ECB Pushes The M.A.D. Button, Asks Court To Bar Greek Swap Disclosure, Threatens With Market Disruptions

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Fri, 05/13/2011 - 15:35 | 1272630 NidStyles
NidStyles's picture

So they are saying screw honesty. They will threaten market disruption if they don't get their way. So let me ask this, why would anyone think they have Free-Markets with this situation?

 

I'm growing to think that we need to start killing some people. No trial, no peaceful resolution, just outright killing them.

Fri, 05/13/2011 - 15:42 | 1272642 LawsofPhysics
LawsofPhysics's picture

"They will threaten market disruption if they don't get their way"

Now where have I seen this before?  What was that Volker said before TARP was forced upon congress and the people of the U.S?  What is Timmy telling congress now?  Crash the fucking system already, the sooner we do, the sooner compensation will return to people who are actually worth a shit.

Fri, 05/13/2011 - 16:14 | 1272766 jus_lite_reading
jus_lite_reading's picture

WHAT A FUKKING FARCE! The whole god damned system is corrupt from top to bottom!!! time to start fresh and push the reset button! Greece should lead the way!! DEFAULT ALREADY!

Fri, 05/13/2011 - 16:23 | 1272803 earnyermoney
earnyermoney's picture

you mean follow in Iceland's footsteps. They screwed the bankstas and are on the road to recovery.

Fri, 05/13/2011 - 18:17 | 1273155 snakeboat
snakeboat's picture

Bjork Bjork Bjork Bjork Bjork Bjork Bjork Bjork </seal-tone>.

Fri, 05/13/2011 - 16:24 | 1272806 Id fight Gandhi
Id fight Gandhi's picture

They'll probably have a big ordeal over the weekend. Sunday night watch the news wires.

Fri, 05/13/2011 - 16:54 | 1272956 Strider52
Strider52's picture

I still smile at what (someone) said a week or two ago: Too Corrupt to Prosecute". Another favorite is the new name for silver: Unobtainium. Good Stuff.

Fri, 05/13/2011 - 17:05 | 1273001 Thomas
Thomas's picture

A friend who is high-ranking at Bloomberg declared that "we are going to win this one."

Fri, 05/13/2011 - 19:45 | 1273328 Mallenet
Mallenet's picture

He was talking to you, personal: stupid!

Fri, 05/13/2011 - 20:22 | 1273392 Al Gorerhythm
Al Gorerhythm's picture

In person or personally: stupid....er.

Sat, 05/14/2011 - 06:09 | 1273938 rufusbird
rufusbird's picture

I am big on confidentiality myself, but I don't see a need for it in a statement like that. Attorney's do it all the friggin time.

Fri, 05/13/2011 - 19:46 | 1273337 rocker
rocker's picture

I surely hope your right Thomas.  If not, the FED can help feed another round of devaluation for us.

It would even be better if somebody could find out who the bond holders actually are ???

Expose the winers and teach them that there is a risk to maintaining a fraud based on greed.

Fri, 05/13/2011 - 16:11 | 1272754 sgorem
sgorem's picture

re "NidStyles"; Now this guy has the RIGHT FUCKING IDEA!!!!!!!! Kill em all................Amen Brother!

Fri, 05/13/2011 - 17:00 | 1272970 TK7936
TK7936's picture

"I'm growing to think that we need to start killing some people. No trial, no peaceful resolution, just outright killing them."

Indirectly -thats what they have been doing to the people for centuries

Fri, 05/13/2011 - 18:44 | 1273206 NidStyles
NidStyles's picture

I don't believe in spiteful retribution, or even justifiable killing on the grounds of morality.

 

I do believe in killing for survival though. We are not going to survive if these people keep this crap up.

Fri, 05/13/2011 - 20:39 | 1273432 Al Gorerhythm
Al Gorerhythm's picture

Releasing the papers could damage the commercial interests of the ECB’s counterparties, hurt the region’s banks and markets, and undermine the economic policy of Greece and the EU, the central bank said.

Indirectly alright. Reconstructed into descriptions without the rose colored glasses:-Releasing the papers would expose the true nature and commercial skulduggery of the counterfeiter's(ECB's) as well as their partners, expose the regions loan sharks, expose the Greek's and every EU participating nation as duplicitous liars, the capo dei capi tutti said.

