Jonathon Straight is CEO of AIM listed Straight PLC (STT). He is a reader of this blog, a good man and the owner of the most amazing moustache. He wrote about how the banks and the big 4 accountancy firms have done their utmost to roger his firm on his personal blog a week or so ago. That post has now disappeared. Odd that. His tale is shocking and shows that all the Government huff and puff about forcing the banksters to lend to small businesses (SMEs) is sheer poppycock. Jonathon writes:
I haven’t posted anything to this site for almost a year. The truth is I haven’t felt much like writing. I have been dealing with a problem for the past 18 months or so which has taken all of my time and energy. At times I have not believed what I have been seeing or hearing. It feels like a bad dream that I have just woken up from. The way that our bankers and their advisors have behaved has left me dumbfounded.
None of us in business has any protection from this coterie and it is high time that effective regulation was applied and that the cosy relationship between the big four audit firms and the big banks was properly dealt with.