BNN Kommentar

Heute wurde die Verabschiedung als „Durchsetzen der Staatsräson“ kommentiert.
Wenn man denn möchte fragt, sich ob es die Staatsräson zulässt Initialtoren von Schneeballsystemen zu sanktionieren. Es wird sich in Kürze zeigen, daß dieser Failaout Plan
fehlschlagen wird. Vielleicht hat man sich ein paar Monate oder eher wahrscheinlich nur ein paar Wochen gekauft. Da nichts weiter daraus folgen wird, ist das Resultat schon absehbar. Geld weg und noch größere Misere.

Die politische Führungin Amerkia hat nicht „gewonnen“ sondern einen ihrer letzen Pyhrussiege errungen…

raid accomplished

They did it, they accepted the Failout plan. Now let’s see what bad comes from it…

That’s democracy also, one must live with it. Howerver if you do not agree you do not have to vote your congressmen/women again. I’d know what I’d do.. Are you brave enough to stand this round?

Spare the money now, spend it later

The Failout plan can not expected to work with a acceptable certainty. In fact I’d bet 1:10 it’ll fail.
But if you throw out the money now , you have nothing else if this failout plan fails. It’s high time to prepare for a recession phase. The prices for home equity will fall, maybe crumble. At least down a third IMHO. That will distroy a few Trillions of value, this fall can not be held with 700 Billions.
So keep the money, now and see how to spend it one something which will work with higher probability. Building of houses will dry out, however the US infrastructure needs some overhaul.

You have to face the fact that Oil is sparse, and you have to face the fact that Water is sparse also in many regions. In the forseeable future California and especially Las Vegas will suffer under water shortage. You’ve to come back an invest in your own country in the producing industries. The cars are build sloppy, the houses often also, this sloppyness will cost you dearly.

You can not help, but the chinese have over a trillion US-$ to spend, you must be prepared that they will buy cheaply if not now than just a bit later. Use the money for an „american“ solution. Tha means give the people the means to help themselves. That means „fair paid“ jobs, „fair prices“, you need as every developed country craftmanns which can build, repair and maintain the ideas engineers invent. So spend money wisely on education for your children and grown-ups also.

It’s not worth hanging to just one plan, (which in fact is none). Search for alternatives, discuss them and then make an educated choice. Currently you give yourself none but one choice and that’s exactly as useful as none plan at all. If in doubt, do nothing, that’s at least an alternative….

F(B)ailout plan V 2.0

Yeah I chilled out yesterday and read this 450 pages. To be true I have read the half. The poison is just layed out on the first 110 pages or so. I can agree with that plan to 0.15714 %. (Come back to this figure later)

The meshed everything together, to „heal the world“ be it some tax relieve stupidity, or some „writing “ about power from regenerate means. If I understand this paper correctly the whole is what will be decided upon. I can why they handle it that way, but I just disagree.

The „plan“ is still absolutly unacceptable (at least it would for me as Congress man). Sure there are definitly improvements, but the base line still is bailing out 700 Billions to cover „troubled assets“ more or less to the mecy of Mr Paulson (at least currently).

Now let’s just point out a few „oversights“.
P 9 (e) Prevent Unjust enrichements. …. including by preventing the sale of a troubled asset to the Secretary at a higher price than what the seller paid to purchase the asset.

Ok with that Mr Paulson get the right to pay for junk exactly as for non junk. So the ceiling is 100 the worth of the papers maybe 30 or less. Unjust enrichment, „don’t try me devil“….

This stuff is repeated on p 10 3). Shame on you if you find something disturbing you.

Very nice Sec 103 (1) protecting the interests of taxpayers by maximizing overall returns and minimizing the impact on the national deb.

Could it be in the interest of taypayers to give out 700 B. ? The while thing spreads FUD in every comma. The implication is It’b better to give out 700 B now then to suffer … what?

I spare you to cite (6) in that thing, which just adds sugar for the „not to reach“. If you don not have bread eat some cake…

Then follows the improvements I mentioned. At least Paulson has to report to the congress has to work with some overview etc. Howerver we come back to Paulson a bit later ….

