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Archive for 30. März 2016

The Putins of the EU

Posted by hkarner - 30. März 2016

Photo of Nina L. Khrushcheva

Nina L. Khrushcheva

Nina L. Khrushcheva, the author of Imagining Nabokov: Russia Between Art and Politics and The Lost Khrushchev: A Journey into the Gulag of the Russian Mind, is Professor of International Affairs and Associate Dean for Academic Affairs at The New School and a senior fellow at the World Policy Institute.

MAR 28, 2016, Project Syndicate

MOSCOW – One of the saddest ironies of this year’s commemoration of the 25th anniversary of the collapse of the Soviet Union is that Hungary and Poland, always the most restless of the Soviet empire’s captured nations, are now led by men mimicking Russian President Vladimir Putin’s governing style. They, too, are hollowing out independent democratic institutions and suppressing citizens’ fundamental freedoms. As the old saying goes, we become what we hate.

After the fall of communism, Poland and Hungary declared that they were Eastern European countries no more. Instead, they were part of Central Europe – Europa Srodkowa, the Poles called it – or even of Western Europe, on par with Austria. Today, however, they are embracing Putin-style authoritarianism, to the point that the European Union may impose sanctions against them. Such reprimands are fully deserved. Den Rest des Beitrags lesen »

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Goldman Sachs and Bear Stearns: A Financial-Crisis Mystery Is Solved

Posted by hkarner - 30. März 2016

Date: 29-03-2016
Source: The Wall Street Journal

Source of CNBC report revealed in commission report

Kyle Bass is sworn in before testifying at a Financial Crisis Inquiry Commission hearing in January 2010.

It has been called the bombshell that blew up Bear Stearns.

It happened on Wednesday, March 12, 2008, shortly after 9 a.m. in an interview broadcast on CNBC. There, reporter David Faber asked Bear Stearns chief Alan Schwartz to respond to reports that Goldman Sachs wouldn’t “accept the counterparty risk of Bear Stearns.”

Mr. Schwartz said the firm’s counterparties still were trading with Bear Stearns. Hours later, CNBC reported that Goldman was indeed still doing trades with Bear Stearns. Den Rest des Beitrags lesen »

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