Interested in maladministration. Estd. 2005
No law for the powerful, strict enforcement for decent citizens
Garda corruption: the stripped down truth Anthony
Will Pat Hickey turn up for his trial? Anthony
Garda breath tests letter Anthony
Daniel McConnell: Happy to wear establishment blinkers Anthony
Public Inquiry >>
A bird's eye view of the vineyard
How Biblical is Zionism? Thu Feb 22, 2018 03:58 | The Saker
by Laurent Guyénot for the Saker Blog Laurent Guyénot is the author of From Yahweh to Zion: Jealous God, Chosen People, Promised Land ? Clash of Civilizations, 2018. ($30 shipping included
Reality vs we are the best Thu Feb 22, 2018 03:56 | The Saker
Syrian War Report ? February 21, 2018: Government Forces Entered Afrin Wed Feb 21, 2018 22:29 | Scott
https://southfront.org/syrian-war-rep... Over the last few days, the Turkish Armed Forces (TAF) and the Turkish-backed Free Syrian Army have captured over a dozen villages from the Kurdish People?s Protection Units (YPG)
So You?re Calling For Gun control Huh? Wed Feb 21, 2018 17:42 | The Saker
For more information on guns and crime, see here: https://crimeresearch.org/data/ For more information on the real causes of crime in the USA, see here: http://www.unz.com/runz/race-and-crim...
America?s ?Boots-On-The-Ground? Fighters in Syria are Kurds and Al Qaeda Wed Feb 21, 2018 15:03 | The Saker
by Eric Zuesse for the Saker Blog As will be documented here, America?s troops in Syria are not there in order to fight, but to assist Kurdish separatists in the
The Saker >>
Repeal and Replace? Sat Jan 20, 2018 12:58 | Fiona de Londras
Shifting Sands Under the Abortion Debate Mon Jan 15, 2018 09:30 | GuestPost
Liberty, the ICCL, and other NGO groups? landmark challenge against the UK Government?s mass surveil... Tue Nov 07, 2017 11:56 | admin
What Ireland can gain from international guidance on Article 19 UNCRPD Mon Oct 23, 2017 12:53 | Eilionoir Flynn
Repeal or Replace? Tue Oct 03, 2017 06:31 | Fiona de Londras
Human Rights in Ireland >>
For lefties too stubborn to quit
Signs of Hope ? A continuing series 11:11 Thu Feb 22, 2018 | WorldbyStorm
Gift economy 10:27 Thu Feb 22, 2018 | WorldbyStorm
Leaving? 09:28 Thu Feb 22, 2018 | WorldbyStorm
UK universities strike 07:27 Thu Feb 22, 2018 | WorldbyStorm
7/4 ? good no-deal Brexit odds? 21:39 Wed Feb 21, 2018 | Citizen of Nowhere
Cedar Lounge >>
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.