebaut haben :gomad hat er wohl auch never seen :bad) Chris Kelly, head of capital markets at law firm Jones Day, told CNNMoney.com (http://money.cnn.com/2009/02/25/markets/thebuzz/index.htm?postversion=2009022514) when discussing Northern Trust earlier this week......

full story: http://money.cnn.com/2009/02/27/news/companies/iberia_tarp/index.htm?source=yahoo_quote

...also manche kriegen die Füsse wirklich nicht an den Boden :dumm

09.03.2009, 17:18

Wie deutsche Senioren in der Lehman- Falle landeten (http://www.spiegel.de/wirtschaft/0,1518,612195,00.html)

Zehntausende deutsche Anleger verloren mit der Pleite von Lehman Brothers ihr Erspartes. Ein Netz aus Detektiven und Anwälten recherchiert jetzt, wie es dazu kommen konnte und wie die Kunden womöglich ihr Geld zurückerhalten - und stoßen dabei auf erstaunliche Details. Von Udo Ludwig mehr... (http://www.spiegel.de/wirtschaft/0,1518,612195,00.html) [ Video (http://www.spiegel.de/video/video-38362.html) | Forum (http://forum.spiegel.de/showthread.php?t=6499) ]

.....warum Anatomie einer Pleite - wohl besser eines Betruges :mad

inkl. Citibank :o bei so viel Beschiss in den eigenen Reihen wundert es mich nicht, dass man die Kohle ausserhalb der Grenzen holen will :rolleyes

09.03.2009, 17:35

Klattens Erpresser zu sechs Jahren Haft verurteilt (http://www.spiegel.de/panorama/justiz/0,1518,612180,00.html)

Kurzer Prozess für Helg Sgarbi: Das Landgericht München hat den Erpresser von Susanne Klatten zu einer Gefängnisstrafe von sechs Jahren verurteilt - nach weniger als fünf Stunden Verhandlung. Deutschlands reichste Frau musste nicht als Zeugin auftreten, der Täter hat ein volles Geständnis abgelegt. mehr... (http://www.spiegel.de/panorama/justiz/0,1518,612180,00.html) [ Video (http://www.spiegel.de/video/video-55049.html) ]

.....Die Verteidigung führte hingegen an, Susanne Klatten habe praktisch aus freier Entscheidung einen Millionenbetrag bezahlt. Die versuchte Erpressung wiederum drehe sich um die Bekanntgabe einer sexuellen Beziehung und sei nicht etwa vergleichbar mit der Erpressung von Supermarkt-Ketten durch Gift in Lebensmitteln, sagte Anwalt Egon Geis.....

ist wohl ok....aber ein Herr Madoff erfreut sich immer noch seiner Luxus-Wohnung :gomad zwar haben ihm die Menschen das Geld auch freiwillig gegeben - aber dass sie dadurch pleite gingen war wohl nicht beabsichtgt :rolleyes na ja - man muss ja jetzt auch die Steuersünder jagen - keine Zeit für Bagatellen wie Madoff :gomad

09.03.2009, 17:40
09 March 2009

Warren Buffett: "Economy Has Fallen Off a Cliff" (http://jessescrossroadscafe.blogspot.com/2009/03/warren-buffett-economy-has-fallen-off.html)

http://4.bp.blogspot.com/_H2DePAZe2gA/SbU_oFxIWZI/AAAAAAAAIlA/T2UlWRO7m9I/s320/buffett.JPG (http://4.bp.blogspot.com/_H2DePAZe2gA/SbU_oFxIWZI/AAAAAAAAIlA/T2UlWRO7m9I/s1600-h/buffett.JPG) Warren Buffett is 'talking his book' for a portion of this interview, but he does have some unique insights into the real time economic conditions because of the position of his conglomerate in a number of key businesses that measure the pulse of economic activity.

He sees inflation ahead, and rightly so. The question however is, as always, when?

Adding debt capacity to the system now is useless. Yes, stabilizing the financial system is important. But the demand for debt is so lagging, and the prospects for profit so poor, that one wonders if only the desparate will cry for more credit while they drown.

The solution will be an improvement in the median wage, systemic reforms, and the orderly writedown of debt held by effectively insolvent banks. 'Saving the banking system' as it is constituted now is more than a fool's errand.

It is the path to a test of the fabric of our government not seen since the 1860's.

Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=a7Osj04vDEK8&refer=home#)
Warren Buffett Says Economy Has ‘Fallen Off a Cliff’
By Erik Holm
March 9, 2009 09:29 EDT

March 9 (Bloomberg) -- Billionaire Warren Buffett, whose Berkshire Hathaway Inc. posted its worst results ever in 2008, said the economy “has fallen off a cliff” and that efforts to stimulate recovery may lead to inflation higher than the 1970s.

The American public is fearful, confused and changing their buying habits, which is showing up at Berkshire’s operating units, Buffett said during an appearance on the CNBC television network today. While the recession will end and future generations will live better than their parents, the economy “can’t turn around on a dime,” Buffett said, adding that some inflation is appropriate right now.

“We are doing things now that are potentially very inflationary,” he said. Buffett called on Congress to unite behind President Barack Obama, comparing the economic crisis to a military conflict that needs a commander-in-chief. “Patriotic Americans will realize this is a war,” he said....

Posted by Jesse at 11:34 AM (http://jessescrossroadscafe.blogspot.com/2009/03/warren-buffett-economy-has-fallen-off.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1915148780670214119) :verbeug

09.03.2009, 18:02
Economy has fallen off a cliff :rolleyes;)

09.03.2009, 21:20
09 March 2009

Chris Whelan: Tim Geithner is a Disaster and Will Be Out by June (http://jessescrossroadscafe.blogspot.com/2009/03/chris-whelan-tim-geithner-is-disaster.html)

"Tim Geithner has no financial skills. The only reason he is there [the Treasury Secretary] is to protect Goldman Sachs."Interview with Chris Whelan of Institutional Risk Analytics on TheStreet.com


09.03.2009, 21:23
DOUBLE TEAM (http://www.huffingtonpost.com/2009/03/09/cuomo-frank-letter-blasts_n_173108.html)
CUOMO AND FRANK TO BANK OF AMERICA CEO: YOU "FUEL DISTRUST AND CYNICISM" (http://www.huffingtonpost.com/2009/03/09/cuomo-frank-letter-blasts_n_173108.html)

http://images.huffingtonpost.com/gen/67937/thumbs/r-CUOMOFRANK-huge.jpg (http://www.huffingtonpost.com/2009/03/09/cuomo-frank-letter-blasts_n_173108.html)

...ob diese Wallstreet Banksters endlich mal kalte Füsse bekommen :gomad:gomad

09.03.2009, 21:31
Sarkozy provokes anger with luxury holiday in Mexico

President Nicolas Sarkozy and his wife Carla have provoked an outcry in France by spending the weekend in a £2,100-a-night beach-front villa in Mexico.

By Henry Samuel in Paris
Last Updated: 8:14PM GMT 09 Mar 2009

The couple spent the weekend at the El Tamarindo Beach and Golf Resort, located in a nature reserve on Mexico’s south-eastern Pacific Coast.

The villa cost £1,640 plus 17 per cent tax and 10 per cent service charge – making a total of just over £2,100 per night. However, the overall cost including security and staff is believed to have come to £45,000.....

.......Mr Sarkozy, 54, earned the press nick-name of “the bling-bling president” and has a well-document penchant for gold chains and chunky watches, including Rolex and Patek Phillipe, as well as Ray Ban designer sunglasses. Miss Bruni, 41, heiress to a tyre fortune, helped him to tone down his glitzy image, but the couple took a luxury break in Brazil and then in late February took 20 bodyguards with them for a skiing break in the French resort of Megève, where a suite costs around £900 a night.

Mr Sarkozy’s one-day state visit to Mexico began yesterday, but the president and his wife flew into the country on Friday, where they were given round-the-clock protection by the Mexican army. Two naval vessels patrolled offshore and there was helicopter cover.

An Elysée source insisted that the French taxpayer had not paid for the break, saying that “the Mexican president invited them and when one is invited, one doesn’t ask how much it costs”. It is unclear whether the Mexican state subsidised the stay.

Mr Sarkozy held talks with Mr Calderón, focusing on the global economic crisis.

full story: http://www.telegraph.co.uk/news/worldnews/europe/france/4963504/Sarkozy-provokes-anger-with-luxury-holiday-in-Mexico.html

Klasse nennt man das nicht eben :rolleyes:o

09.03.2009, 21:35
Dow Jones Industrial Average

Index Value: 6,547.05 Trade Time: 4:03pm ET Change: http://us.i1.yimg.com/us.yimg.com/i/us/fi/03rd/down_r.gif 79.89 (1.21%)

....langsam bekommt man Krämpfe :o

10.03.2009, 09:29
09 March 2009

Come On Mr. Buffett (http://jessescrossroadscafe.blogspot.com/2009/03/come-on-mr-buffett.html)

This is an early evening for Jesse so the chart update may be rather late.
In the meanwhile here is a guest essay by Donald Ruffkin.

Come on, Buffett!
By Donald Ruffkin

Buffett has come out once again, offering his view of the market and where we stand. I thought his comments provided a useful platform with which to engage what are ultimately the 2 most important questions:

1. What is our problem?
2. What should we do about it?

In the first couple sections of this, I offer rebuttals to some of Buffett's statements. I use this as a lead-in to answer those 2 most important questions.

To put it simply, I believe we need the following:

1. More manufacturing
2. More savings
3. Less debt
4. Less speculation and leverage in our banking system
5. More transparency and honest dealings in our financial system

Will this be painful? Yes, it will be really, really painful. But the path we are going down will make this all the more painful. If, as I am claiming, the problem is too much for the government to prop, all the resources committed to that endeavor will have been wasted.

Let's get ready for the future, instead of bankrupting ourselves trying in vain to bring back an unsustainable past.

Buffett's comments

Mr. Buffett says we are in an economic Pearl Harbor, mirroring comments he made 6 months ago. The economy has "fallen off a cliff" and the consumer is "changing their behavior like nothing he has ever seen." There has been a reset in people's minds. He says the level of spending we are seeing is due to their being "fearful". He says that fear is contagious. He says that we have a great leader and we should follow his prescription. In wartime, you need to follow the leader. Now is not the time to ask questions or have internal dissent. Now is the time to follow what he says.

My comments

* I noted then, as I will now, that it is disingenuous at best for Buffett to be calling this an "Economic Pearl Harbor". (1) There is no external aggressor. (2) We are more like a drug addict or an alcoholic than a populus being attacked. (3) His metaphor implies we are not at fault - we just need to fight back against the force which is fighting us. In many, many ways this is not an appropriate metaphor. I understand that he is trying to convey a sense of urgency, and a need to put aside our differences to reach a good solution. But the gaping holes in the metaphor are so large that I am left with the impression that he is simply trying to scare us into following the prescription of Obama.

* The majority of people fundamentally disagree with Geithner's plan. Many people, including myself, Paul Krugman, Nouriel Roubini, Simon Johnson (former IMF Chief Economist), Richard Shelby, Lindsay Graham, Chris Dodd, KS Fed Chief Thomas Hoenig (source), Calculated Risk, Barry Ritholtz, John McCain, Nassim Taleb, Chris Whalen, Elizabeth Warren (head of Congressional Oversight Panel), Josh Rosner, Alan Greenspan, Gordon Brown, Nancy Pelosi, Nassim Taleb, Joseph Stiglitz and Todd Harrison, believe the plan put out by Tim Geithner is FUNDAMENTALLY FLAWED. Warren Buffett is basically saying that we should shut up and do what Obama says. However this plan is, to our belief, fundamentally flawed and could bankrupt this country.

This is not some trivial minority. In fact, it appears the majority OPPOSE the "private public" toxic asset purchase plan proposed by Geithner. "Private public partnership" is a euphemism for "subsidize hedge funds with low cost 9-to-1 non-recourse loans to bail out the banking system".

* The People versus The Oligarchs. Former chief of the IMF Simon Johnson takes it one level further and believes we have been and continue to be ravaged by the business elites in the US (source). I agree with his assertion, as do many other people. They look askance at the large number of Goldman alumni occupying positions of political power. At the backdoor bailouts to Goldman via the capital injections into AIG. At the fact that PIMCO, Blackrock and Goldman Asset Management are 3 of the biggest consultants helping the Fed and the Treasury manage their bailouts - conflict of interest? At the fact that Goldman was the biggest individual beneficiary of the AIG bailout. At the fact that Wall Street, in aggregate, got paid 2004-level bonuses in 2008. 2004 level bonuses? Are you kidding me? They would not exist if it was not for bailout money. We have privatized gains, and socialized losses.

* US consumer spending is NOT irrational. The Savings Rate was 1.4%, 2.6%, 3.1%, 3.9% and 5% in September 2008, October, November, December and January (see chart). Yet we began seeing Depression-level spending in December (source 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11). How much of this lack of spending is due to "fear", and how much is due to a simple reversion to the sort of savings rate we are *supposed* to have? As we can see from this chart, our savings rate structurally was north of 5% from 1929 to 1994 and went down to 0% and below. As can be seen from this global comparison of savings rates, a 10% savings rate is normal. I agree with him that spending has fallen off a cliff, but I completely disagree with his implicit assertion that there is something irrational about how much we are spending. We have seen 1 single month of an uptick in saving, and we are already moaning and crying about it.

Buffett's comments Part 2..........

Posted by Jesse at 5:12 PM (http://jessescrossroadscafe.blogspot.com/2009/03/come-on-mr-buffett.html) http://www.blogger.com/img/icon18_email.gif :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=262152126988628945)

ganzer Artikel :supi ....also überall kann man nachlesen was es mit diesen Wallstreet-Fritzen auf sich hat - und nix passiert :gomad da müsste Herr Obama schon mal richtig durchgreifen :o

10.03.2009, 09:50
Lehman buy-out house reborn :rolleyes

By Martin Arnold and Adrian Cox in London

Published: March 9 2009 22:30 | Last updated: March 9 2009 22:30

A new private equity house was set to be born from the wreckage of Lehman Brothers (http://markets.ft.com/tearsheets/performance.asp?s=us:LEHMQ) on Monday, with investors in the failed US investment bank’s buy-out business expected to vote for its recreation in a shrunken form.

While many institutional investors are exiting their troubled private equity holdings, Johann Rupert, the South African billionaire, joined forces with managers from Lehman Brothers Merchant Banking Partners to buy it out of the bank.......

....Lehman Brothers had close links to Mr Rupert, advising him on the spin-out of his tobacco holdings last year. More recently, LBMB invested with Mr Rupert’s holding company, Remgro (http://markets.ft.com/tearsheets/performance.asp?s=za:REM), in the $2.5bn takeover of Hirslanden, the Swiss hospital group. LBMB owns stakes in 27 portfolio companies.“I’m going to need to learn about merchant banking again and they are going to have to learn to have some old idiot like me who actually asks what they are doing,” said Mr Rupert, 58, who worked for Lazard in New York in the 1970s.

Copyright (http://www.ft.com/servicestools/help/copyright) The Financial Times Limited 2009

full story: http://www.ft.com/cms/s/0/475b3a92-0cea-11de-a555-0000779fd2ac.html

:schwitz reborn... :gruebel na hoffentlich mit einer "geläuterten Seele" :rolleyes

10.03.2009, 10:20

Zum Original-Beitrag (http://showthread.php3?p=1225348#post1225348)

10.03.2009, 13:13
....na das passt ja zu reborn :rolleyes

http://www.spiegel.de/img/0,1020,1459502,00.jpg (http://www.spiegel.de/wirtschaft/0,1518,612274,00.html)GEPRELLTE LEHMAN- ANLEGER

A für alt, D für doof (http://www.spiegel.de/wirtschaft/0,1518,612274,00.html)

Banker nannten sie "AD-Kunden", alt und doof: Anleger, die sich von ihren Beratern Lehman-Papiere andrehen ließen - und mit der Pleite ihr Erspartes verloren. Jetzt wehren sich die Geschädigten. Ein erfahrener Kämpfer hilft ihnen dabei. Von Hauke Goos mehr... (http://www.spiegel.de/wirtschaft/0,1518,612274,00.html) [ Video (http://www.spiegel.de/video/video-38362.html) ]

....Drei Banken haben an diesem Platz in Frankfurt-Bornheim eine Filiale, die Citibank, die Dresdner Bank und die Frankfurter Sparkasse, es sind jene drei Institute, die in Deutschland besonders eifrig Lehman-Papiere verteilt haben. Die Frankfurter Sparkasse gab zu, an 5000 Kunden Papiere von Lehman verkauft zu haben, für rund 75 Millionen Euro. Papiere, die sie als "absolut sicher" anpries und die heute absolut wertlos sind. Die Menschen, die sich hier zu einer Mahnwache versammelt haben, wissen, dass Lehman inzwischen von einem Insolvenzverwalter geführt wird, sie haben gelesen, dass die Einlagen bei der deutschen Lehman-Tochter durch den Einlagensicherungsfonds gedeckt sind, und sie wissen auch, dass das in ihrem Fall keine Rolle spielt, weil Lehman in Deutschland nur institutionelle Anleger hatte, die nun ihr Geld zurückbekommen, keine Kleinanleger - Emittent der Zertifikate, die sie gekauft haben, war das US-Mutterhaus......

....ich kenn mich ja nicht so aus bei D Banken - aber Frankfurter Sparkasse tönt doch irgendwie solide :confused:rolleyes aber da sitzen wohl einige Möchtegern-Wallstreet-Banksters :mad ob die Sparkasse jetzt weniger Boni bezahlt :grrrr

10.03.2009, 13:18
von DU - merci :) http://picayune.uclick.com/comics/po/2009/po090310.gif :rolleyes

10.03.2009, 13:33
http://www.democraticunderground.com/discuss/images/profile_small.gif (http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=131994) http://www.democraticunderground.com/discuss/images/mesg_add_buddy.gif (http://www.democraticunderground.com/discuss/duboard.php?az=add_buddy&u_id=131994) http://www.democraticunderground.com/discuss/images/mesg_add_ignore.gif (http://www.democraticunderground.com/discuss/duboard.php?az=ignore_member&iid=131994&level=three) Tue Mar-10-09 07:31 AM
Response to Original message (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3775553&mesg_id=3775553) 22. Citi has best profit performance in a year, Pandit sayshttp://www.democraticunderground.com/discuss/images/journal_updated.gif (http://journals.democraticunderground.com/Demeter) http://www.democraticunderground.com/discuss/images/transparent.gif http://www.ft.com/cms/s/0/dbb79f02-0d33-11de-8914-00007... (http://www.ft.com/cms/s/0/dbb79f02-0d33-11de-8914-0000779fd2ac.html)

Citigroup has had its best profit performance in over a year in the first two months of 2009 and has generated revenue of more than $19bn despite growing uncertainties over its future, chief executive Vikram Pandit told employees.

In a memo to Citi’s 300,000-plus global staff, Mr Pandit tried to allay fears over its share price, which is hovering around $1, and debt, reiterating that a planned capital injection by the US government and other investors would strengthen its balance sheet. The deal will turn the federal authorities into Citi’s single largest shareholder with a stake of up to 36 per cent.

Citi has suffered five consecutive quarters of multi-billion dollar losses on huge credit-related writedowns. Executives have pinned their hopes of dispelling market concerns over its survival on recording a profit in the first three months of 2009.

In the memo, Mr Pandit said: ‘We were profitable through the first two months of 2009 and are having are best quarter-to-date performance since the third quarter of 2007.”

The Citi chief added that in January and February alone – two months in which investment banks did well because of a partial thawing of credit markets – the bank generated revenues of $19bn before markdowns.

Citi executives said its investment bank, the former Salomon Brothers, had a good January and February in debt, equity and merger and acquisitions, but cautioned that markets had become tougher in March.

In a hint that constant speculation over its future might have taken at least some toll on parts of Citi’s sprawling business, Mr Pandit’s memo said Citi’s deposits were “relatively stable”. Citi executives have said they have not noticed any significant deposit flight during the company’s prolonged travails and Mr Pandit’s statement is the first suggestion that such a move, albeit small, might have occurred.

The memo also said that Citi has conducted its own “stress test”, using tougher assumptions on the scale of the economic downturn than those to be adopted by the US government and was “confident” of its capital strength.

Mr Pandit also addressed some investors’ concerns over Citi’s ability to reap the benefits of billions of dollars in deferred tax assets. The memo said that even if economic conditions deteriorated significantly, Citi would be able to take advantage of the majority of those assets, boosting its balance sheet.



10.03.2009, 13:50
International: 10. März 2009, 13:26
China bezichtigt den Dalai Lama der Lüge (http://www.nzz.ch/nachrichten/international/china_dalai_lama_1.2174382.html)

Kontroverse um Lage in Tibet (http://www.nzz.ch/nachrichten/international/china_dalai_lama_1.2174382.html)

Nach der heftigen Kritik des Dalai Lama an Chinas Umgang mit den Tibetern hat Peking dem geistlichen Oberhaupt der Tibeter die Verbreitung von Lügenpropaganda vorgeworfen. «Die Clique des Dalai Lama unterscheidet nicht das Richtige vom Falschen. Sie verbreitet Gerüchte», erklärte das Aussenministerium in Peking. (http://www.nzz.ch/nachrichten/international/china_dalai_lama_1.2174382.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/china_dalai_lama_1.2174382.html)
http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Dalai Lama: Anklage gegen China (http://www.nzz.ch/nachrichten/international/scharfe_worte_des_dalai_lama_zum_jahrestag_1.2173651.html)

....da kann man nur hoffen, dass es da einmal Gerechtigkeit geben wird - hoffen :rolleyes:( Gerechtigkeit :rolleyes:(

Rede zum Jahrestag des Aufstands vor 50 Jahren
"Tibeter leben in ständiger Furcht"

http://www.wienerzeitung.at/Images/2009/3/10/593748007.jpg Der 73-jährige Tenzin Taklha hält seine Rede zum 50. Jahrestag des Aufstands. (© APA)

Von WZ Online

http://www.wienerzeitung.at/bilder/wz2003/rainbowallgemein/wzfeld.gif Dalai Lama wirft China brutale Unterdrückung vor.
http://www.wienerzeitung.at/bilder/wz2003/rainbowallgemein/wzfeld.gif Forderung nach "echter" Autonomie.

ganzer Artikel: http://www.wienerzeitung.at/DesktopDefault.aspx?TabID=3856&Alias=WZO&cob=401696

Nächster Präsident vielleicht aus Tibet

Richard Gere hält einen tibetischen Präsidenten für China möglich und weist
auf Barack Obama als amerikanisches Vorbild hin.

http://kurier.at/mmedia/2009.03.10/1236683872_5.jpg Der bekennende Buddhist Richard Gere fordert US-Kongress auf, die Anliegen der Tibeter zu unterstützen.
Der US-Schauspieler Richard Gere hat der Volksrepublik China zum 50. Jahrestag des Tibet-Aufstandes einen Präsidenten tibetischer Herkunft gewünscht. Vor 20 Jahren habe auch niemand daran geglaubt, dass die USA von einem schwarzen Präsidenten regiert werden könnten, sagte der bekennende Buddhist am Rande einer Solidaritätsveranstaltung für die Tibeter in Washington. Aber gerade in Zeiten von Krisen änderten sich die Verhältnisse rasch....

ganzer Artikel: http://kurier.at/freizeitundgesundheit/301297.php

....schön wär's ja - allein mir fehlt der glaube.... :rolleyes

Video: Tibet - die verbotenen Bilder ---> http://video.google.com/videoplay?docid=4987613789666107464

10.03.2009, 14:10
Mon 9 Mar 2009

Who’s Bringing The Rope? (http://lolfed.com/2009/03/09/whos-bringing-the-rope/)

Posted by alyx under madoff (http://lolfed.com/category/madoff/)
No Comments (http://lolfed.com/2009/03/09/whos-bringing-the-rope/#respond)

Good news of a sort for Madoff’s investors - they will have a chance to speak at the hearing (http://www.belfasttelegraph.co.uk/breaking-news/world/north-america/ruined-investors-prepare-to-confront-madoff-14217690.html) on his plea deal:

[O]n Thursday, he is expected to enter a guilty plea in the multibillion-dollar pyramid scheme fraud, setting up a dramatic and highly unusual confrontation with the people he is accused of cheating… US District Judge Denny Chin invited victims to address the court after prosecutors submitted papers noting that crime victims had the right to be ‘reasonably heard at any public proceeding in the district court involving release, plea, sentencing, or any parole proceeding’.

Full info here (http://www.usdoj.gov/usao/nys/madoff.html). If you have standing and would like to get a spot in the queue, drop an email to usanys.madoff@usdoj.gov by 10AM Eastern on Wednesday, March 11.

.....er wird ja wohl gut abgeschirmt sein :rolleyes:mad

10.03.2009, 17:20
Posted by silverboom @ 10:28 am on March 10, 2009 http://goldtent.net/wp_gold/wp-content/uploads/2009/03/att00013.gif (http://goldtent.net/wp_gold/wp-content/uploads/2009/03/att00013.gif) :rolleyes

10.03.2009, 17:47
10 March 2009

Singapore: Three Years of 'Vicious Downturn" - Buys Gold, Loon, Renminbi and Yen - Sells Dollar and Pound (http://jessescrossroadscafe.blogspot.com/2009/03/singapore-projects-three-years-of.html)
http://1.bp.blogspot.com/_H2DePAZe2gA/SbaV6IwA-_I/AAAAAAAAIlo/CjwLKBq-fZQ/s320/GIC.png (http://1.bp.blogspot.com/_H2DePAZe2gA/SbaV6IwA-_I/AAAAAAAAIlo/CjwLKBq-fZQ/s1600-h/GIC.png)The projection that the Government of Singapore Investment Corp (GIC)has calculated for $3.8 Trillion in financial market writedowns over three years is interesting, considering we are only a third of the way there.

Remarkably, the selection for investment safety that Mr. Yeoh Lam Keong puts forward is very close to items served at the private table of Le Café Américain.

Interesting nonetheless, in particular because of their holding in Citigroup and UBS, and any insight they may have gained therein.

Reuters (http://www.reuters.com/article/usDollarRpt/idUSSIN24438120090310)
Singapore's GIC sees more distress in markets
By Kevin Lim and Saeed Azhar
Tue Mar 10, 2009 2:35am EDT

Fancies gold; to avoid dollar, sterling currencies

SINGAPORE, March 10 (Reuters) - An official from the Government of Singapore Investment Corp (GIC) said he expects more weakness in financial markets in the next 12-18 months, and recommended investors hold gold and other safe assets such as government bonds.

GIC, one of the world's largest sovereign funds with an estimated $200 billion-plus in assets, has invested aggressively in troubled global lenders, picking up multi-billion dollar stakes in Citigroup and UBS in late 2007 and early 2008.

There is "systemic capital inadequacy globally", and the world will probably see "three years of a very vicious downcycle," GIC's director of economics and strategy, Yeoh Lam Keong, told the Investment Management Association of Singapore conference on Tuesday

"This is a very destructive process for assets."

http://2.bp.blogspot.com/_H2DePAZe2gA/SbaWBEO1T-I/AAAAAAAAIlw/-Nf4h1iY3s0/s320/singapore.jpg (http://2.bp.blogspot.com/_H2DePAZe2gA/SbaWBEO1T-I/AAAAAAAAIlw/-Nf4h1iY3s0/s1600-h/singapore.jpg)Yeoh, who said he was speaking in his personal capacity, showed a slide prepared by GIC that indicated global writedowns in the financial sector could reach $3.8 trillion by 2013 and that only about 30 percent of the losses had been booked so far.

Yeoh suggested investors hold gold, sovereign bonds and currencies such as the Japanese yen, Chinese yuan and Canadian dollar.

He said he liked gold because governments were under pressure to cheapen their currencies to compensate for falling demand, and that some countries such as the United States and Britain would eventually be forced to monetise their debt by printing money.

"I would avoid these currencies like the plague," he said in reference to the dollar and sterling.

Posted by Jesse at 11:48 AM (http://jessescrossroadscafe.blogspot.com/2009/03/singapore-projects-three-years-of.html) http://www.blogger.com/img/icon18_email.gif :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8125373286529478574)

10.03.2009, 21:22
10 March 2009

Madoff is Pleading Guilty Without a Deal (http://jessescrossroadscafe.blogspot.com/2009/03/maddoff-is-pleading-guilty-without-deal.html)

http://1.bp.blogspot.com/_H2DePAZe2gA/SbbFCkAyL3I/AAAAAAAAImI/TY7UPTFU5Xg/s320/2008-12-16-OneTouchDec16200831.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/SbbFCkAyL3I/AAAAAAAAImI/TY7UPTFU5Xg/s1600-h/2008-12-16-OneTouchDec16200831.jpg) Reports are that Bernie Madoff is pleading guilty WITHOUT a deal with the prosecution?

Is there a separate deal with a third party?

He gets to live, albeit in prison, if he doesn't testify about who he worked with and where the money came from and went?

Follow the money (if you can).

According to the US government the total of the Claimed Account balances is now $64.8 Billion with $170 Billion in forfeitures.

Bernie beats the estimate of $50 Billion stolen. Rally time.

Oh and according to Bloomberg, the judge has ruled that the only victims who will be allowed to speak on Friday in court will be those who do NOT think Bernie should be sentenced to any jail time.

Do the thousands of other victims get have their say in a free speech zone in the Bronx?

Posted by Jesse at 3:48 PM (http://jessescrossroadscafe.blogspot.com/2009/03/maddoff-is-pleading-guilty-without-deal.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=8322433911743694123) :verbeug

...der tickt wohl nicht richtig :bad:gomad wenn es mal knallt muss sich niemand wundern :o

10.03.2009, 21:25
Posted by cannuckgold @ 16:11 pm on March 10, 2009 http://3.bp.blogspot.com/_oTwEGiup_Wo/SUNBlDytnzI/AAAAAAAAEFo/44wHf_bp90U/s400/Bailout_exit.png

11.03.2009, 07:55

11.03.2009, 08:52
Airtime: document.write(cnbc_video_toDateString(1236712500000)); Tues. Mar. 10 2009 | :15:0 09 ET

Credit cards could be the next shoe to drop, with Meredith Whitney, Meredith Whitney Advisory Group CEO and CNBC's Maria Bartiromo.


...buying for me is more like dating not marrying ;):cool

11.03.2009, 09:16
Moin lunar, mein SG alpha Zertifikat WTI/BRENT habe ich gestern verkauft. WTI jetzt wieder deutlich über BRENT.

11.03.2009, 09:35
@Germanasty :) ...immerhin mit Gewinn - das ist in diesen Zeiten :supi

11.03.2009, 09:38
Jon Stewart Slams Jim Cramer, Whole NBC Family (VIDEO) (http://www.huffingtonpost.com/2009/03/10/jon-stewart-slams-jim-cra_n_173738.html)

Huffington Post | Nicholas Graham | March 10, 2009 10:37 PM

http://images.huffingtonpost.com/gen/68278/thumbs/s-JON-STEWART-WRECKS-JIM-CRAMER-large.jpg :supi

After Tuesday night's "Daily Show," Jim Cramer just may be regretting his sarcastic response (http://www.huffingtonpost.com/2009/03/10/jim-cramer-defends-himsel_n_173450.html) - "A comedian's attacking me! Wow! He runs a variety show!" - to Jon Stewart's criticism.

Almost as biting as his original video montage critique of CNBC, Stewart unleashed an epic attack on Cramer and the whole NBC family for using their various networks as a platform for Cramer's rebuttal.

Stewart repeatedly showed Cramer making absurd and ridiculous noises while hosting his show, "Mad Money," highlighting the remarkable similarities between the program and a wacky variety show.......

11.03.2009, 10:30
Marc Faber: More Boom, Less Gloom and Doom

John Carney (http://www.businessinsider.com/john-carney)|Mar. 9, 2009, 1:50 PMAfter years of being famous for the Gloom & Doom part of his Gloom, Boom & Doom report, Marc Faber was sounding a different note on Bloomberg television this morning. The investor and newsletter said that all the new government spending and money creation, might not fix the economy but would cause a stock-market rally (http://www.bloomberg.com/apps/news?pid=20601087&sid=aeDRhNolpJIg&refer=home) from now to the end of April. What's more, he said that now that the S&P was off 56 percent from its high, investing in equities was likely to be profitable over the next ten years.

“Equities could rally between here and the end of April,” Faber said. “The government’s efforts will fail to boost economic activity. They can boost stocks. Stocks have adjusted meaningfully.”

Faber thinks the rally will likely be short-lived, saying that after the March to May rally, the S&P 500 could drop 27 percent to below 500 :eek But on a long-term perspective, he sounded very bullish, saying investors will make money over the next 10 years :schwitz

Hard-money investments--like gold--had climbed too far and fast, he said. He urged investing in industrial commodities instead. Faber had been something of a gold bug, advising his readers to buy gold at the start of its eight-year rally, when it traded for less than $300 an ounce. Yesterday gold traded at $932.78 an ounce.


11.03.2009, 10:51
http://www.spiegel.de/img/0,1020,1460388,00.jpg (http://www.spiegel.de/panorama/justiz/0,1518,612556,00.html) Blutbad: Viele Tote bei Amoklauf in Alabama (http://www.spiegel.de/panorama/justiz/0,1518,612556,00.html)

Er schoss auf alles, was sich bewegte: Beim Amoklauf eines Mannes im US-Bundesstaat Alabama sind mindestens zehn Menschen getötet worden - darunter der Täter selbst. Er richtete in zwei Orten ein Blutbad an, sein Motiv ist noch unklar. mehr... (http://www.spiegel.de/panorama/justiz/0,1518,612556,00.html) [ Video (http://www.spiegel.de/video/video-55380.html) ]


Amoklauf in Schule in Baden-Württemberg (http://www.spiegel.de/panorama/justiz/0,1518,612606,00.html)

In einer Realschule im baden-württembergischen Winnenden bei Stuttgart hat es nach Polizeiangaben einen Amoklauf gegeben. Laut Polizei gab es mindestens einen Toten und mehrere Verletzte - der Täter soll in die Innenstadt geflohen sein. mehr... (http://www.spiegel.de/panorama/justiz/0,1518,612606,00.html)



11.03.2009, 12:12
Der Jahrhundert-Fehler
Von Michael Mross Sonntag, 8. März 2009

DER SPIEGEL und die Finanzkrise: "Der Jahrhundert-Fehler" titelt das Massenblatt. "Wie die Pleite einer einzigen Bank die Weltkrise auslöste".-
MMnews urteilt: Der Jahrhundert-Fehler - Massenmedien über die Ursachen der Finanzkrise. Zugegeben: Die Masse wird oft für dumm verkauft. Oder ist sie dumm? Das bleibt der Analyse des Betrachters überlassen. Aber dumme Massen brauchen offenbar einfache Lösungen. Und im Falle der Finanzkrise schreitet der Spiegel voran in Sachen Desinformation.

