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The corrupt fraudsters within the banks must be prosecuted.

http://www.theguardian.com/business/2014/jul/28/bank-of-england-lloyds-bailout-funding Lloyds fined £217 million over Libor rigging Lloyds Bank The bankers should be subject to criminal law the same as everyone else. It was not "the bank" which corrupted the Libor rates and made huge profit from the speculation. It was specific individuals within the banks who conspired together and committed a crime. They went on to re introduce the obscenity of awarding themselves large bonuses and at the same time, carried on receiving payouts from the British tax payers. A benefit claimant would be hounded and persecuted for wrongly claiming a few pounds in benefits and yet "the bank" can receive £ millions and nobody says a word.   These corrupt fraudsters, must be prosecuted and jailed if trust in our banks is to be restored.

The old saying is wrong. Crime does pay.

http://www.huffingtonpost.co.uk/2013/03/02/hsbc-chief-executive-stuart-gulliver-bonus_n_2797532.html?utm_hp_ref=uk    HSBC Chief Executive Stuart Gulliver To Receive '£2 Million Bonus' HSBC Chief Executive Stuart Gulliver   Almost every day, there is an announcement somewhere of banking CEO,s or other senior management, receiving huge bonus payouts. In most cases, the banks concerned have been involved in some questionable practices, or even criminal activity. In this instance, it is money laundering and mis-selling. In any other situation, the people responsible would have been charged and most likely imprisoned for such crimes. When it comes to the banks however, the people in charge take the bonus, and the corporation "takes the rap".

Not a good deal for the taxpayers.

  http://www.guardian.co.uk/business/2013/mar/01/lloyds-horta-osorio-bonus-ppi-loss#start-of-comments António Horta-Osório gets bonus even if third of taxpayer's shares are sold for considerably less than was paid for them. Lloyds boss Horta-Osório   A £570 million loss for the Bank, £1.5 million bonus for the "boss" and another huge rip off for the tax payer as this calamitous government prepare to sell off its  publicly owned shares for a pittance to their friends in the city, under the facade of "privatisation". It does not need a genius to predict that within a few months this new privatised bank will be posting record profits, the share price will have trebled and the fat cat city parasites will be laughing all the way to their record bonuses.

Millions face a grim decade of stagnant living standards

http://www.independent.co.uk/news/uk/politics/average-income-stagnant-for-twelve-years--and-it-wont-improve-for-at-least-eight-more-8262320.html Average income stagnant for twelve years – and it won't improve for at least eight more years.A typical low income family in 2020 is set to have an income 15 per cent lower than in 2008 average disposable income is at its lowest point since 2003, However, this will not prevent Morrisons, Asda, Tesco and the rest or for that matter British Gas, EDF, E.on and the other parasites from ensuring that their profits and their prices continue to rise. 

Another parasite in the high street?

  http://www.guardian.co.uk/politics/2012/sep/24/vince-cable-small-business-bank1  £1bn to establish a British business bank The existing banking sector has had £ billions of taxpayers money poured into their vaults by government and by the Bank of England's policy of "Quantitative Easing" in order to persuade them to lend to small businesses,  "manufacturers, exporters and high-growth companies that power our economy" and "kick start" the economy. They have failed miserably in this objective. This new "Business bank", will essentially be no different from the existing high street parasites, creaming off the government funds and Bank of England cash injections, in order to improve balance sheets, show huge profits and pay obscene dividends to their share holders. Once again, the British people pay for the excesses of the banks and speculators.

Clegg: Froth and no substance.

http://news.sky.com/story/978184/nick-clegg-wants-super-rich-to-pay-more-tax  Nick Clegg has called on Britain's wealthiest to make an "extra contribution" to the "national effort" of economic recovery. Another meaningless soundbite from super hypocrite and traitor Clegg, full as usual of  froth and no substance. Who are "Britain's wealthiest"? Does he mean the large corporations, making £billions of  profits? Does he mean the Utility companies making £billions from ripping off their customers with ever increasing prices? Does he mean the banks who's greed and corruption places them in the position of demonstrating that crime does pay and very handsomely too? Or does he mean Mr and Mrs average who have the audacity to have an annual income of more than £50K?  This waste of space Clegg should really do everyone a favour and give up his day job, retire to the country and grow roses.