Now again comes something disturbing. The secretary should decide whom to put under stricter regulations, but later the mention also that it’s up to the secretary to relax other regulation on coroprations taking part with this program. You got it. He has to justify himself, but he can decide whom to support and whom not….

Now we come to the mentioned rols of Mr Paulson Sec 108 Conflicts of Interest.
Heavens the secretar itself falls under this, he can not be trusted in any way with decisions here.
It’s absurd, the secretary full in favour of helping his fellow friends in the banking sector should take care not too choose someone not beeing in a conflicts of interest.

The only one you can trust the secretaries position is an investment banke, standing strictly against this „plan“, one may ask him/er if he/sh is „willing to serve“. Paulson is way too willing to serve ….

Then comes anothe small improvement. Putting caps on the income of the highest paid executive officers, but just as long as they are on this plan…. Hear, hear

Sec 112 ask other countries to help with this program… Well I guess we’ve taken our share of foul debts, but what shall’s one can always try….

Now comes ss a „wonderful“ part Sec 113. (1) Minimizing negative impact „The Secretary shall …. use … under this Act in manner that will minimize any potential long-term negative impact on the taxpayer…

It get’s a bit worse in (2) and is overtuned in (3) by a few magntitudes.
(3) Private Sector Participations. The Secretary shall encourage the private sector to participate in purchases of troubled assets.

It’s so insane that one can not believ this was written down. Paulson should encourage „his“ fellow people to take part. What part should they pick. One could imaging the worst… Do you believe that. They are encouraged to „cherry picking“ and that’s about unjust enrichement.

Then it goes a long way on how the plan should be decided upon, who else may supervise it and the like.

Sec 119 is another improvement, named Judical Review and Related Matters. That’s appropriate… IMHO.

It goes to some Special Inspector General, which I have no idea about. I hope the congressmen and women do…

Then comes a congress oversight panel, that’s another improvement

Then after another 10 or so pages we strand on p 84 and there we have Sec 127 Cooperation with the FBI. In the next 4 lines everything about criminal background is written down.

Guess that 110 pages and 4 lines about „taking care of the guilty“. It the only time something negative is written „fraud. malfeasance…

Now think about the secretary — how was his name . Ah yes Paulson, ex-CEO of Goldmann Sachs….

You bet throwing out will have impact on the inflation. No way read Sec 136 (c).

Sec 302 is again sugar for the Congressmob, it’s about tax treatement of compensation of the corporations taking par in this program.

After that we com to a completly unrelated Divison B part Engergy Improvement and Extension ACT of 2008.

I’ve not cited every part and I’m sure I missed some real important things. I do not know enough about how decisions are cared out in congress and how and if one can repeat them. Howerver in some of the pages I mean to understand if the congress has decided this will not be possible to take back. I can not understand this.

Now at last let’s come back to the 0.15714 %. Well the figures of Div B and C cover around 1.1 Billion, that sounds „reasonable“. Div A asks for maximal 700 B. So 1.1/700 * 100 = the magic number above.

All in all my objections have not been stilled a bit. The plan is not a plan it’s a „Golden Parachute“ for gamblers. Paulson itself can not take the lead in this work. So in that way it’s absolutly beyond repair.

I hope Congress decides against it and start looking for real enhancements. Rule one should be let, those pay who have gained through this sham.

Will be a long night

Guess what the Failout plan has now extended to 451 pages!!! They want to vote about it Friday. Who the hell should be able to read and comprehend. None, so the new strategy is making much word without any base. Hell what’s going on over there. Are they follwing His Insanity?

It’s mass hysterie, fraud, disinformation, misinformation, lies. Hey Congress men and women, do you know whom want to make you act to his „pipe“?

Do you remember the last years, and what is has brought?

Don’t let you be fooled by the sheer mass of it. Say no, stick to it and make and investigate alternatives.

For now say no, till the water clear up.

