Comment:

Russia and China have this blood on their hands and should now be expelled from the UN. The UN is now a farce .Thousands of people are now dead and are now been killed! Why is this been allowed to continue? Any person who calls themselves human must condemn this genocide. The Syrian army leadership must be told that they will have to face the international court of justice for murder and crimes against humanity. These criminals must be brought to justice a face the hangman for this!

Related articles

• 25 die as blasts hit Syrian city (independent.co.uk)
• Diplomacy fails as Assad’s troops continue their slaughter in Syria (independent.co.uk)
• Obama Criticizes Syrian Masssacre (myfoxphoenix.com)
• Inside Syria’s Slaughter: One Photographer’s Journey Through a War Zone (lightbox.time.com)
• Syrian regime using car bombs as diversion, rebels say (news.nationalpost.com)
• Syria ‘relaunches’ assault on Homs (guardian.co.uk)

ATHENS (Reuters) – Greece’s largest police union has threatened to issue arrest warrants for officials from the country’s European Union and International Monetary Fund lenders for demanding deeply unpopular austerity measures.

In a letter obtained by Reuters Friday, the Federation of Greek Police accused the officials of “…blackmail, covertly abolishing or eroding democracy and national sovereignty” and said one target of its warrants would be the IMF’s top official for Greece, Poul Thomsen.

The threat is largely symbolic since legal experts say a judge must first authorize such warrants, but it shows the depth of anger against foreign lenders who have demanded drastic wage and pension cuts in exchange for funds to keep Greece afloat.

“Since you are continuing this destructive policy, we warn you that you cannot make us fight against our brothers. We refuse to stand against our parents, our brothers, our children or any citizen who protests and demands a change of policy,” said the union, which represents more than two-thirds of Greek policemen.

“We warn you that as legal representatives of Greek policemen, we will issue arrest warrants for a series of legal violations … such as blackmail, covertly abolishing or eroding democracy and national sovereignty.”

The letter was also addressed to the European Central Bank‘s mission chief in Greece, Klaus Masuch, and the former European Commission chief inspector for Greece, Servaas Deroose.

Policemen have borne the brunt of the anger of massed protesters who frequently march to parliament and clash with police in riot gear. Chants of “Cops, pigs, murderers!” are regularly hurled at policemen or scribbled on walls.

Thousands turned out Friday for the latest protest in Athens, this time against new austerity measures that include a 22 percent cut in the minimum wage.

A police union official said the threat to ‘refuse to stand against’ fellow Greeks was a symbolic expression of solidarity and did not mean police would halt their efforts to stop protests getting out of hand.

source: http://www.reuters.com/article/2012/02/10/us-greece-police-idUSTRE8190UC20120210

Comment:

Here in Ireland we should do the same as the late Brian Lenihian said he was threatened by the same gangsters to take on the so called bailout of Ireland .when in fact we the taxpayers of Ireland are bailing out Deutsche Bank of its gambling debts. The current gang of political leaches  in government are complicit in these crimes and should be arrested on charges of bribery, dereliction of  duty to protect the citizens of Ireland and treachery as they are obviously putting the interests of foreign governments before the people of Ireland .They have sold our natural resources off for a song and are now in the process of selling the taxpayers of this country out to their European masters .Well done and fair play to the Greeks, they can hold heads up high as they at least, are doing something to stop their citizens  been sold into financial slavery. What are the Irish doing? Sleep walking down a very big black hole with Kenny and his gang of misfits !

Wake up Ireland !

Kenny: after”talk”with Angelica in Germany

Related articles

• Greek protesters, police clash as bailout deal in limbo (theglobeandmail.com)
• Greeks strike back against austerity (business.financialpost.com)
• Mish says: Merkel’s Official Denial “I will have no part in forcing Greece out of the euro”; Schäuble Starts Salami Tactics on German Participation, Calls for Vote (jhaines6.wordpress.com)
• (ADIEU) Last minute Greek negotiations fail to yield agreement once again! #eurogeddon (dreadnoughtuk.wordpress.com)
• Eurozone crisis: Greeks try to snatch defeat from the jaws of victory (guardian.co.uk)

watch?v=ToxPiW_2RC8&feature=player_embedded

Under the pilot scheme, mortgage payers will avoid losing their home by giving up ownership and becoming tenants.

It is being run by Clúid Housing Association, which has offices in Dublin, Cork and Galway. Its CEO Brian O’Gorman said the programme would initially involve “a small number of households.”

“The aim is to assist vulnerable home-owners who have unsustainable mortgages and are in danger of losing their home,” he said.

