http://www.cl.cam.ac.uk/techreports/UCAM-CL-TR-754.pdf This might be relevant.
Lonnie Courtney Clay On Saturday, April 6, 2013 9:32:08 AM UTC-7, nominal9 wrote: > > There, you see?.... Someone (like you and people like you, Archytas), > should come up with a "primer" of money laundering, tax evasion, ponzi, > check or other sorts of kiting, etc. money scams and schemes explained for > the relatively naive. I mean, it wouldn't necessarily have to be an > altruistic venture on the authors' parts.... I'm [personally "bullet"] > certain that there would definitely be a market of "buyers" for such a > pamphlet or tome, as the case may be.....Then consider that others > (authors) would want to get into that "market" competition by adding other > "scam" explanations or variations..... sequels.... It might get to be like > a contest between providers of "anti-scam" "printware"....And of course, > consider that once the "known" "bad actors" in each scam are specifically > identified... (Cayman Islands... Swiss banks.... U.S. real estate > transactions.....etc.) then there would be growing general (public pushing > government) pressure to shut those bad actors down...... > How about it?.... Can I gin up any interest in starting out with.... "An > Idiot's Guide To Bankster and Financial Fraudulent Money Scams... and how > they steal your money"..... or something like that? > > On Wednesday, April 3, 2013 5:20:17 PM UTC-4, archytas wrote: >> >> That's about the half of it Nom. We might know more about how Cyprus >> was looted by the end of next week and who is really paying. I >> predict the hot money will turn out to have gone in the months before, >> the take over of Cyprus banks in Greece (done in all haste preventing >> due diligence before the crash and leaving bad Greek debt in Cyprus) >> may prove to have been an unload of RHD by foreign banks. British >> banks have unloaded half their exposure to Greece in the last three >> years - raising questions about who bought the magic beans and at what >> price (if they had to sell low - I guess hey must as you and I would >> have been smart enough not to buy the RHD - then where are the write- >> offs) and whether any investment packages they were in were sold >> honestly. I'm inclined to think Cyprus is no accident and the >> banksters may be able to manipulate such crashes. Whilst w wouldn't >> buy the magic beans from each other (scared of giants as we are), I >> suspect the deal runs more like this: >> >> Neil: Nom - I have an offer you can't refuse. >> Nom. Screw you limey. >> Neil. Peace brother, we'll both make a killing. Switch to the >> scambler (no typo) phone. Buy as much eu periphery rocking horse shit >> as you can find. You should get it at 10 cents on the dollar. I'll >> give you 80 for it all. >> Nom. Good deal for me, what's your cut? >> Neil. We'll go 50:50 on the net after we pay off Pedro. >> Nom. What's Pedro got to do with this? >> Neil. He runs the Spanish bank buying the rocking horse shit. When >> Spain goes down the toilet holding all the losses he'll throw in the >> incompetence joker while we sort him with a new identity and a sack of >> cash to soothe his conscience over the small matter of bankrupting his >> fellow countrymen. >> Nom. I love these crimes where no one gets hurt. How much will the EU >> and depositor bail in be on this one? >> Neil. $250 billion. We'll go short on Spain. Italy, Luxembourg and >> the Netherlands to pick up on the death-throes of the EU >> >> The actual fraud network will be a bit more complex and our secret >> services will be involved. Do you know where Dr. No's island is? >> >> On Mar 27, 5:28 pm, nominal9 <[email protected]> wrote: >> > http://www.bbc.co.uk/news/business-21948429 >> > >> > Major UK banks must raise a total of £25bn in extra capital by the end >> of >> > 2013 to guard against potential losses, the Bank of England (BoE) has >> said. >> > >> > In a statement< >> http://www.bankofengland.co.uk/publications/Pages/news/2013/013.aspx>, >> > the BoE's Financial Policy Committee (FPC) said only some banks need to >> > raise the cash, but did not name them. >> > >> > It said banks could face losses of about £50bn over the next three >> years, >> > relating to bad loans and fines. >> > >> > The order is the first from the FPC, the new financial stability >> regulator. >> > >> > It said UK banks and building societies could lose billions of pounds >> over >> > the next three years relating to "high-risk" loans in the UK commercial >> > property sector and vulnerable eurozone economies. >> > >> > They may also lose money through fines, and require extra capital to >> > support a "more prudent approach to risk". >> > >> > Some banks already have enough capital to cover these costs, the FPC >> said, >> > but others are short. >> > >> > Yet more money may need to be raised after the end of 2013, the FPC >> warned, >> > so that banks conform to incoming "Basel III" accords on banking >> regulation. >> > Shares mixed >> > >> > No new government money will be required. Banks are likely to raise the >> > funds by issuing more bonds or selling shares. >> > >> > But BBC business editor Robert Peston says in the short term the need >> to >> > raise cash will be bad news for investors, including taxpayers who >> still >> > own big stakes in two banks - Royal Bank of Scotland and Lloyds. >> > >> > If these banks are among those that need to raise more capital, it may >> > delay plans to sell the stakes back to private investors. >> > >> > In a statement RBS insisted it had "a strong capital position". >> > >> > "We will continue to work with our regulators to ensure RBS remains at >> the >> > forefront of international capital standards," it said. >> > >> > However, by midday RBS shares were down 3%. >> > >> > Other bank shares reflected a mixed response to the FPC's announcement. >> > Shares in Lloyds were up more than 1.6%, while HSBC and Barclays were >> both >> > down by about 0.5%. >> > >> > The British Bankers' Association, the banking trade body, described the >> > FPC's report as "the latest step in an ongoing discussion between the >> UK's >> > banks and their regulators" about the levels of capital they should be >> > holding. >> > >> > It said raising capital levels needed to be done in such a way as to >> > support growth. >> > Sustaining lending >> > >> > The FPC said capital raising measures were also designed to ensure that >> > banks were able to continue lending to businesses and each other, >> should >> > another banking crisis hit. >> > >> > The extra capital was needed "to ensure sufficient capacity to absorb >> > losses and sustain lending", the FPC said. >> > >> > The FPC has overall responsibility for financial regulation in the UK >> and >> > is part of a new order of regulation designed to keep the banks under >> > closer scrutiny. >> > >> > It will oversee two new financial watchdogs: the Prudential Regulation >> > Authority (PRA), which will take over responsibility for supervising >> the >> > safety and soundness of individual financial firms, and the Financial >> > Conduct Authority (FCA), which will be tasked with protecting consumers >> and >> > making sure that workers in the financial services sector comply with >> rules. >> > >> > The new watchdogs will replace the Financial Services Authority (FSA), >> > which is set to close next week. >> > >> > >> > >> > >> > >> > >> > >> > On Tuesday, March 26, 2013 11:18:57 AM UTC-4, nominal9 wrote: >> > >> > > Bail-Ins instead of Bail-Outs....there you go.... >> > >> > > somebody's finally thinking.... contrary logic.... >> > >> > > HAR HAR HAR HAR. >> > >> > > I like it.... >> > >> > > the U.S. should go back and "bail in" the Wall Street banks and >> trading >> > > firms..... >> > >> > >http://www.reuters.com/article/2013/03/26/eurozone-banks-bailouts-idU... >> >> > >> > > Cyprus rescue marks "game-changer" for Europe's banks >> > >> > > - >> > > - inShare >> > > - Share this >> > > - >> > > - Email >> > > - Print >> > >> > > Related News >> > >> > > - Global shares, euro checked by Cyprus bailout nerves< >> http://www.reuters.com/article/2013/03/26/us-markets-global-idUSBRE88...> >> >> > > 9:17am EDT >> > > - WRAPUP 10-Cyprus leader hails bailout, but banks stay closed< >> http://www.reuters.com/article/2013/03/25/eurozone-cyprus-idUSL5N0CH0...> >> >> > > Mon, Mar 25 2013 >> > > - Shares, euro retreat as Cyprus deal stirs unease< >> http://www.reuters.com/article/2013/03/25/us-markets-global-idUSBRE88...> >> >> > > Mon, Mar 25 2013 >> > > - Analysis: Cyprus rescue raises new questions about euro's >> long-term >> > > survival< >> http://www.reuters.com/article/2013/03/25/us-eurozone-cyprus-contagio...> >> >> > > Mon, Mar 25 2013 >> > > - Cyprus and EU agree draft proposal to rescue banks< >> http://www.reuters.com/article/2013/03/24/us-cyprus-parliament-idUSBR...> >> >> > > Sun, Mar 24 2013 >> > >> > > Analysis & Opinion >> > >> > > - One-off or precedent?< >> http://blogs.reuters.com/macroscope/2013/03/26/one-off-or-precedent/> >> > > - The Dijsselbloem Principle< >> http://blogs.reuters.com/felix-salmon/2013/03/25/the-dijsselbloem-pri...