commentary by Roger Erickson
If everyone being rescued in the SNS Reaal bailout instead suffered complete write down of those assets, would the nation actually be worse off, or only that investor class?
Has that particular class, the large-investor class, effectively hijacked public policy, and hence the government? It really is a coup? The Dutch serfs are signing a 7-year indentured-service contract, simply to preserve the status of their masters? Is Iceland the only country left where the serfs have even a semblance of situational awareness, resolve and actual vertebrae?
last Sept Dutch budget cuts leave high arts in very low spirits
"Culture Minister Halbe Ziljstra said he is too pre-occupied preparing for elections to discuss the cuts."
today Netherlands nationalises SNS Reaal at cost of $5 billion
'Finance Minister Jeroen Dijsselbloem told a press conference ... Its collapse "would have unacceptably large and undesirable consequences for financial stability, the Dutch economy and the Dutch tax payer," '
"more than 1.3 billion euros of net losses on its property loans since 2009"
No matter how you look at this, it's the full public paying the price for the mistakes of a subpopulation of investors who should be directing their ire at their own corporate officers, NOT the public at large. The new definition of "Activist Stockholders" is stockholders who are active in demanding bailouts from the public at large? Have we all meekly let criminal sophists simply redefine "bankruptcy" as "citizenruptcy?"
What, exactly, is the definition of "financial stability" being rammed through? And by whom? And why is the public simply bending over and taking the beating FROM those who deserve it? If you're gonna be a martyr, at least pick a good cause, for Pete's sake!
Again, if everyone being rescued in the SNS Reaal bailout instead suffered complete write down of those assets, would the nation actually be worse off, or only that investor class? Who is being cuckcouped here, and by whom? The public, by "Greyish-Brown-Suited Bankers" that dump their s**t in the accounts of other citizens?
Shall we ask the Fraudupon Society to add the "Grey-Suited" Cuckcoup to it's spring bankster count? They're known to spread in wide open, unregulated territories where they can easily become a extreme burden to residents. Perhaps the Fish & Natural Resources agency could start breeding & releasing species such as the *UMKC Control Fraud Harrier, among the few species brave enough to aggressively prey specifically upon the Grey-Suited Cuckcoup. Control Fraud Cuckcoup turds are destabilizing whole ecosystems. Let's also demand that the EPA ban CFCTs.
Rescue the Control Fraud Harrier from the endangered species list!!