Schon der Titel assoziiert, dass diese Krise eigentlich einfach in den Griff zu kriegen gewesen sei. Die Welt hat nur einen Fehler gemacht: Man hat Lehman Brothers pleite gehen lassen.

Soso, ohne Lehman also keine Finanzkrise. Das begreift jeder. Ist schlüssig.

Kein Wort natürlich in dem Wochenzirkular über die wirklichen Ursachen der Finanzkrise. Keine Betrachtung des Geldsystems. Kein Wort zum Zinseszinseffekt. Und natürlich auch nur oberflächliche Analyse über die wirklichen Ursachen der Lehman-Pleite.

Dass die FED dieses Zockerhaus samt iheren Hunderten Milliarden hat untergehen lassen, hatte seinen Grund einzig darin, dass die Leidtragenden dieser Pleite zum größten Teil ausserhalb der USA sind, vornehmlich in Europa. Europa musste die Zeche zahlen......


ganzer Artikel: http://www.mmnews.de/index.php/200903082457/MM-News/Der-Jahrhundert-Fehler.html

...hmmmm :schwitz diese Vermutung wurde ja ziemlich schnell ausgesprochen - es müsste sich doch irgendwie beweisen/oder was ähnliches lassen :gruebel obwohl es nützt zwar nix aber es würde vielleicht den Ami-Kriechern (damit meine ich Politiker & Co.) etwas die Augen öffnen

11.03.2009, 14:22
...sie hält sich ja wacker - musste trotzdem lachen über diesen Kommentar: They seem to have gone a little heavy with the airbrushing. Where did her belly button go? ;):D

Why Claudia Schiffer is still a slip of a covergirl at 38

By Paul Revoir (http://www.dailymail.co.uk/home/search.html?s=y&authornamef=Paul+Revoir)
Last updated at 9:00 AM on 09th March 2009

Comments (37) (http://www.dailymail.co.uk/tvshowbiz/article-1160512/Why-Claudia-Schiffer-slip-covergirl-38.html#comments)
Add to My Stories (http://www.dailymail.co.uk/tvshowbiz/article-1160512/Why-Claudia-Schiffer-slip-covergirl-38.html)
As she took her modelling test shots, all those years ago, Claudia Schiffer was convinced she'd be sent home without a job.

The teenager didn't consider herself pretty - and was sure the photographs would prove it.

http://i.dailymail.co.uk/i/pix/2009/03/09/article-1160512-03CA8060000005DC-555_468x679.jpg Fine form: Claudia Schiffer shows off her enviably slim figure in Vogue

Claudia says she would never consider Botox, and is comfortable with her body and age

Instead, time has proven her very, very wrong.
At 38, the willowy beauty is still able to claim the front cover of Vogue.

Miss Schiffer, who lives in West London with her film producer husband Matthew Vaughn, posed for the latest edition of the magazine.....

11.03.2009, 16:20
11 March 2009

Mr. Pot Calling Mr. Kettle. Mr. Pot Calling Mr. Kettle. (http://jessescrossroadscafe.blogspot.com/2009/03/note-to-steve.html)

http://1.bp.blogspot.com/_H2DePAZe2gA/SbfH4-g0dPI/AAAAAAAAImQ/sui-Rr2MDZM/s320/StephenSchwarzman.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/SbfH4-g0dPI/AAAAAAAAImQ/sui-Rr2MDZM/s1600-h/StephenSchwarzman.jpg) Steve Schwarzman of the Blackstone group blames the Ratings Agencies for the crisis and the historic 'loss of wealth' throughout the world.

Note to Steve. It was not real wealth.

It was a bubble that was created starting in 1996 when Alan Greenspan changed his stance to the markets shortly after a visit from Mr. Rubin. This was shortly after his famous 'irrational exuberance' speech. We can only wonder what was said at that meeting.

Real wealth has substance. It is created by savings and hard work, and is only destroyed by real world events like natural disasters and wars, and of course theft.

The destruction of the real wealth was in the bubble when the middle class was systematically destroyed. This is just the settling of accounts. What we are seeing now is the paint peeling off the rotten economy which the financiers created for their personal benefit.

The ratings agencies and the regulators and the Fed and the media and the Presidency failed in their duties and responsibilities. They failed because they were corrupted. They were enthralled in a deep capture within a climate of fraud and market manipulation. They succumbed to temptation and became participants. And now they are afraid and ashamed of what they have done.

But they were the pawns, the tools. The primary actors are still in place and are still doing their worst for America.

Until the Wall Street banks are restrained, until real reform is accomplished, there will be no recovery, and the corruption will continue to taint all who come near it. It is already having its way with the new 'reform' administration.

http://2.bp.blogspot.com/_H2DePAZe2gA/SbfMimIOcRI/AAAAAAAAImg/lGfDHhfFMWk/s200/-tutorial-02.JPG (http://2.bp.blogspot.com/_H2DePAZe2gA/SbfMimIOcRI/AAAAAAAAImg/lGfDHhfFMWk/s1600-h/-tutorial-02.JPG) Blackstone CEO: As much as 45% of global wealth is gone
CFA Institute Financial NewsBrief

Describing the event as "absolutely unprecedented in our lifetime," Stephen Schwarzman, CEO of Blackstone Group, said the credit meltdown has wiped out between 40% and 45% of the world's wealth.

He said credit-rating agencies are partly to blame for the crisis. "What's pretty clear is that if you were looking for one culprit out of the many, many, many culprits, you have to point your finger at the rating agencies," Schwarzman said. Reuters (10 Mar.)

Posted by Jesse at 10:00 AM (http://jessescrossroadscafe.blogspot.com/2009/03/note-to-steve.html) http://www.blogger.com/img/icon18_email.gif :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2682128630438788890)

11.03.2009, 19:32
Posted by Ororeef @ 14:19 pm on March 11, 2009http://4.bp.blogspot.com/_H2DePAZe2gA/SbfKxmVEQmI/AAAAAAAAImY/gw9ELgpiFII/s200/Greenie1.JPG (http://4.bp.blogspot.com/_H2DePAZe2gA/SbfKxmVEQmI/AAAAAAAAImY/gw9ELgpiFII/s1600-h/Greenie1.JPG)According to the US government the total of the Claimed Account balances is now $64.8 Billion with $170 Billion in forfeitures.

Bernie beats the estimate of $50 Billion stolen. Rally time.

11.03.2009, 19:42
...von DU - merci :) http://picayune.uclick.com/comics/tmssa/2009/tmssa090309.gif :schwitz:hihi obwohl ist ja nicht zum lachen :rolleyes

11.03.2009, 20:22
[JPM (http://www.marketwatch.com/quotes/jpm)] J.P. Morgan CEO Dimon says signs of improvement in economy
1:44 PM ET, Mar 11, 2009

...er hält eben eine lange Rede vor dem U.S. Chamber of Commerce ...er ist mir zwar gar nicht geheuer und sicher einer der grössten Bankster - aber er wirkt irgendwie überzeugender als die andern Finanz-Heinis :rolleyes

Zum Original-Beitrag (http://showthread.php3?p=1225896#post1225896)
Dimon: No Silver Bullet


Wed. Mar. 11 2009 | :17:0 09 ET

JPMorgan CEO Jamie Dimon says that this financial crisis is one of the most serious the world has seen and folks looking for a silver bullet solution will be disappointed.

11.03.2009, 21:27
...hab mich wohl täuschen lassen vom smarten Auftreten :rolleyes:mad

Wed 11 Mar 2009

Jamie Dimon: I Can Haz Less Vilification? (http://lolfed.com/2009/03/11/jamie-dimon-i-can-haz-less-vilification/)

Posted by alyx under all ur bankz (http://lolfed.com/category/all-ur-bankz/)http://lolfed.com/wp-content/uploads/emo-jamie-dimon.jpg

HuffPo picks up on a Bloomberg article (http://www.huffingtonpost.com/2009/03/11/jamie-dimon-rescuing-bank_n_174012.html) where JPMorgan’s CEO Jamie Dimon sounds uncharacteristically like he needs a boo-boo blankie:Jamie Dimon, chief executive officer of JPMorgan Chase & Co., said the U.S. can rescue its banking system by year-end if U.S. officials start cooperating and refrain from the “vilification” of corporate America.

“If we act like a dysfunctional family and we don’t finish these things and we’re forever debating them, I think this will go on for several years,” Dimon, 52, said at a conference hosted by the U.S. Chamber of Commerce in Washington. “It’s completely up to us at this point.”

Further (http://www.bloomberg.com/apps/news?pid=20601087&sid=a3xPFlNxi7i4&refer=home):“When I hear the constant vilification of corporate America, I personally don’t understand it,” Dimon said in his speech. “I would ask a lot of our folks in government to stop doing it because I think it’s hurting our country.”

Sounds way too much like those Ashton Kutcher quotes I posted earlier for my taste, and sounds absolutely nothing like anything you would have ever heard out of the mouth of JP Morgan himself, who would have had something more along the lines of two middle fingers for the haters.


JPMorgan's Jamie Dimon Not Worried About A Depression (http://www.huffingtonpost.com/2008/12/11/jpmorgans-jamie-dimon-not_n_150361.html)

December 11, 2008 04:33 PM

http://images.huffingtonpost.com/gen/53259/thumbs/s-BURNETT-DIMON-large.jpg ---> http://www.huffingtonpost.com/2008/12/11/jpmorgans-jamie-dimon-not_n_150361.html

CNBC's Erin Burnett sat down for an exclusive interview with JPMorgan Chase CEO Jamie Dimon today, talking about a range of topics related to the financial crisis. Dimon seemed weary of answering questions -- particularly on TV, as he noted at one point -- but Burnett coaxed some interesting pieces of information out of Dimon.

For example, Dimon explains that while some are frustrated with banks that aren't using TARP money to lend, lend, lend, he and others in the financial industry have learned recently that there are some loans that shouldn't be made.

11.03.2009, 21:37
http://images.huffingtonpost.com/gen/43313/thumbs/s-GREENSPAN-large.jpg.:kopf (http://online.wsj.com/article/SB123672965066989281.html)
Greenspan: The Fed Didn't Cause The Housing Bubble (http://online.wsj.com/article/SB123672965066989281.html)

Quick Read (http://www.huffingtonpost.com/2009/03/10/alan-greenspan-the-fed-di_n_173741.html) |
Comments (372) (http://www.huffingtonpost.com/2009/03/10/alan-greenspan-the-fed-di_n_173741.html)
..einer davon: Perhaps Mr. Greenspan can join with Mr. Bush for an Official "Why-I'm-Not-Responsible-For-Putting-Us-in-the-Crapper" tour. Guest speakers could include "Darth" Cheney, Larry "The Greatest Story Never Told" Kudlow, and Dick "At Least I Pay My Women" Morris. If they charged $5,000,000 apiece for tickets for Mr. Bush's "base," it might be enough to cover their expenses.

12.03.2009, 09:14
Donnerstag, 12. März 2009
Aber Bankgeheimnis bleibtLiechtenstein kooperiert

Liechtenstein hat sich zur internationalen Zusammenarbeit in Steuerfragen bereit erklärt. Die liechtensteinische Regierung akzeptiere die Standards der Organisation für wirtschaftliche Zusammenarbeit und Entwicklung (OECD) für Transparenz und Informationsaustausch in Steuerfragen, erklärte das Fürstentum. Die internationalen Maßnahmen gegen die Nichteinhaltung von Steuergesetzen würden unterstützt. "Liechtenstein bietet interessierten Staaten Verhandlungen für bilaterale Abkommen zur Zusammenarbeit bei Steuerbetrug und -hinterziehung an", hieß es in der Mitteilung......

Am Bankgeheimnis will das Fürstentum festhalten.

Weiterführende Artikel
http://www.n-tv.de/s/symbole/weiterf_Links.gif (http://www.n-tv.de/1108522.html) Kampf gegen Steueroasen
OECD prüft "Schwarze Liste" (http://www.n-tv.de/1108522.html)

..... Das Fürstentum Liechtenstein geht im internationalen Steuerstreit in die Offensive: Die Regierung bietet interessierten Staaten Abkommen über die Zusammenarbeit bei Steuerbetrug und -hinterziehung an. Am Bankgeheimnis will sie aber festhalten.

ganzer Artikel: http://www.n-tv.de/1118752.html

...die Quadratur des Kreises :rolleyes

12.03.2009, 09:36
Wed 11 Mar 2009

Bank Fail, The Movie (http://lolfed.com/2009/03/11/bank-fail-the-movie/)

Posted by alyx under links (http://lolfed.com/category/links/)
1 Comment (http://lolfed.com/2009/03/11/bank-fail-the-movie/#comments)

60 Minutes tags along when the FDIC seizes a bank. Long video (13:19) — grab a beer and some popcorn if you’re at home.

The above isn’t funny, but is consistent with our “fail” theme.


Porlock Junior Says:
March 12th, 2009 at 1:22 am (http://lolfed.com/2009/03/11/bank-fail-the-movie/#comment-2496) A most interesting segment. Lots and lots of stuff for the wingnuts to hold up and scream about storm troopers walking into your bank and taking it over. A good presentation of what bullshit that is.

Also, the very first thing I’ve seen in the media that hints at the fact that the poor victims of IndyMac were acting like idiots in queueing up and trying to get their money Now, before it runs out. I.e., before the United States runs out of money.

Not blaming the victims of bad education and all; blaming the press. Clearly the FDIC understands the need to get the point across. How long till Sheila Bair gets recognized as the only high official who comes out of this smelling good?

12.03.2009, 09:56
Economy deals billionaires staggering losses: Forbes

Hundreds fall off rich list

Megan O’Toole, National Post Published: Wednesday, March 11, 2009

The world's three richest people shed a combined US$68-billion last year -- a staggering series of losses that top Canada's predicted budget deficit over the next two years.....

....."This year is the first time we have seen a net loss in the number of billionaires since 2003, [and] the declines hit 87% of our 793 billionaires," said Tatiana Serafin, co-editor of the Forbes list, pointing to declines in every region and sector around the world. "No country was spared from the global recession, which speaks to how interconnected markets have become."

The average billionaire is now worth $3-billion, almost $1-billion lower than in 2008...... (oh die Ärmsten :streichel)

.....Americans once again dominated the super-rich, securing half of the top 20 spots. Only one of those 20, New York City Mayor Michael Bloomberg, saw a rise in his net worth since last year. (...und ausgerechnet er kürzt seine Bloomberg-TV :rolleyes:()

full story: http://www.nationalpost.com/news/story.html?id=1379082


Superreiche der Welt verlieren ein Viertel ihres Vermögens (http://www.spiegel.de/wirtschaft/0,1518,612809,00.html)

Die Krise erwischt sie nicht so hart wie den Rest der Welt - aber auch die Superreichen verlieren enorm an Vermögen. Die neue "Forbes"-Liste der globalen Milliardäre ist um ein Drittel kürzer, und wer darauf steht, ist heute im Schnitt um ein Viertel ärmer als vor einem Jahr. Auf Platz eins: Bill Gates. mehr... (http://www.spiegel.de/wirtschaft/0,1518,612809,00.html)

Platz 6: Karl Albrecht, einer der Aldi-Brüder, wird von "Forbes" auf 21,5 Milliarden Dollar taxiert. Von ihm gibt es fast keine Fotos. :rolleyes

Platz 9: Sein Bruder Theo Albrecht, hier im Bild im Jahr 1971, steht der Schätzung zufolge bei 18,8 Milliarden Dollar. :rolleyes

http://www.spiegel.de/static/sys/v8/backgrounds/bg_list_quarter.gifFotostrecke: Die Reichsten der Reichen (http://www.spiegel.de/fotostrecke/fotostrecke-40558.html)

12.03.2009, 10:10
:thanx Zockerzicki (http://www.hall-of-finance.de/forum/member.php?u=469) http://www.hall-of-finance.de/forum/customavatars/avatar469_3.gif

Um den Monat März ranken sich Mythen und Sagen. Seit den „Iden des März“ werden von ihm umwälzende Veränderungen erwartet ...


Hüte dich vor den Iden des März, oder hätte ich doch auf meine Frau gehört…..

Für die Iden des März, den 15. März 44 vor Christus, war die Senatssitzung angesagt worden, in der die Verschwörer den allmächtigen Diktator C. Iulius Caesar erledigen wollten.

Später berichtete man von allerlei Vorzeichen, die dieses Unheil ankündigten: Feuer am Himmel, Donner, den man weithin durch die Nacht hören konnte, eine alte eherne Tafel, die in einem alten Grab gefunden wurde und die die baldige Ermordung eines Nachkommen des Iulus, eines Ahnherrn der Römer, mit einer anschließenden Katastrophe Italiens ankündigte, ein Opfertier ohne Herz, , das Caesar opferte...

Aber das alles konnte einen siegesgewohnten und erfolgreichen Politiker wie Caesar nicht erschüttern. Erst, was er selbst und seine Frau Calpurnia in der Nacht vor den Iden des März träumten, stimmte den Imperator nachdenklich, wie der Biograph Sueton berichtete.

In seinem eigenen Traum sah sich Caesar selbst über Wolken schweben und Jupiter, dem höchsten der römischen Götter, die rechte Hand reichen.
Caesars Ehefrau Calpurnia soll einen fürchterlichen Alptraum gehabt haben, der im Einsturz des Giebels ihres Hauses gipfelte. Dort war auf Senatsbeschluss ein Firstschmuck zu sehen, der auf die Bedeutung und Würde des Mannes hinwies, der unter diesem Dach wohnte. Auch öffneten sich plötzlich von selbst die Türen ihres Schlafzimmers.

Der Höhepunkt des Alptraumes war allerdings, dass Calpurnia ihren erdolchten Mann Caesar in ihren Armen hielt. Geschockt von diesem Alptraum und voller Furcht bat Calpurnia Caesar inständig an den Iden des März der Senatssitzung fernzubleiben oder sich wenigstens von einem Opferbeschauer Rat einholen.

Der Schriftsteller Plutarch berichtet, dass Caesar veranlasst durch das Verhalten seiner Frau, die er noch nie so erregt und furchtsam erlebt hatte, Opferbeschauer aufsuchte. Und da diese Zeichen unglücklicher Vorbedeutung sahen, wollte er die Senatssitzung absagen lassen.
Brutus, einer der Verschwörer, sah das lange geplante Vorhaben an einem Alptraum einer Frau scheitern und appellierte an den Mann in Caesar. Brutus spottete, dass Caesar sich von abergläubischen Vorstellungen beeinflussen lasse.

Auf dieses taktisch geschickt angelegte Vorgehen reagierte Caesar wie erwartet. Der Meister der Manipulation ließ sich manipulieren. Er verließ das Haus und begab sich in den Senat. Unterwegs erhielt er noch eine Schriftrolle, in der genaue Details über die Verschwörung zu lesen waren. Doch zum Lesen kam er nicht mehr. Der letzte, der ihn vor dem Senat lebend gesehen hatte, war der Seher Spurinna, der Caesar vor den Iden des März gewarnt hatte. Caesar erblickte Spurinna, ging auf ihn zu und sagte abfällig: „Die Iden des März sind da!“ Spurinna antwortete: „ Da sind sie, aber noch nicht vorüber!“

Wer Lust auf das lateinische Original hat:
„ Spurinnamque irridens et ut falsum arguens, quod sine ulla sua noxa Idus Martiae adessent: quamquam is venisse quidem eas diceret, sed non praeterisse.“ (Sueton, Divus Iulius 81)

12.03.2009, 10:29
Woman in the iron mask and Cruella de catwalk star in Alexander McQueen's surrealist Paris show

By Laura Craik (http://www.dailymail.co.uk/home/search.html?s=y&authornamef=Laura+Craik)
Last updated at 12:36 PM on 11th March 2009

Comments (29) (http://www.dailymail.co.uk/femail/article-1161149/Woman-iron-mask-Cruella-catwalk-star-Alexander-McQueens-surrealist-Paris-show.html#comments)
Add to My Stories (http://www.dailymail.co.uk/femail/article-1161149/Woman-iron-mask-Cruella-catwalk-star-Alexander-McQueens-surrealist-Paris-show.html)
It was a defining moment - or rather, a series of defining moments.

Alexander McQueen's triumphant Paris show served up a selection of his greatest hits, looking back into his own archive and casting a fresh light on past glories.

What glories they were, serving as a timely reminder of just how influential a designer he is.....

full story: http://www.dailymail.co.uk/femail/article-1161149/Woman-iron-mask-Cruella-catwalk-star-Alexander-McQueens-surrealist-Paris-show.html

:schwitz....sieht aus wie ein all-around-Keuschheitsgürtel :rolleyes und der/die andere - ist das Michael Jackson :confused;)

12.03.2009, 10:35
ooops - den Regenschirm vergessen :o und die Baby-Wiege auch dabei :schwitz

12.03.2009, 10:57
12. März 2009, Neue Zürcher Zeitung
Der Druck auf die Ressource Wasser wächst

Neue globale Bestandesaufnahme der Uno
http://www.nzz.ch/images/wassermangel_lead_1.2185933.1236847908.jpg (http://javascript%3Cb%3E%3C/b%3E:showPopup%28%27popup-zoom0%27%29)http://www.nzz.ch/static-images/popup-open.gif (http://javascript%3Cb%3E%3C/b%3E:showPopup%28%27popup-zoom0%27%29)
Ein chinesischer Bauer aus der Provinz Jiangxi schöpft Wasser aus einem ausgetrocknetem Reservoir. (Bild: Reuters)

In den letzten Jahren hat sich die Trinkwasserversorgung global verbessert, wie einem neuen Bericht der Uno zu entnehmen ist. Doch der Druck auf die Ressource Wasser wächst. Eine wichtige Rolle spielen dabei Bevölkerungswachstum und veränderte Lebensstandards.

H. W. In Zeiten der weltweiten Finanzkrise geraten andere Krisen – der Energie, der Nahrung und des Wassers – leicht in Vergessenheit. Doch für die wirtschaftliche Entwicklung sind sie mindestens ebenso wichtig wie Konjunkturprogramme und Regulierungsbemühungen. Dies will die Uno den obersten Entscheidungsträgern in Erinnerung rufen, bevor nächsten Montag in Istanbul das fünfte Weltwasserforum beginnt. Sie präsentiert deshalb am Donnerstag in New York den neuen Weltwasser-Entwicklungsbericht, an dem 26 Uno-Agenturen mitgearbeitet haben...

.....In ihrer neusten Bestandesaufnahme aller Infrastrukturen der USA hat die American Society of Civil Engineers dem Bereich Trink- und Abwasser vor kurzem die schlechteste Note erteilt. (...also da könnte doch Obama Hand anlegen :o) Um alle maroden Teile zu ersetzen, seien jährlich mindestens 11 Milliarden Dollar nötig......

ganzer Artikel: http://www.nzz.ch/nachrichten/international/der_druck_auf_die_ressource_wasser_waechst_1.2184832.html

12.03.2009, 11:59
von DO - merci :) http://img.photobucket.com/albums/v232/revesta/rf-3-12-09.gif

12.03.2009, 12:54
...eigentlich hängt einem das Thema langam zum Hals raus :rolleyes aber es ist schon unglaublich wer sich (noch) alles am Topf der UBS bedient :mad

Ospel: Der Mann mit dem goldenen Schirm
Aktualisiert am 12.03.2009

Nicht nur die heutigen und gestrigen Chefs erhielten im letzten Jahr Leistungen von der UBS. Sondern auch ehemalige Spitzenkräfte, die seit 10 Jahren nicht mehr im Amt sind......

....Zu den Kassierern zählten nicht nur die Neuen, sondern auch vorgestrige Herren. Sieben Vorgestrige erhielten für 2008 Sachleistungen von total 1,1 Millionen Franken und für 2007 von total 1,4 Millionen. Zu den Profiteuren zählen zum Beispiel Robert Studer (Präsident der alten Bankgesellschaft bis 1998) und Georges Blum (Präsident des alten Bankvereins bis 1998). Der ehemalige Vizepräsident des Verwaltungsrats, Alberto Togni (im Verwaltungsrat bis 2005) ist mit je 318'000 Franken für 2007 und 2008 sogar noch auf der offiziellen Lohnliste der Bank.....
ganzer Artikel: http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Ospel-Der-Mann-mit-dem-goldenen-Schirm/story/12330387

12.03.2009, 13:05
...alle wissen/wussten es - alle ignorieren es :confused:rolleyes:mad

Stock Market Manipulation - Jim Cramer


...but you do it anyway because the SEC doesn't understand it :mad

Jim Cramer Shorting Stocks, Manipulating Markets, Saying The SEC Doesn't Understand (http://www.huffingtonpost.com/2009/03/11/jim-cramer-shorting-stock_n_173824.html)

Huffington Post | Julie Satow | March 11, 2009 08:24 AM

....In light of the current economic crisis, and with the hullabaloo (http://www.huffingtonpost.com/2009/03/10/jon-stewart-slams-jim-cra_n_173738.html)ignited recently by Jon Stewart over the accuracy of CNBC's reporting, we thought it might be useful to revisit this shocking 2006 interview (http://www.youtube.com/watch?v=ZWVmlxhk-tU) Jim Cramer gave to TheStreet.com's Aaron Task. In it, the host of Mad Money (http://www.cnbc.com/id/29615944/)says he regularly manipulated the market when he ran his hedge fund. He calls it "a fun game, and it's a lucrative game." He suggests all hedge fund managers do the same. "No one else in the world would ever admit that, but I could care. I am not going to say it on TV," he quips in the video....

12.03.2009, 15:52
RECKONING DAY (http://www.huffingtonpost.com/2009/03/12/madoff-arrives-in-court-f_n_174194.html)


Madoff enters a Manhattan court to make his guilty plea as his victims wait for him outside and in the court.

WATCH LIVE: THE SCENE OUTSIDE THE COURTHOUSE (http://www.msnbc.msn.com/id/21134540/vp/22887506#22887506)

Madoff Pleads Guilty To All 11 Charges: Fraud, Perjury, And Theft From An Employee Benefit Plan And Two Counts Of International Money Laundering... Duped Investors Fill Court … Could Get 150 Years In Jail... Madoff To Judge: Can I Have Some Water?... (http://www.huffingtonpost.com/2009/03/12/madoff-arrives-in-court-f_n_174194.html) Judge: "Try To Keep Your Voice Up So That I Can Hear You, Please"... Victims To Speak About Whether Judge Should Accept The Guilty Plea... Whether Madoff Should Still Be Out On $10 Million Bail (http://www.nytimes.com/2009/03/13/business/13madoff.html?hp)

12.03.2009, 17:34
Thu 12 Mar 2009

Freddie Mac, Broken Record Edition (http://lolfed.com/2009/03/12/freddie-mac-broken-record-edition/)

Posted by alyx under fail (http://lolfed.com/category/fail/)


Freddie Mac loses $23.9 billion in Q4 2008, bringing its total 2008 loss to $50.1 billion. Net result of all this: begging another $30.8 bil from Treasury’s trough this month. Many happy returns, Fred.

Not surprisingly, CEO David Moffett is bailing. The poor fool - I mean, interim successor - picked to replace him is John Koskinen, who has many accomplishments on his resume, including President of the US Soccer Foundation from ‘04-’08. I look foward to the first press conference where he comes out and announces that his GOOOOOOOOOOOOOOOOOOAL is to ask for less money from the Treasury next quarter, and/or throws a red card at some jerky reporter who dares question FRE’s future viability.

.....da dürften gerne noch einige ins Gefängnis :mad

12.03.2009, 18:31
BYE BYE BERNIE (http://www.businessinsider.com/bernies-cell-2009-3)

http://static.10gen.com/businessinsider/%7E%7E/f?id=49b928894b5437cd00477f30&maxX=400&maxY=400 (http://www.businessinsider.com/bernies-cell-2009-3) Nicholas Carlson (http://www.businessinsider.com/nicholas-carlson)
Here's where Bernie Madoff sleeps tonight.

Read » (http://www.businessinsider.com/bernies-cell-2009-3)

...nicht, dass ich Mitleid hätte - aber (Schaden)Freude auch nicht....die Vorstellung den Rest des Lebens so zu verbringen :( :farrer

12.03.2009, 21:46
..ist im Gold-Thread auch schon drin - aber ich finde es spannend :cool

Hourly Action In Gold From Trader Dan (http://jsmineset.com/index.php/2009/03/12/hourly-action-in-gold-from-trader-dan-84/)

Posted: Mar 12 2009 By: Dan Norcini Post Edited: March 12, 2009 at 2:46 pm
Filed under: Trader Dan Norcini (http://jsmineset.com/index.php/category/traderdannorcini/)

Dear CIGAs,

The big stunner of today was massive intervention by the Swiss National Bank into the Forex markets which absolutely obliterated the Franc. They caught everyone flatfooted and achieved maximum shock value. I had to double check my price quotes and the charts to make sure that they were correct as the currency simply evaporated… The last time the SNB had intervened in these markets was all the way back to 1995 or 14 years ago.

The Swiss cut their 3 month Libor target by 25 basis points but they also stepped into the bond market and purchased substantial amounts of Swiss franc bonds. That in combination with them buying large amounts of foreign currency is in my view what shoved gold up so sharply today. The strategy of the Swiss is pretty clear – undercut their own currency to remain export competitive especially against the Euro and the US Dollar and provide substantial amounts of liquidity in the process. While I have not yet had a chance to calculate the gold price in terms of the Swiss Franc, there is no doubt whatsoever that it shot sharply higher today. After all, it is evident that the Swiss have decided to play the “beggar thy neighbor” policy in terms of the foreign exchange arena. All of this serves to remind investors why it is an imperative in today’s environment to own gold – after all, if your Central Bank is determined to debauch your native currency, you have to protect yourself. It is that simple!

I can well remember when the Swissie was once the “go-to” currency when it came to a safe haven during times of economic or geo-political crisis. Obviously that is no longer the case. My how times have changed! It is going to be interesting now to watch the contest between the SNB and the speculators to see how the game is played out. Will the specs leave them alone or will they play the cat and mouse game and bid it back up to see what kind of reaction they get from the Swiss monetary authorities.

I find the move by the Swiss particularly interesting in light of the following story carried by Reuters –

Click here to view the story… (http://www.reuters.com/article/rbssEnergyNews/idUSL312427120090312?feedType=RSS&feedName=rbssEnergyNews&rpc=22) *

Note – the Obama’s “tax everything that moves until you kill it” policies coupled with his smash-mouthing of energy companies is indeed having the effect that so many have warned – they are chasing US Corporations out of the US and with that will go many high quality, high paying jobs. :rolleyes.......

Click here to view the story… (http://www.reuters.com/article/rbssEnergyNews/idUSL312427120090312?feedType=RSS&feedName=rbssEnergyNews&rpc=22) *

RPT-FEATURE-Corporate oil booms in low-tax Switzerland

Thu Mar 12, 2009 9:04am EDT

* Companies seek Swiss domiciles despite tax row
* U.S. political climate may be helping
* Appeal as corporate location may outlast offshore dispute

By Sam Cage

ZUG, Switzerland, March 12 (Reuters) - The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom.

Yet a wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama (http://www.reuters.com/news/globalcoverage/barackobama)'s tax-seeking administration.

In a country with scant crude oil production of its own, the virtual energy boom has changed the canton or state of Zug, about 30 minutes' drive from Zurich, beyond all recognition. Its economy was based on farming until it slashed tax rates to attract commerce after World War Two.

It still has a chocolate-box old town with views over a lake to the high Alps, but is now surrounded by gleaming corporate offices -- including commodity trader Glencore and oil refiner Petroplus -- shopping malls and housing developments.

Local authorities say about 13 percent of full-time jobs in Zug canton are in the raw materials sector......:eek

......"One trend that we see is that particularly Bermuda-based companies are now moving to Switzerland," said Martin Frey, a partner at law company Baker & McKenzie. "That may only partly be obviously for tax reasons, but also for security reasons and the fact that the Obama administration may go after them."..... (....so war es wohl von Obama nicht gemeint :rolleyes:D)

......Baker & McKenzie's Frey thinks more companies will shift to Switzerland, and Zug's Jud also highlighted the country's neutrality and reliability as an attraction to energy companies who do business in less stable countries. Continued... (http://javascript%3cb%3e%3c/b%3E:goToPage%283%29;)

....na ja - irgendwie wird sicher alles unternommen um uns ans Bein zu pinkeln :rolleyes aber je mehr Firmen hier sind mit Arbeitsplätzen und allem drum und dran, desto schwieriger wird es werden....schliesslich brauchen sie diese Unternehmen auch für ihre eigene Wirschaft - so hoffe ich zumindest :o
nur Freunde macht man sich natürlich nicht :rolleyes aber damit müssen ja viele leben :o;)


12.03.2009, 21:59
Good News Day For The Dow: Gains Nearly 240 Points (http://www.huffingtonpost.com/2009/03/12/stocks-mixed-after-jobles_n_174242.html)

http://images.huffingtonpost.com/gen/68680/thumbs/s-DOW-large.jpg (http://www.huffingtonpost.com/2009/03/12/stocks-mixed-after-jobles_n_174242.html)

Quick Read (http://www.huffingtonpost.com/2009/03/12/stocks-mixed-after-jobles_n_174242.html) |
Comments (36) (http://www.huffingtonpost.com/2009/03/12/stocks-mixed-after-jobles_n_174242.html)

12.03.2009, 22:19
March 12, 2009

Forbes entry of Joaquin 'El Chapo' Guzman proves that crime does pay

Joaquin Guzman has been on the run for eight years

Nico Hines

The full list (http://www.forbes.com/2009/03/11/worlds-richest-people-billionaires-2009-billionaires_land.html)

The global credit crisis may have cost the world’s richest men billions of pounds but one industry seems virtually recession-proof. Mexico’s most wanted drug baron has leapt on to the annual Forbes rich list after a bumper year of cocaine trafficking.

Joaquin “El Chapo” Guzman, who is thought to be responsible for thousands of murders, made his debut on the authoritative list with an estimated personal fortune of $1 billion. :gomad

Guzman is nicknamed The Dwarf because he is just 5ft tall but he is one of the most feared men in Mexico. His Sinaloa cartel is involved in a vicious drug war that has killed around 7,000 people since the start of last year....

full story: http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5895921.ece


13.03.2009, 09:32
Jon Stewart Jim Cramer Interview


14. März ...war wohl zu aufschlussreich, dass man es von youtube genommen hat :rolleyes

unter diesem link kann man es ansehen:

...na es wird etwas sehr breitgetreten - aber wenn man bedenkt wie sehr CNBC verfolgt wird :rolleyes wobei dieses Video sehr aufschlussreich ist :cool
....ich hab CNBC auch oft laufen - meistens ohne Ton - die Zahlen und breaking news sind sehr aktuell :rolleyes;) jetzt auch öfters Bloomberg da neu direkt übernommen wird :supi

.....hier noch der schriftliche Kommentar dazu :)

Thu 12 Mar 2009

This Would’ve Been 1000x More Entertaining As A Cage Match (http://lolfed.com/2009/03/12/this-wouldve-been-1000x-more-entertaining-as-a-cage-match/)

Posted by alyx under cnbc (http://lolfed.com/category/cnbc/)


Immediately after the Daily Show interview, I posted this to Twitter: “Cramer v. Stewart: guess Cramer is the scapegoat for fact that “news” is now entertainment. CNBC wasn’t created to keep WallSt in line.” (Apologies for the fail grammar and punctuation. It’s Twitter.)

This wasn’t an interview. It was Jon Stewart reading Cramer the riot act, which is great if you want to see Cramer being read the riot act (and I know many of you do - I’m gonna leave ripping Cramer a new one up to Jason if he wants to do it, ‘cuz he’d do a better job than I would). Cramer really was passive, like to the point where you wonder if someone told him just to go out there and take shit, and Stewart was happy to festoon him with all of the network’s perceived fail.

Stewart seems to be under the impression that CNBC should be functioning as some kind of Wall Street watchdog - completely missing the point that activist journalism, investigative journalism, reporting for the sake of the truth, all of those good things as we knew them, are all unfortunately dead. Bill G of Oddculture and I had this convo during the show, and I agree with most of what he posted (http://oddculture.com/2009/03/13/jon-faux-journalist-stewart-vs-jim-the-scapegoat-cramer/):It doesn’t matter - as long as he gets ratings. But Stewart thinks that Jim should be some sort of reporter or investigative journalist. What is he, crazy? Those people no longer exist! They died out in the 80s! It doesn’t pay for the network to pay attention to high minded journalism. It does pay to cater to Joe Average, who doesn’t know anything about finance and just wants somebody to tell him what to buy or sell. That’s Mad Money.

As for Fast Money - those guys are for short term traders. It’s pretty obvious. Regular people with long term investments who wouldn’t know a put from a call will get nothing out of Fast Money and shouldn’t watch it. Kudlow? That’s a political show! No information there. CNBC during the daytime is just a market reporter/commentator. No substance there either - just babes reporting numbers. CNBC after 9pm involves annoying women telling idiots how to get out of debt, and the rest of the time is filled by informercials.

Investigative journalism doesn’t get ratings unless it has something to do with missing white children, or holier-than-thou politicians meeting escorts at hotels (Cramer weighed in on Spitzer, but mercifully, I don’t recall him ever addressing Caylee Anthony), and networks are ratings engines.

So my final words to Jon Stewart: don’t hate the player, hate the game. Stewart got very, very close to the real problem when he pointed out that the Daily Show sold snake oil, and asked why Cramer wouldn’t admit that he sold snake oil, too; everyone sells snake oil, because it’s what there’s a market for, and bitching at one guy for not printing SNAKE OIL SALESMAN on his business cards is not going to scare him out of the snake oil business, because going into a different business isn’t viable.

Also, for what it’s worth, Jon wasn’t the only Stewart that Jim Cramer hung with yesterday. He spent the morning with Martha (http://abcnews.go.com/Entertainment/story?id=7070600&page=1):Martha [Stewart] suggested that he take the banana cream pie they would make later on the show. Cramer, who has been known to throw a few pies at the television screen, was holding out on whether to use it as a weapon on [Jon] Stewart.

“I can turn it into a gift if he’s kind to me,” Cramer said.

Had he actually brought the pie, I don’t think it would have been delivered as a gift.

13.03.2009, 09:37
Bailed Out Bank Had Friends in High Places

by Paul Kiel (http://www.propublica.org/site/author/paul_kiel/), ProPublica - March 12, 2009 9:54 am EDT

http://www.propublica.org/images/articles/wdc_waters_frank_090312.jpg Reps. Maxine Waters and Barney Frank (Lauren Victoria Burke/wdcpix.com)

The queue of banks seeking bailout money is a long and winding one. They can't even get a "hi there" from Treasury officials, bankers complain (http://www.washingtonpost.com/wp-dyn/content/article/2009/01/22/AR2009012203930.html) [1]. But OneUnited Bank is that rare success story. Even though it was scolded by regulators (http://www.bizjournals.com/boston/stories/2008/12/01/daily14.html) [2] in October for poor lending practices and executive perks (like a Porsche), it landed $12 million in bailout money in December.

The difference: two friends in high places. Rep. Barney Frank (D-MA), the chairman of the House Financial Services Committee, was so moved by OneUnited's plight that he tailored a provision in the $700 billion bill (http://online.wsj.com/article/SB123258284337504295.html?mod=todays_us_page_one) [3] so that the bank would get special consideration for help. And Rep. Maxine Waters (D-CA), who also sits on that committee, could be relied on to ring up the Treasury to make sure they knew just how special OneUnited was.

Waters may have had particular reason to jump in, the Wall Street Journal reports (http://online.wsj.com/article/SB123682571772404053.html?mod=rss_whats_news_us) [4]. Her husband is a former director of the bank, and as of the lawmaker's last financial disclosure statement, released May of last year and covering 2007, her husband held between $250,000 and $500,000 in stock in the bank. It's unclear whether he still holds that stock, because Waters didn't respond to the Journal's questions. (Waters herself also once had $250,000 to $500,000 in stock in the bank but sold it in 2004.)...

ful story: http://www.propublica.org/article/bailed-out-bank-had-friends-in-high-places-312

....also der Filz scheint weiter zu bestehen - wie eh und je :mad die Demokraten sollten nicht so viel Zündstoff liefern :rolleyes

13.03.2009, 10:32
Tent City: The recession's new face

(02:06) Report
Mar. 12 - The economic recession puts new face on the homeless problem in California's capital city -- where a depression era "Tent City" community is sprouting up.

With an imploding foreclosure market and spiraling unemployment -- the rapid descent from struggling financially to becoming destitute is a harsh reality in this community. Jon Decker reports. SOUNDBITES:

Jim Gibson worked construction for thirty years
Tina Garland
Executive Director Sister Libby Fernandez


....wer hätte so etwas erwartet :confused:rolleyes

13.03.2009, 11:34
China’s Premier Wen ‘Worried’ on Safety of Treasuries (Update1)

By Belinda Cao and Judy Chen http://www.bloomberg.com/apps/data?pid=avimage&iid=iQp4MJpC4hy0

March 13 (Bloomberg) -- China, the U.S. government’s largest creditor, is “worried” about its holdings of Treasuries and wants assurances that the investment is safe, Premier Wen Jiabao (http://search.bloomberg.com/search?q=Wen+Jiabao&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3Cimg%20src=%22images/smilies/biggrin.gif%22%20border=%220%22%20alt=%22%22%20title=%22Breit%20grinsen%22%20smilieid=%22113%22%20class=%22inlineimg%22%20/%3E:S:d1) said.

“We have lent a huge amount of money to the United States,” Wen said at a press briefing in Beijing today after the annual meeting of the legislature. “I request the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.”

U.S. President Barack Obama (http://search.bloomberg.com/search?q=Barack+Obama&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3Cimg%20src=%22images/smilies/biggrin.gif%22%20border=%220%22%20alt=%22%22%20title=%22Breit%20grinsen%22%20smilieid=%22113%22%20class=%22inlineimg%22%20/%3E:S:d1) is relying on China to sustain buying of Treasuries (http://www.bloomberg.com/apps/quote?ticker=HOLDCH%3AIND) as his administration sells record amounts of debt to fund a $787 billion economic-stimulus package. Chinese investors have lost money on the securities so far this year, after increasing their holdings 46 percent to $696 billion in 2008, according to Treasury Department data.

“China’s purchases of American debt have been one of the few bolts keeping the wheels on the global economy,” said Phil Deans (http://search.bloomberg.com/search?q=Phil%0ADeans&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3Cimg%20src=%22images/smilies/biggrin.gif%22%20border=%220%22%20alt=%22%22%20title=%22Breit%20grinsen%22%20smilieid=%22113%22%20class=%22inlineimg%22%20/%3E:S:d1), a professor of international affairs at Temple University in Tokyo. “If China stops buying where does Obama’s borrowing to fund his stimulus come from?”....

......“China won’t sell the U.S. debt now as that will only drive down Treasury prices, hurting not only the U.S. but also the value of its own investments,” said Shen Jianguang (http://search.bloomberg.com/search?q=Shen+Jianguang&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), a Hong Kong-based economist at China International Capital Corp., an investment bank partly owned by Morgan Stanley.......

......Delegates of China’s legislative advisory body suggested that the government diversify away from Treasuries into more risky assets. Jesse Wang (http://search.bloomberg.com/search?q=Jesse+Wang&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), executive vice president of China Investment Corp. (http://www.bloomberg.com/apps/quote?ticker=CHIVCZ%3ACH), said on March 4 that the nation’s $200 billion sovereign wealth fund may invest in “undervalued” commodities......

full story: http://www.bloomberg.com/apps/news?pid=20601103&sid=aVq1dGC2ozoY&refer=news

....ich wäre auch sehr worried :schwitzob die Treasuries nicht auch risky sind :confused:rolleyes

13.03.2009, 15:13
Startseite: 13. März 2009, 14:02
Die Schweiz macht beim Bankgeheimnis Zugeständnisse (http://www.nzz.ch/nachrichten/schweiz/schweiz_bankgeheimnis_konzessionen_oecd_standard_1.2193064.html)

http://www.nzz.ch/images/Merz_wide_1.2193818.1236952561.jpg (http://www.nzz.ch/nachrichten/schweiz/schweiz_bankgeheimnis_konzessionen_oecd_standard_1.2193064.html)
Der Bundesrat will auch bei Steuerhinterziehung Amtshilfe leisten (http://www.nzz.ch/nachrichten/schweiz/schweiz_bankgeheimnis_konzessionen_oecd_standard_1.2193064.html)

Die Schweiz ist bereit, unter gewissen Bedingungen auch bei Steuerhinterziehung Amtshilfe zu leisten. Mit dieser Lockerung des Bankgeheimnisses soll verhindert werden, dass die Schweiz auf eine schwarze Liste gesetzt wird, wie Bundespräsident Merz erklärte. (http://www.nzz.ch/nachrichten/schweiz/schweiz_bankgeheimnis_konzessionen_oecd_standard_1.2193064.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/schweiz/schweiz_bankgeheimnis_konzessionen_oecd_standard_1.2193064.html)
http://www.nzz.ch/static-images/pixel.gif http://www.nzz.ch/static-images/news_readmore.gif Dossier: Durchlöchertes Bankgeheimnis (http://www.nzz.ch/hintergrund/dossiers/durchloechertes_bankgeheimnis_2.46093)

Schweiz: 13. März 2009, 14:02
Kommentar: Wer sich nicht bewegt, verliert (http://www.nzz.ch/nachrichten/schweiz/merz_bankgeheimnis_kommentar_schweiz_bundesrat_oecd-standards_1.2193130.html)

Bundesrat darf Bankgeheimnis nicht ohne Gegenforderung relativieren (http://www.nzz.ch/nachrichten/schweiz/merz_bankgeheimnis_kommentar_schweiz_bundesrat_oecd-standards_1.2193130.html)

Die G-20- Länder, die sich das Austrocknen sämtlicher Steueroasen (ausserhalb des eigenen Territoriums) auf die Fahnen geschrieben haben, sind ihrem Ziel einen grossen Schritt näher gekommen. Mit dem Angebot, Amtshilfe bei Steuerhinterziehung zu leisten, ist der Bundesrat weit genug, aber nicht zu weit gegangen, meint NZZ-Redaktor Simon Gemperli. (http://www.nzz.ch/nachrichten/schweiz/merz_bankgeheimnis_kommentar_schweiz_bundesrat_oecd-standards_1.2193130.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/schweiz/merz_bankgeheimnis_kommentar_schweiz_bundesrat_oecd-standards_1.2193130.html)

....und endlich werden die Saubermänner :Applnicht mehr um ihren Schlaf gebracht :Prost
....wobei unserem Souverän muss man wirklich kein Kränzchen winden - deren verhalten war alles andere als souverän :rolleyes:o:farrer

13.03.2009, 15:24
13 March 2009

Berkshire Hathaway's Credit Rating Downgraded by Fitch (http://jessescrossroadscafe.blogspot.com/2009/03/berkshire-hathaways-credit-rating.html)

http://1.bp.blogspot.com/_H2DePAZe2gA/SbpjwS33qUI/AAAAAAAAIoA/OqODIwOdbPA/s320/buffett3.JPG (http://1.bp.blogspot.com/_H2DePAZe2gA/SbpjwS33qUI/AAAAAAAAIoA/OqODIwOdbPA/s1600-h/buffett3.JPG) "Weep over Saul, Who clothed you luxuriously in scarlet, who put ornaments of gold on your apparel." 2 Samuel 1:24

Berkshire has sustained heavy losses in US equities as the value investing approach which Warren Buffett follows has fallen prey to this most vicious of bear markets.

The company still retains exposure to derivatives contracts that concerns Fitch.

Forbes (http://www.forbes.com/2009/03/12/berkshire-credit-downgrade-markets-equity-fitch.html)
Buffett Loses Sterling Credit Rating
Peter C. Beller
03.12.09, 08:30 PM EDT

Fitch downgrades billionaire's Berkshire Hathaway to lowly AA because of possible stock and credit market losses. :eek:eek:eek

For decades, one of the brightest banners to fly above Warren Buffett's castle was his company's AAA credit rating, one of a handful in the United States. In his annual letter to shareholders he bragged that Berkshire Hathaway's credit was "pristine." But the financial crisis is laying siege to even the mightiest balance sheets.

In the past year, shares of Berkshire Hathaway the insurance and electricity conglomerate that Buffett controls, have lost 35%. Buffett saw his personal wealth decline by $25 billion. Now Fitch Ratings has snatched away his top-notch rating, downgrading Berkshire to AA......

uiuiuiuiui......nicht nur auf der Forbes-list down - jetzt auch noch im rating :rolleyes:rolleyes:rolleyes

13.03.2009, 15:36
....und immer weiter ballern :bad:mad

13.03.2009, 17:43
Fri 13 Mar 2009

Dear Texans: Might Want To Get A Job (http://lolfed.com/2009/03/13/dear-texans-might-want-to-get-a-job/)

Posted by Jason under bailout (http://lolfed.com/category/bailout/) ---> 1 Comment (http://lolfed.com/2009/03/13/dear-texans-might-want-to-get-a-job/#comments)


Texas Gov. Rick Perry has no time or patience for hippies without jobs, and hates the federal stimulus package so much that he’s refusing a tiny part of the money offered to his state. Unfortunately for many unemployed Texans, that part is the one that would benefit them directly, as Perry picked up his phone made from a set of longhorns and called President Obama himself and told him exactly where he could stuff that $500 million to benefit the unemployed (http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-stimulus_13tex.ART.State.Edition2.4abe02e.html) but he would be more than happy to take the remaining $15.4 billion*. Perry is now being praised for his brave stand against a whopping 3.6% piece of his state’s part of the money.

*Dramatization, although if Gov. Perry doesn’t have a longhorn phone, he needs one.

....ziemlich wirr der Herr :rolleyes

13.03.2009, 18:42

13.03.2009, 19:03

Cocktail Recipes for the Recession

http://mtblog.newyorker.com/online/blogs/tny/080526_r17413_p233_crop-thumb-233x315.jpg (http://mtblog.newyorker.com/online/blogs/tny/080526_r17413_p233_crop.jpg)Gone are the Cosmopolitans and pomegranate martinis—bartenders are designing a whole new breed of cocktails for 2009….

Long Island Iced 401(k)
Put hopes in shaker. Add dreams. Shake until dashed, then drink all the vodka, gin, tequila, and rum left in liquor cabinet.

Bear Market Shot
Pick up lots of checks because you think the glass is half full; when you find it’s actually half empty, take a single shot to the head.

Broke & Tan
Fall asleep in yard on weekday, wake up sunburned and so dehydrated that anything tastes good.

Princeton Bitters
Pour two ounces of vodka into a cocktail shaker. Lament fact that you moved into a smaller house to pay for your son’s college education and, since he couldn’t get a job and he’s now twenty-six, he’s living on your couch. Eying your son as he works his Wii, pour two more ounces of vodka into shaker. Serve with a grimace.

Add a dozen I.P.O.’s to portfolio, wait until bubble bursts, drink all day every day.

BlackBerry Sling
Discover that your BlackBerry doesn’t work because you haven’t paid the bill. Sling it against the wall, then buy a prepaid phone and make some rum in your toilet.

Bloody Maria Bartiromo
Squeeze four packets of McDonald’s ketchup and one packet of pepper into a glass. Mix with eight ounces homemade hooch. Drink while you watch the Money Honey on a TV in the window of a Circuit City that’s going out of business at the end of the month.

Tequila Slumlord
To avoid foreclosure, rent the other bedrooms in your condo to migrant farmworkers; steal their booze when they go out to work.

Trickle-Down Punch
Let last drops of liquor trickle from spent bottles at recycling center into plastic cup. Serve with shame.

—Dave Hanson

(Illustration: Floc’h)

Dave Hanson is the author of “Last Leg (http://www.amazon.com/Last-Leg-Dave-Hanson/dp/0595292038/).”


13.03.2009, 20:41
Crashkurs an den Kreditmärkten der Welt

von Bill Bonner

Die Rechnungsprüfer von Deloitte & Touche sprechen von erheblichen Zweifeln. Sie haben die Zahlen von GM untersucht. De Zahlen werfen die Fragen auf, ob der Automobilhersteller auch weiterhin als Firma bestehen kann. Hier auf diesen Seiten habe ich beträchtlichen Zweifel bezüglich einer ganzen Reihe von Dingen.

Soweit es GM betrifft teile ich die Sorgen der Rechnungsprüfer. Die Welt ist voll von Autofabriken. Die meisten davon können bessere, schnellere und billigere Autos herstellen als GM. Gleichzeitig steigt die Nachfrage nach Autos nicht so schnell wie die weltweite Wachstumskapazität in der Automobilindustrie - ganz besonders in Amerika. Ich will mir hier kein Urteil erlauben, das darf der Markt gerne übernehmen.

Wie dumm muss man sein, wenn man...

GM hat jedoch Freunde in hohen Positionen... die bereit sind, sich auf die Maßstäbe des Urteils von Mr. Market zu stützen. Der Autohersteller hat bereits 13,4 Milliarden Dollar geliehen. Er bittet jetzt um weitere 30 Milliarden Dollar. Aber welcher Dummkopf würde 30 Milliarden Dollar an ein Unternehmen verleihen, dessen eigene Rechnungsprüfer sagen, dass das Unternehmen vielleicht bald nicht mehr im Geschäft ist?

Genauso gut kann man sich fragen, wer so dumm ist und AIG viermal hintereinander Geld leiht... nachdem man jedes Mal aufs Neue feststellt, dass das Unternehmen in schlechterem Zustand ist als zuvor.

Wenn Sie jetzt auf einen anderen getippt haben als die amerikanische Regierung, dann haben Sie nicht gut genug zugehört.

Die übrigen Kreditgeber der Welt sind auch Idioten - aber von anderer Art.

Vereinfachte Darstellung des weltweiten Kreditmarktes

Erlauben Sie mir, dass ich den weltweiten Kreditmarkt des Jahres 2009 etwas vereinfacht darstelle: Die Kreditgeber der Welt sind eifrig darum bemüht, Kredite an den größten Schuldner der Welt auszustellen; allen anderen trauen sie nicht mehr. Derweil verleiht der größte Kreditnehmer der Welt sein Geld an die privaten Kreditnehmer, denen die anderen nicht mehr trauen - den Kreditnehmern, die das Geld nicht zurückzahlen können.

Gleichzeitig gehen die Absätze zurück, die Profite brechen ein, die Dividenden verschwinden, die Aktienkurse brechen ein.

Gold ist um 21 Dollar gestiegen. Die Korrektur bei Gold könnte vorbei sein.

Heute steht eines von fünf mit Hypotheken belasteten Häusern in Amerika im Regen. Ein Rekord von 5,4 Millionen Amerikaner hinken mit ihren Hypothekenzahlungen zurück oder befinden sich bereits in der Zwangsvollstreckung.

Fallende Immobilienpreise

Die Hauspreise fallen auch weiterhin. Man muss ein Lloyd Bridges sein, wenn man heute den amerikanischen Immobilienmarkt erobern will.

Dieser beispiellose Rückgang bei den Hauspreisen hat auch Millionen von Haushalten untergehen lassen.

Martin Feldstein geht davon aus, dass die amerikanischen Haushalte 12 Billionen Dollar verloren haben. Es wird ein Jahrzehnt des Sparens in hohem Ausmaß notwendig sein, um dieses Geld zurück zu bekommen, sagt er.

Die Sparrate ist in den Himmel geschossen... von weniger als Null im Jahr 2006 auf heute über 3%. Steigende Rücklagen werden 500 Milliarden im Jahr aus der Verbraucherwirtschaft ziehen, so glaubt Feldstein.

Es ist kein Wunder, dass der Einzelhandel immer schwächere Verkaufszahlen berichtet. Im Februar hat nur Wal-Mart höhere Verkaufszahlen gemeldet. Wal-Mart profitiert vom Trading Down"-Effekt. Wenn die Leute heute Geld ausgeben, dann wollen sie günstigere Alternativen...

Gleichzeitig ist der Schutzmann, der den Takt an der Wall Street vorgegeben hat, als sich dort der größte Raubüberfall in der Geschichte ereignet hat... und der die Kredite an AIG und an GM entwickelt hat... heute Polizeichef. Tim Geithner sagte, dass er Tag und Nacht an Obamas Rettungsplan arbeiten würde, weil wir wissen, wie unmittelbar die Zukunft unserer Wirtschaft davon abhängig ist."

Wie jedoch mein alter Freund Marc Faber feststellt, scheinen weder Mr. Geithner, noch Mr. Bernanke oder ein anderer der Männer, die über uns regieren, irgendeine Ahnung zu haben, wovon sie gerade sprechen. Als Vorsitzender der Zentralbank von New York schien Mr. Geithner in der Phase vor der Krise nicht zu wissen, wie sehr die Zukunft der Wirtschaft von einem gesunden Finanzsystem abhängig ist."


Faber erklärt weiterhin, dass nicht nur die wichtigen Spieler daran gescheitert sind zu verstehen, was los war - als es für ihn, für uns und für Millionen andere ganz offensichtlich war - und dass sie dann das Problem falsch diagnostiziert haben und die falsche Behandlung vorschlugen. Sie haben gedacht, es handele sich um einen Liquiditätskrise, also haben sie Milliarden von Dollar auf die untergehenden Einrichtungen geworfen.

Bei jedem Schritt auf dem Weg waren die Verantwortlichen ratlos und ohne Verteidigungsstrategie. Sie haben das Geld mit einem effektiv negativen Zinssatz für mehr als fünf Jahre verliehen. Sie waren es, die so taten, als würden sie den Markt regulieren" und kontrollieren"... und sie behaupteten, sie würden die Anleger vor Betrug und gesetzwidrigem Verhalten schützen. Sie waren es, die die Banken ermächtigt haben... die die Bankenstandards festgelegt haben... die die Derivate selig gesprochen haben, weil sie die Risiken weiter verteilen" (Greenspan)... die die Leute drängten, Hypotheken mit variablen Zinssätzen aufzunehmen (wieder Greenspan)... und die die subprime-Kredite lobten, weil sie zu Hausbesitz ermunterten... und die den Verbrauchern sogar sagten, sie sollten losgehen und Geländewagen kaufen", um der Wirtschaft zu einem Auftrieb zu verhelfen. (Robert McTeer, ein Senator bei der Zentralbank.)

Die Verantwortlichen schichten weiter den Zunder auf... sie schütten Benzin darauf... und sie zünden ein Feuerzeug an. Und jetzt sind sie... wer hätte das gedacht... der Feuerwehr beigetreten.

Quelle: Kapitalschutz Akte

Zum Original-Beitrag (http://showthread.php3?p=1226456#post1226456)
...und habe zu wenig Spucke zum löschen :confused:rolleyes

13.03.2009, 20:50
13. März 2009, 18:08; Letzte Aktualisierung: 19:57

Wird Grossbritannien alleiniges Steuerparadies?

......Doch wohin sollen sie ihr Geld bringen? Jetzt, als weltweit die meisten Länder verkünden, die Vorgaben der OECD erfüllen zu wollen? Ausgerechnet einer der grossen Kritiker an Finanzplätzen wie der Schweiz und einflussreiche Kraft der G20 könnte vom Nachgeben anderer Staaten profitieren: Grossbritannien.

«Scheinheiliges» England

Anfangs Monat hatte Englands Premierminister :bad Gordon Brown noch betont, dass «das Problem der Steueroasen anzupacken» und dabei «Regulierungssystemen und Verhaltens-Normen für alle Länder und Kontinente» geltend zu machen.

Dabei verschwieg er, dass gerade Grossbritannien mit den zwar unabhängigen aber als Kronkolonie zum Königreich gehörenden Kanalinseln, Gibraltar und Cayman Islands zentrale Offshore-Finanzplätze weiterhin toleriert.

Ähnliches könnten Kritiker zu den USA sagen. Die Vereinigten Staaten beheimaten in Florida etliche Offshore-Finanzinstitute aus Südamerika.....

ganzer Artikel: http://tagesschau.sf.tv/nachrichten/archiv/2009/03/13/schweiz/wird_grossbritannien_alleiniges_steuerparadies

ja, ja die Saubermänner :Prost Gordon Brown :bad ist noch schleimiger und genau so unfähig wie Tony Blair :rolleyes

13.03.2009, 22:38
http://data3.blog.de/media/657/2200657_2930b1801a_m.jpeg "If you spent a million dollars every day since Jesus was born,

you still wouldn't have spent a trillion dollars." http://www.paragliding-reisen.de/onlineshop/images/big/kalender2009.jpg

U.S. NATIONAL DEBT CLOCK The Outstanding Public Debt as of 13 Mar 2009 at 09:35:04 PM GMT is:



14.03.2009, 10:08
...Veränderungen im Blätterwald

Forget Britney; Media Outrage Hits Big Spenders

By BRIAN STELTER (http://topics.nytimes.com/top/reference/timestopics/people/s/brian_stelter/index.html?inline=nyt-per)
Published: March 12, 2009
It could be called “To Catch a Rich Guy.”

(http://www.nytimes.com/2009/03/13/business/media/13shame.html?_r=1&partner=rss&emc=rss&pagewanted=all#secondParagraph) Enlarge This Image (http://javascript%3Cb%3E%3C/b%3E:pop_me_up2%28%27http://www.nytimes.com/imagepages/2009/03/13/business/13shame01.ready.html%27,%20%2713shame01_ready%27,%20%27width=720,height=600,scrollbars=yes,toolbars=no,resizable=yes%27%29)
http://graphics8.nytimes.com/images/2009/03/13/business/13shame01-190.jpg (http://javascript%3Cb%3E%3C/b%3E:pop_me_up2%28%27http://www.nytimes.com/imagepages/2009/03/13/business/13shame01.ready.html%27,%20%2713shame01_ready%27,%20%27width=720,height=600,scrollbars=yes,toolbars=no,resizable=yes%27%29) ABC News
Last month, Kenneth D. Lewis took a Bank of America jet from Charlotte, N.C., to New Jersey. ABC News captured the flight.

Readers' Comment

Read All Comments (91) » (http://community.nytimes.com/article/comments/2009/03/13/business/media/13shame.html)
The celebrity Web site TMZ (http://topics.nytimes.com/top/news/business/companies/tmz_productions/index.html?inline=nyt-org) and TV shows like “Extra” and “Inside Edition” are expanding their coverage of starlets and Hollywood break-ups to include billion-dollar business scandals and the economic collapse.

A camera crew for “Extra,” the syndicated entertainment show, huddled alongside the BBC (http://topics.nytimes.com/top/news/business/companies/british_broadcasting_corporation/index.html?inline=nyt-org) and The Associated Press outside the courtroom as Bernard L. Madoff (http://topics.nytimes.com/top/reference/timestopics/people/m/bernard_l_madoff/index.html?inline=nyt-per) pleaded guilty on Thursday. That night, the show started by calling him “the most hated man in America.” The previous evening, “Inside Edition” profiled one of Mr. Madoff’s victims who testified in court, a 60-year-old woman who lost millions and had to go to work as a maid.

The tabloid media, of course, have always peered into the excesses of the rich and famous with a mix of puritan disapproval and voyeurism. But these outlets and other news organizations are now recording troubling uses of taxpayer money at country clubs, private airports and glamorous retreats and, in so doing, explicitly tapping into a fierce populist anger at corporate America, and even pressuring Congress to hold companies accountable.....

......Incriminating pictures stop the companies from denying the stories, essentially catching them in the act, Mr. Ross added. Rather than trying to induce shame, he said, “what we reveal is that there’s no shame.”

full story: http://www.nytimes.com/2009/03/13/business/media/13shame.html?_r=1&partner=rss&emc=rss&pagewanted=all

14.03.2009, 10:17
http://tagesanz.wemfbox.ch/cgi-bin/ivw/CP/ausland http://www.tagesanzeiger.ch/images/logos/LogoKlein.png (http://www.tagesanzeiger.ch/)
Israel-Lobby von Washington setzt sich durch (http://www.tagesanzeiger.ch/ausland/amerika/IsraelLobby-von-Washington-setzt-sich-durch/story/26020578):mad (http://www.tagesanzeiger.ch/ausland/amerika/IsraelLobby-von-Washington-setzt-sich-durch/story/26020578)

http://files.newsnetz.ch/story/2/6/0/26020578/11/teaserbig.jpg (http://www.tagesanzeiger.ch/ausland/amerika/IsraelLobby-von-Washington-setzt-sich-durch/story/26020578)
Nach einer Kampagne der Israel-Lobby tritt ein hoher Diplomat einen ihm angebotenen Posten nicht an. Das spricht nicht dafür, dass Barack Obama in der Nahost-Politik mehr Ausgewogenheit zeigt als sein Vorgänger. Mehr... (http://www.tagesanzeiger.ch/ausland/amerika/IsraelLobby-von-Washington-setzt-sich-durch/story/26020578)

Von Martin Kilian, Washington.

....yes we can wird langsam fragwürdig :rolleyes

14.03.2009, 10:22
Ex-Vizeminister: Brutale Folter in Chinas Gefängnissen

Aktualisiert um 11:56 Uhr ---> 10 Kommentare (http://www.tagesanzeiger.ch/ausland/asien-und-ozeanien/ExVizeminister-Brutale-Folter-in-Chinas-Gefaengnissen/story/14136733#kommentar)

Chinas ehemaliger Vizejustizminister Duan Zhengkun hat die Folter in den Gefängnissen des Landes kritisiert. Nach seinen Aussagen werden Häftlinge zu Geständnissen gezwungen.

Der Politiker sagte gegenüber Zeitung «China Daily», dass die Anstalten deshalb nicht länger von den Sicherheitsbehörden, die Verdächtige auch verhaften, geleitet werden sollten. Staatliche Medien kündigten heute an, die Regierung wolle die Gefängnisse verstärkt unter die Lupe nehmen. So solle auch gegen Gewalt unter den Häftlingen vorgegangen werden. Auslöser war der Fall eines Häftlings, der von Mitinsassen zu Tode geprügelt wurde.

Behördenlüge: Massive Proteste im Internet

Die Behörden hatten zunächst erklärt, der Mann habe bei einem Versteckspiel im Gefängnis eine Augenbinde getragen und sei gegen eine Wand gelaufen. Dies löste eine Protestwelle im Internet aus – imd eine darauffolgende Untersuchung brachte seine wahren Todesumstände an den Tag.

Heute wurde zudem ein weiterer Fall bekannt, bei dem ein Gefängnisinsasse von einem Mithäftling totgeschlagen wurde. Menschenrechtsgruppen kritisieren immer wieder die Verhältnisse in Chinas Gefängnissen, wo die Insassen kaum Rechte haben und wenig Kontakt zu Anwälten oder Familienmitgliedern haben.....


14.03.2009, 10:46
Reiseführer für Steuerflüchtlinge

Von Martin Vetterli. Aktualisiert am 24.10.2008 6 Kommentare (http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Reisefuehrer-fuer-Steuerfluechtlinge/story/30115771#kommentar)

Für diskrete Geldverstecker ist die Schweiz nur noch zweite Wahl. Die Paradiese liegen anderswo. Lust auf Sonne, Strand und Steuernsparen? Ein Ratgeber für Fluchtwillige.....

.....Frührentner: ab nach Belize

Andere Fluchtpunkte warten vorab mit Spezialitäten auf: Zypern mit seinem Trustrecht und den tiefsten Steuern der EU, Frankreich ist besonders interessant für Pleitiers, deutsche und Schweizer Banker ziehts nach London oder – noch vorteilhafter – auf die Kanalinseln: Als so genannte Non-domiciled-Resident müssen sie dort nur Einnahmen versteuern, die sie nach Hause überweisen. Noch besser ist für sie, wenn der Chef einen Teil des Gehalts auf ein Konto auf den Cayman-Inseln überweist. Dort ist eine Null-Prozent-Steuer – ganz legal.

