Sunday, March 31, 2013

My Wall Street Education


Bill Moyers and Gretchen Morgenson June 22, 2007









A  PBS program with Ira Glass and Michelle Norris





For a startling update see  Boomerang  a book  by Michael Lewis 

Thursday, March 28, 2013

Cyprus Averts Panic Withdrawals as Banks Open With Cash Controls

from bloomberg




By Tom Stoukas, Maria Petrakis and Marcus Bensasson on March 28, 2013
 
Cyprus averted panic withdrawals as banks opened for the first time in almost two weeks, with government controls on access to cash leading to orderly lines rather than runs on deposits.
“We expected much more people,” said Argyros Eraclides, manager of a Bank of Cyprus Plc branch in the Stavrou area of Nicosia. “Fortunately there are only some people who needed cash for the day, but customers reacted fantastically. We expected some people to be more aggravated.”
Banks opened at midday local time today, with lines of about 15 to 20 people waiting to enter branches in the Cypriot capital, and closed at 6 p.m. The Central Bank of Cyprus’s controls include a 300-euro ($383) daily limit on withdrawals and restrictions on transfers to accounts outside the country.
Cyprus’s lenders had been shut since March 16, when the European Union presented a proposal to force losses on all depositors in exchange for a 10 billion-euro bailout. That plan touched off protests and political upheaval on the island, and was rejected by the country’s parliament. A subsequent agreement closed down Cyprus Popular Bank Pcl (CPB), the second-largest lender, and imposed larger losses on uninsured depositors.
The controls will be in force for seven days, according to a statement from the Finance Ministry. The European Commission said in a statement today the control on capital movements must remain “proportionate” and be lifted as soon as possible.

President’s Thanks

President Nicos Anastasiades thanked Cypriots for maintaining calm as banks opened, with many savers heeding the government’s call not to rush to banks and seeking to avoid potential chaos. His cabinet today approved a 25 percent reduction in his salary and a 20 percent pay cut for themselves.
“The maturity and responsibility our people have shown today in their interactions with banks relays to all a clear message of optimism and certainty for the future,” Anastasiades said in an e-mailed statement from his office in Nicosia. “With the stance our people have shown that not only do we want but we can bring our country out of this difficult position.”
Security guards at banks in Nicosia were allowing about eight or nine customers in branches at any one time today, with lines forming after an initial push at the doors to get in. Many were older customers without cash-machine cards, while others were waiting to pay bills or deposit checks.

Needing Cash

“I only bought a few small items during these days to survive,” said pensioner Kyriakos Hadjisophocleos, 65, who was waiting in front of a Bank of Cyprus branch in Nicosia from 7:30 a.m. to get money to pay part of his 380-euro rent. “I had many coins saved up so I was using them. If the banks didn’t open today I would have had to borrow from some friends.”
At a branch of Russian Commercial Bank Ltd., owned by VTB Bank OJSC (VTBR), there were no queues. About 10 guards surrounded the branch. One said nobody was allowed into the bank without an appointment. Yuri Soloviev, VTB’s first deputy president, said today that while some clients may take money from their Cyprus accounts, it won’t hurt the bank’s balance sheet.
Stocks and the euro rose, with the single currency climbing 0.5 percent to $1.2841 as of 5:51 p.m. in Athens. Bonds gained in Spain, with the 10-year yield falling three basis points, or 0.03 percentage points, to 5.05 percent.

Controlling Money

The Cyprus Parliament last week gave wide-ranging powers to the central bank governor, Panicos Demetriades, and Finance Minister Michael Sarris, who spent the last days deciding which measures to implement.
They chosen include bans on terminating time deposits and cashing checks. Customers can transfer abroad at most 5,000 euros per month from a given financial institution. Euro banknotes were supplied to Cyprus as a precaution, a spokesman for the Bundesbank in Frankfurt said today.
“People have organized their budget for the week through the ATM machines and the radio has been calling on people not to run to the banks today,” Maria Kyriacou, a Cypriot ruling-party lawmaker, told Bloomberg Television.
Cypriot banks lost 1 billion euros in deposits in February amid rising uncertainty over the country’s ability to secure a bailout, European Central Bank data showed today.

