Massive Bank and High Profile Resignations Across the World

[GoodETxSG]

Posted by Kimberley (here)
Thank you Sabrina for all your effort maintaining this list!!!
Much love!!

NO Doubt, should start your own organized complete web site with all of this research. It would be a great tool both for the groups fighting the good fight but also for us trying to get some of this info in an organized and credible way to our friends and family.

[Sabrina]

US (previous story) and Australian regulators now looking at Murdoch. Altho' there's powerful friends out there, think it is unravelling...

http://edition.cnn.com/2012/05/03/bu...tml?hpt=ibu_c2

Australia regulators reviewing UK Murdoch report
By Kevin Voigt, CNN
May 3, 2012 -

(CNN) -- The Australian media regulatory agency is "digesting" the blistering report from British lawmakers that said News Corp. CEO Rupert Murdoch was "not a fit person" to run a major international company.

"The ACMA is reviewing the British MPs committee report but is not intending to make any further comment at this stage," said a spokesperson for the Australian Communication and Media Authority (ACMA).

The damning report accused Murdoch and his son James of showing "willful blindness" to phone hacking at the News of the World tabloid and said the newspaper "deliberately tried to thwart the police investigation" into the illegal activity.

The now-shuttered tabloid's publisher, News Corp. subsidiary News International, "wished to buy silence in this affair and pay to make the problem go away," the Parliament's Culture, Media and Sport Committee found.
Tuesday's ruling by the Parliament committee could prompt British regulators to force Murdoch to sell his controlling stake in British Sky Broadcasting, a significant part of his media empire. The News Corp. board issued a statement Wednesday announcing "its full confidence in Rupert Murdoch's fitness and support for his continuing to lead News Corporation into the future as its chairman and CEO."

Rupert Murdoch 'not fit' to run company UK: Murdoch not fit to run business Rupert Murdoch: 'I was not aware' Will bad day for Murdoch hurt business? UK panel: Murdoch 'turned blind eye'
In Australia, the ACMA has jurisdiction over Foxtel Cable TV, in which Murdoch's News Ltd owns a 25% stake.
"The ACMA's test is different from the UK's 'fit and proper person' test. The ACMA administers a 'suitability' test for licensees," the spokesperson wrote by e-mail. "The focus of that test is on the suitability of the licensee, Foxtel Cable TV.

"To be assessed as unsuitable, there needs to be a significant risk of a breach of the Broadcasting Services Act or license conditions by the licensee, Foxtel Cable TV ... the ACMA will continue to monitor developments to ensure the Act is adhered to."

The phone hacking controversy which has led to criminal arrests in the UK has attracted headlines but little else in Murdoch's home country of Australia, where he began building his media empire. News Corp. subsidiary News Ltd. now runs 70% of Australia's newspapers and its only national newspaper, The Australian.

"The reaction here has been surprisingly muted, I think because most people regard what's happening as something only that's happening in the UK -- it's interesting, it's exciting, but it doesn't really have any impact in Australia," said Bruce Arnold, a lecturer in Law at the University of Canberra.

"I think some people are waiting with baited breath and wondering whether this beautiful façade will start to crumble here, too," Arnold said.

The office of Communications Minister Stephen Conroy told reporters Wednesday there was no evidence that Murdoch employees engaged in phone hacking in Australia.

In the wake of the phone hacking allegations, the Australia government formed the Independent Media Inquiry in September, also known as the Finkelstein hearings, led by retired judge Ray Finkelstein. The panel was charged to, in part, review the effectiveness of the Australian Press Council to handle complaints against the media.
But Australian media observers said the panel was convened to put pressure on Murdoch publications for aggressive coverage against the ruling Labor Party.

"The Murdoch press has been extremely critical of the Labor government here and a perception here that it had an absolute agenda of attacking the Labor government," said Martin Hirst, an associate professor of journalism at Deakin University, who gave testimony at the Finkelstein hearings.

Still, the recommendations made from the inquiry -- including a statutory authority that would regulate news and commentary -- was rejected in a government report, the Convergence Review, issued Monday about proposed changes Australian media regulations. "While agreeing with much of the analysis and some of the findings of the Independent Media Inquiry, the Convergence Review recommends an approach based on an industry-led body for news standards rather than a statutory body," the report said.

Given the weakness of the ruling Labor Party in popularity polls, Australian media observers say there is little political will to take a hard look at Murdoch media operations there.

"I think the crucial thing is here there isn't a community interest. If (politicians) saw that there is strong community support to take on Rupert Murdoch, to say, `we will vote for you on the position that you'll go in there and clean the stables, ' then maybe they'd act," Arnold said.

"But there is no community pressure for that, unless we have a real revelation about malpractice in the Australian media industry in a big way," he added.


Now if they joined up the dots in Australia - they'd see the link with Murdoch and so called weather modification over there:

A friend has been lobbying ABC to wake up on this.


