Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Peter - I agree with you over EMU and we learned the lessons from that hence not being in the Euro. Yes, the coals have to be raked over if only because a) criminal proceedings need to happen and there are key issues that would affect a prosecution and b) in response to Labour's politiking on the issue as they were the responsible parties involved when it happened and, as it seems, clearly implicated.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
My comment about raking over the coals was about the politics. It's just the pot taunting the kettle. About prosecutions- agreed; although as I said above, I think it's only the Americans who have the laws to make it stick- and believe me, they will have a go.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
whats poor emu done now,and was rod hull in control again.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Oh Brian. Always the court jester.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
peter this thread needs cheering up,so i volentierd.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
sorry to say this brian but the emu is no more, something to do with his business partner messing around with his satellite dish so he could get a better picture of a man utd game on his t.v.
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
This bloke's been ahead of the game for some time now and not only on this issue. Way in front of our newspapers and other media outlets. Long live the blogs, or at least the good ones.
http://hat4uk.wordpress.com/2012/07/04/diamond-testimony-slog-completely-vindicated-by-tsc-documents-placed-in-evidence-by-barclays-24/howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Bob Diamond proved one thing yesterday,that MP`s are inadequate,lack knowledge,experience
and technique to investigate the Libor scandal.It must be a Judicial investigation only.
Why do Flashman and Ossie,who accused Labour ministers of involvement not want a thorough
Judicial investigation ?
It is illogical and suspicious to accuse and then ask MP`s to investigate MP`s !!!!!!
Tory hysteria in the commons does not hold water because Cameron and the tories in 2008
demanded Labour reduce regulation of the Banks and City.
The lack of Judgement resisting a Judge led inqiury and the accusations are illogical,inexcusable
and outrageous.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Judges also lack the attributes you mention, Reg - in spades.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Reg - you mix up wrong regulation and reduced regulation for one thing but the truth be known you are just trying to hide the culpability of Labour in screwing up the regulation system.
Brown made his regulatory changes in 1997 and got them badly wrong introducing a tri-partied system for the banks where previously there was a clear accountability to the BoE. The BoE quarterly grilling of bank execs ended with Brown's changes letting them off the hook.
Guest 671- Registered: 4 May 2008
- Posts: 2,095
BarryW.
Thank you for your advice.
I am very serious about wanting to moving from Barclays.
I took your advice and contacted the Co-op, as it happens I am a member.
Being honest, I had to inform them that I had no savings and my pension was being used for repayment of my already, too large, Barclay Loan.
I am not sure if I heard him chuckle but he advised me to stick with Barclays or stuck with them, one of the two.
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Gary - is there someone, family perhaps, who may be willing to act as a guarantor? Co-op may accept that if so. Be careful not to load yourself with extra costs just to get away from Barclays though.
Guest 671- Registered: 4 May 2008
- Posts: 2,095
BarryW.
#53 Thanks, all noted.
#51
Ok, let's all agree that it was Browns fault, you win that one, he should have tightened up on regulation's and stopped bonus's and plugged loopholes and stopped people f-rting in the street.
That does not excuse what these Banks and bankers have done today and the fact that they are all resigning means that they (not Brown) know that they have all done wrong and that it is THEIR fault.
They knew exactly what they were doing, they knew it was wrong and they were not forced into it by Brown, Labour or anyone else.
What they did was not compulsory; no one forced them to do it, just motivated by greed.
If it turns out to be true and the figure is in the trillions, then that means they have taken that amount out of the economy and it is then, their fault, that thiscountry is in so much debt.
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
GaryC - yes I agree it does not let the guilty parties off the hook but they were only able to do this because Brown's changes. But the problem goes deeper than that because there are allegations of collusion between the BoE, Brown's Treasury Ministers and the banks. This really is a right royal mess and deeply damaging to the biggest earner of overseas income we have, The City of London.
As for the latter point, no you cannot equate the two if it is the government debt you are referring to. That is as a result of deficit spending by the government over many years and, most specifically, during the growth phase of the economy when they should have balanced the current account. If, on the other hand, you are talking about the high levels of private debt then you have a point and the blame for that can be shared between Brown who got his inflation brief wrong for the BoE, ignoring debt levels and the LIBOR fiddle.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 50..agree but it`s Judge led ....it`s the QC`s who do what will be required.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
And what were judges before they were judges? QCs.........
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
younger......
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
got in before me reg, watching that bloke at the leveson enquiry it is a sad thought that he probably aspires to be a judge like they all do.
incidentally who had heard of the term "libor" before this week amongst the general public?
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
I though the libor was some thing inside of a lady! Howard.
