I did a short series a few months back about some of the stupid laws stupid politicians had made. They were quite funny and most of them dated back many years, they just hadn’t been taken off the statute books.
That excused the old laws, maybe.
But they are still at it even today!
I know that you shouldn’t expect too much when a group of uninformed and irresponsible people go out and vote to elect a smaller group of uninformed and irresponsible politicians, while most people stay at home. But we call that democracy these days. And in what passes for normal times you can get away with it.
But these are not normal times we are living in. America, and most of the western world, is in desperate trouble economically. We need help from our politicians.
Help to stimulate economic growth; help to make it easier to do business in and from the US; help to protect us from cheap inferior crap being imported that has destroyed local jobs and industries; help for entrepreneurs to establish new wealth generating businesses; and help from the socialist bureaucratic nightmare that is completely out of hand.
As regard the stupid laws, these days most of them center around ways that bankrupt governments, whether national or local, can think up to extract more and more from the people who elected them.
Currently US bureaucrats are frantically trying to think up another way to tax the internet. Previous attempts failed because of public outcry, but sooner or later they will do it and who will it help? Everybody who isn’t in business in America and the EU probably, because it won’t apply anywhere else!
The mantra of these idiot bureaucrats is to make America more productive and prosperous by making America less competitive and poorer. It sits nicely with their other mantra of solving economic woes by extracting more and more tax from less and less income. Neither works and never will.
What prompted this rant?
Well only the unbelievable fact that the idiot politicians in Maryland have decided to tax rain.
Yes, you read it right, the idiot politicians in Maryland have decided to tax rain.
They call it by a fancy name, of course, the “Impervious Surfaces tax”, or ”storm water management fee”, but what it in effect does is to charge Maryland residents for rainwater that falls on their property.
Naturally, the bureaucrats are dressing up this latest money grab with the lie that it is for the benefit of the people. It’s bit like a pick pocket excusing his theft by saying he was relieving you of the burden of carrying your wallet around in your coat pocket. And it makes just as much sense!
Thankfully, however, there seems to be a few with a working brain left in local government. Anne Arundel County Executive Laura Neuman, for example, vetoed the tax proposal which unfortunately won’t kill it, but will give a little bit of breathing space.
But if the residents of Maryland are “chicken” enough to fall in line with this new tax – and so far it seems most of them have been dumb enough not to even notice it at all – then it won’t be the end of it.
Democratic Maryland Gov. Martin O’Malley, who guided the passage of the storm water tax earlier this month, despite efforts from Republicans to dismantle the bill, has already been responsible for implementing 37 other taxes and fees since taking office — at a cost to residents estimated at somewhere in the region of $3.1 billion annually.
Does anyone really think an idiot like this is going to let the people have air and sunshine for free???
The original title of this post was “Farting On Airplanes” because it is really about farting on airplanes, but I thought it might be better just to call it “It’s An Ill Wind”.
No, come on, now you know don’t turn your noses up, or pretend this is something that (a) you’ve never thought about, or (b) never done. Farting on airplanes is an international phenomenon that transcends all nationalities, religions, ages, creeds, classes and colors.
It is in fact the common bond of all the world’s travelers.
Whether it can ever bring us closer together, however, is another thing (Phew!)
This is a quite embarrassing story. Not something one would normally admit to, but people write unusual things on blogs.
It concerns one of the first long haul flights that I was ever on.
Nowadays, as a seasoned flyer, I always have a good meal before the flight. I don’t suffer from air sickness of any kind and I don’t care for the stuff they call airline food. Back then, however, I was a novice and ended up on board without any breakfast other than a cup of coffee. My stomach was empty – of food anyhow.
All was well for about twenty or thirty minutes and then it started.
The obvious solution would have been to get up and go to the toilet. But easy options aren’t the way I have gone through life so far.
Also it was a big plane, a 747, and the toilets were quite a bit away from my seat. I would face a long walk down the narrow aisle.
Not that the walk itself was the problem. It was just that whoever designs airline seats has arranged things so that the nose and ears of the person sitting down is just about at the same height as the bottom of the person walking casually past.