Australia gives murdoch $10m for chemtrails haarp geo engineering qld floods nwo

https://youtube.com/watch?v=xMCWgQYSnSM


and


Colin Andrews who was covering this years ago.

Colin Andrews Research on Australian Radar Patterns as being associated with secret HAARP and or weather modification experiments has been vindicated.
News that the Australian Government have given 10 Million dollars to close relative of the infamous and out of favour Rupert Murdock (of UK News of the World Crime).
It was Colin’s lone work two years ago when he demanded a full scientific investigation into apparent links he
made between Australian Radar Anomalies with sudden changes in its weather – Now two years later, Infamous Rupert Murdock and Australian Government come to the surface on the tangled web of issues surrounding secret HAARP and Weather Modification projects by the Australian and possibly US governments.
Australia gives murdoch’s relative $10m for chemtrails/harp/geo-engineering/queensland-floods/Colin-Andrews-Radar/




http://www.colinandrews.net/

[Sabrina]

Seems to be some repositioning going on here then.... I wonder why??


http://www.bbc.co.uk/news/business-17935201
UK 3 May Robert Preston correspondent:

The boom and bust of Mervyn King

(Governor of the Bank of England)



Last night, I heard Sir Mervyn King, in the Today Programme Lecture, largely excusing the Bank of England for its failure to prevent the great crash of 2007-8: he blamed the recklessness of banks; he blamed a collective "failure of imagination" to see that banks' huge increase in lending was the mother of all dangerous bubbles waiting to burst; he blamed the last Labour government for stripping the Bank of England in 1997 of its direct powers to regulate banks.


I had heard all of that before, in his speeches, evidence to the Treasury Select Committee and briefings, as a recurring theme since the banking and finance debacle of four years ago that has hobbled our economy.

But I was too knowing, especially about the significance of Sir Mervyn saying all that in a very public forum, on the BBC.

In a way, I underestimated the power of the BBC's Today programme, in that it provides a megaphone that turns almost anything he (or perhaps anyone) says into news.

His phrase that seems to have caught much of the media's imagination was: "We should have shouted from the rooftops that a system had been built in which banks were too important to fail, that banks had grown too quickly and borrowed too much, and that so called 'light-touch' regulation hadn't prevented any of this."

Put as baldly as that, it looks like a powerful admission of error on his part. But it is not all he said. That resonant phrase was preceded by "with the benefit of hindsight", which massively reduces its force.

When any of us say "if I knew then what I know now", we are excusing ourselves, rather than apologising.

Anyway, enough of semantics and the searching of my own conscience about whether and how I misread the newsworthiness of the speech. When every newspaper treats an event as news, I have to accept it is news, by definition.

That said, the speech was one of the clearest expositions that he has ever made of how he sees the boom and bust that will shape our prosperity for arguably a decade, at the very least.

Actually, I should rephrase that, he doesn't believe there was a boom - which many would say is the most contentious thing he said.

Sir Mervyn put it this way: "Whether in this country, the United States, or Europe, there was no unsustainable boom like that seen in the 1980s; this was a boom without a bust".

The moment he said it, he raised a few hackles. His former colleague from the BoE's Monetary Policy Committee, Andrew Sentance, tweeted: "disagree with Mervyn King that fin crisis was bust without a boom...it was just very long boom!"

full story at link and


http://www.telegraph.co.uk/finance/e...al-crisis.html

Sir Mervyn King admits BoE failed over financial crisis

Sir Mervyn King has said - in a rare admission - that the Bank of England failed to do enough to warn about the risks building up in the banking sector ahead of the financial crisis.



We did preach sermons about the risks. But we didn't imagine the scale of the disaster that would occur when the risks crystallised," he said.

"With the benefit of hindsight, we should have shouted from the rooftops that a system had been built in which banks were too important to fail, that banks had grown too quickly and borrowed too much, and that so-called 'light-touch' regulation hadn't prevented any of this ...
He said the Bank "tried, but should have tried harder" to persuade everyone of the need to recapitalise the banks sooner and by more.

However, he claimed the Bank was hamstrung by the decision to move regulation to the Financial Services Authority (FSA) in 1997 – a reform "that would return to haunt us". It left the Bank with the limited power of "publishing reports and preaching sermons". Regulation is now being moved back to the Bank.

full story at link

[Sabrina]

LampLightGroup put this together from the recent Wilcock news:

Source: https://youtube.com/watch?v=TlFP9oGTzBo

[Sabrina]

Useful report from Scott Mowry putting a lot of info. together across the globe and reminding us of just how much is happening out there!

