Financial fuckery thread

[Junkenstein]

Well, Osborne roused himself from his party strategic musings (his real job - Chancellor is only his cover identity) to say that the findings of the inquiry "may" affect the Banking Reguations Bill.

Which is of course political code for "go fuck yourself".

This is most unusual.

I thought the way to behave in government these days was to swear to implement all reforms immediately in full, regardless of what the actually are or are about. Then impersonate a fish on dry land for a few weeks until the next scandal.

Very odd. Far too cautious. Must be a reptoid.

[Cain]

"Go fuck yourself" itself.

Unfortunately, that only ever seems to get any form of use in Australia's Parliament.

[Cain]

Well, Osborne roused himself from his party strategic musings (his real job - Chancellor is only his cover identity) to say that the findings of the inquiry "may" affect the Banking Reguations Bill.

Which is of course political code for "go fuck yourself".

This is most unusual.

I thought the way to behave in government these days was to swear to implement all reforms immediately in full, regardless of what the actually are or are about. Then impersonate a fish on dry land for a few weeks until the next scandal.

Very odd. Far too cautious. Must be a reptoid.

Well, we do know his boss, David Cameron, is a lizard.

[Junkenstein]

I thought Cameron was some kind of Skin-suit that Blair invented.

The more you know.

[Junkenstein]

Wait, what?
http://www.bbc.co.uk/news/business-22977174

Italian fashion designers Domenico Dolce and Stefano Gabbana have been sentenced to jail in Italy for one year and eight months for tax evasion.

The pair were not at the trial and deny the charges.

They are accused of hiding millions of euros from Italian tax authorities.

Dolce and Gabbana have not yet given a public comment on the sentence and are likely to appeal the verdict. They are said to be unlikely to go to jail any time soon.

I need to get into the Italian justice system more. Corrupt and incompetent seem to be the watchwords.

[hirley0]

ad 40725 is the global Econ worth a whole line? http://www.curtrenz.com/
i sort of doubt that. that is worth a dropped carrier there is 0 doubt
maybe more than 1 any way i xpect a double top {LoC2
So 5/17 to 6/17 = 30d Shirley the second is at least a month away
and it's not out of the question that the bottom of the dip
May be that far out itself, Just when that event takes place is a?
i'LL leave to others to debait /-/AHa hasta" LegGo'

[hirley0]

40769 to boaring for words {LoC1
to reel to be allowed as thought without LoC & ASSociated time delays
- {never mind , the origonal thought has vanished
www.how-do-you-spell.com/origional
ictionary.reference.com/browse/original
LoC2,3 &4?Loss of Carrier :::
anyway about the time interval between the doubling of the price
which i say in the prior 4 score has been 20 years ? Price doubled twice?
My guess is the period has changed, and is probably half what it was
& will continue to be shorter & shorter as the length of the year ?/?
increases /-/A HA ha not funNY My JoK {never mind bac2
tomorrows open | where ? Tokoyo ? Minilla | where does matter
Not at the pole | Now on to the graphics .. not POLAR yet U bet
LoC5,6 &7?
- {never mind , the origonal thought has vanished
www.how-do-you-spell.com/origional
ictionary.reference.com/browse/original
LoC2,3 &4?Loss of Carrier :::
anyway about the time interval between the doubling of the price
which i say in the prior 4 score has been 20 years ? Price doubled twice?
My guess is the period has changed, and is probably half what it was
& will continue to be shorter & shorter as the length of the year ?/?
increases /-/A HA ha not funNY My JoK {never mind bac2
tomorrows open | where ? Tokoyo ? Minilla | where does matter
Not at the pole | Now on to the graphics .. not POLAR yet U bet LoC5

http://www.principiadiscordia.com/forum/index.php/topic,20156.msg1269670.html#msg1269670
YEAH? LooK BACK THERE? read up g5,4,3 etc
mY gUESS IS ITS TIME TO exit spy?dow 7:47AM PDT

