Merry Xmas

2012; the year of the Bent Banks.

Compiled and researched by Ben Walsh; Reuters.

http://blogs.reuters.com/felix-salmon/2012/12/19/counterparites-2012-the-year-of-bank-fraud/

Additions by Ian Taplin;Whistle Blowers UK.

www.whistleblowersuk.org

21 12 2012.

Bank of America:

the US Justice Department is seeking $1 billion in fines for troubled loans sold to Fannie and Freddie; MBIA’s lawsuit against Countrywide, which was disastrously acquired by BofA, rolls on; BofA is one of five banks participating in the $25 billion national mortgage settlement. (Price to book: 0.56, here and throughout via Yahoo Finance)

Bank of China:

the families of Israeli students killed in a 2008 terrorist attack are suing the BOC for $1 billion “intentionally and recklessly” handling money for terrorist groups.

Bank of New York Mellon:

a subsidiary paid $210 million to settle claims it advised clients to invest in Bernie Madoff’s ponzi scheme; the DOJ continues to investigate possible overcharges for currency trades that it says generated $1.5 billion in revenue. (Price to book: 0.86)

Barclays:

$450 million settlement in the Libor scandal; also fined by the FSA for mis-sold interest rate hedges. (Price to book: 0.72)

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Roll up Parliament and pack it away.

Let me introduce you to Nikki Turner whom I have invited to write as a guest contributor and fellow founder of Whistle Blowers UK.

whistleblowersuk.org

Nikki’s letter was posted on Ian Fraser’s Blog site.Ian is one of our best journalists on matters of banking fraud.

http://www.ianfraser.org/dear-mr-cameron-if-bankers-are-above-the-law-we-need-an-urgent-explanation/

Here is Nikki’s letter.

Dear Mr Cameron: Please explain why bankers are now considered above the law

December 15th, 2012

An open letter to David Cameron, the Prime Minister of the United Kingdom of Great Britain and Northern Ireland, from Mrs N Turner

Dear Mr Cameron,

I and many other people were stunned by the quotes from Mr Andrew Bailey, the chief executive-designate of the Prudential Regulation Authority, which were reported in the Daily Telegraph yesterday (December 14th, 2012).

Mr Bailey seems to have confirmed that, irrespective of their criminal actions, banks are not only “too big to fail”; they are also “too big to prosecute”. In an interview with the Telegraph, Mr Bailey said that prosecuting banks and by implication their executive and non-executive directors,

“would be a very destabilising issue. It’s another version of too important to fail. Because of the confidence issue with banks, a major criminal indictment, which we haven’t seen and I’m not saying we are going to see… this is not an ordinary criminal indictment.”

Mr Cameron, unless I am completely mistaken, Mr Bailey seems to be telling us that banks, and therefore bankers, are now officially considered to be above the law in this country and that, in the interests of confidence in the banking industry (which is already at rock bottom among the British public, and therefore can hardly sink any lower), they cannot be prosecuted.

I am writing to ask you, as Prime Minister, for some clarification.

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The Lloyds Bank Whistle Blower

The Financial Services Authority-the FSA-have asked to see the Lloyds Bank Whistle Blower,Ian Taplin,for a second time in 2 months;which is an indication of how seriously the regulators regard the Whistle Blowers allegations of serious misconduct at senior levels-within Lloyds Bank.

Ian Taplin, 54,a Private Banking Adviser was dismissed from LTSB Wealth and Private Bank in 2010 for gross misconduct-for insisting his Complaints of misconduct were taken seriously;and for persisting in his escalation of his complaints to senior levels.

The manner in which I,as a British citizen-an employee and genuine Whistle Blowing -was treated by a British Company -right here in the UK -is alarming.Lloyds Bank acted as if our laws were non-existent.

