Can anyone explain to me how these ideas could shut off the CDO time bomb?

Or am I right in saying how lackluster these ideas are? I wonder if the E.U. leaders and unelected officials will allow nature to take its course and collapse the EU, and return to nation states, or, there only other option is to engineer an event to grab full powers. It either collapses, or becomes a dictatorship, and we know they won't let it collapse... There will be a deal - and it will be the 2 trillion that 'the markets' originally said was necessary to cover everything - (although it is now quite clear that they had no idea Europe would actually get a deal of that magnitude together) This is just the self-same markets making the last bit of money out of other people's misery before they are stopped dead by the new deal. Once the debts are covered the markets can go screw themselves and act like hysterical 5 year old schoolgirls with someone else's economy. Given the state of the European economy if I was a member of the EU-hate gang I'd be getting concerned about things much closer to home. The (underlying) truth is that the comparable Northern European economies have been doing much better than us and have been for decades. I wonder why ! Whatever the outcome of this weekend's on - off, on again summit, it seems unlikely the 17 euro countries will get what's needed, given Germany's entrenched reluctance. As we predicted after the July 21 summit, Europe's leaders continue to fall behind the problem they're trying to solve. That's a constantly evolving debt crisis that gets bigger by the day. It doesn't stop and wait, its morbid momentum reflected in markets since early summer. What we'll see revealed in Brussels this weekend is that the euro zone is not just a flawed currency system, but it is also a flawed political system incapable of being led and incapable of making the difficult, often painful decisions required. Could it, for instance, ever impose the sort of fiscal discipline being attempted in the UK or the bank overcapitalization already complete here? I doubt it. That's not to be complacent about our own parlous position. We may be implementing fiscal and monetary policy decisions, but are they working? This crisis, whether elsewhere or in the euro zone, is like a virus mutating against a vaccine. Europe isn't using enough medicine while rest may have already administered what they can without any meaningful effect. The

patient remains ill and the drugs aren't working. Markets slide on reports of deadlock between France and Germany in talks over how to expand the euro zone bailout fund, making a resolution by this weekend's crucial summit increasingly unlikely. Devastating deregulation of financial and banking systems There is a lot of propaganda about time for a recap on what caused this entire financial crisis: Here are the real causes of the financial crisis all of which were nothing to do with the people of the UK or the world for that matter. Devastating deregulation of financial and banking systems facilitated by "campaign contributions" (AKA Bribes/pay offs) to politicians, presidents Etc. Fractional reserve banking allowing Reckless lending on the scale of 33 x the Banks depository Trillions in Derivative gambling and speculation ridiculously leveraging the markets and indexes making them unstable. The amount of derivatives still present in the system are estimated at 100 x the world GDP!! (time bomb waiting to explode) Tax avoidance by banks and corporations to the tune of 10s if not 100s of billions Government Bail outs undermining the entire principle of true free market capitalism causing insane moral hazard and risk taking as all risks are passed onto the innocent tax payer. Insane Financial sector Bonuses totaling 15-20 billion in the UK for example, causing reckless behavior and massive risk taking. Lending to people who did not have a good credit rating (subprime lending) Ridiculous Market and index manipulation Banks hiding debts of Countries to get them membership into the EU where they would not survive amongst much larger economies(Goldman Sachs Greece) Sub prime mortgage time bombs -causing 1000's of foreclosures. Credit debt Obligations rated AAA when they should have been rated junk Credit default swaps also ridiculously leveraging the financial systems Fighting illegal wars - Spending billions on mass genocide Corrupt rating agencies, no accountability ,no police investigations, no Jurisdiction corrupt politicians The general public was not responsible for any of the above and the UK Government debt was only 3% of GDP until we bailed out the bankers. Dont listen to the lies of the new world order and the establishment Silvio Berlusconi has named Ignazio Visco as the new head of the Bank of Italy. He wasn't one of the favourites in the running for the job, which won't be an easy one at the moment. He's the existing deputy director general of the bank. Visco will take over from Mario Draghi, who is taking over from Jean-Claude Trichet as head of the European Central Bank. Date: oct.21.2011

Mircea Halaciuga, Esq. 0040724581078 Financial news - Eastern Europe