8chan/8kun QResearch Posts (6)
#13422269 at 2021-04-14 05:47:05 (UTC+1)
Q Research General #17001: Can FakeNews Recover From The George Floyd Narrative Collapse? Edition
>>13422264
Banking Crisis: Fallout from Greensill Financial Collapse Splatters British Government, as Taxpayers Face Big Losses
Downing Street's dodgy dealings with Citigroup and Greensill show just how far the British government is willing to go to line the pockets of banks and other financial firms while bleeding taxpayers dry.
The collapse of UK-based supply chain finance firm Greensill Capital continues to reverberate. In Germany the private banking association has paid out around ?2.7 billion to more than 20,500 Greensill Bank customers as part of its deposit guarantee scheme after the bank collapsed in early March. But the deposits of institutional investors such as other financial institutions, investment firms, and local authorities are not covered. Fifty municipalities are believed to be nursing losses of at least ?500 million.
Greensill's biggest source of funds, Credit Suisse, has seen its share price plunge by almost a quarter. This is due not only to the fallout from Greensill's collapse but also the impact of losses at its prime brokerage division caused by the stricken U.S. hedge fund Archegos, which are expected to reach ?4 billion. The lender has warned of "considerable uncertainty" regarding the valuation of its supply chain finance fund. More than $5 billion of the roughly $10 billion invested in the fund remains outstanding.
Credit Suisse had assured clients in marketing documents that the debt in the supply chain fund was "low risk". In one factsheet, it also said: "The underlying credit risk of the notes is fully insured by highly rated insurance companies." At the beginning of March, that turned out not to be true. Some clients whose money remains trapped in the fund have threatened to sue.
Greensill's biggest client, Anglo-Indian steel magnate Sanjeev Gupta, is on the verge of bankruptcy. Gupta's GFG Alliance reportedly owes Greensill more than ?3 billion. It began defaulting on its obligations after Greensill stopped lending to the group at the beginning of March. At the end of March Gupta requested a £170 million emergency loan from the UK government, which was duly rejected. Greensill's administrator, Grant Thornton, has been unable to verify invoices underpinning some of the loans to Gupta. Companies listed on the documents denied ever having done business with the metals magnate.
Now the fallout is beginning to splatter the British government, which invited Greensill to participate in its Coronavirus Large Business Interruption Loan Scheme (CLBILS). This is despite the fact the company:
a) wasn't a bank; and
b) was quite clearly already in deep financial trouble. Greensill's participation in CLBILS allowed it to extend even more loans, this time government backed, to Gupta's empire.
Taxpayers will now probably end up holding the bag for those loans.
Special Treatment, Frantic Lobbying
Greensill Capital was the only non-bank financial firm to administer the emergency coronavirus loan schemes. The Treasury has admitted that Greensill was exempt from the capital adequacy and stress tests that would safeguard the public from risk when using other lenders. The apparent reason for this special treatment was that former UK Prime Minister David Cameron, who had joined Greensill as an advisor in 2018, was frantically lobbying Chancellor of Exhchequer Rishi Sunak to hand government loans to the embattled financial firm even as it spiralled toward bankruptcy.
Cameron is believed to have held share options in Greensill Capital worth tens of millions of pounds. Now they're worth nothing.
Cameron's ties with Greensill's eponymous founder, Lex Greensill, date all the way back to 2011, when Cameron's then-cabinet secretary, Jeremy Heywood, brought Greensill - then the head of Citi's supply chain finance division - into 10 Downing Street as a special advisor. Greensill was still on Citi's payroll when he joined the government. As an expose in The Sunday Times reveals, his brief was to convince ministers and senior civil servants to hire Citi to extend early payment to many of the government's biggest suppliers.
https://www.globalresearch.ca/fallout-greensill-collapse-splatters-british-government-taxpayers-face-big-losses/5742047
#9321018 at 2020-05-26 17:51:48 (UTC+1)
Q Research General #11929: Black Is White, White Is Black, Then There's Red Edition
A pretty interesting appointment in the UK Civil Service. The article below provides the background information but as context this post is the most senior Civil Servant role in the UK Prime Minister's office, and what makes it interesting to us Anons is where this guy has worked in the past:
- he's been the Principal Private Secretary to Prime Ministers David Cameron and Theresa May ie he was there just before and just after Trump became President, so he'll have known the activity of the UK Government in relation to Obamagate.
