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[albitz]

Loved the headline in the Sun today regarding Barclays Bob "Sign on you crazy Diamond". 

[Kevin Wood]

Loved the headline in the Sun today regarding Barclays Bob "Sign on you crazy Diamond". 

Priceless. 

[razzo]

so it would appear that the bloke who shouldn't have resigned but did resign is now un resigned & the bloke who should have resigned but refused to resign has now resigned & those that fiddled the bank lending rates are to be investigated by those that fiddled there expenses claimes. Seems the chap who is favourite to take over from Bob Diamond as chief exec is called Rich

you just couldn't make it up

[Kevin Wood]

so it would appear that the bloke who shouldn't have resigned but did resign is now un resigned & the bloke who should have resigned but refused to resign has now resigned & those that fiddled the bank lending rates are to be investigated by those that fiddled there expenses claimes. Seems the chap who is favourite to take over from Bob Diamond as chief exec is called Rich

you just couldn't make it up

.. and they could both no doubt walk away tomorrow with a big enough pile of cash, share options and "Golden Parachutes" that they needn't work another day in their lives anyway.

Porridge is what they need. If I'd defrauded them that's what I'd get. 

[Field Marshal Dr. Opti]

so it would appear that the bloke who shouldn't have resigned but did resign is now un resigned & the bloke who should have resigned but refused to resign has now resigned & those that fiddled the bank lending rates are to be investigated by those that fiddled there expenses claimes. Seems the chap who is favourite to take over from Bob Diamond as chief exec is called Rich

you just couldn't make it up

.. and they could both no doubt walk away tomorrow with a big enough pile of cash, share options and "Golden Parachutes" that they needn't work another day in their lives anyway.

Porridge is what they need. If I'd defrauded them that's what I'd get. 

Indeed you would, Kevin.......as would I. But you must remember that bankers are above the law.

[tigers_gonads]

If I had my way, we would be sharpening the spikes on tower bridge for this lot 

Sadly, as in all walks of life the more money you have to play with, the more greed you get 

[Varche]

I would have loved to be party to the board going ons these last 48 hours. Just what has been said, agreed and stashed away in an offshore account.

No prison? £20 million pound (declared) to the public severance package.

As usual it all stinks. Will Bob come clean at the enquiry (will there actually be an enquiry) and say yes I knew about it all and sanctioned it?

It just cements what I have been saying for years that the banking sector is rotten and that is in a country where values are supposedly important. Makes you wonder what goes on in other countries.

Osborne on the whole affair. Lets let the banks get on with their job of lending money. Errm yes. Will we have to give them a bonus for doing their job? 

[Nickbat]

I would have loved to be party to the board going ons these last 48 hours. Just what has been said, agreed and stashed away in an offshore account.

No prison? £20 million pound (declared) to the public severance package.

As usual it all stinks. Will Bob come clean at the enquiry (will there actually be an enquiry) and say yes I knew about it all and sanctioned it?

It just cements what I have been saying for years that the banking sector is rotten and that is in a country where values are supposedly important. Makes you wonder what goes on in other countries.

Osborne on the whole affair. Lets let the banks get on with their job of lending money. Errm yes. Will we have to give them a bonus for doing their job?

Hmm, you may want to include others in that description when the truth comes out. 

[Kevin Wood]

I would have loved to be party to the board going ons these last 48 hours. Just what has been said, agreed and stashed away in an offshore account.

No prison? £20 million pound (declared) to the public severance package.

As usual it all stinks. Will Bob come clean at the enquiry (will there actually be an enquiry) and say yes I knew about it all and sanctioned it?

It just cements what I have been saying for years that the banking sector is rotten and that is in a country where values are supposedly important. Makes you wonder what goes on in other countries.

Osborne on the whole affair. Lets let the banks get on with their job of lending money. Errm yes. Will we have to give them a bonus for doing their job?

Hmm, you may want to include others in that description when the truth comes out. 

Indeed. I wonder why they are only planning a "political" enquiry rather than a proper public legal investigation? 

[tigers_gonads]

Because a full public enquiry would take years to complete.
In the meantime, the banks would resist all change saying that "we should wait until the enquiry as run its course" while all the time shafting the world and lining there pockets for all they can get 

This way, we can make changes quicker then maybe go for the full public enquiry further down the line depending on what is dug up 

Not forgetting that it gives various members of parlament time to make plans for early retirement

[Kevin Wood]

Because a full public enquiry would take years to complete.
In the meantime, the banks would resist all change saying that "we should wait until the enquiry as run its course" while all the time shafting the world and lining there pockets for all they can get 

This way, we can make changes quicker then maybe go for the full public enquiry further down the line depending on what is dug up 

Not forgetting that it gives various members of parlament time to make plans for early retirement

Exactly. Nothing too politically embarrassing.

[albitz]

I have just been reading that apparently Ed Balls went a funny shade of pink and started sweating when the enquiry was announced.
Its just possible that it will reveal that Labour were up to their necks in it - which would be nice.
http://www.dailymail.co.uk/news/article-2167940/Now-Labour-dragged-bank-rate-scandal-leaked-documents-Browns-baroness-proposed-scheme-drive-rates.html

[Rods2]

I think this country will be dropping down the corruption index a fair few places in the next 12 months. 

With Sleeze News Corp and now the Gangsters Banksters found out yet again. 

In most other countries the corruption is much worse, but politicians are much more open in appointing their friends into positions of power of for the accumulation of money. Think, Eastern Europe where it is a hangover from communism (Ukraine and Russia are very bad), South America, US, Asia and the Middle East as that is how it has always been.

The last government were the worst I've known for this in the UK, with many quangos filled but their totally unsuitable friends on £200k+ a year, with expenses and generous pensions, the head of the Aviation Authority is an example with the ash cloud fiasco and ex-CND leader and now EU Foreign Affairs Commissioner lady totally useless ashton. (All written is lower case, where she isn't worth the effort of pressing the shift key). 

Personally, I think corruption is getting worse throughout the world and is partly caused by globalization, and ever increasing global competition. In this country it is getting worse through the current crop of sleaze bag professional politicians (with sadly very few exceptions), with their "What can the country do for me?" attitudes along with their corrupt friends and the corrupting influence from party donations, with companies for the Tories and companies and the unions for Labour, not to mention the mass migration into the UK with vote early, vote often being one of many examples. 

[Rods2]

I have just been reading that apparently Ed Balls went a funny shade of pink and started sweating when the enquiry was announced.
Its just possible that it will reveal that Labour were up to their necks in it - which would be nice.
http://www.dailymail.co.uk/news/article-2167940/Now-Labour-dragged-bank-rate-scandal-leaked-documents-Browns-baroness-proposed-scheme-drive-rates.html

The first comment from a pensioner in the DM article is interesting, I didn't realize the RBS technical glitch was still not resolved for Ulster Bank which they own, with no access to accounts since the 19th June and no comment from the bank on when it will be fixed and the accounts unfrozen. It looks like this is causing real hardship. Does the Ulster Bank have a liquidity problem?

[Dishevelled Den]

globalization

Now we're getting to the kernel of the problem.