Category Archives: History

Good Bank Bad Bank

April 15, 2011 By in Heconomy, History, Hustle (Hoax), Hypocrisy Tags: , , , , , , , , 1 Comment

Amerikanische Banken sind böse, deutsche sind gut.

Deutsche Bank AG, whose bets against subprime mortgages helped it weather the financial crisis, pressed to sell a $1.1 billion collateralized debt obligation to clients in 2007 as the co-head of its CDO team foresaw a market slump, a U.S. Senate panel found.

Lippmann (not the co-head but then-top CDO trader), whose bets against the housing market were also described in Michael Lewis’s “The Big Short,” had repeatedly tried to warn co-workers and clients in 2006 and 2007 about the poor quality of the mortgage securities underlying many CDOs, according to the report. The return on his bets against mortgages “was the largest profit obtained from a single position in Deutsche Bank history.”

“Keep your fingers crossed but I think we will price this just before the market falls off a cliff.”

So how do German financial experts react to the big short CDO scam and the crisis that followed? How else? American banks have to take the responsibility for what happened.

“Im Nachgang der Finanzkrise müssen sich amerikanische Banken verantworten.”

A Permanent Security Council Seat For Germany?

March 22, 2011 By in Helections, Helplessness, History Tags: , , , , , , , , 1 Comment

Let’s vote.

“Germany has lost its credibility in the United Nations and in the Middle East.”

“Germany has turned the idea of a unified European Union foreign policy into a farce.”

“Germany’s hopes for a permanent Security Council seat can be buried. Even the idea of an EU seat is damaged.”

“I don’t know what the German foreign minister was thinking, but (the abstention) doesn’t have much in common with a values-driven foreign policy nor with German and European Union interests.”

“German hopes for a permanent seat on the Security Council have been permanently dashed and one is now fearful of Europe’s future.”

“Why is it so difficult for us in Germany to realize that we have to help the rebels in Libya, primarily because a bloodbath is looming in Benghazi?”

“Everyone has seen pictures of the Warsaw ghetto. Everyone knows what happens when an army takes over a city. That’s why all parties in France, including on the left, were in favor of a military intervention in Libya. In Germany, that didn’t happen.”

“The opposition to our closest partner France is a break with all constants of German foreign policy since 1949.”

“I have nothing but shame for the failure of our government.”

“The reform of the United Nations Security Council remains a major goal for the German government. The German government’s willingness to shoulder more responsibility within the framework of such reform is unchanged.”

Hot Dog It Another Baader-Meinhof Film!

February 18, 2011 By in Habitudes, Hate, High Art, History, Hypocrisy Tags: , , , , , , , , , , 1 Comment

The Berlinale is always good for a surprize. But it’s always the same one: No surprizes.

How original, sort of. Hopeless romantics that they are, politically correct Germans everywhere will be as enamored as they should be in this latest “political love story” about (with?) the RAF, “If Not Us, Who?”

Specifically, it’s about two fine young terrorists who fell in love, made love and then went on to become key figures in that wacky and fun-loving leftist group that carried out a bloody campaign of kidnappings and murders in the 1970s. You know, kind of like the Manson clan only, this being Germany, their madness was more political?

It’s a film that wants us to truly understand these folks with, I dunno, understanding, understanding how their political consciousness arose, with a special emphasis being placed on the conflict between the Nazi and postwar generations–an aspect that has never ever, ever been addressed here in this country before, ever, not once, honest. In other words, they were the victims (again).

Be sure to see it. It’s so… Political. And Romantic with a big R. If it doesn’t win the Golden Bear than… If not them, who?

3-D Big At The Berlinale This Year

February 17, 2011 By in Hi-tech, History Tags: , , , , , , , , Leave a comment

They won’t be showing these, though.

Unlike Hollywood’s 1950s 3-D movies, which used two projectors, the Nazi version used standard 35mm film cut in half into a split-screen. When it was projected, a prism would combine the two images.

Ironically, he first disclosed the find during the Berlinale, the Berlin film festival, this week, where filmmakers worldwide were rolling out 3-D movies.

The New Narrative

February 8, 2011 By in Habitudes, History, Hypocrisy Tags: , , , , , , Leave a comment

Ever read The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb?

It covers a whole lot of stuff but what really interested me was his handling of history. It really struck a chord with me. History is basically a series of improbable and completely unpredictable events. There is no “flow” to it, at least not that we can recognize, we only see these periodic erruptions (kind of like earthquakes or sudden volcanic erruptions) that come out of nowhere and are therefore unforseeable.

