Peter Reynolds

The life and times of Peter Reynolds

Barclays’ Biggest Banker Robber Plans Smash ‘n’ Grab On Britain

with 4 comments

The Unacceptable Face Of Banking

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.

About these ads

4 Responses

Subscribe to comments with RSS.

  1. I used to respect Vince Cable; probably more so than any other politician in the country at the moment (especially following the death of Big Cyril…).

    Things, however, have changed dramatically.

    If, as I suspect, the once forthright and honest Vince is having trouble sleeping at night, due to his new position forcing him to toe the line of some bugger else’s party, then the only decent thing left for him to do is to chuck in the towel and leave it to someone slimier and less basically decent.

    I’m sure Osborne would be up for expanding his empire….

    Oh, and for the record, I have no first hand knowledge of whether or not Mr Cable is having trouble sleeping, as I have never shared a hotel room with any politician – but that’s another story (and one that has gone very, very quiet.)

    NobblySan

    September 12, 2010 at 9:32 pm

    • I am dismayed at the retreat of Vince Cable. I cannot believe that he has been reined in so hard. I bet he’s been prevented from resigning even. It won’t last though. The cracks will start appearing soon.

      Peter Reynolds

      September 13, 2010 at 7:56 am

  2. Peter I don’t understand. All the Lib Dems seem so unhappy and are having cherished beliefs rammed back down their throats. But they must have some bargaining power, because DC needs them as much as they need him to be in power.

    Is it that Clegg is going along with everything, and they can’t rein him in?

    angelnstar

    September 13, 2010 at 6:07 pm

    • I’m a Tory. I’m also a liberal (small “l”). I used to think Vince Cable was a man of integrity. I’ve always thought Nick Clegg was a bit of a wimp. I think David Cameron is great. I despise George Osborne.

      There are complete idiots in the Tory party like James Brokenshire. There’s no one in the LibDems who I find that that dangerous or offensive.

      It’s all a bit of a mix up I say.

      I wish Vince would split the banks up NOW – like he said he would.

      I wish Nick would repeal “illiberal, intrusive and unjust laws that make criminals out of ordinary citizens” – like he said he would.

      I’m quite happy with the job that David Cameron is doing. I also like the way Ken Clarke is doing his job too.

      I’m thinking aloud here!

      Maybe they just need a bit more time?

      Peter Reynolds

      September 13, 2010 at 6:33 pm


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 108 other followers

%d bloggers like this: