Relief | 79 comments (79 topical, editorial, 0 hidden)

Re: The banksters (4.00 / 2)

Could we start a campaign here or something: "Impeach Trichet"? Along the Central Bankers / Central Wankers line that Migeru has been insisting on? Or something like "when European Central Bankers fail, who fires them?". Which is a valid question anyway: who decides about firing Europe's central banker, and based on what criteria of success is their performance evaluated?

The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Tue Nov 23rd, 2010 at 09:58:54 AM EST
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Re: The banksters (none / 1)

Jake and I are considering a 4-pronged campaign.

Impeach Trichet
Fire Stark
Stop Weber
Draft Buiter

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

by Carrie (migeru at eurotrib dot com) on Tue Nov 23rd, 2010 at 10:02:43 AM EST
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Re: The banksters (none / 0)

Yes!

What is the institutional framework here? Who can impeach, fire, and appoint?

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Tue Nov 23rd, 2010 at 03:27:49 PM EST
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Re: The banksters (4.00 / 3)

I think appointment is by the Council, at the recommendation of the €-zone central wankers. I don't think it's possible to impeach or fire a central wanker - that's the whole point of having an "independent" (read: Dependent on courting the banksters rather than the democratically elected parliament) central bank.

But the whole point of having a constitutional crisis is to re-write the institutional relationships...

I'd suggest going after Weber. As satisfying as putting Trichet's head on a pike would be, he has only a year left as chairman of the ~~Politburo~~ ECB. So Weber and Stark are the clear and present dangers. And when the Council tells us to fuck off and die, we have a perfectly fine argument for when Weber and Stark blow up the €-zone political economy again a few years down the road: "We told the Council that this was insane, but they went and did it anyway. Clearly it is time to make the Council more receptive to democratic input and less to shady back-room deals."

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Nov 23rd, 2010 at 05:04:19 PM EST
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Re: The banksters (none / 0)

Lovely! where do I sign up?

The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Tue Nov 23rd, 2010 at 06:19:12 PM EST
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Re: The banksters (none / 0)

Does the e-mail in your sig work?

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Nov 23rd, 2010 at 06:48:10 PM EST
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Re: The banksters (none / 0)

Yep!

The road of excess leads to the palace of wisdom - William Blake

by talos (mihalis at gmail dot com) on Tue Nov 23rd, 2010 at 07:50:21 PM EST
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