05 Οκτωβρίου 2011

That's why October-18 Mafia is the new name of the government of Greece!Το νέο όνομα της "ελληνικής"..."κυβέρνησης"!


October-18 Mafia has created a misery archipelago. Merkel asserts banks have to take larger haircuts. Merkel supports recapitalizing European banks if there is a joint assessment that the banks aren't adequately capitalized and finance officials develop uniform criteria. Germany is ready to discuss possible bank aid at this month's EU summit. http://venitism.blogspot.com

October-18 Mafia, government of Greece, needs a coup de grace now! Merkel dislikes putting her foot down to solve government disputes. She associates that form of exercising authority with ill-tempered men who use arrogance to make up for their lack of competence. And she thinks people who keep banging their fist on the table end up getting ignored in the long run.

Merkel's wings have been clipped, and now she faces even bigger problems ahead. There are rumblings within the FDP and the CSU that could distance the two parties even more from Merkel. Fuehrer Merkozy knows that only imprudent investors would squander their money for October-18 Mafia. October-18 Mafia should be hanged in front of the Grand Brothel on Syntagma Square!

We will never forget October 18, 2010, the most disgusting terror of Greek government! The Fourth Reich bailout of the Cradle of Kleptocracy cannot succeed, because the October-18 Mafia continues corruption, Kangaroo Justice, marilizardism, Marilizard Libel, Marilizard Spaghetti, and Marilizard Towers.


October-18 Mafia is the most disgusting predator of internet on Earth! Civil society was shocked by the brutality and stupidity of the October-18 2010 terror, initiated by the government of Greece. That's why October-18 Mafia is the new name of the government of Greece! Nobody trusts a government that committed the October-18 terror.

There is a cyberspace Armageddon between bloggers and October-18 Mafia. European banks may need more than 140 billion euros of capital through a program similar to the U.S. Troubled Asset Relief Program. Policy makers increasingly want to build a large solvency buffer. Banks in core Europe need to be recession proofed and banks in the periphery depression proofed. October-18 terror has proven that the Greek government is the #1 enemy of the Greek people!

No more hanky-panky from October-18 Mafia! Antonio Borges, the IMF's European department head, says there is no secret at all that European authorities and the European Commission are all working together on a plan to bring more official capital, more public-sector capital, into the banking sector. More should be done on a cross-border basis. Officials in France and Belgium are preparing to save Dexia. Dexia will pool its troubled assets into a bad bank with Belgian and French government guarantees to protect depositors.

Global Tax Revolt promotes an international boycott of October-18 Mafia. Olli Rehn doesn't speak of a concrete plan in hand. He speaks of an initiative, of discussions in progress and he pleads for a European approach. Myriad bloggers, netizens, bankers, traders, and investors have joined the global boycott against October-18 Mafia, government of Greece, penalizing it for its terror on October 18, 2010. The boycott will stop only when October-18 Mafia apologizes for this disgusting terror.

October-18 2010 terror is the butterfly that started the new global depression. Schaeuble said that Germany's Soffin bank-rescue fund, set up in October 2008 during the financial crisis, may need to be reinstated. Schaeuble can be an extremely polite man when he wants to be. At the same, the many difficult years he has spent in politics have equipped with an incomparable sarcasm. Schaeuble often walks a fine line between derision and civility.

Schaeuble has recently been using a phrase that allows himself to conceal his frustration. He uses it in interviews, in internal meetings and in personal conversations, and it marks the beginning of some of his sentences. It can be loosely translated as: Without presuming to impinge on the chancellor's authority.

Helping October-18 Mafia is taxpayers' hard-earned money blown out in the wind! Many eurozone countries have now realized that the July deal is too advantageous for investors and there's too little investor burden sharing. That's why they now push for a 50% haircut. The freakish October-18 Mafia, government of Greece, is still siphoning in all the money with huge taxes and VAT, and Graecokleptocrats still throw Marilizard Spaghetti and build Marilizard Towers, which will only depress the economy further.

October-18 Mafia is the death cross of Greek treasury bonds. You can't just cut your way out of this crisis while continuing political corruption. At some point, the Greek economy needs to start growing again. But this cannot happen in a depressed kleptocracy and marilizardism. Greece should bow to the inevitable, put some Graecokleptocrats in jail, announce a 50% haircut on its debt, drastically cut taxes, especially VAT, abolish marilizardism, and impose a four-year suspension of interest payments on what remains outstanding.

October-18 Mafia has created a liquidity black hole for all Greek investments. Banks are negotiating a bond swap with Greece that would cut the nation's debt load at a cost to investors estimated at about 21 percent. It would be counterproductive to reopen the Greek deal now that investors have signaled support and the euro area's 17 parliaments are close to ratifying the agreements. Banks cannot participate voluntarily in illegal acts, such as fiduciary imprudency. Bank directors are committed to bank's welfare, and not the public interest.

If bankers waive outstanding debts at the expense of the bank, this is a breach of trust and punishable by law. All those bankers, that IIF claims plan to participate in rollovers, might go to jail for violating the fiduciary duty of prudency! October-18 Mafia pressures the banks to participate, but it really opens Pandora's box.

Don't be fooled by any bounce of the October-18 Mafia dead cat. When the bailout was announced, banks and other bondholders were expected to contribute about 50 billion euros alongside 109 billion euros in public funds and a proposed 20 billion-euro debt buyback. Schaeuble told reporters in Luxembourg yesterday that the deal may require adjustments depending on whether Greece has met its commitments and other developments.

Quo vadis October-18 Mafia? Greek 10-year bonds trade for about 39 cents on the euro and two-year notes for about 43 cents. Global Tax Revolt was the first organization to report the October-18 2010 terror to all banks, hedge funds, big investors, traders, and analysts. As a result, the yields of Greek treasury bonds skyrocketted, as no prudent investor was willing to touch them. Never catch a falling October-18 Mafia knife.

Marilizard's stupidity cost October-18 Mafia, government of Greece, many billions of euros! The only thing October-18 Mafia got out of this terror is toilet paper in the form of worthless Greek treasury bonds! The world turned upside down on October 18, 2010. October-18 Mafia is the #1 enemy of the Greek people.

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