Frührentner sind in Belize gut aufgehoben. Wer in Indien Investitionen tätigen will, geht via Mauritius. Die Firma rettet man am besten in die panamesische Steuerfreiheit, wo es für Kapitaltransfers keine Schranken gibt; allerdings sind die Bankgebühren ungebührlich hoch. Als Alternative bietet sich die malaysische Inselgruppe Labuan an, wo Offshore-Gesellschaften und Non-Trading-Aktivitäten ebenfalls steuerbefreit sind.

Die Sparperspektiven weltweit sind herrlich, wenn man davon ausgeht, dass Kapital keine Heimat kennt. Kein Wunder, hält Steuervermeider Hans-Lothar Merten vergleichsweise wenig von der Schweiz als Fluchtburg. Das Liechtensteiner Stiftungsmodell qualifiziert er gar als «nicht mehr zeitgemäss» ab. Das Ländle gilt als Risikozone, seitdem letzten Winter Bankunterlagen in grossem Stil bei den deutschen Steuerbehörden auftauchten. Merten rät zum Aufbruch in den Nahen Osten. Wirklich diskrete Adressen fänden Reiche in den arabischen Golfstaaten und in Südostasien, sagt er. Die Banken dort würden heute hochprofessionell arbeiten - oft noch besser als in Europa.....


....paradiesische Verhältnisse - was sagen die Saubermänner :confused:rolleyes Herr Steinbrück hat sich ja schon geäussert: Erkenntnis und Hochverrat ist immer eine Frage des Datums :Appl:bad

14.03.2009, 17:51
.....endlich :)

14.03.2009, 18:24
Steueroasen-Gesetz droht Scheitern

von Peter Ehrlich (Berlin)

Peinliche Schlappe für Bundeskanzlerin Merkel: Wirtschaftsministerium und CDU/CSU verzögern den Plan von Finanzminister Steinbrück, Geldanlagen in Steuerparadiesen zu erschweren. Merkel stand hinter dem Vorhaben.


...nachdem die Schweiz und andere regelrecht erpresst wurden, geht es nun darum sich vom Steuerbürger eine Blankovollmacht für alles zu holen .....das alles im Namen der Steuergerechtigkeit.

Zum Original-Beitrag (http://showthread.php3?p=1226486#post1226486)
....Das Finanzministerium war eigentlich davon ausgegangen, dass die Koalitionsfraktionen und das Wirtschaftsministerium mit dem Gesetz einverstanden sind, das hatte der finanzpolitische Sprecher Otto Bernhardt (CDU) auch öffentlich bestätigt. Der Sinneswandel könnte auch damit zusammenhängen, dass CDU/CSU nach wie vor große Bauchschmerzen wegen der Änderung des Finanzmarktstabilisierungsgesetzes hat, die die Enteignung der Altbesitzer des Immobilienfinanzierers HRE ermöglichen würde. Wenn das Gesetz scheitert, wäre allerdings auch Kanzlerin Angela Merkel blamiert. Sie hatte erst am Donnerstag gemeinsam mit Frankreichs Präsident Nicolas Sarkozy die Liste der OECD gelobt und gefordert, die großen Staaten müssten Kooperation der Steueroasen "mit aller Entschiedenheit einfordern".

Ist natürlich nicht uneigennützig von der CDU/CSU - trotzdem - ich kann ein bisschen Schadenfreude nicht unterdrücken :rolleyes ja, ja, shame on me :o
möchte mal wissen wie die Regierung das ganze HRE-Theater mit ihrem Verlangen nach blütenreinen Westen in Einklang bringen will :rolleyes

14.03.2009, 19:16
Pacific Adventurer - Oil Spilled Exceeds Original Estimates

March 13th, 2009 - by mike (http://gcaptain.com/maritime/blog/author/mike/)


Estimates for the amount of oil that spilled earlier this week after the cargo ship, Pacific Adventurer, sustained damage in Cyclone Hamishthe near Brisbane, Australia is now upwards of 200,000 liters. This is substantially more than the 42,000 liters first stated by the ship’s owner, Swire Shipping. Australian authorities have declared several coastal areas near Brisbane disaster zones, with oil blanketing more than 60 kilometers of coast.....




14.03.2009, 22:25

....wenn man sich diesen Teil ganz anhört - dann ---> :bad die CHler haben sich so richtig in die Pfanne hauen lassen und waren alles andere als strategisch klug - Herr Steinbrücks Kommentar ist so wie er aussieht - scmallippig und hämisch, Herr Brown ist ein scheinheiliger Heuchler und allen geht es nur um Macht, Einfluss und Kohle :bad

...das mit dem moderater reagieren ist Mumpitz :o

14.03.2009, 23:20

15.03.2009, 01:49
Bürgerliche wollen USA mit eigenen Waffen schlagen

Durch den Trust Gelder zu verstecken, soll in der Schweiz möglich werden

von Andreas Windlinger, Christoph Lauener

Bern Nach den Konzessionen bei der Amtshilfe für Steuerhinterziehung ziehen die bürgerlichen Parteien beim Kampf ums Bankgeheimnis eine neue Verteidigungslinie auf: Falls Grossbritannien und die USA nicht auf das Instrument der Trusts verzichten, wollen sie dieses neu auch im Schweizer Stiftungsrecht einführen.

Laut FDP-Generalsekretär Stefan Brupbacher gibt es «Befürchtungen und Hinweise», dass Grossbritannien und die USA das Vehikel des Trusts trotz des internationalen Drucks aufrechterhalten können und werden. Deshalb müsse die Schweiz nun handeln und das Stiftungsrecht «so anpassen, dass derartige Trusts auch bei uns gegründet werden können». ...

Trusts sind das ideale Vehikel zur Steuerhinterziehung

Trusts sind eine Art Nummernkonto in Stiftungsform: Ausser den Treuhändern, welche die Trusts verwalten, weiss niemand, wem das in den Trusts parkierte Geld gehört. Trusts werden zu einem sehr tiefen Satz besteuert. Und weil die Trusts keine Rechtspersönlichkeit haben, können sie weder eingeklagt noch sonst wie juristisch belangt werden - das ideale Vehikel, um Gelder aus Steuerbetrug oder -hinterziehung zu verstecken.

Trusts sind vor allem auf den britischen Kanalinseln und in gewissen US-Bundesstaaten verbreitet...


Wenn nun die Schweiz, nachdem sie mittels einer nicht existenten Schwarzen Liste (huch!) genötigt wurde, ihre Gesetze zu ändern, sich gezwungen sähe, die bereits seit Jahrzehnten abgeschafften Nummernkonti quasi wieder einzuführen, so wäre mir das ein Lacher wert , obwohl ich diese Entwicklung nicht optimal finde. http://www.stock-channel.net/stockselect/stock-board/images/smilies/rolleyes.gif

15.03.2009, 09:52
Banken: Auferstanden aus Ruinen? Von Michael Mross Samstag, 14. März 2009 Schöne neue Bankenwelt: Gestern noch am Abgrund, seit letzter Woche wieder Milliarden-Gewinne. Alles wieder im Lot bei den globalen Pleite-Kandidaten? Oder nur Luftnummern im Finanzsystem? Spurensuche im "Gute-Nachrichten-Kartell".

Eigentlich war es nur eine interne E-Mail von Citigroup-Chef Vikram Pandit. Doch die Aktion wurde perfekt an Wall Street inszeniert. Was zunächst nur als "intern" gehandelt wurde, vermeldete die Presse bald als Sensationsstory: Die Citibank hat in den ersten beiden Monaten Milliardengewinne verbucht.

Die Nachricht verfehlte ihre (vermutlich gewollte) Wirkung nicht: "Wie einst Tom Hanks und Meg Ryan im Filmklassiker "E-Mail für dich" griffen die Akteure an den Aktienmärkten die elektronische Botschaft begierig auf. Unter Führung der Finanzsektoren zogen Dow Jones Industrial Average und Dax über die Schwellen von 7000 und 4000 an, deren Unterschreiten zuvor Befürchtungen über einen neuerlichen heftigen Kursabsturz genährt hatte" - schreibt die Börsen-Zeitung.

Doch eine Bankenschwalbe macht bekanntlich noch keinen Finanzfrühling. Und siehe da, plötzlich vermeldeten fast alle großen Beinahe- oder Pleitekandidaten rings um den Globus im 12-Stunden-Takt, dass die Milliarden wieder sprudeln. Und der Mainstream frohlockt:

So berichtete die FTD: Wir verdienen wieder Geld: Mit dieser Aussage haben die Chefs mehrerer Institute für Erleichterung an den Börsen gesorgt. Tatsächlich sprechen viele Indizien für wieder sprudelnde Gewinne der Geldhäuser. Als hätten sie es verabredet: Nachdem die Banken dieser Welt monatelang Hiobsbotschaften en masse produziert haben, kommen ihre Chefs derzeit schon fast reihenweise mit guten Nachrichten aus der Deckung. Der Start in das Jahr 2009, tönt es plötzlich aus Frankfurt, New York und Zürich, sei prächtig verlaufen.

Deutsche-Bank-Chef Josef Ackermann vermeldet für Januar Erträge von 2,8 Mrd. Euro - nur knapp weniger als im Boomjahr 2007. Im Februar habe dieser Trend angehalten. Die Chefs von Citigroup, JP Morgan, sowie Bank of America berichteten, ihre Institute hätten in den ersten zwei Monaten des Jahres schwarze Zahlen geschrieben. Bank-of-America-Chef Kenneth Lewis kündigte sogar gleich für das Gesamtjahr ein positives Ergebnis an. Zuvor hatten bereits Credit Suisse und Commerzbank gute Starts in das laufende Jahr gemeldet.

Dass selbst Institute wie die Citigroup und Bank of America, die mit riesigen Summen an Steuergeld gestützt werden mussten, so gute Botschaften verbreiten, überrascht. Schließlich werden sich die Bankchefs kaum zu einem Gute-Nachrichten-Kartell zusammengeschlossen haben

Die FTD deutet es zwar an, verwirft die These aber gleich wieder - nach dem Motto: Nur nicht hinterfragen, nur nicht zweifeln. Dabei wurden die wesentlichen Elemente der weltweiten Banken PR-Aktion schon angesprochen: "Als hätten sie es verabredet" vermeldeten die Kreditinstiute "schon fast reihenweise gute Nachrichten". Bei der Deutschen Bank gar läuft das Geschäft wieder so gut wie im Boom Jahr 2007.

In der Wirtschaftspresse wird diese wundersame 180Grad Wende wie eine Selbstverständlichkeit widergekaut. Keine Fragen. Keine Skepsis. Doch genau die ist mehr als angebracht.

Die FTD schreibt: "Schließlich werden sich die Bankchefs kaum zu einem Gute-Nachrichten-Kartell zusammengeschlossen haben". - Doch genau danach sieht die gut abgestimmte globale Banken PR-Aktion aus. Nichts anderes als ein "Gute-Nachrichten-Kartell" - um Märkte und Menschen ruhig zu stellen.

Wie kann eine Bank in der schlimmsten Geldsystem-Krise der Menschheit Gewinne erzielen wie zu besten Boomzeiten?

Wie wäre es denn mit folgender Erklärung: Die Banken sitzen auf Billionen Dollar faulen Assetts, die sie nicht mehr verkaufen können. Das erkennen auch die Notenbanken unter Führung der FED. Bernanke schlägt also den größten Kreditinstituten folgenden Deal vor:

Verkauft euch das Zeug einfach gegenseitig, dann könnt ihr es wieder höher bewerten. Motto: Ich kaufe von dir deinen abgewerteten Kreditmüll zu 10% höheren Kursen ab, wenn du mir ebenfalls meinen Kreditmüll 10% teurer abkaufst.

Unterm Strich sitzen also beide Banken auf dem gleiche Schrott, nur mit einem Unterschied: Sie haben ihn sich zwischendurch zu höheren Preisen verkauft und können ihn so als Gewinn verbuchen.

So oder so ähnlich könnte es gewesen sein, als die größten Banken dieser Welt sich vor wenigen Monaten in den USA trafen, um Auswege aus der Finanzkrise zu erörtern. Bekanntlich war auch die Deutsche Bank auf diesem Meeting vertreten, von dem relativ wenig an die Außenwelt trat.

Die Direktive der FED lautete dieser Version nach wie folgt: Wertet den Schrott ab, weist riesige Verluste aus. Anschließend verkauft ihr ihn euch zu höheren Preisen wieder gegenseitig und ihr seid fein raus mit eurer Bilanz. Ausserdem wäre es ein hervorragendes Signal an die Finanzmärkte.

Und so ist es dann auch geschehen. Urplötzlich und wie aus heiterem Himmel verkünden die Kreditinstitute, dass sie wieder Millarden - Gewinne verbucht haben. Wie diese im Einzelnen zustande gekommen sind, bleibt gleichwohl im Dunkeln.

Auch einem aufmerksamen Besucher von MMnews sind diese Luftschlösser aufgefallen. Denn solche Schönrechnungen sind im Bankengewerbe nichts Ungewöhnliches. Banken können Gewinne aus der Luft zaubern. Voraussetzung ist nur, dass alle mitspielen. Danach ist die Aktion so abgelaufen:

Tatsächlich gibt es diese Gewinne, und wenn benötigt auch längerfristig. Es ist sozusagen eine echte Wundertüte, denn die Banken nutzen einfach die Regelungen des US-GAAP für sich: Bank A, B und C haben jeder wertlose Papiere (Level 3 Assets, also Werte ohne Marktpreise) für angenommen nominal 100 Mrd in den Büchern. Bewertet sind diese mit aktuell 40 Mrd (40%), der Rest wurde schon abgeschrieben. Jetzt beginnt die wundersame Vermehrung:

Bank A verkauft an Bank B beispielsweise Papiere für nominal 10 Mrd für 10 Mrd (ja Bank B kauft noch mehr wertloses Zeug!)

Ist denn der Vorstand verrückt? Selbst die 40% "Marktwert" waren doch noch geschönt? Nun, Bank B verkauft selbst ja an Bank C Papiere im gleichen Stil und zu gleichen Konditionen.

Bank C wiederum an Bank A.

Warum das ganze? Nun jeder gewinnt! Denn plötzlich gibt es ja wieder einen "Markt" für solche Produkte. Und siehe da, die Marktpreise sind viel höher als die Buchwerte. Jede Bank macht also einen Gewinn von 6 Mrd und zusätzlich können die noch die Buchwerte wieder erhöhen (Abschreibungen auflösen). Letzteres ist aber leicht als Bilanzierungstrick erkennbar, der Handel untereinander aber ist nicht als Manipulation feststellen.


Zum Original-Beitrag (http://showthread.php3?p=1226519#post1226519)
...wenn es in den eigenen Reihen zu sehr stinkt - dann gibt es ja noch ein jenseits der Grenzen wo man die Peitsche rausholt :Prost :bad

15.03.2009, 10:12
Wenn nun die Schweiz, nachdem sie mittels einer nicht existenten Schwarzen Liste (huch!) genötigt wurde, ihre Gesetze zu ändern, sich gezwungen sähe, die bereits seit Jahrzehnten abgeschafften Nummernkonti quasi wieder einzuführen, so wäre mir das ein Lacher wert , obwohl ich diese Entwicklung nicht optimal finde. http://www.stock-channel.net/stockselect/stock-board/images/smilies/rolleyes.gif

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1226538#post1226538)
...es ist jammerschade, dass die CH Regierung so kurzsichtig gehandelt hat, jetzt so wie in der Vergangenheit - als einer der grössten Finanzplätze sollten doch ein paar strategisch-richtig-denkende-Köpfe den Weg bereitet haben :rolleyes der sich auch mit Gesetz und Neidern und vereinbaren lässt :o

15.03.2009, 10:50
Sat 14 Mar 2009

They Either Learned Nothing Or Everything (http://lolfed.com/2009/03/14/they-either-learned-nothing-or-everything/)

Posted by Jason under all ur bankz (http://lolfed.com/category/all-ur-bankz/) , fail (http://lolfed.com/category/fail/)


Thinking Andrew Cuomo too distracted to notice, AIG is paying out bonus money by the crapload (http://www.washingtonpost.com/wp-dyn/content/article/2009/03/14/AR2009031401394.html) this week even though…yeah, you know by now. Treasury Secretary Geithner did not think this was lol-worthy, and personally called AIG chief Edward Liddy to say as much.

Unaware that the newfangled telephone machine allows for two-way conversation, Liddy responded to Geithner via letter (no, really) telling him where he could stick his anger:
“We cannot attract and retain the best and brightest talent to lead and staff the AIG businesses — which are now being operated principally on behalf of the American taxpayers — if employees believe that their compensation is subject to continued and arbitrary adjustment by the U.S. treasury,” Liddy wrote.

Call me a cynic, but if AIG were already able to attract the best and brightest talent with its bonus structure, maybe the company wouldn’t be in the predicament it’s in now. No, I don’t mean to imply that AIG’s rank and file wear bicycle helmets all day long and spend their days coloring outside the lines; my populist outrage is as usual directed at company management - the top 50 of whom, I might add, were on track to receive an average bonus of $192,000 each. Yes, that bonus is for 2008, which leaves me wondering what kind of bonus they would have received in a year where they did not drive the company to the brink of insolvency and onto the public dole for an unprecedented and, before last September, utterly unfathomable amount of money. Surely such a jaw-dropping performance would have had to have been worth at least $193,000.

15.03.2009, 18:59
:kotzCheney Shrugs At Economic Crisis: Don't Blame Us (VIDEO) (http://www.huffingtonpost.com/2009/03/15/cheney-shrugs-at-economic_n_175055.html)

March 15, 2009 09:45 AM

WASHINGTON — Don't blame the Bush administration for all the country's economic problems.

That's the message from former Vice President Dick Cheney.

President Barack Obama constantly talks about the enormous economic troubles that he inherited when he took office in January. Cheney agrees that Obama did indeed came into power amid very difficult economic circumstances.

But Cheney says he doesn't think the Bush administration can be blamed for creating the economic woes. Cheney says it's a global financial problem. He says the idea that fault can assigned to the previous administration is "interesting rhetoric" but he doesn't think people care about that.

Cheney spoke on CNN's "State of the Union."

15.03.2009, 19:16
...und nochmal - endlich :rolleyes

http://www.timesonline.co.uk/multimedia/archive/00503/franco_503439a.jpg (http://www.timesonline.co.uk/tol/news/world/europe/article5912474.ece)

The end of El Caudillo: Spain to remove its last statue of General Franco (http://www.timesonline.co.uk/tol/news/world/europe/article5912474.ece)

16.03.2009, 08:57
White House Bracing For Populist Bailout Backlash (http://www.huffingtonpost.com/2009/03/15/obama-bracing-for-bailout_n_175161.html)

http://images.huffingtonpost.com/gen/69107/thumbs/r-BAILOUT-BACKLASH-huge.jpg (http://www.huffingtonpost.com/2009/03/15/obama-bracing-for-bailout_n_175161.html)

Disclosure That AIG Gave Out Millions In Bonuses Is Latest Episode "Feeding A Resurgence Of Public Anger" (http://www.huffingtonpost.com/2009/03/15/obama-bracing-for-bailout_n_175161.html)

MORE AIG FALLOUT: Bipartisan Outrage... Feingold Urges Administration To Pursue Legal Options To Stop Bonuses... Pelosi Calls Payouts "Unconscionable"... Says Congress Would Seek To "Recover Taxpayer Funds" Of Companies That Abuse The Bailout... (http://www.huffingtonpost.com/2009/03/15/pelosi-mcconnell-feingold_n_175131.html) McConnell: "It Is An Outrageous Situation"... (http://www.huffingtonpost.com/2009/03/15/aig-outrage-dominates-sun_n_175056.html) AIG Reveals More Than 2/3 Of Bailout Billions Went To Trading Partners Such As Goldman Sachs, Deutsche Bank... (http://online.wsj.com/article/SB123715965204435363.html) Robert Reich: The Real Scandal Of AIG (http://www.huffingtonpost.com/robert-reich/the-real-scandal-of-aig_b_175105.html)

Quick Read (http://www.huffingtonpost.com/2009/03/15/obama-bracing-for-bailout_n_175161.html) |
Comments (843) (http://www.huffingtonpost.com/2009/03/15/obama-bracing-for-bailout_n_175161.html)
....einer der vielen comments: Chillinout: Time for me to hop off of my soapbox and crawl into bed.

America is the only nation in history which miraculously has gone directly from barbarism to degeneration without the usual interval of civilization - Georges Clemenceau

Good night folks!

16.03.2009, 09:04
http://goldtent.net/wp_gold/wp-content/uploads/2009/03/indiatrain.jpg :eek:rolleyes

16.03.2009, 09:18
Jim Rogers more Bankruptcies to come !!!!


16.03.2009, 09:35

Netanjahu schließt Koalition mit Ultrarechten (http://www.spiegel.de/politik/ausland/0,1518,613467,00.html)

Das Koalitionsabkommen steht: Israels designierter Ministerpräsident Benjamin Netanjahu will mit der ultrarechten Partei von Avigdor Lieberman regieren :gomad - weitere Partner sollen in den nächsten Tagen folgen. Die EU und Palästinenser sind alarmiert. mehr... (http://www.spiegel.de/politik/ausland/0,1518,613467,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6586) ]

....wie soll es da jemals Frieden geben :confused:mad

16.03.2009, 09:45

Des Monsters Advokat (http://www.spiegel.de/panorama/justiz/0,1518,613459,00.html)

Er ist einer der berühmtesten Strafverteidiger Österreichs, sein aktueller Fall weltbekannt: Rudolf Mayer verteidigt Josef F. vor Gericht - und erhält deswegen Morddrohungen. Dabei, beteuert der Anwalt, sei sein Mandant ein "Familienmensch" - und treusorgender Vater. Aus Wien berichtet Julia Jüttner mehr... (http://www.spiegel.de/panorama/justiz/0,1518,613459,00.html)

...leider auch Zeitgeschehen :(

16.03.2009, 09:51
http://aka-cdn-ns.adtech.de/apps/124/Ad1934972St3Sz154Sq1853778V4Id2/trans_1x1.gif (http://ad.dc2.adtech.de/adlink%7C780%7C1658198%7C0%7C154%7CAdId=1934972;BnId=2;itime=193306911;nodecode=yes;link=)
http://www.tagesanzeiger.ch/images/logos/LogoGross.png (http://www.tagesanzeiger.ch/) Montag, 16. März 2009 | Letztes Update: 09:39 Uhr

Exklusiv: Schwarze Liste der OECD (http://www.tagesanzeiger.ch/schweiz/standard/Exklusiv-Schwarze-Liste-der-OECD/story/11841278)
http://files.newsnetz.ch/story/1/1/8/11841278/53/teaserbreit.jpg (http://www.tagesanzeiger.ch/schweiz/standard/Exklusiv-Schwarze-Liste-der-OECD/story/11841278) Zur Vorbereitung des G-20-Treffens schickte OECD-Generalsekretär Gurría dem englischen Schatzkanzler Darling einen Entwurf für die ominöse schwarze Liste der Steueroasen. Das Dokument liegt Tagesanzeiger.ch/Newsnetz exlusiv vor. Mehr... (http://www.tagesanzeiger.ch/schweiz/standard/Exklusiv-Schwarze-Liste-der-OECD/story/11841278)

Von Hubert Mooser.

Kampf gegen Schwarze Liste: Brown will der Schweiz helfen :rolleyes
Merz ist nach London geeilt um Brown zu treffen (http://www.tagesanzeiger.ch/schweiz/standard/Merz-ist-nach-London-geeilt-um-Brown-zu-treffen/story/18936161)
Verwirrspiel um eine (schwarze) Liste (http://www.tagesanzeiger.ch/schweiz/standard/Verwirrspiel-um-eine-schwarze-Liste/story/23856759)

16.03.2009, 09:51
http://goldtent.net/wp_gold/wp-content/uploads/2009/03/indiatrain.jpg :eek:rolleyes

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1226676#post1226676)
Moin@all, wow super Bild. Das war bestimmt in Indien. Lunar biste da mitgefahren?

16.03.2009, 10:11
Moin@all, wow super Bild. Das war bestimmt in Indien. Lunar biste da mitgefahren?

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1226691#post1226691)
...:no ich habe Höhenangst und Platzangst und hätte wohl auch sonst Angst in dieser Menge :rolleyes:o ...ja ist in Indien - ich habe es :supi erlebt, diese Anmut der Frauen in ihren farbenfrohen Saris auch wenn sie schwere Lasten auf ihren Köpfen schleppen oder bei der Feldarbeit oder auf dem Sozius - das ist einfach grossartig :) als Tourist habe ich natürlich die ganz elende Seite nicht gesehen - die Armut schon :rolleyes

16.03.2009, 10:25
...der Vollständigkeit halber - ich hab's noch nicht gehört :rolleyes

Bernanke 1/3: Bernanke had freedom to act, didn't need permission from Congress or president!


16.03.2009, 10:47
...eben das gesehen zu obigem Interview - merci :)

Das Interview mit Ben Bernanke
als Video und zum Lesen

paar Zitate zu den Banken und Bailouts
"...And Lehman proved that you cannot let a large internationally active firm fail in the middle of a financial crisis...."

"...Asked if it's tax money the Fed is spending, Bernanke said, "It's not tax money. The banks have accounts with the Fed, much the same way that you have an account in a commercial bank. So, to lend to a bank, we simply use the computer to mark up the size of the account that they have with the Fed. It's much more akin to printing money than it is to borrowing."

"You've been printing money?" Pelley asked.

"Well, effectively," Bernanke said. "And we need to do that, because our economy is very weak and inflation is very low. When the economy begins to recover, that will be the time that we need to unwind those programs, raise interest rates, reduce the money supply, and make sure that we have a recovery that does not involve inflation." ..."

"...You say it makes you angry?" Pelley asked.

"It makes me angry. I slammed the phone more than a few times on discussing AIG. I understand why the American people are angry. It's absolutely unfair that taxpayer dollars are going to prop up a company that made these terrible bets, that was operating out of the sight of regulators, but which we have no choice but the stabilize, or else risk enormous impact, not just in the financial system, but on the whole U.S. economy," Bernanke explained.

"...Asked if all the big banks the Fed regulates are solvent, Bernanke said, "I believe they are, yes. But we are doing a stress test right now, where we're looking at what the positions of the banks are under a tougher economic scenario than the one that we currently expect. And what we plan to do is to say how much capital would each bank need to be well capitalized. Not just solvent, but well capitalized, even in these more adverse scenarios."

"Are you committing in this interview, that you are not going to let any of these banks fail? That no matter what their balance sheet actually looks like, they are not gonna fail?" Pelley asked.

"They are not gonna fail," Bernanke said. "But what we can do, should it be necessary, is try to wind it down in a safe way."

Zum Original-Beitrag (http://showthread.php3?p=1226671#post1226671)

16.03.2009, 11:25
...so lange es noch solche Journalisten gibt :supi:verbeug ist die Welt noch nicht (ganz) verloren :cool

Last update - 00:59 15/03/2009
http://www.haaretz.com/hasen/images/0.gif http://www.haaretz.com/hasen/images/0.gif http://www.haaretz.com/hasen/images/0.gif http://www.haaretz.com/hasen/images/0.gif
Gideon Levy / Has anyone in Israel asked why the Swedes hate us?
By Gideon Levy (levy@haaretz.co.il) http://www.haaretz.com/hasen/images/0.gif Tags: gideon levy (http://www.haaretz.com/hasen/pages/tags/index.jhtml?tag=gideon+levy), anti-Semitism (http://www.haaretz.com/hasen/pages/tags/index.jhtml?tag=anti-Semitism) http://www.haaretz.com/hasen/images/tags/tag_arrow1.gif

......Now, as a new government is about to be formed, there is concern that Israel will pay a price in the international arena for its composition. Not to worry: Everything will be just dandy. The world will accept Benjamin Netanyahu as Israel's No. 1 statesman, Avigdor Lieberman as its No. 1 diplomat and Moshe Ya'alon as its No. 1 soldier. Lieberman's belligerent statements and the Israel Defense Forces' violent actions in the territories under former chief of staff Ya'alon will not present any obstacles. The world will accept them, too.

Furthermore, the growing concern that the new U.S. administration may be about to change the rules of the game vis-a-vis Israel could also prove to be unfounded: Barack Obama's new America has already pledged to clean up after Israel, as usual. The $900 million the administration has pledged to contribute to rebuild Gaza - without a word of criticism about who caused the destruction there, as if it were a natural disaster and not the work of an unrestrained army, particularly in light of America's current economic state - is a bad sign for anyone hoping for change. Israel wrecked Gaza with U.S. weapons, and America and Europe step in to fix things, not for the first time or for the last.

As the saying goes around here, what was is what will be: Israel will continue to destroy, and America will continue to mop up after it, without a word. A bad sign? Yes, for anyone who thinks that change will only come from the outside or, in other words, only from America......

.......Despite mounting criticism of Israel, Europe is still very cautious. With Europe's Holocaust guilt, its anxiety in the face of Islam and its readiness to blindly follow the United States anywhere, Israel still enjoys preferential status in the world. Very preferential.

But perhaps this will not always be the case. Perhaps the worse our actions become, the harsher the criticism will be. Meanwhile, two pointless wars in two years were not enough to achieve this. Maybe the time will indeed come when the world will get fed up with this aggression and violence of ours, which endanger world peace, and will say at long last: No more occupation, no more wars perpetrated by Israel for which the world has to pay. Perhaps when Israel's dream team of Netanyahu-Lieberman-Ya'alon faces the American dream team of Obama-Clinton, conservatives versus liberals, warmongers versus seekers of negotiation - something will happen then.....

full story: http://www.haaretz.com/hasen/spages/1070657.html

16.03.2009, 12:24
Zitat des Tages- aus Trader's Daily

Das Geld ist rar, die Kurse sinken,
Dagegen steigt der Preis der Schinken.
Fast jeden Morgen klagt die Mutter:
Ach, Herr, wie teuer ist die Butter!
Ja, selbst der Vater wird gerührt,
Wenn er sein kleines Brötchen schmiert.
Und doch, trotz dieser Seelenleiden,
Will keiner gern von hinnen scheiden.

- Wilhelm Busch (1832-1908)

16.03.2009, 15:22
...wie immer wenn :bad GS im Spiel ist - it stinks :mad

16 March 2009

AIG: A Scandal of Epic Proportion (http://jessescrossroadscafe.blogspot.com/2009/03/aig-scandal-of-epic-proportion.html)
"Goldman Sachs had said in the past that its exposure to A.I.G.’s financial trouble was 'immaterial'."Well, it appears it was immaterial because they had set things up so they could not lose.

It seems fairly obviously that a relatively small department within AIG, the Financial Products division, was operating under the regulatory radar and was used as a patsy by a number of the Wall Street banks, who had no worries about losses because of their power to obtain the US government as a backstop to losses.

This is a scandal of epic proportion. 'Outrage' barely manages to express the appropriate reaction.

Obama is an educated, intelligent President, and can hardly retreat behind the clueless buffoon defense used by so many CEO's and officials. He is directly responsible for this outcome now.

The honeymoon for the Obama Administration is over. Geithner and Summers should resign over their handling of AIG, and there should be no question that the Fed has no business regulating anything more complex than a checking account.

The difficulty with which we are faced is that despite their mugging for the camera and emotional words the Republicans are owned body and soul by Wall Street and Big Business.

Getting behind a third party for president is symbolic but ineffective. Giving a significant number of congressional seats to a third party will send a chilling and practical message to both the President and the Congress that enough is enough.

And in the meantime

Contact Your Elected Officials (http://www.usa.gov/Contact/Elected.shtml)

NY Times (http://www.nytimes.com/2009/03/16/business/16rescue.html?partner=rss&emc=rss)
A.I.G. Lists the Banks to Which It Paid Rescue Funds
March 16, 2009

Amid rising pressure from Congress and taxpayers, the American International Group on Sunday released the names of dozens of financial institutions that benefited from the Federal Reserve’s decision last fall to save the giant insurer from collapse with a huge rescue loan.

Financial companies that received multibillion-dollar payments owed by A.I.G. include

Goldman Sachs ($12.9 billion), (...yes indeed - immaterial :dumm)
Merrill Lynch ($6.8 billion),
Bank of America ($5.2 billion),
Citigroup ($2.3 billion) and
Wachovia ($1.5 billion).

Big foreign banks also received large sums from the rescue, including Société Générale of France and
Deutsche Bank of Germany, which each received nearly $12 billion;

Barclays of Britain ($8.5 billion); and
UBS of Switzerland ($5 billion).

A.I.G. also named the 20 largest states, starting with California, that stood to lose billions last fall because A.I.G. was holding money they had raised with bond sales......

Posted by Jesse at 8:56 AM (http://jessescrossroadscafe.blogspot.com/2009/03/aig-scandal-of-epic-proportion.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4750719432547411847) :verbeug

full story: http://jessescrossroadscafe.blogspot.com/2009/03/aig-scandal-of-epic-proportion.html

16.03.2009, 15:34
...und weiter mi dieser leidigen Geschichte :rolleyes

Mon 16 Mar 2009

Counterparties, Pants On Fire, Etc (http://lolfed.com/2009/03/16/counterparties-pants-on-fire-etc/)

Posted by alyx under goldman sachs (http://lolfed.com/category/goldman-sachs/)

:bad http://lolfed.com/wp-content/uploads/blankfein-wut.jpg

By now, you’ve already seen the list of AIG’s largest counterparties and are probably not surprised that there are several, mostly international, large beneficiaries-by-extension of the AIG bailout. Jason posted on the subject just below (http://lolfed.com/2009/03/16/not-expecting-this/), and also, if you haven’t seen it, I’m embedding the full breakdown at the end of the post.

Most interesting: Goldman Sachs. Do you remember when AIG melted down and there was rampant speculation that GS had huge exposure to the firm? (http://www.nytimes.com/2008/09/28/business/28melt.html?_r=1&em) FTAlphaville does. They also remember GS’ immediate denial thereof (http://ftalphaville.ft.com/):Goldman strenuously and very publicly denied the gist of the allegation. So aggressive was their rebuttal, in fact, that the wires even wrote up separate stories on it.

