The News In Shorts

How the news would look if everyone stopped waffling and told the truth.

Sunday 22 January 2012

Institute of International Finance Blackmails Europe.


The Institute of International Finance, which represents the banks and financiers who drove the world economy to the brink of disaster, has broken off talks in Athens in an effort to blackmail European leaders into giving them its pound of flesh. The Institutes chief negotiators, Charles Dallara and Jean Lemierre pictured above, left the meeting pleading pressing and personal appointments that are so important, apparently, that the entire world economy takes second place. Their departure, however, has nothing to do with their attempts to reduce the debt write-off for Greece or raise the interest rates for the remaining loans or the hope of hedge funds that a Greek default will enable them to claim their loses against insurance policies - perish the thought. We asked a spokesperson from the IIF for an explaination; "Charles Dallara had to leave in order to attend his grandmother's birthday party and Jean Lemierre had an urgent dental appointment. There is nothing sinister in their early exit from the talks. However, people have to understand that risking the entire world economy must be a secondary consideration to the loss of profits that banks might have to face. The banks did nothing illegal - depending on your definition of illegal - and were only exercising their right to be as stupid, greedy and reckless as they like with other people's money. It is important that we protect the principle of socialism for the banks and unregulated capitalism for everyone else. Without that principle banks would find it difficult to recruit the right kind of mindless, unimaginative, ill-educated and thoroughly selfish morons to executive positions and many of them might well relocate to Mars instead."

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