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Risky Business
Mayor von Beust will beg Chancellor Merkel for more tax billions to "save" the HSH and the northern shipping industries(plus some politicians)!
As the HSH confided there will be further losses of aproximately 3,5 -5 billion Euros just in the ship financing sector of the sinking bank!
With the help of Ernst & Young the city of Hamburg and shipping experts like the high risk chief of Hapag Lloyd (2 billion Tax payer Euros, HSH, City of Hamburg, Kühne, M.M.Warburg, Signal Iduna, TUI) are trying to find a plausible explanation for further tax payer savings of the sinking german shipping segment. Since most ships are under foreign flag or built in other countries the german gouvernment isn´t to interested at the moment, Merkel´s sit out politics are already putting the new cabinet under enourmus stress!
Politicians best, HSH has over 30 billion in open credits in the shipping segment alone. Insiders have told the Spiegel that if the gouvernment does´nt help, the lights in Hamburg could be out by January!
The bank also had to admit to engagements in the heavily hit Dubai region(naturally without mentioning amounts)
Not enough trouble in the north, the Financial Reporting Enforcement Panel of Germany will be scrutinizing the past balancing of the bank by KPMG due to the high risk Omega engagements and risk calculations of the past!
"Hamburg, my pearl"
The Fish stinks from the head
The German government has already spent a total of €760 billion ($1.06 trillion), in the form of loan guarantees and bailouts, and it even took a 25 percent stake in Germany's second-largest bank, Commerzbank. To limit the consequences for the real economy, the government also spent billions on economic stimulus programs. The bill for taxpayers is equally enormous. Politicians of all partys have only one argument, economic growth! But where will we find it? The billion dollar man Asmussen (SoFFin) was involved in every financial decision leading to Germanys banking crisis, now Merkel and Steinbrück have given him total control of the saving of Banks like the IKB or HRE, HSH! If one of these falls politicians as well as Asmussen or the German Bafin, Bundesbank will have to answer many questions! So more billions are moved to protect the guilty!
City of OTTO
The ECEs political and financial influence on decisions in the City of Hamburg....
HSH supervision, politicians in top positions, public transport and the banning of publications!
Find out why only 17 - 22 of Hamburg´s 880 million-euro or more annual income earners are scrutinized by tax investigators of senator Freytags financial revenue authority every year!
ECE-Attack on the city
..and Springer
Axel Springer
(Press and Information Office of Hamburgs Senate and the Federal Government?)
Supervisory board Friede Springer, Michael OTTO
Hamburger Abendblatt
Welt
Bild
Hamburg1 (Share property Springer and OTTO) among other
Springer Share Property 51%
hamburg.de GmbH & Co. KG, Hamburg
Merkel Banking
Deutsche Bank
Find out which banks are highly influential on Merkels 500 billion bank saving agenda!
Find out why Merkels chosen treasurer quit the job and (amongst other deals like Finance Senator in Hamburg, HSH Supervision, Beiersdorf, Germanischer Lloyd, Hapag Lloyd, HGV-City of Hamburgs public holding- auditor), startet selling Hamburgs prime real estate locations to the Alstria REIT AG (supervised by HSH Stuhlmann, M.M.Warburgs Olearius and FBDs Johannes Conradi) with funding from the HSH, J.P. Morgan and Natixis!
From A (Ackermann- Deutsche Bank, Siemens, Angie-Bundesmerkel, Asmussen-Hermes Euler/Allianz-SoFFin) to Z (Zumwinkel-Deutsche Post-convicted tax evader with 20 mio. Euro retirement bonus), there are thousands of similar reasons -names- for these "law makers" not to install working anti corruption laws in Germany!
See for yourself what happens when politicians and investors mingle and merge to create a virtual tax payers money bermuda triangle centered around the City of Hamburgs town hall or the german Bundestag!
How to embezzle 100s of millions in state and european subsidies for local public transport, raise prices continually, make millions of losses (at the same time keeping investors happy) and become an important "global player"!
What happens when politicians run public transport companies!
How medical investments do make a difference for public prosecutors bound by political leaders of the City of Hamburg and the german Ministry of Health!
Sorry that we´ve kept you waiting! But since this is strictly a non profit operation, research and hundreds of balance sheets have kept us busy with the german version. We´re trying to get the site up this month, but seeing the blundering bank, city and it´s political saviours rate of daily new scandals, losses and deficencies it´s hard to keep up the pace. Apart from that we´ve already taken judicial action against some of the mentioned parties, which also keeps us pretty busy!
Thank you for your patience!
