It would appear that Lord Freud has a counterpart across the pond.

rlHomeless shelter volunteers are the real cause of homelessnessrl

The founder of multi-billion dollar Velocity Capital Management even derides his own son for volunteering at a shelter.

The caring face of capitalism eh?

Its fairly obvious that the bloke is mentally ill to the point of being delusional - I take my hat off to his son for his stance - why does that happen so often that the offspring feel a guilt for the self-interest money grabbing attitude of their "successful" parents, could it be that the younger generation experience more of real life in their school years than their delusional parents ever do ?

There's also a problem with the way that "successful" billionaires like him are reported with phrases like "billion dollar investment company" being used to put the owners of such businesses on a pedestal and an object to aspire to - whereas in reality we all know what happened to most of those billion dollar investment companies when the merry-go-round stopped working in 2007 and most of them were shown to be not just a smoke and mirror act but actually just made of smoke, one puff of wind and they were gone.

We currently have someone in this region, who was previously a customer of mine, who has built a business empire on property investment, been awarded various business "xxx of the year" type awards and held up as an example of someone to whom we should all aspire to in a TV's "Apprentice" sort of way - in a stupid decision a few years ago she decided to take on the local council in a high court action which she was advised at the time was unwinnable - she lost and the council successfully applied for a £2million interim legal cost payment against their estimated bill of £4mill, the highly prized, highly lauded property investment empire is now in the hands of administrators who are warning that no creditors will be paid - THATS the reality of what happens when the rug is pulled and multi-millionaires find that their reported fortunes were simply numbers on a sheet of paper with no relevance to the real world at all.


rlThis Wiki article MAY be written by her former PR people, or HELLO! magazinerl

rlThis report shows falling values but still substantial "assets"rl

rlThis report shows the reality of building empires on sandrl

Tories arguing against all the proof and from the people who know best??? Lord Fraud would do well reading this article and taking it in rather than being in denial. www.unemployednet.org/food-banks ... nefit-cuts

Tories arguing against all the proof and from the people who know best??? Lord Fraud would do well reading this article and taking it in rather than being in denial. www.unemployednet.org/food-banks ... nefit-cuts

In one sense, they are. For every sponging freeloader who starved to death instead, poverty would be reduced by 1, wouldn't it?