THEFATBASTARD Posted 28 June 2012 Posted 28 June 2012 None of theses fat cat crooks will see the inside of a jail cell...
Daggers Posted 28 June 2012 Posted 28 June 2012 I am very surprised Matt doesn't have a strong opinion about it seeing as it was on TV yesterday.
sphericalfox Posted 28 June 2012 Posted 28 June 2012 I am very surprised Matt doesn't have a strong opinion about it seeing as it was on TV yesterday. ITV didn't do a 'Tonight' special did it?
Jon the Hat Posted 28 June 2012 Posted 28 June 2012 I am very surprised Matt doesn't have a strong opinion about it seeing as it was on TV yesterday. Ooh you bitch
Daggers Posted 28 June 2012 Posted 28 June 2012 Ooh you bitch If only all Tories could be like you and Ken Clarke.
Daggers Posted 28 June 2012 Posted 28 June 2012 That Bob Diamond was a damn sight less of a willy puller when he presented GamesMaster.
Tielemans63 Posted 28 June 2012 Posted 28 June 2012 "It goes on and on and on and... ... strangers... dancing.... up and down the Boulevaaard" Did anyone else have Journey start playing in their head when they read the thread title? Just me then....
davieG Posted 29 June 2012 Author Posted 29 June 2012 ...on and on and.... The Financial Services Authority says banks mis-sold specialist insurance known as interest rate swaps tied to thousands of small businesses. The FSA said it had found "serious failings" in the sale of the products, designed to protect firms taking out loans against rising interest rates. The FSA said it had reached agreement with Barclays, HSBC, Lloyds and RBS over providing "redress". The mis-selling is the third case of serious malpractice at the UK's banks. The FSA said it believed the swaps had had a "severe impact on a large number of these businesses". It did not say how much money would be necessary to compensate the businesses involved. Sandy Chen, from Cenkos Securities, estimated that the total cost to the banks collectively would be between £1.1bn to £1.4bn, with most of that falling on Barclays. Around 28,000 interest rate protection products were sold to thousands of small businesses, starting in 2001. Full report - http://www.bbc.co.uk/news/business-18640101 and http://www.bbc.co.uk/news/business-18640346
Jon the Hat Posted 29 June 2012 Posted 29 June 2012 "It goes on and on and on and... ... strangers... dancing.... up and down the Boulevaaard" Did anyone else have Journey start playing in their head when they read the thread title? Just me then.... No. Longpigs.
BoneDog Posted 29 June 2012 Posted 29 June 2012 I love how somebody is trying to blame a 'Junior IT technician' in India for the RBS computer meltdown! The comments on the Mail piece I saw about it were pretty good though. They were having none of it. This article is interesting. Saw the guy on the Keiser Show the other day so went and checked his website out. http://papermoneycollapse.com/2012/06/the-death-of-banks-and-the-future-of-money/
Leicfox Posted 3 July 2012 Posted 3 July 2012 Bob Diamond has resigned with immediate effect in the wake of the rate-rigging scandal. http://www.bbc.co.uk...siness-18685040 Wouldn't it be just wonderful if all these politicians who made any comments about this situation took a long look at themselves and then did us all a favour by resigning as well.
Jon the Hat Posted 3 July 2012 Posted 3 July 2012 Go Bob. On one hand, it appears he started the ball rolling which ended up with the LIBOR mess, and on the other he is one of the better bank bosses in terms of his influence and the way he was moving Barclays. Oh well. Next.
Guest Posted 3 July 2012 Posted 3 July 2012 It's clearly evident you have no understanding of what conservatism is, choosing to believe the image of the Tories put out by detractors. Tories believe in free markets. This incident is the very antithesis of free markets. It is market manipulation and the fine should be only the tip of the iceberg. Criminal proceedings should be brought against those traders and market-makers involved in this, with prison sentences for the guilty. This is the only way to deter future wrong-doing. This is not the anti-thesis but the culmination of capitalism. Making the most money possible in what ever way you can is the aim of Capitalism.
Daggers Posted 3 July 2012 Posted 3 July 2012 Not bad work - preside over a shambles of a bank, steeped in corruption and illegal activity, then fvck off with a £30,000,000 pay-off and no criminal charges to face. When the City burns this summer or next, people will bellow for the heads of the rioters again...no one ever gives a fvck about the cvnts like Diamond.
21st Century Fox Posted 3 July 2012 Posted 3 July 2012 "There have been apologies and remorse from bankers. What we need is a dose of confidence; we need to think about what's best for the economy of the UK." Bob Diamond, January 2011
Guest Posted 3 July 2012 Posted 3 July 2012 A man who is earning such obscene amounts of money should be fined obscene amounts of money in order for him to understand that he did wrong. Why does anyone need to earn £20m in a lifetime let alone a year? Can bonuses be taken back if it's found unlawful actons were being perpetrated when those bonuses were paid?
Rincewind Posted 3 July 2012 Posted 3 July 2012 Thought this was Neil Diamond at first. Nell Diamond @nelliediamond No one in the world I admire more than my dad. 16yrs building Barclays. Shame to see the mistakes of few tarnish the hard work of so many.
Guest Posted 3 July 2012 Posted 3 July 2012 Was he in construction? 16 years building Barclays into a soul-less corporate money making and taking organisation.
Webbo Posted 3 July 2012 Posted 3 July 2012 Was he in construction? 16 years building Barclays into a soul-less corporate money making and taking organisation. All businesses exist to make money.
Jon the Hat Posted 3 July 2012 Posted 3 July 2012 Does no one on here have a private sector pension? Where do you think the profits go?
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