Memorandum submitted by Struggle against
Financial Exploitation (SAFE)
THE SAFE PROPOSAL
The proposal will save the banks themselves
over a £billion in costs a year, free up 20-25% of court
time, put back into the economy £billions by way of re-motivated
productive small businessmen and save £millions in Benefit
payments and National Health costs.
The members of SAFE came together because they
had experienced various problems' with their banks, ranging from
overcharging, forgery, theft, conspiracy and outright fraud. Some
have been in conflict for decades and have lost millions, some
their lives, many have died, become ill, been made bankrupt and
inevitably divorced.
Remarkably, in spite of the above, SAFE respects
the need for the bank's to retain their illusion of integrity
so as to protect the British Financial Industry, one must accept
that the Ombudsman and FSA do not have the will expertise or experience
to deal with these matters, there being a conflict of interest
as they are seen as part of the establishment and will therefore
protect the banking industry. Similarly the police and judiciary
ere towards protecting the probity of the banks to the detriment
of the casualty, (the Police/CPS have never brought an action
against a High Street Bank!).
SAFE believes the problem of complaints can
be dealt with confidentially and fairly in conjunction with the
banks and CHAPS, if only 10% of the abandoned bank account funds
were to be donated to CHAPS/SAFE then by the application of an
agreed formula the complainants' claim could be investigated and
if deemed legitimate be quietly settled from the charity on the
instruction of SAFE.
SAFE has already built up a substantial data base
of bank victims which demonstrates without question that there
is systemic fraud and conspiracy throughout the banking industry
and proposes that the banks, like members of parliament, Citizens
Advice, Ombudsmen, FSA etc pass to them all complainants, likewise
it could be integrated as part of the legal procedure that the
parties register the claim with SAFE before any court proceedings
are commenced. This data could then be processed and used by the
banks as it would highlight potential fraud clusters of cases
and commonality within defined areas.
June 2007
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