You see the predicament?
In any case, I found myself in a window seat with two other seats to negotiate before I got to the aisle. Such was the pressure building up that I feared the exertion of hopping over the additional seats would make the whole purpose of the journey somewhat redundant.
There was nothing for it but to stay where I was, with the unfortunate choice being either bursting or releasing some of the pressure. Not unnaturally I chose to do the latter option.
As these things go it was a substantial outcome. But the drone of the plane engines (they were a lot louder in those days, I think, I hope, weren’t they?) seemed to drown out any other background noises.
I didn’t hear a thing.
I double checked by having a quick look at the person unfortunate enough to be sitting beside me, but there was no sign in the expression on his face that anything untoward had happened. Either that or he was a professional poker player with a practiced deadpan expression – or in a state of semi consciousness as a result of the concussive force emanating from the seat beside him.
My confidence grew. I thought of the famous campfire scene from Blazing Saddles and let a few more go in tribute.
I was so happy at the relief and at the fact that all was undetected that I allowed myself a triumphant smile, and then even a laugh. The movie I was watching was a comedy so my laughter didn’t look out of place either.
It was all good.
Hang on a minute.
All was not as good as it seemed.
Cut the laughter and cue serious worried face.
I suddenly realized that all this time I had been wearing the headphones the flight attendant had given us for the movies they were showing. No wonder I had heard nothing!
Oh dear me! What had I done?
Well, I knew what I had done, of course. The big question now was, did anyone else know? Had they heard me doing it?
I looked again at the man in the seat beside me. Again no perceivable reaction on his face that indicated that anything out of the ordinary had happened, although now I was aware of them I saw that he too was wearing the headphones.
I was relieved a bit, but still very curious. And when I get curious about something I have to try to find an answer.
So there was nothing for it but let rip again, this time with my headphones off.
And that’s what I did.
Thankfully, in the interests of the scientific experiment now under way, the quality of the offending item had not diminished in force. A guy knows about these things even without any audio feedback.
To my great relief, in every meaning of the word, I still didn’t hear a thing. The drone of the airplane engines had indeed drowned out any other sounds.
It was a magnificently liberating experience and from that day on I have never looked back, as it were.
Further experimentation revealed that the same undetectable result could be achieved even on much smaller airplanes. Commercial jets I’m talking about, of course, this is not a sport to indulge in on a single engined Cesna or something like that.
I also found out that it is possible I have been saving the airlines lucky enough to win my custom a small fortune. As you know the air in airplanes these days is all re-circulated and, as the methane content of a fart is lighter than air, the captured gas therefore contributes to keeping the airplane airborne with a consequent saving on fuel. That’s my story anyhow.
And the good news just keeps on coming.
Independent research confirms that a person’s sense of smell is greatly suppressed in the reduced cabin air pressure, which incidentally is also why airplane food tastes so bad.
So now if you are on an airplane and sitting beside someone who is chuckling to himself – or herself, yes ladies your secret is out – you’ll know the real reason why!
As well as being the biggest F’ing title ever seen on a WordPress blog, it drew attention to the debacle that was the much heralded launch of Facebook shares on the stock market.
Well, the fallout from what is now being called the IPOcalypse continues.
The head honcho at Nasdaq has had his CEO’s bonus slashed because of it, and rightly so.
But don’t start feeling sorry him just yet. Even with a slash he will still be taking home a $1.3m bonus, slightly north of half a million dollars lighter than it would have been, but still enough to get by on.
Oh yes, and that’s bonus on top of his $1 million salary!
Others at Nasdaq have also been penalized, including Anna Ewing, VP in charge of “technical glitches” that messed up the first day of trading. Her bonus was cut by over a quarter of a million dollars. But keep those hankies where they are, she is still left with a $574,125 bonus for the year.
Losses for angry brokers and traders from the botched IPO, on the other hand, have been estimated at around $500m. Nasdaq has approved just $62m in compensation, I suppose they needed the rest of their money to pay out the bonuses?
Like the banksters, it all begs the question of just how incompetent do you have to be in the financial industry to not just lose your bonus, but lose your job as well?