Just the last page does not give much hope:
“ Amend the title so as to read: ‘‘To provide authority
for the Federal Government to purchase and insure cer-
tain types of troubled assets for the purposes of providing
stability to and preventing disruption in the economy and
financial system and protecting taxpayers, to amend the
Internal Revenue Code of 1986 to provide incentives for
energy production and conservation, to extend certain ex-
piring provisions, to provide individual income tax relief,
and for other purposes’’.“

Oh, my god the all and one plan for all an any problem. Hell this gets even more ridicoulous every minute…..

Oh, I’m sorry my brain is sometimes a bit „absent“ especially if I hear about the Failout plan.
Of course they need the 450 pages to strike dead those against it — stupid me…

Keep this on record

From
http://biz.yahoo.com/ap/081002/financial_meltdown.html

„This is what we need to do right now to prevent the possibility of a crisis turning into a catastrophe,“ Obama said on the Senate floor. In Missouri, before flying to Washington to vote, McCain said, „If we fail to act, the gears of our economy will grind to a halt.“

It shows that none of the candidates have their own idea about economy. If it’s the economy stupid, how could you vote any of them? If one of it has stand up with another plan, just a bit less insane than the current, I’d know whom to vote…

But you still have the vote. You do not have to vote any of them… It would deserve them well to be not voted at all….

See http://en.wikipedia.org/wiki/U.S._presidential_election,_2008

And guess who has taken the most money of them all Obama and McCain, you can’t see the conflicts of interest? Money has financed them their election campaign, money will buy them the presidents chair?

I repeat myself. None of them has stand against it, none of them had offered an own plan, both expect you to choose them……. It’s up to you to write your congressman not to vote for them. They may or may not choose to follow you, but you’d tried and stand up. You may fail standing up but you can do so in pride. You can fail in shame, Pick your choice

The raid may succeed

Senators passed the failout plan, I hope they fail miserably in Congress …
It’s a shame that no other plan is discussed. Indeed it seems every other plan seemed to be
swept under the carpet.

If anyone believes that this can be „healed“ with more money, you’ll have a harsh awakening, and
easily another trillion down the drain, for nothing.

US citizens emigrate to your nothern neighbour…..

You can come back in a few years in a devastated region, maybe then it’s high time to spend again some money in Jeeps, you may need them on the dusty roads. Don’t expect you can trust any bridge…

And if you come into the regions of those gangster, you may have some fun driving through their nice mansions…

Keep in mind both McCain and Obama have said yes. So you may have seen the worst president in the history of the US (His Insanity), one could think it won’t get worse…. — think again.

Erpressung

Unverblümter geht es wohl kaum noch:
http://de.biz.yahoo.com/30092008/3/analyse-us-wirtschaft-schockzustand.html

Was sind Politiker Schoßhündchern für Spieler? Die Witschaft selber hat sich „reingeritten“. Immer verbaten sie sich Einmischungen der Politik, und nun?

Ich denke die Politiker sollten mal richtug unpopulär bei diesem Verbrecherpakt werden.

Politisches Scheitern? Ein Witz gescheitert ist die Wirtschaft und Politik in den letzten 5 Jahren und die „Wirtschaftseliten“ wissen nichts besseres als nun den schwarzen Peter den Politikern zuzuschieben.

Es gilt als nicht nur
Manager = Feiglinge.

Manager = Erpresser = Feiglinge.

Als Politiker wüßte ich ganze was ich jetzt täte.

Warum stehen Sie nicht auf, und sagen mal ganz klar wer für diese Katastrophe verantwortlich sind, die Leute die auf Teufel komm rau, Geld geliehen haben und mit dem Geld dann „spielten“.
Nun tragen Sie halt mal die Verantwortung. Ich kann in den Aussagen nur ein sehen Alle Schuld von sich weisen und einen Dritten die Schuld zuzuweisen.

Die Politiker haben natürlich Ihre Scherflein daszu beigetragen. Sie sind nicht gegen Bush aufgestanden und haben dem Monopoly einhalt geboten wie sie es hätten tun sollen. Aber sie sind definitv nicht verantwortlich offensichtlichen Verbrechern Straffreiheit zuzusichern.