What we then do, however (we are human and simply demand an explanation), is quickly assign them meaning, a new narrative in the broader narrative we had made up before. We don’t have an explanation but we pretend that we do. And THEN, strangest of all, we quickly delude ourselves into thinking that the given event was actually predictable, that the people who lived through it somehow knew it was going to happen, or should have.

Think 9/11, the fall of the Berlin Wall, Hitler, World War I, etc. Get the “flow” now?

Anyway, when it comes to Egypt, we’ve already passed the narrative stage and Egypt isn’t finished being Egypt yet.

Suddenly it seems everyone knew all along that President Mubarak was a villain and the US, who supported him until recently, was even worse.

Counter-Culture Club Closed

February 3, 2011 By in Habeas Corpus, Habitudes, History Tags: , , , , , , , Leave a comment

You can squat, but you can’t hide.

Not for more than twenty years or so, I mean. Time moves differently in Berlin.

The house in the former East Berlin was occupied as Germany was reunited in 1990. Residents were given rental contracts at one stage but those were later terminated when private investors bought the building.

“Cairo is not Berlin”

January 30, 2011 By in History Tags: , , , , Leave a comment

But where Polish Solidarity activists and East Berliners could look to the West — and, specifically, the United States — as a model in opposition to their reviled Communist leaders, in this case, it is the U.S. which has, awkwardly, helped prop up a leader who has lost credibility with his people.

On Friday night, President Obama finally found some strong words, “What’s needed right now are concrete steps that advance the rights of the Egyptian people, a meaningful dialogue between the government and its citizens, and a path of political change that leads to a future of greater freedom and greater opportunity and justice for the Egyptian people.”

“President Barack Obama should set a new rule for his administration’s policy in the region — when he draws a line in the sand and stakes out a position that is ignored by an ally in the region, there should be consequences, and policy changes should be implemented.”

Now if they could only get the Bundeswehr to misbehave this badly with the Taliban whenever they come around

January 25, 2011 By in Higher Education, History, Hurt Feelings, Hysteria Tags: , , , , , , , , 1 Comment

The German Navy has this quaint little training ship called the Gorch Fock with this quaint long tradition blah, blah, blah but now it’s coming out that these sailor/soldiers are acting quite scandalous these days (like sailor/soldiers in other countries are actually expected to act) and so Defense Minister zu Guttenberg has pulled the plug on the ship’s captain way down in Argentina and has ordered an investigation and holy shit let’s call the whole thing off.

The Gorch Fock (some are now calling it Germany’s biggest floating brothel) appears to have become the one place where modern German military types have lost all sense of inhibation and political correctness and where all kinds of bad misbehavior (of the non-German kind) is taking place big time. Scandalous, never-heard-of-things-happening-with-German-sailors-at-sea before have been hitting the fan. Here are just a few to name just a few:

The sailors on the Gorch Fock drink lots of alcohol on board.
The boy sailors are always hitting on the girl sailors really hard, sometimes on the other boy soldiers too.
The officers yell at the sealors a lot and often hurt their feelings, sometimes even “insulting” them.
Then there’s that bizarre ritual of eating raw pig’s liver and washing it down with even more alcohol.
And the drop-the-soap games in the shower.
And the freakin’ Aryan Brotherhood dudes on board.
Oh yeah, and mutiny and stuff like that too.
And, of course, the two women who have recently died on board under somewhat mysterious circumstances.

I think all of this is being caused by having to sail around the world in an old ass ship like that. But maybe that’s just me. Or maybe they’ve just got scurvy or something.

Today a 70-page annual report on the armed forces criticised the “inexperienced” officer class for not possessing “the knowledge and intuition to realise when the line has been crossed into criminality.”

Talk about coming right (I mean, left) out of left field!

January 6, 2011 By in Habitudes, History, Home Cooking Tags: , , , , , , , 4 Comments

OH MAA GAAAWD! Who would have ever in a zillion years expected a shocking Bekenntnis (confession) like this?

Sit down immediately and take your chill pills if you got ’em. Left Party Head Honcho of the East Gesine Lötzsch, of all people, has announced in the marxist (go look it up yourself) daily Junge Welt that she actually kind of sort of leans a bit toward communism at times if not always has and always will. She said, among other things: “We can only find the paths to communism if we go down these paths and try them out.”

And here is where I obviously missed something yet again, I guess. I never would have expected an acknowledgement like this from her in a zillion years either, but only because I was under the distinct impression that being a communist was one of the basic requirements for joining the Left Party in the first place.

No, but seriously, folks. Is this really supposed to be a news item or something?

“Wären morgen die Voraussetzungen dafür gegeben, die Linke hätte keinerlei Skrupel, wie nach 1945 die Demokratie zu nutzen, um sie erneut abzuschaffen.“