ams5995
02-01-2008, 07:34 PM
This is grassroots because it shows why we need monetary reform and how bankers are very, very powerful. It also shows who is pulling the strings. Presidential candidate Ron Paul says he traces America's problems to the flawed monetary policy of the wealthy and secretive elite. This may be a stretch, but I started googling Rothschilds in the news ever since I saw Money Masters every day, and today, I found something very very interesting. In this article here. (http://digg.com/business_finance/Rothschild_advises_Societe_Generale_to_avoid_hosti le_takeove) I know the Rothschild's business is advising companys on mergers and acquisitions, so it may not be that dramatic of a story. But since it involves the biggest banks in France I figured I would share and see what everyone thinks.
Seems to me like the Rothschilds will learn the whole story on Societe Generale as they advise them on how to avoid a hostile takeover or even bankruptcy. The knowledge these people must have in financial affairs is astounding. Everyone remembers Martin Luther King day when the stock markets around the globe crashed 5-8% on Ambac Financial's downgrade and Societe Generale's rogue trader that could have bankrupted the company.
Turns out some believe (the lawyer for Kerviel aka the rogue trader) could be a scapegoat for how bad the housing crisis hit Societe Generale. Just blame a trader for fraud for us losing 7 billion euros on mal investments.
"The lawyer for Jérôme Kerviel, the trader accused of betting $73.5-billion (U.S.) of Société Générale SA's money and causing more than $7-billion in losses, says the accusations against his client are being used to hide bad investments by the French bank related to subprime mortgages in the United States." LINK (http://www.theglobeandmail.com/servlet/story/LAC.20080128.RKERVIEL28/TPStory/Business)
Bloomberg ties the Federal Reserve's recent 75 basis point rate cut in WITH the rogue trader. LINK (http://www.bloomberg.com/apps/news?pid=20601039&sid=azmuVahvVQOk&refer=home)
"Once the timeline of events became public, there was an uneasy sense that the Fed had been hoodwinked, at least in terms of the timing of its move."
In conclusion, I for one will be very interested to learn what happens to Societe Generale, the trader, and BNP Paribas who could possibly take them over. Is anyone familiar with BNP Paribas? "SocGen has said it is strong enough to stay independent, but analysts say that aside from its domestic rivals, foreign banks including UniCredit, Santander, BBVA and HSBC are among potential bidders."
LINK (http://timesofindia.indiatimes.com/Business/India_Business/BNP_Paribas_Credit_Agricole_eye_SocGen/articleshow/2749863.cms) I am also curious as to the motivation of the Rothschilds to defend a company like SocGen. Anyone?
Seems to me like the Rothschilds will learn the whole story on Societe Generale as they advise them on how to avoid a hostile takeover or even bankruptcy. The knowledge these people must have in financial affairs is astounding. Everyone remembers Martin Luther King day when the stock markets around the globe crashed 5-8% on Ambac Financial's downgrade and Societe Generale's rogue trader that could have bankrupted the company.
Turns out some believe (the lawyer for Kerviel aka the rogue trader) could be a scapegoat for how bad the housing crisis hit Societe Generale. Just blame a trader for fraud for us losing 7 billion euros on mal investments.
"The lawyer for Jérôme Kerviel, the trader accused of betting $73.5-billion (U.S.) of Société Générale SA's money and causing more than $7-billion in losses, says the accusations against his client are being used to hide bad investments by the French bank related to subprime mortgages in the United States." LINK (http://www.theglobeandmail.com/servlet/story/LAC.20080128.RKERVIEL28/TPStory/Business)
Bloomberg ties the Federal Reserve's recent 75 basis point rate cut in WITH the rogue trader. LINK (http://www.bloomberg.com/apps/news?pid=20601039&sid=azmuVahvVQOk&refer=home)
"Once the timeline of events became public, there was an uneasy sense that the Fed had been hoodwinked, at least in terms of the timing of its move."
In conclusion, I for one will be very interested to learn what happens to Societe Generale, the trader, and BNP Paribas who could possibly take them over. Is anyone familiar with BNP Paribas? "SocGen has said it is strong enough to stay independent, but analysts say that aside from its domestic rivals, foreign banks including UniCredit, Santander, BBVA and HSBC are among potential bidders."
LINK (http://timesofindia.indiatimes.com/Business/India_Business/BNP_Paribas_Credit_Agricole_eye_SocGen/articleshow/2749863.cms) I am also curious as to the motivation of the Rothschilds to defend a company like SocGen. Anyone?