They are raiding again

Guess what Mr Insanity itself does not accept the vote. And so he will fight for it. Hello you reach bankers, keep in mind to what extend his Insanity goes for you. I guess you can give him some job about Public relations. He just sings. „All is fine, anything is ok, the fundamentals of my employer are strong, it’s not darlk and I’m not afraid“. Should be enough for at leas a few Millions a year.

The horse was still alive, His Insanity does anything to realyl see it dead.

Just guess what the 700 Mrd were lost in one day and nearly regained the other day. The worlds still turning and business still has not collapsed. You want it to stay running. DON’T B(F)AILOUT.

Keep your heads up and „invest“ the money. Don’t burn it. Give it to the banking system and they will come back tomorrow asking for another 700 Mrd „round.“

Just say no. Don’t let Mr Insanity take you over again. Make suggestions on how to really cure the stuff and not just treat the symptoms

Heute gelesen

Als Kommentar in den BNN vonFrank Herrmann..
„Acht Jahr konnte sich George W. Bush auf sein republikanischen Fußsoldaten verlassen… segneten die Konservativen im Schnelldurchgang ab. … Es ist ein Aufstand der Populisten, der Sprücheklopfer. … Momentan sieht es so aus, als gehe im Kongress die Vernunft über Bord….

Was hat den „Fußsoldaten“ (wie kann man gewählrten Vertretern noch wenig Respekt entgegenbringen) ihr abnicken gebracht? Billionen an Ausgaben, Zehntausende hingemordete Soldaten. Wie soll man das anders bewerten als Disinformation, oder Lobbyismus?

Ich zitiere noch einmal „Vielleicht wirkt es wie ein heilsamer Schock, dass das Nein aus dem Kapitol den Aktienindex Dow Jones rekordschnell abstürzen lies.“

Wer hat den die Aktien verkauft die Abgeordneten, nein alle möglichen die schon fette Beute witterten. Da hatten sie es sich so schön ausgerechnet. Wir machen Sch… und lassen uns dand dafür noch gut von Allen bezahlten. Auch hat Herr Herrman wohl den letzten Tag verschlafen. Da ging es 4,6 % nach oben. Also wenn die 7 % ca 1 Billion „Wert vernichteten“ hat der „Rückschwung ca 400- 500 Mrd wieder „gut“ gemacht. Also machen die 700 Mrd gerad mal ca 6 Prozent im Markt aus. Da soll reichen? Da wird inhaliert und wieder rausgepustet und niemand hat gemerk, daß da etwas gewesen wäre.

Selten hab‘ ich einen weniger durchdachten Kommentar gesehen. Der in sich schon anzeigt, daß es nicht ums System geht sondern die Brieftasche einiger weniger darin. Offentsichtlich hat das aber schon viel zu lange Schule gemacht.

What’s wrong with this picture?

From http://biz.yahoo.com/ap/080930/financial_meltdown.htm

I cite:
„Because the government would be purchasing troubled assets and selling them once the market recovers,“ he said, „it is likely that many of the assets would go up in value over time. Ultimately, we expect that much – if not all – of the tax dollars we invest will be paid back.“

If it’s likely to make a profit why shouldn’t everyone take the chance? Or at least most of them, it‘ old good doing „buy low, sell high“. So let me say if the stuff bounces back why must it be bought from governement?

This is IMHO as clear, that he does not even see this contradiction. There are also a few assumptoins:
1) market will recover (well somehow, someday it surely will)
2) they get the assets below their value, and can wait long enough to wait for their recovery (let me ask why can’t Mr Paulson as private person wait for recoverey. If he’s spend 100 Mio he would not even notice that much less money. Does he own a few planes, boats etc.
3) it also implied that there will be some losses (may be/ may be not)
4) but buying them overprices would give those having collected this fould credits a premium. What should prevent them trying the same again?

I’m sorry but His Insanity simply does not get this things

Look and read careful

Who is not going to start blaming whom? What are the rules for the elected. Do they just have to sit and nodding to whatever idiocy comes along. Who has lied to the parliament, it was Mr Insanity itself. Who declared that the Iraque war is too all good? Who has driven down all sane budget rules?