Ian  Taplin accuses Lloyds Bank of ignoring UK  legislation-which is meant to protect whistle blowers; he explains ;-

“The manner in which Lloyds deal  with an employee whom is Whistle Blowing and supposedly protected by UK Law -is frightening and deeply worrying. (more…)

And still the looting goes on

Dear Friends

I have selected an article  from the Financial Times, which you can read below,  because it shows that nothing has changed .

The Financial Times  has scrutinised the senior level pay of 13 global banks.

This article paints an alarming picture that the banking leaderships are effectively trashing their own shareholders and looting  their own banks

These banks are still underwritten by you -the taxpayers and the citizens.These banks are still pregnant with dangerous risks and they are still too big too fail.

Alarmist? Scaremongering ?

No ;this is real ;check it out now.

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Commentary of the fightback of the Lloyds Bank Whistle Blower.

Ian Taplin,the Lloyds Bank Whistle Blower is alive and well and ungagged.The brave man is recovering well from his impact with an agricultural metal vehicle which broke his scapula bone and bent his Galaxy.

The Lloyds Bank Whistle Blower in such a recovery,,was therefore enabled to enjoy the gift of time,space and peace awarded to him from an unknown and unlikely benefactor-otherwise known as the “Wiltshire agricultural blind man”.; who drove his pick up truck into the Lloyds Bank Whistle Blower’s Galaxy-without permission.

Luckily Ian Taplin has now acquired a new Galaxy and is testing it out with promising results.

Mr Taplin ,53,thus in recovery and in a place of a gift of time space and peace-then set about reading and thus acquiring more knowledge about how to solve the problems of the world,and Lloyds Bank apparent corruption- from his house on the outskirts of Maidenhead. (more…)

Are Senior Bankers exempt from legal scrutiny?

A version of this edited letter has been Posted on the comments page of the UK paper the Guardian.The letter was written in response to an article published in the Guardian,by Joris Luyendijk.

Joris Luyendijk’s article,published 27 December 2011 is headed;-

“WHERE ARE THE WHISTLEBLOWERS?”

SEE BELOW FOR THE ARTICLE

The Guardian is a world respected quality UK paper who lead on important social justice issues.

This is my edited posted comment;-

Dear Joris,

A good article and timely too.

However you will be interested to know there is a Whistle Blower who worked for Lloyds Private Bank and Wealth Division, who has a website dedicated to relating his experiences whilst working at Lloyds,2005-2010.

This whistle blower is me,and should you want further information- then please contact me.

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Merry Xmas to the Select Lloyds Bank Directors!

Make the most of the merriment whilst you can –because in 2012 the Select Lloyds Bank Directors could well be investigated by a more confident regulator concerning your decisions and actions.

Such decisions and actions relate to your blatant intimidation,bullying and obstruction of a UK citizen who worked for you and tried to report what he believes are examples fraud,corruption and widespread mis-selling being tolerated by you-the Select Directors of Lloyds Bank.

You know who you are! Each and every one of you-the Select Directors of LloydsBank- have failed to adhere to UK law embedded in the Financial Services and Markets Act 2000;each and every one of you have failed to uphold your own Codes of Conduct .

Each and every one of you have failed to fulfill your own legal and professional obligations which you are required to do so under UK Regulatory Law and to uphold the Financial Services Authority Principles.

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An ode to St Paul and all True Christians.

By Ian Taplin

True Christians would have invited all the camping protestors to sleep overnight,every night, in the warmth of St Paul’s Cathedral.

True Christians would realise that these protestors are fighting for the very values Jesus and St Paul preached upon.

True Christians would invite the protestors, into their Church and let them share their concerns and tell their story.

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Ian Taplin, the Lloyds Bank Whistle Blower makes a promise to help London’s St Paul’s  Protestors in their campaign for real and effective change in the regulation of Britain’s Banks.

“Calling Britain,the London Protestors,the Wall Street Protestors,calling Rome, Madrid, Berlin- calling the world!”

“Help with just 15,000 more hits to reach 100,000 hits and I will officially begin my campaign;-

“The  Public Interest Defence v Lloyds Bank,its Board and its unethical behaviour”.

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