The Olympics will cost £40bn ! Who will pay for them ?
Britain's banks are sitting on a £40bn black hole of undeclared losses ! Who will pay for that ?
Royal Bank of Scotland has £18bn of undeclared losses ! Who will pay for that ?
The 82pc state-owned lender back to the taxpayer for another rescue ?
Controversial international accounting standards introduced in 2005 that prevent companies are deeply flawed. PIRC said the rule was "masking the true position of the accounts by including fictional assets and fictional profits".
Dividends and bonuses are being paid out on inflated profit numbers, when they should be retained to boost the banks' capital cushions.
Tim Bush, head of governance and financial analysis at PIRC, claimed the undeclared losses meant banks have not been clearing their balance sheets of bad debts and releasing the funds to support viable businesses and households.
"The scandal is the fact that banks are delaying de-risking and de-gearing due to the accounting standards," he said. "The funds are being tied up, rather than being put to work elsewhere."
Pat Gallagher
06/09/2012 02:09 PM
We, the people (taxpayers) by order of the Government bailed out the main banks in 2008. If the Government had not done this the banks would have been thrown out onto the streets (bankrupt). Now that the banks have been bailed out...what do they do? They repossess the homes of the same taxpayers whose tax money bailed them out in the first place.
The question that needs to be asked is...does the Government care more about the people they govern or more about the people who profit from the people they govern???
robbie777
06/09/2012 12:14 PM
And no doubt these losses will never be realized for the banks involved, they will be subsidized yet again by government and the bill passed on again, to the taxpaying public, or muppets, as goldman sachs, and politicians like to call us.
With banking, it's only the customer who always gets screwed. and nnce you take it out, the interest is all gone ! So from the second oldest to the oldest profession in the world prostitution, word on the street has it that Britain having nationalized some its worldwide second-oldest profession.i.e banking that they will now proceed to nationalize the oldest, prostitution? The British governments will use the huge revenues that its prostitutes generate from phucking the people, to bail out even more pf its banks. Prostitution as well as being the world's oldest profession it is probably the most honest, given the recent shenanigans by all those involved in the City of London.
Of course prostitution and banking go hand in hand. One former City worker says that while working for a top international investment bank in the City of London, she witnessed a senior manager looking for A brothel to entertain some clients. Kat Banyard of a gender-equality pressure group says that there is a growing trend in the CitY of London to use prostitution to entertain clients. No doubt a lot of taxpayers bailout monies will find their way into the accounts of the prostitutes as well as the organizers of the Games.
Then there is the young young Irish woman who went to the City of London to work as a secretary and began sending home money and gifts to her parents. After a few years they asked her to come home for a visit, as her father was getting frail and elderly. She pulled up to the family home in a Rolls Royce and stepped out wearing furs and diamonds. As she walked into the house her father said "Hmmm - they seem to be paying secretaries awfully well in London." The daughter took his hands and said "Dad - I've been meaning to tell you something for years but I didn't want to put it in a letter. I can't hide it from you any longer. I've become a prostitute."
and became a
Her father gasped, put his hand on his heart and keeled over. The doctor was called but the old man had clearly lost the will to live. He was put to bed and the priest was called.
As the priest began to administer the sacrament of extreme unction, with the mother and daughter weeping and wail!ing, the old man muttered weakly "I'm a goner --killed by my own daughter! Killed by the shame of what you've become!"
"Please forgive me", his daughter sobbed, "I only wanted to have nice things! I wanted to be able to send you money and the only way I could do it was by becoming a prostitute."
Pushing the priest aside, the old man sat bolt upright in bed, smiling. "Did you say prostitute?....I thought you said you joined Sinn Fein ans became a PROTESTANT!!"
An Irish daughter who had not returned home for more than 5 years, arrived in the kitchen, where her father called her a bitch and a whore.
"Where were ye all this time? Why didn't ye write to us, ye hussy, not one line? Why didn't ye call us ye wrap? Can ye not understand what ye put yer ould mother went through ye thunderin bitch?
She started crying and replied, "Sniff, sniff....daddy....I became a prostitute...."
"Ye what!!? Get to hell out of here, ye shameless whore! Sinner! You're a disgrace to the whole family."
"Alright, daddy, whatever you say, as ye wish. I just came back to give Mammy this luxury fur coat, title property deeds to a ten bedroom mansion, plus a savings certificate for 10 million pounds sterling."
"For me little brother, this gold Rolex watch and for yerself daddy, a sparkling new Mercedes limited edition convertible that's parked outside plus a lifetime membership to the country club.....and an invitation for ye all to come on New Years' Eve on board my new yacht in the Riviera, and........."
"Now tell me agin what was it ye said ye become?" says her daddy.
"Oh! Thanks Be to Jaysus! Ye scared the life out of me, girl! I thought ye said ye became an English Protestant. Come here me girl and give yer ould fella a hug.
The story above may be an amusing anecdote to describe many aspects of modern Ireland, particularly the media mafia and politicians but right now for a certain Irishman dying on a media censored hunger strike in a lonely solitary confinement might dis-agree. While many internationally are aware of his hunger strike very few in Ireland are aware of it because of the Irish media mafia.
Irish prostitutes come in all shapes and sizes but of late, there is hell of a lot of them appearing in the Irish media mafia controlled by British money and their secret agents in MI5. On top of that their is the corporate money from Europe, which has bought out almost all of the News editors, National TV, even the so called Indymedia in Ireland compromised. While Indymedia in almost every country worldwide covers the hunger strike even Indymedia Ireland has censored it
One of the most traumatic events in recent Irish history has been a hunger strike that claimed the life of Bobby Sands and 9 of his comrades in a British internment camp in occupied Ireland. Today another Irishman is dying as he enters the 40th day of a hunger strike protesting for political status and the horrific conditions he has suffered in a sectarian brutal prison system. His former comrades who sold out and have become a highly paid part of the British system in occupied Ireland, have turned their back on their former comrades and the people of no property who supported them in hard times.
As this man who has been in solitary confinement, without food for forty days, there has been both censorship by the media mafia in Ireland and the British black propaganda machine has started a whispering campaign among his own community. This is a common feature of the past, with all Irish who rebel against occupation. In 1887 the British used newspaper, The Times to discredit the Irish Nationalist leader of that time Charles Stewart Parnell with proven forged articles supposedly written by Parnell, called "Parnellism and Crime".
Subsequently Sir Roger Casement the son of an Ulster protestant was executed for treason in August 1916, after he was stripped of his title and honours because of his activities, as an Irish patriot, poet, revolutionary and nationalist. He was originally a British consul famous for his media reports on human rights abuses in colonial Africa and South America. An Irish nationalist and supporter of Parnell in his youth, he worked in Africa in the service of Britain. However, his consular investigation into human rights atrocities in the Congo, led Casement to being an anti-Imperialist and ultimately Irish Republican.
In one report as a British Consular official overseas, detailing the barbarity of colonialism, he wrote, " Men, women, and children were confined in them for days, weeks, and often months. ... Whole families ... were imprisoned--fathers, mothers, and children, and many cases were reported of parents dying thus, either from starvation or from wounds caused by flogging, while their offspring were attached alongside of them to watch in misery themselves the dying agonies of their parents".
Casement retired from consular service in 1913. He then helped form the Irish Volunteers the Chief-of-Staff organize volunteers. He co-wrote the Volunteers' manifesto. In July 1914.Through friendship with Bulmer Hobson another Belfast Protestant republican, they helped organize the Volunteers and the Irish Republican Brotherhood (IRB) for the 1916 rebellion.
In September 1914, Casement tried to secure German aid for Irish independence in New York negotiations with the German Ambassador to the US. He now viewed himself as ambassador of the Ireland. In Oslo, his companion Adler Christensen was taken to the British legation and according to his own words offered a reward to assassinate Casement.
Roger Casement negotiated in Berlin with Arthur Zimmermann, Under Secretary of State and with the Imperial Chancellor, Theobald von Bethmann Hollweg for the shipping of 20,000 rifles to Ireland for an impending rebellion. The German weapons were never landed in Ireland. Despite waiting off-shore for a considerable length of time to land, as per pre-arranged signals from his comrades, on what is now referred to as the "lonely Banna Strand". In the early hours of the morning on the 21 April 1916, three days before the rising began, Casement was put ashore at Banna Strand near Tralee in County Kerry. Too weak to travel, he was discovered at an ancient ring fort now called Casement's Fort and arrested on charges that included treason against the British Crown. He was taken to the Tower of London where he was imprisoned in solitary confinement.
Despite a highly publicised trial the British government, found little legal basis to prosecute Sir Roger Casement because his crimes were carried out in Germany and the Treason Act seemed to apply only to activities carried out on British soil. Besides, Sir Roger was a hero with the British working class, because of his contribution that led to the abolition of slavery. The British Government realized they had to discredit him before they could find him guilty and execute him.
Photographs of so-called "Black Diaries" which the British government claimed belonged to Roger Casement were circulated to the Press. The documents showed Casement to have been a homosexual. On account of pornographic content, they were termed 'Black Diaries', and distinguished from the 'White Diaries' where Casement supposedly omitted sexual references. Why Casement would keep two diaries one with incriminating evidence and then have the time to keep both has never been answered. This was a time of strong social conservatism among Irish Catholics and the Black Diaries undermined and dis-credited Sir Roger Casement among the Castle Catholics. Genuine republicans believe the diaries were like the Parnell incident before him, proven forgeries of a paid British agent called Pigott implicating him in the Phoenix Park Murders.
In 2002, a forensic examination of the diaries, lead by Prof. W.J. MacCormack was funded by RTÉ and the BBC (the national media of Ireland and the UK respectively both under British MI5 intelligence services control) was undertaken by Dr. Audrey Giles. There are questions as to the supposed impartiality of the examination, as Prof. W.J. MacCormack exhibited strong anti-Irish Nationalist sentiments in his book, Roger Casement in Death, or Haunting the Free State, Dublin 2002.Giles compared Casement's White Diaries with the Black Diaries and concluded that the Black Diaries were genuine.Today history repeats itself as an Irish republican dying on hunger strike in solitary confinement, is the victim once again of a British campaign to discredit him in Ireland. You can be absolutely certain that should Liam Hannaway die, he will be discredited relentlessly by the media internationally, on the basis of British Black propaganda once again.
Unlike Sir Roger they are not saying he is gay but there will be a huge campaign to discredit Irish republicans in the media, to deflect from British brutality in occupied Ireland and the brutal British sectarian prison regime that has caused do many deaths in Irish prisons. British black propaganda is relentless with dis-information, causing division among the type of Irish who abandoned Sir Roger Casement on the "Lonely Banna Strand ". They will find plenty of Irish prostitutes to accept the "Queen's Shilling" particularly among the media and politicians.
