Sadly when a liberal or progressive doesn’t get their way they throw a temper tantrum and pout — they need corner time since they apparently never got out of kindergarten mentally.
Tag Archives: Political Corruption
Student under fire for recording professor’s anti-Trump rant
well is she is a progressive, which appears that she is, then they have been programed to think a certain way and can not be re programed — they will be idiots until the day they die.
McCain Can’t Complete Thoughts, Sentences But Trust Him, Putin Is Evil
McCain needed to retire a long time ago!
KOMMONSENTSJANE – THIS WASN’T AN ELECTION – IT WAS A REVOLUTION
December 1, 2016 Well Written…worth reading – RE: 2016 Election Dear All, Worth the read because it’s what happened on November 8, 2016 and we are not done. Daniel Greenfield, a Shillm…
Source: KOMMONSENTSJANE – THIS WASN’T AN ELECTION – IT WAS A REVOLUTION
KOMMONSENTSJANE – MERRY TRUMPMAS TO SORE LOSERS
A Poem: Merry Trumpmas to Sore Losers (Especially the Media) By: John Nolte, December 1, 2016 First off, my thanks to Ben and Jeremy for such a kind welcome. It is wonderful to be an official part …
Trump Secretary of State Rex Tillerson Tied to Russia: Media Firestorm Ensues
Russia produces oil and gas. Why wouldn’t the head of Exxon have his company doing business with Russia? And Mexico? And so on. Another media smear job focusing on the “Trump is a Russi…
Source: Trump Secretary of State Rex Tillerson Tied to Russia: Media Firestorm Ensues
Senate Quietly Passes The “Countering Disinformation And Propaganda Act”
While we wait to see if and when the Senate will pass (and president will sign) Bill “H.R. 6393, Intelligence Authorization Act for Fiscal Year 2017″, which was passed by the House at the end of November with an overwhelming majority and which seeks to crack down on websites suspected of conducting Russian propaganda and calling for the US government to “counter active measures by Russia to exert covert influence … carried out in coordination with, or at the behest of, political leaders or the security services of the Russian Federation and the role of the Russian Federation has been hidden or not acknowledged publicly,” another, perhaps even more dangerous and limiting to civil rights and freedom of speech bill passed on December 8.
Recall that as we reported in early June, “a bill to implement the U.S.’ very own de facto Ministry of Truth has been quietly introduced in Congress. As with any legislation attempting to dodge the public spotlight the Countering Foreign Propaganda and Disinformation Act of 2016 marks a further curtailment of press freedom and another avenue to stultify avenues of accurate information. Introduced by Congressmen Adam Kinzinger and Ted Lieu, H.R. 5181 seeks a “whole-government approach without the bureaucratic restrictions” to counter “foreign disinformation and manipulation,” which they believe threaten the world’s “security and stability.”
Also called the Countering Information Warfare Act of 2016 (S. 2692), when introduced in March by Sen. Rob Portman, the legislation represents a dramatic return to Cold War-era government propaganda battles. “These countries spend vast sums of money on advanced broadcast and digital media capabilities, targeted campaigns, funding of foreign political movements, and other efforts to influence key audiences and populations,” Portman explained, adding that while the U.S. spends a relatively small amount on its Voice of America, the Kremlin provides enormous funding for its news organization, RT.“Surprisingly,”
Portman continued, “there is currently no single U.S. governmental agency or department charged with the national level development, integration and synchronization of whole-of-government strategies to counter foreign propaganda and disinformation.”
Long before the “fake news” meme became a daily topic of extensive conversation on wuch mainstream fake news portals as CNN and WaPo, H.R. 5181 would rask the Secretary of State with coordinating the Secretary of Defense, the Director of National Intelligence, and the Broadcasting Board of Governors to “establish a Center for Information Analysis and Response,” which will pinpoint sources of disinformation, analyze data, and — in true dystopic manner — ‘develop and disseminate’ “fact-based narratives” to counter effrontery propaganda.
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Fast forward to this past Thursday, December 8, when the “Countering Disinformation and Propaganda Act” passed in the Senate, quietly inserted inside the 2017 National Defense Authorization Act (NDAA) Conference Report.
Here is the full statement issued by the generously funded Senator Rob Portman (R- Ohio) on the passage of a bill that further chips away at press liberties in the US, and which sets the stage for future which hunts and website shutdowns, purely as a result of an accusation that any one media outlet or site is considered as a source of “disinformation and propaganda” and is shut down by the government.