Here’s Reuters (http://www.reuters.com/article/newsOne/idUSTRE48R2Y820080928): Goldman Sachs Group Inc rejected as “seriously misleading” a published report on Sunday that said the Wall Street bank had as much as $20 billion of exposure to the troubled insurance giant American International Group Inc.

Lucas van Praag, a Goldman spokesman, on Sunday said the Times article was wrong to suggest that Goldman had reason to be concerned about AIG’s problems. ["The exposure...] is not material to Goldman Sachs in any way.”

van Praag goes on to indicate that the exposure is hedged, not that big, no big deal, the kind of thing that even your mom would be cool with, etc. And now we find out that GS got almost $13 billion in payments from AIG/AIGFP. Did they not know they had that much exposure or was their spokesman just talking out his ass? Whatever the case, we are glad we just gave GS $13 billion to offset exposure that wasn’t “material” to their operations “in any way.”

AIG Counterparties (http://www.scribd.com/doc/13309259/AIG-Counterparties)

3 Listen der Verteilung der Kohle ---> http://www.scribd.com/doc/13309259/AIG-Counterparties

16.03.2009, 19:37
...früher gab es mal Diplomaten - heute gibt es....na ja, lassen wir das :rolleyes

16. März 2009, 17:35, NZZ Online

Steinbrücks Aussagen haben diplomatische Folgen

Deutscher Botschafter wird ins Schweizer Aussendepartement zitiert

Der deutsche Finanzminister will von der Schweiz und Österreich Taten sehen. (Bild: Reuters)

Die Aussagen des deutschen Finanzministers Peer Steinbrück vom Wochenende haben Folgen für den deutschen Botschafter in der Schweiz. Er wird demnächst ins Eidgenössische Departement für auswärtige Angelegenheiten zitiert.

....und nochmals mit dem Video Herr Steinbrück vor dem Blümchenvorhang :Prost


16.03.2009, 23:11
Overseas Private Investors Sell US Financial Assets (http://jessescrossroadscafe.blogspot.com/2009/03/overseas-private-investors-sell-us.html)

http://2.bp.blogspot.com/_H2DePAZe2gA/Sb6avD5N_yI/AAAAAAAAIoo/e_1wviTz01s/s320/custodials.PNG (http://2.bp.blogspot.com/_H2DePAZe2gA/Sb6avD5N_yI/AAAAAAAAIoo/e_1wviTz01s/s1600-h/custodials.PNG)Non-US private investors fled dollar asset in January, while their central banks continued to buy.

"Monthly net TIC flows were negative $148.9 billion. Of this, net foreign private flows were negative $158.1 billion, and net foreign official flows were $9.2 billion."Foreign central banks continued to purchase Treasuries while shedding agency debt. This is largely in support of currency pegs for industrial policy and homage from client states like Saudi Arabia.

Treasury International Capital (TIC) Data for January

Washington —The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2009. The next release, which will report on data for February 2009, is scheduled for April 15, 2009.

Net foreign purchases of long-term securities were negative $43.0 billion.

Net foreign purchases of long-term U.S. securities were negative $18.8 billion. Of this, net purchases by private foreign investors were negative $10.2 billion, and net purchases by foreign official institutions were negative $8.5 billion.

U.S. residents purchased a net $24.2 billion of long-term foreign securities.
Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been negative $60.9 billion.

Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $30.9 billion. Foreign holdings of Treasury bills decreased $15.4 billion.

Banks’ own net dollar-denominated liabilities to foreign residents decreased $118.9 billion.

Monthly net TIC flows were negative $148.9 billion. Of this, net foreign private flows were negative $158.1 billion, and net foreign official flows were $9.2 billion.

Complete data is available on the Treasury website at www.treas.gov/tic (http://www.treas.gov/press/releases/tg57.htm).

Posted by Jesse at 2:13 PM (http://jessescrossroadscafe.blogspot.com/2009/03/overseas-private-investors-sell-us.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2000106416346630638) :verbeug

16.03.2009, 23:13
Mon 16 Mar 2009

Madoff Claims Another Victim (http://lolfed.com/2009/03/16/madoff-claims-another-victim/)

Posted by Jason under madoff (http://lolfed.com/category/madoff/)
[2] Comments (http://lolfed.com/2009/03/16/madoff-claims-another-victim/#comments)

This time it’s his poor, innocent, long-suffering wife, Ruth Madoff. Federal prosecutors moved to seize (http://dealbook.blogs.nytimes.com/2009/03/16/government-files-notice-seeking-madoff-assets/?hp) a whole bunch of property that just happened to be owned by Mrs. Madoff, not an employee of BernieCo, and whose assets were thought to be untouchable (unlike Bernie’s own asset, which is likely to be touched a lot).

Some of the property [...] is registered in Ruth Madoff’s name. She has not been charged with a crime and had no formal association with her husband’s business. But some of her actions — notably the withdrawal of $15.5 million from Cohmad days before her husband’s arrest and the mailing of more than $1 million of jewelry and watches — have brought harsh scrutiny.

Among the goodies sought to be snatched by the feds are a house in the Hamptons, a house in Palm Beach, a house in France, four boats, four cars, and a set of silverware. No joke, they are trying to take the silverware. The full filing can be found below.

16.03.2009, 23:17
Mon 16 Mar 2009

That’ll Fix Their Little Red Wagon (http://lolfed.com/2009/03/16/thatll-fix-their-little-red-wagon/)

Posted by alyx under Uncategorized (http://lolfed.com/category/uncategorized/)
[2] Comments (http://lolfed.com/2009/03/16/thatll-fix-their-little-red-wagon/#comments)

WSJ breaking news: The Treasury will use a $30 billion infusion into AIG to force the company to repay all of the bonuses promised to employees of its Financial Products group, a White House official said.

Edited, now that the text is available — how it works is not quite as bad as the headline (http://online.wsj.com/article/SB123721970101743003.html), since the $30bn in question had already been announced:

Monday afternoon, a White House official said the Treasury Department will use a planned $30 billion infusion into AIG to compel the company to repay the bonuses promised to employees of its financial-products group, which is responsible for selling the exotic financial instruments that brought the company to near-collapse.

The infusion, announced March 2, won’t be finalized until the company and the Treasury work up repayment options, the official said. The bonuses to the financial-products division were “found to be completely unacceptable given that AIG is already surviving on taxpayer funds,” the official said.

So we’re spending $30 billion to recover a couple hundred million. Hope everyone is enjoying their panem et circenses.

As Jason said to me when I told him I was banging my head against my desk, Obama instructed Geithner to pursue every legal avenue to get those bonuses back. Nobody said it actually had to make sense.


17.03.2009, 08:52
Deutsche Banken unterhalten «schwarze Konti» für Schweizer

Von Thomas Knellwolf. Aktualisiert um 07:30 Uhr

Geldinstitute in Süddeutschland machen exakt das, was deutsche Politiker dem schweizerischen Finanzplatz vorwerfen: Sie helfen Steuerhinterziehern.

Bei Banken in süddeutschen Grenzorten stammt jeder zweite bis dritte Kontoinhaber aus der Schweiz. Die Kundschaft mit dem roten Pass profitiert im Nachbarland nicht nur von den vergleichsweise hohen Zinsen und von der inexistenten Besteuerung schweizerischer Vermögen, sondern auch von der Beihilfe zur Steuerhinterziehung.

Konkret bieten die deutschen Grossbanken auswärtigen Anlegern mit unversteuertem Geld an, mehrere Konti zu führen. Dies zeigen fingierte Anfragen des TA in grenznahen Schalterhallen.

Die TA-Recherchen zeigen, dass deutsche Grossbanken ihrer Schweizer Kundschaft genau jenen widerrechtlichen Service anbieten, über den sich Politiker wie der deutsche Finanzminister Peer Steinbrück im umgekehrten Fall so empören.

Man spricht Schweizerdeutsch

Wie versteckt man illegales Geld am besten? Im vertraulichen Gespräch raten deutsche Banker potenziellen Schweizer Kunden gerne zu illegalen Lösungen.

Man spricht Schweizerdeutsch in der Lobby der Deutschen Bank. Zwei alte Damen, die schwer nach Geld riechen, nippen am Nespresso und parlieren in breitestem Basler Dialekt. Auch der Herr in den Fünfzigern im Outdoor-Gewand stammt von südlich des Rheins. Er drängelt am Empfangsschalter vor und wünscht, seinen Kundenberater zu sprechen. Wie gute Bekannte werden die drei kurz darauf einzeln von überaus freundlichen Bankangestellten begrüsst. Willkommen in Lörrach, willkommen in einer der zahlreichen deutschen Mini-Steueroasen zwischen Bodensee und Basler Rheinknie.

«Ein Drittel unserer Kundschaft stammt aus der Schweiz», verrät der Betreuer, als ich an der Reihe bin. Vielsagend fügt er hinzu: «Tendenz steigend.» Im Séparée hinter Milchglas erklärt er stolz, die Lörracher Filiale mache fast so viel Umsatz wie die Niederlassung im viermal grösseren Freiburg im Breisgau - «wegen der Schweizer».

«Kein Banküberfall, kein Drogengeld»

Mein Anliegen: Ich möchte gegen eine Million Franken aus der Schweiz in einen sicheren süddeutschen Hafen überweisen. Der Grossteil des Geldes - so die erfundene Geschichte - soll von einem Konto einer angeschlagenen Grossbank in Zürich nordwärts transferiert werden. Die restlichen 300'000 Franken lägen aus einer Erbschaft unversteuert und bar daheim. Mein Gegenüber blickt ernst und sagt: «Wir gehen grundsätzlich davon aus, dass unsere Kunden steuerehrlich sind.» Wichtiger sei jedoch, dass das Geld redlich verdient sei - «kein Banküberfall, kein Drogengeld, nichts aus der Prostitution».

Deshalb schlägt der Angestellte der grössten Bank Deutschlands vor, ein offizielles sowie ein inoffizielles Konto einzurichten. Beim einen würde die Korrespondenz in die Schweiz geschickt, beim anderen würde sie in der Bank lagern. Der Fiskus erfahre kein Sterbenswörtchen, versichert der Bankfachwirt: «Wir haben auch ein Bankgeheimnis.»

Ein paar Häuser weiter die Dresdner Bank, die ähnlich geschäftet. Auch sie behält auf Kundenwunsch die Post zurück - «gegen eine kleine Gebühr von 60 Euro im Jahr». Gibt es dort Hindernisse für unversteuertes Geld? «Aus meiner Warte nicht», sagt der Berater. «Wenn Sie sagen: Das ist eine Erbschaft, und das passt auch, dann ist das alles kein Problem.» Aber ist das Geld auch sicher? Theoretisch, erklärt der Berater, könnten die Schweizer Strafverfolger Rechtshilfe verlangen, aber: «Ich hatte noch nie einen Fall, in dem wir etwas rausgeben mussten.» Um auf Nummer sicher zu gehen, empfiehlt auch er, «ein schwarzes und ein weisses Konto: das eine postlagernd, das andere geht raus».

«Ich will einen Schweizerfranken-Betrag anlegen»

Bleibt das Transferproblem beim hinterzogenen Bargeld. Es gebe Kunden, führt der Berater aus, die zahlten 100'000 Franken Cash ein. Andere kämen oft mit kleineren Einzelbeträgen über die Grenze. Zollkontrollen seien zwar - anders als in der Gegenrichtung - selten. Trotzdem empfiehlt der Berater, zu stückeln und mehrmals vorbeizuschauen: «Wenn Sie mit Ihrer Partnerin kommen, dürfen Sie bis zu 20'000 Euro über die Grenze nehmen.»

Letzte Station in Lörrach ist die Citibank. «Ich will einen grösseren Schweizerfranken-Betrag anlegen», sage ich mit gedämpfter Stimme. Der Angestellte am Empfang fragt: «Sind es mehr oder weniger als 500 000 Euro?» Ich: «Knapp mehr.» Er schaut auf die Uhr: «Der zuständige Herr ist besetzt. Wir schliessen in einer Viertelstunde. Können Sie morgen wiederkommen?» Es ist 15.45 Uhr.

Nächster Versuch in Waldshut-Tiengen. Punkto Bankendichte macht die Bismarckstrasse der Zürcher Bahnhofstrasse Konkurrenz. Im Internet wirbt die Volksbank Hochrhein mit dem «Fränkli-Transfer». «Willkommen. Grüezi», steht an der Glastür, die sich nicht öffnet. Der Schalter bleibt am Mittwochnachmittag geschlossen. Deutscher Bankbeamter müsste man sein!

Nebenan in der Sparkasse wird allerdings noch gearbeitet. Für die Idee eines Schwarzgeld-Transfers lässt sich der Seniorberater aber nicht erwärmen. Er sieht keine Möglichkeit, Bargeld ohne genaue Herkunftsbeschreibung anzunehmen. Zuletzt rät er allerdings zur Überweisung via Schweizer «Korrespondenzbank» der Sparkasse Hochrhein: via Postfinance oder via Aargauische Kantonalbank.

Deutsche Warnung vor Deutschland

Und wie ist das Geschäftsgebaren rund 50 Kilometer weiter südlich? Auch im Zimmer «Eiger» der Deutschen Bank am Bahnhofquai 9/11 in Zürich empfiehlt der Private Banker mehrere Konti. Er rät jedoch davon ab, Geld über die Grenze zu verschieben: «Das ist eine Dummheit.» Schwarzwald-Schwarzgeld ist in seinen Augen «eine Naivität».

In der Schweiz genössen Bankkunden nach wie vor «Diskretion, Vertraulichkeit, Rechtssicherheit». Deutschland habe da keine Ahnung davon. (Tages-Anzeiger)

Erstellt: 16.03.2009, 23:34 Uhr


.....freundnachbarschaftliche Hilfe :xyz

17.03.2009, 09:43
....wenn man das ganze Bank-Theater so Revue passieren lässt - die/unsere CH-Politiker scheinen reichlich naiv (das ist sehr milde ausgedrückt :rolleyes) uninformiert, eingeschüchtert und ziemlich unterwürfig zu sein - man mag ihnen zugute halten, dass sie (mit wenigen Ausnahmen ;), nicht rüpelhaft sind :o

17.03.2009, 10:28
...das Steueroasen gequatsche unseres Steinbeissers hat im Prinzip nix gebracht ....ausser das das Geld für Europa verloren ist. Schon längst sind in der karibik oder auch anderswo offshorefirmen gegründet .... u. U. mit Treuhänder und das Geld in Richtung Karibik abgeflossen .....denkt der das so Fluchtgelder zurück kommen :kopf ......ein Land das ein anderes so erpresst bzw. das versucht hat doch das letzte Vertrauen gar verspielt. Es war ja schon bei den Entfernungspauschale zu sehen ,das Gesetze verabschiedet wurden die von vorn herein verfasungswidrig sind. Der Nachschlag kommt aber noch in 2010 ....da wird die Entfernungspauschale komplett abgeschafft.

Ganz im Gegenteil ...ich überlege mir momentan ersthaft D. früher zu verlassen als vorgesehen und meine ganze Kohle mittels offizieller Überweisung in die CH zu bringen. Den vor den Raubrittern ist keiner sicher....da kann er noch so unschuldig sein ....es läßt sich ja schließlich was konstruieren. Und was die mal am Kanthacken haben geben sie auch nicht mehr her.....hab ich schon mal erlebt ....da wirst du regelrecht erpresst.

Zum Original-Beitrag (http://showthread.php3?p=1226978#post1226978)
....ob der Zug im Kamin des Herrn Steunbrück in die falsche Richtung geht :confused:rolleyes:o
ich befürchte nur es wird immer mehr in einen total kontrollierten Staat übergehen :rolleyes:mad das war doch auch schon mal :(

17.03.2009, 10:43
Grassley on AIG execs: Quit or suicide :eek

By MARTIN KADY II (http://www.politico.com/reporters/MartinKadyII.html) | 3/16/09 8:01 PM EDT

Sen. Charles Grassley is so angry over AIG bonuses that he says the executives should resign or kill themselves.

In a comment aired this afternoon on WMT, an Iowa radio station, Grassley (R-Iowa) said: “The first thing that would make me feel a little bit better towards them if they’d follow the Japanese model and come before the American people and take that deep bow and say I’m sorry, and then either do one of two things — resign, or go commit suicide.” .....

......Rep. Phil Hare (D-Ill.) went for a play on words, saying: “Clearly, the ‘G’ in AIG stands for greed. It is outrageous that taxpayers are subsidizing bonuses as much as $6.5 million at a time when working families are struggling to make ends meet.”......

full story: http://www.politico.com/news/stories/0309/20083.html

Charles Ernest "Chuck" Grassley ist ein republikanischer (http://de.wikipedia.org/wiki/Republikanische_Partei_%28Vereinigte_Staaten%29) US-Senator (http://de.wikipedia.org/wiki/Senat_der_Vereinigten_Staaten) aus Iowa (http://de.wikipedia.org/wiki/Iowa).

....hier noch ein Kommentar von Jesse dazu :rolleyes

17 March 2009

Senator Grassley: Throw AIG to the Wolves (and Ignore Us) (http://jessescrossroadscafe.blogspot.com/2009/03/senator-grassley-throw-them-to-wolves.html)
"You can fool some of the people all of the time, and all of the people some of the time,
but you can not fool all of the people all of the time."
Abraham LincolnBut you can bloody well try.

Senator Grassley is a ranking member of the Senate Finance Committe. As such, he presided over a decade of erosion of safeguards and balance in our financial system.

He is also a member of a political party and a government that had the lead in ruining our country, undermining the Constitution, and allowing financial racketeers like AIG to flourish.

The fellows at AIG are indeed amoral pigs, and they make no pretentions to be otherwise, whereas Chuck Grassley and his ilk are venal hypocrites who are attempting to deflect attention from their own significant role in the current financial crisis, and a disastrous foreign policy conducted under false pretenses for the enrichment of private interests and corporations.

Those who take his pious pronouncements seriously are born to be shorn, over and over, again and again.

Posted by Jesse at 11:16 AM (http://jessescrossroadscafe.blogspot.com/2009/03/senator-grassley-throw-them-to-wolves.html) http://www.blogger.com/img/icon18_email.gif :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=3732106083275044)

17.03.2009, 14:13

17.03.2009, 17:33
Mon 16 Mar 2009

The Hits Just Keep On Coming (http://lolfed.com/2009/03/16/the-hits-just-keep-on-coming/)

Posted by Jason under bandit (http://lolfed.com/category/all-ur-bankz/bandit/) , fail (http://lolfed.com/category/fail/)


Just for everyone’s edification, Bandit raked in a total of $10.8m last year (http://www.marketwatch.com/news/story/citigroups-pandit-earned-108-million/story.aspx?guid=%7BD2B51095-2A92-44B1-BA85-87A391B5376B%7D&dist=msr_2), for all his hard work in making Citi the biggest bank in the world.

Tue 17 Mar 2009

He IS A Bandit, After All (http://lolfed.com/2009/03/17/he-is-a-bandit-after-all/)

Posted by Jason under bandit (http://lolfed.com/category/all-ur-bankz/bandit/) , fail (http://lolfed.com/category/fail/)
[5] Comments (http://lolfed.com/2009/03/17/he-is-a-bandit-after-all/#comments)

The funniest thing of all about Bandit’s 2008 compensation being revealed as $10.8m (http://lolfed.com/2009/03/16/the-hits-just-keep-on-coming/) wasn’t the amount of money a person can make for failing as a CEO. It’s not even that he originally was slated to rake in $40m (http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20090316/FREE/903169979/1051) before the company’s stock tanked, losing the kind of money that would drive most of us to suicide. It’s that he lied to Congress (http://www.huffingtonpost.com/2009/03/16/pandit-1-payment-is-more_n_175397.html) about his 2008 compensation last month, claiming to have only been paid his salary, which was just under $1m. Whoops.

No, the testimony was not under oath, so hopes of seeing him tossed in jail with actual bandits, for perjury, are dashed right from the get-go. But this won’t do him any favors personally with the House Financial Services Committee, to whom he lied.


....wo das Auge blickt - nichts als Saubermänner :Prost ...äääh wollte sagen Doppelmoral :o hmmmm...bin ganz verwirrt :entlein

17.03.2009, 19:01
17 March 2009

Teabagging the Congress (http://jessescrossroadscafe.blogspot.com/2009/03/teabagging-congress.html)

http://4.bp.blogspot.com/_H2DePAZe2gA/Sb_QM-zDHvI/AAAAAAAAIp4/gWLx5hdBN1I/s320/328760.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/Sb_QM-zDHvI/AAAAAAAAIp4/gWLx5hdBN1I/s1600-h/328760.jpg)You are probably already aware of this 'tea party' idea making the rounds.

What is remarkable to me is that I received this email today from one of the most conservative, pro-business people that I can imagine, who STILL won't admit that the George W. Bush administration was a disaster for our economy.

But it appears that the full spectrum of the public is angry, very angry, and the Democrats led by Obama are setting themselves up as the lightning rod to receive it.

Send a teabag if you wish. Personally I would make some tea with it first. Why waste? I am not sharing my Typhoo with anyone.

It is good, though, to do something if you are angry. Symbolic protests are a good first step. But what will get the attention of these power players will be something with a monetary impact, such as a major boycott, or a move away from the dollar and into non-financial assets.

The paid help may be fearful, but the ringleaders are drunk with power. They have been at this for some years now.

It has been some time since I have seen ordinary people so generally angry and disgusted by the US national government. Certainly not since the Nixon Administration. Something will have to give if the current course does not change.

Bailout Anger Creates Peril for Both Parties - MarketWatch (http://www.marketwatch.com/news/story/bailout-anger-creates-perilous-times/story.aspx?guid=%7BE9A7B5F7%2DC084%2D4032%2D8DCA%2D2FE3BA26B76B%7D&siteid=nwhfriend)

Tea Party - Please mark your Calendars

A tea party, what a wonderful idea, I just wish it had been mine. I have a feeling that USPS is going to have a lot of tea to contend with, after all it only costs 42 cents to send a message, hopefully heard round the world!!!

So please mark your Calendars

There's a storm abrewin'. What happens when good, responsible people keep quiet?

Washington has forgotten they work for us. We don't work for them. Throwing good money after bad is NOT the answer.

I am sick of the midnight, closed door sessions to come up with a plan. I am sick of Congress raking CEO's over the coals while they, themselves, have defaulted on their taxes.

http://2.bp.blogspot.com/_H2DePAZe2gA/Sb_QeP4MrCI/AAAAAAAAIqI/Obg3VfHzveg/s320/3242645836_5e1b0c7617_b.jpg (http://2.bp.blogspot.com/_H2DePAZe2gA/Sb_QeP4MrCI/AAAAAAAAIqI/Obg3VfHzveg/s1600-h/3242645836_5e1b0c7617_b.jpg)I am sick of the bailed out companies having lavish vacations and retreats on my dollar. I am sick of being told it is MY responsibility to rescue people that, knowingly, bought more house than they could afford. I am sick of being made to feel it is my patriotic duty to pay MORE taxes.

I, like all of you, am a responsible citizen. I pay my taxes. I live on a budget and I don't ask someone else to carry the burden for poor decisions I may make. I have emailed my congressmen and senators asking them to NOT vote for the stimulus package as it was written without reading it first. No one listened. They voted for it, pork and all.

O..K. folks, here it is. You may think you are just one voice and what you think won't make a difference. Well, yes it will and YES, WE CAN!!

If you are disgusted and angry with the way Washington is handling our taxes. If you are fearful of the fallout from the reckless spending of BILLIONS to bailout and "stimulate" without accountability and responsibility then we need to become ONE, LOUD VOICE THAT CAN BE HEARD FROM EVERY CITY, TOWN, SUBURB AND HOME IN AMERICA.

There is a growing protest to demand that Congress, the President and his cabinet LISTEN to us, the American Citizens. What is being done in Washington is NOT the way to handle the economic free fall.

So, here's the plan. On April 1, 2009, all Americans are asked to send a TEABAG to Washington , D.C. You do not have to enclose a note or any other information unless you so desire. Just a TEABAG.

Many cities are organizing protests. If you simply search, "New American Tea Party", several sites will come up. If you aren't the 'protester' type, simply make your one voice heard with a TEABAG. Your one voice will become a roar when joined with millions of others that feel the same way. Yes, something needs to be done but the lack of confidence as shown by the steady decline in the stock market speaks volumes.

http://2.bp.blogspot.com/_H2DePAZe2gA/Sb_Q73NpQFI/AAAAAAAAIqQ/l5LJfFU840g/s200/teabag_used.jpg (http://2.bp.blogspot.com/_H2DePAZe2gA/Sb_Q73NpQFI/AAAAAAAAIqQ/l5LJfFU840g/s1600-h/teabag_used.jpg)This was not my idea. I visited the sites of the 'New American Tea Party' and an online survey showed over 90% of thousands said they would send the teabag on April 1. Why, April 1?? We want them to reach Washington by April 15. Will you do it? I will. Send it to; 1600 Pennsylvania Ave. Washington , D.C. 20500 ..

Visit the website below for more information about the 'New American Tea Party'. I would encourage everyone to go ahead and get the envelope ready to mail, then just drop it in the mail April 1.

Can't guarantee what the postage will be by then, it is going up as we speak, but have your envelope ready. What will this cost you? A little time and a 40 something cent stamp.

What could you receive in benefits? Maybe, just maybe, our elected officials will start to listen to the people. Take out the Pork. Tell us how the money is being spent. We want TRANSPARENCY AND ACCOUNTABILITY. Remember, the money will be spent over the next 4-5 years. It is not too late.

Of course, if you agree with the way things are being done now, just delete this e-mail !!!!!

Posted by Jesse at 12:16 PM (http://jessescrossroadscafe.blogspot.com/2009/03/teabagging-congress.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=9088980974136037118)--:verbeug

18.03.2009, 09:20
:gruebel syr wäre jetzt gar nicht einverstanden :schwitz aber ich setz den Artikel trotzdem mal rein - jeder muss eh selber entscheiden wie - wo - was :rolleyes

Conspiracists Push 'Bilderberger' Theory

AOL - posted: 2 DAYS 10 HOURS AGO

The latest one contends that many top officials in Obama's administration are involved in a clandestine global cabal bent on creating a one-world government that supersedes the United States.
For decades, conspiracy theorists have viewed the Bilderberg group, an international organization made up of political, financial, academic and military heavyweights that comes together annually to discuss world affairs, as similar to the Trilateral Commission (http://www.trilateral.org/) or the Council on Foreign Relations (http://www.cfr.org/) -- two groups comprised of influential movers and shakers who, some say, control world events from behind the scenes.
And now, some in the Obama administration who have taken part in Bilderberg conferences in the past are gaining attention for their alleged involvement in a secret bid for worldwide domination.

full story: http://news.aol.com/article/bilderberger-conspiracy/382953

18.03.2009, 09:54
17 March 2009

The Obama Team's Economic Performance Is Pathetic (http://jessescrossroadscafe.blogspot.com/2009/03/obama-administration-financial-teams.html)

http://1.bp.blogspot.com/_H2DePAZe2gA/ScBdYTBlLAI/AAAAAAAAIrI/S3Fxac9JUO0/s400/LarryPetain.JPG (http://1.bp.blogspot.com/_H2DePAZe2gA/ScBdYTBlLAI/AAAAAAAAIrI/S3Fxac9JUO0/s1600-h/LarryPetain.JPG)Wouldn't it be nice if one day the Obama Administration came up with a change, an innovative reform for the financial system that made us sit back and say, "Wow, that's great! That's exactly what we have been looking for."

So far it has been one misstep, one fumble, one tired old Henny Youngman routine after another. The Clinton Administration retread meets the road, and falls apart.

Things went badly beginning with the appointment of Larry Summers as key economic advisor.

Larry was one of the three man miracle team of Greenspan, Rubin and Summers that turned the Asian monetary crisis into the tech bubble after a smoke and mirrors economic recovery while the industrial base of the US continued to slide into the Pacific.

We have seen nothing that speaks of the promise that we felt when America said "enough" and voted for a change in the fall of 2008.

And after the Summers disappointment we received the the Rubin protege, Tim Geithner, with the thinnest of financial backgrounds, who while at the NY Fed helped to help transform the housing bubble collapse into the bailout bust.

His position at Treasury is such an obvious, glaring mismatch that he cannot even staff key jobs in his own department. Who would want to work under such an obvious, embarrassing failure?

This is not a poor performance. This is an abject, incompetent inability to address the most critical issue facing this country.

This is Obama's Iraq: a morass of crippling failure brought on by horrible advice from key advisors with their own agendas.

President Obama throws rhetoric at the problem from a distance, like he is still campaigning against something. He leaves the impression of a more articulate Bush, inspiring no lasting confidence, giving no impression that he is in charge, on top of the situation, in control with a well thought out plan. He can make you feel good while he is speaking, then reality sets in and you realize that there is nothing there. Where are the management skills to back up the rhetoric?

Don't get us wrong. This is still early in the game. But the Democrats are losing the early rounds, as the situation grows more dire.

http://1.bp.blogspot.com/_H2DePAZe2gA/ScBfYaklEJI/AAAAAAAAIrY/39GMdupVFEA/s200/timothy_geithner.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/ScBfYaklEJI/AAAAAAAAIrY/39GMdupVFEA/s1600-h/timothy_geithner.jpg) Well, Mr. Obama, you are President now, and even though you have only a short time in the office, so far you have shown us nothing. Your shepherding of a stimulus bill through the Congress was a nightmare, made worse by Nancy Pelosi who is a mediocre House Speaker at best, but appears a dynamo in comparison to Majority Leader Harry Reid.

Tired old solutions, inbred beltway thinking, old boy insider dealing.

Embarrassing. Unworthy. Amateurish. Pathetic.

You are failing, and we see it, and the anger, and sense of quiet panic, is building.

Time to get serious, to get it together. Time to step up to the job and take command. Time to show us your best stuff, find the levers, roll up your sleeves, and step down from the pulpit.

Posted by Jesse at 9:31 PM (http://jessescrossroadscafe.blogspot.com/2009/03/obama-administration-financial-teams.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1402239627716423448) :verbeug

....sehr ungern muss ich mir selber sagen - aber zur Zeit steht es wirklich ziemlich schitter mit dem yes we can :( aber wenn man auf so ausgelutschte Berater setzt :rolleyes:(

18.03.2009, 10:30
....irgendwie rutscht das Ganze in eine nur noch teure Schmierenkommödie ab :mad

PROVISION TO REIN IN AIG BONUSES WAS STRIPPED IN SECRET (http://www.huffingtonpost.com/2009/03/17/wyden-my-bill-could-have_n_176084.html)

http://images.huffingtonpost.com/gen/69552/thumbs/r-AIG-AND-CONGRESS-huge.jpg (http://www.huffingtonpost.com/2009/03/17/wyden-my-bill-could-have_n_176084.html)

WHO DID IT? (http://www.huffingtonpost.com/2009/03/17/wyden-my-bill-could-have_n_176084.html)

AIG CEO To Testify On Capitol Hill Wednesday... (http://www.nytimes.com/2009/03/18/business/18bailout.html?partner=rss&emc=rss) White House: Obama Didn't Learn About AIG Bonuses Until Last Thursday... Geithner Two Days Before That... (http://www.washingtonpost.com/wp-dyn/content/article/2009/03/17/AR2009031703780_pf.html) NY Atty General Cuomo: AIG Paid Multi-Million-Dollar Bonuses To 73 Employees (http://www.huffingtonpost.com/2009/03/17/cuomo-reveals-details-of_n_175865.html)
AIG BIG NEWS PAGE (http://www.huffingtonpost.com/news/aig-bailout)

Quick Read (http://www.huffingtonpost.com/2009/03/17/wyden-my-bill-could-have_n_176084.html) |
Comments (2273) (http://www.huffingtonpost.com/2009/03/17/wyden-my-bill-could-have_n_176084.html)

18.03.2009, 10:34

Papst empört Kritiker mit Kondom-Verbot (http://www.spiegel.de/panorama/gesellschaft/0,1518,613964,00.html)

"Kondome verschlimmern das Aids-Problem" - mit dieser lebensfernen Botschaft sorgt Papst Benedikt XVI. für Verwunderung und Entrüstung. "Wir brauchen Kondome, um uns zu schützen", belehren ihn Kritiker zum Auftakt seiner Afrika-Reise. mehr... (http://www.spiegel.de/panorama/gesellschaft/0,1518,613964,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6601) ]


18.03.2009, 12:33
USA spielen möglicherweise böses Spiel

Josef Ackermann (http://www.wiwo.de/unternehmer-maerkte/koepfe-der-wirtschaft/josef-ackermann-209/) kann sich nun natürlich drüber freuen, dass er statt deutscher Staatshilfen nun indirekt amerikanische Gelder erhält. Doch dieses Spiel ist brandgefährlich.

Das Rückkauf-Verhalten von AIG gibt einem Gerücht Nahrung, die sich seit Wochen in Finanzkreisen hält. Demnach sollen die Amerikaner angeblich versuchen, ihre eigenen Banken so rasch als möglich aus dem CDS-Schlamassel zu befreien. Sobald sie das erreicht haben, wollen sie AIG angeblich endgültig in die Pleite schicken.

Für Europas Banken wäre das ein Schlag, den sie nur schwer verkraften könnten. Denn wenn AIG Pleite geht, müssten sie ihre gesamten CDS-Kontrakte abschreiben. Das würde die Deutsche Bank in eine lebensbedrohliche Schieflage bringen.


....heute früh schrieb ich Maßnhamen der nächsten Monate ..... ich denke nach dem Artikel sollte man Wochen schreiben. :rolleyes

Zum Original-Beitrag (http://showthread.php3?p=1227287#post1227287)
....passt zur Schmierenkommödie :o Lehmann liess man ja auch pleite gehen mit den meisten "Verpflichtungen" im Ausland :o

18.03.2009, 14:30
Dems Fuming Over White House Plan To Make Vets Pay For Service Injuries (http://www.huffingtonpost.com/2009/03/17/dems-fuming-over-white-ho_n_176006.html)

http://images.huffingtonpost.com/gen/69514/thumbs/s-VETS-large.jpg (http://www.huffingtonpost.com/2009/03/17/dems-fuming-over-white-ho_n_176006.html)

Democrats in Congress are organizing to squash a White House proposal that would require veterans to use private insurance to pay for treatment of their combat and service-related injuries.