It was either a title with a pun in it or just call today’s post “The Sunday Sermon”, but as you can see the pun got the better of me as usual.
If you hadn’t guessed, this one is my take on the goings on in North Korea.
Here we go….
Before the sermon starts I should preface it by saying we are in the current mess because politicians faffed about instead of stopping the proliferation of nuclear weapons when they had the opportunity. It’s their mess, but unfortunately we are all in it with them.
JFK had Cuba and now BHO has North Korea, both countries run by dictators and both in their time posing a nuclear threat.
Why do the Democrats always get the best crises? Poor old Dubya and his greedy and power hungry ally in Britain, Tony Blair (often deliberately spelled Bliar for good reason), had to make up an excuse to start a war with Saddam Hussein. Remember the Weapons Of Mass Destruction that never actually existed?
Of course, when JFK was doing his statesman like thing, during his brief breaks between his girlfriends, I was far too young to know or care about nuclear threats or more world wars.I had other more important things to be getting on with like battling invaders from Mars or trying to pluck up the courage to explore that eerie wood just a short distance from the bottom of our garden.
So what I know about the Cuban crisis of the early 1960s is all gleaned from books and reports from that period which are now a matter of history. (We’ll leave the debate about just how accurate and reliable that is for another time.)
The truth seems to be that the Cuban nuclear crisis had very little to do with Cuba or Castro. It was a posturing competition between the United States of America and the Soviet Union, and to a lesser degree a pissing contest between Kennedy and Khrushchev.
In both Washington and the Kremlin, although there were the warmongers, there were more people who were sensible enough to realize that devastating each other’s countries would leave them both weaker and achieve very little.They were able to reach that conclusion simply because they were people who were not completely insane or delusional.
It probably seemed difficult at the time, but for JFK it was a relatively easy crisis to manage.
The ‘nuclear crisis’ facing Obama, if indeed it is that, is a different kettle of fish because Kim Jong-un shows all the signs of being both delusional and ever so slightly insane.
He can’t be held entirely to blame for this. He is the son of a long time dictator, who himself suffered from multiple delusions. And he was brought up in a militaristic and jingoistic regime, which is what dictators like to create for themselves simply because it makes their own people easier to control. North Korean propaganda has taught the public that military goals and economic goals are intertwined and therefore that Kim Jong-un’s actions are for the good of his people.
In the latest moves to up the ante, the North Koreans have told Britain and Russia that they should consider the evacuation of their embassies in Pyongyang. They have also moved another missile to their east coast as a further threat to US Pacific bases.
This in itself is just the latest response to UN sanctions and South Korea-US military drills, both of which have done nothing to ease tensions and in fact have annoyed the North Koreans immensely.
Now the North Korean army is saying that it has received final approval for military action, possibly involving nuclear weapons, against the threat posed by US B-52 and B-2 stealth bombers taking part in the joint drills.And all this has been accompanied by a series of apocalyptic threats of nuclear war in recent weeks.
The trouble with all this posturing is that Washington, which always gets a ‘F’ for ‘FAIL’ in Foreign Policy, very seldom, if ever, gets it right at the right time.
Washington doesn’t seem to understand that the macho culture in many other countries makes it extremely difficult for them to be seen by their own people as the one who blinked first. Losing face has a terrible stigma for them.
Further military ‘exercises’ and posturing will probably have the result of leaving the Jong-un regime with little alternative (in their eyes) but to act aggressively.
How that aggression will manifest itself is anybody’s guess. Least likely would be an attack on America – it’s too far away for the type of missiles North Korea currently has.
An attack of some kind on the US base at Guam is possible, as is an attack on neighboring South Korea. The latter, depending on the scale and the number of casualties, could spark of retaliatory strikes by the US-backed South Koreans and from there it is a short step into a conventional and probably very bloody war.
And we should remember that the Korean war during the 1950s was a spectacular waste of human lives. Generals sacrificed their men for years and ended back at the 38th parallel, more or less the same place they started.
