DSK AND DIPLOMATIC IMMUNITY

In the civil case Diallo vs DSK, the Judge has received a claim from the lawyers of DSK stating that he was covered by "diplomatic immunity" at the time of the alleged attempted rape. 

When the accusation of attempted rape was being investigated by the NY prosecutor, the case did not reach court because Ms Diallo was judged to be an unreliable witness. This did not mean that DSK was innocent. There was important medical evidence which should have been explained in court.

During the criminal procedure DSK did not utter a word except to confirm that there was mutual consent to what happened.  Now in the civil case he pleads "diplomatic immunity" through his lawyers.

With this questionable immunity he again wants to escape questions in court.

Everyone in France is now patiently awaiting to-morrow, Thursday, when  DSK, on return from his holiday in Morrocco will be confronted with Tristane Banon who has accused him of attempted rape in 2003.

How will he plead to escape this time ? 

THE GREEK AND SACRED EURO SOLUTION

No Official Communiqué has been published by EU political leaders. However, in European Newspapers comments of an informed nature have been made on what seem to be "official leaks" of the intended solution for the Greek and Euro crisis.


To summarise this very simply;


1)  Greece will not leave the Euro and then declare itself Bankrupt.
2)  To protect the EURO a stability fund will be created of more than 1 Trillion Euros (Trillion, not Billions).
3)  EU banks will write-off a certain percentage of the Greek debt they hold. How the banks will be compensated remains to be specified.


There is now much speculation as to how the intentions of the EU politicians can be legally realized.  It goes without saying that the Lisbon Treaty does not confer on EU policians the right to do whatever they want, particularly when now we are talking about guarantees of more than one trillion Euros. They need the authority of local EU parliaments.


Likewise it would seem that the EU has realized that Greece cannot repay all its borrowings.  Only one part of the Greek problem has been covered by writing-off a percentage of their debts with the EU banks.  There are other creditors not in the EU !!!  By side-stepping a Greek bankruptcy, which would have lead to the readoption of the old drachma and then a devaluation, Greece has been denied the chance to make its industries competitive internationally.

Many problems will certainly have to be ironed out before these current intentions will become law.  Not least is the necessity to redraft the Treaty of Lisbon, which when done, must this time be adopted by a vote in all countries of the EU.  The way the current Treaty of Lisbon was adopted and made law, was politically incorrect and scandalous.

UBS CRIES OVER ROGUE TRADING LOSS

UBS has reported an exceptional loss of 2.3 billion dollars incurred by Kweku Adoboli, a trader it employed in its London office.  This is not the first time, and it will certainly not be the last time either, that a big Bank incurrs heavy losses like this.


UBS engaged the trader to make profits, but the loss he incurred, was it not because the UBS control system was not water-tight and this meant that the trader was not stopped earlier in his tracks ?  Any businessman knows that he must ensure complete control over cash takings and have a stock control system to avoid theft or losses.

If the trader was fraudulent and enriching himself  and/or his friends, he must be prosecuted and punished, this is quite clear.  If however he made honest mistakes and then doubled his "bets" on the stock exchanges in an effort to recover his losses, and the internal control system of UBS did not promptly reveal what was happening, who is to blame ?  UBS or the trader ? 


What makes me smile is that traders are handsomely paid to make profits.  True, they are not paid to make losses but banks never talk about the huge profits traders can and do make !!!

Banks and other companies always talk about the pre-tax losses whereas the after-tax effect is much lower !!!  If one deducts the tax effect on the loss and the after tax effect of the non payment of bonuses to directors and others, the true net loss is not 2.3 billion dollars but much less !!!  Let us not forget that normally a pre-tax loss in any accounting year can be carried forward and set off against future profits !!!

Crying crocodile tears on pre-tax losses could unnecessarily frighten smaller investors on stock exchanges and have undesired effects on the price of the bank's share price.  Better and more honest reporting must be encouraged.

DSK TRAPPED BY LYING WOMEN

A prime-time interview by Claire Chazal of DSK, watched by 14.2 million viewers scotched to their television screens, left many dubious, disappointed and unconvinced by his explanations.


Some viewers had the impression that the interview had been rehearsed many times.  The questions were very direct and to the point and DSK never flinched or had the slightest hesitation or embarrassement in replying.  At key moments we saw video clips which added reality to what DSK was saying. 


DSK has a very supportive wife in Anne Sinclair !!!  She is still a close friend of Claire Chazal because they both worked as presenters on the TF 1 television chain.


When DSK replied to questions he frequently waved and referred to the 21 page report he had in his hands produced by the NY prosecutor, Cyrus Vance.  This report can be consulted on the internet.  DSK stated that he was innocent because what happened in the Sofitel Hotelroom was consensual. No price had been fixed for sex or sexual services.

When DSK commented on the report of Cyrus Vance he was very one sided.  He said the report stated that Ms Diallo had lied on everything, including on the facts.  This is not true.  

The report produced by Cyrus Vance states that the allegations of rape by Nafissatou Diallo against DSK were dropped, because Ms Diallo had frequently lied and she was therefore an unreliable witness. She lied when she made her application to immigrate into the USA  many years ago and when she was questioned by Cyrus Vance, she gave contradictory versions of events after she had left Room 2806.  

