What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith
The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith
Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh
Fake News: The Epistemology of Media Wed Jun 07, 2017 11:52 | Gavin Mendel-Gleason
Officials and Provisionals Sat Apr 01, 2017 22:54 | James O'Brien
Spirit of Contradiction >>
Interested in maladministration. Estd. 2005
RTE news bias – Destroying credibility
Dan Boyle: Corruption…what corruption? Anthony
Tuam ? time to uncover the truth Anthony
Why the establishment media is silent on O Cuiv’s rebellion Anthony
Citizenship status has been removed from the Irish people Anthony
Public Inquiry >>
A bird's eye view of the vineyard
Russian MoD makes statement: New evidence on Il-20 downing off Syrian coast Mon Sep 24, 2018 21:41 | The Saker
September 24, 2018: Rift Grows Among Militant Groups In Idlib Mon Sep 24, 2018 17:31 | Scott
https://southfront.org/syri... If you?re able, and if you like our content and approach, please support the project. Our work wouldn?t be possible without your help: PayPal: firstname.lastname@example.org or via: http://southfront.org/... via: https://www.patreon.co... 3Gbs4rjcVUtQd8p3CiFUCxPLZwR... BCH: qpf2cphc5dkuclkqur7lhj2yuqq... ETH:
Russian fighter jets intercept U.S. F-22 Raptor flying over Syria Mon Sep 24, 2018 16:48 | The Saker
Note by the Saker: this is an unconfirmed report, based on a Russian social media post, so don’t take it to the bank. But this is curious, so I decided
French-U.S. Professor Released From Israeli Detention Mon Sep 24, 2018 16:37 | The Saker
This French-American professor has just been released after he was detained by Israel for being part of the effort to block the demolition of the Bedouin village of Khan al-Ahmar
Here comes the 30-year trade war Mon Sep 24, 2018 16:13 | The Saker
by Pepe Escobar (cross-posted with the Asia Times by special agreement with the author) Trade tensions between the US and China could drag on for decades but China’s focus on
The Saker >>
Royal Bank Of Scotland -owners of Ulster Bank - Engaged In The Systematic Theft Of Business Customers’ Assets
crime and justice |
Monday November 25, 2013 23:55 by T
Max Keiser on the “financial terrorism” of Royal Bank of Scotland
The headlines have recently reported that the Royal Bank of Scotland owners of Ulster Bank in Ireland carried out widespread fraud and engaged in forcing customers who were repaying their debt and otherwise healthy, into going out of business and this allowed the bank to pick up their assets namely their properties at a fraction of the true costs. They carried out this financial terrorism mostly against small firms who were too small to defend themselves.
In a blog by journalist Ian Fraser linked from the report that Max Keiser carries on this on his website, Ian writes:
Max Keiser is clearly over-the-top but he reflects the outrage that many feel today at the behaviour of the taxpayer-rescued bank RBS — which has today been confirmed to have been engaged in the systematic theft of business customers’ assets and other forms of outrageous skulduggery. The malpractice, which remains endemic inside the bank’s commercial and corporate lending, global restructuring group and West Register property arm (I have been covering this charlatanism since December 2010) is gaining wider exposure thanks to the efforts of the Leeds-based entrepreneur and overall IoD ‘director of the year 2012′ Lawrence Tomlinson.
In a report published today for the business secretary Vince Cable, Tomlinson makes clear that RBS routinely “distresses” otherwise profitable, stable and creditworthy businesses by “manufacturing defaults” in order to tip them into its recovery and restructuring division, GRG, and then to allow its West Register property arm to effectively steal their commercial property assets. In a policy statement in May 2009 the bank said GRG/West Register had an “appetite” for particular categories of property assets including “offices, retail and industrial premises, pubs, hotels, nursing homes, car dealerships and hospitals”.
What we have here is the financial giants instead of helping the base of the economy, are cannibalizing it. Surely the whole purpose of a bank is to help small businesses. And we can be sure if one bank is doing this, then it is likely a lot of the other banks are too.
It seems that this fraud went undetected because many of the people running these small business firstly didn't have the resources to find the bank, nor did they have the power, contacts and might to force the government, media or regulators to take any notice. A functioning system of checks and balances would have stopped this very early on, but it is clear the checks and balance system has long been made ineffective through corporate takeover.