Pretoriusstraat 28
squatted since feb2001
Social revolution at street level

PS28 temporarily removed from the auction (23rd January 2006)

[am*dam] PS28 temporarily removed from the auction
Sun Tzu - 23.01.2006 16:38

(Original Dutch article with links:

We were able to read on the auction website this morning that Pretoriusstraat 28 has been removed from the auction list "until further announcement". The reason for this was of course not reported but we have a deep suspicion that the party wishing to auction the house, the ING bank, has found out just how dubious the activities are which they have partly financed. There is also the fact that the local council has withdrawn (on the basis of anti-mafia law BIBOB) the building permit of the ING's mafia-esque client Joe McCarthy (the owner of PS28), a fact that has been well reported in the newspaper. And, if anybody from the upper levels of the ING bank has taken the trouble to read the letter that the Amsterdam East squatting group delivered last week, then there's hardly room left for doubt.

We have our doubts about the sincerity of the motives of the ING bank, that - as well as small, dirty underworld types such as McCarthy - finances many other dubious operations. For example, the ING Bank in the Netherlands was the place where the multinational consortium Bechtel put the money that she tried to extort from the inhabitants of the Bolivian city Cochabamba by raising the drinkingwater prices of the city's water (which had been privatised under a corrupt regime) to an unpayable level. Bechtel yielded recently, but only after endless streetbattles, with many dead, and an international campaign. The ING Bank refused to move an inch during this whole process.

The ING Bank trades not only with water in the desert, but in much more precious liquids, namely blood, and all from the comfort of their safe office chairs. In 2004 the Dutch war industry managed to strike a big deal with Indonesia for warships (and other weaponry) that will almost certainly be deployed against its own citizens. The fact the ING has lent the Indonesian regime 500 million euros for this means especially that the bank can get a good return on this investment if these weapons are deployed "profitably". Every obliterated village thus means returns!

Given the general shape of the "investment policies" of the ING, we don't think that it was moral considerations which caused the ING to remove our house from the auction, but rather a cold calculation of the (in all probability) rather low price it would receive in a public auction: which of the rogues in the auction hall would want to park his black money in a house upon which all eyes are focussed?