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Banking’s ‘Milly Dowler’ moment

June 29th, 2012 This is banking’s ‘Milly Dowler’ moment. Finally the blinkers are off and the rest of the world (by which I mean people like leading politicians and the mainstream commentariat) is waking up to the culture of self serving greed and corruption that has infested the UK’s banking sector, about which I’ve been […]

June 29th, 2012 | Posted in Blog | Read More »

The Economist loses the plot with this pro-City propaganda

January 7th, 2012 I was surprised and disappointed when I opened my copy of The Economist on Friday morning. The magazine is running a feebly-argued propaganda piece headlined “Save the City” as its cover story. The piece vaunts the “skills” that are to be found in the City of London and seeks to persuade us […]

January 7th, 2012 | Posted in Blog | Read More »

The true cost of the FSA’s blindness to UK bank corruption

December 16th, 2011 Here is the half hour interview I gave to Dori Smith of US-based Talk Nation Radio on December 9th, 2011. There theme is the wilful blindness of the Financial Services Authority to corruption in the UK banking and finance sector. Produced by Dori Smith in Storrs, Connecticut, USA Download at Pacifica’s Audioport here or […]

December 16th, 2011 | Posted in Blog | Read More »

George Osborne’s cuts aren’t working for the UK economy

November 24th, 2011 Andrew Brigden of Fathom Consulting, a London-based economic and financial markets consultancy, has been poring over the latest UK economic data and concluded that austerity isn’t working for the UK economy. He says:- “Excluding government consumption, final domestic demand is currently 9.1% below its pre-recession peak and is just 1% higher than its trough. […]

November 24th, 2011 | Posted in Blog | Read More »

On banking, David Cameron is either clueless or a liar

October 5th, 2011 David Cameron displayed an astonishing lack of understanding of the banking sector in his interview with Sarah Montague on the BBC Radio 4 Today programme on Tuesday morning (as, I’m afraid, did Sarah, given her blinkered obsession with “bonuses”). If Cameron’s stumbling performance was due to ignorance, then it’s inexcusable. If it’s […]

October 5th, 2011 | Posted in Blog | Read More »

James K Galbraith: Wall Street so riddled with fraud, it’s beyond repair

October 3rd, 2011 So it was endemic fraud and the collapse of the rule of law—not global imbalances or government and regulatory failure—that destroyed the financial system. In a keynote speech given at the Post Keynes conference in Denmark earlier this year, the Keynesian economist James K. Galbraith of the L.B.J. School of Public Affairs at the University of Texas at […]

October 3rd, 2011 | Posted in Blog | Read More »

Without a proper inquiry into what went wrong, Vickers is pissing into the wind

By Ian Fraser Published: QFINANCE Date: September 14th, 2011 The Independent Banking Commission was established by the UK’s coalition government in June 2010 as a means of kicking a thorny and divisive issue into the long grass. At the time, the divisions within the coalition government over what to do about the UK’s bloated and dysfunctional banking sector were […]

September 14th, 2011 | Posted in Article Library,Latest Articles | Read More »

The City needs rehab; it’ll say ‘no, no, no’

August 11th, 2011 When my ex-boss Roger Neill launched the Centre for Creativity at City University London in winter of 2009, he staged a “Big City Brainstorm” which pulled together a diverse group of people – including several from the City of London. Roger and other people behind the CfC wanted to find ways of addressing […]

August 12th, 2011 | Posted in Blog | Read More »

Britain now ‘a financial rogue state, subverting safer finance’

March 29th, 2011 A report just out from the New Economics Foundation reveals that the UK has learnt nothing from the financial crisis of 2008-11. The report, co-authored by the foundation’s Andrew Simms and Lydia Prieg, reminds us that the coalition government — still very much in the thrall of bankers and the City of London — […]

March 29th, 2011 | Posted in Blog | Read More »

We do have among the most heavily taxed fuel in the world in the UK

By Ian Fraser Published: Newsnet Scotland Date: Wednesday March 12th, 2011 George Osborne is a very different animal from the more bombastic Gordon Brown but judging by this afternoon’s performance, there are some similarities. Both like to stuff their budgets full of minor fiscal tinkering, unleashing a torrent of bamboozling fiscal tweaks and superficial measures […]

March 12th, 2011 | Posted in Article Library | Read More »