Rothschild Is Now In TBTF Plunge Protection Business

Paging Ray Parker Jr. with a remix request:

When some evil fund,

Is out there shorting you

Who you gonna call?

Why, Rothschild!

Following the already failed attempt by captured pan-European regulators to stop the local bank Friend-o treatment by instituting a short-selling ban, whose effectiveness as we pointed out lasted, oh, about 7 days, we find just what Plan B is. And, yes, Rothschild is involved. From the WSJ: "Societe Generale SA, whose shares have come under severe pressure in recent weeks, said Tuesday that it had signed a liquidity contract with Rothschild & Cie. to prevent excessive volatility in its stock price." That's right: Rothschild is now in the Plunge Protection business. And they all have the ECB to thank for it: after years of not learning from the New York Fed-Citadel Joint Venture, which "never" steps in at precisely the right time (wink wink), they have opened the market for third party PPT incursions. It only seems fitting that the bank that started it all, would step in and fill the void. Because after all if SocGen falls, Rothschild will sooner or later follow. That said, the official explanation is worth its weight in laughter: "The idea is not to keep the stock price high, but rather to keep it steady" a representative for Societe Generale said. After hearing such... brilliance... what really is there to say?

From the WSJ:

Societe Generale shares were hammered Aug. 10 amid unfounded rumors about its financial position after a British tabloid published an article alleging that the bank was in a "perilous" state. Its shares have lost 44% over the past month; at one point on Aug. 10 its stock was down more than 20%. The bank has called the rumors ludicrous and has underscored its strong financial position.

Analysts said that liquidity contracts in France are relatively common. Twenty-one of the CAC-40 companies have liquidity contracts with various financial institutions to prevent excessive volatility in their stock price. Rothschild has seven such contracts with CAC-
40 companies, including with GDF Suez.

Companies in France are allowed to buy and sell their own shares to prevent swings in prices, although the activity is regulated by French market regulator Autorite des Marches Financiers. According to a Paris-based analyst, Societe Generale until 2009 had a liquidity contract with one of its subsidiaries.

Analysts said the arrangement with Rothschild won't necessarily insulate the stock against big moves.

Well, unless Rothschild somehow found a way to avoid "the inevitable" from occurring, we would say we agree with that assessment 100%. But first, blogs which "plant" stories are sure to take the blame. That, or Dubya. After that, we go bidless.

Comments

[iraskin]

BTW, this is true that there's a reason why Rockefeller's and Rothschild's wealth is not on Forbes, because Forbes is for new money. Nevertheless, it is a blessing when Jews run the financials system, that everyone should be thankful for. They bring light, drive growth and innovation. That's been in all civilizations, Egypt, Rome, and French, German, and English Queen still shields them. After all who invented the treasury? Rothschilds. Who sponsors Obama? Lets just be honest.

[dcb]

So many of you are so f'ing stupid. OK, jews got into finance and the start of modern banking because when iot started in Italy they lived in ghettos, weren't allowed to own land, etc. the changing of money was considered dirty, so left to the jews. I believe if you see a history of money they explain this. Just like the untouchables are left in india to do disgusting chores, that was the thought of the christians. the jews were already dirty so they could handle the money.

[Quadlet]

From HR1, Full-Year Continuing Appropriations Act, 2011

Sec. 8073. Of the amounts appropriated in this Act under the headings ‘Procurement, Defense-Wide’ and ‘Research, Development, Test and Evaluation, Defense-Wide’, $415,115,000 shall be for the Israeli Cooperative Programs: Provided, That of this amount, $205,000,000 shall be for the Secretary of Defense to provide to the Government of Israel for the procurement of the Iron Dome defense system to counter short-range rocket threats, $84,722,000 shall be for the Short Range Ballistic Missile Defense (SRBMD) program, including cruise missile defense research and development under the SRBMD program, $58,966,000 shall be available for an upper-tier component to the Israeli Missile Defense Architecture, and $66,427,000 shall be for the Arrow System Improvement Program including development of a long range, ground and airborne, detection suite, of which $12,000,000 shall be for producing Arrow missile components in the United States and Arrow missile components in Israel to meet Israel’s defense requirements, consistent with each nation’s laws, regulations and procedures: Provided further, That funds made available under this provision for production of missiles and missile components may be transferred to appropriations available for the procurement of weapons and equipment, to be merged with and to be available for the same time period and the same purposes as the appropriation to which transferred: Provided further, That the transfer authority provided under this provision is in addition to any other transfer authority contained in this Act.

[Remington IV]

white people are so lazy