HowardDutch State vs. Anglo-Dutch Oligarchy
The Anglo-Dutch oligarchy can be pretty nasty to their own people, let alone the United States or the Third World. Note this intense fight over the fate of AMRO bank.
THE CITY OF LONDON WARNS THE DUTCH NOT TO INTERFERE WITH THE TAKE
OVER AND BREAKUP OF ABN AMRO
April 20 (EIRNS)-The {Financial Times} of London used its editorial
page on
April 20 to attack Dutch central bank head Nout Wellink for daring to
object
to the breakup of Dutch banking giant ABN Amro, which is in merger
talks
with Britain’s Barclays and the target of a competing effort by the
Royal
Bank of Scotland, Spain’s Santander, and the Dutch-Belgian Fortis, to
buy
ABN Amro and break it up into pieces. The City of London outlet warned
Wellink to stay out of the battle and let the market decide the fate of
the
bank, lest he see his own power diminished.
Lyndon LaRouche compared Wellink’s concern to the way in which a bolt
of
cloth was passed around between the garment shops in New York during
the
war. With cloth in short supply, it was too valuable to cut, and was
thus
sold from shop to shop until it acquired great value. ABN Amro is like
that
bolt of cloth: once you cut it, its value will evaporate.
[Financial Times, April 19]
PARIS, April 19 (EIRNS)--EUROPEAN CENTRAL BANK: WHAT, ME
WORRY? REPORT SAYS PRIVATE EQUITY FUNDS ARE ONLY A REMOTE RISK TO
THE FINANCIAL SYSTEM. Countering efforts of some countries to impose
stricter regulations on the activities of private equity groups and
other
hyperspeculative capital threatening the financial system, the European
Central Bank chose to defend an ultra-liberal position, stating in a
report
that “private equity poses only a remote risk to financial stability
and
Europe’s banking industry.”
The oligarchs want their dirty usury system, without the little people bothering them.
THE CITY OF LONDON WARNS THE DUTCH NOT TO INTERFERE WITH THE TAKE
OVER AND BREAKUP OF ABN AMRO
April 20 (EIRNS)-The {Financial Times} of London used its editorial
page on
April 20 to attack Dutch central bank head Nout Wellink for daring to
object
to the breakup of Dutch banking giant ABN Amro, which is in merger
talks
with Britain’s Barclays and the target of a competing effort by the
Bank of Scotland, Spain’s Santander, and the Dutch-Belgian Fortis, to
buy
ABN Amro and break it up into pieces. The City of London outlet warned
Wellink to stay out of the battle and let the market decide the fate of
the
bank, lest he see his own power diminished.
Lyndon LaRouche compared Wellink’s concern to the way in which a bolt
of
cloth was passed around between the garment shops in New York during
the
war. With cloth in short supply, it was too valuable to cut, and was
thus
sold from shop to shop until it acquired great value. ABN Amro is like
that
bolt of cloth: once you cut it, its value will evaporate.
[Financial Times, April 19]
PARIS, April 19 (EIRNS)--EUROPEAN CENTRAL BANK: WHAT, ME
WORRY? REPORT SAYS PRIVATE EQUITY FUNDS ARE ONLY A REMOTE RISK TO
THE FINANCIAL SYSTEM. Countering efforts of some countries to impose
stricter regulations on the activities of private equity groups and
other
hyperspeculative capital threatening the financial system, the European
Central Bank chose to defend an ultra-liberal position, stating in a
that “private equity poses only a remote risk to financial stability
and
Europe’s banking industry.”
The oligarchs want their dirty usury system, without the little people bothering them.
