CoNCeRNiNG BaNCa MoNTe PaSCHi Di SieNNa...

williambanzai7's picture

DERIVATIVES SPAGHETTI
.

The reason the world has declined
Is debt is now so intertwined
A pasta like mess
Of debt in distress
Prepare for the massive unwind!!!

The Limerick King

THE BANK EXAMINER

 

Scusi mio, I have passed gaseous EURO clouds...

.
BANK EXAMINER 2
.

 

Introducing Fabrizio Viola CEO...

Who apparently only recently learned of these spicy financial developments from a secret document contained in the Bank's vault (no doubt because the banks auditors were too busy serving canapes in the pasta tent at Davos).

 

FABRIZIO VIOLA, CEO BANCA MONTE PASCHI Di SIENA

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Wakanda's picture

Paisano, basta with the pasta.

ptoemmes's picture

Rut Roh: http://globaleconomicanalysis.blogspot.com/2013/01/big-brother-in-action...

==============
The Telegraph reports EU wants power to sack journalists

A European Union report has urged tight press regulation and demanded that Brussels officials are given control of national media supervisors with new powers to enforce fines or the sacking of journalists.

The “high level” recommendations that will be used to draft future EU legislation also attack David Cameron for failing to automatically implement proposals by the Lord Justice Leveson inquiry for a state regulation of British press.

A "high level" EU panel, that includes Latvia’s former president and a former German justice minister, was ordered by Neelie Kroes, European Commission vice-president, last year to report on "media freedom and pluralism". It has concluded that it is time to introduce new rules to rein in the press.

“All EU countries should have independent media councils,” the report concluded.

“Media councils should have real enforcement powers, such as the imposition of fines, orders for printed or broadcast apologies, or removal of journalistic status.”

“The national media councils should follow a set of European-wide standards and be monitored by the Commission to ensure that they comply with European values,” the report said.

Nigel Farage, the leader of Ukip, compared the proposals to “Orwell's 1984”. “This is a flagrant attack on press freedom. To hear that unelected bureaucrats in Brussels want the power to fine and suspend journalists is just outrageous,” he said.
======================

http://www.telegraph.co.uk/news/uknews/leveson-inquiry/9817625/Leveson-E...

Dewey Cheatum Howe's picture

This how people in power react when the control is slipping away, bet everything it has to do with the Italians and that derivatives and more damagingingly the Antonvenenta bank sale to Monte Dei Paschi. The power base gets increasingly nuttier as the truth pierces through their lies.

Remember as Gandhi said.

First they ignore you, then they ridicule you, then they fight you, then you win.

Round 3 is commencing.

 

They can't enforce a media blackout even if they wanted to. Aaron Shwartz was onto something with the free information movement. I think the hackers need to hit all the major EU offices, banks etc. and just start dumping internal documents all over the net. Really stick it to them for even having the nerve to do this. At some point someone or some groups need to step up and fight back and make a public point that this sort of truth suppression IS NOT ACCEPTABLE if the rule of law is still in effect.

shovelhead's picture

The Facistas are coming out of the closet.

"European values" and a Swiss bank acct.

Fucking amazing.

williambanzai7's picture

There are many different models of totalitarianism and authoritarianism. This Euro maniacs have been inspired by Orwells 1984.

Bahamas's picture

It could have been another nice Lehman event if it were the world's oldest bank to be the one responsible for triggering, via its default and the resulting domino, the ending of modern banking.  

Apostate2's picture

Now, that is Italiano!

Having a laugh.

Love the food porn.

WTFUD's picture

These crazy crazy crazy crazy days are well, just getting more and more crazy! Despite all that the last 24 hours seems to have brought about more listening from our masters & their puppet pimps; a more realistic understanding sinking recognition that the PONZI has been tumbled and Other than Steff LiesIncMan on C FLEM BC this i dare suggest is HOPE and CHANGE.

We shall fight them on the beaches. . .in the trenches. . . and in the algo hft terminals. we shall not be beaten.

WTFUD's picture

I'll see your squillion$€£¥ FIAT and raise you 20 SILVER OUNCES.

FOLD

ShakaZulu's picture

Beware, for when you sit down to eat with the rich you shall vomit up the tasty morsel you have swallowed.  "Eat and drink," he says.  But his heart is not with you!  You shall now eat gruel!

Downtoolong's picture

Like I said, the first derivative was no problem, because, when it started to go bad we wrote this other derivative to hedge it. Now all we have to do is write another derivative to hedge the second derivative which hedged the first derivative and everything will be golden. Ciao.

fiddler_on_the_roof's picture

Banzai, 

Several months ago, when ZH and you were trumpeting that EU is going to disintegrate and making fun of EURO currency, I warned that EURO is the best managed currency irrespective

of the individual countries. They are the nearest hard currency of all there out.

