I have written extensive nonsense on this blog about how the UK government made a mess of the banking crisis and how brown and darling compounded the errors of Fred Goodwin. Capitals for those with the modestly streetwise Brains and lower case for those puppets.
These people I've possibly been harsh about. They were pathetic clowns in a game that they lost. I still believe they had a culpaple role in that game. They sought an office they couldn't be more ill equipped to handle. They could've asked 300,000 people for advice who would've advised them better. Sadly they didn't.
If pressure was put on them nothing could be simpler than to use a lifeline and call a friend. Ah, but how do we choose our friends.
When you look back to the situation where world pay was removed from the RBS everyone I knew in the city thought it a scandal.
The infamous £20bn art heist from Barnes, the 1920's Philadelphian art owner reminds me that what we own can be easily removed. It can take time but there are ways.
WorldPay was one of the winners as the dot com era separated the wheat from the chaff. For those who don't know it's facilitates payments, think card machine versus cash. Most people understand that the book, the bank statement, the folding cash are casualties of the internet age. Even dealing slips in stockbrokers were automated. As one of the members of a firm who did the first internet trade in the 1990's, we understood the technical shift. The dot on bubble in 2000 was quite clearly labelled. What we never realised was how quickly the written word would replace conversation. Texts via any network have replaced talking on the phone or in person. From my days studying non verbal communication this loss is huge for our species.
What I know is that Gordon Brown dumped the gold and then was prime minister when World Pay was dumped. Thatcher was advised privatisation was good, sale of council houses was good and selling all the family silver. I don't blame brown for selling the gold as the silver had gone. I blame him for not using it to build new council houses. To build new assets. He instead continues to use PFI a transfer of public money to the private sector. We all understand how the game Monopoly works. Once you own everything the rents will go up until the winner prevails.
What is curious for me is how the mercurial Mandy mercilously in his machevellian way, coercive to the core, got at them so easily. I think that's why Brown is raging and wants him stripped of his peerage. Let's face it, who likes having egg on their face. After 15 years it may be a bit smelly.
How much Mandy influenced the circumstances to ensure a sale will never be known. Why would anyone in the EC say I was coerced or encouraged. I was the one who voted for making sure it was a condition of sale.
It was a fire sale Brown and Darling probably became complicit. They were under terrible pressure following their stupidity, of which, I wrote about way back in the day.
One day you hope the truth prevails but I know only one thing. They know they truth and live happily with it.
In numbers Worldpay was sold for £2bn when it was worth £4bn. Crunching the numbers back then you could tell they were in a dominant position in a dynamic growing market. Automation was going through the gears and financial automation was accelerating exponentially.
10 years later it was sold for $43bn and after some asset stripping and another 7 years, it was sold for $23bn.
The bail out shares are often quoted as belonging to the "government", it misrepresentation. These were our shares, we the tax payers shares. They were ours, we paid increased taxes because of it. Just like COVID we've had an austerity that we are supposed to grin and bear. Some of us didn't return from those wars. We never even knew we were in a war. It was an economic war. We were electing politicians but it was the unelected ones who were running the show.
They quietly did their job in the background. Their job was to be a sleeper. A sleeper for a financial power not for a foreign state.
They succeeded and we lost. Sometimes you just have to get over it.
When the current UK government finally agreed to release the cash to the miners to pay their pensioners I laughed.
They're mostly dead, so now the only beneficiaries will be paying 40%-50% tax on this money that was part of the, was it £20bn?, held back pending some nonsense.
Hats off. I'll give you the £20bn on the basis I get £10bn back. How funny is this as a way to increase the projected tax take this year and into the future.
The coming weeks and months will doubtless reveal a little about WorldPay but what about the poor children, the girls, the victims. Many shouted and nobody listened. Shouted all you like but it's just me too nonsense the establishment launched back. Just like the post office scandal. Do I need to mention more manipulative malevolent bastards.
This isn't a conspiracy theory this is just what happened. Remember when the police, not just policeman, check his WhatsApp, brutally kidnapped and killed the girl in London. There was a vigil for her. The police had three jobs of public disturbance to deal with that week and somehow it was the women who were dealt with most severely. We need to remember Sarah Everard I never forget. Like every man woman and child should. Whenever I'm on the Camino I light a lot of candles. We need to keep these voices heard and attrocities remembered.

