Exhibits: the hold up of banks and the crisis

Current Economy and Sustainable Development-compatible? GDP growth (at all costs), economic development, inflation ... How concillier the current economy with the environment and sustainable development.
Christophe
Moderator
Moderator
posts: 79360
Registration: 10/02/03, 14:06
Location: Greenhouse planet
x 11060

Exhibits: the hold up of banks and the crisis




by Christophe » 17/12/08, 20:47

To see in a few moments: Conviction pieces on the crisis (another one!).

Financial crisis: the big bank heist
Info: Survey magazine presented by Elise Lucet.


It is an unprecedented crisis, with dramatic consequences ... The most prestigious banks are collapsing, causing the global financial markets to fall. An economic earthquake that has not spared French banks.

One after the other, they announce record losses, and their actions plunge. Coming to the rescue, the state had to put its hand in the pocket, with billions, officially, to help them.
But are the banks responsible or victims of the system? Are they as transparent as they claim? And above all, where have the tens of billions of euros in profits that they had garnered in the past five years gone?

Elise Lucet and the reporters of "Exhibit" take you to the heart of the French banking system, its drifts and its best kept secrets.

Reports:

The state facing the banks: controlling the uncontrollable
Tax havens: a well-kept secret
Saint-Etienne: a city hit by the crisis
Traders: the crisis from the inside


http://programmes.france3.fr/pieces-a-c ... 390-fr.php
0 x
Christophe
Moderator
Moderator
posts: 79360
Registration: 10/02/03, 14:06
Location: Greenhouse planet
x 11060




by Christophe » 18/12/08, 14:14

So no one looked at him? Excellent report on bankster shenanigans ...

At the same time there was sacred evening on tf1 ... level to cry!

By dint of being brutalized, it will not be necessary that the French come to cry if their banker enc ** ent them dry ...
0 x
User avatar
Remundo
Moderator
Moderator
posts: 16171
Registration: 15/10/07, 16:05
Location: Clermont Ferrand
x 5261




by Remundo » 18/12/08, 14:36

If Christophe, I looked.

it always shows the same assholes in ties wearing their silk pants on a leather chair, thinking of making money by tweaking glassy stock market calculations (casino), transferring the risk to customers and the gains on their personal accounts. .

We know them anyway, and each time they come to see me with their shit contract (performance this indexed to that provided that thing performs x% of the stuffy basket stuff based on euribor etc ...), their insurance which I do not need, their rotten loans at variable rates, I pay them an orange juice, 3 peanuts, then they take the door within 20 minutes ... : Lol:
0 x
Image
User avatar
bham
Econologue expert
Econologue expert
posts: 1666
Registration: 20/12/04, 17:36
x 6




by bham » 18/12/08, 14:57

I also looked, very well.
While waiting to see it again on the net, http://programmes.france3.fr/pieces-a-c ... 390-fr.php I appreciated :
- The former financial analyst of the City speaking in particular of the recourse of the market to tax havens but saying that London / United Kingdom risked not being able to change much under penalty of seeing this financial "industry" generating substantial taxes relocated.

- The City's refusal to see the British State regulate the markets, but when business goes bad, it is the first to ask for help from public funds : Evil:

- When traders earn money with their clients' money, they receive substantial premiums but when they lose it is the client who loses.

- The deep honesty of French banks which have subsidiaries in tax havens but just to be present, we all believe : Mrgreen:

- The interview with the Nobel Peace Prize banker saying that with the crisis, when you have a million dollars and you lose half of it, there is still $ 500 left, enough to live on when you lose your job because of the crisis, we can lose bcq even more, what to stay, what to eat, ...
0 x
Christophe
Moderator
Moderator
posts: 79360
Registration: 10/02/03, 14:06
Location: Greenhouse planet
x 11060




by Christophe » 18/12/08, 16:16

By the way, I asked myself: what will the tens of thousands of bankers and traders who are going to be unemployed do?

These guys don't know how to do anything but gobble up the virtual ... on the real work of others! The worst part is that from what I saw their arrogance is still as high!

Image

Welcome to the real world guys!
0 x
User avatar
Cuicui
Econologue expert
Econologue expert
posts: 3547
Registration: 26/04/05, 10:14
x 6




by Cuicui » 18/12/08, 16:32

Christophe wrote:These guys don't know how to do anything but gobble up the virtual ... on the real work of others!

Pure parasites who take themselves for geniuses. To eradicate urgently. : Evil:
0 x
Christophe
Moderator
Moderator
posts: 79360
Registration: 10/02/03, 14:06
Location: Greenhouse planet
x 11060




by Christophe » 18/12/08, 16:44

Yeah ... and we were on the verge of getting there ... but the governments panicked ...

bham in your summary you forgot an "important" point:

- the bonuses of traders in the city of London are estimated at 20 million euros for 000 ... Despite the shit they fucked up!

This figure does not surprise me since they have the right to play kiss (s) e ...
0 x
User avatar
bham
Econologue expert
Econologue expert
posts: 1666
Registration: 20/12/04, 17:36
x 6




by bham » 18/12/08, 19:33

Christophe wrote:bham in your summary you forgot an "important" point:

- the bonuses of traders in the city of London are estimated at 20 million euros for 000 ... Despite the shit they fucked up!
..

Ah that much, I could remember.
0 x
Christophe
Moderator
Moderator
posts: 79360
Registration: 10/02/03, 14:06
Location: Greenhouse planet
x 11060




by Christophe » 18/12/08, 19:50

Well I think it was 20 billion ... I did not note ...

But 20 Millions seems weak to me when we know that the standard bonus of a trader is 1 to 2 Millions ... :|
0 x
User avatar
Remundo
Moderator
Moderator
posts: 16171
Registration: 15/10/07, 16:05
Location: Clermont Ferrand
x 5261




by Remundo » 18/12/08, 23:35

You see, friends, there is a guy right now who is the most beautiful symbol of this greed destructive of values ​​(moral and financial).

When I see all these morons traders behind their 10 20 "screens, blinking all over the place to throw up virtual" stocks "prices (so called ...), bulging eyes, sweaty forehead, stuffed with caffeine, speculating frantically to break their keyboards to do what ??? NO OF GOD !!

They produce NOTHING and do NOTHING, except to grease themselves, and even more grease their "super chief bankster" on the backs of all the REAL workers, those who put their energy to get things done, IN THE FIELD, whether with their arms and / or with their heads ... and have the misfortune of placing some savings at home, on knowingly glassy products just as knowingly presented as safe. :?

I couldn't resist the urge to pay myself a caricature ...
Image
But Madoffs, there have been thousands less famous ...

Misappropriated photo from which the original is taken here
Last edited by Remundo the 18 / 12 / 08, 23: 38, 1 edited once.
0 x
Image

Back to "Economy and finance, sustainability, growth, GDP, ecological tax systems"

Who is online ?

Users browsing this forum : No registered users and 148 guests