Senate Passes Major Portman-Murphy Counter-Propaganda Bill as Part of NDAA
Portman/Murphy Bill Promotes Coordinated Strategy to Defend America, Allies Against Propaganda and Disinformation from Russia, China & Others
U.S. Senators Rob Portman (R-OH) and Chris Murphy (D-CT) today announced that their Countering Disinformation and Propaganda Act – legislation designed to help American allies counter foreign government propaganda from Russia, China, and other nations – has passed the Senate as part of the FY 2017 National Defense Authorization Act (NDAA) Conference Report. The bipartisan bill, which was introduced by Senators Portman and Murphy in March, will improve the ability of the United States to counter foreign propaganda and disinformation by establishing an interagency center housed at the State Department to coordinate and synchronize counter-propaganda efforts throughout the U.S. government. To support these efforts, the bill also creates a grant program for NGOs, think tanks, civil society and other experts outside government who are engaged in counter-propaganda related work. This will better leverage existing expertise and empower local communities to defend themselves from foreign manipulation.
“The passage of this bill in the Senate today takes us one critical step closer to effectively confronting the extensive, and destabilizing, foreign propaganda and disinformation operations being waged against us. While the propaganda and disinformation threat has grown, the U.S. government has been asleep at the wheel. Today we are finally signaling that enough is enough; the United States will no longer sit on the sidelines. We are going to confront this threat head-on,” said Senator Portman. “With the help of this bipartisan bill, the disinformation and propaganda used against our allies and our interests will fail.”
“Congress has taken a big step in fighting back against fake news and propaganda from countries like Russia. When the president signs this bill into law, the United States will finally have a dedicated set of tools and resources to confront our adversaries’ widespread efforts to spread false narratives that undermine democratic institutions and compromise America’s foreign policy goals,” said Murphy. “I’m proud of what Senator Portman and I accomplished here because it’s long past time for the U.S. to get off the sidelines and confront these growing threats.”
NOTE: The bipartisan Countering Disinformation and Propaganda Act is organized around two main priorities to help achieve the goal of combatting the constantly evolving threat of foreign disinformation. They are as follows:
- The first priority is developing a whole-of-government strategy for countering foreign propaganda and disinformation. The bill would increase the authority, resources, and mandate of the Global Engagement Center to include state actors like Russia and China in addition to violent extremists. The Center will be led by the State Department, but with the active senior level participation of the Department of Defense, USAID, the Broadcasting Board of Governors, the Intelligence Community, and other relevant agencies. The Center will develop, integrate, and synchronize whole-of-government initiatives to expose and counter foreign disinformation operations and proactively advance fact-based narratives that support U.S. allies and interests.
- Second, the legislation seeks to leverage expertise from outside government to create more adaptive and responsive U.S. strategy options. The legislation establishes a fund to help train local journalists and provide grants and contracts to NGOs, civil society organizations, think tanks, private sector companies, media organizations, and other experts outside the U.S. government with experience in identifying and analyzing the latest trends in foreign government disinformation techniques. This fund will complement and support the Center’s role by integrating capabilities and expertise available outside the U.S. government into the strategy-making process. It will also empower a decentralized network of private sector experts and integrate their expertise into the strategy-making process.
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In other words, the Act will i) greenlight the government to crack down with impunity against any media property it deems “propaganda”, and ii) provide substantial amounts of money fund an army of “local journalist” counterpropaganda, to make sure the government’s own fake news drowns that of the still free “fringes.”
So while packaged politely in a veneer of “countering disinformation and propaganda”, the bill, once signed by Obama, will effectively give the government a full mandate to punish, shut down or otherwise prosecute, any website it deems offensive and a source of “foreign government propaganda from Russia, China or other nations.” And since there is no formal way of proving whether or not there is indeed a foreign propaganda sponsor, all that will be sufficient to eliminate any “dissenting” website, will be the government’s word against that of the website. One can be confident that the US government will almost certainly prevail in every single time.
Former UK Ambassador Blasts “CIA’s Blatant Lies”, Shows “A Little Simple Logic Destroys Their Claims”
I have watched incredulous as the CIA’s blatant lie has grown and grown as a media story – blatant because the CIA has made no attempt whatsoever to substantiate it. There is no Russian involvement in the leaks of emails showing Clinton’s corruption. Yes this rubbish has been the lead today in the Washington Post in the US and the Guardian here, and was the lead item on the BBC main news. I suspect it is leading the American broadcasts also.