Wednesday, March 27, 2013

Have the Banksters finally gone too far?

from canadafreepress.com



Banksters and politicians in America (and elsewhere) are looking at Cyprus and the Eurozone and licking their chops in anticipation


Author
- Dr. Bill Chitwood (Bio and Archives)  Tuesday, March 26, 2013 

Isn’t the reason you put your money in a bank to keep it safe?
That’s what I was always told, at any rate.  Banks have those big vault-thingys with massive thick steel doors and bars and locks, so they’re much safer than a sock filled with cash stuffed into the mattress, right?In Europe these days…apparently not.
First there was the flap in Cyprus, where savings accounts were raided (let’s not mince words here—call it what you will, the accounts were frozen and then raided, just as certainly as if a gun had been held to their owner’s heads), and now this article from the Telegraph of London, which reports that the eurozone has plans to do the same thing elsewhere, at need.
Jeroen Dijsselbloem, Dutch chairman of the Eurozone recently told the Financial Times and Reuters that the theft from Cyprian depositors was going to serve as the template for dealing with future banking crisis in the future.


According to Mr. Dijsselbloem, when a bank is at risk, first they’ll ask the bank “What can you do to recapitalize yourself?”  Then, if the bank has no answer “we’ll talk to the shareholders and the bondholders” to “ask them to contribute in recapitalizing the bank”.  Translation:  we’ll hold a gun to their heads until they cough up the cash.  What’s more, if “we”—meaning, ofcourse, the Eurozone Banksters doing the gun-holding—don’t get what they want from shareholders and bondholders, “the uninsured depositholders” will be fleeced to make up the difference.

Well, at least the depositors are at the end of his list, and it’ll only be done “if necessary”.  Don’t you feel better now?
Naturally, the reaction to this statement was immediate.  Barclays warned that “the decision to bail in senior bank debt and large depositors will likely have a price impact of equity and credit instruments of those euro area banks that are perceived as the weakest”.  Translating from Bankster-speak:  ‘any bank that we think is squiffy is going to pay through the nose for any money we pump into it’.  Anyone who doesn’t think these costs won’t be passed along to the bank’s customers can just stop reading now, and go back to watching Honey Boo Boo reruns.

I can’t help but wonder if any of these people have stopped to think about the effect that Cyprus, and now this announcement, will have on people whose accounts haven’t been raided yet?  Just where is my incentive to put my money in a bank—especially in these times of miniscule interest rates on savings—when the bank can shut down andmy account be ‘taxed’ right off the top without any warning, and at the whim of the Banksters?  When the people running the bank can rob accounts at will, where’s mysecurity?

Even worse, there is absolutely no doubt in my mind that both Banksters and politicians here in America (and elsewhere) are looking at Cyprus and the Eurozone and licking their chops in anticipation of all that lovely depositor money, just lying there waiting to be taken.  There have been hints and rumors of plans to take over 401k accounts to subsidize Social Security—wouldn’t this amount to what just happened in Cyprus, only on a grander scale?  And, what happens the next time Bank of America gets in a bind?  Will they take 5% of your savings?  10%?  50%?  What’s to keep them from taking ALL of it?

Of course, it’s already been suggested that some bright young Republican in the Senate or House introduce a bill to prevent such a thing from happening here, and then dare the Democrats to oppose it.  We can only hope that such a bill is already being written, and that we’ll be seeing in in the very near future, being lambasted on MSNBC and Bloomberg because all those greedy Republicans just want to keep their own money from being redistributed for the Greater Good.
As for me, the sock fund or that old Mason jar buried in the back yard is looking better and better all the time.  At least I’ll always be able to access them when they shut down the ATMs.


