Quote:Growing unease in senior French political circles about ‘Laffaire FOATs’ is supported by The Slog’s expose below. It shows that bond futures market-maker Morgan Stanley has a clear, vested interest in using the new sector – which will launch on April 16th – to France’s grave disadvantage. And it delves into some of the more intriguing facts that lie behind the French Left’s suspicions of a Sarkozyist involvolvement in the launch of the country’s new FOAT market.
Yesterday, The Slog posted a special ‘bollocks’ header which quoted French President Nicolas Sarkozy as telling the French electorate that the only alternative to him would be “a financial disaster”. I was amused by the underlying assumption behind Sarko’s claim, viz, that France wasn’t already in the poo. But a Gallic Slogger has pointed me at an intriguing story that has Sarkozy’s opponents genuinely worried.
There exists a French word, ‘attentat’. Difficult to translate exactly, but generally it means ‘a dastardly attack’ – usually in relation to a ‘hit’ via assassination or bomb. However, as the French elections draw ever closer – and Nicolas Sarkozy stares down the barrel of defeat - a growing number of observers in France are beginning to sense what they see as a coming ‘attentat financier’.
The thing we need to get at here (as always in today’s world) is, what’s going on? Is it just more trader madness and greed? Or is it a dastardly scorched-earth attack on the coming Presidency of Francois Hollande…by Sarko and his allies in the globalist elite?...http://hat4uk.wordpress.com/2012/04/13/s...bombshell/
Quote:What Morgan Stanley hopes to create after April 16th is the perfect hedge for itself: squillions of money betting on French collapse playing off similar squillions exposed to that collapse. So those French politicians publicly suspicious of the danger to France are right on the money: this is classic Wall Street double-dealing at its worst…the sort of client conflict that made Goldman Sachs infamous.
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