Partner Article

The slime of a new bureaucracy

Ivan Fallon writing in the Sunday Times Business Section 22nd November 2015 at page 7 said - Seven years after the crisis the big questions, not touched on by the Bank’s report remain: if HBOS was so rotten, why did Lloyds go through with the bid?

There are many reasons for that and not many are really answered. I would say that we are living in a Franz Kafka Style dystopian nightmare where wrong is right and might is right.

Over the past years questions and reports about the nature of HBOS and those who wrecked it have been asked and not answered fully. Indeed the bulk of the 549 page report published last week by the Bank of England, Prudential Regulatory Authority and Financial Conduct Authority is lacking in many ways and its recommendations were made and discussed 3 years ago, so why the delay in this report and its nonsense conclusions?

I return to Kafka, ‘Every revolution evaporates and leaves behind the slime of a new bureaucracy.’ The FCA, Osborne, Ross McEwan and new HBOS are the slime of a new bureaucracy and they are having a free ride. The faces have been changed but the attitudes remain the same and it is business as usual.

The banks and governments will always protect each other. What we as victims have is collective bargaining power. The likes of the SME Alliance, SBCB and Bully Banks demonstrate that right minded people who have been ripped off can get together and bring legal action in different jurisdictions for the betterment of wider communities. Our way forward is to ignore the propaganda and the trolls that the likes of HBOS and RBS pay for – they demonstrate that they are losers and at some point balance will be restored.

We own HBOS. We own RBS. The custodians that are managing these sham banks are our servants. So when some evil banker and his army try to tell you differently“ after they have just ripped you off - hold your head up high and remember that the likes of Ross McEwan, Goodwin, Crosby, Osborne and Cameron work for us and are accountable to us.

Returning to the Kafka quote: Kafka’™s interest in the issue of community with a critique of modern capitalism and a rejection of institutionalised political and corporate power in favour of a society organized on a community level without any intervening administrative structures. This was based on his own experiences with the Workers’s™ Accident Insurance Institute where he worked as a lawyer. This institute provided the first form of workers’ compensation for accidents in the Austro-Hungarian Empire and was set up according to new social laws achieved by the workers movement. Yet, as Kafka notes in reference to a workers’™ demonstration: “The Revolution evaporates, and leaves behind only the slime of a new bureaucracy. The chains of tormented mankind are made out of red tape.”

Dont be disheartened when you hear of case in the courts of human invention that seeks to perpetuate the slime. We must challenge the prevailing bureaucratic slime in RBS and HBOS and the tyranny which they seek to impose on individuals.

If everyone in a group has interests in common, then they will act collectively to achieve them.

We are just watching what RBS and HBOS are up to… watching a waiting for the right time to launch a class action which will restore balance. If corrupted bankers must go to jail so be it

Do not lose hope. Keep the faith and never stop believing….never, never stop believing.

This was posted in Bdaily's Members' News section by charlie fox .