Admittedly things might be a lot different this time if China decides that the North Korean regime is too out of control to support militarily.I doubt very much if it is in China’s long term interest to have a whacky dictatorship armed with nuclear weapons on their doorstep. After all it’s only 1,000Km to Beijing and more than 5,000Km to Hawaii, the closest state of the US to North Korea. At the same time would China want an economically united and strong US dominated state on its borders?
The jury is still out on that one.
Another thing that Washington gets badly wrong is that it thinks that because it is the most powerful military nation on earth – and it is by a long way – that therefore other countries will be afraid to take it on.
Rather than a comparison with the Cuban Crisis that everyone is concentrating on, I see parallels between North Korea today and Imperial Japan in the 1930s.Both are/were jingoistic regimes with an ’emperor’ having complete control, and both created a military style regime more as a way to suppress and control their own people, and therefore to cling to power, than to attack another nation.
But things being what they are, and people being so bloody stupid it’s unbelievable at times, there comes a time when those in power in such regimes lose their sense of reality and get carried away believing their own propaganda.
Hence Pearl Harbor when Imperial Japan forgot that when something big and powerful is asleep you should never poke it with a sharp stick, coz when it wakens up it will kick the crap right out of you!
And hence, the North Koreans are not afraid of taking on America. They should be, but they aren’t, which again makes some kind of attack more possible the more they are backed into a corner.
Thankfully there are some signs that Washington might be getting the message and preparing to step back from the rapidly approaching brink.American officials have reportedly decided to “pause” the recent show of US force in Korea because
– wait for it, it’s a good one –
they are surprised at the intensity of the North’s response.
I mean who could have seen that coming? Well the answer is just about everyone except for the cretins in Washington!
What is surprising, however, is that the most sense talked about the whole affair recently has been from the world’s number one cigar salesman, Fidel Castro. In fact, make that doubly surprising, in that he has said some things that I am in agreement with and that he is still around to say it!
He said “If a war breaks out there, there would be a terrible slaughter of people” in both North and South Korea “with no benefit for either of them.” And also that the “duty” to avoid the conflict is in the hands of Washington “and of the people of the United States.”
Castro hasn’t quite figured out that once elected US Presidents do whatever THEY want, not whatever the PEOPLE want.
But what he must have figured out is that politicians like to be liked because he also warns President Obama that his second term, “would be buried in a deluge of images that would portray him as the most sinister personality in the history of the United States.”
Equally, he cautions the North Koreans that now they have, demonstrated their “technical and scientific advances, we remind them of their duties with those countries that have been their great friends.” And he urged them to remember that “such a war would affect … more than 70 per cent of the planet’s population,” and decried “the gravity of such an incredible and absurd event” in such a densely populated region.
Do you think he is hankering after one of those Nobel Peace Prizes, like the one Obama got for not being George W Bush?
And who knows what is going to happen in the Koreas?
Anyone who has been following this story that I posted about a few days ago, (here if you missed it), will know that the European Union bureaucrats made an attempt to steal the savings of the Cypriot people right out of their bank accounts.
With at least one eye on their chances of being re-elected, the Cypriot parliament rejected the proposal out of hand. The proper thing to do no doubt, but there is also no doubt that this will not be the end of it. Indeed the fallout continues.
Western governments are desperate because of the financial mess that they and their bankster accomplices have created. And desperate governments are known to take desperate measures to try to patch things up.
Look out for more attempts by these governments to steal your money, whether it be in the form of savings in the bank, government bonds, stocks or in pension plans. Nothing is safe from the clutches of these thieves.
The goings on in Cyprus has already proven their intent and alarm bells have begun to sound among those who are awake and paying attention.The bureaucrats’ attempted money grab has already sparked off suspicion and panic throughout Europe and elsewhere as to the amount of trust people can have in their governments.
Even among the financially stronger nations the trend is clear. In Germany, for example, a recent opinion poll showed that the majority of Germans do not trust their leader, Merkel’s, pronouncements that their money is safe in a bank.
Throughout Europe those who can are moving their money to offshore locations away from the thieving hands of their own governments. Big corporations, including US corporations, are doing the same.It has already happened in Ireland and Spain and France and, to a lesser extent, in the UK too.
