Kerry slams BoE for Bank of Credit disaster

[JI7]

<LONDON: The defeated US Presidential candidate Senator John Kerry has slammed the Bank of England over its handling of the Bank of Credit and Commerce International (BCCI) disaster and warned that London remains vulnerable to another major scandal.

Expressing his solidarity with the creditors of the BCCI, Senator Kerry told the Sunday Observer newspaper: "The Bank of England failed to supervise BCCI properly."

Kerry is an acknowledged expert on the long-running BCCI affair, having led a US Senate investigation into the rogue bank more than ten years ago.

BCCI, headquartered in London, collapsed in 1991 with undeclared debts of 7 billion pounds.

He said the banking supervision had improved since BCCI episode but warned it was "still necessary" for regulators on both sides of the Atlantic to tighten their anti-money laundering procedures.

"Financial transparency is more important than ever, and we're going to need to continue to be vigilant to prevent any would-be rogue bank from creating another round of victims," he said.

BCCI's victims are currently suing the Bank of England for up to one billion pounds as compensation, alleging that its officials acted with "willful negligence amounting to misfeasance in public office." >

http://economictimes.indiatimes.com/articleshow/964026.cms

[LittleClarkie]

1. This is incredible

He's supposed to be headed for Xmas vacation, and yet he's stlll dealing with and supporting an issue that happened 10 years ago. And he's doing it for people who will never, ever vote for him.

Yeah, he's just trying to get re-elected.

I'm posting this on the main forum! Thanks!

[angrydemocrat]

2. Kerry Never Quit's

He is the great American hero in action at all times! That is what makes this man so great and truly amazing.

[sandnsea]

3. This is current

They're having BCCI/Bank of England investigations and court procedures now. And some uncle of Bush's is involved. I don't know why they didn't talk about all of this during the campaign. I heard Shrum thought it was too complicated. Bush uncle involved in money laundering, how complicated is that?

[angrydemocrat]

4. I Don't Know About You But I ........

Think Shrum and Cahill made some bad decisions. I don't mean that in a bad wat either because I like them and all that but they just made bad decisions. This being one of Shrum's. There was many things in Kerry's career that should have been brought to light and the BCCI investagtions was one of them. Because to me this was one of the things he has done in his career that proves he puts the America and the Amreican people before his own politcal career. This man has done so many good things that people no nothing about and that's a shame and I don't understand Cahill or Shrum's thinking on alot of things.
Kerry will make this well known now and I wouldn't say he might go as far as to get involved if needed to make sure these crooks are brought down. Hell he probablly already is truth be known. Regardless we will all see Kerry on the march to bring down Bush and all his cronies. This man's work is far from finished.

[sandnsea]

5. I hope he does

It would be worth the loss to see John Kerry bring these criminals down once and for all. I tend to keep my campaign thoughts to myself, at least for now. Especially since I don't know who was saying what, when and where. For example, Bill Clinton had some stupid ideas too. Like Kerry coming out for the gay marriage amendments and taking the focus off his Vietnam service. At that time, the best thing to counter the Swift Boats was Kerry's band of brothers. But that seems to be the exact time they decided not to emphasize them. Seems a little wack to me. If anything, too many advisors and not enough Teresa!

[GRLMGC]

6. I'm not too crazy about Shrum and Cahill

I think they gave some crappy advice. Kerry was a good candidate and unfortunately, he made some mistakes, but that's natural. Nothing can occur w/o mistakes on the way. Shrum and Cahill screwed up on a lot of things like ignoring those Swiftboat motherfuckers and not talking about Kerry's incredible past as an investigator. Coulda, woulda, shoulda but didn't. I guess there's no use in worrying about that now.

[ginnyinWI]

7. yes, and remember, without the voting machines being rigged,

everyone would now be lining up to get these peoples' (Shrum and Cahill's) services for their own campaigns.

Never forget that Kerry really won by a healthy margin, and the vote tablulation was rigged. It's so easy to slip into the mindset that he lost, but he didn't.

The other side made their mistakes too, but nobody is critiqueing them, because they "won".

[LittleClarkie]

8. I try to remind people that just before the election

the Freepers were talking secession, not us. We all saw a win for Kerry. He had the big MO.

And if the original exit polls were right on the money, then Kerry actually won by an electoral landslide.