Dr. Bill Chitwood is a retired Child Psychiatrist who now writes and consults for media productions.  An invenerate policy wonk, his latest project is Hype and Fail, both on Facebook and web.  He can be reached at drbill@hypeandfail.com.

Monday, March 25, 2013

FROM DETROIT TO CYPRUS, BANKSTERS IN SEARCH OF PREY

from voiceofdetroit.net


“Detroit and the people of Cyprus share the same enemy. The Lords of Capital, who are preparing to snatch chunks of cash straight out of ordinary people’s accounts in Cyprus, to pay for a bank bailout, are the same class that has “devalued the franchise of the 49 percent of Michigan’s Black population that live in municipalities and school districts under the thumb of outside financial managers.”
Glen Fordby BAR executive editor Glen Ford
From Nicosia, Cyprus, to Detroit, Michigan, the global financial octopus is squeezing the life out of society, stripping away public and individual assets in a vain attempt to fend off its own, inevitable collapse. The bankers’ “troika” that effectively rules Europe prepares to reach into the individual accounts of ordinary depositors on the island nation of Cyprus to fund the bailout of their local banking brethren. Across the Atlantic, a corporate henchman makes arrangements to seize the assets and abolish the political rights of a Black metropolis. The local colorations may vary, but the crisis is the same: massed capital is devouring its social and natural environment.
Either we liquidate the banksters, or Wall Street will liquidate us.
Hands off CyprusThe proposed seizure of a big chunk of every ordinary Cypriot depositors’ accounts, in the guise of a one-time “tax,” was shocking even by the standards of the Euro Zone’s overlords: the International Monetary Fund, European Central Bank and European Commission. The original diktat to finance new lines of credit for Cyprus’s over-extended banks called for snatching 6.75 percent of the cash of customers with balances below 100,000 euros ($129,500), and 9.9 percent above that threshold.
When the public went berserk, it was proposed that depositors with 20,000 euros or less be spared – but Cypriot lawmakers balked. The banks are now closed, to prevent people from withdrawing their money. But Europe’s ruling triumvirate at the bankers’ lair in Brussels continues to demand that the public-at-large pay to keep the global criminal financial enterprise humming, or be starved out. “In the absence of this measure, Cyprus would have faced scenarios that would have left deposit-holders significantly worse off,”they said – disaster banksterism.
Orr’s firm’s clients have plenty of experience at liquidating in Detroit.”
Detroiters blockade freeway traffice to protest EM.
Detroiters blockade freeway traffice to protest EM.
A rapscallion Black lawyer for the notorious corporate law firm Jones Day delivered the bankers’ ultimatum to Detroit. Emergency financial manager Kevyn Orr, anointed by Michigan’s Republican governor, is a bankruptcy specialist whose mission is to liquidate the assets of the 82 percent Black city, especially the revenue-producing Water and Sewerage Department.
Orr’s firm’s clients – which, according to their website, include “more than half of the Fortune 500 companies” – have plenty of experience at liquidating in Detroit. Butch Hollowell, general counsel for the local NAACP, says Wells Fargo has “done more foreclosures in Detroit and the state of Michigan than any other firm,” and is Detroit’s number one property tax scofflaw. Jones Day also represents Bank of America, JP Morgan Chase and CitiGroup.
Kevyn Orr of Jones Day. The firm  has been tapped to be Detroit's re-structuring counsel, although it represemts the majority of the banks holding Detroit's debt
Kevyn Orr of Jones Day. The firm has been tapped to be Detroit’s re-structuring counsel, although it represemts the majority of the banks holding Detroit’s debt
“These are firms that not only got billions in TARP bailouts, but they’re also the same ones that defrauded people into signing these predatory leases which cause the crash of the housing market,” said Hollowell. “Detroit has been hit harder than anyplace in the country on that score” – hugely aggravating the city’s money problems. Financial manager Kevyn Orr’s job is to extract more booty from Detroit for the bankers’ vaults.
To facilitate the theft of the city’s property, its citizens must first be stripped of their political and civil rights, through the neutering of their elected officials. Orr looks forward to the project. “While I understand there’s a lot of concern and emotion behind the concept that I’m depriving people of certain rights,” he said, “actually it’s very consistent with both the history of this country and specifically in this state.” What he’s about to do “is democracy in action.”
Financial manager Kevyn Orr’s job is to extract more booty from Detroit for the bankers’ vaults.”
MLK Day March in Detroit, 2011
MLK Day March in Detroit, 2011
This corporate concept of democracy has already devalued the franchise of the 49 percent of Michigan’s Black population that live in municipalities and school districts under the thumb of outside financial managers, a violation of both the Voting Rights Act and the one man-one vote rule embodied in the 14thAmendment, says the NAACP’s Hollowell.
Black Baptist pastors and the AFSCME and UAW unions will join the NAACP’s planned legal action against the “hostile takeover” of Detroit – which is fine, as a civil rights response. But this is a much bigger battle.
Detroit and the people of Cyprus share the same enemy, a class that is beyond the reach of simple civil rights suits. The Lords of Capital on Wall Street and the City of London and the Federal Reserve in Washington and in the “troika” at Brussels confront their own existential crisis, which compels them to liquidate the public sector so that it can eventually be transferred to their own balance sheets.
the-end-of-capitalismThere are many ways to accomplish this, through privatization of existing public institutions, or by simply blowing a hole in public services and allowing privateers to fill the void, subsidized by public funds. However, nothing can save the banksters from inevitable, and increasingly imminent, collapse. Ever-increasing profit margins must be achieved, somehow, or the system implodes. Hundreds of trillions of notional dollars in derivatives must be serviced and fed by a class that makes nothing and can only survive by chicanery and coercion by governments under their control.
In Cyprus, they are prepared to brazenly snatch euros directly from working and retired people’s accounts to fund a bank bailout, without even bothering to construct a convoluted pathway from the victims’ accounts to their own. They have reached the point of outright confiscation, and will not stop until they have stripped society of the potential to save itself from the ruins.
We have no choice but to confiscate them – to destroy them utterly as a class.
BAR executive editor Glen Ford can be contacted atGlen.Ford@BlackAgendaReport.com .

