Thursday, August 19, 2010
FROM GREECE TO GM TO MOROCCO
Although the following about Greece does NOT represent MY writing, analysis and/or presentation, nonetheless, one obvious, important point made below; upcoming GREEK ELECTRICAL PRIVATIZATION was, is and will be a MAJOR, pivotal, turning point, confrontation, battle.
Sad to say, I can NOT read one Greek word.
I/we, collectively, must THANK anyone and everyone making a voluntarily effort to translate anything and everything from Greek into any other language, like English, so information can be shared and disseminated more broadly and widely to those beyond a Greek speaking community.
Unfortunately, I have tried automatic online translation and found their services to be decidedly lacking.
I do not mean fine grammatical points, but, contextual interpretation.
So, report and translation provided below:
Meanwhile, back in the Homeland of the most insecure NAZI Dictatorship of United Suckers and Assholes, a little bit of nascent, good labor news.
ANY possible expression of rank and file institutionally enslaved labor union rebellion, backlash, dissension, discontent, upset, challenge, including our most recent California David NUHW versus Goliath SEIU and that such as represented below about GM signifies good news:
HOWEVER, OVERWHELMING, OVERRIDING BAD NEWS counteracts, upsets, overturns, diminishes proportionally any good news represented above regarding union labor and GM.
Our US government, which NOMINALLY OWNS more than half of GM shares, roughly 60%, due to our COLLECTIVE TAXPAYER "bailout," plans an IPO, Initial Public Offering, of their nominally held PUBLIC shares sometime around, by, before November.
GM IPO underwriters include:
"...Bank of America Merrill Lynch and Citi will join JPMorgan Chase & Co and Morgan Stanley as lead underwriters, the first two sources said...
...Banks participating in the credit facility are Bank of America, Citi, Barclays Capital, Deutsche Bank, Goldman Sachs Group, JPMorgan Chase, Morgan Stanley, Royal Bank of Canada, UBS and Credit Suisse, the sources said..."
WHY THE FUCK IS OUR US GOVERNMENT PERMITTED, ALLOWED TO SELL OFF AND OUT WHAT ALREADY WAS NATIONALIZED BY VIRTUE OF US TAXPAYER DOLLAR SUBSIDIES, GIFTS, GIVEAWAYS???
WHERE ARE ALL THE MILITANT PROTESTS, DEMONSTRATIONS, LABOR ACTIONS, ETC.??
A rhetorical question, obviously.
They ALL are in the same place as previously when these SAME PRIVATE corporations received TRILLIONS of US taxpayer dollar gifts, bonanzas, subsidies, giveaways, swindles, boondoggles presented euphemistically as "stimulus and TARP (Troubled Assets Relief Program)."
WELCOME home to THE most notorious, undeniable, indisputable, contorted, insane logic of the greatest UNITED SUCKERS AND ASSHOLES NAZI Dictatorship in the world and their/our corrupt, collaborative, SELL OFF AND OUT, PRIVATIZATION PARTNERED, ersatz, criminal labor union FRONT LEADERSHIP.
Finally, ANOTHER bank, Morocco's BMCE, adding to a plethora of those issuing new MENASA (Mid East North Africa So Asia) exotically named investment funds.
I did previous posts (see below**) about Morocco, intrinsic to a revived Club Med, Mediterranean Union, Roman Empire, including Moroccan troops fighting in Yemen.
A direct link embedded in the following to BMCE website, Morocco's second largest private bank, provided below in your choice of English, French, Arabic at BMCE homepage:
**A previous post, amongst others I did, about Morocco's ATTIJARI Bank:
I will add another link from 2009 regarding Morocco's up and coming ATTIJARI and BMCE with more detailed, specific information, analysis provided below.
First, an EXCERPT:
"...Morocco's two biggest banks remain amongst the top 10 biggest banks in Africa. Attijariwafa Bank is the second largest bank in Morocco. It was established after a merger between Banque Commerciale du Maroc and Wafabank.
According to its website, the bank has more than 1.5 million customers]. holds onto pole position as the region's biggest bank in terms of total assets, its capital base swollen to $2,637m from $1,900m last year. Shares are held mostly by Moroccan corporate stakeholders, including the Moroccan royal family holding Omnium Nord Africain, which has a 29% stake. Spain's Banco Santander has a 14.57% stake in the group..." pole position
1. (in motor racing) the starting position on the inside of the front row, generally considered the best one
2. an advantageous starting position
..... Click the link for more information. Stakeholders
All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
..... Click the link for more information.