One hundred years ago Theodore Roosevelt said, “Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people” and as I catch up on my reading with the blogs of journalist Ian Fraser and Stop HBOS campaigner Nicolette Turner, I am provided with yet more evidence to support Roosevelt’s statement.
It appears that Thames Valley Police’s plan to limit their enquiries into the HBOS Reading scandal means they will not be investigating any high level corporate involvement of former HBOS executives despite ongoing allegations of in house fraud at board level. While victims of the HBOS Reading scandal are naturally up in arms about this decision, ex- HBOS risk management executive and whistle-blower Paul Moore has expressed additional concerns at the way LLoyds Bank is responding to this investigation.
Moore said,” I have even been told by very reliable sources that Lloyds Banking Group is not voluntarily offering to help the police with their enquiries. If this is so, it is scandalous. This alleged fraud is a matter of extreme public importance and interest and it is vital that parliament keeps very close eye on how the police and the FSA are doing their jobs and working together with what is going on, through the Treasury Select Committee and the Justice Committee.”
As ever, when it comes to power and money, smoke and mirrors seem to be the first line of defense. Learning that at least fifty five people have lost their livelihoods along with their companies, as a result of the dishonesty within HBOS, I can’t help wondering how I am ever going to harvest any success in my battle with Lloyds and HBOS myself. Nicolette Turner and her fellow victims of the HBOS Reading fraud have fought for years with very little success in spite of police involvement and repeatedly lobbying both past and present governments for help.
Today I took two of my children for an eye test and when my ten year old son, always ready with an impromptu question, asked the optician,” What is the most disgusting thing you have ever seen?” I found myself searching for a subject that would sit at the top of my own “most disgusting” leader board. I concluded the following,
· Self-indulgence to the detriment of others
· Absence of integrity
· Not taking responsibility for ones actions
In the words of Theodore Roosevelt’s niece Eleanor, “In the long run we shape our lives and we shape ourselves. The process never ends and the choices we make are ultimately our own responsibility.” As the wife of an individual whose business failed due to the economic climate and the simultaneous demise of both Heritable Bank and the property development market I am, according to HBOS, supposed to accept that I am jointly and severely liable for the choices my husband made even though HBOS aided my husband’s decision to keep me financially in the dark.
However, when it comes to Lloyds and HBOS executives, it is evident that they are totally unprepared to embrace their responsibilities with integrity and are pleading that they shouldn’t be held responsible because, allegedly, they were, like me, kept in the dark and unaware of what was going on within their bank. Even though this outrageous double standard is both elitist and downright unfair, there appears to be no governing body prepared to make these "untouchables" accountable. Because of this, social justice is unlikely ever to be attained and the greater good is destined to remain second place to the indulgences of the high ranking corporate individual.This I find truly disgusting.