In a letter being sent to the White House, a group of House Democrats, led by Rep. Glenn Nye (D-VA), warned that such a proposal "could harm our veterans and their families in unintended, yet very serious ways, jeopardizing their families' health care and even negatively affecting veterans' employment opportunities."

"While we strongly support your plans to increase funding for the VA by $25 billion over the next five years," the letter reads, "it is with equal conviction that we oppose the proposal to bill veterans' private health insurance plans for care and treatment of service-connected injuries or disabilities."

Rep. Ann Kirkpatrick (D-Ariz.) is leading a similar effort in coordination with Nye. Her letter is even more forcefully worded, calling the White House proposal "deeply troubling" and charging that it "ignores the mission of the VA."......

.......Veterans groups say they're concerned that the Obama proposal could ultimately lead to the privatization of health care for returning soldiers, and note that third-party billing for war-related injuries could result in ballooning insurance costs.

While giving the administration the benefit of the doubt that they may dismiss the proposal, Jon Soltz, executive director of VoteVets, nevertheless offered preemptive disappointment......

.....für das soll dann zu wenig Geld da sein :gomad:gomad:gomad

18.03.2009, 15:37
cherry wird langsam Ehrengast im scary ;) aber es brauen sich schon scary Szenarien zusammen :rolleyes

EAB N°33 is available! Growing Transatlantic tensions on the eve of the G20 summit: An illustration of Wall Street’s and the City’s attempt to destabilize the EU banking system and the Euro

- Public announcement (March 16, 2009) -


According to LEAP/E2020, there are only two options left for the G20 leaders who gather next April 2nd in London: either they rebuild a new international monetary system, creating the conditions for a new global system that involves all the main global players, and reducing the crisis to a maximum of 3 to 5 years; or they strive to prolong the current system, thrusting the world into a decade long tragic crisis starting at the end of 2009.

http://www.leap2020.eu/GEAB-N-33-is-available!-Growing-Transatlantic-tensions-on-the-eve-of-the-G20-summit-An-illustration-of-Wall-Street-s-and_a2940.html (http://www.leap2020.eu/GEAB-N-33-is-available%21-Growing-Transatlantic-tensions-on-the-eve-of-the-G20-summit-An-illustration-of-Wall-Street-s-and_a2940.html)

.....würde ja gut zu dem Spiel mit AIG passen :rolleyes

Zum Original-Beitrag (http://showthread.php3?p=1227331#post1227331)

18.03.2009, 17:09

Im Schattenreich der US-Folterknäste (http://www.spiegel.de/politik/ausland/0,1518,613941,00.html)

Prügel, Schlafentzug, Waterboarding: Ein geheimes Rot-Kreuz-Dossier dokumentiert ausführlich, wie Terrorverdächtige in CIA-Geheimgefängnissen systematisch gefoltert wurden. Ein Reporter hat die Aussagen der Betroffenen nun öffentlich gemacht. Horrorberichte aus dem Schattenreich der Geheimdienste. Von Marc Pitzke, New York mehr... (http://www.spiegel.de/politik/ausland/0,1518,613941,00.html) [ Forum (http://forum.spiegel.de/showthread.php?t=6607) ]


18.03.2009, 18:57
...es scheint im alten Trott weiter zu gehen :rolleyes

Brokers Recalling Loaned Shares in Citi (http://jessescrossroadscafe.blogspot.com/2009/03/brokers-recalling-loaned-shares-in-citi.html)

Since this morning Bloomberg reports that major brokerages have been calling in the loaned shares that have been used for legitimate short sales in Citigroup.

This in part explains the rally in Citi today, as the shortsellers cover their positions ahead of a 2:30 PM deadline today by which they must return the borrowed shares.

It does seem rather calculated, particularly its conjunction with the Federal Reserve announcement.

We have not seen this in the general news, just on the Bloomberg TV analyst reporting.

There is the implication that this is a calculated market operation being conducting among big traders and the major brokerage houses who hold the shares for borrowing from customer accounts. Marketwatch seems to imply that this is being precipitated by 'the authorities.'

Nice timing to help bolster the financials after the FOMC announcement. This has the Larry Summers/Robert Rubin touch.

It would be a good thing indeed if the Obama Adminstration did something meaningful to curb naked short selling and enforce the existing regulations. But if they are doing so for only their favorite companies, then this is not market regulation, it is crony capitalism and insider trading.

Seeking Alpha (http://seekingalpha.com/article/126643-wednesday-options-update-dri-java-gs-bk-slm-c?source=yahoo)

Citigroup Inc. – Shares are being squeezed once again today and the company has a valuation some 23% higher today with shares stretching above $3.00.

Intrigue continues in the June 5.0 strike options where arbitrageurs are using conversion plays that typically land a credit to take advantage of the squeeze. The volume in that line has more than 150,000 contracts trading both sides today with puts bought and calls sold when investors can position long of the stock.

Earlier in the week rumors did the rounds that the authorities might be on the hunt for hard-to-borrow stock certificates in select financial names.

This in itself has created a surge at AIG and Citigroup as desperate short-sellers try to cover their positions. The conversion trade could be established earlier in the week for a credit of 20 cents, but given the near-panic buying in the stock has shifted to a 1.10 cost to traders.

Posted by Jesse at 12:26 PM (http://jessescrossroadscafe.blogspot.com/2009/03/brokers-recalling-loaned-shares-in-citi.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4584073806156863944) :verbeug

18.03.2009, 19:23

18 March 2009

The Hypocrisy of Barack Obama, Tim Geithner, Henry Paulson, and Christopher Dodd? (http://jessescrossroadscafe.blogspot.com/2009/03/hypocrisy-of-barack-obama-and.html)

This issue of the AIG bonuses raises concerns about conflicts of interest since the Financial Products Division of AIG was a large contributor to both President Obama and Senator Dodd.

It also gives fuel to the speculation that the retnention bonuses being paid to the AIG executives, some of whom have already left, are 'hush money' over the details of the payments of enormous sums of bailout money to politically connected businesses such as Goldman Sachs, who are also substantial contributors to both parties.

True or not, the failure of the Treasury Department to execute in this matter is alarming, and the lack of transparency by the Obama administration and the Democratic leadership is discouraging, if not appalling.

McCauley's World (http://mcauleysworld.wordpress.com/2009/03/17/aig-bonus-backlash-politicians-fake-indignation/)

Senator Christopher Dodd’s office recently announced that, “Democratic Sen. Chris Dodd, chairman of the Senate banking committee, demanded a full briefing from the Federal Reserve and the Treasury on why clauses weren’t attached to the four various AIG bailouts to halt bonuses.”

Yet the Senator well knows that while the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to that very bill. The provision, now called “the Dodd Amendment” by the Obama Administration, provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” — which exempts the very AIG bonuses Dodd and others are now seeking to tax.
http://www.foxbusiness.com/story/markets/industries/finance/dodd-cracks-aig—time/ (http://www.foxbusiness.com/story/markets/industries/finance/dodd-cracks-aig%E2%80%94time/)

Obama & Dodd Were Friend’s Of AIG Before AIG Was Their Enemy

Obama may be grandstanding about AIG’s bonuses now, but it’s worth noting that Obama himself is the second biggest benefactor of AIG political contributions. Second only to Senator Chris Dodd, who is quietly trying to tip-toe away from legislation he inserted into Obama’s “stimulus” spending spree that protected AIG’s bonuses.
http://www.kxmb.com/News/Nation/346030.aspKey Congressman tried to alert Treasury about the AIG bonus issue "six or seven times" in the past weeks.

Kanjorski: Treasury and Administration Knew of AIG Bonuses for Weeks (http://news.aol.com/political-machine/2009/03/18/kanjorski-video-bonus-issue-known-for-weeks/)

Edward Liddy is the government appointed Chairman of AIG during its bailout phase.
Edward M. Liddy is currently the chief executive officer of American International Group (AIG), where he succeeded Robert B. Willumstad in September, 2008. Upon taking the position of CEO at American International Group, Mr. Liddy had to resign his board position at Goldman Sachs.This September meeting was the key decision point on bailing out AIG. As we have reported earlier, the ONLY non-official present was Lloyd Blankfein, the Chairman of Goldman Sachs, a major counterparty at risk with the AIG Financial Products Division.

And lastly, we ought not to overlook The Real AIG Scandal - Slate (http://www.slate.com/id/2213942/)

Posted by Jesse at 12:54 PM (http://jessescrossroadscafe.blogspot.com/2009/03/hypocrisy-of-barack-obama-and.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=4495173980141125383) :verbeug

18.03.2009, 21:56
Wed 18 Mar 2009

What’s Big And Bloated And Growing Exponentially? (http://lolfed.com/2009/03/18/whats-big-and-bloated-and-growing-exponentially/)

Posted by alyx under bernanke (http://lolfed.com/category/bernanke/)


I mean, what’s growing exponentially OTHER than the national debt, Jessica Simpson’s waistline and the quantity of feathers and tar being ordered for Ed Liddy. Why, it’s the Fed’s balance sheet!

To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion. Moreover, to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months.

Emphasis mine, to help you do the math. It adds up to something that starts with a T but that I don’t really want to think about. Yeah, hope you weren’t short any T-bills today :: peeks at spike in TLT, shudders

18.03.2009, 22:03
The Fed's Decision: PRINT (http://jessescrossroadscafe.blogspot.com/2009/03/feds-decision.html)

http://3.bp.blogspot.com/_H2DePAZe2gA/ScFKZoIdHAI/AAAAAAAAIsA/-EyJxECevDQ/s320/WheelbarrowBen.JPG (http://3.bp.blogspot.com/_H2DePAZe2gA/ScFKZoIdHAI/AAAAAAAAIsA/-EyJxECevDQ/s1600-h/WheelbarrowBen.JPG) To net today's FOMC statement for you, the Fed today made an aggressive commitment to monetary expansion today in the expansion of its balance sheet to support the financial system.

What was particularly repugnant was the co-ordinated actions in the market ahead of this announcement. This included a major bear raid on the precious metals, and the panic-covering of the financial shares before the official announcement. The cure of the crisis ought not to be an occasion for looting, fraud, deception, and personal enrichments by insiders who in many cases caused the problems which are facing today.

The US government is engaging in the same artificial tactics that lead to the tech bubble and the housing bubble. They are artificial because they are not accompanied by systemic change and meaningful reform. We are shooting the patient with morphine so they can go back to work without treating the disease.

The next phase of this financial credit crisis may be take down the US Bond and the dollar. That is what is known as a financial heart attack.

http://4.bp.blogspot.com/_H2DePAZe2gA/ScFB2ZDPjqI/AAAAAAAAIro/Vq3bZYqJWMQ/s320/benlaw.JPG (http://4.bp.blogspot.com/_H2DePAZe2gA/ScFB2ZDPjqI/AAAAAAAAIro/Vq3bZYqJWMQ/s1600-h/benlaw.JPG) Release Date: March 18, 2009
FOMC Statement

For immediate release

Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract.

Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession.

Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.

In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stability in the longer term.

In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability.

http://1.bp.blogspot.com/_H2DePAZe2gA/ScFQ9btQOII/AAAAAAAAIsI/LGQj--qHdoE/s320/HelicopterMoney.jpg (http://1.bp.blogspot.com/_H2DePAZe2gA/ScFQ9btQOII/AAAAAAAAIsI/LGQj--qHdoE/s1600-h/HelicopterMoney.jpg) The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.

To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these
securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion.

Moreover, to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months.

The Federal Reserve has launched the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses and anticipates that the range of eligible collateral for this facility is likely to be expanded to include other financial assets. The Committee will continue to carefully monitor the size and composition of the Federal Reserve's balance sheet in light of evolving financial and economic developments

Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Donald L. Kohn; Jeffrey M. Lacker; Dennis P. Lockhart; Daniel K. Tarullo; Kevin M. Warsh; and Janet L. Yellen.

Posted by Jesse at 2:23 PM (http://jessescrossroadscafe.blogspot.com/2009/03/feds-decision.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=264974576241984786) :verbeug

18.03.2009, 22:41
In The News Today – Critical Updates On Today’s Market Action (http://jsmineset.com/index.php/2009/03/18/in-the-news-today-critical-updates-on-todays-market-action/)

Posted: Mar 18 2009 By: Jim Sinclair Post Edited: March 18, 2009 at 4:38 pm
Dear CIGAs,

I would honestly suggest with today’s action this young man make his total $36,000,000 by the time he is 11. (

Jim Sinclair’s Commentary

Mugabe is the Chairman of the Federal Reserve.

What a horrible mistake this is! Now you can count on Confetti Money.

Now you know how truly horrible the OTC derivative meltdown is. What a mess the main manufacturer and distributor of this toxic paper, the USA, is in

There is no practical solution to this problem so ignore the ignoramuses on the Comex. Use the Comex to buy every time the ignoramuses raid and sell the short squeeze if you must trade.

19.03.2009, 09:39
...kleiner Lichtblick :)


New Mexico schafft Todesstrafe ab (http://www.spiegel.de/panorama/gesellschaft/0,1518,614167,00.html)

Die Hinrichtungsgegner in den USA feiern einen wichtigen Erfolg. New Mexico hat die Todesstrafe abgeschafft, als zweiter Staat nach der Wiederzulassung durch das Oberste Gericht 1976. Gouverneur Richardson begründete den Schritt mit seinem Gewissen - und der Fehlbarkeit der Justiz. mehr... (http://www.spiegel.de/panorama/gesellschaft/0,1518,614167,00.html)

19.03.2009, 09:51
WHOSE SIDE ARE THEY ON? (http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031804210.html?hpid=topnews&sid=ST2009031801503)
Fed Failed To Tell Obama About AIG Bonuses (http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031804210.html?hpid=topnews&sid=ST2009031801503)

http://images.huffingtonpost.com/gen/69800/thumbs/r-FED-SPLASH-huge.jpg (http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031804210.html?hpid=topnews&sid=ST2009031801503)

Dodd: Treasury Insisted On Weakening Bonus Provision... (http://www.huffingtonpost.com/arianna-huffington/a-disturbing-dc-whodunit_b_176456.html) AIG CEO Liddy: Some Employees Have Agreed To Return Bonus Money... (http://www.huffingtonpost.com/2009/03/18/aigs-liddy-testifies-on-c_n_176235.html) Obama On AIG Bonuses: "I'll Take Responsibility"... (http://online.wsj.com/article/SB123742582093579655.html?mod=article-outset-box) House Planning To Vote Thursday On Taxing AIG Bonuses (http://www.huffingtonpost.com/2009/03/18/house-will-vote-thursday_n_176504.html)
AIG BIG NEWS PAGE (http://www.huffingtonpost.com/news/aig-bailout)

.....One source familiar with the discussions said the company had provided details about the bonuses to senior Treasury officials at least a month ago. A Treasury spokesman said last night that was not true.

Democrats and Republicans in Congress are increasingly questioning how Geithner could not have known about the bonuses, given his past role in AIG's bailout, which has totaled more than $170 billion.

"I'm sick and tired of hearing the administration and the Secretary of the Treasury say, 'I just found out about it,' " Rep. Paul E. Kanjorski (D-Pa.) said yesterday......

Filz bleibt Filz :mad...ob Obama doch etwas zu blauäugig ist :rolleyes:confused

Quick Read (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html) |
Comments (1092) (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html)

....ich dachte Huff sei toleranter als andere Zeitungen :confused:rolleyes

- (http://javascript%3Cb%3E%3C/b%3E:void%280%29) + (http://javascript%3Cb%3E%3C/b%3E:void%280%29) http://www.huffingtonpost.com/images/comments/new_icon.gif Malachi3 See Profile (http://www.huffingtonpost.com/users/profile/Malachi3) I'm a Fan of Malachi3 (http://www.huffingtonpost.com/users/becomeFan.php?of=Malachi3) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html?show_comment_id=22104141#comment_22104141)
Why would you delete my comment that the Fed is not part of government but privately owned and run. Is it that most people do not know this?

Reply (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html#) Favorite (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html#) Flag as abusive (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html#) Posted 03:51 AM on 03/19/2009
- (http://javascript%3Cb%3E%3C/b%3E:void%280%29) + (http://javascript%3Cb%3E%3C/b%3E:void%280%29) http://www.huffingtonpost.com/images/comments/new_icon.gif JustAHumanOnEarth See Profile (http://www.huffingtonpost.com/users/profile/JustAHumanOnEarth) I'm a Fan of JustAHumanOnEarth (http://www.huffingtonpost.com/users/becomeFan.php?of=JustAHumanOnEarth) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html?show_comment_id=22104239#comment_22104239)
Because factual free speach isn't free on HuffPost. You would be suprised in how many posts are censored. As long as the sheeple will tolerate it they will do it....Huffpost consorship is just the tip of the censorship iceberg that is yet to come.

Reply (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html#) Favorite (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html#) Flag as abusive (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html#) Posted 04:40 AM on 03/19/2009
- (http://javascript%3Cb%3E%3C/b%3E:void%280%29) + (http://javascript%3Cb%3E%3C/b%3E:void%280%29) http://www.huffingtonpost.com/images/comments/new_icon.gif McChimp See Profile (http://www.huffingtonpost.com/users/profile/McChimp) I'm a Fan of McChimp (http://www.huffingtonpost.com/users/becomeFan.php?of=McChimp) I'm a fan of this user permalink (http://www.huffingtonpost.com/2009/03/18/fed-failed-to-tell-obama_n_176677.html?show_comment_id=22104234#comment_22104234)
The tin foil hatted maroons like Carolab refuse to accept that fact and would rather dwell on their conspiracy theories about how the Fed is out to get them.

19.03.2009, 10:17
Accounting Brothel Opens Doors for Banker Fiesta
Commentary by Jonathan Weil

March 19 (Bloomberg) -- The banks demanded that the accountants give them leeway in how they report losses to investors. The accountants responded by giving away their souls.

This week, the Financial Accounting Standards Board unveiled what may be the dumbest, most bankrupt proposal (http://www.fasb.org/action/sbd031609.shtml) in its 36-year history. If it stands, the FASB ought to change its name to the Fraudulent Accounting Standards Board. It’s that bad.......

Desperate Bankers

These are the earnings we get when the people who write accounting standards give in to desperate bankers. And it’s no mystery why the three FASB members who voted for this -- Leslie Seidman (http://search.bloomberg.com/search?q=Leslie%0ASeidman&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1), Lawrence Smith (http://search.bloomberg.com/search?q=Lawrence+Smith&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) and Chairman Robert Herz (http://search.bloomberg.com/search?q=Robert+Herz&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1) -- did so. (The two who opposed it were Tom Linsmeier ( and Marc Siegel (

Investor Protection

There is something investors can do to protect themselves: Ignore net income and start focusing on the real bottom line, a term called comprehensive income (http://blog.accountingcoach.com/net-income-comprehensive-income/), which is found on a company’s statement of shareholder equity. General Electric Co., for example, reported $17.4 billion of net income (http://bloomberg.com/apps/quote?ticker=GE%3AUS) for 2008 -- and a comprehensive loss of $12.8 billion.

For years, the FASB has used comprehensive income as a dumping ground for losses that it has decided are too politically radioactive to be included on the income statement. These include changes in the values of corporate pension plans, foreign currencies, certain derivative instruments, and securities classified as available for sale. That’s why investors should stop giving credence to net income......

full story: http://bloomberg.com/apps/news?pid=20601039&sid=aGdxdLHUVGrs&refer=columnist_weil

...wie da die Anleger über den Tisch gezogen werden :bad ob sich Obama wohl mal wünschen wird, dass er nie Präsident geworden geworden wäre :confused:rolleyes diesen Stall ausmisten scheint ein Ding der Unmöglichkeit zu sein - Totalschaden programmiert :confused:rolleyes

19.03.2009, 10:45


Großbritannien erhebt Migranten-Steuer

Von Carsten Volkery (carsten_volkery@spiegel.de), London

Die Arbeitslosenzahl in Großbritannien hat die Zwei-Millionen-Marke überschritten, viele Bürger suchen die Schuld bei den Einwanderern. Die Brown-Regierung fürchtet einen Aufschwung der rechten BNP-Partei. Daher verschärft sie die Rhetorik gegen Einwanderer - und erhebt eine Migranten-Steuer....

ganzer Artikel: http://www.spiegel.de/politik/ausland/0,1518,614058,00.html

"Der Markt wird sich selbst korrigieren." :gruebel ....das hat doch schon mal jemand gedacht/erhofft :rolleyes war wohl nix :o

19.03.2009, 10:54
International: 19. März 2009, 09:33
Spanien will eine Million Kondome nach Afrika liefern (http://www.nzz.ch/nachrichten/international/spanien_kondome_1.2222925.html)

Nach den Äusserungen des Papstes in Afrika (http://www.nzz.ch/nachrichten/international/spanien_kondome_1.2222925.html)

Den Äusserungen von Papst Benedikt XVI. gegen den Gebrauch von Kondomen zum Schutz vor Aids setzt Spanien eine Lieferung von einer Million Präservative nach Afrika entgegen. Kondome hätten sich «als notwendiger Bestandteil der Präventionspolitik» erwiesen (http://www.nzz.ch/nachrichten/international/spanien_kondome_1.2222925.html) ...http://www.nzz.ch/static-images/headline_topic_more.gif (http://www.nzz.ch/nachrichten/international/spanien_kondome_1.2222925.html)

;) ausgerechnet das katholische Spanien :supi

.....hatte der Papst gesagt, das Aids-Problem lasse sich nicht «durch die Verteilung von Kondomen regeln». Ihre Benutzung verschlimmere vielmehr das Problem..... :dumm :kopf

19.03.2009, 14:21
Citigroup Said to Commit $10 Million for New Executive Suite
By Erik Schatzker

March 19 (Bloomberg) -- Citigroup Inc. (http://www.bloomberg.com/apps/quote?ticker=C%3AUS) plans to spend about $10 million on new offices for Chief Executive Officer Vikram Pandit (http://search.bloomberg.com/search?q=Vikram%0APandit&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3Cimg%20src=%22images/smilies/biggrin.gif%22%20border=%220%22%20alt=%22%22%20title=%22Breit%20grinsen%22%20smilieid=%22113%22%20class=%22inlineimg%22%20/%3E:S:d1) and his lieutenants, after the U.S. government injected $45 billion of cash into the bank.

Affidavits filed with New York’s Department of Buildings show Citigroup (http://www.bloomberg.com/apps/quote?ticker=C%3AUS) expects to pay at least $3.2 million for basic construction such as wall removal, plumbing and fire safety. By the time architect’s fees and expenses such as furniture are added, the tally for the offices at the bank’s Park Avenue headquarters will be at least three times as high, according to a person familiar with the project who declined to be identified because he’s not authorized to comment. Citigroup said the project will help it save money over time.

Pandit, criticized by lawmakers over Citigroup’s use of U.S. bailout capital, canceled an order for a company jet in January and told Congress on Feb. 11 that, “I get the new reality and I’ll make sure Citi gets it as well.” Of the biggest U.S. banks that received federal aid, only Citigroup has turned to the government three times for rescue. The company, once the biggest U.S. bank by assets and market value (http://www.bloomberg.com/apps/quote?ticker=C%3AUS), has agreed to limit perks and restrict executive pay.

“In this environment, it absolutely sends the wrong message,” said Charles Elson (http://search.bloomberg.com/search?q=Charles+Elson&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date%3Cimg%20src=%22images/smilies/biggrin.gif%22%20border=%220%22%20alt=%22%22%20title=%22Breit%20grinsen%22%20smilieid=%22113%22%20class=%22inlineimg%22%20/%3E:S:d1), director of the Weinberg Center for Corporate Governance at the University of Delaware, referring to the office renovations. “Timing in life is everything.”

Citigroup said in a statement that the construction is part of a global space-saving initiative.......:rolleyes

full story: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adLGVE_YzvUU

space-saving initiative = noch mehr Ausgaben :dumm ob diese Leute nie am Boden landen :confused:rolleyes

19.03.2009, 15:16
...noch ein Kommentar von Jesse zu oben :cool

19 March 2009

Citigroup: Keeping Up With the Goldmans (http://jessescrossroadscafe.blogspot.com/2009/03/citigroup-keeping-up-with-goldmans.html)

http://4.bp.blogspot.com/_H2DePAZe2gA/ScJReFcTvgI/AAAAAAAAIso/b-VN4JM9xg8/s400/ScottXerxes.jpg (http://4.bp.blogspot.com/_H2DePAZe2gA/ScJReFcTvgI/AAAAAAAAIso/b-VN4JM9xg8/s1600-h/ScottXerxes.jpg) What is ironic is that these stories of Citi extravagance are probably being leaked by other equally extravagant Wall Street players with big Credit Defaut Swap and short positions on Citi, hoping it breaks back down so they can get their own $10 million dollar offices.

The financial system is broken. The banks must be restrained. Speculation is no substitute for real production.

Posted by Jesse at 9:42 AM (http://jessescrossroadscafe.blogspot.com/2009/03/citigroup-keeping-up-with-goldmans.html) http://www.blogger.com/img/icon18_email.gif :verbeug (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1057583963576084826)

19.03.2009, 16:52


Wir sind alle Indianer

Ein Kommentar von Thomas Darnstädt (Thomas_Darnst%C3%A4dt@spiegel.de)

Finanzminister Steinbrück zieht gegen internationale Steuerparadiese zu Felde. Und auch in Deutschland darf der Fiskus nach dem Urteil des Bundesfinanzhofs Konten und Depots ohne konkreten Verdacht prüfen - keine guten Nachrichten für den Rechtsstaat.....

DP Steuerfahndung: Pfeifen auf Rechtsstaat :rolleyes

......Selbst bei der Jagd auf Kinderschänder, der Abwehr des schlimmsten aller denkbaren Verbrechen, muss der Staat Grenzen des Persönlichkeitsschutzes einhalten, zu denen nach der Rechtsprechung des Bundesverfassungsgerichts auch der rechtsstaatliche Umgang mit persönlichen Daten gehört. Zumindest aber müssen konkrete Anhaltspunkte bestehen, dass jemand wirklich ein Verbrechen begangen hat oder begehen will. Es hat aber - nicht nur in Deutschland - Tradition, dass im Bereich des Fiskus der Rechtsstaat nur unter Vorbehalt gilt. Das liegt daran, dass der Fiskus älter ist als der Rechtsstaat. Und dabei ist die Idee, die sich sogar in den Saloons des Wilden Westens eines Tages durchgesetzt hat, niemals in den Finanzministerien angekommen: dass niemand, schon gar nicht, wenn es um sein Geld geht, Ermittler und Richter in eigener Sache sein kann.

ganzer Artikel: http://www.spiegel.de/wirtschaft/0,1518,614230,00.html

....mal schaun wo das hinführt - direkt ins Paradies von den Saubermännern :confused:rolleyes:gruebel :Prost

na ja - jedenfalls habe ich andere Vorstellungen vom Paradies :o

:) http://www.meisterwerke-online.de/jan-bruegel/original0441/das-paradies.jpg

19.03.2009, 17:13
meiner Ansicht nach sollte man seine fälligen Steuern bezahlen :cool.
...aber das ist es was mir aufstösst - es werden sich wohl etliche Saubermänner einen Sport draus machen den lieben Nachbarn zu verpfeifen - ob zu Recht oder Unrecht - und diese Zeiten möchte ich nicht mehr erleben :( die waren nämlich schon mal :rolleyes


Zitat von country_yokel http://www.spiegel.de/static/forum/images/buttons/viewpost.gif (http://forum.spiegel.de/showthread.php?p=3507187#post3507187)
Ist eigentlich das Recht auf Steuerbetrug Bestandteil des Grundgesetzes?

blowup (http://forum.spiegel.de/member.php?u=44674) - Benutzer

http://www.spiegel.de/static/forum/images/icons/icon1.gif einfach mal lesen
"Kontrollmitteilungen an das Finanzamt über einzelne Kunden seien bei einer auffälligen Geschäftsentwicklung aber erlaubt, "die dazu verlockt, solche Einkünfte dem Finanzamt zu verschweigen", hieß es in dem BFH-Urteil weiter."

Ich zumindest habe nichts gegen die Verfolgung und Bestrafung von Steuerbetrug. Haben Sie immer noch nicht verstanden, worum es geht? Dann lesen Sie obiges Zitat doch mal ganz langsam.

Immer noch nicht verstanden? Dann mal mit Phantasie und ein paar Vergleichen. Sie haben sich einen Porsche gekauft. Jetzt geht erst mal vorsorglich eine Meldung zur Polizei, weil sie das verlocken könnte, zu schnell zu fahren. Oder: Sie leihen sich in der Videothek ein SEx-Video mit junden Models aus. Kontollmitteilung. Das könnte Sie "verlocken" sich vielleicht illegal Videos mit noch jüngeren, minderjährigen Darstellern zu besorgen. Oder: Sie haben im Internet ein Finanzportal mit (legalen) Steuerspartipps aufgerufen. KOntrollmitteilung. Könnte Sie ja auch zu illegalen Handlungen "verlocken".

Verstehen Sie jetzt? Wenn der Staat sich das Recht zu Überprüfungen herausnimmt, weil einen irgendwas zu irgendwas "verlocken" könnte - dann ist das das Ende des Rechtsstaates.

19.03.2009, 17:32
19 March 2009

The Decline of the Dollar as the World's Reserve Currency (http://jessescrossroadscafe.blogspot.com/2009/03/decline-of-dollar-as-worlds-reserve.html)

The arrogant belief that you are the 'only game in town,' and indispensable, provokes reckless behaviour that takes advantage of such a belief with abusive excess.

The time for the dollar to fall from its reserve currency status is coming precisely because of the years of reckless deficit spending beginning with the Reagan Administration.

This is also a model for the Wall Street moneycenter banks, who have abused their position in the financial system egregiously since the repeal of Glass-Steagall.

The likely result of this long cycle of reckless speculation and arrogance was forecast here in 2005.

Forecast 2005: The Humpty Dumpty Economy
Jesse's Café Américain

The current trend in the United States economy is not sustainable. This is a
realization that will penetrate the national consciousness slowly and unevenly.
Most economists agree on how this cycle will end (even if it is only privately), but
the great debate is in the details of how, and most importantly, when.......

........Two of the seals, Demand and Systemic Failure, have been broken, and the horsemen unleashed. Next comes Monetary, and then Supply, which is a Pale Horse.

There is still time to end this cycle of death.

http://2.bp.blogspot.com/_H2DePAZe2gA/ScJuUT1kdwI/AAAAAAAAIsw/Wwvo8u-eeAI/s400/palehorseinvert.JPG (http://2.bp.blogspot.com/_H2DePAZe2gA/ScJuUT1kdwI/AAAAAAAAIsw/Wwvo8u-eeAI/s1600-h/palehorseinvert.JPG)

U.N. panel says world should ditch dollar
By Jeremy Gaunt, European Investment Correspondent
Wed Mar 18, 2009 11:16am EDT

LUXEMBOURG (Reuters) - A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.

Currency specialist Avinash Persaud, a member of the panel of experts, told a Reuters Funds Summit in Luxembourg that the proposal was to create something like the old Ecu, or European currency unit, that was a hard-traded, weighted basket.

Persaud, chairman of consultants Intelligence Capital and a former currency chief at JPMorgan, said the recommendation would be one of a number delivered to the United Nations on March 25 by the U.N. Commission of Experts on International Financial Reform.

"It is a good moment to move to a shared reserve currency," he said.......

full story: http://jessescrossroadscafe.blogspot.com/2009/03/decline-of-dollar-as-worlds-reserve.html

19.03.2009, 23:25
Thu 19 Mar 2009

One Way Or Another (http://lolfed.com/2009/03/19/one-way-or-another/)

Posted by alyx under bailout (http://lolfed.com/category/bailout/)
[8] Comments (http://lolfed.com/2009/03/19/one-way-or-another/#comments)


House passes controversial, possibly unconstitutional, but full-of-lulz bill (http://online.wsj.com/article/SB123745823318182841.html)that gives two middle fingers to AIG, Fannie, Freddie and your other favorite TARP recipients:
Democrats rushed a bill to the House floor on Thursday to levy a 90% tax on bonuses paid to employees with family incomes above $250,000 at companies that have received at least $5 billion in government bailout money.

The Senate bill is much broader than the House version — taxing bonuses at any company that received federal assistance, not just the largest ones. It would tax bonuses at 70%, split evenly between the company paying the bonus and the employee receiving it.

Nothing makes for better theatrics than a good old-fashioned bill of attainder! It’s really unfortunate that no one thought to make these kinds of provisions BEFORE giving these companies billions of dollars, instead of AFTER, but maybe I am just being all highfalutin with my 20/20 hindsight over here. But really, is a Constitutional solution to this problem too much to ask?

20.03.2009, 09:56
The President's Message to the Iranian People


20.03.2009, 10:05
«Eines Ministers nicht würdig»

Von Hannes Nussbaumer, Sascha Buchbinder und Fredy Wettstein. Aktualisiert um 08:20 Uhr

Die Wildwest-Rhetorik des deutschen Finanzministers Peer Steinbrück stösst in der Schweiz auf Empörung. Zwölf deutsche Staatsangehörige äussern sich zum verbalen Ausrutscher.

Michael Hagner, Professor für Wissenschaftsgeschichte, Träger des Sigmund-Freud-Preises, Zürich

Lieber Herr Steinbrück,

in diesen Tagen ist es keine schöne Aufgabe, Finanzminister zu sein und das Debakel, das, nun ja, nicht zuletzt auch deutsche Bankmanager, Investoren und Wirtschaftsleute mit angerichtet haben, zu verwalten. Da ist es nur zu verständlich, dass irgendwann das Kind im Manne hervorkommt und man sich an die seligen Zeiten erinnert, als man noch mit seinen Freunden Cowboy und Indianer spielen durfte. Wenn ich Sie richtig verstehe, haben Sie sich damals vor allem auf Seiten der Kavallerie aufgehalten und den Indianern ordentlich eingeschenkt, was ich doch etwas unsportlich finde. Wir zumindest haben die Rollen immer mal gewechselt, vielleicht weil wir intuitiv geahnt haben, dass man sowohl die Rolle des Gewinners als auch die des Verlierers durchspielen muss, um sich auf das vorzubereiten, was später im Leben noch kommt. Und irgendwann haben wir es mit den Spielen gelassen und übrigens auch mit diesen Vergleichen, die vor lauter historischem Trümmerbruch nicht einmal mehr hinken.

