Sajid Javid, 2007 financial crisis and Mexico’s military assault on indigenous people

This week (March 2018), Tory “Secretary of State for Housing, Communities & Local Government” Sajid Javid started a distraction debate by calling left-wing Labour-affiliated Momentum “neo-fascist.”  He chose to make the comment with parliamentary privilege because he is too cowardly to express his opinion without that protection.  Javid knows the comment is absurd.  His exclamation was just a typical Tory belch of petulance designed to use up media time and discussion time.  It was a dumb childish distraction. 

Javid’s department is an abject failure: Homelessness is increasing rapidly, there are no plans for any social housing building or affordable home building and councils (including Tory-run councils) are going bankrupt due to huge reductions in central government support.  He is completely inept and incompetent, and he couldn’t give a damn.  Slanderous truculent insults are all he has to offer.

SajidJavid

Highlights of Sajid Javid’s career in banking

Sajid Javid didn’t take the common Tory route of Eton-PPE at Oxbridge-PPS-MP.  He had a banking career before switching to politics.  In other words, he was planted into politics by the banking system.  Thus, his ineptitude is not surprising and is also not a hindrance.  He is in government as a lobbyist of the financial gangster system.

Deutsche Bank
Javid was Managing Director of Deutsche Bank in the early 2000s.  Towards the end of his tenure as MD the Bank was a key protagonist in the sale of bad debts, including mortgages, that was a cause of the worldwide financial crisis in that decade.  In 2014 Deutsche Bank paid $1.93 billion to settle a lawsuit filed by the U.S. Federal Housing Finance Agency over mortgage securities the bank sold to mortgage giants Fannie Mae and Freddie Mac in the previous decade.

Chase Bank
In the nineties, Javid worked at Chase Manhattan Bank in the USA.  Chase’s history includes exploitation of people throughout South and Central America via manipulation of governments.  In the same year that Javid attained the position of vice-president – 1995 – a memo was sent by the bank to its investors:

[The Mexican government] will need to consider carefully whether or not to allow opposition victories if fairly won at the ballot box.  While [the Mexican state of] Chiapas, in our opinion, does not pose a fundamental threat to Mexican political stability, it is perceived to be so by many in the investment community.  The government will need to eliminate the Zapatistas [left-wing opposition party supported by indigenous people] to demonstrate their effective control of the national territory and of security policy.”

A few weeks after the memo was published the Mexican government followed orders and sent the army into Chiapas.   Villages were emptied and thousands of native Americans fled into the Lacandon rain forest.

Sajid Javid’s insult at Momentum is a small crime compared to his history.

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Sajid Javid, 2007 financial crisis and Mexico’s military assault on indigenous people

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