- he's recently been Private Secretary to Prince William, so there is the Royal Household connection
- he was Director of Strategy for GCHQ, the UK's spying agency, so he's a spook
The question is white or black hat?
>Simon Case, a former senior Brexit official and No.10 PPS who was poached by Kensington Palace, is to return to government as permanent secretary at Downing Street it has been reported.
>The Cabinet Office this morning confirmed reports that Case had been appointed to the newly-created post, which will focus on leading the government's response to the coronavirus crisis.
>Case will be the second even perm sec at No.10. Jeremy Heywood spent two years in the role from 2010 to 2012, before becoming cabinet secretary two years later.
>Case spent just over a year as principal private secretary to prime ministers David Cameron and Theresa May before becoming director general for the UK-EU partnership in May 2017. During that trime he worked with the UK Representation to the EU leading the government's work on Brexit and the UK's future relationship with the EU, before moving in January 2018 to lead work on finding a solution to the post-Brexit Irish border problem.
>Previously he was head of the Implementation Unit, the Cabinet Office unit set up to to support and coordinate departments' work on key government policies, and director of strategy at the communications agency GCHQ.
>He left the civil service in July 2018 to become private secretary to Prince William - the most senior appointment in the Duke and Duchess of Cambridge's household, with overall responsibility for its management.
>Commenting on the appointment, Institute for Government programme director Alex Thomas said Case "knows and understands No.10" having spent a significant amount of time working in and around Downing Street.
>He said Case's main responsibilities were likely to be "keeping coherence and good order" as the pandemic continues to unfold.
>An unnamed No.10 official told the FT the post "reflects the size of what we're trying to do and how many strands of work there are".
>A government spokesperson said: "The cabinet secretary, with the agreement of the prime minister, has appointed Simon Case as permanent secretary at 10 Downing Street.
>"Simon is extending his secondment from the royal household and will be supporting the prime minister and cabinet in developing and implementing the government's coronavirus response."
>The prime minister' official spokesman confirmed the move was "specifically co-ordinating the coronavirus response", adding: "Coronavirus is obviously a very significant piece of cross-governmental work, and that's what Simon is focused on."
>Asked at the daily lobby briefing if that wasn't Sir Mark Sedwill's job, the spokesman replied: "Sir Mark is the cabinet secretary. Simon reports to Sir Mark." And he denied that the appointment should be seen as Sedwill's "wings being clipped", as has been suggested in the media, saying: "Absolutely not"
Sauce: https://www.civilserviceworld.com/articles/news/former-downing-street-pps-simon-case-return-civil-service-no10-perm-sec
#3744765 at 2018-11-05 22:02:43 (UTC+1)
Q Research General #4756: Tippy Top, High Energy, Campaign POTUS Edition
FISA and UK spying on POTUS: UK cleaning House prior to "declassify"?
UK intel agencies likely key ppl:
Robert Hannigan: Director GCHQ - resigned 3 days after inauguration on January 23,2017; "officially" left April 7, 2017
(See meme for additional info)
https://www.bbc.com/news/uk-38723040
https://www.theguardian.com/uk-news/2017/mar/20/gchq-appoints-mi5-Jeremy-fleming-as-director
Sir Mark Lyall Grant: National Security Advisor & Hannigan's boss ; resigned April 12, 2017
(was also Permanent Representative for UK to United Nations)
- Oversees all the intel agencies & controls their funds.
- Replaced by Sir Mark Sedwill April 13, 2017
https://en.wikipedia.org/wiki/Mark_Lyall_Grant
https://en.wikipedia.org/wiki/National_Security_Adviser_(United_Kingdom)
Jeremy Heywood; Cabinet Secretary & Head of Civil Service; resigned October 2018, Died November 4, 2018.
- Most powerful person in the country of whom most people had never heard.
- Closely associated with ex-PMs Cameron & Blair.
- Inside Whitehall… far from invisible. He was more invincible, and certainly controversial.
- Not a fan of freedom of information; very hostile to the disclosures.
- Replaced by Sir Mark Sedwill October 31, 2018.
https://www.theguardian.com/politics/2018/nov/04/lord-Heywood-of-whitehall-obituary
https://www.gov.uk/government/news/statement-on-sir-Jeremy-Heywood
Sir Mark Sedwill becomes National Security Advisor and Head of Civil Service.