It was His Insanity. And who has followed nearly all in congres… Who has stand up against him?
No one, now the may see the light at the end of the tunnel. The Republicans and His Insanity, are accountable for that mess. Now, he got what he has deserved since at least five years.

So I ask you watch closely who’s not blaming whom, keep that in mind and see how the same people have done in the past…

Check yourself

http://www.nytimes.com/2008/09/30/opinion/30brooks.html?partner=rssnyt&emc=rss

Obviously leadership means just throwing out money to his guy. I wrote about why I’m against it and it is no plan at all it’s not doing anything to cure it’s just to borrow all sorrow under a mountain of money. Leadership != Money, so if David Brooks does not get it he’s in quite some trouble.

Don’t beat a dead horse?

It’s dead it won’t stand up and run afresh. Don’t mess around with the failout plan any longer, take another way. If I read they are planning to „refresh“ the b(f)ailout plan I start shivering again. See my other entry on how I’d think you should proceed.

B(F)ailout failed

Well step one was a good one, but where are the alternatives. Just saying „No“ is not easy but not mind-bending also. So how to get out that mess. I strongly suggest to discuss drastic steps. At first it must be stated clearly who has gained most during this bubble. That were in fact quite a few but in the end it „stranded“ in the hand of the very rich. They got much reacher, than ever before. The money taken out by incompentent Middle , upper and highest management was way out of line. So
if you follow that, thos who have gained the most should not be taken and „give“ back. The proposal of Senator Sanders would be one alternative.

Howerver everyone taking part in this Monopoly, should take their share. So this means also those having loans they could not afford, have to feel this. But also those whow have sold them this „credits“. They must have seen that many can not affort it. So get to them and let them pay also.

Then you need an „american“ solution. It’s clear that you can not go the chinese way or maybe even some „european“ way. Especially in Germany and France the politics stil have way too much to say and decide. So you can not just go and b(f)ailout everyone. The LB way is harsh but they have taken their chance and they loosed. However the only thing you should concentrate on is letting those not having spend in this monopoly their money. So you must not look after foul credits but those „savings“ people have done. If they spend it in falling bank, well that’s bad luck, every investement can to wrong. Not every idea turns out to have some value, failure must be allowed. I’m aware the line between failure and deception is a very thin one. But betting on ever growing hous prices is way beyond failure it’s deception.

So what other things can you do. Obviously you need not worry to much about Wall Street, they have had their fun, now let them having their hangover. See how much decption was there and you’ll cover quite a mass of the losses. But now what’s left for the Governement. The answer is :
Spend money on your infra-structure, spend money on your people. As everyone knows the infrastructure is terribly wrotten, this was money spend ages ago, but then let down by givign them away. Take them back and build them anew. Ten thousands of bridges are wrotten, the streets are bumpy. Then start getting away from oil, see that you get a functioning railroad and get a functionaing local traffic system. Do encourage people to go by bike, or maybe scooter. You space is sparse, you can not affort just let it be used up by 3 tons of metal. Spend money on education, teach children and grown-ups. Make it’s your primary task to get rid of debts instead of piling layers of debts over other layers of debt. Just imagine you hadn’t all the debt, how much could you spare. All the interest could be not just be to whomever owns the stuff (which you’ve spread all over the world) but things which.

Do start on a sustainable economy. You can not use the whole world as your „money lender“, someday you’ve to pay back, Ask yourself if the billions spend on unsustainalbe stuff really makes any thing better? Get rid of your enormous spendings on weapons, defense against weapons. Forget your star-wars. Spend on thing preserving life, not on things destroying it..

Get back to „civilized“ manners, All Guantamos and „other“ ways of torture must driven back. Those having initiated that must take the responsbility and it would not harm them to see jail from the inside.

So use this breakdown, and don’t repeat your former errors.

If you’re willing to spend 700 Mrd then do it with horse sense.

Stand up take the banner for freedom and democracy. Say no to dictatorship, say no do torture simply learn to say not to quite a few other things. Stand up now or … fail

Next Failouts?

Netherlands/Belgium/Luxemburg

Hypo Real Estate

at least here the banks having started this gambling take responsibility.

Now according to some comments from Paulson, McCain, Merkel, Ackermann you name them.
„There is no problem“…..