A little simple logic demolishes the CIA’s claims. The CIA claim they “know the individuals” involved. Yet under Obama the USA has been absolutely ruthless in its persecution of whistleblowers, and its pursuit of foreign hackers through extradition. We are supposed to believe that in the most vital instance imaginable, an attempt by a foreign power to destabilise a US election, even though the CIA knows who the individuals are, nobody is going to be arrested or extradited, or (if in Russia) made subject to yet more banking and other restrictions against Russian individuals? Plainly it stinks. The anonymous source claims of “We know who it was, it was the Russians” are beneath contempt.
As Julian Assange has made crystal clear, the leaks did not come from the Russians. As I have explained countless times, they are not hacks, they are insider leaks – there is a major difference between the two. And it should be said again and again, that if Hillary Clinton had not connived with the DNC to fix the primary schedule to disadvantage Bernie, if she had not received advance notice of live debate questions to use against Bernie, if she had not accepted massive donations to the Clinton foundation and family members in return for foreign policy influence, if she had not failed to distance herself from some very weird and troubling people, then none of this would have happened.
I had a call from a Guardian journalist this afternoon. The astonishing result was that for three hours, an article was accessible through the Guardian front page which actually included the truth among the CIA hype:
The Kremlin has rejected the hacking accusations, while the WikiLeaks founder Julian Assange has previously said the DNC leaks were not linked to Russia. A second senior official cited by the Washington Post conceded that intelligence agencies did not have specific proof that the Kremlin was “directing” the hackers, who were said to be one step removed from the Russian government.Craig Murray, the former UK ambassador to Uzbekistan, who is a close associate of Assange, called the CIA claims “bullshit”, adding: “They are absolutely making it up.”
“I know who leaked them,” Murray said. “I’ve met the person who leaked them, and they are certainly not Russian and it’s an insider. It’s a leak, not a hack; the two are different things.
“If what the CIA are saying is true, and the CIA’s statement refers to people who are known to be linked to the Russian state, they would have arrested someone if it was someone inside the United States.
“America has not been shy about arresting whistleblowers and it’s not been shy about extraditing hackers. They plainly have no knowledge whatsoever.”
But only three hours. While the article was not taken down, the home page links to it vanished and it was replaced by a ludicrous one repeating the mad CIA allegations against Russia and now claiming – incredibly – that the CIA believe the FBI is deliberately blocking the information on Russian collusion. Presumably this totally nutty theory, that Putin is somehow now controlling the FBI, is meant to answer my obvious objection that, if the CIA know who it is, why haven’t they arrested somebody. That bit of course would be the job of the FBI, who those desperate to annul the election now wish us to believe are the KGB.
It is terrible that the prime conduit for this paranoid nonsense is a once great newspaper, the Washington Post, which far from investigating executive power, now is a sounding board for totally evidence free anonymous source briefing of utter bullshit from the executive.
In the UK, one single article sums up the total abnegation of all journalistic standards. The truly execrable Jonathan Freedland of the Guardian writes “Few credible sources doubt that Russia was behind the hacking of internal Democratic party emails, whose release by Julian Assange was timed to cause maximum pain to Hillary Clinton and pleasure for Trump.” Does he produce any evidence at all for this assertion? No, none whatsoever. What does a journalist mean by a “credible source”? Well, any journalist worth their salt in considering the credibility of a source will first consider access. Do they credibly have access to the information they claim to have?
Now both Julian Assange and I have stated definitively the leak does not come from Russia. Do we credibly have access? Yes, very obviously. Very, very few people can be said to definitely have access to the source of the leak. The people saying it is not Russia are those who do have access. After access, you consider truthfulness. Do Julian Assange and I have a reputation for truthfulness? Well in 10 years not one of the tens of thousands of documents WikiLeaks has released has had its authenticity successfully challenged. As for me, I have a reputation for inconvenient truth telling.
Contrast this to the “credible sources” Freedland relies on. What access do they have to the whistleblower? Zero. They have not the faintest idea who the whistleblower is. Otherwise they would have arrested them. What reputation do they have for truthfulness? It’s the Clinton gang and the US government, for goodness sake.
In fact, the sources any serious journalist would view as “credible” give the opposite answer to the one Freedland wants. But in what passes for Freedland’s mind, “credible” is 100% synonymous with “establishment”. When he says “credible sources” he means “establishment sources”. That is the truth of the “fake news” meme. You are not to read anything unless it is officially approved by the elite and their disgusting, crawling whores of stenographers like Freedland.
