LevelBogeyGolf

[Martin Lewis @MartinSLewis]

Student Loan (Plan 2) repayment threshold is being frozen from April, so millions must pay more. Its double fiscal drag & not what they agreed to. I asked the Chancellor why?

For more incl on fiscal drag itself, see the Martin Lewis Money Show Budget Special on https://t.co/9AOoZMIgkj

[LevelBogeyGolf @LevelBogeyGolf]

@MoDesigns12 @CookieCrumjtfl @GMFinX Lower paid pay nothing back, rich pay it off upfront/quickly (so limited to no interest) and then the middle spend 30 years paying off interest to cover the bottom. It is an unfair system

[LevelBogeyGolf @LevelBogeyGolf]

@CookieCrumjtfl @MoDesigns12 @GMFinX It was mis-sold

[LevelBogeyGolf @LevelBogeyGolf]

@qmarks22 @Marc__MD7 @GMFinX This is the main thing for main, the scale of the cost is actually tiny in comparison to so much it her gvt waste yet they were miss sold and cripple middle earners the hardest

[David Lawrence @d_1awrence]

An increase to £13.20p/h equates to a minimum wage of £27,456, based on a 40 hour week.

Once you factor in employers NI and basic pension contributions, the MINIMUM cost to hire a 21 year old for a company would be £31,461.

This is before you factor in any overarching business costs like office space, laptops, phone, software, training, support staff, vehicles etc.

This is going to be devastating to SME's who cant put together a simple 12 month budget without the goalposts being moved & their margins squeezed.

It'll also be catastrophic to youngsters opportunities because businesses will simply not be able to afford to hire them.

What's also incredible is that anything above £50,270 is seen as 'high earnings' in the UK and is taxed at 40%!

We are governed by financially and economically illiterate morons.

This will not end well.

[LevelBogeyGolf @LevelBogeyGolf]

@BigSwingTempo @sophiiagrac Also showing them the wrong way round 😂

[LevelBogeyGolf @LevelBogeyGolf]

@amonyx hi

[LevelBogeyGolf @LevelBogeyGolf]

@saggybrian @WillsNate @A_OConnor83 @RestoreBritain Neither Labour nor the Tories will fix it. Same old con artists who only care about the next election

[LevelBogeyGolf @LevelBogeyGolf]

@saggybrian @WillsNate @A_OConnor83 @RestoreBritain We are currently growing the national debt so Labour are doing fuck all to shrink it. We need to stop spending on welfare / state pension and stimulate growth

[LevelBogeyGolf @LevelBogeyGolf]

@giftednumber10 @A_OConnor83 @RestoreBritain Scrapping state pension would be a good start

[LevelBogeyGolf @LevelBogeyGolf]

@Peter__Jackson @A_OConnor83 @RestoreBritain Crab bucket mentality. The rich are those with millions in assets, not someone who works and earns 200k pa. 🙃

[LevelBogeyGolf @LevelBogeyGolf]

@threeputtwonder At a grand total of 69miles (😏) from my front door is The Royal St. George’s 🏴󠁧󠁢󠁥󠁮󠁧󠁿

[LevelBogeyGolf @LevelBogeyGolf]

@devi78006 @TheGNPE Can you read? It’s his land

[LevelBogeyGolf @LevelBogeyGolf]

@ZackPolanski God you’re an idiot.

[LevelBogeyGolf @LevelBogeyGolf]

@donmcgowan Silly Don thinks it will make a jot of difference

[LevelBogeyGolf @LevelBogeyGolf]

@AdrianRamsay 🤡

[LevelBogeyGolf @LevelBogeyGolf]

@robert74682 @Gqak @AvonandsomerRob Are the extra bits free? Seems like good value

[LevelBogeyGolf @LevelBogeyGolf]

@hiddenhandicap @srdonpanchito @DPWorldTour Was literally just trying to find out why the LPGA was on sky sports golf and plus 😢

[The Wolf Of All Streets @scottmelker]

This is the post of the year.

