Vocal Voices

A train has crashed in Hoboken station in New Jersey. There are three dead and about 40 walking wounded.

So it's a crash, and there are casualties. These things happen all the time all over the world. We sometimes get to know about them, but what we do not get is the fawning, over-the-top and wall-to-wall coverage we are seeing on the BBC and Sky at the moment.

It is sickening.

French news too. Must be a slow news day, there's only one real war going on right now and that's become "boring"....

And we had Clinton and Trump trying to out do each other on the BBC and the election is still 40 days away.
And there was over 10 minutes this morning about a space station crashing into a comet.
Nothing about the German bank in trouble, and why show Obama several times at the funeral of the Isreal president?

cruiser2 wrote:Nothing about the German bank in trouble

Nope or the fact that it's not just Deutsche. Almost ALL EU banks are in trouble because they can't make money with sub zero interest rates. So when a fine comes along like the one levied on DB, nearly it's entire net worth, they have no way of paying it.

The Italian banks have been teetering on total collapse for a decade now and nothing ever gets better there. A simple change in the UK interest rate, now being questioned as the real results come in, put me out of a job because the loss of earning potential for the Bank would have made the divestment of Williams and Glyn, as a challenger bank, impossible.

The analysts are saying DB may even have to exit the US market rather than pay the fine unless the US justice department relents and reduces the fine.

It's funny isn't it that the US and UK banks carry the name for the financial crisis but the EU banks (and Swiss), were found to be deep, or deeper, into the shady side of the deals than the UK and US banks were. I know I've mentioned it before but Germany lent the PIIGS hundreds of billions, which was then, mainly, repaid to German banks to fill the €90bn hole in their finances. Germany could not have financed the banks without breaking EU laws, but they could "lend" the money to the failed countries so they could repay the German banks. The sweet point being that Germany gets interest on the money they "lent", gets all the money back and props up their totally failed banking system at the same time.

That's news worthy. But what do we get? A train crashed in New Jersey and killed 3 people....