Farage

[fillyboy]

Do you think it is wrong?

He's not saying it's wrong, just that the short position was taken out a long time before the Farage story, and in fact the position has been reducing in recent months.

 

[JohnD]

The legal wrong. Or are you asking quantum?

Being caused distress, repetitional damage, being put to great effort to uncover the truth. Etc.

Having to make good the loss of facility.

So you've stopped saying "defamation" and "breach of confidentiality"

What made you change your mind?

 

[SirGalahad]

So its one coutt vs another coutt.

 

[SirGalahad]

I hope Farage makes a comeback and tears the Tories apart. Rats in a sack.

Boris and Farage coutts to the rescue.

What more damage can they do.

 

[JohnD]

"people briefed on the chain of events say Davies ran the statement past the government and regulators before its publication. The board was shocked when politicians pulled the rug after reading her statement and seeing the backlash it provoked."

FT.com

 

[Odds]

When three Muslim organisations, including Finsbury Park mosque, had their HSBC bank accounts shut, there was little public acknowledgment or support. The chair of Finsbury Park mosque, Mohammed Kozbar, has criticised this “double standard” and spoken of his frustration that British Muslims who have been struggling with this problem for the past decade have been left to do so alone.
Other organisations that have previously been affected by sudden bank account closures, such as the Palestine Solidarity Campaign (PSC), echoed Kozbar’s sense of hypocrisy.

news@theGraundia

This is 'The Farage Effect'. All he has to do is make a call to one of his many contacts within the media and make as much noise as possible to stir them into action. It's an invaluable asset in todays media world and there's no doubting his success in getting attention. Double standards? It's more a case of "it's not what you know, it's who you know", and without this publicity i'd have no idea so many people had their bank accounts cancelled for reasons unexplained.

 

[gant]

I wonder what that tells us, no articles on Farage today in the daily mail.
Talks behind closed doors?

 

[motorbiking]

So you've stopped saying "defamation" and "breach of confidentiality"

What made you change your mind?

I switched to using simpler terms in the hope you'd understand. I failed.

I haven't changed my mind. Defamation, breach of contract, failure to perform/comply with statutory obligations (e.g PARs, DPA) are legal wrongs.

The defamation occurred when they lied to the BBC. The breach of confidentiality (contract, and DPA) occurred when they disclosed confidential information without lawful authority. The basis and process used to close his account breached the PARs. The dossier itself adds to the defamation and provides evidence for breach or PARs.

The legal wrong causes damages. the quantum (how much) depends on how serious the legal wrong was plus the actual harm caused.

I suspect more of the board will follow the "resignations". Primarily because they broke the golden rule - check with shareholders before expressing confidence. Even Sir Wishy Washy Starmer is reported to have said the bank got it wrong in breaching their obligations to NF.

 

[fillyboy]

I switched to using simpler terms in the hope you'd understand. I failed.

 

[motorbiking]

I wonder what that tells us, no articles on Farage today in the daily mail.
Talks behind closed doors?

If anyone remembers the film La Femme Nikita, the new interim board remind me of the Jean Reno character, Victor the Cleaner (translated).

They have a free reign to clean up the mess and dispose of the bodies, safe in the knowledge that its not their mess and therefore nobody cares.

 

[motorbiking]

Do you think it is wrong?

Anti-woke billionaire nets millions from NatWest debacle

Marshall Wace started shorting the bank’s stock amid global banking jitters earlier this year

www.telegraph.co.uk

GB News owner makes millions after shorting NatWest stock

GBeebies reported today that NatWest's share price has dropped to bottom of the FTSE following the Nigel Farage row.

www.thelondoneconomic.com

In general I think shorting is something that needs more controls.

It is hard to argue that it serves any purpose other than to destroy things. Things that pay people's wages. If you want to hedge - diversify or have competing strategies.

If you are asking, do I think the whole thing was engineered? Then No. They seem to have been shorting the bank several years before and I suspect rich fund investors apply other criteria. I think there is a bit of 2+2 =5 going on in the press claiming a link.

 

[gant]

I thought it was quote of the day even at this early stage of the day. Lol

 

[denso13]

I think there is a bit of 2+2 =5 going on in the press claiming a link.

Well of course you do. Nige's boss makes millions from the drop in share value but "another desperate non story".

Good old Nige.

 

[gant]

There wouldn't be any need for a drop in shares if the bankers weren't such wa*nkers.
Good old bankers.

STEPHEN POLLARD reveals the breathtaking arrogance of NatWest chairman

STEPHEN POLLARD: Sir Howard has had a long career in business, the City and public life generally, occupying some of the most exalted positions on offer.

www.dailymail.co.uk

Not wrong is he, staunch remainer, everything he touches turns too rat sh*t.

 

[denso13]

There wouldn't be any need for a drop in shares if the bankers weren't such wa*nkers.

Do you think the three pillars of ERG came into play? If so, how?