Ellenbogen und Solidarität

 

“Elbows and solidarity,” this year’s Hessian S.P.D. candidate’s description of how his party will fight to win the Hessian state election occurring simultaneously with the federal Bundestag parliamentary election on 22 Sep 2013. The C.D.U. manages to win the state of Hesse rather consistently.

(Ellen BO gen   oont    zoh lee dar ee TATE.)

Inländische Steueroasen

“Domestic tax oases” inside a country. The head of the largest opposition party to Chancellor Merkel’s government coalition has accused the states of Bavaria and Hesse of acting like tax paradises within Germany by hiring low numbers of tax officials, reducing tax auditing frequencies and bruiting that about in order to attract businesses. It’s probably no coincidence that Bavaria and Hesse recently filed a lawsuit seeking to break the decades-old post-WWII reconstruction “solidarity pact” in which German states that are doing well financially pay money to German states that are not.

US state Delaware was mentioned in a “Planet Money”-style ZDF report that said it has very low taxes, very business-friendly courts, 800,000 inhabitants and 900,000 companies and is where most of the world’s firms “organize their America business.”

(E’en LEND isch ah   SHTOY er oh OZ en.)

DeuBa

Syllabbreviation for the Deutsche Bank. Whose co-chief, Jürgen Fitschen, has apologized for phoning Hessian governor Volker Bouffier (CDU) after the Frankfurt district attorney’s 500-man razzia on 12/12 (but before the Munich district attorney’s 10-man razzia on 12/20, the latest Leo Kirch-related search of DeuBa premises) to complain that the Frankfurt district attorney’s 500-man razzia may have damaged the Deutsche Bank’s image. Fitschen’s phone call has been roundly condemned by German politicians in a [2011 Anglicism of the Year].

One expert has speculated that Fitschen fell on his sword so that duarch Anshu Jain can remain unfired. I’m wondering how the press learned about the phone call.

Süddeutsche Zeitung journalist Klaus Ott said the Deutsche Bank was warned by the Frankfurt D.A. last summer. “There was a sort of yellow card, a dark-yellow card, half a year ago, and the Deutsche Bank knew that if they didn’t cooperate there would be a search.”

Update on 03 Apr 2014: A blogger reviewing Michael Lewis’s new book on high-frequency trading mentioned an interesting relationship between the Securities and Exchange Commission, Deutsche Bank and the global financial crisis of 2008:

“The SEC’s head of enforcement, Robert Khuzami, was general counsel for the Americas for Deutsche Bank from 2004 to 2009. And who did Lewis reveal to be one of the biggest instigators of the subprime short and related CDO sales? Gregg Lippmann of Deutsche Bank, patient zero of this strategy. Any serious investigation of CDO malfeasance would implicate Khuzami.”
—Yves Smith

(Doy! Bah!)

Bouffier

The slightly creepy governor of Hesse, which includes the financial metropole Frankfurt am Main. The guy he replaced, Roland Koch, was also slightly creepy.

Bouffier it turns out was Hesse’s interior minister when the bank-robbing neonazi serial killers shot someone with an immigrant background in Kassel in 2006. Bouffier forbade direct interrogation of any V-people in the matter, even though a V-man of the Hessian Verfassungsschutz happened to be sitting in the café at the time of the murder.

Update on 02 Oct 2013: The “V-man” in question, Andreas T., was not a “Vertrauensmann” or police snitch being “run” and paid by the Hessian Verfassungsschutz but was in fact a Verfassungsschutz official who worked for that domestic intelligence agency. This week he testified at the Munich trial of the surviving neonazi terrorist cell member. He, and two other customers who were there when café operator Halit Yozgat was shot, said they didn’t hear the sound of the shot or thought a computer had been dropped in the next room. The Verfassungsschutz official walked out of the café without noticing or helping the dying man. At the neonazi’s trial, Halit’s father described how he found his son lying on the floor and held him as he died.

After the murder was announced in the news, Andreas T. still didn’t report in that he’d been at the café when it happened. In his trial testimony, he said this was because he’d been flirting with several women online while his wife was pregnant. For years, Kassel police suspected the victim’s family and friends of having committed the murder. Now German voters suspect state and federal police and/or spies of a cover-up, because their actions taken together made it look like that might be a possibility.

(Boof yay.)

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