What a sad commentary on how these stupid politicians and bureaucrats have mismanaged our affairs.
Will it hit America as well?
That depends just how stupid the political administration in Washington really is – which is perhaps a kind way of saying, please err on the side of caution if you are an American citizen.
The $ as a currency will probably be okay for a while, despite the humongous debt that Obama is piling up, but eventually it will become impossible to print their way out of trouble.
All those highly paid morons and herd followers called ‘money managers’ who work for the various funds that you entrust your savings and pensions to, and who do little more than buy up T-Bills with it, may find that their strategy is going to backfire. Like the banksters, however, they will still charge you a fee for looking after your money whether they invest it wisely or lose it all.
But whilst the bureaucrats will never be able to figure out how to run an economy – their, “take more and more taxes out of less and less income” strategy will never add up – eventually the penny will drop with the good citizens and they will waken up and realize they have been completely shafted by incompetent politicians and greedy banksters.
Then the brown stuff will hit the fan – big time – and people will get real mad. And then the powers that be will have no choice but to turn on their own citizens if they are to cling to power. Preparations for this started under Bush and now Obama has added even more legislation to make this possible.
It is a rather bleak scenario, particularly for those who choose to ignore what is happening around them. But whether it happens in one year or another five, if the politicians and bureaucrats do not wise up – and their is little sign of them doing that especially when they have yet to realize how incompetent they are – it will happen.
So start to think seriously about your own circumstances and what you can do to protect what you have from thieving governments. Or just settle down and get another 40 winks assured in the knowledge that those in Washington, Brussels, London and Berlin know what they’re doing.
My father, who I loved and respected deeply, passed quite suddenly many years ago one August 12th. Now don’t worry, tissues not required, this isn’t going to be one of those sentimental posts as you will see in a moment, just setting a principle.
You see ever since that day I always know that when August 12th comes round that is the anniversary of his passing. Not that I do much to commemorate it or anything, but every year – same date – that’s it.
So why am I talking about something that happened in mid August now at the end of March?
Well, because they tell me this weekend is Easter and that always messes with my logic circuits.
Easter is a day that is honored by nearly all of contemporary Christianity to celebrate the Resurrection of Jesus Christ, which took place on the third day after his crucifixion at Calvary.
So here’s a simple question.
If someone we know dies on a certain day of a certain month that date remains constant, it does not change, the anniversary is the same every year.
So why do we celebrate the Resurrection (death plus three days) of Jesus on such wildly varying dates?
For example in 2011 it was April 24th, last year it was April 8th, this year it is March 31st and next year it will be April 20th.
The only way that makes sense, is if the date we are told to celebrate has as little to do with the Resurrection and Christianity as have eggs, bunnies or candy.
It doesn’t seem to matter any more in America and many other western countries because the powers that be are intent on abandoning their Christian ethos for fear of offending those who refuse to abandon their religious beliefs. They are quite happy with the confusion.
It is, however, fairly clear if you do even a little bit of research on the subject, (and I encourage you to do your own research and not take my word for it), that most of the things people now commonly associate with Easter have in fact pagan, rather than Christian, origins.
And the pagan roots of Easter lie in the worship of pagan gods and in celebrating the spring equinox, which marks the end of winter and beginning of spring. Biologically and culturally, it represents for northern climates the end of a “dead” season and the rebirth of life, as well as the importance of fertility and reproduction.
References to a similar holiday have been found as far back as 2400 BC (that’s ‘B’ as in ‘before’ ‘C’ Christ) when, for example, the city of Ur apparently had a celebration dedicated to the moon and the spring equinox which was held some time during our months of March or April.“Ishtar”, which is pronounced “Easter” was a day that commemorated the resurrection of a pagan ‘god’ called “Tammuz”, who was believed to be the only begotten son of the moon-goddess and the sun-god. In other cultures he acquired different names, including “Osiris”, “Orpheus”, and “Dionysus”.
The Phrygian fertility goddess “Cybele”, was one of the most popular of these pagan gods, and worship of “Cybele” started in Rome around 200 BC. Ironically, a cult dedicated to her was even located on what is today Vatican Hill.
Even today modern Wiccans and neo-pagans celebrate “Ostara,” or “Eostre” which are derived from the Anglo-Saxon lunar goddess, “Eostre”.“Eostre’s” feast day is held on the first full moon following the vernal equinox – a similar calculation as is used for Easter among Western Christians. On this date the goddess “Eostre” is believed by her followers to mate with the solar god, conceiving a child who would be born nine months later on Yule, the winter solstice which falls on December 21st.
Two of “Eostre’s” most important symbols are the hare (both because of its fertility and because ancient people saw a hare in the full moon) and the egg, which symbolized the growing possibility of new life. Each of these symbols continues to play an important role in modern celebrations of Easter.
So Easter, like many other things the establishment encourages us to believe, is not quite what it purports to be.
I’ll leave the last word to someone smarter than me,
The Bible (Exodus 20:15) tells us that one of God’s Ten Commandments is that “Thou Shalt Not Steal”, and it is a rule that has been adopted almost universally. Theft is against the law and is punishable by imprisonment, or in some countries harsher treatment.
Maybe that’s part of what gets me so riled up about the banksters and the government stooges who won’t go after these thieves.
But it seems now that the governments themselves are testing the water for a grand theft of their citizens’ money.
I don’t just mean raising taxes, or hyping up environmental issues so they can bring in new taxes to eradicate problems that they themselves have created.
Yes, they are doing that, but it isn’t enough.
Governments throughout the western world have amassed so much debt by stupid policies and incompetent management of their economies that they are now contemplating out and out theft of YOUR money!
Don’t believe me?
Witness the goings on the other day with Cyprus and the EU.
If you haven’t heard, it all started Saturday when the people of Cyprus discovered that their government and a bunch of EU bureaucrats had conspired in secret to rob their savings accounts to pay for the country’s bailout.
Anyone with savings accounts of over 100,000 euros are to have 9.9% of its value seized, and those with less than 100,000 euros will have 6.75% stolen.
In other words if you are a Cypriot and have been careful and frugal with your money, as opposed to amassing large personal debt on credit cards and loans, you are to be punished by the government.
It all needs to be ratified by the Cypriot parliament, but whether or not they approve it on this occasion, the thinking and intent of the bureaucrats is clear.
They want to steal your money!
This is a big step. Previously raiding savings deposits was unheard of and unthinkable. Now it is an option that is very much on the agenda for desperate Western governments.
So be warned. If they set a precedent in Cyprus it could, and probably will, happen elsewhere.
And with the advance of technology it is soooo easy for governments to steal your money. If it is in a bank account it is just electronically stored numbers, there for the taking, or rather, the changing.
Except he is a South American, from Argentina in fact.
Close but no cigar fasab 🙂
His name was Jorge Mario Bergoglio, but now it is Francis I, and he was the surprise choice in one of the fastest conclaves in recent times.
He is a Jesuit and he is 76 years old and, no pun intended, he has one hell of a mess to try to clean up.
In fact the trouble never stops coming.
As the election was getting under way in Rome, an article published on Monday, in the Italian newspaper La Republica, noted that the Vatican paid an estimated $30 million in 2008 for around 20 apartments in the imposing palazzo at 2 Via Carducci.
Not only will these apartments do very little to help the poor and needy in his flock as I guess very few of them could afford even to rent a $1.5 million apartment let alone buy one, but the complex it turns out is also home to Italy’s biggest gay sauna, the Europa Multiclub!
Europa Multiclub, which features a Turkish bath and Finnish sauna, bills itself as the number one sauna in Italy. Open all year, the club also offers weekly “bear parties”, which it advertises on its website with a video of a stripper donning clerical attire.
And to top it all, the housing block accommodates 15 priests, including a 12-room apartment on the first floor of the building for 76-year-old Cardinal Ivan Dias, a socially conservative Cardinal who was the former archbishop of Bombay, who has called homosexuality a disease of the soul. Does anyone detect a hint of hypocrisy?
