October 23, 2007 (LPAC)--A member of the Mob goes to the local shop, and tells the shop keeper to buy window insurance. The shop keeper, thinking it completely useless, refuses.

The next morning the shopkeeper gets to his shop and finds all his windows broken. Later in the evening the mobster comes back to his shop and asks the shop keeper if he would like life insurance with his window insurance.

Jochen Sanio, head of Germany's bank supervisory agency, BaFin, described a similar situation to the Financial Times of Germany over the weekend. He said the the so-called MLEC "Super-conduit," the proposed bailout fund which US Treasury Secretary Paulson is pushing, is a failure. "But," he added, "if German banks are asked to participate, they won't be able to refuse."

"I don't know what guests from Germany are to check in there," Sanio said, referring to the MLEC, which is being dubbed the "SIV Hotel." "But if you're invited, sometimes you have to go."

On the same subject, Hans Redeker of BNP Paribas told the Daily Telegraph, "This rescue has back-fired. The central banks don't want anything to do with it. There is a fear that the big four US banks are trying to hide their debts."

Lyndon LaRouche has dubbed the MLEC a "total fraud."