Peter Reynolds

The life and times of Peter Reynolds

Posts Tagged ‘parasite

Banking Cancer

with 7 comments

Rare Integrity

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.

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A Diamond With No Pearls

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“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.

Spiv

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.

Written by Peter Reynolds

January 11, 2011 at 4:41 pm

A BBC Preservation Order

with 6 comments

TAKE NOTICE

This noble institution should be preserved.

It is not perfect but it is better than any alternative.

It contributes enormously to the culture of the nation.

It is our BBC

This notice should be nailed to the door of Broadcasting House and all BBC premises.  Damaging or cutting off parts or branches of the institution is not allowed.  Adequate space must be given to the institution’s roots which must not be interfered with.  Severe penalties will be applied to anyone who knowingly or recklessly damages the institution in any way.

Then David Cameron, Nick Clegg and a heavyweight team need to take Mark Thompson aside and give him a good talking to.   We want to preserve the BBC and its unique qualities but we need a hard pruning of dead wood and unproductive growth.  Preserving the roots and fundamental strength are the most important objectives.   Cutbacks in the right places will stimulate stronger new growth elsewhere.

I agree that Sky should contribute towards those commercial channels that it broadcasts free-to-air.  It ties viewers into its subscription packages because they are comprehensive.  This is gives it an unfair advantage throughout the market, as does its coverage and bandwidth.

Sky is a parasite on traditional TV companies.  Its unfair advantages have enabled it to develop the best user interface and experience in the market.  Even so, it is expensive and has a reputation for appalling customer service.  Its relationship with Newscorp means it is part of a monstrous media empire which requires much more regulation in the interests of consumers and the community at large.  It should be required to invest more in original programming and production.  If necessary, a new media tax should be introduced to enforce appropriate investment and safeguards.

The BBC’s biggest mistake is the level of executive pay.  There is no justification at all for anyone in the BBC to earn more than the Prime Minister.  It is public money.  Anyone unhappy with this should resign today.  No one is indispensable.  The BBC has always been the best in its business at bringing on new talent.

The Licence Fee should remain unchanged.   It is fantastic value for money and shows just how expensive Sky is.   The BBC Trust should be strengthened in its primary role as regulator and it should enforce cost savings, efficiencies and executive pay.  It should also ensure that the BBC becomes more responsive and closer to its audience.  Its complaints and feedback system is fundamental to this.  It needs to be brought back in house and given real priority.  See here.

Britain adores its BBC.  Let’s ensure we preserve it and allow it to flourish.