When things go wrong, people instinctively look for the wrongdoers, to apportion blame and to apply corrective action.

The financial crisis that we find ourselves in is no different, but if we are to believe the media, much of which we know is little more than an organ mouthpiece for government, its all to do with mismanagement at the Banks.

But are we all being driven and led to the wrong conclusions by the media. Is it just a smoke screen?

There are a myriad of reasons as to why we find ourselves in the position we do today, not least government policy, much of it driven from the EU, regulation, again driven from the EU and in the finest of EU traditions (no accounts signed off for 13 years), corruption.

It is this element of corruption that I want to consider today.

There are things that are said, things that are written, small and insignificant alone yet they fly around the mind like a formation of dust particles in space when a new star is being formed.

Follow the money my mind keeps telling me, follow the money. Where does government money flow. It flows not only to Local Authorities, but to NGO's, to Quangos, and to the thousands of shady 'Charities' and 'Registered Companies' that NuLab have pumped taxpayers funds into.

And why has Brown gone for Nationalisation of Banks rather than just pumping in liquidity as the experts have advised?

Then on Wednesday of last week a single act added luminescence to that dust ball. The use of Terror legislation to seize the assets of foreign banks.

The questions have been asked, why? The press has been speculative, the government dismissive, the opposition parties silent.

As part of the losses incurred by Local Authorities, one of the senior members of the Libertarian Party has been questioning his own local authority about responsibility for the lost millions. To our amazement it seems that no one is responsible. No one at all can be held to account, despite flagrant disregard of rule 20 of Government Guidance on specified investments requiring both High Security and High Liquidity.

How can this be one ponders. It appears that in April 2004, this Labour Government deregulated Local Authorities so that they were free to invest where they liked, as long as they took notice of Guidance issued by the Secretary of State, and that they adhered to CIPFA's policy on the Lord Protectors former favourite word 'prudence'.

Basically hidden amongst all the mumbo-jumbo is the central concept that in 2004, Local Authorities were given carte blanche to speculate with our money, and to be financially creative with off balance sheet pseudo PFI partnerships using Council Revenue streams as security.

Yes, thats right. Prudence Brown's government advice to Local Authorities was to be creative with off balance sheet deals. The very same thing he now blames Banks for.

So who on earth wrote this advice?. Would anyone be that daft?. 

Look at this posting on the Anglo-Saxon Chronicles that is suggesting linkage between CPFA, the body that sets the prudence standard for local authorities and other charitable bodies, the Princes Trust and other organisations like Cambridge University who have lost a fortune with their speculative 'investments' in Iceland.

It would appear that there is a name that keeps cropping up in this dust cloud. Rod Aldridge.

Remember Mr Aldridge? Well apart from his work at CIPFA (Chartered Institute of Public Finance and Accountancy). Mr Aldridge also founded and then purchased FROM the CIPFA the company known as Capita.

Aldridge founded and led the Capita Group from its formation in 1984 until 2006, until he resigned as chairman of Capita after it was revealed that he had lent the Labour Party £1 million as part of Tony Blair's dodgy loans for peerages scandal. The loan, which was secret at the time it was made, was controversial, in part, because Capita is a major public sector supplier.

However, Prior to Capita, Aldridge worked in local government for 10 years with East Sussex County Council, Brighton Borough Council, Crawley District Group and West Sussex County Council, joining CIPFA in 1974 ultimately becoming its Technical Director. It is interesting that 3 of the 4 councils above are on the list of those who have lost money in Icelandic banks. Coincidence?.

Until Tony Blair came to power Capita was little-known with a £112 million turnover relying heavily on contracts with local authorities. This included Brighton Council. The council leader, Steve Bassam, was given a peerage by Blair soon after he was elected in 1997. The following year Lord Bassam joined Capita as a consultant.

Despite being fined for a string of high-profile blunders, Capita (nicknamed Crapita) has been chosen to provide virtually every public sector contract it bids for. In return Aldridge has given £2m to support City Academies and that famous £1m loan to New Labour. Not bad for a man who has obtained £2.6bn in government contracts and has a personal fortune of around £73m.

We are in no way suggesting any specific wrongdoing on the part of Mr Aldridge. We just note with interest how his name appears repeatedly in places where things have gone wrong. Mr Aldridge also has connections with the Royal Family through his good works as a former Trustee of the Princes Trust, a worthy charity that is also reported to have lost money in Iceland.


So where is all this taking us.

It was that single event that triggered a thought, that misuse of terror legislation that made me ask why?. When terror legislation is used, the government can claim that it was invoked in the national interest, it can suggest that for 'security' reasons, we must never know the real truth.

What was the urgency within the Cabinet Office and the Treasury that an 8 man delegation needed to visit Iceland to put the strong arm on the Icelandic government.

What is the truth here?. Well we dont know, but we will ask the question:

Is it possible that government or corrupt officials have been running for the past 10 years a massive money laundering scam with taxpayers funds through NGO's, Quango's, Local Authorities, Charities and 'Registered Companies', a scam so big that the financial crisis was going to scupper and expose it, that the beneficiaries were going to lose the money or even worse get found out, or was it that receivers and auditors would be able to unravel it, and that only Nationalisation and the use of terror legislation could keep it under wraps.


Now that's one for all you internet sleuths to delve into.