The Phallic Follies
43 minutes ago
| You Are 22% Evil |
![]() A bit of evil lurks in your heart, but you hide it well. In some ways, you are the most dangerous kind of evil. |
![]() 'Jam to-morrow and jam yesterday - but never jam today' (Lewis Carroll - Though the Looking Glass and What Alice Found There) |
![]() 'Jam to-morrow and jam yesterday - but never jam today' (Lewis Carroll - Though the Looking Glass and What Alice Found There) |
| Your Political Profile: |
| Overall: 65% Conservative, 35% Liberal |
| Social Issues: 50% Conservative, 50% Liberal |
| Personal Responsibility: 75% Conservative, 25% Liberal |
| Fiscal Issues: 100% Conservative, 0% Liberal |
| Ethics: 50% Conservative, 50% Liberal |
| Defense and Crime: 50% Conservative, 50% Liberal |
![]() ... one year already ... My sincere condolences to all those who have lost family, friends and colleagues in the horrifying and incomprehensible acts of terrorism against innocent people in London, travelling on the London Underground and on a London bus, killing several dozen and injuring many hundreds Rest in Peace. Terrorism cannot, and must not, ever be appeased. |
RBS last year settled one case over Enron brought by its bankruptcy administrators, paying $20m (£11m). It has filed a motion to try to get the Newby case dismissed and has said the case has no merit. A ruling by the Houston judge, Melinda Harmon, is awaited. Ms Harmon threw out a similar motion by Barclays and the Newby litigation against that bank is due to start in October. While RBS has been tight-lipped over most aspects of the litigation surrounding Enron, it is understood to have said one thing in private to the NatWest Three which could be significant. That was to tell them that in addition to the fact that it was difficult to engage with them due to the ongoing US case against them, it would also not collaborate following advice from its US lawyers. That may be an oblique reference to RBS's own difficulties. The bank warns shareholders in its annual report that it faces litigation and says it has supplied the SEC and Department of Justice with documents in response to their requests. Perhaps in the mind of Sir Fred Goodwin, chief executive of RBS, is what happened to KPMG. The accounting giant agreed with the Department of Justice and SEC to pay $456m to avoid being prosecuted as a firm for selling allegedly illegal tax shelters. The deal is widely seen as having avoided a similar situation to Arthur Andersen, which collapsed after it was criminally indicted for its involvement with Enron. As part of the agreement with the US authorities, KPMG is not helping the defence of the individual partners indicted over the tax shelters. They must fight their case alone. |
Who'll help us when the US marshals hit town? It was gratifying to hear Richard Lambert, the new director general of the CBI, lend his voice yesterday to those criticising the Government for its supine attitude towards America's extradition demands. He joined his alma mater, the Financial Times, who last Wednesday told the UK Government that it should suspend the current extradition treaty with the US. Such support for the aim of our long-running Fair Trials for Business campaign may be too little too late but at least it adds fuel to the fire. I'm delighted Lambert has decided to follow his vocal predecessor, Sir Digby Jones, in casting serious doubt over the Government's handling of extradition procedures with the US. (please click on the link above to see the full article.) |
The fog lifts over RBS's inaction on NatWest Three So now we know. We have an answer to the question which, for many months, has been baffling British business leaders. Why won't Royal Bank of Scotland, owner of NatWest, involve itself directly in the case of its former executives who face extradition to the United States on fraud charges? All the bank needs do is to start legal action here in Britain against the NatWest Three - David Bermingham, Giles Derby and Gary Mulgrew - for their extradition to be halted immediately. But, so far, RBS has mysteriously refused. What's behind this apparent abnegation of responsibility? Why let American prosecutors grab the controls of what should be an all-British legal matter? It seems not to make sense. For if RBS believes that the trio are innocent, surely the bank has a duty to protect them. If, on the other hand, RBS is convinced of their guilt, why not take them to court here? After all, it was in Britain where the alleged crime was committed. All the witnesses are here; so too is the evidence. Allegations that the NatWest Three were swindlers, which they deny, emerged after a dragnet by American authorities into the £40bn collapse of Enron, the US energy company. There is, however, no claim that the British bankers defrauded anyone other than NatWest. So why would RBS sit on its hands and, by default, allow its ex-employees to endure a Texas jail for two years while awaiting trial? It's known as the Lone Star state, but the prisons there are unmistakeably no-star. Stripped of easy access to family, friends and legal support, bankrupted by the horrendous cost of US litigation, Bermingham, Derby and Mulgrew could not possibly defend themselves properly. Banged up in Houston, they really would have a problem. Why then put them through it? Not even his worst enemies suggest that RBS's chief executive, Sir Fred Goodwin, is motivated by either indifference or spite. So what's his reason for doing nothing, thereby letting the NatWest Three stew in the juice of their own fear and frustration? Questions, questions, questions. Now, at last, we have some answers. Sterling work by my colleague, Katherine Griffiths, in yesterday's Daily Telegraph, revealed that, when it comes to the fall-out from Enron, the fate of the NatWest Three could be the least of RBS's worries. (please click on the link above to see the full article.) |
"Downing Street indicated that it was washing its hands of the three, even though Washington has not ratified the treaty allowing similar treatment for Americans." |
Join your voices to the protests at this unjust treaty Today is a call to action. Readers of The Daily Telegraph are being invited to add their names to an open letter to John Reid, the Home Secretary, protesting against our extradition treaty with the US which, as we have pointed out many times, is an affront to British justice. The easiest way to do this is to go online to the Telegraph website and add your name that way. If you prefer, you can write to me expressing your support for our campaign and I will send on your letters to the Home Office. Please mark your letters "Extradition". Readers, from ordinary folk to our most illustrious business leaders, are united in their opposition to what is an obvious flaw in our legislation, that could and should be amended. Of course Britain's relationship with America is special but that does not mean it has to be unequal. Yes, the greater economic and military power lies on the other side of the Atlantic but our freedom cannot be bargained away in a badly drafted and unfair treaty that we have signed but the US has not. It is crucial you add your support to this urgent matter. Do not delay. |
"It doesn't bother me one bit. As long as they're doing their jobs properly, I couldn't care less about it." |
"It's not really for me, but that's their business." |
Cricket at Nairn Links - 1st July 2006 Nairn v. Fochabers ![]() The shore and harbour in the distance. ![]() Please click here to see larger images |
Nairn shore - 30th June 2006 11.47 p.m. Looking toward Ardersier over the Cromarty Firth ![]() Please click here to see a larger image |