The worst thing about all this is that it is aimed at promoting further conflict with Russia. This puts everyone in danger for the sake of more profits for the arms and security industries – including of course bigger budgets for the CIA. As thankfully the four year agony of Aleppo comes swiftly to a close today, the Saudi and US armed and trained ISIS forces counter by moving to retake Palmyra. This game kills people, on a massive scale, and goes on and on.
Judge Jeanine Slams “Namby Pamby Pathetic Losers”, Asks Obama “Why Are You Obsessed WIth Russia?”
Saturday on “Justice”, Judge Jeanine Pirro responded to President Obama’s order that US intelligence agencies investigate Russian interference in the 2016 election, and submit the results of their studies to him before he leaves office in January.
“Seriously? Why Now?” Pirro said, ” You have been watching the release of information from WikiLeaks for months. You have watched teh release of Hillary Clintons emails [and ] John Podesta’s emails, and the disturbing information contained therein.”Pirro said Obama’s order is an attempt to prevent President-elect Donald Trump from experiencing a smooth transition of power, due to the president’s inability to process the New York businessman’s electoral victory.
“Why are you so obsessed with Russia? You, who cut a deal and were made a fool of by… Iran– you know the one that funds Hezbollah and Hamas and whose people yell ‘Death to America’.”
Pirro noted Hillary too has blamed Moscow for interfering in the election, and said leading Democrats’ narratives have been part of an effort to “build a wall” to prevent Trump from “making America great again”.
“I despise all dictators, but between the dictator that thinks I’m an infidel and [wants to] have our heads cut off and the dictator from whom I simply want to keep my distance… the choice is a no-brainer,” she said.
Full Transcript:
LOOK IT’S TIME TO TAKE SIDES…THE ELECTION IS OVER – YOU’RE EITHER WITH US OR AGAINST US. THAT IS… WITH THE UNITED STATES OR AGAINST THE UNITED STATES.
WE HAVE A NEW PRESIDENT ELECT…. HIS NAME IS DONALD J TRUMP. SO MOVE OVER BARACK,
MOVE OVER HILLARY, HARRY, JILL AND ALL YOU NAMBY PAMBY PATHETIC LOSERS STILL CRYING IN YOUR GRANDE DOUBLE SHOT SKINNY LATTES.
THERE WAS A TIME IN THIS COUNTRY WHEN WE UNITED BEHIND THE FLAG IN CELEBRATION OF AMERICA’S NEW PRESIDENT, OUR NEW LEADER, WE ALL DID SO IN 2008 WHEN BARACK OBAMA WAS ELECTED. WE HAD HIGH HOPES FOR A UNITED COUNTRY, IRRESPECTIVE OF OUR POLITICS. AND IT’S TIME FOR THE LEFT, ASSUMING THEY ARE CAPABLE, TO SHOW THE SAME DIGNITY AND CLASS TO THE 45TH PRESIDENT-ELECT.
BUT NO… THIS WEEK THE PRESIDENT HIMSELF, BARACK OBAMA ANNOUNCES HIS INTENTION TO INVESTIGATE WHETHER RUSSIA INTERFERED WITH THE PRESIDENTIAL ELECTION, ASSIGNING OUR INTELLIGENCE AGENCIES TO CONCLUDE THE TASK BEFORE HE LEAVES OFFICE.
SERIOUSLY? WHY NOW? MR PRESIDENT YOU HAVE BEEN WATCHING THE RELEASE OF INFORMATION FROM WIKILEAKS FOR MONTHS.YOU HAVE WATCHED THE RELEASE OF HILLARY CLINTON’S EMAILS – IN FACT SOME EVEN TO YOU. YOU’VE WATCHED THE RELEASE OF JOHN PODESTAS EMAILS AND THE DISTURBING INFORMATION CONTAINED THEREIN. YOU’VE WATCHED THE DOUBLE TALKING MAINSTREAM MEDIA OUTED FOR PROVIDING QUESTIONS TO YOUR HAND PICKED SUCCESSOR HILLARY CLINTON FOR MONTHS.AND YOU NEVER SAY A WORD. BUT NOW IT FINALLY HITS YOU THAT YOUR SUCCESSOR OF CHOICE HAS NOT BEEN ELECTED… WHICH YOU YOURSELF SAID WOULD BE A PERSONAL INSULT.SO YOU DECIDE IT’S TIME TO INVESTIGATE AND THE SUSPECT IS RUSSIA.
