Dishonoured: How Goodwin’s role in banking crisis made him an ‘exceptional case’

Thank God- now we rejoice Fred has lost his gong and all is well with the Banking system- Comrade Brownski relaxed the rules- fine!
The FSA never even noticed- or ignored purposely what was happening.
The banking fruad can continue- The city and Westminster got rid of Fred, their hated one.
We shall still be forking out BILLIONS IN USARY to the Rothschild dynasty – that bleeds BRITAIN to death…..Ah but Fred lost his gong….The Plebs have been appeased- bankers can carry on now with their banking SCAMS!

APPEASED- HYPOCRACY- PETTY- WELCOME BACK FRED- YOU’RE A MEMBER OF THE RIFF-RAFF ONCE AGAIN.

All those thiefing ministers- and Peers, what now for them?

THE MOB WANTS MORE AND MORE!

Dishonoured: How Goodwin’s role in banking crisis made him an ‘exceptional case’
Queen ‘cancels and annuls’ the knighthood of Fred Goodwin, the former chief executive who presided over the near-collapse of the Royal Bank of Scotland

Oliver Wright Wednesday 01 February 2012

The former head of the Royal Bank of Scotland, Fred Goodwin, was stripped of his knighthood yesterday and effectively blamed by the Government for starting Britain’s worst recession since the Second World War.

Mr Goodwin was informed of the decision by the head of the Civil Service, Sir Bob Kerslake, after the annulment was ratified by the Queen. Sources at the Cabinet Office said Mr Goodwin had told Sir Bob he “expected it would happen” and described the conversation as “short” but “amicable”.

But last night some senior MPs and banking industry insiders expressed unease that Mr Goodwin was being made a scapegoat for the credit crunch of 2008. “There are far more people involved in the causes of the financial crisis than just Fred Goodwin,” said the Labour MP John Mann, who questioned Mr Goodwin when he appeared before the Treasury Select Committee in 2009. “If this is the way we are going we should not just be looking at him, we should be looking at other senior bankers and regulators,” Mr Mann said.

A senior banking industry representative added: “It does seem a little bit intemperate. People have been to prison and have knighthoods but they have taken Goodwin’s off him. We appear to be bowing to the mob.”

The Cabinet Office said the knighthood – awarded to Mr Goodwin in 2004 for services to banking – was removed on the Forfeiture Committee’s advice because Mr Goodwin had brought the honours system “into disrepute”. It said his record as chief executive of RBS, which had to be bailed out by taxpayers in 2008, meant it was “an exceptional case” so normal rules about removing knighthoods did not need to be followed.

Honours cannot normally be withdrawn unless a recipient has been jailed for more than three months, or is struck off by professional or regulatory authorities for actions directly relevant to their granting. But the Cabinet Office said: “In 2008, the Government had to provide £20bn of new equity to recapitalise RBS and ensure its survival and prevent the collapse of confidence in the British banking system. Subsequent increases in government capital have brought the total necessary injection of taxpayers’ money into RBS to £45.5bn.

“Both the Financial Services Authority and Treasury Select Committee are clear that the failure of RBS played an important role in the financial crisis of 2008-09 which, together with other macro-economic factors, triggered the worst recession in the UK since the Second World War and imposed significant direct costs on British taxpayers and businesses. Fred Goodwin was the dominant decision-maker at RBS at the time.”

Mr Goodwin, now 53, was forced to stand down as chief executive and take early retirement in October 2008 after the bank had to be bailed out.

Although the Forfeiture Committee is made up of senior civil servants, Mr Goodwin’s fate was sealed when David Cameron called for the knighthood to be taken away. Speaking yesterday Mr Cameron said: “The FSA report into what went wrong at RBS made clear where the failures lay and who was responsible. The proper process has been followed and I think we’ve ended up with the right decision.” The Labour leader Ed Miliband said: “I think it’s only the start of the change we need in our boardrooms. We need to change the bonus culture and we need real responsibility right across the board.”

Others who have been stripped of their honours include the spy Anthony Blunt and the former Romanian dictator Nicolae Ceausescu.

