Coop got done NY mafia style.
The fact that JPMorgan and Goldman were brought in
was just the cherry on top, for this fraud.
You see, my point was, the Coop was set up by the elites,
usually those found in the government, as a way to get rid
of the only co-operative mutual bank on the High Street.
This was my educated guess. I was right.
The article below will explain how it was done, by the
admission (or evident stupidity of) their point man,
Reverend Flowers. that's right, a priest.
- a drug-taking, with pedo claims and public indecency
claims, fudging expenses claims, and no banking experience.
I "saw" how Flowers was put in place by the elite and
rubberstamped by the Coop board. How do I know? It's so
odd. In old, low-key enterprises like the Coop, the elite is
respected and allowed to do what it wants. Nobody wants
to rock the boat. I don't want to get into UK meetings
psychology, but that's also part of it.
So, the elite brought in this loser. The loser admits that the
elite (see below) pushed Coop to buy Britania Bank, with the
help of JPM and GS, even though it was obvious that the
bad debts of BB would ruin the Coop, as happened recently.
The elite also told Coop to buy 650 Lloyd's Bank branches
again with the mounting problems.
Flowers then blew up at the right time to make the Coop into
a right mess. Yes, the Coop were fools, but the elite destroyed
them, for the benefit of the big banks. Lots of people now
want to leave the Coop but where can they go. All the other
banks are derivatives cheats, thieves, on the government pay,
corrupt stock market gamblers.
A perfect situation for those banks now. The Coop was on
the verge of becoming the only option. If you think that big
banks have bigger fish to fry, then you don't realise that those
banks want to corner the market, then they'll charge
depositors to even look at their balances.
Mark my words.
Checkit: theguardian.com
Co-operative Bank's former chairman 'seeking help' after drugs admission
Methodist minister Paul Flowers seen in video counting out money to buy substances, while texts discuss drug taking
Haroon Siddique
Sunday 17 November 2013 09.50 GMT
The Co-operative Bank's former chairman Paul Flowers has apologised for his "stupid and wrong" behaviour and said he is seeking professional help after a video was published showing the Methodist minister handing over money to buy hard drugs.
The footage showed Flowers counting out £300 in cash and asking if he could also get hold of ketamine. The Mail on Sunday said a friend of Flowers handed over the footage, purportedly recorded days after the former Co-operative Bank chairman gave testimony to the Treasury select committee over the bank's £700m in losses and its abandoned bid to buy branches of the bailed-out Lloyds Bank.
Stuart Davies handed over the video and a series of incriminating text messages after becoming "disgusted by the hypocrisy" of a man who had chaired the anti-drugs charity Lifeline and written columns about the evils of drug use, the Mail on Sunday said.
After being confronted with the material, Flowers, 63, referred to the pressures of his job and dealing with a family bereavement.
"This year has been incredibly difficult, with a death in the family and the pressures of my role with the Co-operative Bank," he said. "At the lowest point in this terrible period I did things that were stupid and wrong. I am sorry for this and I am seeking professional help and apologise to all I have hurt or failed by my actions."
Davies also handed over text messages purporting to be from Flowers. One said: "I was 'grilled' by the Treasury select committee yesterday and afterwards came to Manchester to get wasted with friends." In others he said he was on "ket" and had the club drug GHB. Davies said he smoked cannabis with Flowers and witnessed him smoking crack cocaine.
The Co-operative Bank said it had no comment, while the Methodist church said a thorough investigation would take place.
"We expect high standards of our ministers and we have procedures in place for when ministers fail to meet those standards.
"Paul is suspended from duties for a period of three weeks, pending investigations, and will not be available to carry out any ministerial work. We will also work with the police if they feel a crime has been committed."
On 7 November, Flowers tried to spread the blame for the bank's woes, telling the select committee that politicians had actively encouraged the Co-op Bank's expansion spree involving an ill-fated attempt to buy 631 branches from the Lloyds Banking Group.
The bank also disastrously took over the Britannia building society, a deal that brought with it a raft of bad loans.
Flowers said he had resigned as chairman in June 2013 to take responsibility for a £1.5bn capital shortfall that left the Co-op group having to demutualise the 100-year-old bank and hand a 70% share in the British institution to a group of bondholders involving US hedge funds.
