During their inquiry into the scandal, MPs on the Treasury committee said: “We question Cameron’s judgment in relation to his lobbying on behalf of Greensill.”
They added: “Cameron appears to have relied heavily on the board of Greensill as a guarantee of its propriety and financial health, when arguably he should have taken a broader and more enquiring assessment of the business. There were signals available to Cameron at the time when he was lobbying the Treasury and others which might have led him to a more restrained approach.”
Greensill was obviously as dodgy as fuck. For the clear and obvious reason that it didn’t have a new way of lending money. Supply chain finance, invoice factoring, been around for yonks.
Back to hte basic problem about banking itself. It’s not about ways of lending money. It’s about finding peoiple worth lending money to. And there’s no obvious proof that there’s some untapped pool of people worth lending to. There’s a great deal of evidence that we’re already over that borderline and into lending to people who shouldn’t be lent to in fact.
Therefore anyone claiming a new mthod of lending money and thus finding an new untapped pool is highly likely to be as dodgy as fuck. And anyone who gets to be in government – they do dispose of £1.2 trillion of our money each year after all – needs to know this. #
It’s possible that Cameron simply doesn’t. That the involvement is a result of ignorance, not malice. Having met the man decacdes back I’m willing to believe either. But either explanation also makes him, unfit to be spending our cash.
No, it’s not the lobbying which means such. Nor the alleged £10 million he’d earn from a quotation or whatever. It’s that if the laddie has so little gumption he couldn’t see though that Jug Eared Ozzie then he’s not competent.