- 2014 … allegations… concerning the possible existence of a paedophile ring at Westminster, Sir Mark Sedwill …insisted that all public bodies - including political parties - should sweep their documents for evidence of a conspiracy of silence.
- Sedwill later admitted that 114 potentially relevant files relating to the abuse of children by people in public life were missing and had probably been shredded (prior to his time in the position- see DrSallyBaker link).
- Sir Mark Sedwill, National Security Advisor, speaks from both civilian and military perspectives at the RUSI Land Warfare Conference 2018 on the evolving outputs demanded of land forces and novel approaches to achieving them in the Twenty-First Century, ~ 23minutes.
(youtube link below but interference from ~ 10 minutes when he starts talking about threats - don't know how to fix it)
- Says teamwork is important.
https://www.gov.uk/government/people/mark-sedwill
https://www.seh.ox.ac.uk/news/alumnus-sir-mark-sedwill-appointed-head-of-uk-civil-service
http://www.drsallybaker.com/tag/sir-mark-sedwill/
https://www.youtube.com/watch?v=538Qp6XbvFU
https://rusi.org/annual-conference/rusi-land-warfare-conference/2018-presentations
https://www.civilserviceworld.com/articles/news/sedwill-prioritises-impact-and-teamwork-first-message-permanent-cab-sec
PS. If you doubt the significance of the UK Civil Service check out the old BBC comedy "Yes, Minister" - suspect there is a lot of truth in it! https://en.wikipedia.org/wiki/Yes_Minister (U.S. "SES" ppl trying to duplicate the power?)
#3725174 at 2018-11-04 11:28:51 (UTC+1)
Q Research General #4731: 2 Days To Go Edition
NEWS
UK PM May's former senior adviser, Jeremy Heywood, dies aged 56
LONDON (Reuters) - Jeremy Heywood, the former head of Britain's civil service and a senior adviser to Prime Minister Theresa May on implementing Brexit, died aged 56 on Sunday following illness, May's office said in a statement.
As Cabinet Secretary from 2012 to late 2018, Heywood helped oversee the preparations for Brexit - Britain's biggest political and economic shift in decades - and provided politically impartial advice to ministers, including May.
Some eurosceptics have accused the civil service, the non-political administration responsible for the smooth functioning of government, of being biased against Brexit and of trying to soften the terms of Britain's departure from the European Union.
https://www.reuters.com/article/us-britain-eu-Heywood/uk-pm-mays-former-senior-adviser-Jeremy-Heywood-dies-aged-56-idUSKCN1N90AA
#3724969 at 2018-11-04 10:39:09 (UTC+1)
Q Research General #4731: 2 Days To Go Edition
Ex-civil service chief Sir Jeremy Heywood dies
>Retires from position citing "Cancer"
>Dies few weeks later of said "Cancer" aka the No-Name special
>2nd most powerful man in UK politics
https://www.bbc.co.uk/news/uk-politics-46089019
#3583488 at 2018-10-24 12:31:30 (UTC+1)
Q Research General #4546: There Is Much Work To Be Done Edition
Notable resignation.
The head of the United Kingdom Civil Service has resigned.
`I wanted to write to all staff today to inform you that Sir Jeremy Heywood has announced that he is standing down as Cabinet Secretary and Head of the Civil Service due to ill health.
The Prime Minister has appointed Sir Mark Sedwill, the acting Cabinet Secretary, permanently to the role with immediate effect'
https://www.gov.uk/government/news/statement-on-sir-Jeremy-Heywood
Jeremy was in post at the time of all the FISA skullduggery so a very interesting resignation.
8chan/8kun QResearch UK Posts (1)
#5863125 at 2019-03-24 15:38:08 (UTC+1)
Q Research UK #2: The UNITED STATES is WITH YOU
>>5862373
Olly Robbins took over from Sir Jeremy Heywood, - He disappeared off the scene sometime in 2018, …… brings to mind "MI6/SIS cleaning house"
"Theresa May pays tribute to 'exemplary' Sir Jeremy Heywood as UK's top civil servant resigns"
https://www.independent.co.uk/news/uk/politics/Jeremy-Heywood-resigns-civil-service-cancer-illness-health-mark-sedwill-politics-a8599136.html