[Everett Stern @EverettStern1]

Dear Secretary Bessent @SecScottBessent,

My name is Everett Stern. In 2010 I was a compliance officer at @HSBC. From a back office in New Castle, Delaware, I watched billions of dollars move to drug cartels, sanctioned regimes, and terrorist organizations. The enemies of the United States. I documented it, I escalated it, and when the bank would not act, I took it to the @FBI, the @CIA, and eventually the @SECGov.

The result was a $1.92 billion settlement. At the time, it was one of the largest in American history. It was also about five weeks of the bank’s profit. Not one banker was charged. Not one went to prison.

I paid a different price. I lost my career, my savings, and my place in the industry I had trained for. I was blacklisted. Every door in American finance closed at once. I slept on a camping cot in a 300 square foot apartment because I could not afford a bed, and I waited tables at @PFChangs to eat. I tell you this not for sympathy, but so you understand that I know exactly what it costs to do the right thing in American finance, and exactly how little the system does in return.

I made that sacrifice because I believed it would change something.

Yesterday, your department fined @BankofAmerica $1.2 billion for failing to report more than $5 billion in suspicious transactions, some of it tied by your own findings to Chinese laundering networks, narcotics, and the southwest border, alongside 475 apparent sanctions violations touching Russia, Iran, and global terrorism. The bank admitted it willfully violated the Bank Secrecy Act.

Fourteen years after HSBC. A bank with “America” in its name. And once again, not one individual charged.

Secretary Bessent, I want to say plainly what I believe you already know. The fines are not working.

A fine is paid by shareholders, absorbed by the balance sheet, and forgotten by the next earnings call. Bank of America reported earnings this morning. Nobody who set the alert thresholds, nobody who decided the 2024 cease and desist could wait, nobody who chose the backlog over the law will lose a single thing they value. Their lives are untouched. That is the entire reason the behavior repeats.

This is money laundering. This is blood money. Money that reaches a cartel buys fentanyl that kills Americans. Money that reaches a terrorist organization buys the next attack. This country has fought a war on drugs and a war on terror for decades, at enormous cost in lives and treasure, and all the while we have allowed the financing to flow through institutions we charter and regulate. Cut off the money and we win. We have never seriously tried.

There is also a question of equal justice that I cannot let go.

Before I walked into the FBI building to report HSBC, I stopped in front of the Great Seal on the wall and read the words engraved beneath it: “Justice is the defense of our liberty.” I believed that. I still want to. But every day in this country, people go to prison for crimes that are nothing next to moving money for the people who want Americans dead. A suit, a title, and a corporate badge should not be a shield from the consequences that apply to everyone else. If a street dealer goes to prison for what he sells, the banker who moved the cartel’s money should be standing next to him.

I also want to raise something that is rarely said in these conversations. Why has no one inside Bank of America come forward the way I did? The answer is that everyone in American banking knows what happened to me, and to the whistleblowers who came after. The last person who spoke up is the only policy anyone believes. That is a culture problem, and it starts with leadership, in the banks and in the agencies that regulate them.

This is not a political issue. It has spanned administrations of both parties. It is a national security issue, and I am asking you to treat it as one.

Three things would change the math overnight.

Refer individuals for criminal prosecution. Not the analyst in the queue. The executives who set the thresholds and chose the risk. One banker in handcuffs would do more than every fine in Treasury’s history combined.

End “too big to jail.” An institution cannot be too big to fail and too big to jail at the same time. If it is the first, it must be held to a higher standard, not a lower one.

And if Bank of America will not act as America’s bank, review its charter. A national charter is a privilege granted on behalf of the American people. It should be conditioned on not moving money for the people trying to kill them.

Secretary Bessent, you said yesterday that these actions send a clear message that even the biggest institutions are not above the law. With respect, the institution was never the problem. The people inside it are above the law, and they know it. Until that changes, I will keep writing letters like this one, and the next bank will keep paying the next fine.

I gave up everything I had to stop this. I am asking you to use the power you have to finish it.

Respectfully,

Everett A. Stern
HSBC Whistleblower
Founder and Intelligence Director, Tactical Rabbit