The Politics Thread

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And they have all been paying out £££££m's in shareholder dividends and CEO bonuses all the while they have been stocking up billions in debt!

Corruption / embezzlement or Fraud. Call it what you will. It certainly goes far beyond business errors.
Luckily a change of government will put a stop to

...oh ****'s sake, of course they wouldn't
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Sunak plans these 'therapists' (think/hope he means hygienists <doh>) will be able to hold the nerves!



Sorry... I'll get my coat

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Why’s Rishi stood at podium bearing the slogan “cut waiting lists”.
His party created them - in spades. The numbers are mind boggling.
Is he bragging about things they haven’t done? Strange. Their PR people should be sacked.
 
Luckily a change of government will put a stop to

...oh ****'s sake, of course they wouldn't
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The water industry is a national scandal.
Customers have no choice; there is no competition in the supply of water. Water companies cannot fail to make huge profits. There is no pressure on them to invest in infrastructure. They waste so much water through leaks and pump raw sewage into the sea and rivers. How on earth can they get away with all this? Probably because paying dividends to shareholders and fat cat salaries to friends of the Tory party trumps everything.
 
In more good news...
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Did that made-up award for a job you don't even do make you feel better...?

For those wondering which made-up trophy I'm talking about
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And as it becomes ever clearer why his banks have told him to **** off, the real question to them should be 'why the living **** didn't you foreclose on him 7 or 8 years ago when you knew his money was tainted?'
That would have quite probably saved the UK from Brexit and resultant financial turmoil. <doh>

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And as it becomes ever clearer why his banks have told him to **** off, the real question to them should be 'why the living **** didn't you foreclose on him 7 or 8 years ago when you knew his money was tainted?'
That would have quite probably saved the UK from Brexit and resultant financial turmoil. <doh>

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They don't give a crap if the money's tainted.
They only care if it's being investigated and they could be implicated.
They've taken their slice of the pie and he can **** off, now.
 
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They don't give a crap if the money's tainted.
They only care if it's being investigated and they could be implicated.
They've taken their slice of the pie and he can **** off, now.

Been quite a bit of low intelligence/education on this (unsurprisingly) .

Putting aside my belief that NO UK citizen should be
denied PERSONAL banking facilities, whatever they
may be or others may think of them, then the "good faith"
analysis is ...

1. Farage posits the most likely reason is that he
is deemed to be a "politically exposed person" (PEP)
by the financial systems.

2. There may be potential costs to a bank in dealing with PEPs :

- OPEX (the actual monitoring of a PEP)
- punitive (fines etc if the PEP is a "bad boy" \and their antics
escaped detection)

3. Farage has made an FOI request for info/status the
banks are holding/using. That request must be answered
within 6 months max.


So the banks binning Farage can immediately state
whether the primary reason is that he is labelled as a PEP.
Someone with intelligence would also tell the public
what the true OPEX/punitive costs are, and why the
transaction patterns of Farage (volume, average amount etc)
mean he is not viable on the bottom lime.

I would expect a reply to the FOI request to be done quickly
(more so given this case is now out there in the public domain) .

I note there is the possibility that the action was made
by a machine decision making process, and that the
yes/no decision may not have been accompanied
by a detailed rationale (the financial sector already has
plenty previous of moronics in their building of CIT systems) .
 
Been quite a bit of low intelligence/education on this (unsurprisingly) .

Putting aside my belief that NO UK citizen should be
denied PERSONAL banking facilities, whatever they
may be or others may think of them, then the "good faith"
analysis is ...

1. Farage posits the most likely reason is that he
is deemed to be a "politically exposed person" (PEP)
by the financial systems.

2. There may be potential costs to a bank in dealing with PEPs :

- OPEX (the actual monitoring of a PEP)
- punitive (fines etc if the PEP is a "bad boy" \and their antics
escaped detection)

3. Farage has made an FOI request for info/status the
banks are holding/using. That request must be answered
within 6 months max.


So the banks binning Farage can immediately state
whether the primary reason is that he is labelled as a PEP.
Someone with intelligence would also tell the public
what the true OPEX/punitive costs are, and why the
transaction patterns of Farage (volume, average amount etc)
mean he is not viable on the bottom lime.

I would expect a reply to the FOI request to be done quickly
(more so given this case is now out there in the public domain) .

I note there is the possibility that the action was made
by a machine decision making process, and that the
yes/no decision may not have been accompanied
by a detailed rationale (the financial sector already has
plenty previous of moronics in their building of CIT systems) .
He's blaming "woke banks", so I'm very doubtful we're getting the full picture from him.
He also failed to name the bank in question, which seems very suspicious.
It may be to avoid them responding publicly, though I'm not sure they'd want to.

He also claimed that he was refused custom by a variety of other banks.
That suggests that it's not one system rejecting him, automated or not.

Two sentences stuck out to me in his video.
“Could foreign governments from Ukraine or China or wherever else it may be, could they be pumping money into, you know, the accounts of corrupt politicians."
And: “Truth is, I didn’t receive a penny from any source with even any link to Russia.”
The 2nd is a lie, so the former could be a tell.
RT certainly paid him, as did Arron Banks. He knows he's lying.
 
He's blaming "woke banks", so I'm very doubtful we're getting the full picture from him.
He also failed to name the bank in question, which seems very suspicious.
It may be to avoid them responding publicly, though I'm not sure they'd want to.

He also claimed that he was refused custom by a variety of other banks.
That suggests that it's not one system rejecting him, automated or not.

Two sentences stuck out to me in his video.
“Could foreign governments from Ukraine or China or wherever else it may be, could they be pumping money into, you know, the accounts of corrupt politicians."
And: “Truth is, I didn’t receive a penny from any source with even any link to Russia.”
The 2nd is a lie, so the former could be a tell.
RT certainly paid him, as did Arron Banks. He knows he's lying.
There's a simple reason why he isn't naming the bank: according to The Times he banks with Coutts

That would be the Coutts who ask this question when you try to set up an account

Clients are required to maintain at least £1m in investments or borrowing (mortgage), or £3m in savings.

Are you looking to invest or borrow a minimum of £1m or save £3m with Coutts?

Now why would the Waffling Gargoyle not want to mention to his followers that he is such a man of the PayPal that he has an account with a bank who is most definitely not his local branch of HSBC?

Still, it's funny seeing the gammonati saying they'll perform a run on the bank to see it go out of business...
 
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There's a simple reason why he isn't naming the bank: according to The Times he banks with Coutts

That would be the Coutts who ask this question when you try to set up an account

Clients are required to maintain at least £1m in investments or borrowing (mortgage), or £3m in savings.

Are you looking to invest or borrow a minimum of £1m or save £3m with Coutts?

Now why would the Waffling Gargoyle not want to mention to his followers that he is such a man of the PayPal that he has an account with a bank who is most definitely not his local branch of HSBC?

Still, it's funny seeing the gammonati saying they'll perform a run on the bank to see it go out of business...
It is almost certainly Coutts, as he's been reported as banking with them in the past.
They're also a part of Natwest Group now, which ties in with what he claimed.
Coutts infamously fell foul of PEP money-laundering in 2012. How coincidental.

I first thought that he may have dipped below the required financial level.
That wouldn't result in other banks turning him away, though.