Monday, 1 April 2013

Right and Wrong

Leading romantic poet, army officer and popular spokesman for Roman Emperor Augustus Quintus Horatius Flaccus once said, “A portion of mankind takes pride in their vices and pursues their purpose; many more waver between doing what is right and complying with what is wrong” and little illustrates this more effectively than the current relationship between the government, the banks, their regulators and their victims.

Paralysed by potential for further unfavourable economic consequence, our government remains malleable in the hands of our unprosecutable banksters.  Discretely exploring “The Bank Confiscation Scheme for UK and US Depositors” to cover future bank bailouts, their mantra is forgive and forget in the name of economic recovery and their course is set for redirecting both the blame and the costs of the crisis onto the shoulders of the most vulnerable. Insisting the bankers lucrative history of over-zealous incentivising is merely misguided rather than criminal , our politcians and regulators have used smoke and mirrors to conceal the full extent of the banksters crimes (many of which have yet to immerge) hoping they will pass unnoticed by the silent and unsuspecting majority.

Before taking up office, David Cameron famously said, "We all know, in our hearts, that as long as there is deep poverty living systematically side by side with great riches, we all remain the poorer for it" yet this week, as a direct result of banker bailouts, “an avalanche of benefit cuts will hit the same households over and over, with no official assessment of how far this £18bn reduction will send those who are already poor, into beggary”. In contrast, financial regulators repeatedly excusing corporate criminality on the governments instruction have failed to persuade those who reaped their illicit rewards, without prosecution, to employ moral fiber to tailor their future. As a result, a culture of entitlement for failure lives on amongst the very people whose avarice sentenced millions to a lifetime of hardship.

And nor have
  • HBOS, the worst bank in the world, who have refused to answer all further correspondence from me, seen fit to furnish me with the information I ask of them via my Data Subject Access Request.
I have, however received word from my newly appointed Financial Ombudsman Service adjudicator who informs he is (at long last I might add) looking forward to securing a response to my HBOS miss selling case from...


Quintus Horatius Flaccus also said, “It is no great art to say something briefly when, like Tacitus, one has something to say; when one has nothing to say, however, and none the less writes a whole book and makes truth into a liar - that I call an achievement” and if lip service to banking reform and the reams of meaningless correspondence I have regularly had the misfortune to receive from both Halifax Bank of Scotland and the Financial Ombudsman Service is anything to go by, 

I find that Quintus Horatius Flaccus is definitely not wrong!! 

1 comment:

  1. Hi Caroline - I can almost hear the wringing of hands from here (New Zealand). Whatever you do don't lose heart; the groundswell of support for the victims is greater than anything the incumbent can engender.

    As I am not a victim per se (despite an account at Barclays); I am even more staggered that Labour has not seen fit to announce it will initiate a criminal investigation the day it is re-elected and press for prosecutions where warranted. Moreover, it could easily announce it would not honour the DPAs or limit them to acts in the USA only. I am confident the public would support this wholeheartedly. Sure the City would suffer but we all need to be aware that North Sea oil in the 70s and 80s heyday accounted for a similar proportion of GDP and when it declined it wasn't the end of the world. Somehow the genie has to be put back in the bottle.

    All the best - Ashley