Steve’s blog: Let Lawrence at the bankers…

I saw an ethical banker the other night he was sitting next to a socialist worker and they were both complaining about all the rocking horse excrement coming from London.

So the media coverage is now tailing off about Lawrence Tomlinsons revelations that RBS has been dunking quality British businesses in order to STEAL their assets.

You can be in no doubt that there will be powerful lobbying for a cover up and to let the banking fraternity sort themselves out.

There is already talk of his findings being unproven, excuse my language but that’s bollocks.

Lawrence lives near Ripon, I don’t know him personally but he is known as an intuitive and honest business man, I would bet a finger that he is absolutely correct in his allegations.

This can NOT be let go.

Miss-selling is bad, taking the publics wages and punting them on big market gambles is worse, lying that un-payable debt is “prime” is even worse but this is the line that can not be crossed.

Seriously, what kind of country are we if we permit bankrupt state institutions to steal assets from hard working business owners?

What will that do for the economy long term?

The law of competition is tough on business owners but good for the country because bad businesses go bust leaving space for the good ones. Banks cannot tinker with this principle, its vital for the UK that the good firms make it.

Mr Banker, having a powerful lobby may stave off your own bankruptcy and even let you botch up your own balance sheet by closing down viable firms. Lobbying will never fix your main problem that you have a crap banking business and it certainly won’t help the UK in the global economic race as you destroy our new businesses.

If we are serious about this country having world class banking and financial services then we will never get there while lobbying is so powerful that the government is the bank and the bank is the government.