Historic Global Economic Transformations Moving Rapidly Forward

Major debt relief measures begin as prelude to mass arrest scenario while energy waves intensify from galactic center

News | May 2, 2012

Reported by Scott Mowry | http://www.miraclesandinspiration.co...ormations.html



The transformation to a revolutionary new economic system for the world's people has progressed into all-out, full force mode. Moving like a rumbling freight train down the tracks, it has become an unstoppable force and is finally on the verge of full implementation for the benefit of all mankind.

Signs of major historic changes are emerging nearly every day, around every corner, from all points across the globe.

Freeing the world from economic slavery is, at this time, perhaps the single most important objective to be implemented in order for humanity to move headlong into the long-awaited Golden Age. It will be the first of many stages that will totally emancipate humanity forever and allow for a completely peaceful transition onto the new Earth.

In the modern era, money has been one of the main instruments of control over humanity and from its very inception, it has been used to benefit the money changers at the expense of the people. That paradigm is rapidly shutting down, as a new higher one emerges.

PLAN FOR MASS ARRESTS TAKES SHAPE
The battle over control of the world's economy is at its most intense it has ever been. From secret back door negotiations to desperate, frantic searches for hidden assets in far flung regions of the globe to all-out pitched gun battles in back alleys –– you name it, it is happening somewhere on the planet.


Meanwhile, international banksters continue to fall like rows of dominos, one after another, resigning from their golden perches headed for a life of uncertainty, or perhaps to one complete with an orange jumpsuit. The banker's endless nefarious money laundering schemes are now running up dry at every turn. In essence, it has all come down to a scenario in which the banksters can no longer get away with the same old dirty tricks that used to work so beautifully before.

full story at link

[childs hood end]

Sinn Féin Northern Ireland MEP Bairbre de Brún has resigned for personal reasons, it was confirmed today.

Ms de Brún (58) was the first Sinn Féin member to represent the North in the European Parliament following her success in the 2004 European elections.

She went on to top the poll in 2009, the first time her party headed the poll in the European elections in Northern Ireland.

Sinn Féin confirmed that Ms de Brún has submitted her resignation to the European Parliament but would remain a member of the party.

Sinn Féin president Gerry Adams said the party would hold a convention shortly to select a new MEP.

http://news.ie.msn.com/sinn-f%C3%A9i...C3%BAn-resigns

[Sabrina]

Posted by GoodeTXSG (here)

Posted by Kimberley (here)
Thank you Sabrina for all your effort maintaining this list!!!
Much love!!

NO Doubt, should start your own organized complete web site with all of this research. It would be a great tool both for the groups fighting the good fight but also for us trying to get some of this info in an organized and credible way to our friends and family.

Thanks but I expect it would then become a chore not a pleasure as it is now to just flit through cyberspace and give my take on it - without having to fit in with anyone's shrill idea of what's right or not. Have noticed the resignation sites are running out of steam a bit at the moment, as it must take a lot of time to really nail down all the resignations and arrests. And not sure I can cope with any more organisation in the 3D world.... Could ask for sponsorship I suppose can come up with a long list of people who wouldn't sponsor it though...

Friends and family - well they're the worst 'till they start waking up by themselves.... Have one daughter who has, and one son who hasn't, and love to see her tell him that actually there's something in what 'ole mum is saying lol..

¤=[Post Update]=¤

http://www.thisismoney.co.uk/money/m...=feeds-newsxml
3 May UK

Trinity Mirror boss Sly Bailey is shown the door amid shareholder anger over pay

Trinity Mirror boss Sly Bailey will part company with the publisher at the end of the year, as mounting shareholder anger over pay claimed a high-profile scalp.

Her departure – after a decade at the helm of the newspaper group that includes both Mirror titles and The People – comes just days before investors were due to voice their disgruntlement at the firm’s annual meeting.
Bailey has been paid some £14million during her tenure, while the value of the group has plummeted from more than £1billion to just £97million amid falling advertising revenues in print media.

¤=[Post Update]=¤

In the UK anyway, it's noticeable that the shareholders are really starting to fight back and it's been covered in the financial press - a shift going on here!



4 May UK

Fat cat backlash: Aviva bosses latest to feel shareholder anger over executive pay


The backlash against boardroom greed spread from Britain’s banks to the rest of the City yesterday as ordinary shareholders rose up against fat cat pay deals.

Bosses at insurance giant Aviva were left humiliated after their multi-million pound bonuses were rejected by investors at their annual meeting.

Yesterday’s outpouring of anger at the lavish pay packages afforded to Aviva executives follows a string of embarrassing rebukes against other firms.

* Small savers and pension investors can have a voice on excessive executive pay too. We have teamed up with the FairPensions campaign to offer a tool that allows you to send your views to your pension fund or ISA provider. Have your say on fat cat pay...


Read more: http://www.thisismoney.co.uk/money/m...#ixzz1tsyRl3sj

[Sabrina]

More on the fall out from the Bank of England BBC interview, posted here yesterday.....

