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Tuesday, 28 December 2010

Tuesday, December 28, 2010 Posted by Jake No comments Labels: , , , , , , , ,
Having just reached our fiftieth “Ripped-Off Britons” cartoon in the Guardian, and with the imminent end of 2010, we would like to wish our readers a better New Year than the last one. Why are we so mean-minded? Why not wish you all prosperity? Prosperity is a dubious thing to be wished in a Britain where prosperity has become a threat wielded by the well connected to fend off justice and regulation.


Britain’s treatment of BAE Systems, our country’s biggest remaining manufacturing company, perhaps provides the clearest example. An arms dealer whose defence against prosecution for corruption is not innocence, but loss of prosperity and jobs. A defence that continues to succeed to such a great extent that while some investigations are completely abandoned, even the recently ended legal case in the British High Court was not about whether and to what extent the perpetrator should be punished, but about whether and to what extent the victims should be punished. The Serious Fraud Office, having capped the fine and issued a blanket get-out-of-jail card to BAE over their mischievous, we dare not use the C word, sale of a military air-traffic control radar to a country with virtually no air-force had also agreed that any further fine should be paid by the people of Tanzania. In the form of a deduction from their £30m in compensation money. The SFO clutches at BAE’s straw promise that it has reformed. After all, it’s always worth clutching at straws if someone else is drowning – isn’t it? And BAE’s stench drifts in over the channel from distant lands. In Britain the company only brings prosperity and jobs.


The Financial Services Industry, on the other hand, craps on its own doorstep. For years we have known that we are ripped off by providers of financial services from every angle. As customers we are ripped off by rapacious charges for our borrowings and pitiful returns on our savings. As pension fund holders we are ripped off by the excessive extraction of profits to pay for ridiculous bonuses, leaving our pension funds with meagre compensation for the excessive charges and pitiful returns we suffered to create those profits. And we are comprehensively ripped-off as taxpayers, as has been seen by the massive fines imposed on the industry by the less compromised US authorities, most recently on Deutsche Bank, for aiding tax evasion, and threatened most recently on Ernst & Young for aiding and abetting the ‘Repo 105’ tactics of big banks to hide their swingeing debts culminating in the Credit Crisis.


Friday, 24 December 2010

Friday, December 24, 2010 Posted by Hari No comments Labels: , , , , , , , , ,
Something's rotten in Santa's grotto...

Wednesday, 22 December 2010

Wednesday, December 22, 2010 Posted by Hari No comments Labels: ,
Chris and Fee develop a conscience, and help KJ save face

Monday, 20 December 2010

Monday, December 20, 2010 Posted by Hari No comments Labels: ,
Compulsory insurance works best for everyone, especially the salespeople

Friday, 17 December 2010

Friday, December 17, 2010 Posted by Hari No comments Labels: ,
KJ, Fee and Chris want to set up an insurance business

Wednesday, 15 December 2010

Wednesday, December 15, 2010 Posted by Hari No comments Labels: , ,
Chris and Fee lament the health secretary's push to make the NHS save £20bn by 2014

Monday, 13 December 2010

Monday, December 13, 2010 Posted by Hari No comments Labels:
KJ and Fee on individual efforts to combat global warming

Friday, 10 December 2010

Friday, December 10, 2010 Posted by Hari No comments Labels: , ,
Chris and KJ discuss the FSA's investigation into the Royal Bank of Scotland

Wednesday, 8 December 2010

Wednesday, December 08, 2010 Posted by Hari No comments Labels: , , ,
Chris, Fee and KJ debate whether consumers really are duped by retailers' crafty pricing strategies

Monday, 6 December 2010

Monday, December 06, 2010 Posted by Hari No comments Labels: ,
KJ develops a website for frustrated single tax payers

Friday, 3 December 2010

Friday, December 03, 2010 Posted by Hari No comments Labels: , , , , ,
Why giving your time for free is the perfect CV material

Wednesday, 1 December 2010

Wednesday, December 01, 2010 Posted by Hari No comments Labels: , , , ,
KJ and Fee talk about how to make WikiLeaks turn their attention to UK banks

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