Fri, 05/13/2011 - 19:34 | 1273247 Derpin USA
Derpin USA's picture

If someone were put on trial for killing banksters, and I found myself on the jury, and the defendant made a claim of self defense, I would find him not guilty.

 

Such actions are not murder. They are truly in defense of one's life, liberty and pursuit of happiness.

Fri, 05/13/2011 - 22:15 | 1273609 HowardBeale
HowardBeale's picture

Hopefully, Lloyd Blankfein is at the top of your list--as well as that of those who have the means and balls to follow through.

Fri, 05/13/2011 - 15:38 | 1272631 nope-1004
nope-1004's picture

Truth will come out eventually, so why pretend in the interim?  Bank fraud is everywhere.

The entire world has excessive unfunded liabilities that can't possibly be honored.  Time to hit reset and get on with life. 

Fri, 05/13/2011 - 15:52 | 1272685 Hephasteus
Hephasteus's picture

You're thinking like a normal sane person.

They'd rather kill us all. Say it's our fault. Say they will never change and how we have to start over and try it again.

Fri, 05/13/2011 - 16:12 | 1272765 centerline
centerline's picture

+1.  Class warfare.  Thousands of years later, same shit.

Fri, 05/13/2011 - 18:48 | 1273213 knukles
knukles's picture

The term class warfare presumes the oppressed fight.

Fri, 05/13/2011 - 16:15 | 1272768 jbuchal
jbuchal's picture

U.S. Courts have repeatedly adopted the theories here urged by the ECB to keep federal decisionmaking under wraps. I wouldn't be surprised to see the same result here.

Fri, 05/13/2011 - 16:42 | 1272900 chubbar
chubbar's picture

"Banking was conceived in iniquity and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of a pen they will create enough deposits to buy it back again. However, take it away from them, and all the fortunes like mine will disappear, and they ought to disappear, for this world would be a happier and better world to live in. But if you wish to remain slaves of the Bankers and pay for the cost of your own slavery, let them continue to create deposits." Sir Josiah Stamp, President of the Bank of England in the 1920s, the second richest man in Britain.

Fri, 05/13/2011 - 15:38 | 1272632 LawsofPhysics
LawsofPhysics's picture

Translation;

The greeks say; "We want to default and live by our own means, come what may."

 

The world bankers and the ECB say; "You can not default, now be a good debt slave and shut the fuck up!" 

Fri, 05/13/2011 - 15:59 | 1272723 john39
john39's picture

true, but they have not planted any terrorists in Greece, so, they are going to have to come up with something interesting before they start bombing "for humanitarian purposes"

Fri, 05/13/2011 - 15:38 | 1272634 agent default
agent default's picture

And these are the  the same guys pushing for more transparency in the markets.  You just can't make this shit up.

Fri, 05/13/2011 - 15:46 | 1272673 piceridu
piceridu's picture

+1

Sat, 05/14/2011 - 06:14 | 1273942 rufusbird
rufusbird's picture

Remember the Godfather clip? he's gotta be a team player...right?

Fri, 05/13/2011 - 15:37 | 1272636 TruthInSunshine
TruthInSunshine's picture

Everything is fine in Europe, Greece, all the PIIGSy nations, Japan, the U.S., and with the world and central banks at large.

And inflation is under control, too.

I am highly optimistic smoking my Hopium laced with Moxium, Unobtanium and Plutonium/Cesium/Corium.

05-13 13:32: Starbucks has stopped buying coffee due to price, Reuters reports

Fri, 05/13/2011 - 15:39 | 1272637 DB Cooper
DB Cooper's picture

"You people can't handle the TRUTH!"

Fri, 05/13/2011 - 15:40 | 1272647 bob_dabolina
bob_dabolina's picture

oy vey

Fransn zol esn zayn layb.

Fri, 05/13/2011 - 16:11 | 1272753 willien1derland
willien1derland's picture

Bob shoots HE Scores! And may their wealth be consumed by inflation -

Fri, 05/13/2011 - 15:42 | 1272648 oogs66
oogs66's picture

Didn't Junker already explain it is necessary to lie sometimes?

Fri, 05/13/2011 - 15:39 | 1272649 Cassandra Syndrome
Cassandra Syndrome's picture

Medusa Contagion Bitchez

Fri, 05/13/2011 - 15:39 | 1272650 Bam_Man
Bam_Man's picture

All fraud, all the time is now required to maintain the pretense that the Ponzi can continue.

What we are witneessing is the end of credit and credit-instruments-as-money.

What will follow is a bifurcated monetary system where all goods and services will carry two prices - one in fiat/credit-money and one in specie.

Fri, 05/13/2011 - 15:43 | 1272651 Rynak
Rynak's picture

The market as a hostage.

Every one of them should be stripped of all wealth and then be put in jail for 20 years.

Fri, 05/13/2011 - 15:44 | 1272652 hambone
hambone's picture

For those who doubt QE(X), Herr Stark makes it very clear nobody will fail, not Greece, not Ireland, not California, not anybody...cause that restructuring would be "too risky" to those in power of remaining in power...their power lies in printing more paper and absent printing, their power is, well, absent.

SAN FRANCISCO (MarketWatch) -- Restructuring Greece's debt is too risky and may have a negative impact on the euro-zone region as a whole without resolving any of the underlying issues, a senior European Central Bank official said Friday. "The notion that one could solve a budget crisis by simple debt reduction is an illusion," Juergen Stark, a member of the ECB Executive Board, said in a speech at an award ceremony in Aachen, Germany. Stark noted that debt restructuring will trigger more uncertainties and lead to slower economic growth, forcing the government to borrow more heavily, according to a translated transcript of the speech. Stark also dismissed concerns that Greece was insolvent and stressed the importance of consistent implementation of structural reform.

Fri, 05/13/2011 - 15:55 | 1272709 Dr. No
Dr. No's picture

"The notion that one could solve a budget crisis by simple debt reduction is an illusion"

But debt increases, now that will do it!

Fri, 05/13/2011 - 15:43 | 1272654 NOTW777
NOTW777's picture

is this what they call a "stress" test

Fri, 05/13/2011 - 16:27 | 1272819 Id fight Gandhi
Id fight Gandhi's picture

No, a stress test is a a public farce to spread lies that everything is just fine oe easily fixable.

This is a were fucked moment.

The Greeks seem like they're gaming them right back.

Fri, 05/13/2011 - 15:44 | 1272655 Mercury
Mercury's picture

"Releasing the papers could damage the commercial interests of the ECB’s counterparties, hurt the region’s banks and markets, and undermine the economic policy of Greece and the EU, the central bank said."

Correct.

Now cough it up.

Fri, 05/13/2011 - 16:18 | 1272794 unununium
unununium's picture

+ 10^100

Fri, 05/13/2011 - 15:44 | 1272657 AldoHux_IV
AldoHux_IV's picture

It's amazing how less threatening the threat becomes and even more amazing that we have let central banks operate in secrecy for so long and allowed to get away with the biggest transfer of wealth/slavery upon the masses ever.

Fri, 05/13/2011 - 15:41 | 1272658 Arrowflinger
Arrowflinger's picture

Lesson of this all is clear and evident.

Never, ever trust any third party with your money.

What is hidden is always greater than what is disclosed.

 

 

 

Fri, 05/13/2011 - 15:41 | 1272660 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

You know, i've got a niggling feeling that all these Central Banks have got something very sinister to hide.

But, as we all know, you only get poor criminals... it's unheard of that super 'rich' people could be criminals too. Who owns the Central banks of the world again?

Fri, 05/13/2011 - 15:46 | 1272669 Gimp
Gimp's picture

Keeping up with all the lies and double talk by the Central Bankers is exhausting...I need a Dos Equis

Fri, 05/13/2011 - 15:48 | 1272671 Oh regional Indian
Oh regional Indian's picture

It's all nuclear now. What is unclear is nuclear. All this hidden business can only explode out after so much supression. And it all seems so silly knowing that Fukushima is spewing and Libya is gettign hammered and Palestine is struggling and nuclear fallout has been ongoing for decades....

And here, little men at the ECB playing hide and seek with their cloak and dagger money games.

ORI

http://aadivaahan.wordpress.com/2010/09/20/nuclear-revelation-a-bomb-indeed/

Fri, 05/13/2011 - 15:49 | 1272679 bob_dabolina
bob_dabolina's picture

Isn't refusing to release the information a de facto admission of guilt and foul play? Like refusing to take a breathalyzer when pulled over by the police is viewed as an admission of guilt as viewed by the court.

What credibility could the market even allow them? And what's the point of hiding it anyway? It's pretty apparent that most countries are insolvent at this point and are getting shady backdoor bailout deals on the regular.

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