It is difficult for non-Americans to understand why the medical evidence was not taken into account; (Read the article in this blog dated 22/8/2011 entitled "Strauss-Kahn and USA Justice").  This important evidence will certainly be presented when the Civil case which the lawyers of Ms Diallo have filed, is heard.

Likewise, a second civil case, in France this time, has been filed by Ms Banon who alleges sexual aggression by DSK in 2003.  This he has denied as being a  figment of her imagination !!!  One must await the publication of all the details. 

Conversations in France often highlight the solid and staunch support DSK has received throughout this traumatic period since mid-May from his wife, Anne Sinclair.  He did not merit this, but some say that she should have kept a closer watch on what her husband was getting up to !!! She must have known !!! His reputation in France is legion !!!

DSK realises now that he has thrown away the unique, golden chance he had of perhaps becoming the President of France next year but he was not very contrite on the television last night.  We can only wait to see what happens in the two civil cases awaiting him in NY and in Paris.     






       

DSK s'explique!

Ce soir sur TF1 DSK s'est exprimé pour la première fois depuis l affaire du SOFITEL! et avec l'aide de ses communiquants, il a l'art de brouiller les pistes: bien sûr il est innocent,de quoi il ne le précise pas...il renvoie au rapport du procureur qui a pourtant détaillé et établi la véracité du" rapport sexuel précipité "entre DSK et naffissatou Diallo.
Certes il concède "pas seulement une faiblesse mais une faute morale".
Il a "réfléchi depuis quatre mois "et dit" avoir perdu sa légereté pour toujours"...
Il dit avoir vécu des choses violentes ...
Pense-t-il une seconde à ce qu'a pu ressentir madame Diallo  et à l'humiliation qu'elle a endurée ?
Les explications de DSK auront sans doute donné la nausée à nombres de femmes...

EURO DEBT CRISIS SCANDAL

The inability of Greece to avoid spending more than its income is a perfect example of what normally happens next. Bankruptcy is the normal result !!!

Every businessman, every shopkeeper, every head of the household knows he will lose everything if he cannot pay his creditors.

EU politicians, alas, are a race apart.  They have visions of a future which will be much better than the present.  It is a single currency Europe which will become a federal state, probably called "The United States of Europe" (USE).

For this reason Greece was saved from bankruptcy and prevented from abandoning the SACRED EURO.  EU politicians agreed to lend Greece 110 billion euros to give Greece the time to get its house in order.  One year later Greece required another 110 billion euros !!!

It would appear that the requested money was promised, but in fact the payment has been withheld because EU politicians are bickering amongst themselves.  No one seems to know exactly what the real problem is.  Speculation is rife !!!  One can imagine that there are numerous international telephone calls !!!  There are no official communiquées.

Speculation seems to be that leaders have realized that the current EU treaty must be revised completely before the "USE" can be proposed.  This of course would take time.  With this in mind, it would perhaps be best if Greece is allowed temporarily to abandon the EURO and in this way get its house in order !!!  

This would be an admission that it was wrong last year to have given Greece a loan of 110 billion Euros which must be considered a total loss. Stopping the payment of the second 110 billion would save money and would be better for the health of the EURO !!!

  

FRENCH SOCIALIST PRIMARIES, BUT NO DSK !!!

The selection procedure, to determine who will ultimately be sponsored by the Socialist Party to be its official candidate in the 2012 French Presidential Election, began last night on the television. There were 5 million avid viewers.

 The following six people are candidates:

1) François Hollande     (aged 57)
2) Martine Aubry            (aged 61)
3) Ségolène Royal          (aged 58)
4) Arnaud Montebourg  (aged 49)
5) Manuel Valls               (aged 49)
6) Jean-Michel Baylet    (aged 65)

It should be noted that the former leading favourite to become the official candidate of the Socialist Party, Dominique Strauss-Kahn (DSK) is missing from the above list.  Even though all criminal charges against him of attempted rape in New York have been dropped, his ongoing legal problems have definitely ended his Presidential hopes.

On the television last night his name was only referred to once, but on the other hand every candidate had a least one vehement reproach for Nicholas Sarkozy, the outgoing President.  Each candidate made sure that voters understood that he must be replaced by a Socialist !!! 

Replaced by a Socialist is the key message, because there is another party, The National Front, led by Marine Le Pen. She has had very competitive opinion poll ratings which   remind the Socialists of what happened in 2002 when her father Jean-Marie Le Pen unexpectedly beat the former Prime Minister Lionel Jospin. However Jacques Chirac was re-elected for a second term.

There are no really creditable Opinion Polls of the popularity of the candidates available at present.  The order of the candidates listed above reflects an impartial impression.  To be more precise Hollande 35%, Aubry 30%, Royal 25% and 10% for the last three candidates.  

The real political debates will now start in earnest, they will be heated and feathers will fly !!!  Mistakes will be made which always happens in all elections !!!  There could even be some stabs in the back or some horsetrading. Sarkozy will be murdered on the way, but he will not die !!!
He will probably be waiting to confront the winner, perhaps even to murder him by being re-elected !!! 

On October 9 voting will take place and four candidates will be eliminated. One week later, on October 16 a run-off will take place to determine the name of the Official Socialist candidate.