 

At that time EURO was at $.125. Now it is $1.35. I won't be surprised it goes to 1.50 and above.

EURO shorts will eat shit.. where is "orly" ?

williambanzai7's picture

It's ironic that with their collective economy in the state it is in along with the currency war heating up, 1.35 is not exactly a good them for them. Certainly not the periphery or even France. I can almost hear him shouting mama mia just like the shorts.

I'm not sure it's good for anyone there but Germany, very wealthy Europeans with big bank accounts and Goldman Sachs. They haven't fixed their basic problems though.

Just managed to cover them up with fine looking tapestry.

It certainly facilitates financial expatriation for people like Depardieu.

And sooner or later the fat lady always sings.

Jam Akin's picture

A too strong euro actually hurts Germany because of the relative importance of exports to the German economy.

williambanzai7's picture

Yes, but they are torn between opposites. They have a simultaneous stake in Euro cohesion but a manufacturing dependence on a weaker/competitive Euro, particularly since they have allowed so much of their industrial technology to pass to the Chinese. They also have an entrenched financial elite that has its own agenda which seems to be dominating the political narrative. 

In any event they have a higher threshold of currency appreciation pain than the rest of Europe.

Wakanda's picture

"threshold of currency appreciation pain"  -  nicely put

GNWT's picture

as gore vidal said when asked about Ross Perot...

 

First they will demonize him, then trivialize him...

 

time to trivialize THEM

 

www.zirpinusa.com

Manic by Proxy's picture

Al Gore Vidal said "First I will preach global warming, then make millions on carbon credit exchanges, then trivialize it all by selling my shitty cable show, to oil-backed interests. I will then write a semi-pretentious novel about my life. I vomit in your general direction."

monad's picture

Global warming is really fucking cold this year.

GNWT's picture

party like it's 1999...

 

with the Silver Liberation Army...

at...

 

www.ZIRPinUSA.com

 

thanks, bill

piceridu's picture

Banzai this post is epic! Naked shorts, Goldman Slacks...! Today I just might die laughing.

williambanzai7's picture

That picture is funny even without the notes. But you know me, never miss an opportunity...

Frastric's picture

So does Berlusconi have bunga bunga with men to?

williambanzai7's picture

I think that's why they call it bunghole.

Manic by Proxy's picture

I need TP for my bungholio. Are you threatening me?

Sincerely,

The Great Cornholio

Jam Akin's picture

You might be able to do something with the thought Burlesque-oni, WB.

In an unrelated observation, when youre in China, the ZH Asian dating banner ads show only photos of white dudes. Makes sense but still sorta surprising.

williambanzai7's picture

I prefer those Asian dating ads to Citigroup.

ptoemmes's picture

I am never eating spaghetti again.  Or sunny side up eggs.  Come to think of it, I would not eat the Mona Lisa (as shown) either.

Cycle's picture

Draghi ha una faccia a schiaffi.

fourchan's picture

i banki sono roto. a fungul bernaki!

WALLST8MY8BALL's picture

Draghi should get a huge helping of Fusilli Lunghi con Guazzetto Pallino's!

cifo's picture

Is that an angry birds watch on Viola's hand?

williambanzai7's picture

Mickey Mouse, good catch.

Angus McHugepenis's picture

Is that two fried eggs on Fabrizio's head or did a pre-pubescent girl just jump him from behind?

(Note to the younger ZH'ers... us old farts used to joke about the girls in school as they were still developing. We would say "her tits look like a couple of fried eggs").

Fuck I'm getting old. Ah, the mammories...

williambanzai7's picture

 

 

By @blumaberlin

williambanzai7's picture

@blumaberlin is my star Visual Combat pupil. That is the perfect expression.

In case you are wondering what happened to the real Mona...

MONA PAGE

news printer's picture

Yes; she is very talented girl

philipat's picture

Bring back the Bunga Bunga??

machineh's picture

What the hell was Betty Page doing with a swimsuit on?

Very disturbing ...

Spirit Of Truth's picture

Addiction to debt is like addiction to crystal meth.  Someone should do a before and after meth addict portrayal of Bernanke.  This would be a good image to use:

http://pjmedia.com/richardfernandez/files/2011/08/meth1.gif

DaddyO's picture

 

The Mickey Mouse watch is a nice touch! Bravo!!

DaddyO