Passt scho

Bis auf das folgende Fehler im Ergebnis (SPD 19 Prozent zuviel, CSU ca 43,7 Prozent zuviel) geht die Wahl in Bayern schon in Ordnung. Leider ist die Wahl in Österreich voll daneben. SPÖ zu viel, ÖVP zu viel, FPÖ viel zu viel und BZÖ viel zu viel.

Und die Interviews am Wahlabend waren selbst im Verhältnis zu sonst noch schlechter. Wie heißt es doch so schön „Schlimmer geht immer“ — pass scho‘

Add that

the Failout plans looks for around 700 MRD, but still and without any word
another 25 Mrd were given to the GM, Ford, credits for low consumption cars.

Guess what this car managers are not able to manage also. Their business is to build cars people want to buy. They failed and got b(f)ailed out also.

You got the smell?

Read it, try to comprehend it

Bad, the link is gone, so be it. No idea how to get it back. Sorry guys…

Yes Paulson and Bernake surely knew what’s going on. Their only plan is to avoid that, and read the fine print „it’s the end of your econmic system“. Let’s assume it’s true. Then the system has proved to be unsustainable now. It does not mean it will show this unstustanability later. But guess one enlarges it’s life artificially . Will the end be more merciful?

This plan does nothing for a softer landing, it’s just prolonging the suffering. If at least one could see some effort addressing the base problem: too much money creation. Is there anything provided for limiting it? What’ll happen if banks has to back up their loans with much more own capital. Even a larger distrust could be suspended. The leverage in all the loans and assets is it what has lead to this plight. The leverage must be broken. The bailout-plan has nothing in it for that. So it’s not a plan it contains no „healing“ component. It’s making the same error over and over again just with „more hot air“.

Now let’s see. If the system would be fundamentally fine. Why the hell can it not cope without this „money infusion“? The 700 Mrd are nothing in comparisan to the „real“ money held in the system. How comes that this system can not even deal with less than a few per cent of what they deal with every day?

Go your way

You won’t get any help from politicians nor any of the manager bastards. So bail out, make your own business, or if you must work for this bastards, make your personal bail-out. Get rid of your debt, let everyone laugh at you. You know whom will laugh last. If you are going to buy any of their arguments you have surrenderd to a slaves live.

So make your personal bail-out. The sooner the better….

Wo sind sie?

Die ach so hochgelobten und gut bezahlten Manager. Warum liest man nur über Pläne der Politiker und keine handelnden Manager?

Sieht so aus als könnten die Versarger nicht sondern schauen wie die Kaninchen auf die Schlange.

Manager = Feiglinge

sieht so aus

Verantwortung heuchln solange man selber mi ein paar Millionen nach Hause geht, und wegschieben wenn daneben geht.

Die nächsten US Präsidenten

„Zum dem 700-Milliarden-Dollar-Rettungsplan für notleidende Banken befragt, sagte Obama: „Wir haben den genauen Wortlaut noch nicht gesehen.“ McCain bekräftige immer wieder, oberstes finanzpolitische“

von http://de.biz.yahoo.com/27092008/36/politik-obama-mccain-uneins-irak-fin.html

Is‘ schon klar, sie haben ja nur mit am Tisch gesessen, da gabe es sicherlich keine Unterlagen.

Bloss den Kopf unten halten, andere „verrecken“ lassen und dann die Lorbeeren einheimsen.

Sicherlich waren Obama und McCain nicht im Senat, hat man irgendetwas von Ihnen gehört oder gelesen als es darum ging His Insanity entgegenzutren?

Monopoly

Was müssen meine Augen lesen:
http://de.biz.yahoo.com/27092008/299/unitymedia-deutsches-kabelnetz-unter-dac.html

Klar das Monopol in NRW haben Sie schon, hat ja in den letzten Jahren nur für eine Steigerung um 60 % bei den Gebühren gereicht, ist natürlich echt zu wenig….

Unbedingt lesenswert

Gehen Sie zum Kiosk und holen sich das neueste Manager Magazin, gerade auch dann wenn Sie Manager aus dem Weg gehen wollen.

