A bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker Dear friends As I have previously announced, we are now “freezing” the blog.? We are also making archives of the blog available for free download in various formats (see below).?
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader 2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by The Saker >>
Interested in maladministration. Estd. 2005
RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony
Joe Duffy is dishonest and untrustworthy Anthony
Robert Watt complaint: Time for decision by SIPO Anthony
RTE in breach of its own editorial principles Anthony
Waiting for SIPO Anthony Public Inquiry >>
Promoting Human Rights in IrelandHuman Rights in Ireland >>
News Round-Up Wed Dec 25, 2024 00:32 | Richard Eldred A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.
Starmer Doesn?t Have a Feel for Politics and His Team Lacks the Skills to Run the Country, Says Vete... Tue Dec 24, 2024 19:00 | Will Jones Keir Starmer "doesn?t have a feel" for the Labour Party or politics in general and his team lacks the skills to run the country, veteran Labour MP?Diane Abbott?has said.
The post Starmer Doesn’t Have a Feel for Politics and His Team Lacks the Skills to Run the Country, Says Veteran Labour MP Diane Abbott appeared first on The Daily Sceptic.
Church of England Tells Clergy to Edit Christmas Carols to ?Avoid Unnecessary Offence? Tue Dec 24, 2024 18:00 | Will Jones The Church of England has told clergy in Birmingham to watch out for "problematic words" in Christmas carols that imply Jesus is the "true Messiah" or other religions aren't valid. And they wonder why the pews are empty.
The post Church of England Tells Clergy to Edit Christmas Carols to “Avoid Unnecessary Offence” appeared first on The Daily Sceptic.
Best-Selling Hybrids Face Net Zero Ban From 2030 Tue Dec 24, 2024 15:42 | Will Jones Some of Britain?s best-selling hybrid cars will be banned from sale after 2030 under a?Net Zero crackdown?proposed by Ministers, including the mild hybrid versions of the Ford Puma, Range Rover Evoque and VW Golf.
The post Best-Selling Hybrids Face Net Zero Ban From 2030 appeared first on The Daily Sceptic.
Experts Call For Return of Lockdown-Style Social Distancing as Flu Surges, Claiming ?a Fifth of Thos... Tue Dec 24, 2024 13:46 | Will Jones Experts?have issued an urgent call for lockdown-style social distancing ahead of Christmas Day amid surging flu infections, claiming that a fifth of those infected have no symptoms but can spread it.
The post Experts Call For Return of Lockdown-Style Social Distancing as Flu Surges, Claiming “a Fifth of Those Infected Have No Symptoms But Can Spread It” appeared first on The Daily Sceptic. Lockdown Skeptics >>
|
Peter Sutherland: Vampire Squid?
national |
anti-capitalism |
other press
Sunday October 17, 2010 23:27 by Marcus McSpartacus
Are Irish Taxpayers About To Bail Out Goldman?
Is Peter Sutherland Stealing From His Own People To Give To The Vampire Squid? From Zero Hedge:
http://www.zerohedge.com/article/are-irish-taxpayers-ab...e-vam
With the recent nationalization of half of the country's six big banks, and the blanket guarantee over the rest of them, the Irish government has effectively made sure that bondholders in all banks, even those which such as long insolvent Anglo Irish bank will be made whole by the long-suffering Irish taxpayers...
Yet what is amusing is that in between the cracks of exclusively European-bank based senior and subordinated bondholders in such bankrupt banks as Anglo-Irish, a familiar name emerges: Goldman Sachs...
Guido Fawkes, who managed to obtain the Anglo Irish bondholder list, shares the following commentary:
Anglo-Irish Bank did not represent a systemic risk to the Irish economy, it wasn’t a high street bank like AIB or the Bank of Ireland. If it had been allowed to go the way of Lehmans the only losers would have been shareholders and bondholders. The Irish state stepped in and nationalised a bank that was basically run by crooks lending to property speculators. The Irish people are taking losses that should rightly have been shouldered by bondholders.
Every child in Ireland is being bequeathed a huge debt at birth to protect the interests of foreign, mainly German, bondholders – why? Guido was once a bond trader, it was always understood that sometimes the bond issuer defaults. That is the risk investors take.
So why is Dublin’s political establishment so keen to protect foreign investors at the expense of future generations? Guido has obtained the list of foreign Anglo-Irish bondholders as at the close of business tonight. These are the people whom Dublin’s politicians really seem to care about.
Between them they hold Anglo-Irish bonds with a face-value of €4,034,756,880. Shouldn’t they take the hit rather than future generations of Irish taxpayers? Capitalism is a system of profit and loss, they took the risk of investing in Anglo-Irish Bank. Is the Irish government under pressure from the European Central Bank in Frankfurt to protect German investors?
...we would like to add Goldman Sachs to the list of bailoutees. Surely, few firms in the world deserve to be redeemed as much as god's little helpers...
Little else that can be added here... except for this amusing anecdote of another Goldman Sachs International Chairman, one Peter Sutherland, former Ireland attorney general and EU commissioner who just so happens was a chairman of British Petroleum (remember those guys?) previously. To wit from the Irish Times:
[Sutherland] and [recently heckled] Lenihan have remained in contact through the financial crisis. On one occasion, Sutherland visited Lenihan to tell him what a great job he thought he was doing and to say that Lenihan had the potential to be one of the great taoisigh of the 21st century. Lenihan was taken aback, he says.
Surely, this great son of Ireland, who obviously has Lenihan in his back pocket, is in active negotiation on behalf of his current employer, Goldman Sachs. Yet something tells us Mr. Sutherland will be the last person to share light on Goldman's twilight relationship vis-a-vis the Irish government...
Lack of revisionism is not too surprising coming from a person whose personal, and future, fortune, is based on the past generosity of American, and now Irish taxpayers. Because his wealth is certainly not due to his skill at anything related to his actual career:
Sutherland was also a board member at Royal Bank of Scotland (RBS) during the financial meltdown when the UK bank collapsed into state arms after a frenetic, debt-fuelled growth. Of the bank’s 2007 role in the €71 billion acquisition of Dutch bank ABN Amro, the biggest ever banking takeover, Sutherland says it made “the mistake of buying at precisely the wrong time when the world was falling off the back of a bus”.
Perhaps instead of driving trucks full of cement into Parliament, Irish taxpayers can be a little more proactive, and ask one of their most respected "leaders" just on whose behalf he is working on in this latest bailout, which could easily be Ireland's last.
More Goldman Sachs shennanigans (the original "vampire squid" description) at:
|
View Full Comment Text
save preference
Comments (7 of 7)