LIEBORGATE - CORRUPTION - CONFLICTS OF INTEREST & CONSERVATIVE PARTY POLITICS

As a supplement to my Blog  LIEBORGATE COINCIDENCES please find an update from another blogger, The Slog who also has  a passion for the truth and transparency. Well done, you beat me to it.

In addition to the crooked banks who have reported Libor falsely, other UK based  "dramatis personae" in this global scam include the following:

"Michael Fallon is Deputy Chairman of the Tory Party, a senior member of the The Treasury Select Committee ("TSC"), and a senior Board member at Tullet Prebon – a company described to me last night by a City insider as “dominating the Libor sector”. At least three of the major institutions reporting on Libor rates are known to be Tullet clients. Fallon may thus have been questioning one of his clients when he interrogated Bob Diamond of Barclays last Wednesday.

Angela Knight was until recently the CEO of the BBA, an organisation on behalf of which she gave misleading Libor evidence on at least one occasion. She is a non-Exec director of Tullet Prebon, and she used to be a Conservative MP.

Michael Spencer  is the founder and CEO of ICAP, the largest Libor-sector money brokerage in Europe, he used to be the Tory Party’s Treasurer, and he (and his company) last year donated £1.3m to the Conservative Party. In 2010, Spencer was censured by the City for selling £45m of ICAP shares three weeks before issuing a profit warning.

Terry Smith is the CEO of Tullet Prebon. Derek Tullett, founder of inter-dealer broker Tullett Prebon, was listed as ‘a major contributor’ to Tory Party election funding during 2010. On his Board he has collected both Fallon and Knight, and although Fallon says Tullet’s “helped to nail the banks” that must in turn have put Angela Knight into an awkward position, she being the UK’s greatest defender of both the Banks and Libor. Smith spent the first five years of his life working on the investment side at Barclays, and is an Associate at the Chartered Institute of Bankers."

In the UK the Serious Fraud Office is FINALLY initiating an inquiry. It is a very revealing that when the SFO  advised 2 years ago that they had no funding to make an investigation, specifically into the Libor matter , they were subsequently underfunded even more, by government cuts.

Perhaps this time there will be such an avalanche of public outrage, that the sleazy greedy incestuous elite running the UK at the moment, will finally be held accountable for their acts. 

The only historical parallel to today's situation, which comes to mind, is  Oliver Cromwell's speech when he dismissed the Long Parliament in 1653. His words echo so true today

"It is high time for me to put an end to your sitting in this place, which you have dishonored by your contempt of all virtue, and defiled by your practice of every vice; ye are a factious crew, and enemies to all good government; ye are a pack of mercenary wretches, and would like Esau sell your country for a mess of pottage, and like Judas betray your God for a few pieces of money.

Is there a single virtue now remaining amongst you? Is there one vice you do not possess? Ye have no more religion than my horse; gold is your God; which of you have not barter'd your conscience for bribes? Is there a man amongst you that has the least care for the good of the Commonwealth?

Ye sordid prostitutes have you not defil'd this sacred place, and turn'd the Lord's temple into a den of thieves, by your immoral principles and wicked practices? Ye are grown intolerably odious to the whole nation; you were deputed here by the people to get grievances redress'd, are yourselves gone! So! Take away that shining bauble there, and lock up the doors.

In the name of God..Go"

And for those who think in their arrogance, that they are untouchable and above the law, never forget that in deepest crisis, the greatness of Britain has always been to produce a man equal to the task Nelson, Wellington, Churchill to name but a few.

This time will be no different, but to those presently in power and opposition, I can only echo Cromwell's words:

"In the name of God .....Go".