Florida Foreclosure legislation invites bank fraud

from mynewsdesk.com




Mar 25, 2013 05:50 EDT
Florida Foreclosure legislation invites bank fraud
The following Miami Herald Op-Ed was written by Roy Oppenheim and is being republished in the South Florida Law Blog.
Florida proposed legislation - HB 87 and SB 1666 - which backers claim will clear the backlog of foreclosure cases in Florida instead invites bank fraud and creates more problems by putting speed ahead of justice.
The backlog is blamed on foot dragging by homeowners. In reality, banks are to blame due to federal directives to pursue loss mitigation alternatives or by voluntarily slowing down the process to explore settlement options in the interests of both parties and the market.
However long it takes to conclude a foreclosure in Florida, given the magnitude of bank fraud, forgery and abuses that the banks admitted to, we should exempt this category of civil court cases from “time to complete” requirements.
Public policy decisions should not be based on unverified, incorrect and misleading information, particularly when that data is provided by the same industry that admitted wrongdoing.
The next problem behind any push for foreclosure reform is that the market is improving. Florida home prices have rebounded, due in part to the fact that banks and homeowners are managing the backlog of foreclosures.
Short sales and negotiated resolutions which yield higher returns than faster foreclosures would disappear under the proposed legislation.
Only institutional buyers will win. When they buy in bulk, they exclude Realtors who profit from short sales and other end user transactions. Instead of supporting this legislation, Florida’s Realtors should take California’s lead and oppose attempts to speed up foreclosures.
Foreclosure legislation proponents have convinced homeowner associations to support their bills by arguing that it will help them. It’s true that the so-called, “show cause” provisions in both bills would allow any lien holder to show cause as to why a final judgment of foreclosure should not be entered. But if the plaintiff chose not to file any of the evidence needed to obtain a foreclosure judgment, a court could not enter a judgment.
Since 2012, the market for third-party investors to purchase association liens atforeclosure auctions has been robust. Investors pay the $4,000 to $20,000 in HOA liens, take title to the property and rent it out before a foreclosure. This market will disappear and associations will be stuck with large inventories of unpaid lien cases.
It is undisputed that those responsible for the foreclosure crisis are the financial institutions that filed these cases. These settlements should lead to more protections, not lowered standards. The full magnitude of bank wrongdoing has not been fully revealed, and even more will be swept under the rug.

