Friday, June 29, 2012

Massive Global Bbanker Scandal Revealed





Massive Global Bbanker Scandal Revealed – Beaking News in the Mainstream Media

RTINGE

It’s finally coming out in the public spotlight in a big way, the semi-covert operation that has been going on behind the scenes for a few years now: the take down of the criminal bankers.

 Now we know exactly why those hundreds of bankers have been resigning in droves all over the world these last several months, they knew this was coming.  I’ve read that resigning won’t protect the from prosecution for their crimes, however, the authorities know who they are and what they’ve done.

I like to point out how truly great this is because at the heart of all the greed, evil, war, poverty, and corruption in the world is finance.  It’s through the control and manipulation of the monetary system that the oligarchs wield their sociopathic power.

They are like the mafia, only much much bigger because they occupy powerful positions world wide in finance, politics, and corporations.  So this is really striking at the heart of the beast, and that’s why it’s such a great thing and will hopefully have very far reaching positive consequences for the entire planet.  If that seems is bit exaggerated or overly dramatic hehe, then just wait until the true extent of the theft is revealed   Apparently, or so I’ve read, it’s of a magnitude that is a little beyond most people’s comprehension, the vast amounts of wealth that has been illegally extracted from nearly every nation on the planet for generations.

Imagine stealing a significant % of everyone’s income (almost everyone in the world) for the last 80 years or so.  That’s essentially what it boils down to, and it’s just an unimaginable amount of money, and most of it taken from people struggling to get by or just survive.

And this is just the tip of the iceberg with regard to what’s been going on in this crazy world.

15 Most Hated American Companies




Fifteen most hated American companies, in order:

1. Long Island Power Authority
2. Northeast Utilities
3. Charter Communications
4. Comcast (Television service)
5. United Airlines
6. Time Warner
7. Cox Communications (Television Service)
8. American Airlines
9. US Airways
10. Delta
11. CenturyLink
12. Facebook
13. Aetna
14. DirectTV
15. Bank of America

Full article here: http://finance.yahoo.com/news/the-15-most-disliked-companies-in-america.html

Russell Brand slates Olympics




2012-06-28 17:50


Los Angeles - Russell Brand thinks the London 2012 Olympics will be a disaster.

The comedic actor admitted that he thinks China did a great job of hosting four years ago and the British are not good at organisation.

He told America's Conan O'Brien: "China did such a great job. We are too clumsy, we are too self-effacing as you know with the English the politeness masks deep sexual deviance.

"I think we are under a lot of pressure, because China were clearly able to demonstrate the opening ceremony that 'we can make all these people do the exact same thing at once - don't you dare get in a war with us.'"

He continued: "I like England and I am from there. But when it involves organisation it is going to be a right balls up.

"Things will catch fire and people will be tripping over things, then it will start raining and the Queen will do a fart."

'It is time for a bloody revolution'

Russell also admitted that he did not celebrate Queen Elizabeth's Diamond Jubilee this month.

He admitted: "It is hypocritical, isn't it? We will rise up. I say it is time for a bloody revolution. Some people are into it and it only takes one to chop off someone's head.

"People need to have things to celebrate otherwise people realise we are oppressed and unable to express ourselves freely because we are at the behest of all these corporate entities.

"So yeah they have a party to distract us from the fact we are being tyrannised."



NOTE: In Britian pretty much anything one is passionate about is called "bloody", doesn't mean he's calling for violence.  You could easily substitute friggin' in the sentence in the USA.  -AK

Five of the Biggest Banks in the United States are Putting Finishing Touches on Plans For Going Out of Business




By David Henry and Dave Clarke
NEW YORK/WASHINGTON | Wed Jun 27, 2012 4:29am EDT

(Reuters) - Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of government-mandated contingency planning that could push them to untangle their complex operations.

The plans, known as living wills, are due to regulators no later than July 1 under provisions of the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts by the government. The living wills could be as long as 4,000 pages.

Since the law allows regulators to go so far as to order a bank to divest subsidiaries if it cannot plan an orderly resolution in bankruptcy, the deadline is pushing even healthy institutions to start a multi-year process to untangle their complex global operations, according to industry consultants.

