Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

AUSTRIA: DISASTER IN THE PAST, PRESENT & FUTURE AS HYPO BAD BANK HETA COLLAPSES


When a company trading in asset resolutions resolves not to be insolvent, it’s a bailin. Why Mario Draghi and German banks are really to blame. How the Austrian Government lied about the real situation.




Once upon a time there was a AAA, badly-run Austrian bank – a whopper – called Hypo. But then a German shareholder Bayerische Landsbank gave out some idiot loans in the Balkan States, and the Bavarian subsidiary stepped neatly out of the way just before the solids hit in 2009. So Hypo became a broke bank thanks to a naughty German bank, and the Austrian Government bailed it out.

As is the custom in these circumstances, a ‘bad bank’ was created. A naughty bank is different to a bad bank, in that the NB sprays merde everywhere, and it’s all tucked away into the BB.

The clue’s in the name when it comes to bad banks, but until quite recently this one – Heta – was rated AAA Aaa by some ratings agency somewhere of dubious ownership. So not surprisingly, lots of money piled into Heta.

Of course, some small change to the tune of 5.5bn euros had been needed to set up Heta and write off the ordures. But everyone seemed to be quite happy with the way things were going. Until yesterday.

Because yesterday, “the first results of an asset review suggested a dramatic change in the asset evaluation”. Don’t you just love financespeak? They ‘reviewed’ the assets, and lo, there had been a change, and so the managers were sore afraid. The ‘evaluation’ of the assets showed a great big hole to the tune of 7.6bn euros.



More €uroballs here: https://hat4uk.wordpress.com/2015/03/02/austria-disaster-in-the-past-present-future-as-hypo-bad-bank-heta-collapses/

facts our children can not go and work in the eu they would have to buy medical insurance as they would not get it free , unlike the scum coming to the uk
and they also get housing benefits our children get nothing

you carry on ranting away old chap

You couldn't possibly have read "all" on that website in 35 minutes Tanks, now go back and have another go.

TANKER , your a bit radical ! i wouldn't say all the foreign folk coming here are scum .

I am however fed up with our open border ,it doesn't take a genius to work out that the EU is now too big and poorer nations will flock here while we won't go there ,it's simple ,however Blair said he thought 10 or 15 thousand would come not a million .
Which makes him an idiot ! .

No, that makes blair a multi-millionaire enabler, laughing all the way to the bank.

Tory Blair was/is a very effective conman, ideal for a right wing agenda, surprised he hasn't joined the "real" con party.

You forgot Murderer as well..

How many "poms" are there in France, Spain, Portugal, Austria and Swiz?

PS.

Congratulations to Ireland in what for some looked like a walk over on Sunday.

Pity about the cricket, as well.


8-)

What do you mean by that Fred ??

jimmy no I talk and post facts the uk is over full . if you go abroad like I do you would find that we brits can not get free health cover the doctor will not even see you unless you pay him cash

I was in Lincoln the weekend full of migrants and asking for money saying no home no money . beggars send the scum back

i'm sure they had similar sentiments for you

Did you do the Cathedral at the top of the hill? bit of a climb.

stan no to busy looking at a house .in Stamford .
but had a nice lunch in a nice pub and a pint of good beer
its a shame Lincoln is going down hill fast

Not been there for nearly 25 years at a guess.

Robbed from across the road...



The laughing at us must stop before the election, warns senior Green







With the fallout from last week’s disastrous interview still being felt, Jason Kitcat calls for everyone to up their game


Helen Carter


Sunday 01 March 2015


http://www.independent.co.uk/news/uk/politics/the-laughing-at-us-must-stop-before-the-election-warns-senior-green-10078637.html

The laughing must stop ..With a name like Jason Kitcat what does he expect .

He's a nice boy, so go easy jimmy :-)