Insofern wäre es vielleicht nicht schlecht, wenn Sie noch ein paarmal den Indianer machen, nur mit Ihren Freunden, versteht sich. Und dann dürfen Sie auch wieder zur Kavallerie. Ganz in der Nähe meiner Zürcher Wohnung befindet sich ein hübscher Reiterhof. Vielleicht kann ich da für Sie ein paar Reitstunden organisieren, ich übernehme auch gern die Kosten. Denn wo kämen wir hin, wenn die Kavallerie tatsächlich einmal ausreiten würde, und Sie müssten zu Hause bleiben, weil Sie nicht reiten können?

Herzliche Grüsse, Ihr Michael Hagner

Ernst Mohr, Rektor Universität St. Gallen

Ich ärgere mich gleich zweimal, erstens wegen Minister Steinbrücks Art. Zweitens, weil ich mich überhaupt ärgere. Als Alemanne ist mir seine verletzende Art zutiefst zuwider. Allerdings sollte sich auch Steinbrück selbst gleich zweimal über sich ärgern. Erstens, weil jeder Deutsche, der in die Schweiz auswandert, der Schweiz mindestens 20 000 Franken zusätzliche Steuereinnahmen bringt. Das gibt bei 3000 Auswanderern pro Monat in 10 Jahren 7 Milliarden Franken, die dem Herrn Minister fehlen - und er kann nichts dagegen tun. Und zweitens weiss er, dass er wegen seiner Art nicht einmal in Deutschland Bundeskanzler werden kann.

Horst Petermann, Spitzenkoch, Küsnacht

Was Steinbrück gesagt hat, ist eines Ministers nicht würdig. Das hat nichts mit Diplomatie zu tun. Die Kanzlerin sollte sich entschuldigen. Warum wandern denn so viele Deutsche in die Schweiz aus? Weil Deutschland ein Steuersystem hat, das den Mittelstand gnadenlos ausnimmt. Hier liegt das wirkliche Problem.

Als ich 1965 in die Schweiz kam, begegneten die Schweizer den Deutschen kühl und distanziert. Heute ist die Stimmung viel besser, doch wenn Steinbrück so weitermacht, wird sie wieder kühl. Das wäre schlimm. Und passt so überhaupt nicht in unsere globalisierte Zeit.

Klaus J. Stöhlker, PR-Berater, Zollikon

Wer Peer Steinbrücks hohle Rhetorik gegen die Schweiz ernst nimmt, ist selber schuld. Offensichtlich war dies im Bundesrat der Fall. Als im Kern grundanständiges Volk, das sich urban nennt, es aber bei weitem nicht ist, weil unsere Wurzeln kantonal-ländlich sind, hat uns der preussische Tonfall des deutschen Sozis zutiefst erschreckt. Die Empörung, welche unsere Politiker zeigten, war identisch mit derjenigen von Kindern, die den Kasper vor der bösen Hexe warnen.

Die deutsche Grossmannssucht aus dem politischen Stall von Alt-Kanzler Gerhard Schröder, dem auch Peer Steinbrück entstammt, ist bedrückend. Die deutschen Sozialdemokraten müssen heute beweisen, dass sie ihren Staat im Rahmen der Grossen Koalition mit der CDU führen können. Weil ihnen dies in Deutschland kaum jemand glaubt - schliesslich haben die Staatsschulden ein Mass angenommen, das letztlich untragbar ist -, nehmen sie wieder den militärischen Tonfall an, den man seit Friedrich Ebert gewohnt ist. Unsere Politiker müssen lernen, bei solchem Lärm den Kopf nicht einzuziehen.

Manfred Güllner, Geschäftsführer des Umfrageinstituts Forsa, Berlin

Peer Steinbrück wird von den Deutschen relativ positiv eingeschätzt. Allerdings wird er nicht als ökonomisch kompetenter Retter in der Krise gesehen, sondern er gilt als Finanztechnokrat und Adlatus der CDU-Bundeskanzlerin Angela Merkel. Noch immer wissen mehr als 40 Prozent der SPD-Anhänger nicht einmal, dass Steinbrück seit 2005 Vize-Vorsitzender der SPD ist.

Was den Steuerstreit mit der Schweiz angeht, so ist die Reaktion der Deutschen gespalten. Einerseits befürworten sie grundsätzlich, wenn jemand für mehr Steuergerechtigkeit eintritt. Andererseits haben die Menschen gelernt, dass in den letzten Jahren zwar viele Versuche zur Steuervereinfachung angekündigt wurden, dass aber danach nie etwas passiert ist.

Ausserdem geniesst die Schweiz in Deutschland sehr hohes Ansehen. Die Ausfälle von Herrn Steinbrück gegen die Schweiz kann deshalb niemand nachvollziehen. Steinbrück redet eine merkwürdige Sprache, die ihm keine Sympathien bringt. Wenn das als Wahlkampfthema verwendet werden soll, sage ich: Das wird nicht funktionieren. Das haben wir schon bei den Themen «Heuschrecken» und Mindestlöhne gesehen: Selbst wenn die Menschen das Anliegen zu 80 Prozent für richtig halten, erkennen sie trotzdem, wenn etwas bloss Wahlkampf ist, und glauben nicht an die Durchsetzbarkeit. Die Deutschen wollen mehr Steuergerechtigkeit, sie wollen keine Schlupflöcher für Reiche, aber sie wollen nicht, dass die Schweiz bedroht wird. Wahltaktisch gesehen ist Steinbrücks Vorgehen viel zu kurz gedacht.

Volker Hesse, Regisseur, Zürich

Ich mag eigentlich Politiker, die nicht nur aus Vorsicht und Bedenklichkeit bestehen. Drastische Bilder, witzige Zuspitzungen, einprägsame Formeln sind für die politische Verständigung wichtig. Steinbrücks «Kavallerie», mit der er die Schweizer «Indianer» schrecken will, ist leider voll danebengegangen. Sein Spruch ist rüde, frech, in seiner geschichtlichen Assoziation fatal. Da müssen wir uns halt doch an Merkels Langweiligkeit oder an Steinmeiers Diplomatengrau oder an Merz’ harmoniebedürftige Unentschiedenheit halten.

Stig Förster, Professor für Neueste Geschichte, Bern

Wen oder was reitet Herr Steinbrück? Offenbar sind die Pferde mit ihm durchgegangen. Man kennt ihn eigentlich als durchaus kompetenten, wenn auch etwas raubeinigen Politiker. Und jetzt diese undiplomatische Entgleisung? Kaum glaubhaft, dass das eine Panne war. Er legt ja weiter nach. Die Kanzlerin hat ihm im Deutschen Bundestag noch sekundiert. Sein Parteichef, Franz Müntefering, bedauert sogar, dass man keine Soldaten mehr schicken könne. Anscheinend ist nun der Punkt erreicht, an welchem in Deutschland nach der Wiedervereinigung wieder Grossmachtfantasien offen zur Schau getragen werden. Die Weltwirtschaftskrise und der bevorstehende Wahlkampf dürften hierbei als Auslöser dienen. Dabei schaden diese Auftritte nur der Sache. Es ist Wasser auf die Mühlen jener politischen Kräfte in der Schweiz, die das Bankgeheimnis gerne zu einer Frage der nationalen Ehre hochstilisieren würden, um von den unappetitlichen Seiten des Finanzplatzes abzulenken. Bei all dem fühlt man sich aber als Deutscher in der Schweiz ausgesprochen unwohl. Wir sind ja hier ohnehin nicht besonders beliebt. Wenn es dann aus Berlin ertönt wie zu Zeiten Kaiser Wilhelms II., dann sollte man sich vielleicht doch hier einbürgern lassen, um Distanz zu schaffen.

Michael Schindhelm, Theaterdirektor, Kulturmanager, Autor, Ponte Cremenaga, Dubai

Es gibt zwei Gründe für die rhetorische Heftigkeit: Einerseits befindet sich Deutschland im Vorwahlkampf. Andererseits haben Deutsche und Schweizer unterschiedliche Demokratieverständnisse. Sagt ein deutscher Minister etwas, dann weckt er den Eindruck, es geschehe sofort was. Sagt ein Schweizer Bundesrat etwas, dann macht er als Erstes klar, die Sache brauche noch Zeit und müsse am Ende vom Volk abgesegnet werden. Deshalb misstrauen deutsche Politiker den schweizerischen. Sie zweifeln am Willen, rasch etwas zu ändern. Es besteht der Eindruck, die Schweizer würden auf Zeit spielen. Ich persönlich finde es richtig, wenn Steuerhinterziehung verfolgt wird.

Doch das Problem, mit dem sich Deutschland vordringlich beschäftigen sollte, ist ein anderes: Weshalb bringen so viele Deutsche nicht nur ihr Geld, sondern auch sich selbst aus dem Land? Warum die enorme Auswanderung in die Schweiz? In Deutschland sind die Steuern extrem hoch. Zudem herrscht ein Klima, das gerade für Leute, die kreativ sein möchten, nicht sehr inspirierend ist. Das sind die wirklichen Probleme.

sämtliche Kommentare mit Fotos: http://www.tagesanzeiger.ch/ausland/europa/Eines-Ministers-nicht-wuerdig/story/16887165

20.03.2009, 17:54
20 March 2009

The AIG Scandal Is Merely a Symptom of Our National Agony (http://jessescrossroadscafe.blogspot.com/2009/03/heart-of-aig-scandal.html)

The AIG bonuses are a calculated distraction.

This is the heart of the problem:
We will have no recovery until the system is reformed and brought back into a sustainable balance. To achieve this end, the banks must be returned to business of banking again, with the reinstatement of Glass-Steagall. The hedge funds must be restrained through fundamental regulatory reform.

A private agency like the Fed is not capable of performing these tasks. The Fed, for all the rhetoric that surrounds it, is a private enterprise owned by the banks. The effectiveness of self-regulation and the rational efficiency of markets are the great myths that have led us to our current crisis.

The Fed as the great regulator for multiple markets is an attractive choice for the government, because when it fails the government may point the finger of blame, and absolve itself of all responsibility for our ruin as they are attempting to do now.Slate (http://www.slate.com/id/2213942/)
The Real AIG Scandal
By Eliot Spitzer
March 17, 2009, at 10:41 AM ET

It's not the bonuses. It's that AIG's counterparties are getting paid back in full.

Everybody is rushing to condemn AIG's bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG's counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars?

For the answer to this question, we need to go back to the very first decision to bail out AIG, made, we are told, by then-Treasury Secretary Henry Paulson, then-New York Fed official Timothy Geithner, Goldman Sachs CEO Lloyd Blankfein, and Fed Chairman Ben Bernanke last fall.

Post-Lehman's collapse, they feared a systemic failure could be triggered by AIG's inability to pay the counterparties to all the sophisticated instruments AIG had sold. And who were AIG's trading partners? No shock here: Goldman, Bank of America, Merrill Lynch, UBS, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Barclays, and on it goes.

So now we know for sure what we already surmised: The AIG bailout has been a way to hide an enormous second round of cash to the same group that had received TARP money already.

It all appears, once again, to be the same insiders protecting themselves against sharing the pain and risk of their own bad adventure...

Posted by Jesse at 12:06 PM (http://jessescrossroadscafe.blogspot.com/2009/03/heart-of-aig-scandal.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=1769470850870646687) :verbeug

...bis jetzt ist wie eh und je yes we can weiterhin die dicken Pfründe an die gleichen Leute verteilen :bad

20.03.2009, 18:01
...vielleicht sollten sich die Gerichte um GS kümmern - da wäre viel zu holen :o

[AIG, GS] :kotzGoldman CFO says firm "probably" :bad made money on AIG decline
11:49 AM ET, Mar 20, 2009

[AIG, GS] Goldman didn't discuss AIG trade with Treasury's Paulson:CFO
11:49 AM ET, Mar 20, 2009

[AIG, GS] Goldman rejected offers to settle AIG trades at discount:CFO
11:49 AM ET, Mar 20, 2009

aus einem AmiForum:

GS Dirty Hands and Filthy Lies 20-Mar-09 11:52 am CC:
Contradictions Galore. Back Peddling like crazy.
There is ALOT More to this story.
Deceptive Numbers Calculations.
GS collateral call started AIG downfall after they had put on Synthetic Hedges !!!!
Still Exposed!

20.03.2009, 18:46
CNBC host only wants rich people on Wall Street


CNBC host: Wall Street companies can’t ‘be run well’ by those making under $250,000. (http://thinkprogress.org/2009/03/19/cnbc-rich-wall-street/)

As several (http://mediamatters.org/items/200903190017?f=h_top) bloggers (http://yglesias.thinkprogress.org/archives/2009/03/with_the_intelligence_of_a_box_of_parrots.php) and television pundits (http://thinkprogress.org/2009/03/05/santelli-show/) have noted, CNBC has consistently advocated on behalf of the interests of the rich during the recent financial crisis. Indeed, in an interview with Rep. Charlie Rangel (D-NY) today, CNBC host Mark Haines made the curious claim that Americans who earn under $250,000 per year — or 98 percent of the population (http://www.factcheck.org/askfactcheck/what_percentage_of_the_us_population_makes.html) — can’t run Wall Street companies:
HAINES: Let’s get back to what I regard as a fundamental issue here. I know it’s politically unpopular, politically incorrect. I know it goes against all of the populist indignation that’s out there right now. But you can’t really, it seems to me, expect that these Wall Street companies are going to be run well by a bunch of people who don’t make more than $250,000.

Of course, Wall Street has been run so smoothly under millionaire CEOs. Haines also seems to be criticizing the management ability of America’s small business owners, the vast majority of whom do not earn over $250,000 (http://www.cbpp.org/cms/?fa=view&id=630) in gross income per year.

:dumm also die Qualität hängt von der Kohle ab, die so ein CEO oder was immer verdient :rolleyes diese haben ja alles total in die Grütze geritten trotz (oder wegen :confused) Millionen und Millionen an "Lohn" :mad was sollte denn einer verdienen, der die Gesellschaft mit echter Tüchtigkeit zum Erfolg führt :confused:rolleyes

20.03.2009, 22:55
Fri 20 Mar 2009

Mark It Zero: FDIC Edition (http://lolfed.com/2009/03/20/mark-it-zero-fdic-edition/)

Posted by alyx under all ur bankz (http://lolfed.com/category/all-ur-bankz/)
1 Comment (http://lolfed.com/2009/03/20/mark-it-zero-fdic-edition/#comments)


Remember a few weeks ago when FDIC announced they needed to raise fees on member banks (http://lolfed.com/2009/03/08/all-ur-bankz-will-belong-to-fdic/), and be able to borrow some cash, and fast? They really do need it, apparently, and now they’re looking to levy a supposedly-one-time fee. Sheila Bair drops the z-bomb (http://www.bloomberg.com/apps/news?pid=20601103&sid=al5Bk3gHNOXA&refer=news):“Without additional revenue beyond the regular assessments, current projections indicate that the fund balance will approach zero,” Bair said.


The fee amounts to 20 cents per insured $100, but when you consider that we wouldn’t need the fee in the first place if the banks had more than 0 cents per theoretically-insured $100 to spare, assume it will be passed on to you by them posthaste.

I just love this image and am happy to have an excuse to reuse it again. Thank you, Sheila, for today’s opportunity.

20.03.2009, 23:09
The Big Takeover

The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution

MATT TAIBBIPosted Mar 19, 2009 12:49 PM

.......People are pissed off about this financial crisis, and about this bailout, but they're not pissed off enough. The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.....

full story: http://www.rollingstone.com/politics/story/26793903/the_big_takeover/1


.....scheint ein :supi Artikel zu sein :cool habe erst diagonal gelesen :schwitz
und Kommentare finde ich immer sehr interessant :D

:cool kann nur jedem empfehlen das durchzulesen :supi die AIG Geschichte wird aufgerollt - und GS ist und bleibt der hinterhältigste Verein :bad wobei die andern auch von schlechten Eltern sind :o

21.03.2009, 19:21
21 March 2009

Here Comes Turbo Timmy's Troubled Toxic Asset Clearance Sale (http://jessescrossroadscafe.blogspot.com/2009/03/here-comes-timmys-toxic-asset-clearance.html)

http://2.bp.blogspot.com/_H2DePAZe2gA/ScR3lTkqc6I/AAAAAAAAItk/Ej8Hz0xvjC0/s200/closeout_sale.jpg (http://2.bp.blogspot.com/_H2DePAZe2gA/ScR3lTkqc6I/AAAAAAAAItk/Ej8Hz0xvjC0/s1600-h/closeout_sale.jpg)Wall Street Journal (http://online.wsj.com/article/SB123758981404500225.html)
U.S. Sets Plan for Toxic Assets
By Deborah Solomon
March 21, 2009

WASHINGTON -- The federal government will announce as soon as Monday a three-pronged plan to rid the financial system of toxic assets, betting that investors will be attracted to the combination of discount prices and government assistance.

But the framework, designed to expand existing programs and create new ones, relies heavily on participation from private-sector investors. They've been the target of a virulent anti-Wall Street backlash from Washington in the wake of the American International Group Inc. bonus furor. As a result, many investors have expressed concern about doing business with the government in this climate -- potentially casting a cloud over the program's prospects.

http://1.bp.blogspot.com/_H2DePAZe2gA/ScR3zsxsNoI/AAAAAAAAIt0/1-oJW1_qjUw/s320/oliphant.PNG (http://1.bp.blogspot.com/_H2DePAZe2gA/ScR3zsxsNoI/AAAAAAAAIt0/1-oJW1_qjUw/s1600-h/oliphant.PNG)The administration plans to contribute between $75 billion and $100 billion in new capital to the effort, although that amount could expand down the road.

The plan, which has been eagerly awaited by jittery investors, includes creating an entity, backed by the Federal Deposit Insurance Corp., to purchase and hold loans. In addition, the Treasury Department intends to expand a Federal Reserve facility to include older, so-called "legacy" assets. Currently, the program, known as the Term Asset-Backed Securities Loan Facility, or TALF, was set up to buy newly issued securities backing all manner of consumer and small-business loans. But some of the most toxic assets are securities created in 2005 and 2006, which the TALF will now be able to absorb.

Finally, the government is moving ahead with plans, sketched out by Treasury Secretary Timothy Geithner last month, to establish public-private investment funds to purchase mortgage-backed and other securities. These funds would be run by private investment managers but be financed with a combination of private money and capital from the government, which would share in any profit or loss....

Posted by Jesse at 12:04 AM (http://jessescrossroadscafe.blogspot.com/2009/03/here-comes-timmys-toxic-asset-clearance.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=654533470089667178) :verbeug

21.03.2009, 19:50
Sat 21 Mar 2009

Would You Buy A Used Paperweight From This Man? (http://lolfed.com/2009/03/21/would-you-buy-a-used-paperweight-from-this-man/)

Posted by alyx under lehman brothers (http://lolfed.com/category/lehman-brothers/)


The “Lehman Brothers” post tag is one that I always think I am going to get to retire, but it is a scrappy little thing and apparently won’t go down without a fight. This week, Lehman - the bank which once had a vice president dedicated to ordering deal toys, tchochkes and other branded schlock - laid down the line with Barclays, and said, give us back the Lehman golf balls in your storage locker or else. From Bloomberg (who gets a LOLFed +1 for this headline for giving us the mental image of Varley clearing his throat and hacking one up, then shipping it across the pond), Lehman Stress Balls Coughed Up By Barclays (http://www.bloomberg.com/apps/news?pid=20601102&sid=aUjBeJZj6Y4E&refer=uk):

Lehman Brothers Holdings Inc. has negotiated the return of thousands of Lehman-logoed knickknacks that were mistakenly transferred to Barclays Plc through the sale of the bankrupt securities firm’s brokerage unit.

Tote bags, umbrellas, stress balls, Tiffany paperweights and other items now stored in closets and warehouses from New York to Chicago will be returned to Lehman and sold to pay creditors, according to a court filing yesterday.

Lehman is forbidden from trying to hock the items to BarCap employees, whom you’d have to assume would rather wear hats from their solvent employer anyway. So, if they can’t set up a street stand outside Barclays offices, how are they going to unload the stuff? eBay, of course:

Lehman could resort to the Internet to move the “trinkets,” which are more likely to appeal to former Lehman employees than to collectors, he said.

“EBay might be the best place to sell the merchandise,” Ivy said in a phone interview.

Ex-Lehman employees have been unloading these things on eBay for a while, so the demand for this stuff as novelty/collectors’ items might already be sated. I see a few Lehman items on the eBay right now, but only a few with bids. When you look at the number of items in inventory, expect the market to get very saturated:

Items in storage include: 1,630 green canvas duffle bags with Lehman ribbon, 353 green compact golf umbrellas, 75 Waterford Marquis Treviso crystal clocks, 682 white Lehman coffee mugs, 130 Swiss Army pens, an English beechwood-lined sterling silver box from 1902, 200 Lehman conference pens, 12 pairs of Links of London cufflinks, 24 Screwpull wine openers inscribed “LB,’ 24 Titleist PRO VI golf balls inscribed ‘‘LB,’’ 30 girl Teddy Bears, 18 large, ivory womens’ F&G stretch snap shirts and one Tiffany shooting star.

Who is the poor sod who had to determine and notate the gender of the teddy bears? Not sure there’s anything to-die-for here, but if your initials are LB, maybe this all would merit a further look. Personally, I do own one piece of fail company swag - in my home office, there’s an AIG stock cert which Jason gave me. Seeing as I (and every American) own 80% of the company, that only seems fitting to have, though.


22.03.2009, 11:37


Gaza-Veteranen schockieren mit Aussagen über wahllose Morde

Von Ulrike Putz (ulrike_putz@spiegel.de), Beirut

Sie erschossen wehrlose Zivilisten, zerstörten Häuser palästinensischer Familien: Zum ersten Mal sind Berichte israelischer Soldaten über ihren Einsatz im Gaza-Krieg veröffentlicht worden - unzensiert. Das Militär will die Verbrechen untersuchen, die Öffentlichkeit ist entsetzt.....


....In einem anderen Fall sei er Zeuge gewesen, wie sein Vorgesetzter Soldaten befohlen habe, auf eine alte Frau zu schießen, die eine Straße überquerte. "Ich weiß nicht, ob sie verdächtig oder harmlos war. Ich weiß aber, dass mein Offizier Leute aufs Dach geschickt hat, um sie auszuknipsen. Das war kaltblütiger Mord.".....

.....viele seiner Kameraden hätten mutwillig den Besitz palästinensischer Familien zerstört, "weil es ihnen Spaß machte" (wirklich sehr lustig :bad) Er sei darüber ins Grübeln gekommen: "Wir können sagen, sooft wir wollen, dass die israelische Armee moralisch überlegen ist :bad aber im Feld ist das einfach nicht so."....


Last update - 08:21 22/03/2009 http://www.haaretz.com/hasen/images/0.gif http://www.haaretz.com/hasen/images/0.gif http://www.haaretz.com/hasen/images/0.gif http://www.haaretz.com/hasen/images/0.gif

IDF ceased long ago being :bad 'most moral army in the world' :bad http://www.haaretz.com/hasen/images/0.gif

By Gideon Levy (levy@haaretz.co.il) http://www.haaretz.com/hasen/images/0.gif Tags: Palestinians (http://www.haaretz.com/hasen/pages/tags/index.jhtml?tag=Palestinians), Israel news (http://www.haaretz.com/hasen/pages/tags/index.jhtml?tag=Israel+news) http://www.haaretz.com/hasen/images/tags/tag_arrow1.gif
What shock, what consternation. Haaretz revealed grave accounts (http://haaretz.com/hasen/spages/1072475.html) by officers and soldiers describing the killing of innocent Palestinian civilians during the war in Gaza. The Israel Defense Forces Spokesman was quick to respond that the IDF had no prior or supporting information about the events in question, the defense minister was quick to respond that "the IDF is the most moral army in the world," and the military advocate general said the IDF would investigate.....

.....Our Teflon chief of staff, Gabi Ashkenazi, cannot wash his hands of this affair. They are bloody. What the soldiers of the preparatory academy described were war crimes, for which they should be tried. This will not happen, save for the grotesque spectacle of "principled probes" in an army that killed 1,300 people in 25 days and left 100,000 homeless. Military police investigations will not lead to anything.........

full story: http://www.haaretz.com/hasen/spages/1072821.html

...kann man nur froh sein gibt es die http://www.haaretz.com/hasen/images/haaretzCom.gif und auch Journalisten mit Mum :supi

22.03.2009, 11:45
Sun 22 Mar 2009

Sunday Funnies (http://lolfed.com/2009/03/22/sunday-funnies/)

Posted by alyx under links (http://lolfed.com/category/links/)


Graphic h/t Michael Sherman, thx! Now on with the fun:

- Reformed Broker’s new glossary of financial terms (http://thereformedbroker.com/2009/03/18/the-new-glossary-of-finance-terms/), e.g., “Federal Reserve: An institution that ensures the inflation and subsequent bursting of asset bubbles roughly every 7 years.”

- Just because you’re paranoid, doesn’t mean the FDIC won’t give you a negative review (http://boston.bizjournals.com/boston/stories/2009/03/16/story3.html?b=1237176000%5E1793570). No adjustable-rate mortgages? Not soliciting loans on the internet? Blasphemy!........

22.03.2009, 13:03
«Liebe Schweizer Nachbarn» – deutsche Restaurants schalten Inserat

Von Olivia Kühni. Aktualisiert am 21.03.2009

-----> 99 Kommentare (http://www.thurgauerzeitung.ch/ausland/europa/Liebe-Schweizer-Nachbarn--deutsche-Restaurants-schalten-Inserat/story/26500230#kommentar)

Vier Gaststätten in Süddeutschland distanzieren sich heute in einem Zeitungsinserat ausdrücklich von den «verbalen Entgleisungen» von Peer Steinbrück. Der Grund: Die Schweizer Gäste blieben fern – und die Gastronomen sind unzufrieden mit Berlin.....


22.03.2009, 16:49
22. März 2009, NZZ am Sonntag

Brennende Barrikaden gegen den Frust

In Frankreich nehmen entlassene Arbeiter das Schicksal in die eigene Hand, allerdings nur, um ihre Wut abzureagieren
In Frankreich ist das soziale Klima rauer geworden. Nach den Streiks in der vergangenen Woche ziehen von Entlassung bedrohte Beschäftigte in den Arbeitskampf, sie besetzen Betriebe und nehmen ihre Chefs in Geiselhaft.

Axel Veiel, Clairoix

Eisengitter blockieren die Zufahrtsstrasse. Vor dem Firmentor türmen vermummte Gestalten Barrikaden auf und zünden sie dann an. Flammen schlagen um Holzpaletten, Russwolken quellen aus Pneus. Männer in schwarzer Arbeitskluft sitzen unter dem Gejohle der Kollegen über Ebenbilder des Firmenchefs Louis Forzy und eines weiteren Spitzenmanagers zu Gericht. Die Anklage lautet auf Hochverrat, das Urteil auf Tod durch den Strang. Es ist offenbar bereits vollstreckt worden. Zwei mannsgrosse Puppen hängen schlaff von einem Podest herab, um den Hals haben sie einen Strick.

Zu viele Pneus

Als Hochverrat wird hier der Umstand bezeichnet, dass der deutsche Reifenhersteller Continental das Werk in Clairoix schliessen lassen will, obwohl die 1120 Mitarbeiter, die hier, 60 Kilometer nordöstlich von Paris, Autoreifen herstellen, für den Erhalt ihrer Arbeitsplätze Verzicht geübt haben. 2007 war die Belegschaft von der 35- zur 40-Stunden-Woche übergegangen. Im Gegenzug gab es Arbeitsplatzgarantien bis 2012. Doch bald darauf brach die Nachfrage ein. Die Conti-Gruppe begann in Europa auf Halde zu produzieren. Jetzt lagern zwischen Sizilien und dem Nordkap 15 Millionen Pneus.

Nicht nur bei Continental gehen von Entlassung bedrohte Arbeiter auf die Barrikaden. Keine 50 Kilometer von Clairoix entfernt geben zwei weitere Zulieferer für die Automobilindustrie auf: in Lagny-le-Sec der Autositzfabrikant Lear, in Mouy der Stossdämpferhersteller ZF Sachs. Auch dort machen die Beschäftigten mobil. In Grenoble haben Mitarbeiter das Werk des Baumaschinenproduzenten Caterpillar besetzt, der 733 Stellen streichen will. Bei Sony France haben Angestellte den Chef, Serge Foucher, in Geiselhaft genommen und eine Nacht lang in sein Büro gesperrt. Foucher hatte die Schliessung des Werks angekündigt. Und die Arbeitskämpfe dürften kaum weniger werden. Die EU-Kommission prophezeit Frankreich einen Anstieg der Arbeitslosigkeit von 8,2 auf 10,6 Prozent........

ganzer Artikel: http://www.nzz.ch/nachrichten/international/brennende_barrikaden_gegen_den_frust_1.2237852.html

22.03.2009, 16:56
der BLICK gehört nicht zu meinen gelesenen Blättern - aber so ganz ohne wird's wohl nicht sein :rolleyes

Spion & Spion

Die CIA jagt Dick Marty
Alexander Sautter und Sandro Brotz | 00:38 | 18.12.2005

Die CIA wird es nie zugeben, aber alles spricht dafür: Der Schweizer Dick Marty (60), der die Folterknechte jagt, wird von ihnen ausspioniert.

Dick Marty ist der Mann, der den mächtigsten Geheimdienst der Welt das Fürchten lehrt.

Der Tessiner FDP-Ständerat und seine Mission: Im Auftrag des Europarats in Strassburg (F) soll der Ex-Mafiajäger beweisen, was die ganze Welt bisher nur vermutet. Die USA verschleppen, verstecken und verhören in ihrem Krieg gegen den weltweiten Terror systematisch ihre Gefangenen. In geheimen Lagern, wohin die CIA-Häscher die angeblichen Terroristen bringt, wird auch Folter angewendet.

«Ich stelle den Krieg gegen Terrorismus nicht in Frage», sagt Marty, «aber er muss mit rechtsstaatlichen Mitteln erfolgen». Folter sei «nicht effizient und kontraproduktiv».

Jetzt nimmt die CIA den Jäger aus der Schweiz ins Visier. «Es würde mich nicht erstaunen, wenn ich abgehört werde», sagt Marty am Rande der Wintersession in Bern zu SonntagsBlick. Er geht davon aus, dass die CIA versuchen wird, «zu erfahren, welche Informationen mir vorliegen». Und mehr noch: «Eine Taktik könnte sein, mich als Person zu diskreditieren», sagt Marty.....

«Die CIA wird vor allem wissen wollen, wer Martys Informanten sind», sagt er.
Für den Schweizer Sonderermittler bedeutet das konkret:

Jedes Gespräch mit seinem Samsung-Handy wird mitgehört
Jedes E-Mail auf seinem Macintosh-Laptop landet bei der CIA
Jedes Fax von und an ihn wird von den US-Schnüfflern abgefangen
Dass es sich dabei nicht um Hirngespinste handelt, zeigen drei bekannt gewordene Fälle aus der jüngeren Vergangenheit:

In Genf liess die CIA eine japanische Wirtschaftsdelegation aushorchen, die sich auf Gespräche mit den Amerikanern vorbereitete.
Im Irak schleusten sich Agenten in eine Gruppe von UN-Abrüstungskontrolleuren ein. Die Inspektoren fühlten sich dadurch für Spionagezwecke missbraucht.

22.03.2009, 21:15
Politics (http://www.huffingtonpost.com/politics/)

Obama Releasing "Ugly" Bush Administration Torture Memos (http://www.newsweek.com/id/190362)

http://images.huffingtonpost.com/gen/70303/thumbs/s-BUSH-large.jpg (http://www.newsweek.com/id/190362)

....und wer jagt die CIA und Herrn Bush :confused:rolleyes

22.03.2009, 21:15

Tödlicher Sand in der Jeans-Maschine (http://www.spiegel.de/panorama/gesellschaft/0,1518,614541,00.html)

Gebleichte Jeans gelten überall in Europa als schick, cool und lässig - doch was kaum einer weiß: Für Dutzende Arbeiter in der Türkei ist ihre Herstellung tödlich. SPIEGEL TV deckt die skrupellosen Machenschaften der Textilindustrie auf. Aus Istanbul berichtet Peter Hell mehr... (http://www.spiegel.de/panorama/gesellschaft/0,1518,614541,00.html) [ Video (http://www.spiegel.de/video/video-57059.html) | Forum (http://forum.spiegel.de/showthread.php?t=6647&goto=newpost) ]


23.03.2009, 11:42
Sun 22 Mar 2009

Class Warfare Data Point Of The Day (http://lolfed.com/2009/03/22/class-warfare-data-point-of-the-day/)

Posted by alyx under fail (http://lolfed.com/category/fail/)
1 Comment (http://lolfed.com/2009/03/22/class-warfare-data-point-of-the-day/#comments)

The latest in a series of “from-hedge-funds-to-no-funds” stories to pop up in the MSM is Ken Karpman, a trader-turned-hedgie now raking in $7.29 an hour (http://abcnews.go.com/Business/story?id=7111098&page=1):
Karpman was so confident in his good fortune and the strong economy that he left his job in 2005 to start his own hedge fund. To pay for the new business and their standard of living, Karpman quickly burned through $500,000 in savings and, like so many Americans, took a line of credit against his house.

But in the reversal of fortune that followed, Karpman was unable to attract investors and was forced to dissolve his hedge fund. He found himself jobless in a job market that had collapsed.

Desperate for quick cash, Karpman tried to find a job bartending but came up empty. Finally, he drove his Mercedes to Mike’s Pizza & Deli Station in Clearwater and applied for a job. Mike Dodaro, the owner of the pizza shop, said he was shocked when he read his application but he offered him the job despite some reluctance to hire an over-qualified candidate.