"The resolution process is now going to be part of the cost-benefit analysis on where banks will do business," said Dan Ryan, leader of the financial services regulatory practice at PricewaterhouseCoopers in New York. "The complexity of the organizations will shrink."

JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N), Citigroup Inc (C.N), Goldman Sachs & Co (GS.N) and Morgan Stanley (MS.N) are among those submitting the first liquidation scenarios to regulators at the Federal Reserve and the Federal Deposit Insurance Corp, according to people familiar with the matter.

The five firms, which declined to discuss their plans for this story, have some of the biggest balance sheets, trading desks and derivatives portfolios of financial institutions in the United States.

Great Britain and other major countries are imposing similar requirements for "resolution" plans on their big banks, too.

The liquidation plans are coming amid renewed questions about the safety of big banks following JPMorgan's stunning announcement last month that a trading debacle has cost it more than $2 billion - a sum far too small to endanger the bank, but shocking enough to bring back memories of the financial crisis.

A NOD TO GLASS-STEAGALL

If the extensive planning and review process works as proponents hope, big banks will become less hazardous to the public and regulators will be more confident that they can let wounded institutions die without wrecking the economy.

In congressional hearings earlier this month, JPMorgan CEO Jamie Dimon said that the bank's contingency plan for going out of business would let it fail without cost to taxpayers. Living wills reduce the systemic risk of a big bank failing, Dimon said.

The living will requirement could actually yield similar results to restoring Glass-Steagall without actual re-enactment of the Depression-era laws separating commercial banking from investment banking, former FDIC Chairman Sheila Bair told Reuters TV earlier this month.

Bair said regulators may determine that for a liquidation plan to work, a bank must separate traditional banking and insured deposits into subsidiaries set apart from volatile securities trading and securities underwriting.

The rules push banks to untangle their complex structures, which can include thousands of legal entities, and which, in Bair's opinion, have effectively blocked proposals for breaking up the corporations.

Whether the Fed and the FDIC would actually force any banks to sell businesses or cordon off insured deposits remains to be seen, cautioned Richard Herring, a banking professor at the University of Pennsylvania.

"We don't know if they will have the guts to do it, but the tools are there," said Herring, a leading proponent of living wills for more than a decade, who was appointed to an FDIC advisory panel on the plans.

Herring worries, too, that the plans will be so long and complex that they will overwhelm the staff at the agencies.

Still, that the plans are being written at all is progress, Herring said.

PLAN FOR TWO WAYS TO DIE

Under the Dodd-Frank Act, banks and regulators must imagine liquidations in two different ways. The first is through bankruptcy courts with banks negotiating with their creditors. This is the going-out-of-business method planned in the living wills due July 1. The living wills must include how subsidiaries in foreign jurisdictions will be liquidated.

The second way is through a new kind of liquidation process in which the FDIC takes control of putting a financial giant down. This method has more flexibility than is allowed in bankruptcy courts, but still uses critical information collected in the banks' living wills, such as where exactly to find collateral.

The new rules stagger deadlines for the banks to file plans, depending on their size and complexity. Nine banks will file first, including five based in the United States and four owned abroad. Regulators have declined to name the nine banks included in the first round.

Other large banks will have until July and December of next year to hand in their plans, according to the FDIC. Eventually about 124 banks are expected to submit plans, according to the FDIC. There are about 7,300 banks in the United States.

Regulators and the big banks have been meeting since January on what the plans are expected to include. Fed and FDIC officials have said they expect the back-and-forth to continue once the plans have been submitted.

The rules give the banks a series of chances to refine their plans.

But if banks cannot come up with feasible liquidation plans, regulators could order the banks to get rid of businesses.

Government intervention is a last resort, said John Simonson, the FDIC's deputy director of Systemic Resolution Planning and Implementation in the Office of Complex Financial Institutions.

"I think a lot of progress can be made in having these firms make themselves more resolvable before you get to that point of actually imposing those severe remedies," Simonson said.