Clúid is currently negotiating final details with the Government, the Housing Agency and AIB. However, broadly speaking the scheme will involve mortgage payers giving up their house or apartment to the bank which holds the mortgage.

The home will then be sold on to Clúid at its current market value, rather than the value of the original mortgage. The household will become tenants of the association, and pay rent based on their income rather than repayments on a debt.

Only homeowners whose mortgages have been officially deemed unsustainable in a Mortgage Arrears Resolution Process with the lender will be eligible for the pilot. The home must be worth less than €220,000 and they must qualify for social housing support.

It’s expected the Government – which put mortgage-to-rent schemes forward as part of the Keane report last October – will roll the programme out nationwide if the pilot is a success.

source: http://www.thejournal.ie/first-mortgage-to-rent-scheme-for-homeowners-piloted-349340-Feb2012/

Comment:

“This amounts to nationalization of the mortgage market and another bank bailout”

First mortgage-to-rent scheme for homeowners piloted

This latest government initiative to help “distressed homeowners” is another blatant example of daylight robbery. People who were sold overpriced homes by the bailed out developers (some whom are been paid 200,000 a year by NAMA) are now been offered a lifelong stint as  financial slaves to the very banks that caused this financial meltdown. Most of these homes are under the water to the tune of 50% or more and the same banks are now taking these homes off the unfortunate people at knockdown prices .Why can’t the same deal be made with the homeowners that was made for the developers .These homeowners should be allowed to buy their homes at current market prices from the Banks. I understand that GE capital is one of the financial backers of the scheme. These are one of the biggest subprime lenders up until recently in this country. The same old game is still been played out and those at the bottom are still getting screwed. None of the gangsters from the banks are in Jail but lots of people will now lose their homes under the guise of this help from the government .” the scheme will involve mortgage payers giving up their house or apartment to the bank which holds the mortgage.”

Why must the mortgage payers pay for the mistakes of the Banks?? Surely a 50-50 blame must be considered here after all the banks knew that the properties were hopelessly overvalued and even the dogs in the street knew that this was a bubble about to burst! The banks got a bailout, the developers got a bailout but ordinary Joe gets his home taken away and he can now become a tenant to the very gangsters who trapped him into this crooked deal in the first place! Yes this is a great deal for “the insiders “ and the “crooked bankers”  but not for the hard pressed homeowners .

Well my friends we are losing our shirts on our protective puts and there is no more value but time now, however we have as a result of the Bank of America stock ( Total stock 3500 )movement up from a purchase price of $5.01- $5.15  we are experiencing a very healthy profit and to offset any losses in these puts total gains for month so far is approx **$9,875 +$ 672 to offset the losses on the puts.

All in all a nice months work and this should pay for my rent in Lubeck for the coming year! Nice one!

Have purchased new protective 8$ puts up until April Just in case the bottom falls out of the market

Remember always be hedged I am still holding on to my  stock as I believe we have a way to go but if I am wrong I make a few bob on the way back down !But I think we are going to see at least a move up to the 200 MDA and maybe beyond!

**This includes all trades that includes other stock and option trades not highlighted in trading posts.

Related articles

• Bank of America Reports Fourth-Quarter 2011 Net Income of $2.0 Billion (thepressnet.com)

Yes when we voted you and your band of traitors into office!

More gombeen political tripe coming from this hopelessly overpaid politician!

Just looking after a few friends lads!

http://shelltosea.com/content/hogan-rejects-public-inquiry-dublin-bay-oil-drilling

Chiefs of the three parties supporting Papademos’s interim government were due to meet with the premier at about midday to hammer out details after setting a framework for recapitalizing banks, ensuring the viability of pension funds and reducing wages and non-wage costs to boost competitiveness. They agreed in a five-hour meeting yesterday to make additional reductions this year equal to 1.5 percent of gross domestic product

full article at source here: http://www.bloomberg.com/news/2012-02-05/papademos-greek-leaders-agree-to-cuts-equal-to-1-5-of-gdp-as-talks-set.html

Comment:

The Troika dictatorship is in full swing and are ignoring the simple fact that Greece is not in a position to fulfil the latest austerity measures now been imposed. This is a just a PR exercise on make belief democracy. The Greeks are been given the illusion that they are making decisions but in reality they are been dictated to by the real masters of Europe, that is Deutsche Bank and their political puppets in Berlin. We in Ireland are in the same boat we have lost our independents and we are all now financial slaves to the new elite of Europe “The Bankers” .The peoples of Europe must rise up and take back our independence and our lands from these make belief friends fromEurope!

Related articles

• Greek PM in crucial bailout talks (bbc.co.uk)