Just in case the fact that the guy went out and took a job actually causes you to want to reflect positively on the guy, ABC News makes sure you know by the end of the story that their children’s $30k/yr private school tuition is now paid by an anonymous benefactor and that they receive food stamps despite having a pair of jetskis in the garage and closets full of clothes and handbags. So, by the end of it, you should be able to comfortably proclaim “HAHA, jerk! Welcome to the real world! The only High Life you get now is Miller, dude!”

No clue why anyone would volunteer to be thrown under the bus like this unless a) the anonymous benefactor paying the kids’ tuition is ABC News, b) they’re hoping for a reality-show deal called something like “Oh, How The Mighty Have Fallen” or c) they actually were out of touch enough with the real world to expect sympathy for falling from Masters to Peasants of the Universe…?

Bet their kids can’t wait to go to school Monday morning, either, now that everybody knows Mommy and Daddy are poor.

.....möcht mal unsere Finanzheinis sehen beim Pizza austragen :rolleyes:o:p

23.03.2009, 11:59
Marc Faber Expect wars with Russia and China over Commodities soon


23.03.2009, 12:10
:thanx @Eldo http://img10.myimg.de/Zastuttmann8f8e4.jpg

23.03.2009, 12:24
http://goldtent.net/wp_gold/wp-content/uploads/2009/03/tmssa090306.gif :rolleyes

23.03.2009, 15:29
Financial Policy Despair

By PAUL KRUGMAN (http://topics.nytimes.com/top/opinion/editorialsandoped/oped/columnists/paulkrugman/index.html?inline=nyt-per)

Over the weekend The Times and other newspapers reported leaked details about the Obama administration’s bank rescue plan, which is to be officially released this week. If the reports are correct, Tim Geithner, the Treasury secretary, has persuaded President Obama to recycle Bush administration policy — specifically, the “cash for trash” plan proposed, then abandoned, six months ago by then-Treasury Secretary Henry Paulson.

This is more than disappointing. In fact, it fills me with a sense of despair.


But the Obama administration, like the Bush administration, apparently wants an easier way out. The common element to the Paulson and Geithner plans is the insistence that the bad assets on banks’ books are really worth much, much more than anyone is currently willing to pay for them. In fact, their true value is so high that if they were properly priced, banks wouldn’t be in trouble.

And so the plan is to use taxpayer funds to drive the prices of bad assets up to “fair” levels. Mr. Paulson proposed having the government buy the assets directly. Mr. Geithner instead proposes a complicated scheme in which the government lends money to private investors, who then use the money to buy the stuff. The idea, says Mr. Obama’s top economic adviser, is to use “the expertise of the market” to set the value of toxic assets.

But the Geithner scheme would offer a one-way bet: if asset values go up, the investors profit, but if they go down, the investors can walk away from their debt. So this isn’t really about letting markets work. It’s just an indirect, disguised way to subsidize purchases of bad assets.

Even more important, however, is the way Mr. Obama is squandering his credibility. If this plan fails — as it almost surely will — it’s unlikely that he’ll be able to persuade Congress to come up with more funds to do what he should have done in the first place.

All is not lost: the public wants Mr. Obama to succeed, which means that he can still rescue his bank rescue plan. But time is running out.


23.03.2009, 15:57
JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar

Outraged Critics Decry the Proposal, Call For Bank To Abandon Plans

March 23, 2009

158 comments (http://abcnews.go.com/Blotter/comments?type=story&id=7146474)

Embattled bank JPMorgan Chase (http://abcnews.go.com/Business/wireStory?id=7058931), the recipient of $25 billion in TARP (http://abcnews.go.com/Business/story?id=7122282&page=1) funds, is going ahead with a $138 million plan to buy two new luxury corporate jets (http://abcnews.go.com/Blotter/WallStreet/story?id=6285739&page=1) and build "the premiere corporate aircraft hangar on the eastern seaboard" to house them, ABC News has learned.

The recipient of $25 billion in TARP money plans to buy two new corporate jets.

The financial giant's upgrade includes nearly $120 million for two Gulfstream 650 planes and $18 million for a lavish renovation of a hangar at the Westchester Airport outside New York City.

A public hearing will be held by Westchester County officials tonight regarding JPMorgan's request for new hangar space.

According to JPMorgan Chase (http://abcnews.go.com/Business/wireStory?id=7096299) architects, the new hangar will be built with reclaimed wood, quarry tile and even a "vegetated roof garden".......

full story: http://abcnews.go.com/Blotter/Story?id=7146474&page=1

....der immer so leicht blasierte und freundlich herablassende Jamie Diamond scheint Potenzbeschleuniger zu brauchen :o

23.03.2009, 16:05
Even more important, however, is the way Mr. Obama is squandering his credibility. If this plan fails — as it almost surely will — it’s unlikely that he’ll be able to persuade Congress to come up with more funds to do what he should have done in the first place.

All is not lost: the public wants Mr. Obama to succeed, which means that he can still rescue his bank rescue plan. But time is running out.


Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1228318#post1228318)
:rolleyes ...noch ist er Camelot (ein Ausdruck den der Astrologe Merriman für ihn gebraucht ;)) - hoffentlich bleibt er's :)

23.03.2009, 17:51
Geithner's Plan "Extremely Dangerous," Economist Galbraith Says


In short, because the plan is yet another massive, ineffective gift to banks and Wall Street. Taxpayers, of course, will take the hit

Link (http://finance.yahoo.com/tech-ticker/article/216311/Part-I-Geithner%27s-Plan-%22Extremely-Dangerous%22-Economist-Galbraith-Says?tickers=%5Egspc,%5Edji,c,bac,jpm,WFC?sec=topStories&pos=2&asset=TBD&ccode=TBD)

23.03.2009, 22:43
23 March 2009

Special Notice (http://jessescrossroadscafe.blogspot.com/2009/03/special-notice.html)

http://3.bp.blogspot.com/_H2DePAZe2gA/Scf6_tCD-WI/AAAAAAAAIuk/sgp2D2Y6KAs/s200/chiuso_per_ferie.png (http://3.bp.blogspot.com/_H2DePAZe2gA/Scf6_tCD-WI/AAAAAAAAIuk/sgp2D2Y6KAs/s1600-h/chiuso_per_ferie.png)

Fermé pour les Vacances

Le Café Américain will be closed for holiday vacation until 30 March 2009.

Posting will be occasional at most, and there will be no chart updates until then.

Posted by Jesse at 4:43 PM (http://jessescrossroadscafe.blogspot.com/2009/03/special-notice.html) http://www.blogger.com/img/icon18_email.gif (http://www.blogger.com/email-post.g?blogID=6418112515382102078&postID=2077555690078450632) bonnes vacances :winke

23.03.2009, 22:56
Geithner's Plan "Extremely Dangerous," Economist Galbraith Says


In short, because the plan is yet another massive, ineffective gift to banks and Wall Street. Taxpayers, of course, will take the hit

Link (http://finance.yahoo.com/tech-ticker/article/216311/Part-I-Geithner%27s-Plan-%22Extremely-Dangerous%22-Economist-Galbraith-Says?tickers=%5Egspc,%5Edji,c,bac,jpm,WFC?sec=topStories&pos=2&asset=TBD&ccode=TBD)

Zum Original-Beitrag (http://www.stock-channel.net/stock-board/showthread.php3?p=1228375#post1228375)
wenn man The Big Takeover gelesen hat dann weiss man....dem Wallstreet-Kuchen wird wohl immer geholfen :bad ich sehe nicht eben rosig für Obamas Zukunft - er wird wohl als Sündenbock hinhalten müssen :o aber vielleicht geschehen ja noch Wunder :rolleyes

23.03.2009, 23:05
Mon 23 Mar 2009

TARP 3, 4, What Are We Up To Now? (http://lolfed.com/2009/03/23/tarp-3-4-what-are-we-up-to-now/)

Posted by Jason under fail (http://lolfed.com/category/fail/)

Since the details of Geithner’s cunning new plan (http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db20090322_447222.htm?chan=top+news_top+news+index+-+temp_top+story) began leaking out over the weekend, I have spent nearly every waking moment reading it, researching it, considering it, arguing about it with alyx and writing up a detailed opinion on its effectiveness and likelihood of succeeding. It’s long, so it’s going behind a “More” cut.


Really? Timmy, you’ve more or less been on the job since November, and this hashed-together crap is the best you can come up with? You do realize that this is the entire national economy you’re trying to rescue here, right? What, did you start writing this plan of yours last Friday afternoon, knowing it was due first thing Monday morning? That might be okay for your weekly status report, but dammit, this is more important and might require just a liiiittle more work.

No, really. What was your thought process on this one? Did you think the TARP and TALF were such raging successes that you decided you’d just take the key elements from each and mix them up together, like when you mix up two different colors of Play-Doh and what you end up with is some wretched lump that bears no resemblance to anything found in nature and is completely useless in making anything except maybe a wad of elephant dung? Did you even try counting the metaphors for what you did, in that last sentence?

I really want to know, which part of this you thought was the real masterstroke: the reliance on a market that caused the problem in the first place to fix itself, with money that you do not have, or the part where you socialize even MORE bad assets and losses without socializing any of the possible gains? How about the part where you severely underestimate the actual risk involved here? Or maybe the complete and utter misunderstanding of the actual problem itself? I knew that you and Hank Paulson shared a common employer; I did not realize that you were actually the reincarnation of the Great Hammer himself.

Paul Krugman (http://www.nytimes.com/2009/03/23/opinion/23krugman.html?_r=3), as usual, has a much better explanation of why this is a horrid, horrid thing to have done than I could muster, because his Nobel endows him with magical powers of understanding. I am thinking I need to write up a list of Paul Krugman Facts, including such 100% true gems as “Paul Krugman’s tears can cure global financial crises. Too bad he has never cried.” and “There is no chin behind Paul Krugman’s beard, only a complex economic formula.”

24.03.2009, 09:39
Mon 23 Mar 2009

Now Hiding In Plain Sight (http://lolfed.com/2009/03/23/now-hiding-in-plain-sight/)

Posted by Jason under win (http://lolfed.com/category/win/)
[3] Comments (http://lolfed.com/2009/03/23/now-hiding-in-plain-sight/#comments)

AIG is in the process of removing its name (http://www.reuters.com/article/businessNews/idUSN2249681920090322?feedType=RSS&feedName=businessNews) from the company’s Water Street building, because it is cheaper to remove letters from a building exterior one time than to remove dried egg from its windows six times a day. This building (pictured above) actually houses its property-casualty division, which is not sinking the global economy, and is having the signage changed since that division will no longer be known as AIG, but rather AIU Holdings.

Pitchforks and torches are still appropriate for the Pine Street offices.

24.03.2009, 09:50
If Goldman Returns Aid, Will Others?

By ANDREW ROSS SORKIN (http://topics.nytimes.com/top/reference/timestopics/people/s/andrew_ross_sorkin/index.html?inline=nyt-per)
Published: March 23, 2009
Any good news these days — not that there is much — seems to come with an asterisk. The market is popping, but, as some bears ask, is it just a setup for another bigger fall?

So here’s something else to ponder: Goldman Sachs (http://topics.nytimes.com/top/news/business/companies/goldman_sachs_group_inc/index.html?inline=nyt-org) is planning to give back its TARP money soon. Very soon, actually — ideally within the next month, according to people involved in the process. That’s a much quicker timetable than the end-of-year goal previously set out by Lloyd C. Blankfein (http://topics.nytimes.com/top/reference/timestopics/people/b/lloyd_c_blankfein/index.html?inline=nyt-per), Goldman Sachs’s chief executive. As taxpayers, we should be thrilled that Goldman is going to quickly pay back the $10 billion it was given last October, right?

Well, not so fast.

Goldman’s sudden urgency to return the money stems, in part, from the uproar over A.I.G. (http://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-org)’s bonuses last week, and the criticism of Goldman over revelations that the firm had been the largest :kotz recipient of government money as a counterparty of bets placed with A.I.G. It’s also paying a hefty 5 percent interest payment to taxpayers for that money.

“It’s just impossible to run our business in this environment,” said one senior Goldman executive who insisted on not being quoted by name for fear of crossing the Treasury Department (http://topics.nytimes.com/top/reference/timestopics/organizations/t/treasury_department/index.html?inline=nyt-org).

Of course, another factor in Goldman’s decision to return the money is that it can: the firm is known to be sitting on a balance sheet with about $100 billion of available cash, so a mere $10 billion should be no problem.

Top Goldman managers held a series of meetings last week and tentatively decided to give the money back even more quickly than originally planned, people involved in the talks said. Goldman officials also privately held talks with Barney Frank (http://topics.nytimes.com/top/reference/timestopics/people/f/barney_frank/index.html?inline=nyt-per), the Democratic chairman of the House Financial Services committee, about the subject, these people said....

full story: http://www.nytimes.com/2009/03/24/business/24sorkin.html?_r=1&partner=rss&emc=rss

“It’s just impossible to run our business in this environment,”- da wird ihnen wohl zu sehr unter den Rock geguckt :o und das alle über den Tisch ziehen wird etwas schwieriger - also zurück zu den Untaten der "guten alten Zeit" :bad die haben sich wohl den Spruch auf die Fahne geschrieben YES WE CAN :gomad

24.03.2009, 11:16
...ein ganz böser..... :rolleyes

A woman knows her place !

Barbara Walters of Television's 20/20 did a story on gender roles in Kabul , Afghanistan several years before the Afghan conflict.

She noted that women customarily walked five paces behind their husbands.

She recently returned to Kabul and observed that women still walk behind their husbands.

From Miss Walters' vantage point, despite the overthrow of the oppressive Taliban regime, the women now seem to walk even further back behind their husbands, and are happy to maintain the old custom.

Miss Walters approached one of the Afghani women and asked, 'Why do you now seem happy with an old custom that you once tried so desperately to change?'

The woman looked Miss Walters straight in the eyes, and without hesitation said, 'Land Mines.'

Moral of the story is .... (no matter where you go)

24.03.2009, 13:08
....zu dumm :dumm hat er doch glatt SCN vergessen ;):o

Obama's Global Op-Ed: "A Time For Global Action" (http://www.huffingtonpost.com/2009/03/24/obamas-global-op-ed-a-tim_n_178331.html)

More than 30 papers around the world ran an op-ed today by President Obama arguing for "the urgent need for global economic cooperation."

According to the White House, the op-ed ran in the following papers:

1. Al Watan (Gulf States)
2. Arab Times (Gulf States)
3. Asharq Al Awsat (Arab-wide paper in Arabic)
4. The Australian (Australia)
5. Baltimore Sun (United States)
6. Bangkok Post (Thailand)
7. Chicago Tribune (United States)
8. Clarin (Argentina)
9. Corriere della Sera (Italy)
10. Die Welt (Germany)
11. El Pais (Madrid)
12. El Mercurio (Chile)
13. Eleftyropiea (Greece)
14. Estado de Sao Paulo (Brazil)
15. Gulf News (Gulf States)
16. The Hindustan Times/ The Hindu (India)
17. International Herald Tribune (London)
18. Kristeligt Dagblad (Denmark)
19. Le Monde (Paris)
20. Lidove Noviny (Czech)
21. Los Angeles Times (United States)
22. The News (Pakistan)
23. NRC Handelsblad (Netherlands)
24. Saudi Gazette (Saudi Arabia)
25. South China Morning Post (Hong Kong)
26. Straits Times (Singapore)
27. Sunday Times (South Africa)
28. Svenska Dagbladet (Sweden)
29. Syndey Morning Herald (Australia)
30. WProst (Poland)
31. Yomiuri Shimbun (Japan)

Here's the full text of the piece:

A time for global action
By Barack Obama
Monday, March 23, 2009

WASHINGTON: We are living through a time of global economic challenges that cannot be met by half measures or the isolated efforts of any nation. Now, the leaders of the Group of 20 have a responsibility to take bold, comprehensive and coordinated action that not only jump-starts recovery, but also launches a new era of economic engagement to prevent a crisis like this from ever happening again.

No one can deny the urgency of action. A crisis in credit and confidence has swept across borders, with consequences for every corner of the world. For the first time in a generation, the global economy is contracting and trade is shrinking.

Trillions of dollars have been lost, banks have stopped lending, and tens of millions will lose their jobs across the globe. The prosperity of every nation has been endangered, along with the stability of governments and the survival of people in the most vulnerable parts of the world.

Once and for all, we have learned that the success of the American economy is inextricably linked to the global economy. There is no line between action that restores growth within our borders and action that supports it beyond.

If people in other countries cannot spend, markets dry up -- already we've seen the biggest drop in American exports in nearly four decades, which has led directly to American job losses. And if we continue to let financial institutions around the world act recklessly and irresponsibly, we will remain trapped in a cycle of bubble and bust. That is why the upcoming London Summit is directly relevant to our recovery at home.

My message is clear: The United States is ready to lead, and we call upon our partners to join us with a sense of urgency and common purpose. Much good work has been done, but much more remains.

Our leadership is grounded in a simple premise: We will act boldly to lift the American economy out of crisis and reform our regulatory structure, and these actions will be strengthened by complementary action abroad. Through our example, the United States can promote a global recovery and build confidence around the world; and if the London Summit helps galvanize collective action, we can forge a secure recovery, and future crises can be averted.

Our efforts must begin with swift action to stimulate growth. Already, the United States has passed the American Recovery and Reinvestment Act -- the most dramatic effort to jump-start job creation and lay a foundation for growth in a generation.

Other members of the G-20 have pursued fiscal stimulus as well, and these efforts should be robust and sustained until demand is restored. As we go forward, we should embrace a collective commitment to encourage open trade and investment, while resisting the protectionism that would deepen this crisis.

Second, we must restore the credit that businesses and consumers depend upon. At home, we are working aggressively to stabilize our financial system. This includes an honest assessment of the balance sheets of our major banks, and will lead directly to lending that can help Americans purchase goods, stay in their homes and grow their businesses.

This must continue to be amplified by the actions of our G-20 partners. Together, we can embrace a common framework that insists upon transparency, accountability and a focus on restoring the flow of credit that is the lifeblood of a growing global economy. And the G-20, together with multilateral institutions, can provide trade finance to help lift up exports and create jobs.

Third, we have an economic, security and moral obligation to extend a hand to countries and people who face the greatest risk. If we turn our backs on them, the suffering caused by this crisis will be enlarged, and our own recovery will be delayed because markets for our goods will shrink further and more American jobs will be lost.

The G-20 should quickly deploy resources to stabilize emerging markets, substantially boost the emergency capacity of the International Monetary Fund and help regional development banks accelerate lending. Meanwhile, America will support new and meaningful investments in food security that can help the poorest weather the difficult days that will come.

While these actions can help get us out of crisis, we cannot settle for a return to the status quo. We must put an end to the reckless speculation and spending beyond our means; to the bad credit, over-leveraged banks and absence of oversight that condemns us to bubbles that inevitably bust.

Only coordinated international action can prevent the irresponsible risk-taking that caused this crisis. That is why I am committed to seizing this opportunity to advance comprehensive reforms of our regulatory and supervisory framework.

All of our financial institutions -- on Wall Street and around the globe -- need strong oversight and common sense rules of the road. All markets should have standards for stability and a mechanism for disclosure. A strong framework of capital requirements should protect against future crises. We must crack down on offshore tax havens and money laundering.

Rigorous transparency and accountability must check abuse, and the days of out-of-control compensation must end. Instead of patchwork efforts that enable a race to the bottom, we must provide the clear incentives for good behavior that foster a race to the top.

I know that America bears our share of responsibility for the mess that we all face. But I also know that we need not choose between a chaotic and unforgiving capitalism and an oppressive government-run economy. That is a false choice that will not serve our people or any people.

This G-20 meeting provides a forum for a new kind of global economic cooperation. Now is the time to work together to restore the sustained growth that can only come from open and stable markets that harness innovation, support entrepreneurship and advance opportunity.

The nations of the world have a stake in one another. The United States is ready to join a global effort on behalf of new jobs and sustainable growth. Together, we can learn the lessons of this crisis, and forge a prosperity that is enduring and secure for the 21st century.

Barack Obama is president of the United States. A Global Viewpoint article distributed by Tribune Media Services.


24.03.2009, 13:18
....und gleich noch ein offener Brief :rolleyes:schwitzum es gleich vorne wegzunehmen :schwitz

3. Weisen Sie den IWF an, die Finanzsysteme der USA, Großbritanniens und der Schweiz zu evaluieren!

Der dritte Ratschlag betrifft eine politisch sensible Angelegenheit, die aber nicht länger bei Seite geschoben werden kann. Es ist entscheidend, dass spätestens 2009 der IWF dem G20 eine unabhängige Evaluierung der drei hauptursächlich für die gegenwärtige Finanzkrise verantwortlichen nationalen Finanzsysteme vorlegt: USA, Großbritannien und Schweiz. Keine dauerhafte Lösung ist möglich, solange nicht klar ist, wie groß der Schaden in diesen drei Pfeilern des internationalen
Finanzsystems ist. Die Zeit für diplomatische Rücksichtnahme gegenüber den hauptsächlich für die Finanzkrise verantwortlichen Ländern ist vorbei.

der ganze Brief:

Gipfel der G20-Staaten: Letzte Chance, den Zerfall der öffentlichen Ordnung aufzuhalten

Offener Brief an die Staats- und Regierungschefs der G20-Staaten, veröffentlicht in englischer Sprache in der Welt-Ausgabe der Financial Times am 24/03/09


....da bin ich mal gespannt ob sich das letztendlich wieder mal nur auf die Schweiz bezieht :confused:rolleyes
Die Zeit für diplomatische Rücksichtnahme gegenüber den hauptsächlich für die Finanzkrise verantwortlichen Ländern ist vorbei.

24.03.2009, 21:48
...aus dem letzten Merriman :schwitz

......Aus heutiger Sicht mag dies alles positiv und gut gemeint aussehen, und es ist denkbar, dass es bis zum Sommer funktioniert. Irgendwann nach August könnte jedoch für die praktizierten Exzesse mit dem abnehmenden Saturn/Pluto-Quadrat die Rechnung präsentiert werden, indem die Konsequenzen für das viele gedruckte Geld und die eingegangenen Schulden übernommen werden müssen, inklusive einem Policy-Wechsel des FED, welches riskiert, durch den Kauf eines derart grossen Pakets von US-Treasuries (US-Schulden) seine Unabhängigkeit zu verlieren. Das FED ist nun zutiefst mit der Regierung verstrickt. Jeder macht sich Sorgen über die Aussicht, dass die US-Regierung die Banken und private Gesellschaften nationalisiert. Die extremste Aussicht lautet, dass das FED daran sein könnte, die US-Regierung zu privatisieren. :schwitz


24.03.2009, 21:49
von DU - merci :) http://www.creators.com/editorial_cartoons/13/7400_image.gif :rolleyes

24.03.2009, 22:05

EU-Ratspräsident Topolanek stürzt über Vertrauensfrage (http://www.spiegel.de/politik/ausland/0,1518,615297,00.html)

Diese Entscheidung erschüttert auch die EU: Tschechiens Parlament hat Ministerpräsident Topolanek das Misstrauen ausgesprochen - und den amtierenden Ratspräsidenten der EU damit zum Rücktritt gezwungen. Jetzt könnten Europagegner in Tschechien an Einfluss gewinnen. mehr... (http://www.spiegel.de/politik/ausland/0,1518,615297,00.html)

.....scheinen nicht alle Europageil zu sein :rolleyes

24.03.2009, 22:18
....ist eben alles etwas mühsam ;)


25.03.2009, 10:06
Goldman working on iShares bid :schreck

By Martin Arnold and Jane Croft in London and Henny Sender in New York

Published: March 23 2009 20:18 | Last updated: March 24 2009 00:00

Goldman Sachs (http://markets.ft.com/tearsheets/performance.asp?s=us:GS)is working on a bid for iShares, the fast-growing asset management business that is being auctioned by Barclays (http://markets.ft.com/tearsheets/performance.asp?s=uk:BARC).

Bids for the business, which are due by the end of next week, could put a valuation as high as $6.5bn (£4.5bn) on the manager of exchange traded funds – the listed investment vehicles that track a market benchmark, an asset or a basket of shares, according to one person close to the process.

Barclays is talking to Goldman and at least three other parties about iShares. These include Bain Capital, the private equity group, and a consortium led by Hellman & Friedman, the San Francisco-based buy-out firm.

Other bidders thought to be interested in iShares include Vanguard, the US fund manager specialising in index-tracking funds. The possible Goldman bid would be made by the bank, not its $20bn Principal Investment private equity fund, which manages money on behalf of third-party and employee investors....

full story: http://www.ft.com/cms/s/0/bc6ff444-17e4-11de-8c9d-0000779fd2ac.html?nclick_check=1

....na dann kann man aber diese ETFs total vergessen - wenn GS die Finger drin hat wird man eh nur noch über den Tisch gezogen :bad

25.03.2009, 22:21
Mist - hab keine Zeit :(:o

Wed 25 Mar 2009

Loose Lips Sink… Bond Auctions? (http://lolfed.com/2009/03/25/loose-lips-sink-bond-auctions/)

Posted by alyx under fail (http://lolfed.com/category/fail/)
[4] Comments (http://lolfed.com/2009/03/25/loose-lips-sink-bond-auctions/#comments)


We’re in the US, so our chronicles of fail do tend to be US-centric. However, we have yet to get any good mudslinging between Fed/Treasury/White House, so the UK has us beat right now.

BoE governor Mervyn King, obviously not a fiscal policy enthusiast, came out and said hey, all this spending you are doing is getting a little out of control (http://blogs.reuters.com/uknews/2009/03/25/mervyn-kings-warning-to-the-government/):The unusual foray into politics by Bank of England Governor Mervyn King, in suggesting there should be no more tax cuts or spending rises in next month’s budget, has been widely interpreted by the newspapers as a blow to Gordon Brown but a source of secret satisfaction to the Treasury.

Chancellor Alistair Darling, several say, was not happy with Brown’s reported budget plans to offer voters more jam before they had digested the 25 billion-pound fiscal package in last Autumn’s Pre-Budget report.

King’s message was interpreted as bad news for Brown just as the Prime Minister embarks on a whrlwind tour of the Americas to drum up support for agreement at next week’s G20 meeting on a major international programme of fiscal stimulus.

Kinda leaves Gordon Brown with some egg on his face courtesy of Nervy Mervy, but at least he can purchase a hand towel to wipe it off now and pay 2.5% less in VAT. But, you know, this is just bickering. It wouldn’t be LOLFed-worthy if not for the fact that it contributed to FAIL.

Mervy got everyone in the UK wondering if maybe the government was, indeed, taking on too much debt. And so yesterday when the government came out with an auction for some bonds obviously inspired by Longcat (http://www.ft.com/cms/s/0/b347e714-1933-11de-9d34-0000779fd2ac.html) (40 year notes, folks!) investors had two words, and the first one started with “F”, and the second one was “that”:A UK government bond auction failed for the first time in seven years on Wednesday as investors refused to buy the securities because of worries over the country’s deteriorating public finances.

Alarm over rising UK debt levels and renewed fears over inflation saw investors shun the auction, with bids for the long-dated bonds, due to mature in 2049, falling short of the £1.75bn wanted.

BoE won’t include the long bonds in its buyback program either, so this auction was hosed in more ways than one. Epic fail.


March 25th, 2009
Mervyn King’s warning to the government (http://blogs.reuters.com/uknews/2009/03/25/mervyn-kings-warning-to-the-government/)


...einer der Komentare:
March 25th, 2009
12:24 pm GMT
I think it would be even stranger if Mr King had not replied to the question. Mr Brown,like Mr Blair, seems almost extraordinary in his adulation of US presidents. I assume that this is a political move rather than a sensible commercial view. To follow a US lead regardless of public and political opinion or indeed common sense already led us into war.

The thought of Labour led fiscal stimulus is particularly worrying with their track record on huge inefficient public sector spending.

Mr King has only voiced what any sensible person fears.

- Posted by Charlie Robertson

.....adulation of US presidents..... dachte ich mir auch als Brown vor dem Ami Kongress eine Rede hielt - das triefte ja nur so :bad

25.03.2009, 22:23

25.03.2009, 22:29
Wed 25 Mar 2009

Bad Timing: You Can Haz It, In Spades (http://lolfed.com/2009/03/25/bad-timing-you-can-haz-it-in-spades/)

Posted by Jason under fail (http://lolfed.com/category/fail/)
[2] Comments (http://lolfed.com/2009/03/25/bad-timing-you-can-haz-it-in-spades/#comments)


Here’s a move for everyone to practice. Take your dominant hand, open it, and hold it at arm’s length with the palm side facing towards you. Bring it, rapidly, towards your forehead as if you were trying to smash a fly there. Ready? Now do it for real, because AIG is suing the government (http://www.washingtonpost.com/wp-dyn/content/article/2009/03/20/AR2009032003089.html) (you know, the one that owns 80% of it) to get more money.

Now first, a couple of disclaimers. I know this isn’t Edward Liddy’s fault, at least not entirely, but how can you resist a picture like that? Also, I understand AIG faced possible shareholder lawsuits (from the other 20%, presumably) if the company did not seek recourse if these IRS payments were unwarranted. But we’re here for the LOL and the FAIL and there is no way audacity like this can go unnoticed.

At the heart of the matter is some $300m and change in taxes, penalties, and interest that AIG paid out to the IRS when the IRS gave a hearty “Oh HELL naw!” to some of AIG’s overseas tax-sheltering practices which also had the side benefit of saving the company metric (’cause it’s international, see) tons of money in borrowing costs. I, for one, am shocked - SHOCKED - that a responsible and upstanding corporation such as AIG would dare get involved with questionable accounting practices. But they did, they got called on it, paid their fines, and are now suing to get that money back because, whoops, we shouldn’t have had to have paid that in the first place.

Except from a layman’s perspective, the company has taken $170b in bailout money, used it on such important things as spa days and bonuses, and is now suing to get more money. I wonder if any employees of the company are honestly puzzled as to why the public hates their guts on a corporate as well as on a personal level. Actually, there is one now ex-employee who doesn’t get it (http://www.nytimes.com/2009/03/25/opinion/25desantis.html?_r=1&scp=1&sq=Jake%20DeSantis&st=cse).

AIG is in a sue-happy mood these days, also having sued Countrywide (http://lolfed.com/2009/03/20/in-the-case-of-fail-v-fail-i-find-you-both-guilty/) and Wachovia (http://www.greenwichtime.com/ci_11980399) in the past few days. And so now we know AIG’s plan to raise enough money to repay the government: sue f***ing everything.


AIG Suing To Recover Taxes in IRS Dispute

Firm Says It Has Duty To Press On

http://media3.washingtonpost.com/wp-dyn/content/photo/2009/03/20/PH2009032003745.jpg AIG, a majority of which is now owned by the government, is suing the government to recover millions in taxes in a dispute with the IRS. (By Stephen Chernin -- Associated Press)

By David S. Hilzenrath (http://projects.washingtonpost.com/staff/email/david+s.+hilzenrath/)
Washington Post Staff Writer
Saturday, March 21, 2009; Page D01

......The big insurer is trying to recover $306.1 million of taxes, interest and penalties from the Internal Revenue Service. Among other things, AIG is contesting an IRS determination last year that the company improperly claimed $61.9 million of tax credits associated with complex international transactions.

AIG has also asked a court to make the government reimburse it for money spent suing the government.

Given that the government owns 79.9 percent of AIG and has been using taxpayer money to fill a seemingly bottomless hole at the company, the lawsuit might seem like a case of biting the hand that feeds it. But an AIG spokesman said the company has an obligation to press its case......


:gomad :dumm :gomad

25.03.2009, 22:51
Dear A.I.G., I Quit!

http://graphics8.nytimes.com/images/2009/03/25/opinion/25oped_span.jpg Peter Ahlberg

comments (http://community.nytimes.com/article/comments/2009/03/25/opinion/25desantis.html) (917)
Published: March 24, 2009
The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G.

DEAR Mr. Liddy,

It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this entire letter. Before describing the details of my decision, I want to offer some context:

I am proud of everything I have done for the commodity and equity divisions of A.I.G.-F.P. I was in no way involved in — or responsible for — the credit default swap transactions that have hamstrung A.I.G. Nor were more than a handful of the 400 current employees of A.I.G.-F.P. Most of those responsible have left the company and have conspicuously escaped the public outrage........

full letter: http://www.nytimes.com/2009/03/25/opinion/25desantis.html?_r=2&pagewanted=1&ref=opinion

....es stinkt gewaltig :rolleyes

25.03.2009, 22:54
http://www.spiegel.de/img/0,1020,1474697,00.jpg (http://www.spiegel.de/panorama/justiz/0,1518,615468,00.html)

Der kleine Herr R. und das große Ganze (http://www.spiegel.de/panorama/justiz/0,1518,615468,00.html)

Der Rentner Wilfried R. hat drei Nachbarn in seinem Kleingarten erschlagen. Die Opfer kannte er seit 30 Jahren. Vor Gericht gibt sich der Angeklagte als "aufrechter Mensch" und preist Sauberkeit, Recht, Ordnung. Sein verqueres Selbstbild scheint unerschütterlich. Von Jörg Diehl, Hildesheim mehr... (http://www.spiegel.de/panorama/justiz/0,1518,615468,00.html)

....ein :kotz Saubermann :Prost


25.03.2009, 22:57
http://image2.linkinn.com/toppic/photo_0903/Lava_up_close.jpg .

25.03.2009, 23:23


26.03.2009, 12:16
Zitat des Tages - aus Trader's Daily merci :)

It is better to stay silent and let people think you are an idiot than to open your mouth and remove all doubt.

- Abraham Lincoln (1809-1865) zugeschrieben

26.03.2009, 12:21
Bank-Rescue Plan Could Spark Another Public Backlash (http://www.reuters.com/article/newsOne/idUSTRE52O6SE20090326)

http://images.huffingtonpost.com/gen/70002/thumbs/s-AIG-large.jpg (http://www.reuters.com/article/newsOne/idUSTRE52O6SE20090326)

Quick Read (http://www.huffingtonpost.com/2009/03/25/bankrescue-plan-could-spa_n_179311.html)
Comments (31) (http://www.huffingtonpost.com/2009/03/25/bankrescue-plan-could-spa_n_179311.html)
Economy (http://www.huffingtonpost.com/news/economy)
....die Menschen haben einfach die Nase voll :o

26.03.2009, 13:03
von DU - merci :) http://www.cagle.com/working/090324/englehart.jpg