Despite the economic risks posed by misleading accounting, the bean counters perform their duties with relative impunity. The big firms have persuaded governments that litigation against them is an existential threat to the economy. The unparalleled advantages of a guaranteed market with huge upside and strictly limited downside are the pillars on which the big four’s multi-billion-dollar businesses are built. They are free to make profit without fearing serious consequences of their abuses, whether it is the exploitation of tax laws, slanted consultancy advice or overlooking financial crime.
In recent days the press have been reporting on Robert Davis as a ‘councillor under fire over ludicrous levels of hospitality’ entailing ’60 visits to the theatre, 10 foreign trips, 296 free meals’. One of Davis’s former Conservative colleagues on Westminster City Council, Alastair Moss, is currently deputy chair of planning at the neighbouring City of London council.Read more "Alastair Moss: The City Of London’s Putin Of Planning"
Given that the City of London is the control centre of Britain’s ultra-exploitative off-shore banking business, it isn’t surprising to see it coming under fire for sexual harassment in the wake of the Presidents Club scandal. This was a ‘charity’ dinner at which an undercover reporter from the Financial Times recorded business ‘leaders’ groping and abusing the women serving them. For the City of London everything is a commodity to be bought and sold, and once this is understood the degrading way in which its ‘elite’ treat people can be better understood as a problem that includes the worst kinds of sexism but that runs even deeper and broader than that.Read more "Presidents Club Scandal Puts Spotlight On City of London’s Culture of Rape, Pillage & Plunder"
While those thinking of buying into Taylor Wimpey’s proposed Gerrymander Mansions development might be under the impression it is a gold-plated investment opportunity, should they be foolish enough to part with their money they’re more than likely to find themselves mugged off with a liability rather than an asset. Of course demolition hasn’t even started on Bernard Morgan House – the social housing in Golden Lane that Taylor Wimpey plans to replace with luxury flats – but Gerrymander Mansions already has thousands of enraged neighbours!Read more "Taylor Wimpey Will Screw Gerrymander Mansions Apartment Buyers!"