Gringo

Chisora v Fury just about to start Fury with a 'I found Jesus' t-shirt and Chisora coming out to the tune of the 'black velvet band' - a song about deportation to Oz quite bizarre

I'm sure the people in the pics dept could have tried a little harder looking for a norway themed pic of brenda, but following the 'bellyful' cartoon in the times and the camping advert I'm beginning to wonder if news intl are just taking the piss now.

http://www.thesun.co.uk/sol/homepage/news/3710902/At-least-92-people-are-killed-in-two-gun-and-bomb-attacks-in-Norway-by-a-crazed-hunting-fan.html From that Sun page..........

Probably so the players in the national team can get a decent break before the start of euro 2012 lol

Football season's started. Well it has ooooop north. Motherwell currently top of the scottish premier league.

We can always rely on the judiciary though Well two out of three ain't too bad.

Too lightwieght when you have a variety of devices. I prefer something like this

And bizarrely for some reason all the serious police were heading in the opposite direction at the time, something about a bomb.

the murdoch family only own 12% of news corp - though they do hold 40% of voting rights. There are two or three legal cases pending in the states from disgruntled investors not happy with rupert embezzling £400m for the family (purchase of shine), the loss of bskyb and the fallout from hackgate. rupe is trying to quieten them through a share buy back scheme. Through into the mix the poential us court cases for bribing of officials then it's quite possible that rupert loses his grip and james is sent off to manage the western oz echo. That depends on the us officials not being as corrupt as the uk ones though - so he'll probably get away with it.

So how can the govt cut police numbers and yet remain confident levels of crime won't rise. Well that's where the big society comes in, and the privatisation of street-level policing. And once again the legislation to enable this was handily put in place by the previous tory govt. So after the plastic bobby (community support) we have the enhanced security guard; bestowed powers despite the minimal levels of vetting or training. A positive breeding ground for the next power mental levy bellfield.

And the 2011 award for putting words in someone else's mouth goes to... I could equally ask - so you don't really mind which taxpayers take the hit if Greece were to default just that some taxpayers somewhere along the chain do? - but that would be crass and betray a naive understanding of what it is happening. some banks, with big risk management departments took a commercial risk-return based decision to loan greece money. Other banks made decisions on a similar basis to provide insurance to the lenders. No one asked the taxpayers to provide an implicit guarantee to either set of financiers. nothing to do with me wanting to see banks punished or taxpayers punished, just providing am alternative commentary to the one that says the banks are now on the hook for some of this write down. They're not. Bank shares out performing the markets today.

Who pays out on the CDS? Banks. Who pays out for the collateralisation? Taxpayers Trebles all around.

They don't. Now the bonds are fully collateralised they can trade out anytime. Some people have an appetite for long term bond positions and would be willing to buy them. Alternatively, again because the bonds are fully collateralised many banks will be quite happy to repo them for cash loan positions - so you've got your money now, can invest it as you wish, and then buy back the bonds back at point of maturity. Of course the REPO fees will be a minor minor hit, but that's just money going from one bank to another. At whatever point Greece fails it's the eu taxpayers in it for the whole shebang (in terms of this re-writing of these bonds).

fixed 4 u So if the banker wants to exchange at par - his position is now fully collateralised by the ECB - so if in 30 years time, everything turns out cushty and greece can repay their debts, banker gets his money back. However if the greek govt can't repay the money, then the eu taxpayers via the ECB will reimburse the banks. The only ones likely to opt for the 80% discount bonds are the ones betting on the ponzi scheme falling apart in the short-to-mid term and who will seek to maximise the cash flow they can get out of their existing bond holdings. The risk and costs of default are being socialised, and the profits from the bond market are being privatised.

LIAR, LIAR, PANTS ON FIRE!

A bit of both? Not really. The initial bailout is paid by EU taxpayers. There's a proposed bank levy - 'to help them share the pain'. Which is twaddle on two levels. Firstly it's proposed may never happen. Secondly it doesn't punish the stupid/irresponsible/fraudulent banks that pumped money into greece, it targets the whole sector. Where the banks have retail divisions the extra costs will be passed onto the retail customers (ie EU taxpayers), and purely commercial banks will pass their costs onto their corporate customers in additional fees which will end up getting passed onto retailers in the end and passed on to their customers (ie EU taxpayers). Nowhere are the shareholders in the banks, or the bankers bonuses targetted for punishment. Just another example of the underelected elite **** over the little people in favour of the financiers.

The compromise most likely will be eu taxpayers paying for the default instead of the bankers.

so in essence it could have come out anytime since 2009 but just happened to come out now in time to derail the BskyB bid ... funny thatSky launched their bid in June 2010. The information re: dowler, soham, soldiers, 7/7 victims was uncovered by the weeting enquiry that only kicked off in January 2011. Between 2009 (yates failure) and weeting, the only people who had that information were newscorp and the dodgy cops covering up for or lying to yates. So if that information had been released by operation weeting at any time it would have derailed the bid .

those figures are from 2009 , so if someone was burying it then it does show it is a cross party issue Those numbers weren't buried - they were published by the grauniad in 2009 - It was all part of the same investigation by nick davies, and I'm quite sure someone posted them on VT as well. re: motivation - grauniad bringing down murdoch is enough - I doubt it's party political as punch was just as bad as judy, just that punch has now got a new job as peace envoy re: timing - it had to come out some time - at any time it would have caused the same problems - releasing the info during or before the dowler trial could have caused the ire of judges. The police were never going to release any information on dowler, or the sohams or hacking dead soldiers relatives. So I would judge the timing to have been as soon as possible without giving belfield someone else to accuse.

If we were to look for one of these career politicians who is flawless we'd be here all week.. Not 'career' politicians

If we were to look for one of these career politicians who is flawless we'd be here all week. You could ask how Vaz got his position as chair - complicity with the corrupt nature of politics is probably one of the leading requirements.

I wonder why she would say that.I wonder why they got divorced

Hoare's previous evidence (Dec 2010) How much did that all cost (Rupert), I wonder?

I wonder who gets to choose the pathologist this time. cressida dick has been tipped to replace yates and she already owes the politicos one favour.