If Fred’s lost his… Controversial honorees

The removal of Fred Goodwin’s knighthood has alerted the nation to the existence of a previously hidden Honours Forfeiture Committee, and made people think of others besides the ex-head of RBS to whom this committee should turn its attention. However, while it is possible in law to strip some people of their honours, others are untouchable, such as members of the House of Lords under rules successive governments have been strangely reluctant to change. Here are a few people who might qualify for the Goodwin treatment, if the will was there:

Sir Clive Thompson

Some 150,000 families on low incomes had Christmas ruined when the savings club Farepak collapsed in 2006. They each lost about £400. The chairman of Farepak’s parent company was the ostentatiously rich Sir Clive, who was knighted in 1996 for services to industry. He is facing possible disqualification as a company director because of the scandal.

Sir Victor Blank

Knighted in 1999 for services to the financial industry, Sir Victor took over Lloyds TSB in 2006 and secured the largest deal in the bank’s history when it merged with HBOS. He steered the new company to the verge of bankruptcy, before it was rescued by the taxpayer in a £17bn bailout.

Sir Mervyn King

The Governor of the Bank of England was warned in August 2007, a month before everyone else, that Northern Rock had serious problems, but did nothing to prevent the first run on a British bank in decades. He then “panicked”, according to angry MPs, yet stayed in his job and last year picked up a knighthood.

Sir Callum McCarthy

Sir Callum was chairman of the Financial Services Authority – the chief regulator of the banks – from 2003 to 2008, and moved to a senior job in the Treasury just before the start of the crisis he had failed to avert or foresee. He was knighted for services to the finance sector in 2005.

Sir Mark Thatcher

The former Prime Minister’s son inherited his baronetcy from his father, who was rewarded for being a loyal consort. If a lifetime of acting like a spoilt brat does not qualify him to have his knighthood taken away, his involvement in the failed “Wonga” coup in Equatorial Guinea in 2004 and other strange deals surely does.

Lord Taylor of Warwick

No sooner was the former Tory peer out of prison, after serving four months of a one-year sentence for fiddling his expenses than he boldly announced his intention to resume his seat. Other peers have made it plain that he is not welcome, but he retains his title.

Lord Archer of Weston-super-Mare

The millionaire writer and former Tory activist has not set foot in the Lords since he received a four-year jail sentence in 2001 for perjury, but his title is not affected.

Baroness Uddin of Bethnal Green

Pola Uddin had her membership of the House of Lords suspended for 18 months in October 2010 and was ordered to pay back £150,000 in expenses she should never have claimed. But she will be able to return to the Lords later this year.

…and those who have lost honours before

Others who have been stripped of their titles include the financier Jack Lyons, jockey Lester Piggott, boxer Naseem Hamed, Soviet spies Anthony Blunt and Kim Philby, cricket tycoon Allen Stanford, and the dictators Benito Mussolini, Nicolae Ceausescu and Robert Mugabe.

http://www.independent.co.uk/news/uk/politics/dishonoured-how-goodwins-role-in-banking-crisis-made-him-an-exceptional-case-6297691.html

BritishFreedom on 11 May 2011

Understanding communism today and it’s far reaching effects on our society through institutions like the Fabian Society, and understanding it’s ultimate aim to destroy Nations, Cultures and Traditions in order to bring about a One World Government.. Known today as the New World Order

Category:
Education

Fabian Society and their Secret Agenda Part 1/2.

Fabian Ministers….

In the last century, members of the British Fabian Society dynastic banking families in the City of London financed the Communist takeover of Russia. Trotsky in his biography refers to some of the loans from these British financiers going back as far as 1907.
Fabian Bankers- how convenient- handed our money by Fabian Ministers!

“The Real Enemy [to All of Us] is Israel and World Zionism”

Rothschilds & Rockefellers – Trillionaires Of The World
Learn your history before it repeats on you.

By “New World Order”

“Money is Power”, or shall we say, “The Monopoly to Create Credit Money and charge interest is Absolute Power”. (Alex James)

Amsel (Amschel) Bauer Mayer Rothschild, 1838:

“Let me issue and control a Nation’s money and I care not who makes its laws”.

Letter written from London by the Rothschilds to their New York agents introducing their banking method into America:

“The few who can understand the system will be either so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while, on the other hand, that great body of people, mentally incapable of comprehending the tremendous advantage that Capital derives from the system, will bear its burden without complaint and, perhaps, without even suspecting that the system is inimical to their interests.”