Blair defends the bankers and praises Thatcher.

http://www.telegraph.co.uk/news/politics/tony-blair/9422096/Tony-Blair-hanging-bankers-wont-help.html The approach promoted by Baroness Thatcher’s government is not to blame for the recent financial and economic crisis. “Don’t take 30 years of liberalisation, beginning under Mrs Thatcher, and say this is what caused the financial crisis.” Tony Blair: hanging bankers won't help  Letting them have their huge £1miilion + bonuses won't help either. The War criminal Blair comes to the defence of the thieving parasites. A classic case of defending the indefensible. He praises Thatcher’s work to reduce government involvement in free markets, and seeks to re join the Labour Party. Perhaps it's Blair that should be hanging from the lamp post at the end of the street along side 20 bankers.

Grave crisis facing the international banking sector..

http://news.sky.com/story/960858/exclusive-banks-face-27bn-libor-hit The banks under investigation in the Libor rate-fixing scandal face combined losses of up to $42bn (£27bn).16 banks face a financial hit. These parasite criminals would probably have the audacity to come to the government for another hand out of tax payers money to bail them out of the self inflicted mess. The government should tell them to go to hell or face full nationalisation and permanent public ownership.

Parliamentary Inquiry is a cul de sac

http://www.independent.co.uk/news/uk/politics/were-powerless-to-get-truth-about-bankers-says-key-mp-7923528.html Politicians have been virtually "useless"  at getting to the truth behind the banking scandal, one of the MP's responsible for investigating the affair has admitted. This is the real reason why Cameron and Co are insisting on a Parliamentary Inquiry into the Banking Scandal rather than a judge led independent  inquiry. It is a not very subtle ploy to ensure that the witness are allowed to ramble on at length, saying nothing, being asked weak, inane questions and ensuring that no one is any the wiser at the end of their "evidence". The Parliamentary "Inquiry", will ensure that the banks and their crooked practices, together with those of their employees, and the subsequent conspiracy to cover up the whole rotten system are protected from the full glare of public exposure for as long as it takes to bury the matter under heaps o...

Why we should not trust politicians to carry out an inquiry.

http://www.guardian.co.uk/politics/2012/jul/05/balls-osborne Balls and Osborne clash. Why does the Guardian again fail to provide readers with the opportunity to comment on specific issues? This time its the article "Balls and Osborne slug it out in dispatch box "thrilla". Ironically, this item vividly demonstrates why an inquiry into the banking scandal cannot be carried out by politicians with their point scoring politically motivated private agenda's. Collectively, the banks appear to have been involved in criminal activities at the expense of their customers and British tax payers generally. It may well be that politicians were actively involved in these alleged crimes and therefore should not be part of any investigation. The only solution that would have an iota of credibility would be an independent public inquiry.

Were the Bank of England and Whitehall in on it?

http://www.independent.co.uk/news/uk/politics/the-libor-conspiracy-were-the-bank-of-england-and-whitehall-in-on-it-7906916.html The Greta British Banking Scandal.   Why all this hysteria now. Many people have been saying for years that the banks were out of control, ripping off customers and it many cases worse, and that they were run by a cartel  of overpaid individuals who's activities verged on criminal fraud. The banks have been caught with their sticky fingers in the till, and now are being exposed for what they really are. It remains to be seen to what extent the Bank of England and politicians are  involved in this scandalous conspiracy against the public.

Something is rotten in the State of Banking.

http://www.guardian.co.uk/business/2012/jun/29/mervyn-king  Governor's scathing attack on industry's culture of excess as new scandal erupts The scandalous activities of the banks have been with us for decades. Only now does the Governor of the Bank of England propose that action be taken to control the renegade industry.  "It is time to do something about the banking system," King said."It goes to the culture and the structure of banks: the excessive compensation, the shoddy treatment of customers, the deceitful manipulation of a key interest rate, and today, news of yet another mis-selling scandal." The banks have been caught with their fingers in the till, and they should face the full economic and if established the full legal consequences. The question is will they? From previous experience, there will be a few days or weeks furore in the media, questions in the House and heated debate on BBC Question Time, then after the imposition of ...

