Coutts VS Nigel Farage
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 Hrolf The Ganger  24 Jul 23 9.16am |
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Originally posted by Wisbech Eagle
It's not an outrageous decision at all. It's a very badly handled decision that has rebounded disastrously, but they had every right to make it. Farage is simply playing politics with his private life. You watch him squeal about privacy the next time some journalist finds some dirt on him! Why the government has decided to get involved puzzles me. I guess they fear losing votes to Reform over it, as Reform is very obviously the destination for Farage's current political ambitions with GB News the vehicle he is using to get there. Deluded.
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| silvertop Portishead 24 Jul 23 9.30am |
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Originally posted by Hrolf The Ganger
Deluded. Wisbech can look after himself (he does little else on here) but I am curious as to which part of this post you find deluded. An absurd, self-defeating thing for Coutts to have done, but do you really believe that Farage is not politicizing his private life? And the comment about government intervention is equally valid. The Tories must be desperate if they are seeking to interfere with the commercial freedoms of their paymasters.
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| Hrolf The Ganger 24 Jul 23 9.47am |
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Originally posted by silvertop
Wisbech can look after himself (he does little else on here) but I am curious as to which part of this post you find deluded. An absurd, self-defeating thing for Coutts to have done, but do you really believe that Farage is not politicizing his private life? And the comment about government intervention is equally valid. The Tories must be desperate if they are seeking to interfere with the commercial freedoms of their paymasters. There is only one story here. All else is deflection. Those on the left are happy to see our freedoms removed if it gives them political advantage. That is all you need to know.
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cryrst Online  The garden of England 24 Jul 23 9.52am |
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Originally posted by silvertop
Wisbech can look after himself (he does little else on here) but I am curious as to which part of this post you find deluded. An absurd, self-defeating thing for Coutts to have done, but do you really believe that Farage is not politicizing his private life? And the comment about government intervention is equally valid. The Tories must be desperate if they are seeking to interfere with the commercial freedoms of their paymasters. Tbh silver I think it is important to highlight it. 1000s have had accounts closed but didn’t have the platform or fame to highlight it. This could have been over just one tweet or insta or letter to the papers. The next one could be you or yours having it done to them. These organisations think they are the judge jury and executioner and that isn’t their job. Report someone by all means if it’s bad enough to merit reporting but we all have to go down the correct channels, why shouldn’t they?
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| NEILLO Shoreham-by-Sea 24 Jul 23 10.19am |
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Originally posted by Wisbech Eagle
NF may well not have changed but society has and every organisation, banks included must recognise and react to that. They will carry out periodic reviews and make decisions about how best to manage their reputation. That looks to me what has happened but they handled it very badly. Oh the irony that Coutts are trying to maintain any sense of reputation when they are owned by the likes of the RBS Group. Now, if you were NF's Relationship Manager at Coutts, it's your job to know your client. Did he think that NF would quietly accept their decision ?! As you rightly point out he can and will politisise events in his private life, and guess what - he has. As for the Government becoming involved, they have every right to do so given that RBS is still 39% owned by them.
Old, Ungifted and White |
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| silvertop Portishead 24 Jul 23 11.44am |
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Originally posted by cryrst
Tbh silver I think it is important to highlight it. 1000s have had accounts closed but didn’t have the platform or fame to highlight it. This could have been over just one tweet or insta or letter to the papers. The next one could be you or yours having it done to them. These organisations think they are the judge jury and executioner and that isn’t their job. Report someone by all means if it’s bad enough to merit reporting but we all have to go down the correct channels, why shouldn’t they? I see. Good points. Banks will make the pub argument. A pub can sell to who they want and expel who they want for any reason, good or bad. Likewise banks. However, it is not quite the correct analogy, is it? If you are wearing a lairy shirt and the landlord asks you to leave, it is unlikely to cause you issues with paying your mortgage or buying the family groceries. Also, there is an element of payback. After the banks fecked up on sub-prime lending, it was us who had to divert funds from critical public needs to prop them up, a shift that has never been corrected. I lost a job over this. Thus, we either part own them; but they all owe us. Either accounts are closed for sound commercial/legitimate reasons (laundering etc.), or they are closed for the bad reasons you give. In which case legislation (or a threat of it) may be necessary to address this chilling effect. And this is not left or right. A bank can presumably close an account of someone preaching radical but peaceful Islam or hard left activism as much as they can shut down the likes of Farage.
