The plot thickens and it’s all a result of 13 years of Fabian Socialist Incompetence
By tomtom
Britain’s biggest private elderly care homes group was warned by the regulator about its poor management amid problems in half of the troubled company’s homes, it has been disclosed. Writes the Telegraph’s Andrew Hough
But after following this story since it broke, I feel duty bound to share some of my personal experiences of the continuing care system for public consumption. When you look into the background to this fiasco, the most obvious question has to be, how on earth was it allowed to happen?
Okay! So according to a Whitehall source (i.e. Directgov.com). It is for Southern Cross, its landlords and those with an interest in the business to put in place a plan to stabilise the ownership and operation of their care homes.
Presumably that’s techno-speak for the shareholders and management, to bale out the miserable bandwagon they jumped on thinking they were up for a killing, In this case the only likely killing will be the vulnerable occupants who were placed in care, with an outfit that was up for exploitation by the equivalent of what came to be known as (Vulture Funds),
Maybe it is all due to misunderstanding, as certain parties who pontificate on this matter from the dark side of private equity would like us to believe. But surely, the vulnerable in our society could well expect to be protected from such exploitation, as sentiment and the blame game take off?
If indeed these so-called private equity funds hovered up vast profits from re-organising this business and £1.5 billion has been mentioned, surely there has to be some redress in the situation they made possible. Or are they to be congratulated for spotting the kind of opportunity that might come along just once in a lifetime.
But what we really need to know as a society is the true worth of these so-called regulators, as we look around at all the things which go on as the regulators standby powerless? What indeed, is the point of these gatekeepers, if they are half asleep as the stable door closes with a bang?
Though it’s not clear exactly when this so-called regulator the Care Quality Commission (CQC) came into being and whether it was around as the private equity funds moved in on the care homes. It still begs the question, is there any kind of clawback in the way of legislation about unconscionable bargains.
In essence this must be exactly why the methodology, which allows this kind of action to be visited upon the vulnerable, should be subject to somekind of recall. Especially so; when we finish up with a situation like this, which beggars belief. Okay so it took place in a climate of low inflation and interest rates. But did it not occur to those involved, who profited so obscenely, that things in the real economy would not stay that way for ever. Maybe not, but they were definitely stoking up the boilers of hell on earth, for people in no position to be responsible for themselves.
So now everybody and his dog, is screaming at the (Directgov.com) to step into the breech. Though no doubt the tepid opposition we have in Parliament, who want to blame everyone but themselves for the mess we have today, must know all this happened on their watch.
Not only were they asleep to the dangers, as the Housing Boom took off into the stratosphere. They we asleep on the job, when things like this were allowed to happen. They are culpable to the point where any right thinking person should never ever allow them to get their grubby little mits in the national till ever again.
After several years of being involved in looking after the affairs of elderly relatives in their declining years and the woes that are inflicted on them by hospitals, social services and the operators of care homes. I have a stash of experiences at the hands of all these people, who profit in various ways from the vagaries of ageing. So there’s more to come and it’s all first hand experience.
Watch this space, I’ll be back!
Tom.
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