4 May UK

MPs demand probe into Bank of England's failure after Sir Mervyn admits to mistakes on financial crisis


MPs yesterday called for an urgent investigation into the Bank of England’s role in the financial meltdown of 2007 and 2008.

The institution’s governor, Sir Mervyn King, admitted this week that he should have done more ‘to prevent the disaster’ – the worst since the 1930s.

David Ruffley, a senior Tory MP who sits on the Treasury Select Committee, said a probe could not ‘come soon enough’...............

The Tory chairman of the committee, Andrew Tyrie, said: ‘The Bank is taking on considerable new powers in the Financial Services Bill, currently before Parliament.

‘Yet we still do not have firm and agreed conclusions about the mistakes that were made and which the legislation is, presumably, seeking to address.’

John Mann, a Labour member of the committee, called on Sir Mervyn to apologise for the Bank’s handling of the credit crunch.

There certainly should be an inquiry into the Bank’s mistakes and it is a shame that Sir Mervyn has rebuffed the proposal in the past,’ he added. ‘We need to know where the Bank failed, and why. We also need to look at his role, because he was a big part of the problem.’

In a BBC interview yesterday, Sir Mervyn was accused of being ‘scared’ of a large-scale inquiry into the Bank’s conduct before, during and after the crisis.


Read more: http://www.thisismoney.co.uk/money/n...#ixzz1tt0IcuPF

[Sabrina]

It's one way of resigning from it all...

http://americankabuki.blogspot.co.uk/

Edmund Leopold de Rothschild Dies at 84

I am not sure why this took so long to get into the major papers considering he died on April 19th, 2012, and he was such a prominent figure but here's what I've found so far.

Most of the obituaries are making him out as a musical philanthropic and miniature train enthusiast. They say very little about his banking activities in Latin America and his funding deep involvement in the CO2 caused Global Warming scam.

The only really good photo I could find was one with him in a train engineers hat, so I created his composite above. He was involved in far more than orchestras, choirs, and miniture scale railroading. He appears to have never married.


"Leopold de Rothschild, who has died aged 84, was a member of the Rothschild banking family and had a distinguished career in finance; his greatest passions, however, were classical music and steam trains, and he was well known as a leading musical philanthropist."
http://www.telegraph.co.uk/news/obit...othschild.html


"After leaving Cambridge and brief training at other banks, Leo joined his family’s bank, NM Rothschild & Sons, becoming a partner in 1956 and in 1970, when NMR became the last London accepting house to relinquish its private partnership status, an executive director. From 1970 to 1983 he sat as a director on the Court of the Bank of England, like his great-uncle Alfred before him.

Leo de Rothschild was heavily involved in establishing or re-establishing Rothschild’s Latin American offices, especially Mexico, Brazil – where he was responsible for leading the financing for the Rio-Niteroi bridge – and Chile, a country he particularly loved, forming close links with the Matte family.

He played an integral part in the development of the Banking Division and established Rothschild Intercontinental Bank in 1969, bringing together the Rothschild houses and a number of continental firms with historical links to Rothschild."
http://www.smh.com.au/national/obitu...503-1y19q.html


"Born in 1927, Leopold de Rothschild, CBE was educated at Bishop's College School (Canada), Harrow School, and then Trinity College, Cambridge. His career has seen him in many prestigious roles, beginning with his position as Partner of N.M.Rothschild & Sons Limited in 1956. He became Executive Director upon incorporation in 1970, focusing principally on overseas involvement with Latin America.

Mr. de Rothschild became Director of the National Provincial Bank (later National Westminster Bank [NATWEST]) from 1963 until 1970, and Director of the Bank of England from 1970 to 1983. Between 1982 and 1995, Mr. de Rothschild was a Director of Sun Alliance and London Insurance PLC and he also founded and chaired the Anglo Venezuelan Society from 1975 and 1982, of which he is currently Vice-President.
http://www.wqxr.org/#!/people/leopold-de-rothschild/


Edmund Leopold de Rothschild banker for Global Warming Scam
"After Edmund [Leopold] de Rothschild’s statement, without basis, at the 4th World Wilderness Congress in 1987, that CO2 is the cause of a non-existent global warming – and that combating it needs money (our money), he founded the World Conservation Bank for this reason. In 1991 its name was changed to The Global Environment Facility (GEF).

The purpose of this facility is to lend money to the poorest countries, printed by the IMF out of thin air, and with the guarantee of our governments. The facility takes wilderness areas with mineral riches as security. The GEF money is then to flow back to our governments as reimbursement for paid loans. I.e. We give away our tax money. For what?

When a country cannot repay loans to the GEF it must give up a piece of its territory to the Rothschild banks (GEF, IMF, World Bank) – up to 30% of the Earth are meant. If land cannot be offered as collateral the country must starve (Haiti, Argentina and others).

