FINANCIAL CRIME: As events unfold, senior Tories regret approaching matters with an open mouth.

Julian Assange, Newscorp and Standard & Chartered were all dismissed too quickly by the Government. It shows no signs of learning from such mistake.

People have often asked me in the past why the ‘powers that be’ are so keen to stitch up Julian Assange. And stitch him up they have – be in no doubt about that. I have posted many times before about my sincere belief that Assange is a disturbed and controlling megalomaniac, but there can be no doubt that his invention of Wikileaks was an act of genius that has evoked a massive Establishment backlash.

However, we must be very clear about the specific Establishment involved here.

Whether those of Right or Left like it or not, it was the financial nature of actual and promised leaks from Assange’s site that first fired up the Powers of Darkness. And Hague – who turned left to America rather than right to the EU on the day he took office – is taking his orders from Washington and Wall Street, not Brussels…the last of that trio being a City he rarely visits. (In policy terms since 2010, let’s face it – it shows).

Hague would’ve made a first class Chancellor, but the job was of course given on the basis of the Bullingdon Leg-Up into Camerlot. Sadly, the Mekon is a washout as Foreign Secretary. Having done the business up every American backside, he now compounds the crime by knee-jerking to classic US ‘let’s storm the place’ by issuing a truly childish ultimatum to Ecuador. He has now, as the legal advice has finally been heard, been forced to back-pedal into ‘wanting talks’ about it.

Last week, first Boris Gobson and then Gobeon Osborne had a crack at New York regulator Ben Lawsky…only to watch 36 hours later as the ‘entirely innocent’ Peter Sands fessed up to 250 BILLION bucks of wrongdoing…as opposed to 14 MILLION. I take the point of critics that SCB is stupid rather than malignant: but if that be entirely true, why feel the need to lie at all?

Now a genuinely tragic dimension has entered the not entirely Standard behaviour of SCB and its advisors Deloittes, as news breaks that the family of a senior Deloitte partner has called for answers after he apparently committed suicide days after the auditing firm was linked to the Standard Chartered Iran dollar trades scandal.

There is a great deal more to come out about this yet. But aproaching tricky issues with an Open Mouth has become a near-generic feature of the Coalition in general and the Conservative Party in particular. David Cameron himself led the way with his dismissive drivel about first Andy Coulson and then Rebekah Brookes, while his arch-enemy Boris dsimissed the entire Newscorp scandal two years ago as “Left-wing poppycock”.

Surely we deserve better people in charge of the Nation’s affairs? People like…and….um, also….and then there’s, er, …..

54 thoughts on “FINANCIAL CRIME: As events unfold, senior Tories regret approaching matters with an open mouth.

    • Indeed – the present UK government don’t even compare well to the Gordon Brown administration. This is more than mere mid-term blues or the problems with a coalition government. I think they truely lack vision and competetence. Perhaps this is harsh given no government anywhere has survived since the 2008 crisis struck, though it does look like we will have Miliband and Balls to suffer next time around.

      • They really do seem to have the midas touch in reverse. And the sticky stench of desperation is becoming all pervading.

        How on earth they think that keeping supermarkets open late on Sundays is going to effect an economic recovery is beyond comprehension.

      • Just wait till Chancellor Edward Balls steps up to the breach in 2015 in the new Lib-Lab coalition, back to take charge of the wrecking ball.
        By then the national debt will be double that when the Cameron/Osborne mob first came to office. Nobody seems to have any idea how any of this money is ever going to be repaid, I’m sick of hearing stupid politicians saying we are “Paying down the deficit.”
        Were not paying down anything were just borrowing at a slightly reduced rate from the insanity of Gordon Browns grand finale in 2009.

      • What did you expect? Cameron was hopeless in opposition, why did anyone think he would be better in office? It’s increasingly clear that we will have Labour back, which will cause more people to leave the country than a mere 50% top income tax rate.

    • This government inherited an absolute mess, but even allowing for this they have not done well. They struggle to string two coherent policies together, and as JW suggests whenever they start to paddle in the right direction some idiot, in this case Hague, does something really stupid. The position on Assange was clear, why make some stupid illegal and hollow threat to a latin country.

