Dr Alf is correct, the banks are not only an oligopoly but fall under the ownership of a tiny group of families.
Thus, if one looks at the power behind Lloyds, TSB, HBOS, Santander, RBS, Goldman Sachs, Barclays and Five Arrows Asset Management, we see that along with other financial institutions, they come under the influence of the Inter Alpha Banking Group and ultimately the shadow of the Rothschild dynasty.
These families, and 19 others, effectively control more than 95% of the wealth in each European nation, plus an even larger amount that is held offshore in one of many different tax havens.
Thus the UK is a Rockefeller country, Germany and Sweden are Rothschild countries and Italy and the Vatican are run by the Black Nobility and the Black Pope (currently Adolpho Nicholas).
The Knights of Malta under Matthew Festing are also globally important and act as a state within a state.
Essentially then, our Prime Ministers and Presidents within Europe are chosen well in advance of us seeing them let alone voting for them so Governments do not control bankers, electors do not control Government policy and Governments in Europe are told what to do by bankers and those behind them.
Until this changes, there is no chance whatsoever of politicians “going after bankers” and if they did the banking public would be made to pay as has already happened in America when the US authorities fined HSBC $1 billion USD for laundering the proceeds of Mexican drug barons.
HSBC reduced its taxable profits by $1 billion USD plus the court costs, fines and a further charge for management time and business disruption.
The costs of new procedures and more transparent Governance also figure into the equation and with costlier arrangement fees for all loans all the money will be recovered and the costs passed on to HSBC’s customer base.
- Opinion: George Osborne and tax evasion what’s trending? via Storify – John Gelmini (dralfoldman.com)
- A Hard Look at the Implosion of UK Healthcare – John Gelmini (dralfoldman.com)
- Opinion: Watch out for the rise of a European Tea Party – Gideon Rachman – FT.com -John Gelmini (dralfoldman.com)
- Sino-German strategic relations and investment in Cyprus offshore gas and oil? – John Gelmini (dralfoldman.com)
- Opinion: Zimbabwe poachers kill 80 elephants ex theguardian.com -John Gelmini (dralfoldman.com)
- Why UK Chancellor George Osborne will not be allowed to use the axe on the Public Sector – John Gelmini (dralfoldman.com)
- Opinion – Will Users Be Losers in “EU Vs. Google”? by Mario Mariniello ex Project Syndicate – John Gelmini (dralfoldman.com)
- The follies of the UK’s Public Accounts Committee (PAC) – John Gelmini (dralfoldman.com)
- Gay Marriage, Faith and the Thin End of the Wedge – Part 2 – John Gelmini (dralfoldman.com)
- Opinion: Which Management Style Will China Adopt? – N & S Richter ex HBR – John Gelmini (dralfoldman.com)