> >> >> > >> > > Related Topics >> > >> > > - Investing and Taxes Simplified »< >> http://www.reuters.com/subjects/investing-simplified> >> > > - Financials » <http://www.reuters.com/sectors/financials> >> > >> > > By Steve Slater >> > >> > > LONDON, March 26 | Tue Mar 26, 2013 10:13am EDT >> > >> > > (Reuters) - If the bailout of Cyprus is a template for European >> rescue >> > > deals it marks a "game-changer" for banks that could raise funding >> costs, >> > > see deposits shift more quickly and delay the prospect of higher >> dividends<http://www.reuters.com/finance/markets/dividends?lc=int_mb_1001> >> >> > > . >> > >> > > Europe signalled this week that large depositors would shoulder part >> of >> > > the cost of future bank bailouts after savings over 100,000 euros >> were >> > > targeted in the Cyprus rescue package. That sent bank share prices >> falling >> > > and pushed up the cost of insuring bank debt against default. >> > >> > > "Bail-in is thus replacing bail-out. As a consequence, the cost of >> bank >> > > funding will increase, bank deposits will become less sticky, and >> banks >> > > must hold more equity capital to reassure their creditors," said Nick >> > > Anderson, analyst at Berenberg. >> > >> > > "The elephant in the room has been spotted at last." >> > >> > > Jeroen Dijsselbloem, head of the Eurogroup of euro zone< >> http://www.reuters.com/subjects/euro-zone?lc=int_mb_1001> >> > > finance <http://www.reuters.com/finance> ministers, said on Monday >> that >> > > in future, the currency bloc should first ask banks to recapitalise >> > > themselves, then look to shareholders and bondholders and then "if >> > > necessary" to uninsured deposit holders. >> > >> > > "Now that the crisis is fading out, I think we need to dare a little >> more >> > > in dealing with this," he said. >> > >> > > In addition to big depositors, senior bondholders in Cyprus's >> > > second-largest bank, Laiki, will be wiped out and holders of senior >> paper >> > > in the largest lender, Bank of Cyprus, will also be hit. >> > >> > > In previous packages for Greece <http://www.reuters.com/places/greece>, >> >> > > Ireland <http://www.reuters.com/places/ireland?lc=int_mb_1001>, >> Portugal<http://www.reuters.com/places/portugal?lc=int_mb_1001>and >> Spain, leaders were unwilling to force losses on either senior >> > > bondholders or savers for fear of prompting flight from banks across >> the >> > > region. >> > >> > > Under new EU regulations, senior bondholders would bear part of the >> cost >> > > of future bank bailouts but that provision is not due to be enforced >> before >> > > 2015. Non-eurozone member Denmark is the only EU state to impose >> losses on >> > > senior bondholders in recent years, but after its banks were shut out >> of >> > > debt markets <http://www.reuters.com/finance/markets?lc=int_mb_1001> >> in >> > > 2011 it has moved to limit the likelihood of such losses. >> > >> > > Europe's banking index was down nearly 0.6 percent by 1310 GMT, >> adding to >> > > a 1.9 percent fall on Monday and putting it on course for a fourth >> > > successive daily fall. >> > >> > > Banks in Italy <http://www.reuters.com/places/italy> and Spain, two >> > > countries at the heart of the euro zone< >> http://www.reuters.com/subjects/euro-zone?lc=int_mb_1001>crisis, were >> among the biggest fallers with UniCredit and Spain's BBVA down >> > > over two percent. Italian regional lender Banca Carige had slid over >> three >> > > percent. >> > >> > > The cost of insuring European banks' senior bonds against default >> rose, >> > > with the Markit iTraxx senior financials index widening 14 basis >> points to >> > > 181. The index for subordinated bonds - riskier as they rank behind >> senior >> > > debt if a bank is wound up - widened 20 basis points to 302 basis >> points. >> > >> > > Critics of the action on Cyprus said it had re-established the link >> > > between weak banks and weak sovereigns and could scare depositors, >> but >> > > others said it was long overdue. >> > >> > > "Finally the EU is doing the right thing. If you take risk, if you're >> an >> > > equity holder, a bondholder, or an uninsured depositor, you should be >> at >> > > risk," said Simon Maughan, analyst at Olivetree Securities. "It is >> the >> > > bailing out of the bondholders that has been the biggest problem >> throughout >> > > these bailouts." >> > >> > > Maughan said there were still risks in Spain, Italy< >> http://www.reuters.com/places/italy?lc=int_mb_1001>and possibly >> > > France <http://www.reuters.com/places/france>. "The only way to deal >> with >> > > them would be to make the investors that put money in in the first >> place to >> > > front up," he said. >> > >> > > "WAKE-UP CALL" >> > >> > > Deposits above 100,000 euros have been at risk since the level of >> > > guarantee was raised and reinforced during the 2008/09 financial >> crisis. >> > > Cyprus is a reminder that above that level depositors are effectively >> > > unsecured creditors. >> > >> > > Savers are more likely than ever to spread their cash around, >> analysts >> > > said. >> > >> > > "It's a wake-up call... and deposits are likely to be more fluid if >> you >> > > see a risk emerging," Maughan said. >> > >> > > "It is now rational >> > >> > ... >> > >> > read more » >> > -- You received this message because you are subscribed to the Google Groups "Epistemology" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. 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