      I fear for the future. Not only can’t I see who is going to get us out of this mess, I don’t believe the numbers work. There will have to be cuts in real terms to benefits, and pensions. We just don’t have the resources. Mainly the previous administrations fault, but this lot are just not convincing and don’t carry the public with them. I just wish we were not in the EU, that doesn’t help.

    • When you look at the incompetence, lack of backbone, dishonesty and sheer unprofessionalism displayed by our politicians, bankers and industrial leaders; you wonder how any of the big issues confronting us are ever going to be tackled.

      Just look at some of the issues facing the UK

      An appallingly bad education system
      An unaffordable NHS
      Massive debt problems, both personal and National
      Unaffordable social welfare bills
      Poor transportation infrastructure
      Out of control immigration
      Unemployment levels
      Excessive population growth
      An energy supply industry about to collapse
      Over dependence on the Financial Services industry
      Simmering Inner City tensions, both religuous and economic

      And many more!

      Do you see any signs of these issues being tackled with any seriousness, or indeed at all. I see snake oil salesmen peddling phony cures, a tweak here, a reshuffle there and a few sound bites to give the illusion of action. Nor is it any better in Europe. We seem incapable of dealing with the Euro fiasco and, again, are fed a multiplicity of lies and platitudes to disguise this incapability. I live in France and it has taken only 100 days for the shine to come off Hollande. French friends laughingly refer to him as France’s Tony Blair. The economy here (Rural Upper Normandy) is in serious decline. Our local Doctor has told us he is treating a very large number of cases of stress and depression. The great ever open wallet of Germany is about to snap shut as their economy, while better than some, is not in good shape either.

      The US is a “Dead man walking” with nearly 16 Trillion dollars of debt and no plans to address it except possibly by backing yet another Middle Eastern war.

      It is time for some honesty from our politicians as to what the problems are and to identify some approaches to resolving them. If it not done within our existing Semocratic framework I am convinced that we will see increasing chaos and the rise of totalitarian dictators who will impose their view of solutions.

      • But, but, but we won all those gold medals!

        I would like to see a listing of the tax domicile of all out medal winners (for starters) and all athletes receiving direct and indirect (Lottery) monies.

      • I see that there is a campaign of sorts to get N.Sarkozy to come back into politics again. Perhaps some people in the ‘UMP’ party feel that it may be the only way to stop Marine LePen?

    • Absolutely particularly as there are an awful lot of the worlds terrorists living in London having been given asylum by the same British Government that’s huffing and puffing about Ecuador.

      They don’t like it when the boots on the other foot.

  1. I read that BoE deputy Paul Tucker took the extra­ordinary step of warning the entire UK banking system could collapse “before Christmas”. Of course, that was last Christmas. The question is – from the rain soaked NW fringes of the UK which less than 12 hours ago was promised as the hottest August day ever – WTF has changed in the interim months?

    • SOTC – the BoE’s top levels are pretty gormless when talking economics. Just look at their recent performance. That’s the context against which to set their remarks. Now once again after me: ‘QE is debasement of the currency…’

      • Carys,

        There is, imo, one outstanding ‘top level person at BOE”, namely, Andrew Haldane, he is worth reading whenever he pens an article.

  2. I did look for Wikileaks about the secret family courts, and was very dissapointed to find nothing.
    I am still trying to find out if Scottish Colin Tucker is the same as Birmingham Colin Tucker

  3. “Surely we deserve better people”. Indeed we do. the problem is how does the Nation attract / persuade men and women with those qualities into the political process. You JW and the readership here stand aghast at the behaviour in the Westminster village. Would you and I wish to join this particular dance and get smeared by association. A month’s reading of Private Eye gets me feeling sick to my stomach. I’ve read that dear old rag since 1964. It’s been a long long road with nary a turning in sight.
    Blessings.
    Jez

  4. The political and financial worlds are intricately, if not incestuously, linked, indeed financial organisations are the primary stakeholders in almost every government, which is why whatever governments do it almost always ends up benefiting them. Politicians and financiers also have very similar modus operandi; they both take dishonesty to an extreme, they both distrust all others in their spheres, they both fear their friends more than their enemies, both are equally prepared to stab friend or enemy in the back if they see a gain in it, they both cling to secrecy to the extent they always lie first even when the truth would probably serve them better, they both operate in the shadows doing grubby deals and insider trading between both themselves and each other.

