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Rats And Sinking Ships: Chairman Of Greek Bank Rescue Fund Resigns

Tyler Durden's picture




 

With "The objective of the Hellenic Financial Stability Fund is to contribute to the maintenance of the stability of the Greek banking system, for the sake of public interest," it appears the Fund's Chairman has decided to add some instability and leave the sinking ship:

  • *GREEK BANK RECAPITALIZATION FUND CHAIRMAN RESIGNS: STATEMENT

Ironic (or coincidental) timing as Draghi proclaims he is not blackmailing Greece and Merkel says "Nein" to more liquidity.

As Bloomberg notes,

Christos Sclavounis, Chairman of the Hellenic Financial Stability Fund, resigned, Athens-based institution says in e-mailed statement today.

 

* * *

Perhaps this is why...

 

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Mon, 03/23/2015 - 14:07 | 5918590 froze25
froze25's picture

Think he is going to stay in Greece?

Mon, 03/23/2015 - 14:10 | 5918606 Took Red Pill
Took Red Pill's picture

He saw the iceberg dead ahead and wants off the ship

Mon, 03/23/2015 - 14:27 | 5918654 NoDebt
NoDebt's picture

Departure check list:

1.  Secure all pilfered money in accounts outside country in names of relatives.

2.  Delete all emails.  Burn the hard drives.  Destroy all backups.

3.  Copy sensitive documents in case you need leverage later.  Burn originals.

4.  Clear out petty cash drawer (that would be Greek pension funds).

5.  Leave all office supplies.  Do not take the Keurig machine.  Leave the box of donuts in the conference room exactly where it is now.  Makes you look honest, immediate suspicion will be suppressed.

Mon, 03/23/2015 - 14:32 | 5918692 TruthInSunshine
TruthInSunshine's picture

Breaking News: Greece seizes John Stamos's bank accounts; puts lien on Stamos's future earnings from Greek Yogurt commercials.

Mon, 03/23/2015 - 15:53 | 5919082 StychoKiller
StychoKiller's picture

"You seem to know a lot about this, for an 'innocent person.'" :>D

Mon, 03/23/2015 - 14:36 | 5918697 NoVa
NoVa's picture

He saw a Cordless Nail Gun from Bosch in back seat of his car - 

 

Mon, 03/23/2015 - 17:52 | 5919528 asteroids
asteroids's picture

Bosch is German, yes?

Mon, 03/23/2015 - 14:10 | 5918607 Newsboy
Newsboy's picture

Top underling suicides in 10, 9. 8. 7....

Tue, 03/24/2015 - 00:13 | 5920668 one_hundred
one_hundred's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... http://goo.gl/ezLA00

Mon, 03/23/2015 - 14:22 | 5918643 Bay of Pigs
Bay of Pigs's picture

You won't see that story covered anywhere in the MSM in America.

 

Mon, 03/23/2015 - 15:04 | 5918847 TNTARG
Mon, 03/23/2015 - 14:10 | 5918608 KnuckleDragger-X
KnuckleDragger-X's picture

Undoubtedly so he could spend more time with his family and avoid nailgun accidents.....

Mon, 03/23/2015 - 14:12 | 5918614 Drummond
Drummond's picture

Resigns??? Haven't seen this one before. His office must be on the ground floor.

Mon, 03/23/2015 - 14:22 | 5918644 Freddie
Freddie's picture

No JP Morgan skyscrapers to fall off of in Athens?

Mon, 03/23/2015 - 14:14 | 5918623 q99x2
q99x2's picture

Arrest him and anyone associated with banking the world over that mankind should live, that wars shall stop, that blindman shall see, that the dumb shall speak and that the one without shall sure have plenty if he ain't had none.

Mon, 03/23/2015 - 14:15 | 5918627 no more banksters
no more banksters's picture

" it appears the Fund's Chairman has decided to add some instability and leave the sinking ship"

Not at all. Tsipras just wants to take full control of the HFSF, put his people.

Mon, 03/23/2015 - 14:15 | 5918629 Panic Mode
Panic Mode's picture

Loot & Go

Mon, 03/23/2015 - 14:15 | 5918630 Make_Mine_A_Double
Make_Mine_A_Double's picture

They still have asswipe don't they? So it's not Defcom 5 just yet.

But it is getting pretty Kaufka-isk entertaining watching Tsipras getting his dick slammed in door jams all over Europa.

 

Mon, 03/23/2015 - 14:19 | 5918637 Freddie
Freddie's picture

He is lucky that Greece has no Home Depot or Lowes because he might have a nail gun in his future.

Mon, 03/23/2015 - 14:20 | 5918639 youngman
youngman's picture

He has to sign a form in Swizerland to open his bank account....the monies were wired over the last 3 years...

Mon, 03/23/2015 - 14:46 | 5918754 Augustus
Augustus's picture

After Tsapass did the cram down on the rollover of the Greek debt onto the banks, there is little left to save.  More money from the EZ through their ELA program is meaningless.  Having a bunch of nutty socialists face reality is going to be ugly.  Will Tsapass call another election so that he can be defeated and not be in office when there is the final calamity?

Mon, 03/23/2015 - 14:51 | 5918787 TNTARG
TNTARG's picture

I'm protesting with this video against the fucking destruction of Greece under the financial oligarchy who OWNS Greece not only leaving it alone but also REPAIR.

https://www.youtube.com/watch?v=gugp9Mr6oe8&spfreload=10

Imagine if people would do such protest all around the World... (People who knows and understand, I mean, that what's happening in Greece it's not greeks "fault" but a modus operandi for stealing, looting, pillaging...)


 

Mon, 03/23/2015 - 16:07 | 5919145 Miss Expectations
Miss Expectations's picture

Here's a flashmob orchestrated by a BANK:

https://www.youtube.com/watch?v=GBaHPND2QJg

Mon, 03/23/2015 - 16:42 | 5919297 TNTARG
TNTARG's picture

Yeah, they're so good at it.

However, I'm saying "OUT OF THE EURO, GREECE". Ans also Italy and Spain and Ireland and and and.

And... End the FED.

We need to walk away from these people. Dance away, sing away from them. Whatever.

Mon, 03/23/2015 - 14:57 | 5918809 adonisdemilo
adonisdemilo's picture

Time to walk away.

Default, and let them feel the full effects of their bullying stupidity when their derivatives blow up in their faces

Mon, 03/23/2015 - 17:16 | 5919410 VooDoo6Actual
VooDoo6Actual's picture

Shouldn't be too long now. The Implosion of some sorts can't be too far off.

Mon, 03/23/2015 - 17:43 | 5919503 Gambit
Gambit's picture

I am ready with 2 years supply of Popcorn ready to stuff in my face... I have been waiting for this for 2 years. 

Mon, 03/23/2015 - 21:36 | 5920316 Buck one
Buck one's picture

This bloke could not manage a Child’s savings account the thing is what will happen next, it must be worrying for the average Greek citizen

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