The regulators will want to see evidence that the banks can safely resolve their debts and transfer vital customer services and assets to healthy institutions.

The plans could easily be 2,000 or 4,000 pages long, depending on the complexity of the banks, said Ryan of PricewaterhouseCoopers. The plans include "very granular detail" about bank operations, he noted, adding that "in many cases, this is a large documentation exercise."

For example, the banks must spell out plans for hiring lawyers and contacting regulators in key countries.

The rules for crafting the living wills are 74 pages long, including an explanatory supplement. The plans could even include drafts of press releases showing how the banks would announce that they are going out of business, Herring said.

The plans are to include summaries for the public, but most of the data will be kept confidential at the request of the banks concerned about revealing trade secrets, according to the rules.

The FDIC has not said when the summaries would be released.

The regulators estimated it will take all of the 124 banks combined about 1.3 million hours of work to write their initial plans, and each year afterwards, 267,544 hours to keep them up to date. A 40-hour work week for a single employee equals 2,080 hours a year.

(Reporting by David Henry in New York, Dave Clarke and Karey Wutkowski in Washington and Rick Rothacker in Charlotte, North Carolina; Editing by Alwyn Scott and Jan Paschal)

New Portal in Sun, June 28, 2012


I haven't posted videos from this Brazilian source before although I have watched a number of videos over the months. This video is interesting for the massive Star Gate that is forming on the surface of our Sun.

I asked Cobra if he knew about this and this was Cobra's reply: "Yes. Positive ETs are using the Sun portal to callibrate energies for our little planet."







"Those who are speculating on this triangular patch on the surface of the sun are right to say this is a portal.

This was a further feature of the sun that would be better explained by those skilled Krulians. The Suns represent the equilibrium points of its adjacent systems and are therefore the focus of high energy detectable over long distances. The Krulians mainly long ago developed a system for the activation of portals connecting the suns on major routes to all corners of the galaxy where the movement of large ships is necessary.

Usually there is carefulnot to expose the portal to the colonies have not integrated, but you, with all the probes sent for observation, would register at some point the open gate. It never stays open long, usually only about 30 minutes between opening and closing, but this time, for some reason it has been apparent for many hours. That's enough for you to register it clearly with your probes. Your “Inner NASA” and consequently your governments are familiar with this gateway for quite some time, and will not affirm nor deny its existence because they prefer to keep quiet about what they do not want to officially become public. Not up to me to explain it but since the matter became public, okay.

See, your government did not erase those images deliberately. They are deliberately leaving some edges to fall into the public domain thereby causing misinformation as there is no official definition for such images.
This special portal in the sun is used for very large ships and even whole planets, because they require an enormous heavy transport energy demand to maintain a large "vortex bending" enabled. For the record, there is also a great gateway for the transfer of raw materials installed in the upper pole of Saturn, managed by 'Camelopardalis, but is not used for regular spacecraft traffic. The "Inner NASA" also has long been aware of it.

Long ago, about a billion years, there was a great process of preparing the Earth for future colonization. The size of your moon was then calibrated and adjusted its orbit to provide the ideal balance to the planet's climate. The ratio between the average distance from Earth to the moon, and the average distance from Earth to the sun as well as the relationship between the diameters of the Sun and Moon is a constant. For this adjustment was made, large ships had to be transferred here to perform the job. That is when the portal was created especially to your sun. In our vast universe, with all that has been done, almost nothing was covered. For the record, this portal was the path used by the planet Pleiadeans or Enoch, to be transported here. It was the first planet to be teleported to this quadrant of the galaxy. The mother ship Krulian among other big mother ships also can only be transferred through the solar portal due to its physical size and volume. All other ships that you have detected orbiting near the solar surface are over 70 different races that currently travel through your solar system. They use the sun to recharge their energy concentrators.

If you are traveling from near-by suns of your galaxy, most ships can open their own gateways to transfer to their target planets, and when they do, they approach the sun to get the amount of energy required for this operation. You will see many times the planet Enoch near the sun during this year; it is the site of lowest gravitational influence of the system."
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