    Identical parasites we would do well to be rid of in both cases.

    • ‘The political and financial worlds are intricately, if not incestuously, linked’

      Could that be because governments always want to spend future income and bankers are always happy to lend to them because they have the future flow of taxes under their control? This whole system is utterly stupid. Any government that borrows medium to long term to pay for annual revenue spending then uses inflation to reduce its debt and relies on Treasury (= hopelessly optimistic) growth forecasts should be voted out tomorrow. Trouble is, they all do it! It’s a fundamental sickness that we have suffered from since the days of Pepys and it’s not going away any time soon. We don’t generate enough wealth to keep our state system as it is now. People ought to think about the implications of that.

  5. I saw an interview with Naomi Wolf on RT today. She claims that the US Establishment only went ballistic over wikileaks over the threat of financial crimes being revealed rather than the security issues since so many careers could be thtreratened with jail time..

  6. Pingback: John Ward – Financial Crime : As Events Unfold, Senior Tories Regret Approaching Matters With An Open Mouth – 19 August 2012 | Lucas 2012 Infos

  7. My own feelings about Assange are unchanged…I think he’s a self-important arsehole. Of course when what you desperately need is a good clearout, an arsehole may well be exactly what you need. As far as Daniel Pirron is concerned, my sympathy goes to his family, I would never be satisfied with suicide as an explanation either.


  8. If you come to the comment threads on my blog – WHICH I OWN SO I’M IN CHARGE – to correct my factual errors or expose me as a socialist, you will be censored banned. Banning folks for such things is not censorship, it’s culling. I know that’s true because I just made it up. Remember, I’m an old ad-man and I know all there is to know about wrapping up shit and selling it on as a bunch of roses. Dispute my dodgy and incomprehensible “facts” with real provable facts of your own or solid logical opinions, or disagree with my naive assessment of complex global affairs, and you will not get a hearing if I’m in one of my bloated-ego moods, which is most of the time nowadays. Expose me for not really knowing WTF I’m talking about and not having a clue about politics, geo-politics or any other politics, let alone football, and I will hit the spam button straight away. Chips cost extra.

    The Slog is meant to be a site where reasonable, civilised people can coalesce around MY opinions, agree with MY assessments of events and point up MY tissue of blatant lefty lies, notwithstanding the latent dissembling that I am fed 24/7 by people of all right-wing politicals, civil servants, implicated MSM titles, bankers, multinational headcases, right-wing zealots and anybody who believes in globalisation and the 13th Imam. Also from MY secret sources. Socialist fluffies always tell the truth. I know that too because I am a champagne socialist and among the richest 10% in Britain. Beat that.

    It is a site looking for new lefty ideas, especially Radical Realism and old prejudices (of which I have plenty), bitter resentment (that too), rude insults (those too and I don’t charge) and unfounded allegations against anybody who disagrees with my opinions. Anyone who marrs the overall concealed Progressive Lefty ‘feel’ will disappear very quickly. The spam button. Chips cost extra.

    Remember this and you will probably avoid being censored banned: SYCOPHANTS and YIP-YIP-YIP YES-MEN ARE WELCOME HERE.
    Anybody who has opinions which differ from mine better watch out. Doggy biscuits are in good supply now that coco has been put to sleep.

    Thank you.

