Posts Tagged ‘economy’
The current adult population of the UK is estimated to be 40 million. If we split the 75 big ones evenly, that’s £1875 each.
I wonder if that would do more or less to get the economy going?
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.
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!
We don’t want Bob Diamond in Britain. He’s to be the next chief executive at Barclays Bank. See here. He’s not the “right sort of chap” for us or, if you prefer, he doesn’t have “the right stuff” for Britain. He’s a wide boy and a high stakes gambler. We don’t want him anywhere near our banks, our savings or our overdrafts. Why can’t he just go back to the land of the free and the home of the brave and chowdown with all the other cowboys? He’s the wrong man for Britain.
It’s people like Bob Diamond who were directly responsible for the banking crisis and for bringing the world’s economy virtually to its knees. He won all his bets so he’s alright. Let’s be clear though, it’s his behaviour and those like him that is to blame for the massive cuts that we’re all facing. He has robbed our parents of their pensions, hamstringed our business world, destroyed our children’s jobs and sabotaged their children’s education. He is laughing all over his flabby, smug face at our expense.
He’s won a £100 million fortune on exactly the sort of gambling which has destroyed our economy.
Vince Cable should stop posturing. He was great in opposition but it seems, even in government, all he can do is snipe from the sidelines.
I say, deny Bob Diamond entry into Britain on the grounds that he would be a danger to the country. Barclays may claim that it has accepted no help from the taxpayer but its exploitative business model depends on blackmailing us with its size and importance to the economy, just like all the banks.
What we needed to do was clamp down hard on their excess, split them into smaller pieces, separate casino investment from banking services, force them into accountable lending policies, severly limit earnings levels and make it clear that they work for us, not vice versa.
We may already be too late. Britain’s banks continue to be out of control.
The events unfolding in Jamaica are disastrous for the country, its reputation, tourist industry and economy. They give an impression that is completely false. In reality it is a wonderful place, full of kind, warm, generous people. I was astonished on my first visit to find the countryside lush and green, rather like Cornwall or Wales and the people more friendly than anywhere else I have ever been.
I was very privileged to be introduced to Jamaica by a Jamaican. It was no all-inclusive tourist resort for me. There the poor Brits hunker down and never move anywhere. They seem to believe that right outside the gates are a bunch of Uzi-toting crack dealers but it’s simply not true. I’ve been back several times and I love the place. I recommend Ocho Rios on the north coast of the island.
True, the murder rate is one of the highest in the world but it all happens in a very small area of Kingston. The rest of the island is peaceful and probably safer than London. I have been through the Tivoli Gardens and Trench Town districts where all the trouble is. It’s not a good place. You lock the car doors and windows and you don’t stop but it is tiny. According to my memory it’s not much bigger than, say, Regent’s Park so it’s easy to avoid.
Undoubtedly at the root of these problems is high level corruption and I wouldn’t be surprised if that extended to US officials as well as Jamaican. The cocaine trade is a huge curse on the country but while the world continues with its ludicrous, discredited policy of prohibition it will never solve the problem. Drug laws support and encourage organised crime and corruption. If we stay on our present course things will only get worse.
I weep for Jamaica and its wonderful people. Without radical international action, I have no idea how this problem can be solved.
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.