"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) -

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

The headquarters of the Corruption Eradication Commission (KPK) in 
Jakarta. (BeritaSatu Photo)
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Wednesday, November 25, 2009

Indonesia Finance Minister Backs Bank Century Bailout

The Jakarta Globe, Dion Bisara, Muhamad Al Azhari & Camelia Pasandaran

Finance Minister Sri Mulyani at a news conference in Jakarta on Tuesday. (Photo: Puspa Perwitasari, Antara)

Government officials fingered by the Supreme Audit Agency as being responsible for alleged irregularities in the bailout of ailing PT Bank Century maintained on Tuesday that without the Rp 6.7 trillion ($710 million) rescue, the bank’s collapse could have ruined the country’s financial system.

In a report of its probe into the November 2008 bailout submitted to the House of Representatives on Monday, the audit agency, also known as the BPK, said that as much as 40 percent of the bailout was effectively illegal and the decision to disburse the money had been subjective and not based on measurable criteria.

Finance Minister Sri Mulyani Indrawati, who led the committee that determined that Century needed help, said the bailout was “legal” and failure to act might have “burned” the nation’s finance sector.

She said that without the rescue, the country’s banking industry could have faced the threat of a liquidity crisis in light of the global financial meltdown.

Sri Mulyani also justified Bank Indonesia’s analysis that defined Century as a “failing bank that poses a systemic threat,” saying that BI data showed that 23 banks of a similar size or smaller and a number of regional banks were also suffering liquidity problems at the time of the rescue.

BPK Chairman Hadi Purnomo said the move to label Century as a failing bank that posed a systemic threat to the country’s financial system was not based on solid criteria, but on quick “subjective” judgments.

Sri Mulyani said that despite reservations about how former Century shareholder, and now convicted criminal, Robert Tantular ran the bank, Century still needed to be rescued.

“Suppose we know a house owner who is a drunkard and a criminal who annoys everyone around him. When his house catches fire, we cannot just sit and enjoy his suffering. Because it’s in our interest to ensure the fire does not spread to other houses around his,” she argued.

But the minister also vowed to support a planned inquiry by the House of Representatives into the controversial bailout.

The government initially injected Rp 1 trillion to boost liquidity at Century after the Indonesia Deposit Insurance Corporation seized it on Nov. 21 last year, eight days after the lender failed to meet a Rp 5 billion obligation on time. The bank has since received Rp 6.7 trillion in funds, prompting lawmakers to demand an inquiry into the bailout, which was far more than what they had approved.

“We fully support the House in conducting the inquiry, considering it will help to answer all questions, put the Bank Century case in the right place and make clear the results of investigative audits by the BPK as well as the accountability of the decisions that had been made,” Sri Mulyani said.

Vice President Boediono, who was central bank governor at the time of the bailout, said that he still needed time to study the BPK report, which he received late on Monday evening.

He promised to give “as complete an explanation as possible,” after having studied the report. “I have a feeling that we can explain well and show that what had been done in the time of crisis was really appropriate under the conditions.”

The BPK also said BI gave the state inaccurate information about Century’s finances in the critical days last November when the decision was made to save it.

Darmin Nasution, the central bank’s acting governor, denied the claim that BI had given out-of- date data to inform the bailout decision.

“It is normal” for banking data to be processed for some time before it is given out, he said.

On the Record: Responses to BPK

BPK: The BPK [Supreme Audit Agency] assumed that Bank Indonesia made a revision of the capital adequacy ratio regulation to allow ailing Bank Century to access the central bank’s liquidity facility.

Darmin Nasution (Bank Indonesia acting governor): BI made the revision to reduce the effects of the global financial crisis on domestic banks.

BPK: Bank Indonesia did not give real, sufficient and up-to-date information on Bank Century to the Financial System Stability Committee [KSSK] on Nov. 20 [2008] — information that was used to decide whether the bank posed a systemic risk.

Darmin: Data provided to the KSSK was the latest available data at the time. It was data about the bank’s condition on Sept. 31 and the bank’s capital adequacy on Oct. 31. It takes time to gather information from 65 Bank Century branches.

BPK: Bank Indonesia and the KSSK did not have a measured criteria to say that Century posed a systemic risk.

Sri Mulyani: The KSSK made the decisions based on three main considerations: the decision was legal by law, it was made under the scope of our authority, it would have the most benefit [to the bank and the country] and [the decision] was accountable.

PK: The KSSK decision that declared Century a failed bank that posed a systemic risk violated the law because it did not mention the amount that should be paid by the Indonesia Deposit Insurance Corporation [LPS] to bail out the bank.

Sri Mulyani: Principally, there are no laws that explicitly state that the KSSK has to mention the bailout cost.

BPK: The capital injected into Century after Dec. 18, 2008, had no legal base since an emergency 2008 regulation on the Financial System Safety Net had not been approved by the House of Representatives.

Sri Mulyani: Under the LPS law, the LPS can inject as much funds are necessary into a supervised bank to ensure the bank’s capital adequacy and liquidity flow, without further approval from the KSSK.

Related Articles:

Constitutional Court Clears Way For Bibit and Chandra to Return to KPK

AGO, police to follow President’s request: Palace

Across Indonesia, Thousands Protest Corruption Cases

No comments: