Did directors deliberately destroy their own banks?
The Royal Bank of Scotland (RBS) went from assets of plus £88 billion in 1999 to estimated liabilities of minus £1.3 trillion in 2009 (counting toxic assets and derivatives) - equal to a yearÕs income (GDP) for the whole of Great Britain. If Directors with mental disabilities had been appointed, they might have reduced the bank's value by half. But to utterly destroy it took real knowledge and determination.
It seems clear the wholesale mismanagement and corruption of banks by their directors was not unbelievable incompetence, but criminal. The government huffs and puffs at bonuses and pensions paid as a reward for failure, but then in every case it lets those corrupt payments, totaling billions of pounds, stand without passing legislation to confiscate.
It looks as though these huge bonuses and pensions were intentionally paid to compensate directors precisely for destroying their own banks, and for a job well done.
HSBC quietly possesses an ethical, Christian board. They are well managed, profitable, and took no part in creating this crisis. Standard Chartered BankÕs profits actually went up, even in 2008/9.
But look at Abbey National. In July 2004 their risk management officer, Richard Chang, may have objected that the run down of the bank by directors was deliberate (it resulted in the BankÕs ownership being transferred to a European Bank, Santander.) The HBOS whistleblower alleged the same.
Anonymous documents then arrived at the board with similar suggestions, with additional evidence of sexual impropriety among Directors. Richard denied he had sent them, but was called in for a two and a half hour interrogation by the directors at the hands of Kroll corporate security, during which he was bullied and threatened, and at the end he was found dead five floors below at the bottom of the internal Atrium in Abbey's London head office in Euston.
The courts, CPS, coroner, FSA, directors and police have closed ranks to prevent a criminal prosecution or investigation. These services all have large numbers of freemasons in their senior structures.
High ranking Freemasonry runs right through this banking crisis. All the failed banks, Northern Rock, Abbey, RBS, Halifax Bank of Scotland (HBOS) had Freemasonry controlling their boards. Gordon Brown is a 33rd degree Scottish Rite Freemason, as was Tony Blair; there are 400,000 freemasons in Britain.
Brown's job seems to be to take advantage of the destruction of the banks, by pouring far too much of our economy into those ready made back holes, which will destroy the Pound Sterling.
The crisis was caused by the USA and EU governments deregulating banks in 1999. Massive, self collapsing bubbles predictably formed in every market including housing, stocks, and derivatives. It is deregulation that enabled corrupt boards to wreck their own banks. They now have estimated liabilities of £7.2 trillion or £250,000 per household; they should now go bust; Britain cannot afford to save them.
Freemasonry and Common Purpose are the European Unions' foot soldiers on the ground in Britain. They know the EU dictatorship cannot be built while there is a strong Britain on the doorstep; we stopped them twice before in 1918 and 1945, and Britain has to be destroyed if the dictatorship is to succeed.
These British traitors get their massive payoffs for handing Britain to the EU on a plate, poverty stricken and stripped of democratic defences.
Many of those won't realise that the initial deflation of the recession they worked so hard to create will, with the trillions Brown is borrowing for the banks, result in super high interest rates, then possible hyper inflation, and in two years they could be starving with the rest of us, their gravy trains and bribe money useless, their houses repossessed, as ours will be, betrayed by their own European Union.
If you wish to avoid this ghastly future, you need to do your part now in talking to people about a General Strike against the EU, our government, Law Lords, and all the senior officials who are so deliberately sabotaging our nation. David Noakes. eutruth.org.uk.