Thursday, May 13, 2010

Constitutional Law

It would appear that the Conservative and Liberal Democrats are prepared to perpetuate the flaw under New Labour and have a politician as Lord Chancellor again, now Kenneth Clarke. Is there a reason why it is not a Judge and, the reason, is it a constitutional issue, ie requiring serious debate in the Houses of Parliament both Commons and Lords? How much "change regime" is the Conservative/Libdem pact keeping or continuing?

On another issue: Lord Donaldson had two nuclear weapons - "the Anton Pillar Order" and "the Maereva Injunction". These are two concepts of "equity" and used to deal with financial problem cases before a court, especially concerning tracing of money. They are objects of law designed to take effect from the 1970's.

Vince Cable is to get to grips with the banking crisis - it strikes me that the bankers have had more success than a nuclear missile attack - the Greek econony is bailed by the IMF bank, the Spanish, Portuguese are on the brink, the UK is printing money and doing "quantative easing" and has a deficit larger than the bailed out Greeks which also includes the bailing out of the Northern Bank, Bank of Scotland and Royal Bank of Scotland (now largely owned by the taxpayer) as well as the Lehman Brothers, a financing organisations, total collapse. America and Japan / Asian economies and an Arab economy are all also substantially affected to some degree as well as the Madoff (America)/Raza (India)/Di Yimin (China)/Goodwin (UK) scandal in relation to "ponzi schemes" - speculatively - who is the teacher(s).

Therefore, perhaps the issue is that we don't actually need Trident missiles located in Scotland at all, as they would do less damage and harm than bankers hell bent on "borrowing" their bonuses. Bonuses should come out of profits, as dividends secured from shareholder investment come out of profits.

If our economy is in a mess with financial deficit which is way too serious, then getting to grips with the debit and credit columns would secure world order, which is not meant to exist in chaos, but organisation ... as does the natural world so also should the artificial world to include intangibles.

Perhaps there is a need for a universal judgment against a bank to set the system back on course - without a Lord Chancellor who is a judge with executive powers in Cabinet, we may be sorely pressed to deal ...

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