Posts Tagged ‘Corruption’

Banks have taken over the State and got away with it

by Michael Meacher.

Six global banks, two them British, have just been fined £5.6bn in what the FBI has called ‘massive scale’ criminality, yet no individual executive has been prosecuted and no bank has been deprived of its licence to practise which would have happened in any other sector given such monumental wrongdoing. Indeed State regulators have gone […]

Can private banks ever be trusted, after fines of £61n?

by Michael Meacher.

The size of the penalties imposed on the UK’s Big 4 banks for illegal misconduct since the crash in 2008-9 is stunning. It amounts to £42bn already levied up to 2014, plus a further £19bn for conduct and litigation charges this year and next. That £61bn total is a staggering figure, equal by one measure […]

Hound of Hounslow shows non-regulation of banks remains extremely dangerous

by Michael Meacher.

No-one had heard of Navinder Singh Sarao until on 6 May 2010 he ‘spoofed’ the international stock markets while sitting in his room in his parents’ semi in Hounslow and made $879,000 on that day alone and, it is alleged, $40 millions fraudulently over 5 years. He is now awaiting extradition to the US to […]

It’s time for politicians to stop swooning before billionaires

by Michael Meacher.

If you ask people who runs Britain today, they will almost certainly focus (correctly) on the banks, media and corporate bosses, plus the police, lawyers and accountants who are their agents in protecting their supremacy. Politics and finance have become one, with business leaders trooping into No.10 as regularly as heads of state. There’s nothing […]

How to put right the corruption, secrecy and non-accountability rampant in Britain

by Michael Meacher.

The Independent Police Complaints Commission has cleared armed police officers of any wrongdoing over the killing of Mark Duggan over 3 years ago, following an inquest verdict of lawful killing a year ago. However the police officer who fired the fatal shots refused to be interviewed by the IPCC; why could he not be compelled […]

Cameron lets energy privateers write the rules that are supposed to regulate them

by Michael Meacher.

Cameron prophetically described lobbying in 2010 as “the next big scandal waiting to happen”, but by 2015 he has himself made it happen. It was already revealed some months ago that senior representatives from the Big 6 energy companies had been seconded to the Department of Energy and Climate Change (DECC) to ‘advise’ ministers on […]

Whistleblowers do more to hold governments to account than parliaments

by Michael Meacher.

Whistle-blowers are worth their weight in gold, though governments certainly don’t think so. Some of the most important things we’ve learnt about the nature of the societies we live in have come exclusively from whistle-blowers, without whose help the democratic holding of governments to account in critical areas of policy would have been impossible. The […]

This election should be about ridding Britain of the stench of corruption

by Michael Meacher.

It is incredible how the reports of corruption in Britain are now going from bad to worse almost every single day. HSBC’s original lame excuse for the massive tax evasion engineered by its Swiss bank in Geneva was that it was previously run on a ‘federated’ basis so that central controls were much looser. Yet […]

MPs and second-jobbing

by Phil Burton-Cartledge.

Didn’t they do well? Malcolm Rifkind and Jack Straw have done a blinder dragging Parliament’s reputation through the muck yet again. Fair play to The Telegraph too, who teamed up with C4 Dispatches to complete the sting. Fortuitous timing too, this has helped push the paper’s recent difficulties down the memory hole. Yet Rifkind and […]

Jack Straw is “mortified” to have been caught but completely lacking in remorse

by Jon Lansman.

A couple of terms in student politics after Uni, local councillor before that was even over, another couple of years doing something outside politics, candidate in an unwinnable seat, few years as a SpAd, couple of years in the media and then into parliament. He was a model for so many New Labour wannabes to come. […]

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