Same old cliches'

http://www.ft.com/cms/ Banks to get cheap money to lift UK lending The government and the Bank of England have been trotting out this sort of garbage for over 2 years. The words "Get the banks lending" or "Encourage the banks to lend to businesses and individuals" and the like have become cliches' in  the media and in parliament. This initiative will go the same way as all the previous initiatives.

Another boost to loans for busineses?

  http://www.guardian.co.uk/business/2012/jun/14/debt-crisis-emergency-measures-mervyn-king In a joint proposal between the Bank of England and the Treasury, banks will receive cut-price funds provided they pass on the benefits to their business customers.This new "funding for lending" scheme could provide an £80bn boost to loans to the private sector within weeks and alleviate growing fears of a second slump since the start of the financial crisis in 2007. These people have been trotting out  "new measures", or numerous variations of them for more than 2 years. Always, the objectives are to boost business and "get the banks lending". The results are invariably the same.The additional funding goes into the banks' balances and reserves, businesses bleat about being unable to invest, more small businesses cease trading due to lack of funding, and then the banks announce increased profits and their executives are awarded nice fat bonuses. ...

Another Tory con trick

http://www.independent.co.uk/news/uk/politics/osbornes- The expression on his face says it all .The smile of the 21st Century Uriah Heap. Not content with robbing us blind with tax increases and service cuts, Osbourne now tries to sell us another con trick in the same mold as privatisation. The Chancellor has told Treasury officials to find ways to persuade savers to transfer billions of pounds in to new government "growth bonds". Another pot for these parasitic ConDems to plunder for their own bailouts when ever the time suits them. Our money is safer stuffed into a mattress or left where it is, rather than allowing these thieving highway men to get their grubby paws on it.

The dinosaur of economic dogma

http://www.guardian.co.uk/business   Between now and the elections in Greece in June, the attention of the media and pundits, particularly in Europe, will be focused on the dire consequences resulting from the exit of Greece from the Euro zone. These tactics of spreading alarm and despondency through the pages of our newspapers and the screens of our televisions, are a not very subtle attempt to frighten the voters of Greece into electing those parties who support German dictates of further austerity, and to convince the rest of us that there is really no alternative to further cuts and reduction of living standards. The truth is of course, rather different. Far and away, the real beneficiaries of austerity are those individuals and organisations who are making considerable amounts of money from the sacrifices of others. Only the interests of Merkel and the Germans, the IMF, the bankers of the Eurozone, the ECB and the speculators of “the markets”, will be met by the continued...

European vested interests spreading fear.

http://www.dailymail.co.uk/news/article-2143959/Euro-collapse Even before the decision to hold new elections in Greece has been made, the hype has already started to try to influence people by fear. The banks, the Eurozone, Brussels, IMF, Merkel now Cable and Darling promising dire consequences if th e Greek people fail to Kowtow to the vested self interest of European financiers and a few duplicitous politicians more interested in their own positions than with the views of people expressed in the ballot box. In Greece, France, and Germany election results have shown that austerity is rejected. The tide is turning and the days of the political financial establishment of Europe and the IMF are numbered. 

Democracy trumps austerity but will the euro survive?

  http://www.guardian.co.uk/business  The only people who really give a monkeys whether or not the Euro survives are the bankers, Eurozone financiers, Angela Merkel, Brussels, the European politicians who are more interested in their personal position and future prospects in ot her fields, the speculators and some people who actually believe the doom and gloom propaganda trotted out by the media. The people of Europe who are paying the price every day for the incompetence and greed of the aforementioned groups who are in fact responsible for this crisis anyway, are now rejecting the politics of austerity and the "establishment" are horrified.

"Shareholders revolt" ? Not really.

http://www.dailymail.co.uk/news/article-2136361/Barclays   Leaving aside all this hype about a "shareholders revolt" does anyone really think that what happened at the AGM (27th April 2012) will make one iota of difference to the way that Barclays is run? It would require a revolt by the major shareholders en masse, to have any real effect. But, of course, this is not going to happen, because the major shareholders are themselves,other banks and financial institutions who, when the time comes and they have awarded themselves obscene levels of bonuses and benefits they will not risk Barclays or anyone else staging a revolt at their AGM's.It is an obscene, corrupt self interested club, endorsed and supported by governments and the establishment, on the pretext of providing benefit to the economy. The veneer of respectability has always been a bit thin, but now threadbare patches and holes are exposing the true vision of filthiness of their system.