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irishspirit
23rd December 2010, 18:55
The Dutch government says it studying a law that would make it a crime to call publicly for a run on a bank.

The move stems from the abrupt October 2009 collapse of DSB Bank NV. The regional Dutch bank was facing claims it overcharged mortgage clients, when a well-respected industry commentator called for all retail clients to pull their deposits.

http://www.cnbc.com/id/40792218

Zook
23rd December 2010, 20:11
Hi Irishspirit.


The Dutch government says it studying a law that would make it a crime to call publicly for a run on a bank.
The move stems from the abrupt October 2009 collapse of DSB Bank NV. The regional Dutch bank was facing claims it overcharged mortgage clients, when a well-respected industry commentator called for all retail clients to pull their deposits.
http://www.cnbc.com/id/40792218

The scam of the fractional reserve must be protected at all costs! Wot?

:typing:

Anchor
23rd December 2010, 21:37
This law is begging for a bank run to happen as soon as it is passed!

The makers of it are basically saying there is a problem, so you probably should get all your money out and therefore they should now turn them selves into a police station only to disappear in a swirling vortex of recursive logic.

MorningSong
28th December 2010, 21:37
Heads up to anyone who still has money in any bank!

Swami, can you verify this?


domenica 26 dicembre 2010 11:32:42
Source: Zero Hedge

Legislation proposed to criminalise calls for a “run on the bank”
Hayden’s Note:

Please take note – this is from the Netherlands but I’m sure we can expect it very soon here in America. Something is going on over in the Netherlands: nos.nl/artikel/207170-oproep-…strafbaar.html

Calling for a “bank run” in public will possibly become a criminal offense. Ministers Opstelten of Security and De Jager of Finance are preparing a proposal for a new law.

They want to be able to penalize people who are openly calling for a “bank run” a maximum of 4 years or a fine of 19.000 euro. According to the ministers a bank run can seriously endanger a bank.

The ministers say that the collapse of a bank in case of a “bank run” is a question of hours instead of days, since a call for this can be spread fast, using present methods of communication. Banks cannot defend themselves from this, and thus must acquire protection under the criminal law, is their thought.

DSB: Reason for the tightened methods is the demise of the DSB Bank. Account holders took out 600 million euro from their accounts in this bank, after the call of Pieter Lakeman, of the Foundation “Hypotheekleed” (Motgage suffering).

The bank run was the initiation of the bankruptcy of the bank of Dirk Scheringa.
————

What happened to the DSB Bank then?

The behaviour of the president of De Nederlandse Bank (our State bank, our “FED”), Noud Wellink, was part of the reason for the bankruptcy in 2008 of the DSB bank. Politicians called for his (voluntary) resignation, since it became widely known that he acted wrongly, by putting the DSB bank under suspicion in public, in name of the Nederlandsche Bank, and by allowing a banking license in the first place. (at least, that is the official message, it was very clear that the reputation of the DSB was tarnished by the Central Bank) The president of the DSB, Dirk Scheringa fell for the bait and took out his own money. Later he put it back, but by then, it was too late; by then, the warning was issued, and the run had begun.
www.elsevier.nl/web/Nieuws/Ec…ter-gekund.htm
This criminalisation of the “run on the bank” existed as plan (Scheltema Commission who investigated this) already after the DSB demise. (concluding in june 2010) www.rnw.nl/english/article/du…ent-under-fire

Financial Activism.

As of late, there’s been several campaigns to mobilise the “silent majority” into a more active stance against taking on private debt and risk, of private banks.
Notably, the “run on the bank” as proposed by french football player Eric Cantona, as well as the “Buy silver, crash JP Morgan Bank” initiated by agent provocateur Max Keiser, are examples of “financial activism”. The purpose of these actions is to break the stranglehold of banks that speculated and lost (and are basically insolvent) over society itself, which is, at least in the Netherlands, very sound. There’s political resistance (of aforementioned Minister De Jager) to “pay for debt of other countries”. At least those are his words.

Making such acts of “financial activism” illegal is unconstitutional in the Netherlands.
(art. 1.7 freedom of speech, art. 1.9 freedom of protest)
www.st-ab.nl/g1/1-83019ks02-grondwet01.htm#1.7

Of course the overleveraged position of banks, and their key role in the present Fiat currency system is the cause of this vulnerabillity. This should have been adressed, not the wish of the savers to take out their own money, and warning others. That is the elephant in the room; that banks here aren’t necesserally in a worse shape than anywhere else, but are extending their risk to society at large, because they’re engaged in both speculation, and in handling the day-to-day financial affairs of corporations and individuals.

Drs. Jasper Blom of the UvA (University of Amsterdam) stated in a publication that the Basel Accord, to stipulate rules for banks to restrict risk, have been “watered down”, and that essentially nothing has changed since 2008. Politicians are, according to him, uninterested, and unconcerned, while it is their responsibillity.
www.aissr.uva.nl/aissr/home.cfm/6A9DAB24-D300-4A1E-A57C7FDEC0F6AB7F

Is this important?

Yes, the positition of the Netherlands in the international banking cartel is very important. Moreover the position of the Netherlands is very important to the american government, as can be seen by the latest Wikileaks cables.

The controller of the dutch stockmarket, the Euronext is owned (since 2006) by the NYSE !
www.rtl.nl/%28/financien/rtlz…ten2586136.xml

And: “In 2009, the Netherlands was the largest destination for United States direct foreign investment, with 13.4% of the total. This made the United States the largest direct foreign investor in the Netherlands. Vice versa, the Netherlands was the ninth-largest direct foreign investor in the United States in 2009. In 2008, however, the Netherlands was the largest direct foreign investor in the United States.”
www.state.gov/r/pa/ei/bgn/3204.htm#relations

So, with this move, the dutch government wants to protect it’s banking system, at the cost of the liberty of individuals. A dangerous course of action.

http://beforeitsnews.com/story/326/993/Legislation_Proposed_to_Criminalize_Calls_for_a_Ru n_On_The_Bank.html

Swami
28th December 2010, 21:50
Confirmed......

Pieter Lakeman Vs. Dirk Scheringa Bank (DSB)


On the first of October 2009 chairman Pieter Lakeman was invited in a Television show to tell his story about the damage that is caused by the DSB. According to Lakeman the best thing for all customers of the DSB to do, is to withdraw their money on their saving accounts. So, he incited account holders of the DSB to withdraw all their money in order to cause bankruptcy for the DSB. Shortly after this message, a run on the DSB was happening. After a few days, this finally caused a declaration of bankruptcy.

http://businessethicsib.blogspot.com/2010/02/pieter-lakeman-vs-dirk-scheringa-bank.html

Out of fear for repetition, Dutch governement has made laws which makes calling up people to withdraw their money punishable. (Four years in prison if I remember well)

Took my money out of them banks after this happened, its even past the state which is called money.......... :becky:

Depositors bring down Dutch bank


Customers of the Dutch bank DSB have forced it into bankruptcy by withdrawing £550m of their savings in just 12 days.

They were encouraged by campaigner Pieter Lakeman who runs the Mortgage Grievances Foundation.

He appeared on Dutch television on Thursday, 1 October and told customers it was "in their personal and collective interest to take their money out".

http://news.bbc.co.uk/2/hi/business/8323991.stm

PLEAASSE, leave your money in the bank..........:der: