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Originally Posted by coalition

If we want to discover what real falsity is...we only need look at Banksters Accounts, they are nothing but financial imagination, with the single aim of fraud.

Adam Smith Research Trust 2011

However, this paper argues that banking has become an exception to this
general rule. Recent developments in the accounting rules applied to banks,
and in the broader regulatory framework for banks, have allowed bank
executives to overstate their profits, feeding through into multi-million pound
bonuses for themselves and short-term gains for their shareholders. When
it comes to banks, accounting rules fail to perform their role of avoiding
deception and consequent misallocations of capital. Given banks’ financial
inter-dependence,

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Originally Posted by coalition

It couldn't happen in UK...or has it already occurred

President's Private Sector Survey On Cost Control
A Report to The President (Reagan)
January 15, 1984. Available from the Congressional Research Service.
The excerpt below can be found on page 12.
· "Importantly, any meaningful increases in taxes from personal income would have to come from lower and middle income families, as 90% of all personal taxable income is generated below the taxable income level of $35,000.
· Further, there isn't much more that can be extracted from high income brackets. If the
Government took 100% of all taxable income beyond the $75,000 tax bracket not already taxed, it would get only $17 billion, and this confiscation, which would destroy

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Originally Posted by coalition

Now lets see what Droopy Cameo was protecting.








The City:
The only other possible comparable event to the destruction of our financial integrity is the 1720's South Sea Bubble;

The values of the famous Subscription Shares issued by the South Sea Company in
1720 have to be split into two components before they can be understood. One
component was a fractional claim upon one original share in the firm. The other
component, however, was a bundle of share warrants. The information contained in
share warrant values is potentially helpful in understanding the South Sea Bubble.
Warrant values might also be especially sensitive

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Originally Posted by coalition

Bush, the historical cowards's version of Corporate No Law, is coming to the UK: commit as many frauds on the Taxpayer as you can and when your fraudster tricks are exposed, simply pay a whooping great fine which allows you to continue with as much criminal activity as you wish. HSBC has swindled old aged pensioners for years, they paid off the nasty regulators and had their swindling licence renewed.

US -style justice for the City (Sunday Times...bottom of front page of Business section: is that understandable for the odd ones who find it a chore to Google UK; Jonathan Russel writes...Plea bargaining to settle serious financial crimes could be introduced as early as next year according to politicians and legal experts. Obviously going to be a bumper Xmas and a wonderful depression

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Originally Posted by coalition

On 20th Dec. RBS is called to a meeting in Switzerland to report why it is not paying down interest on Bond Issues E- Mac 2004-IB.V Class C/D Mortgage Backed Securities....in other words, CDS Derivatives toilet paper. Taxpayers would be well advised to empty their Bank Accounts....as they will be raided to cover some sticking plaster payment.
Only a fool would keep money in a Bank these days.
As with all Banksters, this is hidden under RBS offshoot RBS N.V. Each of them will be in Switzerland soon, but only as their Offshore subsidiaries, who issued the Bonds. We are propping up Euro clone offshoots of UK Banksters.