Rothschild´s stroke of genius was that he had his GEF smuggled into the UN system at the Rio UN Summit in 1992 by his friend, Maurice Strong. So now high-ranking ministerial officials from 179 countries are in the the council of the bank – blessing Rothschild grabbing the world!"
http://soldierforliberty.wordpress.c...land-and-food/


British Venezueland Society: http://britishvenezuelansociety.org/society.html


Former Vice President and Director Banco Bice SA
Leopold de Rothschild served as Vice-President of Banco BICE SA. Mr. de Rothschild served as Non-Executive Director of Rothschild & Sons Ltd.
http://investing.businessweek.com/re...mpanies,%20Inc.

Banco Bice S.A offers traditional financial services in Chile. It also specializes in foreign trade, financing of investment projects, and provision of advisory services in the field of corporate investments. In addition, the company offers hypothecating financings and services, and leasing and brokerage of nonprevisual insurances. Banco Bice was founded in 1979.
http://investing.businessweek.com/re...ivcapId=875783




Board Members Affiliated with Leopold de Rothschild
AGE:88 [NOTE: AGE LISTED IS 4 YEARS OLDER THAN THE OBIT]
Total Annual Compensation (unknown)
Former Vice President and Director of Banco Bice SA
Corporate Headquarters, Teatinos 220 Santiago,
Region Metropolitana (Santiago)
Chile

Éric de Rothschild
Chateau Rieussec
Board Affiliations
N M Rothschild & Sons Limited

Douglas N. Daft
Retired Chairman, CEO and Chairman of Executive Committee of Coca Cola Company (2000-2004)
Independent Director and Member of Compensation, Nominating & Governance Committee of Wall Mart Stores Inc. (2006-N/A)
Director of Green Mountain Coffee Roasters Inc.
Advisory Board member of Longreach, Inc.,
Advisory Board member of Tisbury Capital

Director Tisbury Fund Limited (1999-2004)
Advisory Board member of Thomas H. Lee Partners

Former Director SunTrust Banks, Inc. (2003-2012)
Member of the European Advisory Council for N.M. Rothschild & Sons Limited
Member of the Board of Governors of Thunderbird School of Global Management
The Garvin School of International Management in Arizona

Trustee Emory University
Trustee of the Cambridge Foundation
A Visiting Fellow, Oxford University Business School
Director Center for Strategic and International Studies, Inc.
Director Grocery Manufacturers Association
Trustee The American Assembly

Chairman of the Advisory Board for the Churchill Archives Center, Churchill College, Cambridge
Patron of the American Australian Association
Director and member of Audit and Compensation Committees of Sistema-Hals (Russian Real Estate Developer, 2009-Present)
Director McGraw Hill Companies Inc. (Publishing House, 2005-Present)
Board Affiliations
N M Rothschild & Sons Limited

Anthony Alt
N M Rothschild & Sons Limited
Board Affiliations
N M Rothschild & Sons Limited


Anthony Salz
N M Rothschild & Sons Limited
Board Affiliations
N M Rothschild & Sons Limited


Peter A. Smith
Savills plc (Real Esetate Services)
Board Affiliations
N M Rothschild & Sons Limited


Andrew Didham
N M Rothschild & Sons Limited
Board Affiliations
N M Rothschild & Sons Limited


Mark Evans
N M Rothschild & Sons Limited
Board Affiliations
N M Rothschild & Sons Limited


David de Rothschild
Paris Orleans S.A.
Board Affiliations
N M Rothschild & Sons Limited
http://investing.businessweek.com/re...mpanies,%20Inc.


Most Connected People to Leopold De Rothschild
Name Relationships
Douglas N. Daft 163 Relationships
Peter A. Smith 55 Relationships
David de Rothschild 28 Relationships
Andrew Didham 23 Relationships
Éric de Rothschild 20 Relationships
http://investing.businessweek.com/re...rsonId=6551189


FRIDAY, APRIL 20, 2012
Death of Leopold de Rothschild, CBE

Leopold David de Rothschild, CBE, scion of the great banking dynasty, died 19 April, 2012. He was 85.

He was born 12 May, 1927, a son of Maj Lionel Nathan de Rothschild, OBE (1882-1942) by his wife the former Marie-Louise Eugenie Beer (d 1975), dau of Edmund Beer, of Paris.

Mr De Rothschild was a partner, N.M. Rothschild and Sons, &c. He was appointed CBE in 1985.http://peeragenews.blogspot.com/2012...child-cbe.html
Posted by AMERICAN KABUKI at 9:43 PM 0 comments
Labels: Edmund Leopold de Rothschild, Obituary

[Sabrina]

http://www.huffingtonpost.com/2012/0...l?ref=business

2 May USA

Medicare Fraud Crackdown: 100 Doctors, Nurses, Social Workers Charged In Historic Bust

MIAMI -- Federal authorities charged 107 doctors, nurses and social workers in seven cities with Medicare fraud Wednesday in a nationwide crackdown on unrelated scams that allegedly billed the taxpayer-funded program of $452 million – the highest dollar amount in a single Medicare bust in U.S. history.

