United Kingdom Banks Qualify For Bailout

I watched the BBC news last night, and Europe is in the same deep financial doo-doo we are. This is because Regan and the Bushs married us to Thatcher’s Deregualtion of everything – especially BIG GOVERNMENT OF WE THE PEOPLE who would protest the building of dangerous nuclear plants. This is why the Ultra Rich hushed up the threat to nuclear plants by Al-Qaeda – that would scare away rich investors who would see their MONEY coming under attack by Long Haired Wild Men from Hippie Hollow, and armed nationalists who defeated the Soviet Union in Afghanistan. This is why Reagan and Thatcher TOOK credit for being down the Wall – when it was Osama Bin Laden!

“Republican presidential candidate Newt Gingrich compared himself to former President Ronald Reagan and former British Prime Minister Margaret Thatcher in a recent interview with CNN.
“I think a big mistake on my part was to try to bring in conventional consultants,” said the former House speaker. “Because I am much like Reagan and Margaret Thatcher, I’m such an unconventional political figure that you really need to design a unique campaign that fits the way I operate and what I’m trying to do.”

I posted the following on 9-26-08

United Kingdom Banks Qualify For Bailout

If the British banks tap the rescue fund being set up by the US
Treasury and the Federal Reserve to the maximum, they could secure
one quarter of the $700bn being made available. Under the terms of an
outline agreement that appeared to have been reached by US
policymakers last night, Britain’s lenders will be able to use the
facility.

Capital Re Announces Agreement to Acquire C.I. de Rougemont, a
Lloyd’s Managi

“In the Roosevelt Room after the session, the Treasury secretary,
Henry M. Paulson Jr., literally bent down on one knee as he pleaded
with Nancy Pelosi, the House Speaker, not to “blow it up” by
withdrawing her party’s support for the package over what Ms. Pelosi
derided as a Republican betrayal.

I begged Nancy Pelosi to intervene and prevent my families Artistic,
Literary, Historic, and Good Name from being sold to outsiders. I was
ignored. My written pleas to many powerful people were funded by
diving into dumsters near the University of Oregon to retrieve empty
beer cans. The saddest three days of my life was my journey by train
to the Superior Court of Monterey so I could object in person to this
sale. I stood up, approached the judge, and begged her to allow me to
be a part of solution, as my nieces were wasting their inheritences
in fighting each other.

Our family name was sold. I had not spoken to a family member in
years, and my daughter had disapeared from my life. I alone had
looked into our genealogical past. My study was mocked. I have been
mocked. I never fell to my knees! I own the Impossible Dream! My
Rosey Line will go on, and on, and on!

I believe this is the Log Cabin my grandfather, Royal Rosamond, built
on the fourty acres he owned. His dream was to give a sanctuary to
Billy Boy Poets where they could write prose, and go fishing. To live
the Arcadian Life, is the Dream of Kings.

http://tinyurl.com/5cddy

Jon Presco

http://findarticles.com/p/articles/mi_m0EIN/is_1997_Oct_7/ai_19833815

IN A REMARKABLE OUTBURST AT THE German parliament, Mr Steinbrück said
the world would never be the same after “Black September”, reports
The Telegraph.

http://rougeknights.blogspot.com/2008/02/huguenot-bankers-redoubt-on-
rougemont.html

http://tinyurl.com/5cddy

UK banks qualify for $700bn US bail-out – papers 26 Sep
Friday 26th September 2008: 08:30

By Scott Sinclair

Britain’s five leading high street banks have as much as £95.3bn
($175bn) of distressed assets on their books that may qualify for the
American bailout scheme, reports The Times.

Click here to let us know your thoughts on the new site

If the British banks tap the rescue fund being set up by the US
Treasury and the Federal Reserve to the maximum, they could secure
one quarter of the $700bn being made available.
Under the terms of an outline agreement that appeared to have been
reached by US policymakers last night, Britain’s lenders will be able
to use the facility.

However, the prospect that the US Treasury could pay for UK banks’
bad assets is likely to infuriate some American politicians and
taxpayers, who would foot the bill. As Congress edged closer to
agreeing a plan for the central bank to take on lenders’ toxic
assets, HSBC appeared to be the UK-based bank best placed to benefit.

Combined, the five British lenders hold securities worth $175bn,
which they could transfer to a federally backed Treasury fund. Under
the proposed terms of the rescue package, non-US financial
institutions must have significant operations in America to qualify.

FURTHER DOUBTS WERE RAISED ABOUT Lloyds TSB’s emergency takeover of
HBOS yesterday, as influential analysts warned that the deal could
leave Lloyds short of capital and exposed to a surge in bad debts,
reports The Independent.

