Best Financial Markets Analysis Article A number of MP's have claimed thousands in tax payer monies for mortgages that do not exist. Whilst virtually all MP's have hidden behind the "within the rules" mantra as to why they defrauded the tax payers "LEGALLY", however claiming monies for non existent mortgages brings the matter into criminal law which supercedes all other law with the only exception being the Queen as the head of state.

Therefore the question that needs to be raised is where are the police ?

Why have the MP's suspected of mortgage and other fraud not been questioned under caution ?

MP's That have Claimed for Non Existant Mortgages

While the number keeps growing the following are confirmed as MP's that have claimed for non existant mortgages, who have stated that they will step down at the next general election which ensures a tax payer reward for upto £175,000 as a thank you for allegedly defrauding the tax payers (£65k 1 year salary, £65k resettlement grant, £44k winding up allowance), plus an additional £30k per annum pension. If that were not bad enough, at least 50 MP's have applied to be appointed to the House of Lords and thus ensure the tax payers continue to pay for disgraced MP's that would have been sacked in any other commercial organisation.

Labour	Labour	Labour	Conservative
Elliott Morley	David Chaytor	Ben Chapman	Bill Wiggin

£16,800 over 18 months	£12,925 over 11 months	£15,000 over 10 months	£11,000 over 10 months
Will Stand down at Next General Election	Suspended by the Labour Party	Will Stand down at Next General Election	Claims Due to Form Filling Error

However the above is but the tip of an iceberg as the House of Commons is littered with MP's that have claimed for houses that they have not lived in, primarily houses for the purposes of flipping (profiting on without paying capital gains tax) and for the benefit of members of their families, the total could run to some 200 MP's or a third of the House of Commons.

The Metropolitan Police announced 2 weeks ago the formation of a special committee to look into MP expenses, it is highly likely that the first prosecutions will not take place until after the next general election.

European Elections

The fallout from the MP expenses scandal continues to hit all three major parties with the biggest winner to date being the dubious UKIP as the most recent poll in the Times illustrates with Labour on just 16%, Lib Dems on 12%, Conservatives on 30% and the UKIP now on 19% which a month ago was trailing at 6%. It truly is a sad day when MP's that have disgraced the House of Commons do not have the decency to quit, they truly are rotten to the core and choose to cry crocodile tears whilst dubious fringe parties such as UKIP benefit, who's MEP's have shown themselves to be far more criminal in their behaviour, crimes which include false accounting and money laundering coupled with jail sentences, and yet worse a number of voters have turned to support for the BNP (British Nazi Party).

By Nadeem Walayat
http://www.marketoracle.co.uk

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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Comments

Guppy
31 May 09, 01:14

UKIP

UKIP has suffered bad apples in the orchard like every other party, but has booted them out so that they are now merely a blot on the memory horizon which parts of the media like to continually bring up. But don't lose sight of UKIP's objective which is to place in front of the public what is actually happening. UKIP does this very well. Is the status quo to your liking ? It certainly is NOT for thousands of people in the UK. Let them speak for themselves about the fraud & corruption of the EU through the ballot box. Of course, this country can stand on its own feet and trade freely world-wide. Only the unelected boffins of Brussels think we must not be allowed to. Let's put them in their place on 4th June. Ante UKIP propaganda is, after all, only a damage limitation exercise. Those who talk it up are afraid of the actual truth. Stuart Guppy UKIP St. Ives & The Isles of Scilly.

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