XactLy Y i check this BS is Beyond Some Reason : i did check the German
forcast for the DOW  the July Low 145? was touched today ?/? so maybe
its over. i rather 'poise another gap down tomorrow? so at this time ..
NoOn My guess is to take a day trade profit | Mkt oN close & remain
short anyway as far as my real view why do anything
its all just propaanda. telling me that the Sandcockewes are worth
tv min and Japan is worth something?/? Maybe a waist deposit
of UNwanted materials, to the depth of the tallest structure. bac2QU:{LoC

ad 40853 There are possibly afew more points on the DOWN side
However with my monitor down, my only statement must be
GET OU & TAY OUT BAC2hOs ASAP {? 4July ?
ad 40892 new monitor off junk pile & time to reboot = 0"

[Junkenstein]

Some HO HO sir?

http://www.bbc.co.uk/news/business-23020508

The number of cases of serious tax evasion are at their lowest level in the five years, despite widespread belief it is on the rise, according to a report by law firm Pinsent Masons.

HM Revenue and Customs defines tax evasion as "serious" when the sum involved is higher than £50,000 or it is worthy of prosecution.

HMRC found evasion cases fell 16% between the two most recent tax years.

The report comes as governments have vowed to cut corporate tax avoidance.

HMRC's local offices reported 2,888 suspected cases of tax evasion, down from 3,456 in the previous 12 months, it said.

HO HO HO.

The missing word here is "Detected".

Remember that HMRC have had lay-offs like everywhere else. And that they are still taking the "Light regulatory touch" approach to tax(I.e - Pay what you want) which is why Starbucks recently paid what they felt they could get away with.

[Junkenstein]

Totally shocking news:
http://www.bbc.co.uk/news/business-23065501

The Office of Fair Trading (OFT) has referred the payday lending industry to the Competition Commission because of concerns about "deep-rooted problems with the way competition works".

The OFT said it found that customers found it difficult to identify or compare the full cost of payday loans.

The OFT added that there were barriers to switching between lenders when loans were "rolled over".

It was also concerned that competition was based on speed rather than cost.

"The competitive pressure to approve loans quickly may give firms an incentive to skimp on the affordability assessment which is designed to prevent irresponsible lending and protect consumers," the OFT said in a statement.

No surprises, but just wait to see how toothless the regulation, if any is. If you can get an MP's ear for a couple of grand, I bet they've got more than a couple of mates in Government.

[Junkenstein]

http://www.bbc.co.uk/news/world-europe-23081752

The so-called Anglo tapes date from September 2008 when the bank was on the verge of collapse.

Former chief executive of the bank, David Drumm, can be heard setting out the strategy for the meeting.

"Get into the f***ing simple speak: 'We need the moolah, you have it, so you're going to give it to us and when would that be?' We'll start there," he said.

Mr Drumm was speaking on the phone to Director of Treasury John Bowe.

He said he would threaten regulators unless they wrote him a cheque.

"I'm going to keep asking the thick question: 'When, when is the cheque arriving?'" he said.
...

"Because if they don't give it [7bn euro (£5.9bn] to us on Monday, they have a bank collapse. If the f***ing money keeps running out the door, the way it has been running out the door."

The former bank chief said he would "lose the plot" and threaten to hand over the keys to the bank and walk away.

He said: "If you want the f***ing keys now, I can give them to you. So I'm relaxed about it."

Classy. Talk about entitlement writ large. I wonder how many other banking execs made calls like this?

It also gives a bit of an insight into the way banks interact with government.

[Junkenstein]

No surprises:
http://www.independent.co.uk/news/uk/politics/top-tory-funder-runs-highcost-loans-company-8656356.html

A top Conservative Party funder is revealed today as the man behind one of Britain's biggest high-cost lenders.

Financier Henry Angest – a friend of the Camerons and a former Tory Treasurer – gave the Conservatives a £5m overdraft facility shortly before the last General Election at an attractive interest rate of just 3.5 per cent.

The high-cost credit company Mr Angest controls, Everyday Loans, charges members of the public interest at an average 74.8 per cent APR.

Indicates the continued secured future of payday loans with an APR of Fuckyou%.

The Tory grandee behind one of Britain's biggest high-cost lenders, Henry Angest, is estimated to earn £519,000 as chief executive of the exclusive private bank Arbuthnot. He is one of the Conservative Party's largest financial backers, having channelled almost £7m to the Tories in loans and donations over the past decade.

