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My book Rigged, exposing an establishment cover-up at the highest level on both sides of the Atlantic followed by a whole series of miscarriages of justice, has already sold out its initial print run and been reprinted in the UK. Now it's being published in the United States:
Was the financial regulator on the side of the angels in this story of traders wrongfully banned and prosecuted (as Sir David Davis said, ‘scapegoated’)? Or does it have some very serious questions to answer? You decide. fca.org.uk/news/statements/l…
“…the FCA was pursuing me for a crippling fine and a lifetime ban, only for the ban now to be overturned. I hope this decision reflects a recognition that the circumstances of my case deserved greater scrutiny from the outset.”
And here’s what Jonathan Mathew, also falsely tried, says: “While I have no intention of returning to a career in finance, I welcome the lifting of the FCA ban following the quashing of my conviction.It inevitably raises questions as to why, at an earlier stage…
Here’s why the regulator has some very serious questions to answer. Listen to all five 14 minute episodes if you have time and leisure - for what the FCA and its predecessor knew - it’s in part 4: bbc.co.uk/sounds/play/p0bs1m…
Andy Verity retweeted
Fiscal responsibility matters. But defining it narrowly as meeting deficit and debt targets can be self-defeating. Cutting spending in a weak economy reduces growth and investment, potentially leaving debt higher relative to GDP. A better approach looks at whether fiscal policy strengthens the economy’s capacity to grow, withstand shocks and meet its obligations over time.
This is the focus of our first policy brief, Fiscal Rules and Long-Term Inclusive Growth, from the Global Council on New Economics for the 21st Century, which I co-chair with Vice-President of Spain @Carlos_Cuerpo, published at the @IMFNews and @WorldBankGroup Annual Meetings in Bangkok. Links to new council website and policy brief in replies.
Andy Verity retweeted
Notoriously optimistic about growth prospects when governments proactively pivot to deficit reduction.
“The UK is actually one country where action to reduce debt and deficit has been taken decisively and we see the UK in that sense enjoying a bit of a better growth prospect”.
IMF MD Kristalina Georgieva just again singled out UK for its plans to reduce annual borrowing, amid more general warnings that advanced economies should “get house in order”, after the forecast figures released yesterday.
Also said growth is not enough for US to reduce rising borrowing…
My friend Stephen Fitzjohn is raising £2000 to provide generators to Ukraine this winter. With the world in what has been described by the International Energy Agency as the worst energy crisis in history, the cold will bite. Check out his @JustGiving page:justgiving.com/crowdfunding/…
Banks have been making historically large profits. Why? Because very well rewarded senior bankers have made ingenious business decisions? Or simply because interest rates are higher - so ordinary borrowers pay more? This is worth your attention: breakingviews.com/columns/co…
Andy Verity retweeted
“If an opinion contrary to your own makes you angry, that is a sign that you are subconsciously aware of having no good reason for thinking as you do. If some one maintains that two and two are five, or that Iceland is on the equator, you should feel pity rather than anger, unless you know so little of arithmetic or geography that his opinion shakes your own contrary conviction. The most savage controversies are those about matters as to which there is no good evidence either way. Persecution is used in theology, not in arithmetic, because in arithmetic there is knowledge, but in theology there is only opinion. So whenever you find yourself getting angry about a difference of opinion, be on your guard; you will probably find, on examination, that your belief is going beyond what the evidence warrants.”
— Bertrand Russell, An Outline of Intellectual Rubbish
Excellent reporting by my colleagues @james_oliver_01 @RoryTinman and Simon Lock of the Bureau of Investigative Journalism. bbc.co.uk/news/articles/c64g…
Andy Verity retweeted
Andy Burnham should appoint inquiry (tricky as he was briefly Treasury minister). Much of worst Libor rigging - far worse than those convicted - was by Bank of England (with Treasury & No 10 urging) during 2008 financial crisis. We need to hear from PM at time,
Gordon Brown.
Andy Verity retweeted
Andy Verity deserves sainthood for exposing & especially explaining the Libor scandal, one of greatest British scandals of my lifetime. It implicates several huge names from City, Treasury, Bank of England & politics, who should go to their graves with throbbing consciences.
Replying to @andyverity
Andy Verity retweeted
I was convicted for talking to brokers (all subsequently acquitted) about Libor. Well here are the BOE asking Prebon to move their screens to attempt to move the published Euribor rate. Hmmm….
This has been the most extraordinary financial and judicial scandal that I’ve covered in my career. For eighteen out of nineteen traders convicted, it turns out they were falsely tried. There are still so many questions to be asked. bbc.co.uk/news/articles/cqgk…
Watch and read this - and decide for yourself: bbc.co.uk/news/business-6591…