Nathan Rothschild said to the Commons Secret Committee on the question early in 1819: “In what line of business are you? – Mostly in the foreign banking line. “Have the goodness to state to the Committee in detail, what you conceive would be the consequence of an obligation imposed upon the Bank [of England, which he owned] to resume cash payments at the expiration of a year from the present time? – I do not think it can be done without very great distress to this country; it would do a great deal of mischief; we may not actually know ourselves what mischief it might cause. “Have the goodness to explain the nature of the mischief, and in what way it would be produced? – Money will be so very scarce, every article in this country will fall to such an enormous extent, that many persons will be ruined.”

The director of the Prussian Treasury wrote on a visit to London that Nathan Rothschild had as early as 1817: “.., incredible influence upon all financial affairs here in London. It is widely stated.., that he entirely regulates the rate of exchange in the City. His power as a banker is enormous”.

Austrian Prince Mettemich’s secretary wrote of the Rothschilds, as early as 1818, that: “… they are the richest people in Europe.”

Referring to James Rothschild, the poet Heinrich Heine said: “Money is the god of our times, and Rothschild is his prophet.”

James Rothschild built his fabulous mansion, called Ferrilres, 19 miles north-east of Paris. Wilhelm I, on first seeing it, exclaimed: “Kings couldn’t afford this. It could only belong to a Rothschild!”

Author Frederic Morton wrote that the Rothschilds had: “conquered the World more thoroughly, more cunningly, and much more lastingly than all the Caesars before…”

As Napoleon pointed out: “Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest “- he cancelled debt and interest in France – hence the Battle of Waterloo.

Some writers have claimed that Nathan Rothschild “warned that the United States would find itself involved in a most disastrous war if the bank’s charter were not renewed.” (do you see the similarities here? If you don’t play the game an economic disaster will fall on you and you will be destroyed.)

“There is but one power in Europe and that is Rothschild.” 19th century French commentator.

Lord Rothschild (Rockefellers and Rothschilds’ relatives) in his book The Shadow of a Great Man quotes a letter sent from Davidson on June 24, 1814 to Nathan Rothschild, “As long as a house is like yours, and as long as you work together with your brothers, not a house in the world will be able to compete with you, to cause you harm or to take advantage of you, for together you can undertake and perform more than any house in the world.” The closeness of the Rothschild brothers is seen in a letter from Soloman (Salmon) Rothschild to his brother Nathan on Feb. 28, 1815, “We are like the mechanism of a watch: each part is essential.” (2) This closeness is further seen in that of the 18 marriages made by Mayer Amschel Rothschild’s grandchildren – 16 were contracted between first cousins.

“Centralisation of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.” The Communist Manifesto. In the case of the Bolshevik revolution, Rothschilds/ Rockefellers’ Chase Bank owned the state. In the US, the FED owners “own” the state.

Rothschilds’ favorite saying who along with the Rockefellers are the major Illuminati Banking Dynasties: “Who controls the issuance of money controls the government!”

Nathan Rothschild said (1777-1836): “I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain’s money supply controls the British Empire and I control the British money supply.”

Rockefeller is reported to have said: “Competition is a sin”. “Own nothing. Control everything”. Because he wants to centralize control of everything and enslave us all, i.e. the modern Nimrod or Pharaoh.

The Rothschild were behind the colonization and occupations of India and the Rothschild owned British Petroleum was granted unlimited rights to all offshore Indian oil, which is still valid till this day.

“Give me the control of the credit of a nation, and I care not who makes the laws.” The famous boastful statement of Nathaniel Meyer Rothschild, speaking to a group of international bankers, 1912: “The few who could understand the system (cheque, money, credits) will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The boastful statement by Rothschild Bros. of London.

These people are the top masterminds and conspired for the creation of illegal FEDERAL RESERVE BANK in 1913: Theodore Roosevelt, Paul Warburg – Representative Of Rothschild, Woodrow Wilson – U.S. President Signed FED Into Act, Nelson W. Aldrich – Representative Of Rockefeller, Benjamin Strong – Representative Of Rockefeller, Frank A. Vanderlip – Representative Of Rockefeller, John D. Rockefeller – Rockefeller Himself, Henry Davison – Representative Of J. P. Morgan, Charles Norton – Representative Of J. P. Morgan.