It was the latest in a string of major arrests in the past two years as authorities have targeted fraud that's believed to cost the government between $60 billion and $90 billion each year. Stopping Medicare's budget from hemorrhaging that money will be key to paying for President Barack Obama's health care overhaul.

Health and Human Services Secretary Kathleen Sebelius and Attorney General Eric Holder partnered in 2009 to increase enforcement by allocating more money and staff and creating strike forces in fraud hot spots.

On Wednesday, hundreds of federal agents fanned out around the country, raiding businesses, seizing documents and charging 107 suspects in Miami, Los Angeles, Houston, Detroit, Chicago, Tampa, Fla., and Baton Rouge, La. The government suspended payment to 52 providers as part of the investigations.

"When President Obama took office he asked Attorney General Holder and me to make fraud prevention a cabinet-level priority," Sebelius said in remarks prepared for a news conference in Washington.

Among those arrested Wednesday were the owners of two community mental health centers in Baton Rouge, charged with billing $225 million in their scams. Hoor Naz Jafri and Roslyn Dogan allegedly recruited vulnerable patients, including elderly people, drug addicts and the mentally ill. Patient charts were doctored to show services that were billed to Medicare but often never given, according to an indictment.

[Sabrina]

Bank of New York Mellon Chief Resigns in a Shake-Up Along with Over Six Hundred Bankers Worldwide No Explanations
2 May

http://beforeitsnews.com/story/2086/...lanations.html



By SUSANNE CRAIG New York Times -

Bank of New York Mellon’s chief executive and chairman, Robert P. Kelly, stepped down late Wednesday because of “differences in approaches to managing the company,” the bank said.

Pressure on the bank has been growing for months. While it has avoided the mortgage woes that have bedeviled the nation’s biggest financial institutions, it has come under scrutiny because of accusations that it and other custody banks shortchanged clients when executing currency trades for foreign transactions. In addition, Bank of New York’s performance has lagged that of its chief rival, State Street.



Total is now about 611 bankers worldwide.....

[Sabrina]

Bankster Spotting on Facebook says:
Forbes is coming clean - like all the quitters they want to disassociate with the "shady/dark side.


http://www.forbes.com/sites/michaelp...ow-and-when/2/
27 APril

The Bernanke Bust, the why how and when

These graphics speak volumes. Now in its 44th month, the Bernanke monetary boom as measured by our TMS2 metric is up a cumulative 58% and tracking the now infamous Housing Boom-Bust monetary surge almost to a tee. Heck, at $3.1 trillion the Bernanke monetary boom is already 1.6 times the size of the monetary surge that produced the Housing Boom-Bust and a whopping 4.5 times the size of the surge that gave us the Tech Boom-Bust. What’s even more interesting is that the Bernanke monetary boom is still going strong. As noted above, the latest TMS2 reading shows it was sporting a 14.5% year-over year rate of increase versus the 9% and decelerating year-over-year rate seen in the 44th month of the Housing Boom-Bust cycle.

We think this kind of monetary largesse guarantees an economic bust. In fact, given the size of the monetary surge so far, it’s quite possible that the bust will rival the size and intensity of Housing Boom-Bust turn Great Recession. Worse still, we could be looking at something even bigger than that…

The Bernanke Boom – Bust-to-Be, Bigger than the Housing Boom-Bust?

Yes, there is a real chance that the coming Bernanke Bust could pack an even bigger punch than the Housing Boom-Bust. One simple reason… A lot more monetary largesse could be in in the offing.

We sight three primary inflationary forces…

First, it’s no secret that the European Central Bank (ECB) and Bank of England (BOE) are running their own asset purchase and loan programs in an attempt to inject money into their fragile banking systems. What is a bit harder to see is that the US banking system has become a major beneficiary of that money. You see, as illuminated by Kash Mansori in his essay Europe’s Banking System: The Transatlantic Cash Flow, many European depositors are quite skeptical of European banks and are taking their deposit money, now being generously fed by ECB and BOE largesse, and re-depositing that money in the perceived relative safety of US banks. The result is a nice push for the US money supply. Indeed, the ECB and BOE have exploded their balance sheet footings 54% and 38%, respectively the past twelve months. In US dollar terms that’s a combined increase of roughly $1.4 trillion or 44%. Yet, contrary to basic money mechanics, the Eurozone and UK monetary inflation rates are languishing at multi-year lows…



While it’s true that the ECB and BOE are fighting to offset bank asset liquidations and resultant deposit destruction, that’s only part of the story. The other part of the story is the fact that ECB and BOE largesse is being exported to the States, contributing nicely to that robust 14.5% year-over-year rate of increase in the US money supply.

