Banksters

The golden rule

vatikanbankinn

We have no corruption, ~ it’s been legalized.

Skýrsla rannsóknarnefndar Alþingis (Special Investigation Commission)
Skýrsla rannsóknarnefndar Alþingis um Íbúðalánasjóð (Parliamentary Committee on Housing Authority)
Skýrsla rannsóknarnefndar Alþingis um Sparisjóðina (Parliamentary Committee on Savings Banks)
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Tillaga til þingsályktunar (Proposal for a parliamentary resolution)
Money laundering?
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Græðgi og spilling (Greed and corruption)
Groundhog Day

Footnotes:

1. Factual knowledge has not been able to counter voodoo convictions, some say that this is because the best stock left the country for Canada in 1870-1914, leaving only bankers, politicians, middlemen, and telephone sanitizers. – This may or may not be.

2. see 1.

Odious Debt

End_icesave

The Banking Cartel’s intent of privatizing the profit and nationalizing the debt is void.
.
28 January 2013
.
“199 In any event, the defendant submits, it is unclear whether the transfer of domestic deposits to the new bank led to a better position of the depositors holding such accounts. These account holders were subject to strict capital controls, and were unable to convert their (severely depreciating) Icelandic krónur into any other currency. By contrast, the priority claimants in the Landsbanki winding up now stand to be fully reimbursed in a fully convertible currency.”
“Money exists not by nature but by law.” ~  Aristotle

The Philosophy of Futility

We are owned by the likes of DavidsonKempner Capital Management LLC.
Our politicians are but office workers for the IMF and the EU.
The national resources are privately ‘managed’ or auctioned of to foreign investors.
The banksters get “Vodka Bottle” sentences.
The same political giants who got us into this mess are posed for reelection.
The pollsters shape the numbers, just as the Big Four (audit firms).
The propaganda industry has restored us to Pre-Crash glory.

“it is very hard to learn from very big mistakes.” ~ Karl Popper

Happy New Year?

The Corporation
The Philosophy of Futility
12 banks of death
AntiCorruption Society

Meet the pollsters
Trust Us
Trust Us We’re Experts
Global Teach-In

Bonfire of the Vanities

Not only did we successfully privatize the banks but vital functions of state. It is of great comfort to us to know that our information systems are safely in the hands of private corporations (now rescued) which in turn are serviced by international giants.

 

Everyone can recite the mantra “private is better than communism” and inter departmental jealousy did not harm either.

New “Viking” owners, with their new products for the old  vessel, – couldn’t fail, –  the customary and massive taxpayer involvement is unfortunate but of course the  “little people” should not bother their harts. The adage “The Best Way to Rob a Bank…” is only applicable to banks of course.

Buying “consultancy” from “interns” for a decision already made is as old as dirt. Nevertheless, I’m sure they scrupulously vetted: licensing costs, vendor strategy, vendor/product viability, solution manageability, skills availability, third-party support, performance & scalability – undeterred by the Clash of the Titans.

Flagging standardization and international professional standing are platitudes of the propaganda type which at best are totally meaningless.

However locking an entire state in a proprietary software prison is every corporations wet dream.

Will we fire the international corporations (who rule the day) or the unlucky National Audit Officer who happened to inherit a draft report stating some of the facts?

Having just got rid of an “overeager” Director General of the Financial Supervisory Authority my bet is as good as yours.

Groucho Marx was right when he said “Politics is the art of looking for trouble, finding it, misdiagnosing it, and then misapplying the wrong remedies.”

However, the warm fuzzy feeling of buying iPhone 5 (on micro loan) gets us through the day, – right?

The Draft Report (is)
Regulatory capture
Public–private partnership
Power Economics, and Deep Capture
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23 Things They Don’t Tell You about Capitalism
Control fraud “reactive” or “opportunistic”
Similar IT disasters…(uk)

€ Parallèle

Debunking Economics

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