Married to Dorothy, he is a publicity-shy, Swiss-born, respected City investment banker who is a former master of the Worshipful Company of International Bankers. His passion – apparently – is dendrology, the study of trees.

A google on the bold leads to a font of shitbaggery.

http://www.internationalbankers.co.uk/content/master_court.aspx

A few names on that list stand out as obvious bastards. I suspect you can tell a lot just by the nature and structure of the pseudo-freemason thing. For instance, bankers getting their jollies from a club they've set up. Which in no way assists the cartel aspect of banking at all.

[Cain]

Via Naked Capitalism, a 2008 paper:

http://emlab.berkeley.edu/users/webfac/bardhan/e271_f08/suresh.pdf

Covert operations organized and abetted by foreign governments have played a substantial role in the political and economic development of poorer countries around the world. We look at CIA-backed coups against governments which had nationalized a considerable amount of foreign investment. Using an event-study methodology, we find that private information regarding coup authorizations and planning by the U.S. government increased the stock prices of expropriated multinationals that stood to benefit from the regime change. The presence of these abnormal returns suggests that there were leaks from the CIA or others in the executive branch of government to asset traders or that government officials with access to this information themselves traded upon it. Consistent with theories of asset price determination under private information, this information took some time to be fully reflected in the stock price. Moreover, the evidence we find suggests that coup authorization information was only present in large, politically connected companies which were also highly exposed.

This could also link into PRISM and NSA surveillance, though we have no evidence as of yet.

[Telarus]

Oh, very interesting...

[hirley0]

ad 41381 4NuK2 41404 Lots4 ?buy?{ad 41440 ad 41454} 41577
ad 41358 the color is fixed? does the trix's <Ro-oL>
ad 41317 Really TV.cam ON WRONG SIDE OF  ЯR >pr.CAM {IMO
Look elsewhere to pass the time
^read up^ todays opinion is the MkT is as doo dead on open
THUS ?/? $60/MONTH OF ELECTRICITY was about
THUS ?/? $60/MONTH OF ELECTRICITY was about
4. $60 = Cost Of Usage ==  kWh rate * Kilowatt Hours (kWh)  (.1*600)
3. 600 = Kilowatt Hour (kWh) == Hours Of Use * Kilowatt (kW) ((24*30)*.8 )
2. .8 = Kilowatt (kW) == Watts / 1000 ( 800 }?
1. 800 = Watts ==Volt x Amps   (120 * 7}?
0. 7to11   AMps = About Ten*6.24e18 OR 7e17 electron's per sec *2.6e6 /M
-. 2e24    per Month {Maybe {{ check it for yourself {{{ Errors probable
-- 6000¢/2e24 = 10^20electron'$=.3¢ { again Maybe
http://wiki.answers.com/Q/How_many_electrons_per_second_does_one_amp_equal
http://www.wrecc.com/residential/simpleElectricalFormulas.aspx
http://wiki.answers.com/Q/How_many_electrons_in_1_kWh
http://wiki.answers.com/Q/How_many_electrons_per_second_does_one_amp_equal
http://www.wrecc.com/residential/simpleElectricalFormulas.aspx
http://wiki.answers.com/Q/How_many_electrons_in_1_kWh
?1
LINK bac2 JUNE One ampere is 6.25 X 10^18 electrons per second
http://www.webmath.com/kwh.html $0.05 per kiloWatt-hour is a "ball park" cost for electricity
http://en.wikipedia.org/wiki/Electricity_pricing BUY}Kuwait, Russia, Bhutan | SELL Solomon Islands, Denmark
http://en.wikipedia.org/wiki/Cost_of_electricity_by_source NG:65.5 SolarT251
Coasting along with the IMf WBo & a 3rd ACrowNIM i dont know ECB
below may be my view of the exchange rates for " THE ELECTRON " ^READ UP^

[hirley0]

v DOWN v
ad 41500 tekcf ? bmrn 5D/s  B/V5d
ad 41563  yeah: LoOks like its OvEr A.M. Lost? is my guess
ad 41618 { Maybe?/? if long? sell the open & take the cash
ad 41643 Look? With A German offing France Seams a sure bet