Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Agree.....Chistine Lagarde tells Greeks to pay their taxes when she does not pay tax on her $ 500,000 salary.
Hedge fund manager Alberto Micalizzi find £ 3 million and banned over $ 500 million bond scandal which FSA branded
fraudulent.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Martin Braggs CEO of Thames Water received £ 420,000 bonus on top of a salary of £ 425,000 ....despite a 13 % drop in
profits and an increasing `deteriorating`record of satisfaction from it`s 8.8 million customers.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
reported yesterday in e. standard top earners on avarage got a 8% rise
one was as high as 41%
with the millions being put up for all these high earners surely we should all be in this together a bit more
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Investors to turn on remuneration chief in row over WPP bosses 60% pay rise.
Jerrrey Rosen,chairman WPP in firing line today when investors hand a stinging rebuke on the companies pay policies.
Sir Martin Sorrell CEO`s salary has risen to £ 1.3 million a total pay rise of 60 % including bonuses.Rosen faces a protest
vote against his re-election to the board.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
it's all becoming a joke if it wasn't all so serious
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Top Tory linked to Jimmy Carr`s Tax scheme .
One of Tories biggest donors George Robinson has signed up to the same scheme.
This is acute embarrassment for Cameron as he is unlikely to describe Tories biggest donor in the same terms as he did
Carr !!!!!!
Cameron`s knee jerk comment turns into exposure of his double standards.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
double standards not half
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
dave dropped himself in it with his comments being about an individual instead of a general condemnation.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
think its about howard the words
dave talks a good talk, but action is another thing
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Libor interest rate fixing involves all banks.
Barclays are the first to be exposed.
Criminal proceedings should follow but will they?
Breaching the regulations goes back to 2005.
Heavy fines will be handed out and bonuses will be stopped but this activity is inexcusable and there should be a criminal
investigation.
Before a certain gentleman starts jumping up and down we all know why we bailed out the banks and bankers but they
really are the most unworthy recipients.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
You make assumptions.
This is disgusting and those responsible should face the full force of the law.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
In the days when I used to set LIBOR (pre-'97) at BZW (now Barclays Capital), only staff who were unaware of the bank's interest were permitted to quote it and any egregious quotes (by us or any other bank) were immediately investigated. Seems times have changed. It all went to pot when the interbank cash deposit market became multi-tiered around 2005-7.
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
yep,
looks like a few heads might roll
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Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Sky reports:
"It has been confirmed that Serious Fraud Office investigators are in talks with the Financial Services Authority (FSA) - raising the prospect of potential criminal charges and further fines totalling many billions of pounds across the sector."
This is disgusting!
Mr. Diamond, head of Barclays, last year took - yes gave himself - a bonus of well over £2 million. He has "offered" to wave next years bonus he was going to give himself.
I think he might be behind bars, if this has anything to do with serious fraud!
"Under pressure Mr Diamond, who was in charge of the so-called 'casino' part of Barclays at the time of the rate rigging, has also faced a demand to quit from the former Liberal Democrat Treasury spokesman, Lord Oakeshott."
Dover Forum has been vocal in demanding a Government crack-down on bankers bonuses, hopefully now we are seeing a Government crack-down on cheating chief bankers.
We MUST continue to get involved, to put our nose into this, and demand JUSTICE on the part of Gov.UK. Bankers who have committed serious fraud belong in front of a judge to answer for their crimes!
Elite Greedy Pigs is what some of these bankers have been, now they must cough up and pay the price as exacted by the Law of justice.
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Coming February will see Silly Season again, when bankers rush up to the usual place to grab their bonuses, worth three or four times their top salary.
They slap each other round the back and start demanding how much they want. They vouch for each other, and one announces the other's bonus; then this one in turn announces the bonus of the next one...
The merry-go-round starts, and they start singing their usual songs ...le monde est une merde... and how they repossessed tens of thousands of homes from bankrupt families.
Hopefully, a number of them will be behind bars come Silly Season.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Livor.
Head liner Cameron says ``People have to take responsibility for their actions---they must be accountable--it`s important
that it goes all the way to the top``( will he be consistant and include BSkyB ? )
Over 20 Banks are under investigation.
Treasury says ``What we hearing is that `everybody`was in it``Brokers and Hedge Funds will also be under review and
former Tory Treasure and Donor Micheal Spencer who runs a City Firm could also be dragged into the affair.
Icap have suspended one employee and put two more on `Garden Duty`
Serious Fraud Squad are involved.
£ 10 billion wiped off value of British Banks.
This one will run longer than Leveson and will see some behind bars.
The Blame game begins.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
actuly reg there is 40 banks being invastigated worldwide.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Financial Sector are and have been a Pariah / Parasite / Blood sucker for ages.
They need a complete root and branch job as indeed our Tax system does.
It would trap many elite greedy Pigs.
Then ``may be``we will all be in it together..........not holding breath.
And guess who a couple of decades ago decided we should concentrate on the Financial Sector
instead of manufacturing.........you got it Mrs Thatcher....
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
The Financial sector contains good and bad as does every part of life, while being a major earner for the UK. Nobody hates the crooks in the sector more than the majority of decent hard working people who work in it.
We have to remember that most of the problems we have seen lately with the banks are as a direct result of Labour's failed regulatory changes. It was Brown who removed the Bank of England from banking oversight and it is from that most of the problems have stemmed. There was a time, before Brown, when bank Chief Execs were called into the Bank of England to be grilled on every aspect of their operations every 3 months - all of that ended with Brown.
No-one in his right mind could possibly blame the great lady who left office 22 years ago for this mess. Remember it was she who refused point blank to strip the BoE of its regulatory responsibilities and also she who introduced retail financial services regulation for the first time with the Financial Services Act 1988. Incidentally, there was no 'instead of' at all with Mrs T, far from it, another myth.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# .. .1138.....Sir Melvyn King Governor of Bank of England states this morning the Banking industry needs
``root and branch``job carried out on it............