  9. If you come to the comment threads on my blog – WHICH I OWN SO I’M IN CHARGE – to correct my factual errors or expose me as a socialist, you will be censored banned. Banning folks for such things is not censorship, it’s culling. I know that’s true because I just made it up. Remember, I’m an old ad-man and I know all there is to know about wrapping up shit and selling it on as a bunch of roses. Dispute my dodgy and incomprehensible “facts” with real provable facts of your own or solid logical opinions, or disagree with my naive assessment of complex global affairs, and you will not get a hearing if I’m in one of my bloated-ego moods, which is most of the time nowadays. Expose me for not really knowing WTF I’m talking about and not having a clue about politics, geo-politics or any other politics, let alone football, and I will hit the spam button straight away. Chips cost extra.
    .
    The Slog is meant to be a site where reasonable, civilised people can coalesce around MY opinions, agree with MY assessments of events and point up MY tissue of blatant lefty lies, notwithstanding the latent dissembling that I am fed 24/7 by people of all right-wing politicals, civil servants, implicated MSM titles, bankers, multinational headcases, right-wing zealots and anybody who believes in globalisation and the 13th Imam. Also from MY secret sources. Socialist fluffies always tell the truth. I know that too because I am a champagne socialist and among the richest 10% in Britain. Beat that.
    .
    It is a site looking for new lefty ideas, especially Radical Realism and old prejudices (of which I have plenty), bitter resentment (that too), rude insults (those too and I don’t charge) and unfounded allegations against anybody who disagrees with my opinions. Anyone who marrs the overall concealed Progressive Lefty ‘feel’ will disappear very quickly. The spam button. Chips cost extra.
    .
    Remember this and you will probably avoid being censored banned: SYCOPHANTS and YIP-YIP-YIP YES-MEN ARE WELCOME HERE.
    Anybody who has opinions which differ from mine better watch out. Doggy biscuits are in good supply now that coco has been put to sleep.
    .
    Thank you.

  10. There aren’t many decent honest people posting on Ward’s blog any more. They’ve all left or been driven away by his threats of censorship or disgust at watching him doing it.

    His previous article about BT – best described as a pack of lies and unfounded character assassination from start to finish, without a single shred of *credible* evidence being presented – received hysterical/venomous support from the usual suspects, not one of whom asked for any evidence. I won’t bother to name and shame, you know who you are.

    Ward’s lies has probably opened up a can of worms that he will come to regret as it will spell the end of the audience he’s had for all his other complete bollocks and bullshit about matters that he knows very little.

    Posting gossip supplied to him from cab drivers and shoe-shine boys in Frankfurt and Bruxelles and dressing it up as “Breaking News”, “Revealed … …” or “Exclusive” does not impress people who have a clue about how the world works. It has been clear for some while that his “secret sources” are minnows and are not in any important loops. They supply him with snippets to get them in the public domain. He soaks them up like a sponge and dresses them up as startling news. rotflmao.

    This blog has become a hot-house of slogmaster Lefty lies, bollocks and bullshit with dubious gossip and conspiracy theories added in to impress f*ckwits. Classic ad-man tactics. Its death will be a good thing.

    Please read this before he deletes it.

    • Sorry BT – he does not need to provide evidence. You’ve done it all by yourself by posting yet again :)
      I would try to shift your (assumedly) schitzoid paraniod character back to Bankrupt Taxpayer which was the only character which had anything to offer the world (let alone this blog). At least you get a bit of attention whereas these ridiculous attack dog postings just get skipped…….. you’ve lost it sonny…….go see a doctor and get yourself booked in quick smart !

    • If its all such a pile of lefty bollox why are you devoting your every waking hour to it?

      Sometimes what jw posts is thought provoking, sometimes it makes great sense, sometimes it is piffle, other times it is ill informed opinion and occasionally it is much too right wing for my taste but it is, on the whole, balanced and almost always interesting.

      The obvious and reasonable approach, if you find its negatives outweigh the positives, is to stop reading it. It is not to bombard the site with hysterical witterings in an attempt to persuade the author that he must think as you do or suffer the consequences.

      You are very boring and you are achieving nothing.

  11. I have to say I am saddened by what has happened with the ‘BT’ affair. I don’t understand it. I liked BT, he is in my opinion an educated intelligent individual, and I always found his comments to be informative and educational. I wish it didn’t have to be this way.

    • Some of the sickest and most sociopathic individuals I have ever met have the ability to come across as intelligent , reasonable and educated types, on the surface.

      We’d have a very different political landscape if these types didn’t exist, if you think about it.

      • Yes, corporate Psycopaths for instance?. It would be nice to just skip the troll and read on, but people keep replying to it….Bleh!

    • @kfc. Yes once Bankrupt Taxpayer, if it is the same person, had a few worthwhile things to say. He seems to have had some kind of personality shift as he has become paranoid

    • And me. Difficult to believe they are one and the same person, has been a pretty bizarre change. Tiresome bollocks notwithstanding, I hope he’s ok.

    • Hear, hear, kfc! Maybe Jw and Bankrupt Taxpayer can call a truce or has it gone a bit too far for that? I hope it does not stop people from coming here, this is the best blog on the Internet, IMO.

