BRITAIN: ‘ OSBORN BACKS DOWN ON BANKERS BONUSES UNDER PRESSURE FROM EU ‘

#AceNewsServices – BRITAIN – Nov.22 – Britain suffered an embarrassing defeat in its attempt to block the European Union’s new limits on bank bonuses on Thursday, withdrawing its legal challenge after an adviser to the bloc’s top court made clear it was unlikely to succeed Reuters reported. 

The Canary Wharf financial district is seen in east London November 12, 2014. CREDIT: REUTERS/SUZANNE PLUNKETT

The Canary Wharf financial district is seen in east London November 12, 2014.
CREDIT: REUTERS/SUZANNE PLUNKETT

I wrote a post about ‘ Too Big To Fail ‘ soon after the 2008 crisis relating to the construct of the banking industry and also and mainly due to products sold. These products have carefully been crafted to provide investor’s with just the right amount of risk. In hindsight and after much deliberation l should have called it ‘ Too Big to Fall’ as latest reports are conceding.       

Though EU law aims to curb the kind of risk-taking that led to the 2007 to 2009 financial crisis by limiting bonuses awarded from next year to a sum no more than a banker’s fixed pay, or twice that level with shareholder approval.

Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU’s powers, a sensitive subject at a time of rising British anti-EU sentiment.

However, Finance Minister George Osborne was forced to concede defeat after an adviser, whose opinions are non-binding but are generally followed at least in part by the Luxembourg-based European Court of Justice, said he supported the limit on banker bonuses and that it did not restrict total pay.

“I’m not going to spend taxpayers’ money on a legal challenge now unlikely to succeed,” Osborne said in a statement. “The fact remains that these are badly-designed rules that are pushing bankers’ pay up, not reducing it.”

Ace Finance News – Related Posts Here:   

#ANS2014 

#too-big-to-fall, #bankers, #banks, #bonuses, #investors, #pay, #products

UNITED STATES: ‘ The Meek Will Inherit the Earth and the Strong Will Wither on the Vine ‘

#AceNewsServices – UNITED STATES – October 10 – All money that is printed for the purpose of the lending market, has but one purpose from a lenders point of view ,to create a way to hold people accountable, should they not pay!

' Bankers Lending Money and Manipulating the Stock Markets '

‘ Bankers Lending Money and Manipulating the Stock Markets ‘

That is the First Rule of Lending:

The second is to minimise the risk in favour of themselves, so as in the case of the wall street bankers they created a way to maximise profits and minimise risk, simply by creating a portfolio of hedge funds, these were of course situated offshore, thus no taxation payable! They were then utilised to buy corporate bonds and using the hedge funds, they created products to sell to their investors! So when an investor came to them looking for good investment opportunities, they were  as with all products, advised of the  risk, asking whether they would prefer a low, medium or high risk investment ,not realising the products they were being offered, had been designed and honed by the investment bankers!

In fact they were so well designed that the bankers made money, whether the client made money or not! As the products were designed with one simply plus, that of capitalizing on the “Investors Greed” so the more the client made, utilising their highest risk investments, the more the bankers made, but add to that the additional plus {For them not the Investor} the more the client lost, they still made money!

Now with all that accumulated wealth funds offshore they do not need people to invest ,they have all the capital they need, and can sit in their ivory towers and move money on a computer screen, making a billion a second!  One final bonus for them is that using all the hedge funds they then convert them into Wealth Funds and as an investment vehicle buy shares in corporations when the 2008 crisis hit!

Also as  a lot of investors went to the wall around that time, they picked up dirt cheap assets, purchased with their own clients money!!

Well Now Their is a Bonus for the Bankers: 

' Wall Street '

‘ Wall Street ‘ 

Now these Wall Street Bankers have become to big too fail, the reason well their clients provided the wealth for them to grow to a size, to buy anything and provide funding through “Dark Money” Investment Vehicles” to make it possible to manipulate the governments of the world!

They started by backing certain politicians in the senate and of course their own future leader ,they may have failed this last time, but mark my words they will succeed eventually!

So now these bankers – who people have aptly called bankster’s ,who trousered the wealth can watch people fail, or lose their livelihood as they did in 2008!

You see these bankers are too big to fail for one reason and one reason only, while they can manipulate people with their billions, they control the world by the simple action of “Money” and as everyone should know “The Love of Money is the Root of all Evil” and it is the bankers that are the snakes, and we are those that can be bought following their words eat of the tree of knowledge of good and evil, everyday of our lives!

Eventually and sooner than you think these people will close their doors and banks will not be open to the likes of us ,who do not have the billions and they will sit in their newly created ivory towers, looking down upon those that put them in this seat, of so-called power!

Then like a massive monopoly board they will move their money on the screen of their computers ,buying and selling assets, they partly own or control!

So when people keep saying to me that we can control these banksters, we can implement “Rules and Regulations” through the FCA or the like, really they have no chance, of success! As the bankers are the ones who hold all the cards and are one step ahead, as they know all the right people, as they buy their power with the almighty dollar.

So they will for the time being sit in the shadows and manipulate the markets.

There is however one saving grace, that one day someone much bigger waiting in the wings will come to the fore and will like them, have already moved all the pieces on the board of life into place, with the whole intention of not controlling money, using power but eventually controlling people’s minds!

They may think they can hide in the lies in their words and avoid detection, but the time is coming when their final days will be over for ever!

Always remember as in the story of little boy who slew the giant Goliath with little more than a sling and a stone.

The Meek will Inherit the Earth and the Strong will Wither on the vine!

#ANS2014

#bankers, #earth, #evil, #good, #meek, #united-states, #wall-street