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Archive for July, 2012

Wise words from Paul Moore, HBOS Whistleblower

I recently re-read Paul Moore's 2009 testimony to the Treasury Select Committee in the aftermath of the financial crisis. Paul was the Head of Group Regulatory Risk at HBOS between 2002 and 2005 (this position is one below board level). As his testimony explains, in 2005 he vocally warned the board that their risky lending would put HBOS in danger, but was dismissed and replaced by someone with no relevant experience for the job in question.

elbaIwas ...

August 2012

Conrad Jones (Cheam)Good article Ben, it was also good to see Paul Moore on Channel 4's "Dispatches" being interviewed by Jon Snow.Interesting to Note that Paul Moore wasn't saying - "Oh, the Bank of England created too much money forcing HBOS to create loans that it didn't want". Politicians are still arguing and crit...

July 2012
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Co-op Bank: "We're Boring!"

I enjoyed watching this short interview with Peter Marks, chief executive of Co-op, talking about the sale of 632 Lloyds branches to Co-op. He was refreshing honest about what makes Co-op different from the big five, who are still embroiled in scandal after scandal.

Bob TweedyThe man is lying through his teeth, ask him about Platform Funding Ltd, one of his sub-prime lending companies....

October 2012
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fairhill241% is a a lot of muppets who will be disappointed when their banks screw them over....

August 2012

SimonThe big banks spend millions each year saying how ethical and socially useful they are and on political lobbying, but this program shows only 41% still trust their bank, and only 18% trust the government to regulate the banks properly. Despite millions being spent on  PR by the big banks, you can...

July 2012
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Screenings of "97% Owned" Documentary

97% Owned is a new documentary that reveals how money is at the root of our current social and economic crisis. Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatised, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach. Fact-based and clearly explained, in just 60 minutes it shows how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis.

Christopher WallerGoogle?...

September 2012

DozyHoleI can relate to your concerns, I live in Liverpool and there never seems to be anything in my area(or Manchester). But that is not positive moneys fault, I suppose they need people from these areas to volunteer, one day I may find time to contribute for my area.If they keep growing I'm sure things w...

June 2012

MikestovoldIs it on DVD for home screening? ...

June 2012
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SimonDave is matching savers with borrowers, the way most people wrongly think the big banks operate. I wonder which bank Dave uses for his depositors' savings, and is this "big" bank then using these deposits as more leverage for further lending ?...

July 2012

Susiegb04It was brilliant a breath of fresh aire and I love his entrepreneurship bring it on Dave!...

July 2012
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