Credit Suisse analysts said the bank’s combined exposure following
the takeover to more than £200bn of UK specialist mortgages,
unsecured lending and commercial property could increase its risk-
weighted assetsby more than a quarter, hitting itscapital ratios.

Deutsche Bank analysts predicted that the deal would reduce Lloyds’
equity tier-one ratio to 5.6% and that the bank would have to raise
at least £4.5bn of capital to take its core ratio to 6.5%, thus
allowing it to trade confidently through a rocky 2009.

Both sets of analysts said Lloyds could easily beat its initial
prediction of at least £1bn cost savings a year. But they argued that
near-term worries about credit risk, funding and capital would
overshadow those potential gains.

“The question is whether the disproportionate transfer of HBOS equity
to its shareholders, combined with the synergies, offsets the risks
[Lloyds TSB] is taking on. In the medium term, this might be the
case, but on a 6-12 month view, we would not invest in Lloyds TSB,”
the Credit Suisse analysts wrote.

IN A REMARKABLE OUTBURST AT THE German parliament, Mr Steinbrück said
the world would never be the same after “Black September”, reports
The Telegraph.

He demanded a sweeping code of regulations to “civilise the financial
markets” and clamp down on speculators.

Mr Steinbrück announced a swingeing eight-point plan to reorder the
global markets – which will heighten fears in the City of London of
interference by the European Commission.
“The US will lose its superpower status in the global financial
system,” he said, predicting a new multi-polar order where power is
spread across the globe.

“The financial crisis is above all an American problem. The other G7
financial ministers in continental Europe share this opinion,” he
said, a pointed turn of phrase that excludes Britain’s Alistair
Darling.

What I am
interested in doing is exposing the takeover of my Democracy by
Thatcher’s privatization group that was led by Sir Michael
Richardson de Rougemont who came from a Huguenot family and may have
been the foremost Mason in the world. Did he consider himself a
Knight Templar?

Sir Michael worked for Rothshild Banking as did Lord Wakeham,
Thatcher’s right-hand man ? who was employed by Enron, as was Ralph
Reed who helped Pat Robertson form the Christian Coalition who
launched a crusade again Big Government and the United Nations who
were allied to Satan, according to them, and had plans to create a
One World. This scared the South into voting for the Republicans,
who saw the return of the Carpetbaggers.

Thatcher and New Gringrich reborn their distorted version of
the `Glorious Revolution’ of William of Orange, and began to
privatize Public Utilities in Britain and America.- in the name of
Jesus! They also made a secret plan to purchase old nuclear plants ?
after taking them away from the Public who said they didn’t want
them. Thatcher owned Three Mile Island.

When their man Bush was elected again, he held a closed meeting with
Cheney and Haliburton and formulated a plan to Privatize the oil of
the Mideast after taking it away from Kings and Dictators. They
launched a new Holy Crusade in Iraq and had/have plans to use
Saddam’s secular troops to invade Iran and put a stop to the nuclear
competition, as the so called “Axis of Evil” were three nations that
wanted their own nuclear program.

Then there is Philip Green who was at my sister’s funeral, he and
his wife attaching themselves to my sister’s artistic fame. Green’s
attempt to takeover famous British stores was opposed by Cazenove
Investment of which Richardson was a partner. Cazenove is a Huguenot
banking family.

I suspect Green is behind the cover-up of my sister’s death, he a
good friend of Rosamond and Garth Benton who may have been a Mason.
Did the Masons come to his aid in regards to his trouble with the
IRS, and other frauds that may have involved the Getty family’s
right-hand man, Lawrence Chazen, who was the No.1 creditor in
Rosamond’s probate?

Chazen is a partner of Mayor Gavin Newsom and Nancy Pelosi who some
say lost the election for the Democrats when they backed gay
marriages, they accused of lacking moral values. This loss revealed
the strength of the evangelico movement in Ameirca that was led by
Newt Gingrich whom Thatcher wanted to run for President before
George Bush got the nod. Did Sir Michael John de Rougemont
Richardson recomend Gingrich, as well as his employers, the
Rothschilds, who backed the Confederacy whose warships were made in
Scotland at their shipyard.

This is the Rosy Crux of my book, as it appears there was, and is a
group of banking families that are waging an economic warfare for
the hearts, minds and souls of the Little People, and will sell them
anything in order to get their way including the “killer Jesus” of
Tim LaHaye.

http://groups.yahoo.com/group/Christine_Rosamond/message/6

“In the Roosevelt Room after the session, the Treasury secretary,
Henry M. Paulson Jr., literally bent down on one knee as he pleaded
with Nancy Pelosi, the House Speaker, not to “blow it up” by
withdrawing her party’s support for the package over what Ms. Pelosi
derided as a Republican betrayal.

“I didn’t know you were Catholic,” Ms. Pelosi said, a wry reference
to Mr. Paulson’s kneeling, according to someone who observed the
exchange. She went on: “It’s not me blowing this up, it’s the
Republicans.”

