lunedì 4 agosto 2014

Credit and loan agreement errors to trigger multimillion-pound payouts

Credit and loan agreement errors likely to trigger multimillion-pound payouts

Latest banking scandal centres on mistakes in paperwork for loans, hire purchase agreements, plus credit and store cards
Northern Rock customer inside a ubranch
The problem was uncovered in 2012 when 152,000 people with a Northern Rock loan were told they would receive a payout. Photo: Christopher Thomond for the Guardian
An epidemic of errors in credit and loan agreements is the latest expensive scandal to hit the banking sector, with the cost already approaching £1bn. HSBC disclosed on Monday that it is setting aside hundreds of millions of pounds to refund customers for mistakes made in paperwork.

lunedì 28 luglio 2014

The Shadow Banking System: a Great Time Bomb

  ECONOMY  
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The Shadow Banking System is a Great Big Ticking Time Bomb


The rules of money and banking have changed every 20 or 30 years — now is the time for an overhaul.

Photo Credit: Shutterstock.com
 
 
One thing to be said for the women now heading the Federal Reserve and the IMF: compared to some of their predecessors, they are refreshingly honest.The Wall Street Journal reported on July 2nd:
Two of the world’s most powerful women of finance sat down for a lengthy discussion Wednesday on the future of monetary policy in a post-crisis world: U.S. Federal Reserve Chairwoman Janet Yellen and International Monetary Fund Managing Director Christine Lagarde. Before a veritable who’s-who in international economics packing the IMF’s largest conference hall, the two covered all the hottest topics in debate among the world’s central bankers, financiers and economists.
Among those hot topics was the runaway shadow banking system, defined by Investopedia as “The financial intermediaries involved in facilitating the creation of credit across the global financial system, but whose members are not subject to regulatory oversight. The shadow banking system also refers to unregulated activities by regulated institutions.” Examples given include hedge funds, derivatives and credit default swaps.

ECB website hacked

ECB website hacked, data stolen

The ECB was the victim of attempted blackmail by hackers. [Jurjen van Enter/Flickr]
The European Central Bank (ECB) said on Thursday its website had been hacked and some email addresses and other contact information stolen but insisted no market-sensitive data were affected.
The theft came to light after the central bank received an anonymous email on Monday night demanding money in exchange for the addresses.
While most of the data was encrypted, parts of the database included email addresses, some street addresses and phone numbers that were not encrypted. The database also contains data on downloads from the ECB website in encrypted form.

sabato 12 luglio 2014

Former IRS Special Agent: An Hour With Attorney Bernhoft

Former IRS Special Agent Brings You An Hour With Attorney Robert Bernhoft
 
Dear Friends,
 
You don't want to miss the Agent For Truth radio show this Saturday, July 12th, 2014 on the Truth Frequency Radio Network at high noon central time.
 
This Saturday morning will feature my interview with Robert G. Bernhoft, founder of the Bermhoft Law Firm.  Bob joined Jeffrey Dickstein in successfully defending me in my 2005 criminal trial and Bob defended Actor Wesley Snipes who achieved acquittal on all felony counts.  Bob will share very valuable information about IRS and overall government misconduct and other insights that only an experienced trial attorney can share.
 
Be sure to visit http://www.ninehundred.net/banister/bernhoft.html to read more about the "parallel construction" phenomenon.
 
Don't miss this important show but please remember that the interview with Mr. Bernhoft was pre-recorded and therefore this show is a no-caller show. During live Saturday morning broadcasts, you can call the show at 1-866-378-7884 (1-866-37-TRUTH) to ask a question or make a comment.
 
I hope you will join me this Saturday morning from 10:00 am to 11:00 am pacific time by clicking on the "Listen Now Live" button on the right-hand side of the Truth Frequency Radio Network website.
 
Don't forget that I do have a "Twitter" account for those who prefer that particular method of communicating.  My twitter account concentrating primarily on current events and government corruption, tax matters and attacks on our Constitution and Bill of Rights is @josephbanister.  My twitter account concentrating primarily on spiritual matters and miscellaneous topics is @joebanister.
 
Inviting others to join my email list on the right-hand side of my web page or follow me on "Twitter" is encouraged and appreciated.  You can view a sample of prior newsletters here.

Kind regards,
Joseph R. (Joe) Banister
Former IRS Criminal Investigation Division Special Agent

II Chronicles 7:14:
And my people, upon whom my name is called, being converted, shall make supplication to me, and seek out my face, and do penance for their most wicked ways: then will I hear from heaven, and will forgive their sin and will heal their land.

Exodus 20:7:
Thou shalt not take the name of the Lord thy God in vain: for the Lord will not hold him guiltless that shall take the name of the Lord his God in vain.

Matthew 5:27-28:
You have heard that it was said to them of old: "Thou shalt not commit adultery".  But I say to you that whosoever shall look on a woman to lust after her hath already committed adultery with her in his heart.

John 6:51-52:
I am the living bread which came down from heaven.  If any man eat of this bread, he shall live forever; and the bread that I will give, is my flesh, for the life of the world.

George Orwell, 1984:
"You are a slow learner, Winston," said O'Brien gently.
"How can I help it?" he blubbered. "How can I help seeing what is in front of my eyes? Two and two are four."
"Sometimes, Winston. Sometimes they are five. Sometimes they are three.
Sometimes they are all of them at once. You must try harder. It is not easy to become sane."

giovedì 10 luglio 2014

Russia writes off $32bn Cuban debt

Russia writes off $32bn Cuban debt in show of brotherly love

Agreement, which stipulates that Cuba must still repay $3.2bn over 10 years, comes as President Vladimir Putin prepares for Havana trip. The Moscow Times reports
Revolutionary leader Fidel Castro (L) with Russia's President Vladimir Putin in 2000 in Havana. Putin is due to arrive in Cuba of Friday for his latest visit. Photograph: Adalberto Roque/EPA
Revolutionary leader Fidel Castro (L) with Russia's President Vladimir Putin in 2000 in Havana. Putin is due to arrive in Cuba of Friday for his latest visit. Photograph: Adalberto Roque/EPA

Russia's parliament has ratified an agreement that will see Moscow write off 90% of cash-strapped Cuba's $35.2bn debt to the Soviet Union, according to the Russian news agency ITAR-Tass.
The agreement, which both countries signed in October 2013, draws a line under a two-decade-long quarrel. It stipulates that Cuba must pay back $3.2 billion over a 10 year period in exchange for Russia forgetting about the remaining $32 billion.

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