I wrote a short post last week called “Gandolfo, And Step On It” about the power struggle within the Vatican and the real paedophilia and money laundering reasons that Pope Benedict resigned.
Latest report emanating from Rome say that the power struggle is continuing.
Not only that, but an American, Cardinal Timothy Dolan, is in the running, so to speak.
Apparently while the Italian mob within the Curia — which is the influential Vatican bureaucracy — favor Brazilian Cardinal Odilo Scherer as the new Pope because they believe they could control him, numerous other reform-minded Cardinals want an independent Pope not beholden to the bureaucrats in any way.
Not so long ago even the idea that an American could become Pope was once thought to be so outlandish that it was dismissed out of hand.
But the world has changed dramatically for the Roman Catholic Church and new circumstances have arisen which make it plausible for an American to become the new papa.
It is still very much an outside chance but it is interesting that Cardinal Dolan has even a potential shot at the title.
Time for another rant about the slime of creation, also known as the banksters.
This blog is about highlighting and fighting against stupidity and bureaucracy and there is no better example of this than the banking industry.
Their stupidity is only matched by their arrogance and their greed.
More than five years on from plunging the world into a financial catastrophe, and all of us into debt that will take generations to sort out, they are still at it!
And the governments are still faffing about, afraid to take on those who bribe them with “contributions” to their election campaigns.
For example, the European parliament only reached a “tentative deal” last Wednesday evening to limit bankers’ bonuses at twice the value of their fixed pay. They call it “imposing the toughest limits on pay since the financial crisis”. Gimme strength!!! Of course, the deal, still has to be endorsed formally by governments and lawmakers (i.e., the bureaucrats), and is the result of 18 months of farting around (they call it negotiating).
It’s a start, but a poor and a slow one.
It shows how long it takes for a no-brainer to happen in heads that have no brains!
In timely manner, latest results last week came from Europe, namely the grandly named basket-case Royal Bank of Scotland Group, Lloyds Group, and Spain’s lesser sounding Bankia.
Already more than 80% owned by the British Government (i.e., taxpayers) who stupidly bailed out these idiots to the tune of almost $70 billion, RBoS have announced further losses of around $9 billion!
To make matters worse, $1.6 billion of that was to compensate clients wrongly sold insurance and interest-rate hedging products – which is a nice way of saying they have been caught fleecing their customers and now have to pay back money they cheated their clients out of in the first place.
They called it a “chastening year”.
Meatime Lloyds chalked up further losses to the tune of more than $2 billion!
And the banksters aren’t any smarter in Spain either. Bankia also this week reported a net loss of €19.06 billion ($25.04 billion) for 2012, by far the largest in Spanish corporate history.
And you know what? Let’s add insult to injury.
These dumb-asses are looking for bonuses for their efforts.
Can you believe it?
If someone starts a business and it fails, no one gives them a bonus – they lose their business (usually because the banksters force them to close down).
Just how on earth have we allowed the banking industry to create a culture of stupidity to take hold and remain in place after such clear evidence that it is not working. It is completely absurd.
Hit your sales targets, make money for the company and yes sir you can have a bonus and well deserved. Cost the company $ billions and drive it to bankruptcy because of your incompetence and the only bonus you should get is early parole for good behavior.
That’s Europe taken care of, can’t go without a word about the American banksters too.
Latest news is that they “have discovered” that they wrongfully foreclosed on more than 700 members of the military during the housing crisis and seized homes from about two dozen other borrowers who were current on their mortgage payments,
The banks, namely Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, only found the foreclosures after regulators ordered them to examine mortgages as part of a multibillion-dollar federal settlement. Each bank “discovered” around 200 members of the military whose homes were wrongly foreclosed in 2009 and 2010.
So while military personnel are putting themselves in harm’s way to protect and defend the country, the slime in the banks are busy trying to illegally foreclose on their homes.
Not only do these foreclosures violate the Servicemembers Civil Relief Act, a federal law requiring banks to obtain court orders before foreclosing on active-duty members, but they violate every common law of decency.
The sooner governments come to their senses and put these banksters out of business the better and cleaner the country will be.