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The German Government Has Had Enough

 
F.B.Nyte
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05/18/2010 11:19 PM
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The German Government Has Had Enough
If you thought the German government was going to be a lapdog for Sarcozy, or worse, was going to fellate Brussels and the ECB, you got a rude shock today.

It appears that the German Government has just plain had enough of the crap that the banksters have tried to pull, and has decided to do what Barack Obama should have done in early 2009.

That is:

* No more naked credit crap, especially against sovereigns but not only against sovereigns. No insurable interest, no CDS - period.

* Naked shorting will now be actually stopped in 10 leading financial institutions.

* Germany has had it with naked shorting of Gold, and specifically noted bank manipulation of gold prices via naked shorts beyond intent or ability to deliver.

* Germany has also said that they're not going to permit Euro derivatives that are not a "bonafide" FX hedge. That is, no more naked bets on Euro movements either.

* Hedge funds are going to be regulated, position size limits mandated and enforced, reporting enhanced and a transaction tax is coming.

It's about damn time.

Oh, and it appears that instead of telling all the banksters what they were going to do and "getting permission" first, or even discussing it with other governments, the German Government did what all governments should do - make up your mind and then do it without giving a good damn whether the banksters or other governments like it - and without giving them input into the decision or notice that it's coming.

The bid rigging, the game-playing and the rest are all a bunch of crap. I've been hollering about this now for more than three years and yet our government spends it's time fellating the bankers and their dogs instead of enforcing the law.

It is illegal to defraud people.

It is illegal to rig markets, including the massive bid-rigging that I wrote about this morning, the Jefferson County Alabama scam and dozens if not hundreds more - all committed, it is alleged (and in some cases proved) by the major banks.

It is illegal to short stocks with no intention or ability to deliver.

And it is illegal to bribe government officials, no matter how you accomplish it.

These are not "isolated incidents" or even a pattern of conduct - as the bid-rigging report this morning makes clear ripping people off has become an institutionalized practice and policy throughout the entire banking system.

Many said that the Germans were not "really" arm-twisted by Sarcozy and the French Banking interests a week or so back. I think we can put that to rest here and now, as it's pretty clear that the truth is something else entirely.

Now Barack, about your willingness to get up off your knees and kick these banksters in the nuts?
F.B.Nyte (OP)

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05/18/2010 11:28 PM
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Re: The German Government Has Had Enough
Got Gold/Silver????
Spikegirl

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05/18/2010 11:31 PM
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Re: The German Government Has Had Enough
bump
“Are they called sand scripts because they were written on tablets of sand?”
(George Noory to Michael Cremo, referring to the Sanskrit language.)

"Why do they call it the Big Bang? Was it loud?"
George Noory to guest, Dr. Piccioni on 8/12/09's show.


"Do you think asteroids have a brain and know which side of the planet to crash into?"
(George Noory)


Everybody knows the war is over. Everybody knows the bad guys won.-Leonard Cohen

Send lawyers, guns and money. The shit has hit the fan.-Warren Zevon
Anonymous Coward
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05/18/2010 11:33 PM
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Re: The German Government Has Had Enough
good luck trying to issue debt w/o CDS.

good fucking luck.
Anonymous Coward
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05/18/2010 11:43 PM
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Re: The German Government Has Had Enough
good luck trying to issue debt w/o CDS.

good fucking luck.
 Quoting: Anonymous Coward 809904


CDS's didn't even exist before 1990, and the world worked just fine without them.
F.B.Nyte (OP)

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05/19/2010 12:30 AM
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Re: The German Government Has Had Enough
bumpFor the Wednesday critters....
judeye

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05/19/2010 12:46 AM
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Re: The German Government Has Had Enough
Fan-fucking-tastic. About time too. This may give the rest of the EU the balls to follow suit, if they don't have jew bankers running the show. (from a Wednesday critter)

Last Edited by judeye on 05/19/2010 12:47 AM
"The only thing necessary for the triumph of evil is for good men to do nothing."
Anonymous Coward
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05/19/2010 12:51 AM
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Re: The German Government Has Had Enough
Blink!

