Begining with 2006 International credit rating agencies were paid billions of dollars to bundle junk debt for international financiers. All the international credit rating agencies bundled the junk debt and then rated all this junk as AAA+ risk free investments, and having paid the credit rating agencies to do this on their behalf, crooked financiers then sold these junk investments to European banks - making them go bust. Then European politicians decided - the banks can't crash - we must let each state go bankrupt and each state crash instead and take on all this debt from the private sector - (miss-rated by the credit rating agencies and miss-sold by international financiers). And then what happens - the same credit rating agencies start waging war on Europe on behalf of the same international financiers that stole our money - to force Europe to sell all their assets - and the international financiers are using the money they stole from European banks to now buy up the European state assets that we are being blackmailed into selling. This is war - just because there are no bullets, bombs or tanks on our streets - the result is the same These financiers are using the money they stole from Europe to buy up our assets and European companies to ensure they control everything and that the people of Europe have to work longer without pensions, have no state benefits, have no national assets and no armies, navy or air force to defend our selves. While our governments wage war on Libyan people our politicians are too cowardly to wage war right back on the international financiers and the credit rating agencies on our behalf . Why are our governments not investigating this financial war being waged on us and why did they force our states to take on this private sector debt. We should all stand together in Europe and tell the financial sector - every single penny of banking debt is being put into one pot and we are not paying a penny of it until every single transaction and credit rating decision on every penny of the debt is investigated. And if the credit rating agencies were found to be fraudulent in their ratings - then the credit rating agencies take on the debt and also has to pay compensation and punitive damages for each bundle of debt they miss-rated and miss-sold to European banks. This is war and it is time our politicians took the war straight back to the people that are causing it.
Access Investments-Building Awareness - European Union-ROMANIA
Saturday, July 30, 2011
Begining with 2006 International credit rating agencies were paid billions of dollars to bundle junk debt for international financiers. All the international credit rating agencies bundled the junk debt and then rated all this junk as AAA+ risk free investments, and having paid the credit rating agencies to do this on their behalf, crooked financiers then sold these junk investments to European banks - making them go bust. Then European politicians decided - the banks can't crash - we must let each state go bankrupt and each state crash instead and take on all this debt from the private sector - (miss-rated by the credit rating agencies and miss-sold by international financiers). And then what happens - the same credit rating agencies start waging war on Europe on behalf of the same international financiers that stole our money - to force Europe to sell all their assets - and the international financiers are using the money they stole from European banks to now buy up the European state assets that we are being blackmailed into selling. This is war - just because there are no bullets, bombs or tanks on our streets - the result is the same These financiers are using the money they stole from Europe to buy up our assets and European companies to ensure they control everything and that the people of Europe have to work longer without pensions, have no state benefits, have no national assets and no armies, navy or air force to defend our selves. While our governments wage war on Libyan people our politicians are too cowardly to wage war right back on the international financiers and the credit rating agencies on our behalf . Why are our governments not investigating this financial war being waged on us and why did they force our states to take on this private sector debt. We should all stand together in Europe and tell the financial sector - every single penny of banking debt is being put into one pot and we are not paying a penny of it until every single transaction and credit rating decision on every penny of the debt is investigated. And if the credit rating agencies were found to be fraudulent in their ratings - then the credit rating agencies take on the debt and also has to pay compensation and punitive damages for each bundle of debt they miss-rated and miss-sold to European banks. This is war and it is time our politicians took the war straight back to the people that are causing it.
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PARIS—-French banks and insurers lost around €3 billion ($4.23 billion) in the second quarter because of the recently announced Greek rescue plan, indicating that the deal will hit their earnings but won't damage them severely. François Pérol, the chairman of the French Banking Federation, gave the loss estimate based on the €15 billion of Greek sovereign debt maturing between now and 2020 that the banks and insurers hold. This debt will be exchanged for longer-term bonds in a manner that will reduce the value of the holdings by 21%, according to a plan announced last week.
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