When Banksters Don’t Like the Law, Their Hired Hands in the Legislature Change It

from economonitor.com




 In an excellent piece, Lawyer Roy Oppenheim warns that the Florida Legislature is moving to legalize bank theft of homes. See his piece here
As I’ve been writing for years, foreclosure is theft in most cases. You see, in their hurry to package mortgages into securities, the banksters virtually never followed the law. I won’t go through the details here again, but they were supposed to follow property law that requires documentation of property sales and as well documents sales of mortgages. Apparently they never did that. Most of the documents were destroyed–a business practice recommended by the banksters’ Frankenstein monster, MERS. Almost all property records in the USA are now suspect.
At first the homeowners and their lawyers as well as judges had no idea–the banks swiftly foreclosed–illegally taking homes away from rightful owners and selling them. As the information about bankster fraud came into the light, homeowners started fighting back, and in a few cases the judges started siding with them.
That threw a monkeywrench into the illegal foreclosures. It slowed things down, giving homeowners a chance to keep their homes. There was more pressure on banksters to try to find ways to work out some debt relief–as that was less costly than contentious foreclosures.
Banksters hate that, though. They want to steal the homes, cheaply and swiftly.
So what is a bankster going to do? Turn to the hired hands in the legislatures, of course. They bought the politicians, so now it is time to change the law after-the-fact. Legalize the fraudulent foreclosures.
This has always been the danger. We know that Washington will not investigate, let alone prosecute, bankster fraud. That meant the only chance for homeowners was to fight it out in the court system. But what if “elected” politicians change the law to retroactively legalize theft? Then there’s no remedy.
Here are excerpts from Oppenheim’s piece. It is must reading. And if you live in Florida (or anywhere else in America) you ought to be “mad as hell”.
Florida proposed legislation - HB 87 and SB 1666 - which backers claim will clear the backlog of foreclosure cases in Florida instead invites bank fraud and creates more problems by putting speed ahead of justice.
The backlog is blamed on foot dragging by homeowners. In reality, banks are to blame due to federal directives to pursue loss mitigation alternatives or by voluntarily slowing down the process to explore settlement options in the interests of both parties and the market.
However long it takes to conclude a foreclosure in Florida, given the magnitude of bank fraud, forgery and abuses that the banks admitted to, we should exempt this category of civil court cases from “time to complete” requirements.
Public policy decisions should not be based on unverified, incorrect and misleading information, particularly when that data is provided by the same industry that admitted wrongdoing.
The next problem behind any push for foreclosure reform is that the market is improving. Florida home prices have rebounded, due in part to the fact that banks and homeowners are managing the backlog of foreclosures.
Short sales and negotiated resolutions which yield higher returns than faster foreclosures would disappear under the proposed legislation.
Only institutional buyers will win. When they buy in bulk, they exclude Realtors who profit from short sales and other end user transactions. Instead of supporting this legislation, Florida’s Realtors should take California’s lead and oppose attempts to speed up foreclosures….
It is undisputed that those responsible for the foreclosure crisis are the financial institutions that filed these cases. These settlements should lead to more protections, not lowered standards. The full magnitude of bank wrongdoing has not been fully revealed, and even more will be swept under the rug.