That is what counters the "You stole Nixon/Kennedy, we stole this now stop whining" arguement from Buchanan.

Did Kennedy/Johnson steal an electoral landslide? No, I don't think they did.

Why can't I blame Kennedy for that election, anyway. I put the blame on Johnson for that fraude. And what do the two elections have in common? Texas politicians, that's what.

[angrydemocrat]

9. I Feel Kerry Did Win

All I was saying on my behalf is that I feel like Cahill and Shrum did do some dumb stuff. And I really do believe that. I not saying I dislike either one. But I am one of the supporters that will always believe he won this election. But I also believe had it not been for some bad advice he would done better because there was to many people that believed the swifty liars and didn't know all that Kerry had accomplished in his career. Had they known more and didn't believe the swifty liars some of those who really did vote for chimp wouldn't have. But now that some are learning the truth are saying they regret voting chimp. But they are dumb for not learning the truth about who they are voting for before entering the booth. But sadly as we know there are people that are to damn lazy to get off their ass and learn the truth. Instead the dumbasses believe everytking they here on TV. But I have met 3 different people already that whining over chimp and saying they wish that hadn't voted for him.

Me being mean like I am I just LMAO at them and tell they are getting what they wanted and deserve. Then I tell them to just wait their damn party is just getting started. :evilgrin: I know in some ways I should feel sorry for these people and be nice but I'm not to a point I can do that yet. So I guess I will continue to be mean. But what kills me is no longer than what it has been and they are already whining wanting us to feel sorry for them I think that is a damn joke.

[ginnyinWI]

10. yeah they did make mistakes

It didn't start with the Swifties, either--they let the other side paint Kerry as a liberal wimp starting in the spring. And he didn't come out aggressively against it.
The Dems have a reputation (not true) of being weak on defense, and the Repubs exploited that and painted Kerry as being weak too, even though it wasn't true. They turned him into a stereotype and a cartoon, and our side didn't do anything about it. The media was a willing accomplice in villifying a patriotic war hero and statesman, and they should be ashamed. A lot of people were truly surprised at the John Kerry who actually showed up at the debates, including his opponent.
I think he should have refuted every attack, every day from the very start, and shown that he was up for any fight. People want a tough fighter now, to make them feel safe. And they kept him from it. I don't think they realized how much the terrorism threat would overshadow other issues. I think he was overmanaged and the campaign needed to be more focused.

But he won the election anyway!!

[angrydemocrat]

12. Exactly

I agree it didn't start with the swifty liars. Because I use to complain about alot of things they let go and did nothing about. And I also think he was over managed and feel they should have let the man be himself. Kerry is great the way he is. He's not like that illiterate dumbass that has his ass parked in Kerry's house at 1600 Pennsylvania Ave. Now that dumbass needed someone to paint a better picture. But as we said already even with the mistakes Kerry won!

[TayTay]

11. The reaction to the SBVT Liars is unfathomable

This was the most shocking moment of the campaign for me. I still do not understand why that wasn't addressed immediately. This sort of stuff (in various forms) came up for Kerry in '72, '84, and '96. Kerry had no real response in '72. (He was a newbie and didn't know how to fight those dirty tricks from Nixon.) He fought back against the allegations in '84 (which included having John McCain show up in Boston and say how much Kerry's Senate testimony hurt him when he was a POW.) It came up in '96 when David Walsh (I think) a business columnist for, who else, the Boston Globe published his 'he shot an unarmed teenager in the back' comments. In '84 and '96, they assembled a group of vets who had served with Kerry and addressed the charges head on.

They should have known this would happen. (It happened multiple times in the past.) There should have been a script ready to pull out and campaign funds made available to assemble the folks who actually served with Kerry in Vietnam who could credibly defend him. (I have, damn it, seen it done before.) That this wasn't done and was fumbled so badly was a shock. The one moment that I truly do have bad feelings about the campaign on. I still don't understand it. I have heard that Cahill and Shrum thought they would give credibility to the charges if they addressed them. Again, complete disbelief. This wasn't handled this way before. What a wasted opportunity.