In the last century, members of the British Fabian Society dynastic banking families in the City of London financed the Communist takeover of Russia. Trotsky in his biography refers to some of the loans from these British financiers going back as far as 1907.

http://www.citizensamericaparty.org/israel.htm

Ashley Mote (EU): “Mr President, I wish to draw your attention to the Global Security Fund, set up in the early 1990s under the auspices of Jacob Rothschild. This is a Brussels-based fund and it is no ordinary fund: it does not trade, it is not listed and it has a totally different purpose. It is being used for geopolitical engineering purposes, apparently under the guidance of the intelligence services.” “I have previously asked about the alleged involvement of the European Union’s own intelligence resources in the management of slush funds in offshore accounts, and I still await a reply. To that question I now add another: what are the European Union’s connections to the Global Security Fund and what relationship does it have with European Union institutions? “Recently, Ashley Mote of the European Union (EU) asked this volatile question in a public EU meeting, a question never answered, as Mr. Mote, merely by asking this question, was immediately scratched from the White House Christmas card list and placed on its top ten hit list. The Illuminati’s cash cow, grazing freely on the World wide pasture of greenbacks, isn’t called “Elsie” but instead is called the Global Security Fund, a name actually meaning in the secret cult’s language Global Terrorist Fund. In simple terms, it’s a gigantic illegal trust fund, estimated by undercover overseas financial investigators at 65 trillion dollars, set-up for “Illuminati rainy days” and established when it is desperately needed in a pinch for bribery, assassinations and sponsoring World wide terrorist activities to divert attention from their banking mafia. Although the fund is cloaked in secrecy and made possible by the Western civilization’ s Federal Reserve banking system, investigators trying to pry into the Illuminati’s secret treasure trove have uncovered some interesting facts.

http://www.indybay.org/newsitems/2007/12/02/18464823.php

I TAKING FREDS GONG- WILL SOLVE ALL THE CORRUPTION AND DECIET THE WESTMINSTER SHYSTERS DISPLAY DAY AFTER DAY…….APPEASEMENT…THROWING CRUMBS ONLY SATISFIES SERFS WHOSE BRAINS HAVE ALREADY TURNED INTO MUSH!

Alan Watt – Multiculturalism

EDUCATING FOR ONE WORLD- BACK IN THE 40s SCHOOL KIDS WERE BEING BRAINWASHED WITH THE UNITED NATIONS- MULTICULTURALISM, 1947

The Fabian minister said: .” The Labour leader Ed Miliband said: “I think it’s only the start of the change we need in our boardrooms. We need to change the bonus culture and we need real responsibility right across the board.”

Bullshit Ed…he was doing the bidding of you’re Fabian leader Comrade Brownski!

4 responses to “Dishonoured: How Goodwin’s role in banking crisis made him an ‘exceptional case’

  1. statewithinastate on 16 Dec 2011

    Sylvia Stoltz was jailed and banned from practicing at the bar for life just for defending Ernst Zundel in his case for holohoax denyal.

    Category:
    News & Politics

    EUROPE FREE?

  2. YOU TUBE

    One policy, one Google experience
    We’re getting rid of over 60 different privacy policies across Google and replacing them with one that’s a lot shorter and easier to read. Our new policy covers multiple products and features, reflecting our desire to create one beautifully simple and intuitive experience across Google.

    This stuff matters, so please take a few minutes to read our updated Google Privacy Policy and Terms of Service now. These changes will take effect on March 1, 2012.

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  3. Mmm, before Hitler…

    As Hitler and later other dictators demonstrated, younger people can be even more naíve and obedient to orders than adults when given a uniform (especially given the right propaganda), even so far as some children reporting their own families to the Gestapo.

    Think about it, big video games like Modern Warfare are just like training programs used by the military for years, and the ever more life-like games are desensitizing kids to war and death, needless violence, using WMDs, etc.

    kensei85 1 year ago

    EAST GERMAN STAZI.

    slewofdamascus on 22 Sep 2011

    from al jazeera – The idea is to keep people fearful, to keep them from speaking out against power. We should be very worried about our descent into tyranny. Dept of Homeland Security has already recruited tens of thousands of Americans to spy on their neighbors, on their clients, upon anybody with whom they come into contact.

    Category:
    News & Politics

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