Sunday, March 24, 2013

The "Roman Lawyers" are worse than the Banksters ...

from opednews


By  (about the author)     Permalink
March 24, 2013 at 14:12:20

In connection with our "Bankster Bailouts" situation in particular, and with the very recent developments in Cyprus in mind, it seems to me that our Chief Justice Susan Denham (Republic of Ireland) now has some VERY serious explaining to do: to "the people" of the Republic of Ireland that is; and, that the sooner she does so the better (in my opinion).::::::::
=========================================

The "Roman Lawyers" are worse than the Banksters ...
by W. Finnerty Sun Mar 24, 2013 16:26
An e-mail update (of sorts) sent yesterday to Chief Justice Susan Denham (and several of her legal profession colleagues) included the piece of text in the section just below:

========

"For example, today is the 'Spring Equinox Day' (on the 'top' half of the world), and there are some very clear, important, and powerful links between it and Cairn T, King Ollamh Fodhla, and Brehon Law: the very advanced and highly successful legal system which the people of Ireland appear to have (very happily) lived under for some 2,500 years or so (up to around the mid 1600s), and which was completely different in most respects to our present legal system of 'justice' (or 'injustice' as many see it)."

========

The full text of yesterday's e-mail to Chief Justice Susan Denham, which was titled -- "Balance and Justice: Equinox Day (March 21st 2013) Update for United Nations" -- can be viewed at:
http://www.humanrightsireland.com/ChiefJusticeSusanDenham/23March2013/Email.htm

To date, I have not received any reply of ANY kind whatsoever from Chief Justice Susan Denham to the registered letter I sent to her on March 4th 2013. A scanned copy of the registered letter in question, together with scanned copies of the associated Post Office receipts and delivery-note can be viewed at:
http://www.humanrightsireland.com/ChiefJusticeSusanDenham/4March2013/Email.htm

All things considered, and allowing for my efforts to keep her regularly informed about government wrongdoing since she took on the job of Chief Justice of the Supreme Court of the Republic of Ireland, on July 25th 2011, I am very rapidly moving towards the firm conclusion that, in reality, Chief Justice Susan Denham is far, far more interested in supporting government crime than she is in using Bunreacht na hEireann (the Supreme Law of the Republic of Ireland) to protect "the people" of the Republic of Ireland from, for example, the growing set of outrageous criminal abuses and crimes that the banksters are imposing on us via our corrupt Government (Executive, Legislative, and Judicial), and our corrupt legal profession: who continue, with impunity, to refuse me legal representation for ANY of the several extremely serious criminal legal issues I have raised since 1998, such as -- for example -- the unconstitutional legislation connected with Waste Management Amendment Act 2001 referred to in my "An Bord Pleanala Appeal" (Republic of Ireland Government Planning Authority) dated February 21st 2004 referred to at:
http://www.finnachta.com/BordPleanalaAppeal.htm

To the best of my knowledge, blatant, barefaced, and obvious unconstitutional legislation of the kind outlined in my February 21st 2004 "An Bord Pleanala Appeal" at the www address immediately above, is not just criminally unlawful, but criminally unlawful in a way that is treasonously criminal for all of those people primarily responsible for producing and sustaining such legislation. With a grossly corrupt legal profession such as ours, it is little wonder the Banksters can do whatever they like in the line of looting and bullying "the people" of the Republic of Ireland: and do so with total impunity.

Our present, and relatively recent, "Roman Law" System of Justice may be okay on paper, but in practice it is being corruptly operated for the past several years (in the Republic of Ireland) to support and uphold extremely serious Government (Executive, Legislative, and Judicial) and Bankster crime in a growing range of ways that is proving more and more disastrous by the day for "the people" of the Republic of Ireland, and which "the people" of the Republic of Ireland are at present completely powerless to stop: because our corrupt legal profession continues to refuse to provide legal representation for members of the public (such as myself) who wish to lawfully challenge any one (or more) of the major parts of the despicable array of government crime in question.

Similarly for "the people" of several other nations who rely for their protection on the very heavily flawed Roman Law System of "Justice" (so called); and, its EXTREMELY "lite" (i.e. non-existent) set of criminally corrupt attitudes and actions (and inactions) for stopping government crime.

