UK government Criminal fix – In their pockets | ray841's space 'Pennant News'

The UK government fix was in to let the Bankers, Estate agents, and Finance industry worker scoundrels off the hook for the enormous damage they caused in creating the Great Recession for a second time. All of the leading politicians and officials, at national and local government, Labour, Liberal Democrat, and Tory, were on board to complete the job of saving the banks while ignoring their victims. Not one Chief Constable in the UK put a stop to this criminal activity, going along with it, as if nothing had happened. The honest policeman doesn't last long in a town that houses the Political casino. But decent folks would be cheering them on.

Despite a mountain of evidence of robo-signed mortgage contracts, deceitful mortgage-based securities and fraudulent foreclosures, the banks were going to be able to cut their potential losses to what was, for them, a minuscule amount.

In a deal that had the blessing of the Prime Minister and many regulators and attorney general—a settlement probably for not much more than the £5 billion pittance the top financial institutions found acceptable—the banks would be freed of any further claims by government officials over their shady mortgage packaging and servicing practices and deceptive foreclosure proceedings.

At the same time, the PM and other government regulatory bodies are making sweetheart deals with the bankers to close off accountability for creating and collecting on more than a trillion pounds' worth of toxic mortgage-based securities at the heart of the nation's economic meltdown—a meltdown that has seen the national debt grow by more than 50 percent, stuck us with an unyielding 9 percent unemployment and left million British subjects losing their homes to foreclosure or clinging desperately to underwater mortgages. On top of which an all-time high, of hundreds of thousands of people that are living below the official poverty line and fewer new homes were started in April than at any other time in the past half century. With housing values still in free fall, national and local government stopping social housing, and allowing carpet bagger estate agents to let housing to middle class people only, and  we continue to make the bankers whole. The employment rate for those aged from 16 to 64 for the three months to March 2011 was 70.7 per cent, up 0.2 on the quarter; of  the 60,975,000 population of the UK.

The Home Office or Justice Department division (or what ever it is called nowadays) responsible for checking for fraud in the bankruptcy system has found a widespread pattern of deception by banks foreclosing homes, and concluded: "So an authoritative source with access to a lot of data has identified industry practices as not only pernicious but also pervasive. Which makes it all the more mystifying that regulators seem eager to strike a cheap and easy settlement with the banks."

Not really surprising given both the enormous hold of tax payers money over the three major political parties and the revolving door through which executives travel between firms and the top positions in the UK government departments and elsewhere in the government. The financial crisis occurred only because Labour, Liberal Democrats and Tories passed the laws that Finical lobbyists wrote ending reasonable banking industry regulation installed in response to the Depressions; and when the greed they enabled threatened the foundations of our economy, under John Major, Tony Blair, Gordon Brown, and now the two new cretins Clegg and Cameron; it was the bankers who were assisted into lifeboats that had no room for ordinary people.

Not surprising then to find all of the power players in on the latest deals: the Clegg, Cameron government that had bailed out the banks but not troubled homeowners; the regulators and government officials who all looked the other way when the housing bubble was inflated; and the attorneys general and local CEO who backed away from going after the perpetrators of robo-signed mortgages and other scams used to foreclose homes.

Chief Constables pull your head out of your arse'oles and prosecute these political and banking criminals, or is it, has the people feel that you are all in their pockets? Share Email