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BNP Paribas,
President Sarkozy appointed Camdessus ex IMF
as head of commission bonuses at banks receiving government aid -
BNP Euro 5bn bailout
source: nytimes.com
BNP offers discount shares 30% down
BNP has to offer new shares to cover Bailout dept for about 40 Euros with 30% discount
Source PDF (F): DirectNice.com
n°134 - mercredi 30 Septembre 2009 (edition PDF p. 08)
IMF 2010 Banks $1.5 trillion loss
Banks around the world -- especially in Europe --
still are likely to face additional write-downs of $1.5 trillion
by the end of next year 2010, the IMF said.
source: online.wsj.com
Fact List BNP
O French government co-owned Bank (15%)
O Dept, Gov bailout; E5.1bn / $7.5bn
O Bonuses for Employees E1bn
O Interest payment only to Gov E226m for 7 months
Market public dept financing ?
O E4.3bn / $6.3bn new shares ( nouvelles actions)
O Share price: about E40 - 30% discount !
O Discount loss : E1.8bn / $2.6bn
Why selling with 30% loss?
Market overrun with dept and bonds without future,
direction "friend business" - government security
Danger: Wealth-currency-production destruction
The production companies get their credits cancelled
to refinance bankrupt banks. What, for a second round
Bank bailouts, no conditions fixed, destruction of
wealth and currency through non productive,
parallel bank economy restarting Casino gambling
worldwide. IMF says $1.5 trillion bank loss to
expect end of 2010. Entrepreneurs why go to work ?
Many Banks will need money
Christophe Nijdem, a banking analyst at Alphavalue in Paris,
called the stock issue’s timing “judicious.”
“They had a window of opportunity,” he said.
“A lot of banks will turn to the market in the months to come,
and it’s first come, first serve.”
Mr. Nijdem added that, compared to American banks, European banks
were more leveraged, and had to play catch up. Major Western banks
are forecast to post losses of almost $2.5 trillion for the
period 2007-2010, according to the International Monetary Fund
source: socialone.info
BNP closes Bahamas
BNP to close "Paradis fiscaux" Bahamas, Panama 2010.
What about Cayman Islands and ...and....
5,1 milliards euros to pay back to French Taxpayer
can't take it from the Bahamas
just launch public papers ask for $7bn
and pay yourself Euro 1bn Bonuses.
Is this a joke, why working, why running
a real production company to create jobs?
The french deficit reaches Euro 140 bn
8% of PIB, was 2.7% of PIB in 2007.
source (F) : metrofrance.fr
BNP > UEB Nassau
BNP Paribas Private Bank and Trust Bahamas et UEB
(United European Bank and Trust) Nassau, toutes
deux filiales à 100% du groupe BNP Paribas, se
sont rapprochées sous la marque UEB Nassau.
search: BNP History Bahamas 2003 > UEB
Bahamas
source: lefigaro.fr (F) | online.wsj.com (E)
Why working ?
Travail contre speculation
L'argent oui, mais comme fruit du travail, pas de la spéculation. C'est en substance ce qu'a déclaré Nicolas Sarkozy hier mercredi à New York, à la veille du G20 où il doit plaider pour le plafonnement des bonus des traders.
Source (F): liberation.fr
Comment: France has to learn to capitalize
it's HT enterprises to make them fit for World
market and not easy victims.
Euro 100 million 10% of BNP Paribas
Trader Bonus a fair trade
WIPRO India closed S. Antipolis 1 Day
after receiving Euro 5 million French
Gov grants ( already 3.7m credit before)
Molex Villemur
283 Employees fired,
French government sells Factory equipment for 1 Euro
to U.S group. Good buy, french banks don't finance manufacturing
material etc.
American group automotive connectors invests Euro 5.4m
HIG U.S. investment fund another Euro 1m = Total Euro 6.4m
French government gives creditline of Euro 6.6m
Result
45 Employees and Euro 2.5m Turnover predicted.
Reality in France
5 Employees cost including prepaid high charges Euro 200.000/year
45 Employees Euro 1.8m/Year. No factory can run in France this way.
source: fr.news.yahoo.com
don't askFrench Banks would have destroyed 150 000 jobs
photo: "Bastille day"
source (F): lemonde.fr/economie
French Finance minister Lagarde to push G20
for Bank Trader Bonuses regulation,
Why not starting with French government co-owned
BNP Paribas bank with E1bn bonuses at E5bn bailout ?
source: forbes.com