Capital Re Announces Agreement to Acquire C.I. de Rougemont, a
Lloyd’s Managing Agency

NEW YORK–(BUSINESS WIRE)–Oct. 7, 1997–Capital Re Corp. (NYSE: KRE)
and the board of C.I. de Rougemont Holdings Ltd announced today that
they have signed a memorandum of understanding for the acquisition by
Capital Re of 100% of the issued shares of C.I. de Rougemont Holdings
& Co. Ltd, the parent company of C.I. de Rougemont Ltd (“CIDR”), a
Lloyd’s managing agency.

CIDR presently manages marine syndicate 112 and non-marine syndicate
732. The acquisition complements the business underwritten through
RGB Underwriting Agencies (“RGB”), the Lloyd’s agency acquired by
Capital Re in 1996. RGB currently manages non-marine syndicate 490
and life syndicate 1171.

Related Results

Capital Re Announces Agreement to Acquire C.I. de Rougemont, a
Lloyd’s Managi…

Michael E. Satz, chairman and CEO of Capital Re, said, “The
acquisition of CIDR enhances Capital Re’s presence at Lloyd’s and is
consistent with its strategic direction of global expansion into
specialty insurance and reinsurance products. Our prior affiliation
with RGB facilitated our ability to respond to the opportunity
presented by CIDR in a timely manner. The potential for product
development and business expansion arising from the acquisition of
CIDR and the additional underwriting expertise it represents should
produce a material and sustainable accretion to long term earnings.”

The acquisition is subject to the completion of due diligence,
Lloyd’s approval, and the execution of definitive documents, in
addition to customary closing conditions. Completion of the
acquisition is expected by year end 1997.

Peter Brotherton, director of RGB, in welcoming the collaboration
commented, “This new proposed partnership will provide further
financial strength and promote the stability required for RGB’s
development into the next millennium. In acquiring CIDR, Capital Re
has further recognized the unique opportunities that exist at Lloyd’s
for continued growth.”

Andrew Owen, managing director of CIDR, said, “The Board of Directors
of CIDR were delighted to have the support of an insurance group of
the caliber of Capital Re. The underwriters and their staff look
forward to working with Capital Re and RGB at this time of great
change and opportunity within the Lloyd’s market place.”

Capital Re Corp., headquartered in New York City, is a specialty
insurance and reinsurance group providing innovative solutions to
problems of risk and financial management. Capital Re’s product lines
currently include financial guaranty, mortgage, title, credit and
specialty reinsurance, and specialty insurance through its
participation in Lloyd’s. Capital Re’s total assets at June 30, 1997
approximated $1.3 billion. Total stockholders’ equity was $518.5
million.

Lloyds TSB Group plc (LSE: LLOY, NYSE: LYG) is a leading British
financial institution with its head office[1] in London and
operations that span the globe including the US, Europe, Middle East
and Asia. Its individual business units provide an extensive range of
financial products and services, both in the United Kingdom and
overseas. It was formed in 1995 by the merger of Lloyds Bank and the
Trustee Savings Bank (TSB).[2] The Group’s head office is at 25
Gresham Street, London.

Lloyds TSB is currently the fifth largest banking group in the UK,
operating in England and Wales as Lloyds TSB; and in Scotland as
Lloyds TSB Scotland. Its other subsidiaries include the mortgage bank
Cheltenham and Gloucester; life assurance company Scottish Widows;
and finance house Black Horse.

Lloyds TSB Group’s activities are organised into three businesses: UK
Retail Banking and Mortgages, Insurance and Investments, and
Wholesale and International Banking. Lloyds TSB provides a service to
a large number of clients in a broad range of markets. Lloyds TSB’s
Triple A (Moody’s) senior debt rating was placed on review for
possible downgrade following the announcement of the organization’s
planned acquisition of HBOS.

On 17 September 2008, UK banking and insurance group HBOS confirmed
that it was in “advanced” takeover talks with Lloyds TSB about a deal
to merge. [3] These talks arose following a run on the share price of
HBOS connected with the subprime mortgage credit crisis and short
selling of shares[4]. Later in the day it was announced that Lloyds
TSB had agreed to buy HBOS for 232p per share.[5] On 18 September,
Lloyds TSB confirmed the £12.2 billion deal.[6]

http://tinyurl.com/5cddy

Capital Re
C.I.de Rougemont
In August 1997 Limit the Lloyd’s corporate investor bought a
10% stake in C.I.de Rougemont.
In October 1997 Capital Re of the US acquired C.I.de
Rougemont, the Lloyd’s of London managing agency, and merged it with
RGB, another

About Royal Rosamond Press

I am an artist, a writer, and a theologian.
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