Supplementary memorandum from Paul Daly
I awoke this morning with one of those feelings
of not quite believing I was in the situation I'm in.
I was thinking that in the time the British
government has allowed these huge property companies to force
their tenants to buy products that have been hugely inflated Apartheid
has fallen, there is a ceasefire in Northern Ireland, The Soviet
Union has fallen, and America has a black president.
This model is a form of tyranny and the irresponsible
borrowing that these companies have signed up to is forcing them
to take more and more advantage of their tenants or "partners"
as they like to call us. It has got to be stopped and stopped
now.
What they have done and the Gearing they have
exposed the companies to is similar to the Sub-Prime fiasco in
America. By this I mean they know perfectly well that X-per cent
of their tenants will fail and face financial ruin but still they
borrow. This huge debt then forces them to take more and more
advantage of their "Partners".
This self imposed huge liability is going to
be their main argument when they come cap in hand with grovelling
stories of not being able to survive on 9 December at the oral
evidence session. They need to be stopped and heads need to roll
as they did and are continuing to do in the Banking sector worldwide.
I would like to attend on Tuesday please to
witness the lies and legal loopholes that they come up with this
time to further out-manoeuvre the MPS and the Business and Enterprise
Committee. What do I need to do to attend?
Please add this letter into the system against
this extreme exploitation being allowed to continue.
5 December 2008
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