Saturday 16 March 2013

Here's the European Bankster coup

It was all announced without an ounce of guile
in 2008, shortly after the crisis hit, that the
banksters would be taking over the oversight
of their own shenanigans. Indeed, said
political coup was yet another example of
shenanigans.

The murderers of our future were let into
the European palace by the unelected
prince regent, Barroso. One day,
many moons from now, when the
politicians can no longer hide, this one
act will be seen as the point where
everything went down the sh*tter, for
the EU.
This event will be memorialised on the
tombstone of the Euro, if not the EU.

read 'em and weep:
http://www.europeanvoice.com/article/2008/10/barroso-names-supervisory-team/62761.aspx

Barroso names supervisory team
By Rikard Jozwiak - 21.10.2008 / 17:57 CET

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Former IMF chief will lead seven-member group tasked with reviewing financial supervisory framework.


[well, it looks like European Voice got wise
and put up a cookie barrier. this is all that's
left, so I'll post my own copy, below.
enjoy the mental images of unvarnished hell]

Former IMF chief will lead seven-member group tasked with reviewing financial supervisory framework.

José Manuel Barroso, the president of the European Commission, today named six prominent figures from the world of finance to serve in a high-level group mandated to consider ways of adjusting the supervisory framework for cross-border financial flows in light of the current crisis.

The group will present its first conclusions next spring, in time for EU leaders to consider their advice when they meet at a summit in March 2009.

The team will be headed by Jacques de Larosière, a former managing director of the International Monetary Fund (IMF), whom Barroso had already named when, on 8 October, he announced the creation of the group.

The other members of the group include a number of high-profile central bankers, several figures from the world of corporate finance – including a former top figure in the now defunct Lehman Brothers – and one from an independent financial watchdog.

The chief executive officer of the Centre for European Policy Studies (CEPS), Karel Lannoo, who also specialises in EMU and banking and financial markets, believes the composition of the group is good. “There is a good balance and a good combination of people from different countries and different experiences of finance and economics,” Lannoo says. The chairman of the board of directors of CEPS, Onno Ruding, was among those appointed.

The members of the group added today are:

Leszek Balcerowicz: Former head of the Polish national bank and, as finance minister, the architect of Poland's “shock therapy” in the early 1990s. He is currently the head of the think-tank Bruegel

Otmar Issing: Sat on the executive board of the European Central Bank from 1998 until 2006. Was previously the member of the board at the Deutsche Bundesbank (1990-1998).

Rainer Masera: Former managing director of Lehman Brothers in Italy and former chairman of Chairman of Sanpaolo IMI Group.

Callum McCarthy: Chairman of the Financial Service Authority (FSA), an independent non-governmental body that regulates the financial-services industry in the United Kingdom.

Lars Nyberg: Deputy-governor of the Swedish national bank.

José Perez Fernandez: President of Intermoney, an analytical group assessing global, cross-market arbitrage opportunities.

Onno Ruding: Former vice-chairman of Citicorp/Citibank, USA, former minister of finance in the Netherlands. Currently chairman of CEPS.
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