We’re thinking that as long as the European banking system is considered suspect, the US banking system and therefore the US money supply will continue to be goosed by European deposit flows. In fact, given the mounting sovereign debt crisis that is Europe, this is likely with or without the help of the ECB and BOE. If the ECB and BOE see fit to continue to grow their balance sheets, all the more monies likely to be exported to the States.

Second, as we discussed in last month’s essay, with excess reserves of some $1.5 trillion (owing to three plus years of Federal Reserve asset purchase and loan programs) yield starved banks – buttressed by improved liquidity and capital ratios, a Federal Reserve and US government still cleansing bank balance sheets of mortgage and mortgage related debt and near zero rate funding costs maybe as far out as 2014 – seem more and more willing to pyramid up those reserves into money and credit; i.e., to create uncovered money substitutes by making loans and buying assets. Have a look at the recent rate of change metrics in uncovered money substitutes and a proxy for its obverse, commercial bank credit as compiled by the Federal Reserve (the later which represents roughly four fifths of total bank credit). Both have been marching steadily higher and are currently touching two and a half year highs…



As we noted in that same essay, assuming a conservative reserve ratio of 10% on bank deposit liabilities - the highest reserve requirement ratio on the books – banks could theoretically triple the money supply, and do it simply by buying government securities.

full story and graphs at link

[Sabrina]

http://money.msn.com/business-news/a...13&id=14986055

Free Documentary Solves Global Debt Crisis in 48 Minutes
April 13

VENUS, Florida, April 13, 2012 /PRNewswire/ --

The Venus Project (TVP) today announces its 'Paradise or Oblivion' documentary, to provide prime ministers, presidents and other world leaders with the means to not only resolve spiralling national debt but also end poverty, war, crime, and inequality forever; simply by investing less than one hour of their time, just like the 175,000+ individuals that have already viewed the film.

This groundbreaking documentary not only identifies the root causes of many major global problems, but also recommends the steps that our species can take to solve such issues. 'Paradise or Oblivion' is available on the internet for free, in more than 24 different languages to ensure availability to all humans; race, colour or creed.

'Paradise or Oblivion' is the culmination of an astonishing 75+ years of research performed globally by what is now known as The Venus Project; founded and directed by Jacque Fresco and Roxanne Meadows.

Based largely on anthropology, the documentary also spans almost all scientific and economic fields of study in order to provide a comprehensive solution to the problems of planet Earth and its inhabitants.

The documentary is the next step towards TVP's goal of an international motion picture, for which directors and scriptwriters are currently being considered.

'Paradise or Oblivion' can be viewed online at: http://www.thevenusproject.com

The Venus Project is an organization that proposes a feasible plan of action for social change working towards a peaceful and sustainable global civilization. This scientific company operates out of a 21-acre research centre located in Venus, Florida.

Other resources: Aims and proposals of TVP, FAQ, Media Archives, Resource- Based Economy description, Original music by Carly Paradis. Organization links:http://www.thevenusproject.com, http://www.paradiseoroblivion.com, http://www.tvpactivism.com, http://www.venus-expressions.org

For further information or to arrange an interview:Roxanne Meadows, Ph: +1-863-465-0321, e-mail meadows@thevenusproject.com

[transiten]

Sabrina, I haven't read it all, AT ALL but thank you anyway for your consistent effort to provide us with this info. I'm starting to take antibiotics today for lymedisease i was diagnosed with yesterday after 7 months of severe symptoms hoping to get well soon being able to concentrate again.

[Sabrina]

Thrive the movie is now free. Found it to be good stuff. Backs everything up for the doubters... Good practical info. on the site. Yep he's Proctor Gamble - but was impressed with him. Sab.

http://www.thrivemovement.com/the_movie

[Sabrina]

Posted by transiten (here)
Sabrina, I haven't read it all, AT ALL but thank you anyway for your consistent effort to provide us with this info. I'm starting to take antibiotics today for lymedisease i was diagnosed with yesterday after 7 months of severe symptoms hoping to get well soon being able to concentrate again.

Thanks Transiten - hope you feel better soon. Have heard the Royal Rife frequency machines help. There's a Dr Jeff Sutherland in the US involved in this, but can't track down his website, but he's on the US forums about frequencies that help. ALso Dale Fawcett in Seattle has a company and knows about it all - but can't find his website at moment either.

[Sabrina]

Lots of repositioning going on everywhere!!


http://dealbook.nytimes.com/2012/05/.../?ref=business
3 May

Once Remote, Goldman Sachs Puts on a Friendly Public Face


After a steady stream of criticism since the financial crisis, Goldman Sachs is trying to burnish its image.