And so it begins...
Anonymous Coward
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05/19/2010 12:54 AM
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Re: The German Government Has Had Enough
bump
nimbus

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05/19/2010 12:57 AM
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Re: The German Government Has Had Enough
Go Germany!
I'm a Trekkie, not a Trekker.
F.B.Nyte (OP)

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05/19/2010 01:02 AM
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Re: The German Government Has Had Enough
Thanks for the pin mods...I thought it was important...
Anonymous Coward
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05/19/2010 01:02 AM
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Re: The German Government Has Had Enough
So you wrote that huh?

I'll believe it when I see it
Anonymous Coward
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05/19/2010 01:02 AM
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Re: The German Government Has Had Enough
Go Germany !!

bump
F.B.Nyte (OP)

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05/19/2010 01:04 AM
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Re: The German Government Has Had Enough
So you wrote that huh?

I'll believe it when I see it
 Quoting: Anonymous Coward 973870


Sorry AC...Link...

[link to market-ticker.denninger.net]
F.B.Nyte (OP)

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05/19/2010 01:05 AM
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Re: The German Government Has Had Enough
Go Germany !!

bump
 Quoting: BatBoy


BB WHERE have you been???? Figured you's done run off and got married or something....
Anonymous Coward
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05/19/2010 01:07 AM
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Re: The German Government Has Had Enough
Every country needs to do this.
Anonymous Coward
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05/19/2010 01:07 AM
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Re: The German Government Has Had Enough
Go Germany !!

bump


BB WHERE have you been???? Figured you's done run off and got married or something....
 Quoting: F.B.Nyte

LOL
Nope, been busy around here.

How are you man ?

I ran into SG tonite.
Anonymous Coward
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05/19/2010 01:17 AM
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Re: The German Government Has Had Enough
I want to see the derivative banksters in jail.
Shaun1111

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05/19/2010 01:18 AM
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Re: The German Government Has Had Enough
hf
(^_*)
Stealth521

User ID: 926125
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05/19/2010 01:28 AM

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Re: The German Government Has Had Enough
Go Germany !!

bump


BB WHERE have you been???? Figured you's done run off and got married or something....

LOL
Nope, been busy around here.

How are you man ?

I ran into SG tonite.
 Quoting: BatBoy


Was she any good? Lmao
peace

Good find FB
Anonymous Coward
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05/19/2010 01:31 AM
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Re: The German Government Has Had Enough
I ran into SG tonite.


Was she any good? Lmao
peace

Good find FB
 Quoting: Stealth521

LMAO, I'm scared of her new avvy.
Those heels look like man stabbers !!

How 'ya been Stealth ?
Stealth521

User ID: 926125
United States
05/19/2010 01:38 AM

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Re: The German Government Has Had Enough
I ran into SG tonite.


Was she any good? Lmao
peace

Good find FB

LMAO, I'm scared of her new avvy.
Those heels look like man stabbers !!

How 'ya been Stealth ?
 Quoting: BatBoy


Been good. Be interesting to see how this plays out. (the German banking regulations, not SG's heels) Not that I really care, but why eliminate CD's?What's fraudulent about that?
Anonymous Coward
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France
05/19/2010 01:39 AM
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Re: The German Government Has Had Enough
Before being a politician, Merkel was a scientist. She pretty much defines German's mentality. "You can't bullshit me every single time and expect me to do nothing when I know you're wrong. I'll do what's right, so shut the fuck up"
Anonymous Coward
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05/19/2010 01:42 AM
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Re: The German Government Has Had Enough
Been good. Be interesting to see how this plays out. (the German banking regulations, not SG's heels) Not that I really care, but why eliminate CD's?What's fraudulent about that?
 Quoting: Stealth521

I don't get either.
I'm rereading to see if I missed something about the CD's

Unless their regs are vastly diff than here, IDK
redpill2010

User ID: 973796
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05/19/2010 01:44 AM
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Re: The German Government Has Had Enough
Ah yes, obviously all that was needed was a few more authoritarian rules.