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| Stirlingsays 24 Jul 23 11.49am |
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It is kind of both annoying and wry that the Tories get to grandstand on Bank behaviour on laws that they introduced and which enabled precisely what they are doing. It's almost like the people paid to review and pass laws don't know what the feck they are doing and make bad laws all the time. Who knew. The political class are always moaning about their pay but in my view most of them aren't fit for purpose or deserving of the pay they even get.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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| Badger11 Beckenham 24 Jul 23 12.05pm |
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Originally posted by Stirlingsays
It is kind of both annoying and wry that the Tories get to grandstand on Bank behaviour on laws that they introduced and which enabled precisely what they are doing. It's almost like the people paid to review and pass laws don't know what the feck they are doing and make bad laws all the time. Who knew. The political class are always moaning about their pay but in my view most of them aren't fit for purpose or deserving of the pay they even get. This. I would add that as we are moving to a cashless society how are people expected to live without a bank account. I predict at some point in the not too distant future one of the major parties will propose a legal right to banking. If you've just came out of prison for a terrible crime you still need a bank account but your reputation isn't exactly stellar.
One more point |
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| Wisbech Eagle Truro Cornwall 24 Jul 23 1.19pm |
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Originally posted by cryrst
Tbh silver I think it is important to highlight it. 1000s have had accounts closed but didn’t have the platform or fame to highlight it. This could have been over just one tweet or insta or letter to the papers. The next one could be you or yours having it done to them. These organisations think they are the judge jury and executioner and that isn’t their job. Report someone by all means if it’s bad enough to merit reporting but we all have to go down the correct channels, why shouldn’t they? I'll rejoin! They did go down the right channels. They are their channels. They just did it very carelessly. A bank account is a service provided by a bank. The money in it is yours, not the account. If they decide to withdraw it, then that's their decision alone. That industry standards might mean they are required to give notice or provide an explanation is beside the point.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
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| Wisbech Eagle Truro Cornwall 24 Jul 23 1.29pm |
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Originally posted by Badger11
This. I would add that as we are moving to a cashless society how are people expected to live without a bank account. I predict at some point in the not too distant future one of the major parties will propose a legal right to banking. If you've just came out of prison for a terrible crime you still need a bank account but your reputation isn't exactly stellar. Farage will have no difficulty whatsoever in opening a regular account with almost every bank, including others within the RBS group I imagine. It was only the association with Coutts and their image which caused this. I wonder if he has a Harrods credit card, or whether they don't want his name associated with them? My tenant who served many years inside had a bank account before he came out. No doubt it had requirements and restrictions but he was still able to function in today's world. I expect he was given training on this prior to release.
For the avoidance of doubt any comments in response to a previous post are directed to its ideas and not at any, or all, posters personally. |
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| Hrolf The Ganger 24 Jul 23 1.30pm |
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Originally posted by Wisbech Eagle
I'll rejoin! They did go down the right channels. They are their channels. They just did it very carelessly. A bank account is a service provided by a bank. The money in it is yours, not the account. If they decide to withdraw it, then that's their decision alone. That industry standards might mean they are required to give notice or provide an explanation is beside the point. As usual, deliberately avoiding the key points with diversions. You know exactly why Farage had his account closed. That is the only important detail, and one that should trouble any intelligent person who cares a damn about democracy.
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| Stirlingsays 24 Jul 23 1.47pm |
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Originally posted by Badger11
This. I would add that as we are moving to a cashless society how are people expected to live without a bank account. I predict at some point in the not too distant future one of the major parties will propose a legal right to banking. If you've just came out of prison for a terrible crime you still need a bank account but your reputation isn't exactly stellar. We are living in insane times. The country I grew up in was so much better than this.....If only we could just have the tech and get rid of all these mentalists.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
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