The shocking reality seem to be this: the "Roman Lawyers", and the Banksters, have sneakily and secretly joined forces in many parts of the world in order to rob and exploit "the living bejaysus" out of "the people"; and, of the pair, I now see the "Roman Lawyers" as being by far the worst and most threatening of the two: and consequently the group which now is most in need of being vigorously challenged in public by "the people" of the world.

Roman Law, and the way it has usually been operated throughout human history so far, seems to me to be far better suited for running "Master/slave type Empires" run by arrogant, corruption-ridden despots and psychopaths of various kinds, that it is for running democratic republics like the Republic of Ireland: which has the powerfully democratic text of Article 6.1 of Bunreacht na hEireann at the very heart of its SUPREME LAW:

Article 6.1 of the Constitution of the Republic of Ireland:

"All powers of government, legislative, executive and judicial, derive, under God, from the people, whose right it is to designate the rulers of the State and, in final appeal, to decide all questions of national policy, according to the requirements of the common good."

Allowing for Article 6.1 (just above), why have our legal profession -- especially the members of the Judicial Branch of our Government, who are VERY CLEARLY REQUIRED BY LAW, under the terms of Article 34.5.1 of Bunreacht na hEireann, to "uphold the Constitution", not made it their business to make absolutely sure that "the people" of the Republic of Ireland are allowed to have the "final" say (using a national referendum) regarding the bailouts for the Banksters, and their hundreds, and many believe thousands of trillions of Euros/US Dollars of "derivatives" (and such like) of gambling debts: which the Banksters continue to significantly add to, by the week, in a still totally UNREGULATED way (as far as I know)?

So much for the IMF (International Monitory Fund), and their crime and corruption-ridden and supporting ECB (European Central Bank) and EU (European Union) "Troika" partners, who are supposedly "keeping an eye" on things? This exceptionally dangerous "Troika", backed up by an army of corruption-ridden "Roman Lawyers" acting from closely behind the scenes all over the world (including the Republic of Ireland), is "keeping an eye on things" all right, but not in the way it is slyly hoodwinking "the people" of the world into believing; and it is doing its socially-destructive hoodwinking with enormous amounts of help from the similarly corruption-ridden MSM (Main Stream Media): with our own RTE very high on the local list, if not right at the top of it.

For those who might not know, the 2,500 (or so) year old "Doctrine of the Tripartite Separation of Powers of Government", was NEVER intended to be operated in a manner which NEVER allowed any overlap between the day-to-day workings of the three main branches of our Government (Executive, Legislative, and Judicial). How could it?

In connection with our "Bankster Bailouts" situation in particular, and with the very recent money-grabbing developments by the "Troika" in Cyprus in mind, it seems to me that our Chief Justice Susan Denham now has some VERY serious explaining to do: to "the people" of the Republic of the Ireland that is; and, that the sooner she now does so the better (in my opinion). Who does our Government (Executive, Legislative, and Judicial) think it is? And from where where does it think (imagine or whatever?) it gets ANY lawful right to usurp the Article 6.1 right of "the people" to have the "final" say regarding major issues of "national policy" such as "bailing out the Banksters" to the tune of billions of Euros, with the possibility of trillions more such bailouts to follow (by the strictest DEMANDS of the unelected "Troika"!!): which, if the Banksters are given the criminally corrupt opportunity, working in very friendly and supportive partnership with our own corruption-ridden "Roman Lawyers", will have to be paid for using our untapped oil and gas resources possibly: and because we, as a Nation, have no other assets potentially large enough to pay such big sums.

Related Link:
Chief Justice Susan Denham, government corruption, crime, unconstitutional legislation, cover-ups, impunity, William Finnerty ...
http://tinyurl.com/czpvkgd

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The text in the section above is based on a comment dated March 24th 2013 at the followingIndymedia (Ireland) 
http://www.indymedia.ie/article/102060#comment295116