The more the planners fail, the more the planners plan.

Myopic sheeple.
Anonymous Coward
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05/19/2010 01:45 AM
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Re: The German Government Has Had Enough
I would like to bump this post , but really waht exactly does this REALLY mean. I mean - could it just be a different kind of slap on the hand - reigning in the egregious greed, but saying ok, you can still rob people in alll kinds of other ways...
Anonymous Coward
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05/19/2010 01:46 AM
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Re: The German Government Has Had Enough
Transaction tax blows. So do position limits, if naked shorting is prohibited.
Anonymous Coward
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05/19/2010 01:46 AM
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Re: The German Government Has Had Enough
Great to finally see a country's government taking back control and running of the country rather than being manipulated by the markets.

Let's hope more governments follow suit and do the same.
Anonymous Coward
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05/19/2010 01:46 AM
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Re: The German Government Has Had Enough
im just not convinced!
Anonymous Coward
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05/19/2010 01:49 AM
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Re: The German Government Has Had Enough
If you thought the German government was going to be a lapdog for Sarcozy, or worse, was going to fellate Brussels and the ECB, you got a rude shock today.

It appears that the German Government has just plain had enough of the crap that the banksters have tried to pull, and has decided to do what Barack Obama should have done in early 2009.

That is:

* No more naked credit crap, especially against sovereigns but not only against sovereigns. No insurable interest, no CDS - period.

* Naked shorting will now be actually stopped in 10 leading financial institutions.

* Germany has had it with naked shorting of Gold, and specifically noted bank manipulation of gold prices via naked shorts beyond intent or ability to deliver.

* Germany has also said that they're not going to permit Euro derivatives that are not a "bonafide" FX hedge. That is, no more naked bets on Euro movements either.

* Hedge funds are going to be regulated, position size limits mandated and enforced, reporting enhanced and a transaction tax is coming.

It's about damn time.

Oh, and it appears that instead of telling all the banksters what they were going to do and "getting permission" first, or even discussing it with other governments, the German Government did what all governments should do - make up your mind and then do it without giving a good damn whether the banksters or other governments like it - and without giving them input into the decision or notice that it's coming.

The bid rigging, the game-playing and the rest are all a bunch of crap. I've been hollering about this now for more than three years and yet our government spends it's time fellating the bankers and their dogs instead of enforcing the law.

It is illegal to defraud people.

It is illegal to rig markets, including the massive bid-rigging that I wrote about this morning, the Jefferson County Alabama scam and dozens if not hundreds more - all committed, it is alleged (and in some cases proved) by the major banks.

It is illegal to short stocks with no intention or ability to deliver.

And it is illegal to bribe government officials, no matter how you accomplish it.

These are not "isolated incidents" or even a pattern of conduct - as the bid-rigging report this morning makes clear ripping people off has become an institutionalized practice and policy throughout the entire banking system.

Many said that the Germans were not "really" arm-twisted by Sarcozy and the French Banking interests a week or so back. I think we can put that to rest here and now, as it's pretty clear that the truth is something else entirely.

Now Barack, about your willingness to get up off your knees and kick these banksters in the nuts?
 Quoting: F.B.Nyte


You really should credit the source, instead of presenting it with no links. It gives the impression that you've come up with this on your own.

[link to market-ticker.org]
Anonymous Coward
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05/19/2010 01:50 AM
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Re: The German Government Has Had Enough
So you wrote that huh?

I'll believe it when I see it


Sorry AC...Link...

[link to market-ticker.denninger.net]
 Quoting: F.B.Nyte



There you go, missed that.