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View Full Version : The Cameron crony, the private jet company, and a crash landing that cost taxpayers £100m



joebloggs
11th May 2014, 11:21
Well it least it looks like he didn't go on holiday with him :doh

Yep it's Labour's fault for the mess we're in, when a bank lends £113m to company with assets of only £2m :NoNo:


Robin Southwell is one of the PM's most trusted business leaders. But there is one blot on his career. Corporate Jet Services, a company that lays on planes for the rich and famous, collapsed in 2007 – costing its main creditor, HBOS, about £100m (and helping to bring about the bank's state bailout, at vast expense to the taxpayer). Tom Harper asks what was HBOS doing lending so much money to such a small firm. And how is it that Mr Southwell and other directors of the firm ended up buying back CJS for a knock-down price?

read more here .. http://www.independent.co.uk/news/uk/politics/exclusive-the-cameron-crony-the-private-jet-company-and-a-crash-landing-that-cost-taxpayers-100m-9350090.html

Dedworth
11th May 2014, 12:01
Well it least it looks like he didn't go on holiday with him :doh

Yep it's Labour's fault for the mess we're in, when a bank lends £113m to company with assets of only £2m :NoNo:



read more here .. http://www.independent.co.uk/news/uk/politics/exclusive-the-cameron-crony-the-private-jet-company-and-a-crash-landing-that-cost-taxpayers-100m-9350090.html

Joe it's slipped my mind but do me a favour and remind me of who deregulated the banks and when

les_taxi
11th May 2014, 12:02
Joe it's slipped my mind but do me a favour and remind me of who deregulated the banks and when

Joe has a Blank when it comes to Labour's time in office :icon_lol:

joebloggs
11th May 2014, 12:12
Joe it's slipped my mind but do me a favour and remind me of who deregulated the banks and when

I think you'll find that it was Foot who wanted to regulate and control banks, but the Tory press :icon_lol: at him :doh

You mean who freed the Bank of England from gov control :cwm25:

Dedworth
11th May 2014, 12:44
Your time frame is a bit skewed Joe - it was the City Slickers chums Blair & Bottler Brown :-

Gordon Brown: I was wrong to free banks from regulation

http://www.standard.co.uk/news/politics/gordon-brown-i-was-wrong-to-free-banks-from-regulation-6458802.html