WHY ARE YOU TALKING ABOUT THIS NOW? YOU HAD A CHANCE TO BLOCK THE HACKING AND THE INTERFERENCE, ASSUMING IT MIGHT IMPACT THE ELECTION *BEFORE* THE ELECTION. . WE HAVE THE BEST METRICS OPERATIONS IN THE WORLD. IF ALL THE WARNING SIGNS WERE THERE.. LONG BEFORE THE ELECTION AND A MONTH LATER YOU WAKE UP AND DECIDE NOT ONLY TO INVESTIGATE BUT TO INVESTIGATE RUSSIA ? USING THE SAME BOZOS, THE ONES WHO SAID SADAM HUSSEIN HAD WEAPONS OF MASS DESTRUCTION.
THIS ISN’T ABOUT THE ELECTION. IS IT MR PRESIDENT? THIS IS ABOUT DOMESTIC POLITICS. IT’S NOT ABOUT NOVEMBER 2016 , IT’S ABOUT JANUARY 2017 AND YOUR ATTEMPT TO PREVENT DONALD TRUMP FROM THE SMOOTH TRANSITION OF POWER AND YOUR INABILITY TO FACE THE OVERWHELMING ELECTORAL COLLEGE WIN THAT THE AMERICAN PEOPLE GAVE HIM. IRONIC, SINCE YOU AND YOUR WANNA BE SUCCESSOR WERE SO FIRED UP THAT HE MIGHT NOT QUIETLY ACCEPT HILLARYS SMOOTH TRANSITION OF POWER.
SO IT FITS THAT YOU SAY NOTHING ABOUT JILL STEIN’S PHONY RECOUNT NONSENSE ALSO BACKED BY MS HILLARY AND OUR WASTED TAX PAYERS DOLLARS THAT WILL PAY FOR IT AND THE DIVISION THAT ITS CREATING.
QUERY: WHY ARE YOU SO OBSESSED WITH RUSSIA? YOU… WHO CUT A DEAL AND WERE MADE A FOOL OF BY THE WORLDS LARGEST SPONSOR OF TERRORISM- IRAN. YOU KNOW THE ONE WHO FUNDS HEZBOLLAH AND HAMAS WHOSE PEOPLE YELL DEATH TO AMERICA YOU KNOW THE ONES YOU GAVE 150 BILLION DOLLARS AND SECRETELY SENT THEM ANOTHER 400 MILLION ON PALLETS IN AN UNMARKED PLANE AND WHO KNOWS HOW MUCH MORE
BUT YOU’RE OBSESSED WITH A RUSSIAN WHO AT LEAST IS A CHRISTIAN WHO HIMSELF IS OBSESSED WITH KILLING ISIS. A RUSSIAN WHOSE HAD HIS OWN PROBLEMS WITH MUSLIM TERRORISTS WHO TOLD US TWICE ABOUT THE TSARNAEV BRO – THE BOSTON BOMBER THAT YOUR ADMINISTRATION WAS TOO DUMB TO FOLLOW THROUGH ON.
AND EVEN HILLARY HATES THE RUSSIANS AND NOW WANTS TO BLAME RUSSIA FOR HER LOSS CAUSE SHE CAN’T BELIEVE THAT AMERICANS CAN SEE THROUGH HER LYING UNTRUSTWORTHY MONEY GRUBBING NON CHARITABLE CHARACTER.
AND GOOD OLD HARRY REID, ANOTHER DEMOCRAT TRUTH TELLER REMEMBER THE ONE WHO WAS ALL INTO THOSE DESERT TORTOUISES – OR AT LEAST SO HE SAID – HAVING NOTHING TO DO OF COURSE W $ AND SOLAR POWER AND HIS SON IN LAW AND THE CHINESE – IS CALLING FOR JIM COMEY TO STEP DOWN BECAUSE HE SAYS COMEY AND THE FBI KNEW THE RUSSIANS WERE HACKING INTO THE ELECTION. ??? OBVIOUSLY MR ONE EYE KNOWS MORE THAN THE FBI. THEMSELVES.