Last week, the company’s chief executive, Lloyd C. Blankfein, gave rare back-to-back televised interviews to CNBC and Bloomberg Television, in which he emphasized the company’s focus on clients. And on Wednesday, he spoke at a lesbian, gay, bisexual and transgender conference called “Out on the Street,” explaining the company’s support for gay rights. In recent weeks, Goldman executives have been more talkative with reporters.

By stepping into the spotlight even a little, Goldman appears to be embarking on a subtle campaign to repair its reputation. The bank’s message is simple: Goldman cares about its clients and its community.


It is unclear whether such moves will change public perception, in large part because Goldman does not have a new story to tell. The financial company made a another public relations push a couple of years ago, with little success. In 2010, Goldman — still reeling from Congressional hearings, a government lawsuit and a less-than-flattering portrayal as a “vampire squid” in a Rolling Stone article — rolled out a series of national advertisements aimed at improving its public standing.

But with its latest effort, Goldman is taking a different tack by reaching out even though there is no blowup.

“Any time that you’re engaging proactively is a good thing,” said Michael W. Robinson, an executive vice president at Levick Strategic Communications, a public relations firm. “The press around Goldman is never going to go down to zero, but the goal is to be less interesting and less attractive as a target.”

full story at link

¤=[Post Update]=¤

http://www.turkishweekly.net/news/13...ignation-.html

4 May Turkey

Turkey’s restive main opposition was hit by fresh turmoil yesterday as the right-hand man of party leader Kemal Kılıçdaroğlu submitted his resignation, disgruntled with long-running disagreements over the party’s vision and a row over how to organize its influential Istanbul branch.

[Sabrina]

Ord River River Resources Australia

ORD likes to inform the market that Mr. Peter Shou has offered to resign as a Director and as Managing Director of ORD for personal reasons. The board has accepted his resignation and it is made effective 3 May 2012.

¤=[Post Update]=¤

Rather think this resignation will be on the cards soon:

http://www.irishecho.com.au/2012/05/...-inquiry/18162

4 May Ireland

Abuse victims seek Brady’s resignation over inquiry

Specialist detectives are reviewing claims the head of the Catholic Church in Ireland knew in 1975 that five children were being abused by one of the country’s most dangerous pedophiles.

As Cardinal Seán Brady was increasingly isolated over his role in a secret Church inquiry into evil Brendan Smyth, a series of political leaders piled further pressure on him to quit.

Abuse victims including Brendan Boland and Sam Adair and others speaking anonymously led a chorus of calls for his resignation before Ireland’s deputy prime minister Eamon Gilmore warned that anyone in authority who did not act should go.

[Sabrina]

http://www.indianexpress.com/news/ne...n-govt/945157/

4 May

Nepal cabinet resigns to pave way for coalition govt


All ministers in Nepal cabinet resigned en masse on Thursday night in a last-ditch attempt to pave way for the formation of a national consensus government to resolve the current political crisis as the May 27 deadline to draft country’s new Constitution draws near.

The ministers submitted their resignation to Prime Minister Baburam Bhattarai, who is under attack from the Nepali Congress and CPN-UML, at the secretariat of the Special Committee where the agreement was discussed and signed, according to a report by Republica.com.

Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha announced the resignation of all the Maoist ministers while Minister for

Physical Planning made the similar announcement on behalf of the ministers representing the United Democratic Madhesi Front (UDMF).

Bhattarai will form a new coalition government including members of the main opposition parties, officials said. No date for the formation of the new government was announced.

Nepal’s parliament has until May 27 to write a new constitution, which will divide the country into new states. The assembly was elected in 2008 with a mandate to draft the document within two years, but the deadline has been repeatedly extended amid little progress.

[Sabrina]

http://www.telegraph.co.uk/news/ukne...Coalition.html

3 May UK

Leveson Inquiry: Andy Coulson's evidence will cast shadow over Coalition

Andy Coulson, David Cameron’s former communications director, and Rebekah Brooks, the former head of News International, are to give evidence at the Leveson Inquiry next week

The hearings are set to overshadow a key week for the Prime Minister who had hoped to regain the initiative by unveiling the Coalition’s policy agenda for the next year.

However, the week is likely to be dominated by renewed questions over the decision to appoint Mr Coulson, the former editor of the News of the World, as a key Conservative adviser.

Dozens of private text and email messages between Mr Cameron and Mrs Brooks are also expected to be made public, along with details of the close relationships enjoyed by her and several senior members of the Government.

Both Mr Coulson and Mrs Brooks have been arrested as part of the police investigation into phone hacking at the News of the World. The Crown Prosecution Service is considering whether Mrs Brooks should face charges over conspiring to pervert the course of justice.

Lawyers for the Leveson Inquiry, which is looking into the relationship between politics and the media, will not question the pair about the phone hacking allegations. They are expected to focus on the relationship between News International and Mr Cameron’s administration.