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Italy Set To Bail Out Bank After Huge Derivatives Losses

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Board members of the Italian bank Italease were in emergency session last night amid reports that the central bank may step in following huge losses on the derivatives markets

http://www.telegraph.co.uk/money/main.jhtm.../cnitaly125.xml

1st bail out of many,

The bank has sent out margin calls to 2,200 clients in an attempt to claw back €610m paid to counterparties to stave off disaster after losses suddenly began to spiral out of control.

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Surely the EU could simply pay off all these losses.

I think the EU should also pay to replace the Ice that has melted on the North Pole, and also should pay for Planes with Dyson Vacuum cleaners attached to clear up all these nasty CO2 emmisions.

In fact, why has our Government not invented a tax on Stupidity, if they did they would make a fortune if they only included themselves in the calculations, if this could be a global tax on all Governments this tax could be used to feed the entire world, and the other 600 trillion life forms believed to be living outside of our immediate Galaxy.

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Surely the EU could simply pay off all these losses.

I think the EU should also pay to replace the Ice that has melted on the North Pole, and also should pay for Planes with Dyson Vacuum cleaners attached to clear up all these nasty CO2 emmisions.

In fact, why has our Government not invented a tax on Stupidity, if they did they would make a fortune if they only included themselves in the calculations, if this could be a global tax on all Governments this tax could be used to feed the entire world, and the other 600 trillion life forms believed to be living outside of our immediate Galaxy.

replace the ice that has melted on the north pole :lol:

come to think of it, "the greys" do look a little malnourished...

Edited by BarrelShifter

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There are currently 5.8million Scientists bugg3rring each other on the North Pole with little more to do than make up some more global warming dramas. Alistair Campell was offered the job, but was busy writing his new book having heard that recently released Harry Potter was to be the last and seeing a huge hole in the market wants to concentrate on something that would be considered productive.

Why not utililize these rescouces to better abilty.

If we bought each scientist five hundred Ice Cube trays, and then tasked them with filling them up at the waters edge and walking them to the centre of the North Pole, it would take only 6months to replenish the iceflows lost over the past 300,000 years.

In addition it would make a fine spectacle and be a testamant to mankinds ingenuity to solve complex problems.

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There are currently 5.8million Scientists bugg3rring each other on the North Pole with little more to do than make up some more global warming dramas. Alistair Campell was offered the job, but was busy writing his new book having heard that recently released Harry Potter was to be the last and seeing a huge hole in the market wants to concentrate on something that would be considered productive.

Why not utililize these rescouces to better abilty.

If we bought each scientist five hundred Ice Cube trays, and then tasked them with filling them up at the waters edge and walking them to the centre of the North Pole, it would take only 6months to replenish the iceflows lost over the past 300,000 years.

In addition it would make a fine spectacle and be a testamant to mankinds ingenuity to solve complex problems.

Have you considered putting together a little book of these anecdotes? Could be a bestseller come Christmas time. It's as good as listening to Karl Pilkington on the Ricky Gervais podcasts. :lol:

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Just look at how quick this whole thing can collapse, it will just take the onset of a 10% plus correction in the markets (they all correct together these days) and the house of cards will fall overnight because leveredge will cause a system wide margin call.

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There are currently 5.8million Scientists bugg3rring each other on the North Pole with little more to do than make up some more global warming dramas. Alistair Campell was offered the job, but was busy writing his new book having heard that recently released Harry Potter was to be the last and seeing a huge hole in the market wants to concentrate on something that would be considered productive.

Why not utililize these rescouces to better abilty.

If we bought each scientist five hundred Ice Cube trays, and then tasked them with filling them up at the waters edge and walking them to the centre of the North Pole, it would take only 6months to replenish the iceflows lost over the past 300,000 years.

In addition it would make a fine spectacle and be a testamant to mankinds ingenuity to solve complex problems.

It's no wonder all the polar bears have f*cked off. Who'd want to watch that.

There was some tw*tty scientist on the BBC yesterday who was unsure if global warming was the cause of the recent rains. He said it could be but much more analysis was needed to know for sure. I bet it is you pointless f*cker.

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Guest anorthosite
It's no wonder all the polar bears have f*cked off. Who'd want to watch that.

There was some tw*tty scientist on the BBC yesterday who was unsure if global warming was the cause of the recent rains. He said it could be but much more analysis was needed to know for sure. I bet it is you pointless f*cker.

Its not, its because of the jet stream.

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