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It doesn’t seem to matter if it’s an artificially created deficit in Wisconsin which results in union busting mania or the Wall Street banksters plundering our financial institutions. The solution is always the same and that is to balance the budget or pay for the bail out on the backs of working class America rather than asking those responsible to be held accountable. God forbid that America’s rich would ever be asked to pay their fair share of taxes to help correct these problems. Additionally in America, we have a media which is owned by the plutocracy who too often ignores the truth. The truth is the Wall Street banksters are in the process of creating a second crash that you will be asked to pay for. There is one important difference this time major mainstream European news organizations like Der Spiegel have warned us of a coming second crash.
,just letting you know,anything find or you tell them,they will tell.
Under the terms of the deal, Deutsche Börse shareholders will own 60% of the newly merged company, with NYSE shareholders controlling 40%. Each Deutsche Börse share will be exchanged for one share of the new company’s stock, while each share of NYSE Euronext will be swapped for 0.47 share of the new company stock. The announcement was not a surprise, as talks surrounding a possible merger have been floating around for years, further indicating global consolidation of the exchange industry. Those in support of the deal have recognized the NYSE’s strategy to increase its scale of trading by merging with the Frankfurt based exchange. In today’s global environment, Niederauer argues: ‘It isn’t a sale, we’re trading from strength…It gives us opportunities to create our own destiny going forward… If you think about it, what I’ve said for two years is exchanges should be competing across the value chain.’ Let’s be clear– this is a German acquisition of a US company. The Board of Directors is split up 60/40 with respect to ownership, which equates to 10/7 seats respectively. That puts Deutsche Börse shareholders at a majority. Something of interest: Niederauer overtly ignores Haines’ inquiry on who initiated dialogue. Those in support of the merger will argue that there are a number of American institutional investors that have a stake in the German company, thus are already represented in the majority.
After all, the combined shareholder base is 55 percent US. For example, BlackRock Asset Management Deutschland AG, a subsidiary of New York global investment management giant BlackRock, holds around 5% in Deutsche Börse. So we’re covered, right? Wrong. This sort of logic is useless for those that realize that a) BlackRock is the largest money manager in the world, their interests are not solely pro-US based and b) that doesn’t make any difference in the boardroom when 10 are appointed by Deutsche Börse. This merger gives ultimate control to a German company. The real story seems to be the anticipated name of this trading powerhouse. The branding has become more political than anything else– and this is about branding. Unable to disclose an official name, Niederauer did state this morning that the NYSE is “a fantastic brand”.
Originally posted by venusstarlite
reply to post by boondock-saint
I,agree with you,someone will try from other countries.When and how is the question,they have their hands into everything we own here.I,didn't realize how much of our stuff,other countries owned,but learning the hard way. Its kinda scary to see we are so open to the world.How can we have security and closed borders,when the world owns so much of us? We are in serious trouble people,we better tighten our security up more.Get these other countries out of our business.No wonder they know what we are doing and about. So sad!
Its kinda scary to see we are so open to the world.