Monday, September 27, 2010

JUST HOW INDEPENDENT IS THE INDEPENDENT BANKING COMMISSION?

The current financial crisis has forced the Chancellor of the Exchequer to create a commission, called the Independent Commission on Banking. It has been asked to "consider structural and related non-structural reforms to the UK banking sector to promote financial stability and competition".

Hmm. OK.

But who are the 'independent' members of this commission?

Well, first of all, the Chancellor of the Exchequer who ordered the commission is George Osborne, acquaintance of the Rothschilds, Oxford/Bullingdon Boy, and fast becoming a regular at Bilderberg.

The members of the committee are
Sir John Vickers
Clare Spottiswoode
Martin Taylor
Bill Winters
Martin Wolf

Taylor was a regular at Bilderberg while at Barclays.
Wolf represents the FT at Bilderberg if his stooge Rachman doesn't go.
Winters was instrumental at JP Morgan for driving the derivative boom. I am reading about Winters in Gillian Tett's Fool's Gold. If we are to blame just one person for the current crisis then Winters is a strong candidate.

I am currently not that concerned about Vickers or Spottiswoode, but with the above three amigos, Taylor, Winters and Wolf, the Independent Commission on Banking is not that independent.

But what the hell! I'm writing to them anyway!

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