Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Osbourne obviously felt the need to apologise thus used his aide
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Howard - Look at it this way.
Diamond said that people 'close to Brown' applied pressure on Barclays over Libor. Balls was the City Minister at the time and such matters were his responsibility. That is not to say he was the person Diamond referred to but as the responsible Minister and a person 'close to Brown' he certainly has answers to provide. Fact.
If I was in a similar position as Balls I would prefer to respond with dignity and agree to answer questions and not act like a scalded cat.
I have to say that Balls' reaction and his throwing in the red herring of Tuckers evidence when Tucker said no pressure was applied to him at the BoE (irrelevant as the BoE was not the bank in question) raises my suspicions that he has something to hide.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Keith - no, your interpretation. Yet again you cannot find or explain anything to apologise for.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
if osbourne didnt feel it right to apologise why get his sagent to do so
what a joker
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Your interpretation and assumptions.
Nothing tangible to to say, yet again.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
don't like oranges barryw lol
anyway is reg incorrect in his posting that osbournes aide apologised on osbournes behalf?
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Our friend is `locked`on this thread and at the end of his ducking and diving and twisting
best leave him to his ludicrous mumblings.......have a nice day.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
mmmm.... nobody is more ludicrous than you Reg and your acolyte.
Keith - this exchange is like having some bug biting my back just out of the reach of my finger tips, I really want to give it a damned good slap!!!!
I have no idea what some 'aide' might or might not have said.
What is a fact is that time after time you have not been able to refute any of the specific points I have made in respect of what was said or the detail supplied to support them. You have failed dismally to demonstrate anything that requires any apology.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
mmmmmumble....mmmmmumble on.....your on your own...again.
As you are not listening to everyone on here and in UK...check with your tory friends /
MP`s who are telling Osborne to apologies and ask them your scrambled,convoluted
points and bore them silly.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
I read that the 'coalition' minister for trade and investment, former boss at HSBC, Lord (Stephen) Green may have some questions to answer too. He was chairman of the British Bankers Association, the very panel that drew-up the Libor rates. The Canadian authorities are on the case.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
The BBA does not 'draw-up' the Libor rates. The banks on each panel make their submissions to the BBA, who merely do the arithmetic and publish the results.
When Stephen Green took the reins at HSBC he ran into much flak from shareholders and the City press because he held out against pressure to leverage the balance sheet and make the mistakes made by the other big banks. Why? because he believed it was the wrong thing to do and he had the courage of his convictions to face down his critics. He believed from the beginning that over-aggressive strategies could eventually lead to financial mayhem and bring the system down. I worked closely with him in the late 80s and early 90s and I can say that he is a man of total integrity.
He is as far from Reg's Elite Greedy Pig stereotype as you can get. For many years he has given his entire bonus and most of his salary to charity, keeping only what he required to be comfortable and keep his family secure. He is also a devout Christian and and an ordained priest in the Church of England. He waives his ministerial salary as he does not need it.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
I have no earthly reason to doubt a single word you write Peter (#132).
But...
The BBA does 'compile' the Libor rate from the information submitted to it from the reporting banks. This gentleman's arrangement is seen as far too cosy by the US authorities, The Commodity Futures Trading Commission (CFTC).
While the CFTC fined Barclays £128.5m for manipulating it's Libor rates, it also, I read, laid into the BBA. Pointing out that, "the BBA is not regulated" despite publishing "one of the fundamental benchmarks for global financial markets".
During the relevant times a Barclays Bank employee sat on the steering committee of the BBA with responsibility for the operation and management of Libor. This committee reviewed Libor when the rate was questioned and gave it the all clear.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Libor inquiry will be a `Whitewash`says Tory MP Andrea Leadson who was highly
praised for her forensic questioning of Bob Diamond,along with John Mann ( two of the
common`s toughest financial inquisitors ) have been left off the committee.
Chief Whips chose the committee and it is thought that Andrea Leadson has been left
off because she was one of the many Tory MP`s who made forthright comments that
Osborne apologies to Ed Balls for his ludicrous ,attention seeking accusation.
Cameron`s decision not to have a Judicial Inquiry means this committee lacks the
necessary expertise and will be a `farce` and once again further highlights his serial
bungling.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
It does seem to be a mite petty Reg, this leaving-off of robust and knowledgeable inquisitors simply because they were Lords-reform rebels or simply carry their reasonableness with them where ever they go.
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
but sadly tom the tories()osbourne) dont want real scrutiny
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Theresa May Home Secretary was briefed 10 months ago of G4S failings.
Her Majesty`s Inspectorate of Constabulary presented a report to May in September 2011 which
should have raised alarm bells about G4S`s lack of capabilities.
Our soldiers will face being stuck in Afganistan for weeks longer as a result of the G4S fiasco.
Government`s security provision has been an unforgivable failure.Was Jeremy Hunt included in the
discussions or was he still helping the Murdoch empire ?
Cameron`s serial of bungling continues.
Lord King former Conservative Defence Secretary said doubts about G4S`s security plans have been
``an ongoing saga for months``He added the Army involvement will plug the gaps.
What a shambles .....with 12 days to go to the Olympics.
Cameron needs all the friends he can `retain`but Theresa must fear the night of the long knives.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
bring back the conservative who did such a good job at the enquiry
what have the conservatives to hide?
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
RBS faces new hit over Libor scandal.The CEO of RBS warned that the bank faces
further hit to it`s reputation and a huge fine from the Libor scandal,which engulfed
Barclays and caused a fresh wave of anger against banks.
He added RBS is one of the banks tied up in Libor.We`ll have our day in the spotlight
as well.He did not know the size of the RBS fine but said the Investigation by the
Financial Services Authority was ``in process``
The FSA will be passing information on all banks involved to the SFO.