S. 114 „Zocken bis zum Ende Rezession, Der größte Bankenkrach seit Generationen könne eine Weltwirtschaftskrise führen. Übertrieben? Leider nicht. Die Regierungen der wichtigsten Länder sind dabei, die Fehler der Vergangenheit zu wiederholen“

Vermissen Sie irgend etwas? Ich schon, sehe ich einen Hinweis darauf wie es denn zum Bankenkrach kam? Sehe ich auch nur eine Wort darüber, „wir haben Mist gebaut“ (mit wir wäre jetzt die Wirtschaft gemeint. Nein. Wie meinen Sie wird das bei den „Wirtschaftsleuten“ ankommen?

Der Artikel geht dannn weiter und auf S. 122 „Ein Buch zum Thema aus der mm-Redaktion“.

Es geht munter weite auf 124. „Es ist eine Schweinerei“…. Tenor , alle wußten doch man braucht schwarze Kassen da und dort und was weiß ich wo. Wer hat Ihnen denn die Pistole auf die Brust gesetzt und gesagt. „Ihr müsst in diesem oder jenen Land Aufträge machen?“
Man lese auch speziell die Aussagen über Herrn Pierer in diesem Artikel

und vergleiche mit dem folgenden
Mit am Interessantesten ist es dann auf S. 136 ff. „Mit einem Bein im Knast“. Speziell erhellend S. 142, ich zitiere: „Doch Siemens Chef Peter Löscher und .. Gerhard Cromme vermieden jedes Risiko, stoppten die Anwälte nicht – und zahlten weiter. Rund 770 Millionen Euro habe Siemens ….

Man stelle sich vor eine Firma wie Siemens mit ein paar Tausend Leuten allein im Controlling, ist nicht in der Lage ohne auswärtige Hilfe einen Überblick über die eigene Firma zu geben!

Jetzt rede noch einmal jemand über Inkompetenz…., Heuchelei und Verlogenheit. Ich denke man weiß ziemlich genau die größten Heuchler, nein, sie sitzen nicht nur in den Wirtschaftseliten und nein sicherlich nicht nur in unser Politikereliten….

Wer bezahlt denn die 770 Millionen, sicher nicht Herr Löscher und Herr Cromme. Es ist allehöchste Eisenbahn, die Manager auf annehmbares Maß zurückzubringen und das geht nur indem man die Rechte der Eigentümer stärkt. Trotz all der „bösen“ Staatsanwälter da draußen, von wievielen wirklich angemessenen Strafen liest man denn bei diesen „Managereliten“.

That’s the trouble with lies

This is the trouble with lies. You lie once, and will not loose creditability, twice and you loose a quite a bit more but thrice?

And then you fall back to the same tactics. If not all agree in you lie ? everything will get messed up. Unfortunatly His Insanity has lied more than thrice, and he absolutly makes an impression on not having any clues about reality. And Paulson has alway played down sorrows, „It‘ s all ok“, after the first round of lies (no bailouts) again „everything is under control“ then comes another bailout and then you hear (that was the last time we’d jume for help) and not three days later he has come up whith this IMHO still braind-dead plan. And always it’s treated as if there isn’t an alternative.

This is how during second 2nd world war soldats were send to be slaughtered and it’s the same in Iraque. If you do not search for alternatives, you surely won’t find them.

They’ve lied to often and that makes it unbelievable difficult to „believe“ them once again.
I’d give both some sort of credit if they would put most of what they own to „that plan“. And I’d ask everyone which is for that plan, doing the same. But strange enough that’s not heard from anyone. So how convinced are they „beeing right“, not that much.

Paulsons efforts to get free hand, without any „regulative“, speaks to much of nepotism (especially to this clueless banking collegues), and believing in their risk management seems to be a very bad idea also. So AFAIKT, all the „managers“ in charge (for this crumbling corporations) must either agree to step in with their whole property to fix their errors or
give back most of the money they got during the last years, step back and let others try to fix that messs. That would be without example in history, but it seems really strong things must happen to stop this mess.

Even 700 Mrd $ will not make it…..