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Written evidence to the Parliamentary Commission on Banking Standards

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Parliamentary Commission on Banking Standards Submission from Ian Fraser, 24 August 2012 [Update: January 12, 2013. This is my submission to the Parliamentary Commission on Banking Standards, which is being chaired by Andrew Tyrie MP. Written in August 2012, it was published on the Parliamentary website [pdf 28mb] on December 19th, 2012 …

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Let’s emancipate ourselves from financial slavery

In Blog by Ian Fraser3 Comments

August 7th, 2012 By Paul Moore Ian Fraser’s introduction: Paul Moore, the ‘HBOS whistleblower’, has launched a new organisation, the New Wilberforce Alliance, which aims to free the world from the modern-day slavery caused by the financialisation of our culture that took root in the 1980s. Here, Moore explains how …

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Britain ignores this epidemic of financial crime at its peril

In Blog by Ian Fraser3 Comments

August 1st, 2012 (minor revisions September 4th 2012) by Rowan Bosworth-Davies The most prestigious names in the British banking and finance routinely engage in criminal activities on a scale that would make any Mafia family proud. Whether it’s by facilitating international money-laundering; manipulating markets through Libor rigging; institutionalised insider dealing; misappropriating …

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Guest Post: The Libor crime scene will soon be expanded

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July 16th, 2012 By The Left Banker Image: WilliamBanzai7 For the past 30 years, the global economy has built up increasingly vast amounts of public, private and household debt. This was to compensate for the fall in real wages and to avoid a repeat of the crisis of over-production of goods …

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The Royal Bank of Scotland’s world of pain

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By Ian Fraser Published: July 15th, 2012 Published: Sunday Herald In his glory days Fred Goodwin aspired to make Royal Bank of Scotland a global bank on which the sun never set. Corporate videos extolling the group’s global reach were routinely played at investor meetings. His legacy is a world …

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Talking Li(e)borgate on the Keiser Report

In Blog by Ian Fraser2 Comments

July 13th, 2012 On Tuesday, I was interviewed by Max Keiser of the Keiser Report about the UK’s lack of appetite for prosecuting  ‘white collar’ crime. Max also asked me about the Libor rigging scandal, swaps misselling by UK banks, and much else besides. The progeamme was broadcast on Wednesday …

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Warning: These can seriously harm your financial health

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July 8th, 2012 Another great piece of work by William Banzai (WilliamBanzai7) As The Economist said in its excellent “The rotten heart of finance” article:- Over the past week damning evidence has emerged, in documents detailing a settlement between Barclays and regulators in America and Britain, that employees at the …

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Sir Marcus Agius — not very Herculean

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July 4th, 2012 Marcus Agius, the in-and-out chairman of Barclays, fails to convince in this interview with Faisal Islam. When asked if Diamond had resigned because he was told to by the governor of the Bank of England, Mervyn King, and the chairman of the FSA Lord Turner, Agius fails to answer, …

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Psy-Fi blog: On the corrosion of moral leadership

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July 3rd, 2012 This post was first published on the Psy-Fi blog on June 29th, 2012. It is republished with permission.    Image courtesy of Zerohedge Libor Illegality News that Barclays has been fined for Libor manipulation in both the UK and in the US — and that there are likely to be many more …