    • Yes, I agree. I also found BT’s comments interesting and thought provoking and often agreed with his point. While obviously in the Daily Express political camp he is entitled to his opinion as much as anyone else, nor do I think he was particularly guilty of assertion rather than argument. He did get somewhat abusive to JW and I think JW perhaps over-reacted, but then, I don’t know what actually passed between them, either via email or posts deleted before I saw them, so JW may well have reacted perfectly reasonably.

      Anyway, there is no excuse for the kind of ‘internet rage’ being displayed now, if you fall out with someone on-line the normal course is to simply leave. The current display does make BT seem petty, malicious and short of a marble or two and certainly suggests a sociopathic tendency since he seems to want to destroy JW’s blog without any thought to the feelings or wishes of others. Very sad.

  12. I’ll ignore all the rubbish from BT or whoever, apart to say , if you want a forum for your own opinions have the energy and the wits and start your own blog and those who support you can read your views there whether you are in Brazil, Bermagui or Bolton.
    I would prefer to devote my reply to the whole question of Assange which is what the original post was about. I think he might be what Aussies call ‘a Complete Blo*dy Ratbag’, but I still think that as an Australian citizen he should be getting more support from the Australian government. He’s been left high and dry as the Australian government cow tows to the US in the same way that the other Aussie Ratbag David Hicks was allowed to rot in Guantanamo without charge until the Howard government to appease his good buddy George W, but could see it it becoming an election issue and he was released.
    The whole question of the Swedish charges need to be cleared up, but the extradition to the US and the questions around it should be sorted out too. My own personal belief is that he was smart enough to expose some of the hidden sides of ‘democracy’ but that the Australian government needs to support its own citizens.

  13. So one honourable Deloitte auditor has committed suicide (very sad indeed) but what about all the other big audit firms none of whom qualified their audit reports on the big banks most of which nearly went bust because they were carrying securitised debt in their balance sheets at inflated values? I am amazed that there have been no lawsuits against these audit firms who were clearly either negligent in not looking into the realisable value of these flaky assets or, worse, were conspiring with management to conceal the problem. I am sure someone will comment?

    • It is sad when anyone commits suicide but don’t lets get carried away. As a point of generality and not the the specifics of SCB, auditors of most big banks are as guilty as the banksters themselves of wrecking our financial system. They are not honourable men, they are exceptionally greedy men (they have to be by definition of being a partner in a big 4 firm) who take a big fee and keep quiet about all the criminal wrongs in the banking system listed on posts on Zerohedge and exposed by real watchdogs like Max Keiser.

      As for Assange, don’t see why the Swedes can’t come here and talk to him. How much is it costing all those bobbies hanging about the Ecuador embassy? If the US wants him I’m sure UK will send him over just as readily as Sweden. Come to think of it shouldn’t plod want him to be dealt with in UK first for jumping bail?

  14. My opinion of Assange is not worth much,(low) I admired his guts to ‘open’ a closed door. I was not shocked by what I saw, because we have had a ‘spy hole’ view of dirty Government’s behaviour in the last 20 years or so. I wholly admire the man for standing on that balcony- almost alone- and still challenging the so called ‘Democracy’ they try to sell us on a daily basis. Vague- the for ung secertary- is an embarrassment are as most of the Government and hangers on. To say to a nation that Assange will NOT be given safe passage out of the counrty is an affront to decency and I am outraged by this outburst. Yes, I do believe he should answer the charges of alleged rape, even thought he claims, and it would be hard to prove, that he was set up. But he should still give it a go. The USA, not content to round up people and torture them in Guantanamo camp without a trial, something which ordinary citizens would be outraged by, they sent people to their death/ torture via THE UK to Jordan. Now, can they send a convicted murderer back to their homeland. NO, because they have ‘Human rights’. This whole business is murky and shocking and no amount of smatlzy gold medals being flashed will ever convince me that Britain is ‘Great’. I wholeheartedly agree that the Australian Government should ‘grow a set’ and stand in to assist their citizen. Thank goodness for the internet and ALL who post in her. Oh, and that old chestnut ‘ freedom of speech’ is just another sound byte that sounds good for rousing old voting people who believed they fought and died in wars for such a luxury!

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