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Program Information
State Of The City reports
Bob Ashford - precluded from standing in Avon & Somerset PCC election
Weekly Program
Ian Fraser, Bob Ashford, Martin Summers, Tony Gosling
 Bristol Broadband Co-operative  Contact Contributor
March 22, 2013, 5:16 p.m.
former financial editor of the Scottish Sunday Herald now London based blogger Ian Fraser on the Big Bang open season on fraud indicated by the Court Of Appeal overturning four fraud convictions in the County NatWest Blue Arrow rights issue where dealers fraudulently misrepresented the share price. European Central Bank (ECB), European Union (EU) & International Monetary Fund (IMF) or Troika impose one off tax of between 6% & 10% on Cypriot bank accounts in exchange for bailout. Blue Arrow, County Nat West trial, rights issue for Manpower buyout; financial bribes for Libor rigging. Libor ‘Rain Man’ dealer Tom Hayes was known to be the best Libor fixer in the business. Hayes pay package more than doubled from $2m to $5m when he moved from UBS to Citi bank, however, he was fired by Citi in September 2010 and in December 2012 he was arrested by Londons Serious Fraud Office (SFO) and bailed without charge. Separately, he was charged with wire fraud, price-fixing and conspiracy by the US Department of Justice and his extradition requested. According to an article in the Wall Street Journal, Hayes is now turning queens evidence, singing like a canary, and seeking to prove to the authorities that Libor rigging was condoned at the highest levels at his former employers. Jennifer Arcuri, a close friend of Hayes, said he is helping police with their inquiries. He believes hes innocent, Arcuri told the WSJ. She added that trying to rig Libor was common industry practice. It was like spanking children in the 1970s – condoned from the top. Libor trader Roger Darin also charged with conspiracy, wire fraud and an antitrust violation; Robert & Vincent Tchenguiz are suing the Serious Fraud Office for more than £200m following the agencys investigation into their role in the collapse of Icelands banks, this case could destroy the SFO. Financial press too close to the city, being taken on jaunts & jollys by them; Cyprus and contagion, painting the European Central Bank as Europes new feudal overlord. Interview with Labour’s former mayor of Frome Bob Ashford, who was barred from standing for Police and Crime Commissioner because of a minor offence committed when a teenager. His campaign to change the law is called Wipe The Slate Clean - Strange that senior police officers, officers of all ranks, even Chief Constables and Assistant Chief Constables are not even vetted, many have serious criminal offences on their record and new recruits are not vetted. Marina Morris Voxpop where she asks whether or not you actually trust the police, Jimmy Savile and phone hacking have undermined trust in the police for many Bristolians. International stories briefly covered with Old Labour Oxford economist Martin Summers: Texan man elected in Istanbul as Syrian opposition Prime Minister Ghassan Hitto; appears that chemical weapons have been used near Allepo in Syria by the Free Syrian Army, UN investigating. US and NATO preparing for intervention in Syria. Iraq war started ten years ago this week on WMD lies from German secret service BND’s agent Rafed Al Janabi, codename ‘Curveball’.

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