[sandnsea]

14. On the other hand

When it was clear they didn't want to go that route, Democrats should have just SHUT UP and supported the campaign. The approach of this campaign was "they're they go again", trying to expose them for the dirty campaigners they always are. They wanted to pick up on the message and good feelings from the convention, ride high on that, and give the people that strong alternative everybody keeps saying wasn't there. Then, every time Bush said something negative, that's all they would have had to do, "they're they go again". Instead, Democrats fell right into Rove's trap by helping the right focus on the swift boat liars and taking attention away from the campaign message. We hurt ourselves there by not trusting the campaign. The biggest mistake this campaign made was in not bringing up Kerry's record, all the way back to exactly what he did as a prosecutor. I don't know what they were thinking, people wanted to know he'd done something in 20 years. The fact that he's done so much makes it even more frustrating.

[LittleClarkie]

15. Yep, how do you listen to the advice of millions of cats

all wanting you to talk more about the issue they considered most important, or telling you to try about a million different tactics.

It was nuts.

Even now, I hear "he should have dropped the Vietnam stuff" "he should have used the Vietnam stuff more to fight the Swiftees" and on.

I agree about the record. The other side kept saying he hadn't done anything in 20 years, that his record was weak. Well, his legislative record maybe, but there was so much more.

So many lies were said about the man, even now it breaks my heart. The flip/flop thing alone made me insane. And now I find out that originated with DEAN?! Oh, thanks a whole hell of alot pal!

[GRLMGC]

16. If I never hear the term flip-flop again

It'll be too freaking soon.

[sandnsea]

17. His legislative record

Was impressive. Acid rain. Oceans & fisheries. Money laundering. Small business vet loan program, women & minorities program, small women's business center. Wrote the precursor to the CHIP program. YouthBuild. Nurse Reinvestment Act. AIDS legislation. Agent Orange investigation. He was the one who made it possible for us to bring home our POW/MIA remains, it made me so mad Dean couldn't thank Kerry for that when they found his brother. Kerry made peace with a nation we had been at war with. And there was more than this. He only had to put about 10 things out there because people don't have the attention span for more than that anyway.

Yeah, Dean did the flip flops; but we did Waffle Powered Howard, so all's fair I guess.

[LittleClarkie]

18. I know all's fair, but we do such a job on each other in the primaries

That the Republicans just have to sit back and watch, and then pick the best bits for their own negative campaign.

Waffle Powered Howard. Hrrrr. I like it. Hey, I don't mind Dean. But for others to make him the savior and Kerry the devil himself gets on me nerves.

Wow, you put together an impressive list there. Agent Orange? Wow, I should have known. And Dean's brother's remains were found in Vietnam as a result of what Kerry did? And Dean never said anything? That's terrible.

Do you know how far that would have gone in the whole POW attack? That was the whole catch 22 about naturalization of relations with Vietnam. The POW families didn't want naturalization without POW accountability, but you couldn't have effective POW accountablility without naturalization. What a thankless job that was too. And I guarantee he doesn't get much thanks from the POW/MIA families (but then I think there are forces frothing up those people who should be ashamed of themselves -- people like Ted Sampley.)

Just the latest in a series of tasks Kerry did that hurt him rather than helped his career. And people paint him as power hungry and ambitious. Heck, do you realize how much farther along he'd be if he hadn't gotten hung up in these career killing endeavors?

He almost always comes bouncing back when you think he should be dead. I hope he does it again in 08 (at least a governent post of some sort. Sec of Def? Sec of State (yeah, yeah, yeah!) Attorney General? (that one's not bad either.) Chief of Staff? (hm, they say he puts together a good staff). Anywhere he could serve and get some ideas out there would be nice.

[ginnyinWI]

19. Kerry went to Vietnam 14 times

while trying to clear up the POW/MIA problem and normalize relations with Vietnam. He's a tireless, fearless workhorse. How many other senators worked that hard?

As for government posts, if not Commander in Chief, I'd vote for Attorney General.

[GRLMGC]

13. The other side made STUPID mistakes

like Bush saying that the war on terror could not be won when that's his WHOLE platform. You're right, nobody is criticizing them because they're in the White House. The problem I have w/ Shrum and Cahill is that they also made idiotic mistakes that needn't have been made. They should have addressed the Swift Boat Liars. Another poster said that Kerry has fought accusations head on before. I don't like how decided against that. So yeah, I'm not a huge fan. Kerry was a great candidate with so many great qualities that the public didn't know about and I find that so wrong.