Jim,
"The bottom line of the comparison is that the trend is now forcing the US Treasury in on the internal US credit markets to finance the present needs for the 12.7 trillion bailouts as well as the shortfall on the US budget deficit." As you have said Jim, this is the one and major criteria of this entire disaster that cannot be bailed out.”
It is important to put into historical context the rate of deterioration in the following trends:
TIC relative Trade & Budget Deficits:
http://www.facebook.com/photo.php?pid=1492806&l=45c3fa682c&id=557304509
TIC relative Trade Deficit:
http://www.facebook.com/photo.php?pid=1492805&l=f7afaa915e&id=557304509
TIC relative Budget Deficit:
http://www.facebook.com/photo.php?pid=1492804&l=e8e64b417e&id=557304509
Regards,
CIGA Eric
Dear Jim,
I think the Irish police are onto something! Good on them. This is how our police have to start to handle things.
Best,
CIGA BT
Dear BT,
The higher probability is that this will set the groundwork for demotion, defrocking and pension cancellations along with reputational smear of a noted police officer. Nice idea, but impractical when he is calling for the breaking of a limb of the tree that runs the world.
Jim
Gardai want bankers prosecuted
Finance elite must be held accountable for ‘fraud and greed’
By Tom Brady Security Editor
Tuesday April 07 2009
THE man who leads middle-ranking gardai last night called for prosecutions against the banking elite.
The Association of Garda Sergeants and Inspectors (AGSI) believes some banking behaviour in the past few years amounted to fraud, and brought the country "almost to its knees".
And if there legal loopholes in the current legislation, the law should be overhauled, they say.
The charge was led last night by AGSI president Paschal Feeney, who said there was an apparent weakness in dealing with white collar crime.
He told his association’s annual conference in Athlone that he wanted the Government to take all possible steps to hold those responsible for the demolition of the country’s financial reputation to account.