From the Landtag

New investigational series from Kiel-The HSH files

Wiegard tells it to parlament? I can do better!

Absolutely no HSH credit taken!

INN-SH, Kiel, July 5th 2010 HSH Nordbank PUA
Ralf Stegner and Lothar Hay
No credit, no responsibility, partial supervisory interests and everything looked alright, as we´ve stated so often. The repetition of ignorance till our ears bleed and belief substitutes reasoning?

Totally mismatched

INN-SH, June 28th 2010 HSH Nordbank PUA
Ravi Sinha London, Representative of the Flowers Group

Up in the northern parts of Germany communication and understanding of mutual interests are hard to achieve..a three hour short trip.

Then there remained 19...

…possible HSH „small loan“ credit takers.
June 21st 2010 HSH Nordbank PUA
Minister of Finances Rainer Wiegard
says he never applied for a HSH company loan, but won´t tell whom he approved one according to German stock corporation law!
Dividend payouts on silent capital without winnings is something that he still defines as desirable to keep the investors happy (in 2008 the HSH payed dividends on silent capital of 7 mn to the HGV, 2009 another mn to the Sparkassen, although the bank faced massive losses!).
At least he confirmed that Dr. Sibylle Roggenkamp is now in charge of Hamburgs financial authorities HGV shareholder management (we reported). Naturally he tells us the reason was an increase in payment offered by Freytag and the City of Hamburg as well as the currently cancelled advantages of Christmas bonuses!
What function he assumed (HSH supervisor or financial minister) while informing Standard and Poors over hours about the solvency of the shareholder Schleswig Holstein and what information from the ministry he disclosed was not related. Wiegard merely stated that S&P was interested in fast decisions concerning tax money approval by Kiels politics.
An air of suspense makes us curious about the year 2014, where everything turns out alright, the HSH papers will once again be worth something and the country shows blooming landscapes once again…as the last bit of remaining fortune (Wiegard on the HSH) starts to gush winnings again…

For our eyes only...Freshfields

Kiel, Monday, May 31st 2010 HSH Parlamentary Investigation Committee

Dr. THOMAS EMDE (Freshfields)

After his hearing on friday in Hamburg and the accusations against departmental HSH leaders, Freshfields Dr. Thomas Emde testifies to politicians and a staggering amount of legal advisers from the HSH and it´s former CEOs. Due to HSH Lawyer stockpiling the public was locked out immediately on the grounds of "secrecy rules and privat interests".
The questions only get bigger, especially whose private interests are meant, those of the guilty?

Incapacity to testify?

Kiel, Monday, May 10th 2010 HSH Parlamentary Investigation Committee

No testimonial to assessments of the HSH balance 2007 by BDO assessors Michael Rohardt and Manfred Erlemann (BDO Deutsche Warentreuhand)!
Reasoning the all embracing right to withhold information they cancelled their questioning on short notice!
The 477 page report of the HSH shedding light on unmentioned deals that we´ve been able to access showed us several reasons why these experts decided not to say anything about their appraisal.

No objections to statutory provisions!

Deka Waas soon behind bars?

Kiel, Monday, May 3rd 2010 HSH Parlamentary Investigation Committee
No account to the case will be made by former HSH capital market executive and Deka (HSH shares 7,75%, on the governing board HSH Nonnenmacher) boss Franz Waas before a parliamentary investigation committee! Although Waas and his attorney Dr. Keller argumented the absolute right of silence for potentially accused partys, as well as the reasoning the committee would investigate wrong doings of the HSH executive committee in conjunction with the HSH disaster, the PUA did not dismiss the “witness” Waas!
PUA chairman Wilfried Wengler(CDU) informed Waas that at the moment no investigations of public prosecutors were pending against him and that he was no suspect of a criminal investigation! Further that his testimony was of significant importance, for example about a failed central portfolio Waas and Halblaub wanted to install at the HSH!
The witness Waas and his attorney were not satisfied by this reasoning; „ Things can always change! Today like this, tomorrow like that, evaluations change and not only Hamburgs public prosecutors can get active!”
Referring to the list of suspects from the HSH, attorney Keller told the PUA; “ Look at the list of investigated executives of the HSH, there are´nt many missing! First one, then two, now seven suspects!”
The threats of a coercive detention are valuated by Keller as totally uncommon, far overdrawn, the disproportional threats border on brute force! The PUA shows itself as a political instrument that goes way beyond the common laws..they will protect their rights before a court of law!

"The committee unanimously decides that Franz Waas refused the answers of the committee without legal reasoning!”

Let´s wait to see if the next chapter is called Waas behind bars or the goldened silence!

Innocent bystander of HSH supervision

Monday, April 26th 2010

RALF STEGNER

The irresponsible granting of billions of Euro state liabilities enhanced the HSHs too big to fail big business banking.
Read why another one of the responsible claims his innocence!

"2bn Flowers losses through the HSH?"

"That did´nt exactly effect the poor!"
"When Ravi took the word I listened closely! Our decision for Chris Flowers was super good!"

Financial Minister Rainer Wiegard, June 21st 2010