Posts Tagged ‘Barclays’
Go directly to jail. Do not pass go. Do not collect any bonus, not even a toothbrush.
Five years minimum plus a £10 million fine please.
Then we might be able to say that we’re just beginning to redress the balance.
We need radical surgery. The corrupt and avaricious arrogance of the bankers is beyond belief. Project Merlin (see here) is a confidence trick and our weak, pathetic government is knowingly complicit in it.
Bob Diamond of Barclays, Stephen Hester of RBS and Eric Daniels of Lloyds are all rogues, thieves and charlatans. The excuse of “I was only following orders” was thrown out at Nuremberg. These men are even worse than the Nazi war criminals because their motivation is the most base and venal of all. They cannot even claim the excuse of some sort of perverted political philosophy. Their only concern is selfish greed. They are parasites and a scourge on our society. They should be rotting in jail rather than heaving their replusive, corpulent frames into another disgustingly expensive dinner or self-indulgent debauchery.
Banking is one of the greatest evils in our world. It takes over our society with insidious, insistent and poisonous infection. It produces corrupt and distorted growth that is entirely false, only a deception for the immediate and personal gain of the individuals in charge. These people are pirates and their adventures destroy decent people, honest businesses and the whole basis of our economy and society.
We must cut them out and we must cut deeply to ensure that every last vestige of the putrification is gone. It will hurt. It will even endanger our existence but there is no other option. To continue as we are is to buy into their corrupt plan, to feed them even more obscene amounts of money while the poor, vulnerable and needy in our society suffer.
There is no other option. We must inflict this huge damage on ourselves in order to be rid of the cancer. Recovery will be long and difficult but at least it will be honest and healthy.
The only man with any integrity left in parliament was Lord Oakeshott and he has now resigned. Cameron, his poodle, Dr Cable and babyface Georgy Porgy are carcinogenic agents. We must take the knife to them without mercy.
“There was a period of remorse and apology for banks. I think that period needs to be over.”
If this is what Bob Diamond regards as wisdom then he is stupid as well as deeply unpleasant.
The spectacle of this ostentatious, overpaid and arrogant Yank defending the banker robbers against their richly deserved condemnation is sickening. Almost as sickening as Cameron and his poodle’s capitulation over bonuses. See here for the full story.
We shouldn’t be surprised really. It was too much to expect that integrity and justice should triumph over the greed and corruption of the banks. They are worthless parasites on society which contribute nothing worthwhile at all apart from an administrative process for transferring money.
Diamond also says that banks should be allowed to fail and not be bailed out by the taxpayer. The man is clever. I’ll give him that. As clever as any cheap, wide boy, conman spiv. He says that Barclays took no money from the taxpayer but he knows full well that his own reckless, roulette wheel gambling was only possible because the taxpayer had no option but to stand behind him.
I will not shrink from the truth. Men like Bob Diamond are unfit to be in charge of banks. I would prefer him and his cronies to be in jail but I would be content with lifetime disqualification and, in his case, deportation.
If I considered it as the plot for my next novel, I would discard it immediately as being completely unbelieveable. It is outrageous. The story of the way the banks have wriggled and wormed away from their responsibilities is the biggest scandal the world has ever seen.
Today the shameful figures are revealed of the number of complaints that our high street banks receive. See here. It is an appalling litany of failure and disrespect of customers. Complaints are at the very bottom of their priorities. They are inefficent. They have bonus systems that discourage staff from accepting complaints. Santander, which so many used to know as the Abbey or Alliance & Leicester, cannot manage to answer even half of its complaints within two months! It is shocking. It hasn’t got better since we all bailed them out. It’s got worse. Oh, except for the bonuses. They just get bigger and bigger all the time.
These problems, affecting the modest balances of ordinary people, may seem trivial in the context of the billions that the banks have already cost us but they are not. They are crucial. This is real money belonging to real people and needed to pay real bills. It’s not the cocaine, champagne, Ferrari fantasy of some City boy ponce. These figures indicate precisely the contempt, the utter disregard which bankers have for us even though it is we, ordinary people, who have been called on to rescue them from their catastrophic mistakes.
Where is Vince Cable now? He is the biggest disappointment of the coalition government. His brave words as recently as the LibDem conference are all hot air. He has let us all down. His promises were empty.
We want the banks split up so that they are no longer too big to fail. Only today, in Ireland they are realising that their nation is still held to ransom by its bankers. So is ours.
We want retail and transaction banking separated entirely from casino investment banking so that there can be no more threat to our economy from the spivs and gamblers. We don’t want any of these sharks anywhere near our money. John Diamond, the putative new head of Barclays has made a £100 milion fortune on the back of the taxpayer and the banking crisis. He is not a fit and proper person to be in charge of a British bank. The government should ban him immediately.
Late last year the Office of Fair Trading let the banks off a £40 billion hook. These were the extortionate charges illegally debited from customers’ accounts over the previous six years. See here. This was in addition to the £850 billion cost of the original bailout. See here.
How much more are they going to get away with?
When will David Cameron, Nick Clegg, George Osborne and Vince Cable stop dithering?
Stop the banker robbers now!
It is infuriating to see them now scurrying and rushing to reduce their interest rates after the outcry at their dilatory and greedy response to the Bank Of England’s massive rate cut.
We are going to to have to drag the w**ker bankers every greasy step of the way to a place where they start behaving responsibly and fulfilling their obligations to us as major shareholders. We are going to have to watch their dishonest and deceitful efforts to snaffle huge bonuses, in shares if not cash, and we are going to have to treat them as the completely untrustworthy spivs that they are.
What is clear that some of them are already getting away with it because the government has been so weak in stipulating the conditions and “mechanisms”, as Gordon Brown put it, that will control their greed and thievery.
It is time to start naming names and for the work to be done that will uncover and expose those who have manipulated the system for their own ends.
The first candidate for the WANTED DEAD OR ALIVE poster is Bob Diamond of Barclays.
It is generally agreed that he has spurned the government’s rescue package in favour of the Arabs so that he can hang on to his outrageous, undeserved multimillion pound bonus. I will be researching his record in more detail.
Please submit your nominations for WANTED DEAD OR ALIVE bankers with as much evidence as you can.
I want to know the names of the top 10 earners at Barclays, the Halifax and the Nationwide. These are the banks that I grace with my business and I want to know the names of the toerags that have been messing with our economy at our expense for their own personal profit.
These individuals aren’t gentlemen. They are profiteers, pirates even, and each one of them should be revealed, reviled, pilloried and put on public display with their multimillion pound scorecards.
The time is well past for any nonsense about confidentiality, privacy, data protection (the biggest joke of them all). We want to know who are the gamblers, the selfish, arrogant thieves who have destroyed our economy for their own selfish ends.
I urge every customer of every bank to write and demand this information. Then we would see who are these individuals sitting smugly on their fat backsides whilst the rest of us face the consequences of their greed.
Of course, these individuals are the product of a corrupt system and in their position as those that must carry the can they too are victims – but victims with big houses, fast cars, swimming pools and fat, fat bank accounts, so huge that they and their heirs are insulated from any further worry for the rest of their lives.
They must be called to account.