howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
we were all up in arms when a couple of top brass at k.c.c. walked off with massive pay offs after being considered not up to the job.
this was put down to the public sector being not very good at negotiating contracts.
here we have a private conglomerate that have done exactly the same with a much larger pay off.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
your right howard
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Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Let 'us' not make the, all too, typical mistake of fixing our minds on the (relative) sums involved. It is the plain fact that compensation was paid, full stop, that matters.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
£17 million just loose change to mr diamond i suppose
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
courtesy of the independent
Politicians have been virtually "useless" so far at getting to the truth behind the banking scandal, one of the MPs responsible for investigating the affair has admitted.
Andrea Leadsom, whose forensic questioning of the former chief executive of Barclays, Bob Diamond, led to his only uncomfortable moments during last week's cross-examination by the Commons Treasury Select Committee, said: "I don't think we felt we did a fantastic job. It's a fair criticism to say, 'You guys were useless'.
"We had great weaknesses in that we didn't have email trails.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Sounds like this isn't going far
and those in a position to do something are useless anyway(not my words)
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#85...totally agree.......# 49 refers....
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
osbourne today has been in a national newspaper supporting the banks bonus's how strange and out of touch
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Osborne is a part-time Chancellor with one eye on the `ball` but it should not be on `Ed`it should be on the economy which
is the worst for decades and in double dip.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Keith, where is that article please?
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 88...more than one national news paper...also BBC....
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
not seen anything on that myself but the chancellor is hardly covering himself in glory here, normally percieved as a squeaky clean type until now.
http://www.guardian.co.uk/business/2012/jul/09/george-osborn-ed-balls-liborGuest 716- Registered: 9 Jun 2011
- Posts: 4,010
Osborne in his normal `statesman`style made his agent apologies for his normal knee jerk
accusations that Ed Balls was involved in the Libor rate in 2008.
# 23 .Charlie jumped on the bandwagon with his inuendo
Jeremy Heywood,No 10 permanent secretary in 2008 confirmed Labour ministers were not involved
.....yet another blow to Osborne`s credibility.....
Today it will be proposed to introduce a ``root and branch``change to the Banking System.
Tackling Bank Bonuses culture...when Osborne is objecting to EU rules on Banking Bonuses.
Breaking the dominance of the five main high street Banks.
Creating a British investment Bank to lend to small businesses.
Setting up a finance crime unit so that Britain is not a soft touch for `white collar crime`estimated to
be £ 60,000,000,000. pa.
Implementing the `full` Vickers report,ring fencing retail banking from investment banking ( Casino`s )
# 1138 on elite greedy pigs thread;
Guest 698- Registered: 28 May 2010
- Posts: 8,664
"Creating a British investment Bank to lend to small businesses."
Lending to small business is not the job of an investment bank.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Bank of England Deputy Governor Paul Tucker`s evidence at this afternoon`s Parliament hearing is an indictment
on Osborne and Charlie needs to clarify his statement to Parliament.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
I think Charlie's article in last week's Dover Express clarified his views perfectly. Not that there was anything vague about his Commons intervention.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
As reg says it was on the left hand side of one of nationals on BBC today
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
As I pointed out elsewhere - Tucker was shifty and, as Tyrie told him, being 'economical with the truth'.
I have to laugh though at the defence of Labour Ministers, defending them for things they have not been accused of while ignoring what they were in fact accused of and hoping the public will be blind enough not to see the difference.
Osborne correctly said that Balls has questions to answer.
Labour Ministers have been accused of applying pressure to Barclays Bank to fiddle Libor - not pressure on the Bank of England.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Someone is lieing here
it will all come out in the open hopefully
it appears the format of this system is another that is well outdated and easy if the wrong people involved to get into the mess that barclays finds itself
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Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Someone Keith?
More like everyone