Bankers. Rich And Full Of It

The so-called super rich. It's an identical scenario to the illusion that a thief is wealthy. Actually, they are of no consequence, truly empty and completely worthless. All a thief can do is steal and destroy. Simply a method of redistribution by taking and creating nothing more than a new mess. Unfortunately (and pathetically), those who desire the wealth of others and are not technically themselves thieves (Thought Police targets?), imagine that wealthy people are somehow special. They aspire to sycophancy as it's the best they can do. They don't create neither do they 'take'. Bankers don't create, but they do take, apparently. This is a classic (and extremely overt) example of redistribution in action. Moving from one, the public host, to the other: the private parasite. Paradoxically, they give support to the perception that the rich should be placed on a pedestal and worshipped!

The host worshipping the parasite: bizarre. But this is one reason for the drive that brings wealth through 'taking' from others. Satisfying the ego that craves fame and adulation. These are typical 'qualities' of those few people who are collectively responsible for creating the situation. The solution is to plead for public funds knowing that they will get them to shore up the system they have wrecked. The greed is exemplified by the bonus. The arrogance of the groomed apology is grotesque in its ugliness. The bonuses will then be taken. That collective and really gut heaving apology is expected to be enough to satisfy outrage, but such outrage falls on the deaf ears of the mind numbing arrogance of the outrageous.

"I'm sorry. OK, now that I've said 'sorry' ...

where's my cash?"

That is just one example of the arrogance, but if the bonus isn't taken then they could (theoretically) actually be men of integrity after all, though what else may be on offer to encourage 'good behaviour'? Thousands of lives have been ruined through arrogant greed, which is not atypical of high level corporate management entrusted (though seemingly unaccountable) with £bns. Resignation has all the hallmarks of the peerage overture.

The Second House

Does Sir James Crosby now not have to answer difficult questions, traceable back to Gordon Brown? Brown is (apparently) responsible for recommending the knighthood. Keep quiet and move forward. Deals get done. Who knows?

Devil's Advocate

The concept of the Revolving Door is not a new one and involves the placement of an individual into a position where they can be beneficial to a cause or special interest. It engenders the 'danger' of double standards where unfair influence can be used to acquire the required result. It is similar in principle to insider information in share trading, except it is not simply using advantageous information that should not be generally known, but actually creating the situation that will provide that information in the first place. A massive advantage over the already advantaged.

Wikipedia entry

• Crosby joined the Halifax bank in 1994 as Managing Director of Halifax Life. Five years later, he became the chief executive of Halifax plc, and in 2001 Crosby became the first chief executive of the newly-formed HBOS Group after overseeing the merger between Halifax plc and the Bank of Scotland. Crosby left this position in July 2006, leaving HBOS as the fourth largest bank in the United Kingdom in terms of market capitalisation. During his time at HBOS massive mortgage fraud was discovered by an undercover investigation for The Money Programme – Mortgage Madness (29.10.03).

• In January 2004 Crosby was appointed by HM Treasury as Deputy Chairman of the Financial Services Authority (this is where activity becomes more interesting - Devil's Advocate). During a session of the Treasury Select Committee of the House of Commons on February 10th, 2009, it was alleged that Crosby had ignored warnings by its former head of Group Regulatory Risk, Paul Moore, relating to risky business practices. Moore had predicted that HBOS's rapid growth left it vulnerable to a large number of borrower defaults. In 2005 the whistleblower Moore was sacked by Crosby, with Moore quoted as saying that Crosby wrote "The decision (to sack Moore) was mine and mine alone."
  

• On 11 July 2006, Crosby had been appointed by the then Chancellor of the Exchequer, Gordon Brown, to lead the Government's Public Private Forum on Identity Management, a scheme designed to counter problems such as identity fraud. Also in 2006, Crosby received a knighthood for services to the financial industry.

• In April 2008, Crosby was appointed by Chancellor Alastair Darling to head up a Working Group of mortgage industry experts to advise the Government on how to improve the functioning of the mortgage market.

• In January 2009 it was reported that James Crosby will become the Chairman of Misys.

Governments throw money at the system that must be protected by any means and whatever the cost to the taxpayer. And without the permission of the taxpaying public underwriter. The ugly paradox is that the devil's filthy lucre is worshipped within this god-type system and the public is sacrificed on that private altar of greed.

The virtual money that enslaves the taxpayer and was...

'given'

...to the banks as part of an alleged rescue package and it appears this 'gift' was without conditions (gifts generally are given free of conditions). Cynicism. The reason that the financial system cannot fail (cannot be allowed to) is that even if a country is technically bankrupt the interest at stake is collossal. But this is theoretical and virtual money. Being virtual it doesn't really exist. Failure of the system would reveal the lie and would be similar in principle to the Apollo hoax. Were the impossibility of man ever to have been to the Moon, the global outrage would be similar to proving that god either does or doesn't exist. Self-denial would still win out though as the revelation would be just too much to handle.

That the banks fail to lend this donated finance suggests that there is nothing to lend. Maybe the virtual money is just smoke and mirrors, but to prove it by demonstration as being true, the global depression (mental not financial) would be absolute and too much to comprehend. Virtual money is only useful to those who believe in it and pay interest on this nebulous smoke with mirrors. Those involved at the source will know how it all DOESN'T WORK.

When barter was replaced with virtual money this was the beginning of the end. The number of £bns cannot be verified and must be taken on faith and trust! Printing money is another solution to solving problems. That cannot provide any sort of solution, but it does devalue money that is currently in the system: causes inflation. Mix into that reducing interest rates to virtually zero and the banks pay almost nothing for using savers' money. Essentially another loan (free) to the banks that don't lend money.

Where have all those £bns gone?

They never really existed: virtual money.