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Showing posts with the label Banking scandal

A "Knob", too big to be sacked?

http://www.theguardian.com/media/2015/mar/20/jeremy-clarkson-bbc-top-gear If you or I acted like Jeremy Clarkson, we’d be sacked. So should he        A tank on the streets of London in support of a "Knob". An infantile publicity seeking stunt. A petition to the BBC for the reinstatement of the same "Knob". The signatures of almost 1 million people demonstrating how mass hysteria can blur and distort reality into believing that the aggressive obnoxious buffoon is in fact the "Good Guy". Jeremy Clarkson. How is it that some people can get away (repeatedly) with behaviour that, in any other person in any other occupation, would result in instant dismissal for gross misconduct? A few years ago, when the banking collapse spread around the country, we were told that the £billions of our (taxpayers) money being pumped into the banks was because the banks "were too big to fail". Could it be that this overpaid, sel...

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.

Unlawful evictions take place every day

Police act Heroically In Bailiff Eviction showdown      Every day in England and Wales, bankers are evicting people from their homes in what is one of the biggest scandals currently facing this country. The video shows that the police are not always on the side of the establishment. This video should be shown on TV and in cinema's. Have a look and pass on.

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".

£8 miilion salary is "modest".

  http://www.independent.co.uk/news/business/news/8-million-a-year-thats-modest-says-rbs-chief-8490841.html Fury as chairman of shamed bank defends CEO’s remuneration to MPs   Stephen Hester, CEO of  Royal Bank of Scotland Sir Philip Hampton RBS Chairman   Philip Hampton, Chairman of RBS is under the impression that Stephen Hester the Bank's CEO is "modestly" paid with his £8million per year salary. It seems that £8m is less than the going rate for running a crooked bank which has been fined for rigging the Libor rates and has been involved in other seedy practices at the expense if its customers. The British taxpayers who own this bank may have a different view

Learn from the Americans? No thanks.

  http://www.guardian.co.uk/politics/2012/sep/08/labour-barack-obama-david-miliband David Milliband  has re-entered the debate about how to put Labour back in government, warning his brother that he will not win the keys to Downing Street by disavowing New Labour, relying too much on working-class votes. David Milliband spouting the Blairite garbage which has already been exposed as self serving  populist nonsense which betrayed the Labour Party previously. Labour must learn from history,  reconnect with its roots and assume the traditional  role of representing the people of this country in the face of ever increasing oppression from the Tory party and its Liberal Democrat allies. At a time of rising unemployment, a stagnating economy, cuts in social services, decimation of the NHS, punitive attacks on the sick and disabled, imposed by private companies getting very rich on handout contracts awarded by government, bankers greed and corrupt...

Christine Lagarde with her latest contribution.

http://wideshut.co.uk/imf-chief-christine-lagarde-calls-for-further-loss-of-national-sovereignty/  International Monetary Fund Managing Director, Christine Lagarde, has called for Eurozone countries to hand over more of their sovereignty to the European Union Superstate and the international banking system. Lagarde has been quiet for a while. Now she crawls out from the woodwork with the latest  scheme to prop up inept politicians in the EU, and the duplicitous  banks who collectively caused this economic crisis in the first place. As usual, there is no consideration for the people of those countries who are being subjected to the evils of "austerity" in order to pay for the negligence and greed of others. Christine Lagarde, the self appointed "World Protector", and leader of the unelected "IMF Supreme Council" again bidding  for the dominant role on the world stage.

Laundering is not the only issue.

http://www.independent.co.uk/news/business/news/british-bank-laundered-250bn-for-iran-regime-8010163.html Standard Chartered, one of Britain's most distinguished global banks, has been accused by US regulators of laundering $250bn from Iran and behaving like a "rogue institution", in the latest catastrophic blow to the international reputation of the City of London.   This issue is much wider than laundering $250bn from Iran, and it is not only restricted to American "persecution" of British banks. Whether we agree with the practice of sanctions against Iran or not, (and personally I do not as, in my view, it is the combined interests of Israel and the United States, dictating to the world, to further their own agenda's, but that is another debate),  the Banking "industry" seem to consider themselves to be above the law in their day to day business practices. There are numerous examples of sharp practice or even cri...

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 Commission on Banking Standards or decorators with whitewash?

  http://www.independent.co.uk/news/uk/politics/banks-inquiry-branded-total-joke-as-key-inquisitors-excluded-7941466.html   The parliamentary inquiry into the banking industry and Libor scandal was branded a “total joke” today after two of the Commons' toughest inquisitors on financial issues were excluded from it. The first step in Cameron's plan to give the bankers a soft ride in the inquiry, Kick the whole thing into the long grass to wait for the heat to die down and then whitewash the city criminals. This first pass in selecting these lightweight committee members,apart perhaps from Andrew Tyrie in the chair, proves beyond any doubt that there has to be an independent judge led inquiry into the whole rotten scandal.

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...