Interested in maladministration. Estd. 2005
RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony
Joe Duffy is dishonest and untrustworthy Anthony
Robert Watt complaint: Time for decision by SIPO Anthony
RTE in breach of its own editorial principles Anthony
Waiting for SIPO Anthony Public Inquiry >>
Parse failure for http://humanrights.ie/feed/. Last Retry Tuesday September 16, 2025 00:59
Ed Miliband Costs Britain One Billion Barrels of North Sea Oil Mon Sep 15, 2025 19:00 | Will Jones Ed Miliband will cost Britain one billion barrels of North Sea oil and gas, official data confirm, as a sharp drop in output up to 2050 emerges ? a result of Labour imposing 78% taxes and a?ban on new drilling.
The post Ed Miliband Costs Britain One Billion Barrels of North Sea Oil appeared first on The Daily Sceptic.
What I Saw at the Unite the Kingdom Rally Mon Sep 15, 2025 17:00 | Philip Patrick Philip Patrick was at the Unite the Kingdom rally on Saturday and says it was no Tommy-fest. The themes were love of country, a rejection of mainstream politics and media and a resolute defence of free speech.
The post What I Saw at the Unite the Kingdom Rally appeared first on The Daily Sceptic.
Climate Change Committee Doubles Down on Unrealistic Net Zero Costs Under New Chair Mon Sep 15, 2025 15:16 | David Turver The Government's Climate Change Committee is doubling down on fantasy Net Zero cost models, turning a blind eye to sky-high offshore wind and solar prices, warns David Turver.
The post Climate Change Committee Doubles Down on Unrealistic Net Zero Costs Under New Chair appeared first on The Daily Sceptic.
BREAKING: Conservative MP Danny Kruger Defects to Reform Mon Sep 15, 2025 11:36 | Will Jones Conservative MP Danny Kruger has defected to Reform UK to head up the party?s Preparing for Government policy unit ? the first sitting Tory MP to defect.
The post BREAKING: Conservative MP Danny Kruger Defects to Reform appeared first on The Daily Sceptic.
Charlie Kirk?s Murder and the Web of Hate Mon Sep 15, 2025 11:00 | Sallust Charlie Kirk's murder wasn't just the work of one man but the toxic brew of cancel culture, radical ideology and online mobs, says Nick Cater in the Australian. It's a chilling glimpse of how violence is being normalised.
The post Charlie Kirk?s Murder and the Web of Hate appeared first on The Daily Sceptic. Lockdown Skeptics >>
Voltaire, international edition
Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en
Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en
Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en
Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en
The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en Voltaire Network >>
|
Royal Bank Of Scotland -owners of Ulster Bank - Engaged In The Systematic Theft Of Business Customers’ Assets
international |
crime and justice |
other press
Monday November 25, 2013 23:55 by T

Max Keiser on the “financial terrorism” of Royal Bank of Scotland
The headlines have recently reported that the Royal Bank of Scotland owners of Ulster Bank in Ireland carried out widespread fraud and engaged in forcing customers who were repaying their debt and otherwise healthy, into going out of business and this allowed the bank to pick up their assets namely their properties at a fraction of the true costs. They carried out this financial terrorism mostly against small firms who were too small to defend themselves.
In a blog by journalist Ian Fraser linked from the report that Max Keiser carries on this on his website, Ian writes:
Max Keiser is clearly over-the-top but he reflects the outrage that many feel today at the behaviour of the taxpayer-rescued bank RBS — which has today been confirmed to have been engaged in the systematic theft of business customers’ assets and other forms of outrageous skulduggery. The malpractice, which remains endemic inside the bank’s commercial and corporate lending, global restructuring group and West Register property arm (I have been covering this charlatanism since December 2010) is gaining wider exposure thanks to the efforts of the Leeds-based entrepreneur and overall IoD ‘director of the year 2012′ Lawrence Tomlinson.
In a report published today for the business secretary Vince Cable, Tomlinson makes clear that RBS routinely “distresses” otherwise profitable, stable and creditworthy businesses by “manufacturing defaults” in order to tip them into its recovery and restructuring division, GRG, and then to allow its West Register property arm to effectively steal their commercial property assets. In a policy statement in May 2009 the bank said GRG/West Register had an “appetite” for particular categories of property assets including “offices, retail and industrial premises, pubs, hotels, nursing homes, car dealerships and hospitals”.
What we have here is the financial giants instead of helping the base of the economy, are cannibalizing it. Surely the whole purpose of a bank is to help small businesses. And we can be sure if one bank is doing this, then it is likely a lot of the other banks are too.
It seems that this fraud went undetected because many of the people running these small business firstly didn't have the resources to find the bank, nor did they have the power, contacts and might to force the government, media or regulators to take any notice. A functioning system of checks and balances would have stopped this very early on, but it is clear the checks and balance system has long been made ineffective through corporate takeover.
http://www.maxkeiser.com/2013/11/a-brazen-act-of-financ...land/
http://www.ianfraser.org/max-keiser-on-the-financial-te...land/
|
View Comments Titles Only
save preference
Comments (1 of 1)
Jump To Comment: 1Banks can create money out of nothing to give out in loans. The fractional reserve system allows them to do this. Ratios of up to 100:1 between loans:deposits were common up until recently. But clearly they can't just make up a load of money for themselves then buy property with it. So they give out this "funny money" that they just conjured up in loans then repossess the real hard assets the borrower bought with the loans when the borrower becomes distressed. This sort of behaviour is often referred to as "leveraged buyout" when done by one corporation taking over the assets of another.
They score when the loans are given out through front loaded bankster bonuses. Then they score again when they get to repossess the hard assets, which they can sell off cheap to insiders, speculate on, or rent out into the rentier economy and parasite off the labours of the working class who actually do productive work.
So, they make up the money you borrow, then end up with your actual house, and all without doing any actual productive work. Nice business model!
If I wanted to design a scheme whereby I eventually could own all the assets in an economy without doing any actual productive work, it would be along these lines.
"Give me control of a nation's money and I care not who makes it's laws"
— Mayer Amschel Bauer Rothschild