NEWSFLASH EVERYBODYS BEEN SPYING ON EVERYBODY ELSE FOR YEARS. EVEN OBAMA KNOWS ANGELA MERKELS HAIR APPTS . REMEMBER HOW ANGRY SHE WAS WHEN SHE FOUND OUT HE HAD HER EMAILS. THE DIFFERENCE IS NOW THEY DO IT BY CYBER ATTACKS
DON’T BE FOOLED BY THESE NARRATIVES. ITS ALL PART OF AN ORCHESTRATED EFFORT TO BUILD A WALL TO PREVENT DONALD TRUMP FROM MAKING AMERICA GREAT AGAIN. AND BUILDING A RELATIONSHIP WITH A COUNTRY THAT IS FIGHTING ISIS. DONT GET ME WRONG… I DESPISE ALL DICTATORS. BUT BETWEEN THE DICTATOR THAT THINKS I’M AN IFIDEL AND THEREFORE YOU AND I DESERVE TO HAVE OUR HEADS CUT OFF… AND THE DICTATOR FROM WHOM I SIMPLY WANT TO KEEP MY DISTANCE.. WHO NOW AND THEN MIGHT WARN ME OF OUR COMMON ENEMY ..THE CHOICE IS A NO BRAINER.
Monte Paschi “Scrambles” With Last Minute Capital Increase To Avoid Nationalization
Having picked a new prime minister to replace Matteo Renzi, when as reported this morning Italian president Sergio Mattarella asked Foreign Minister Paolo Gentiloni, a loyalist from Renzi’s Democratic Party, to form a new government, the chaos surrounding Italy’s political future appears to be subsiding, which as we said this morning, is welcome news for the future of Monte Paschi, as Italy’s third largest bank may once again avoid a state bailout should enough private investors turn up and inject funds into the failing financial institution, the world’s oldest.
So it comes as no surprise that, facing a third nationalization in just a few years, Bloomberg reports that Banca Monte dei Paschi di Siena plans to step up efforts to win investors for a debt-for-equity swap in the coming days, and will once again press ahead with a €5 billion capital raise to avoid a state rescue that would impose losses on bondholders and shareholders, an outcome the ECB suggested on Friday would be unavoidable absent a private sector rescue.
Bloomberg adds that the bank’s board is meeting Sunday to review a fresh offer for note holders that would allow more retail investors to participate after money managers already swapped €1.02b, although it remains unclear why more investors would take on the bank’s offer.
Following the swap, a stock sale to an anchor investor and a public share placement would follow, to complete the full capital raise.
Meanwhile, Reuters writes that Monte Paschi was “scrambling on Sunday to thrash out a last-ditch plan to raise €5 billion on the market by year-end after the European Central Bank refused to give it more time to recapitalize.” Rome is ready to intervene with an emergency decree to rescue the bank if needed, a government source said on Friday. Such an intervention would impose losses on bondholders as per European bail-in regulations.
A major wildcard is whether Qatar, long seen as an anchor investor would provide as much as €1 billion in fresh capital. Under the plan, Qatar’s sovereign wealth fund could put in another 1 billion euros, while a consortium of banks would try sell shares for the remainder in the market but without underwriting the issue, a senior banking source said.
As Monte dei Paschi’s board met on Sunday, a source close to the board said the fact that Gentiloni had been asked to form a government gave the bank confidence it could still pull off the privately funded capital raise. “There’s still time. Qatar is in the game and available to put in the amount that is being talked about,” the source said.
The Reuters source added the bank had been in contact with Consob since Friday to discuss the reopening of the debt swap, a politically sensitive move that could expose the lender and the market watchdog to accusations of bending the rules.
Some more details:
Another source said no decision would be taken before the ECB formally communicates its rejection of the bank’s request for an extension, which should happen early this week. According to the senior banker, the lender would argue that under European rules, retail investors risked losing all their money if the state had to intervene, so they would be better off converting their bonds.The bank’s fate is a political hot potato in Italy.
The Monte Paschi rescue has become a political hot potato topic: Luigi Di Maio, a leader of the anti-establishment 5-Star Movement that is ahead in opinion polls, said on Sunday the bank should be nationalized while accusing Renzi’s Democratic Party (PD) of using the crisis to rebuff calls for snap polls and justify the need for a quick, unelected government.
PD Chairman Matteo Orfini said: “The market solution is the best. Should it not succeed, the bank must be stabilized while respecting EU rules.”
That said, if indeed the flux surrounding the fate of the Italian government has been resolved, Monte Paschi may just have avoided yet another nationalization if only for the time being. As for Qatar making any return on its €1 billion investment, funds which will promptly be soaked up by even more bad debt losses, we wouldn’t hold our breath.



