howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
courtesy of matt from the telegraph.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
will they all get away with it
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
money talks kieth.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Maybe if there all in the right lodge(nudge, nudge, wink, wink)
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Money does talk and they do get away with `murder` but this time....even the right wingers are disgusted....and they normally
defend the `devil` but not this time. We might have a chance of Justice ......not holding breath.....
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
This shouldn't be a few scapegoats
whole issue should be sorted
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Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,707
Reg "all the financial sector" - so you are including Pension providers, independent building societies ans insurance companies in this?
As for "will they get away with it" - who is "they"? Barclays have been fine £290m other banks who failed to co-operate will potentially get larger fines, many investment management and insurance firms as well as shareholders will be considering private law suits here and in the US.
The way to sort the issue is not to vilify a whole industry but to think carefully about the rules, checks and balances required to protect investors and depositors and then to amend those rules and legislation accordingly.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
doesnt sound good ross what went on there
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Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,707
What went on was not good - frankly it was immoral and unethical and the FSA needs to find a way to make an example of the individuals concerned and ensure they do not work in the City again; as they have clearly breached the necessary levels of trust, probity etc required.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Elite Greedy Pigs become the `Corrupt Elite`Who is surprised ?
The Banking System and it would appear some Financial Sector are `` Institutionally Corrupt``
It is the unacceptable face of Capitalism.
They have always been tainted but never exposed as they should have been....now is the time to do just that.
Even Tory high command..except the PM.. are calling for a Public Inquiry.
Libor rate and Hedge Funds need tight control.
US law suit points finger at Brokerage run by PM`s adviser.
Micheal Spencer multi millionaire one of his closest advisers is alleged to have rigged key interest rates.
We have been too intensely relaxed about the filthy rich...we have to learn.
This is much deeper than Bankers Bonuses.This is about people who lost all their morality.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Does it look to others that it has all got out of control???
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
Yes it started to go out of control when banking supervision was taken away from the Bank of England. The FSA's style of regulation is a box-ticking one, when what is needed is one which dynamically addresses the systemic risks.
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
And still we are not seeing it
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
courtesy of the independent on sunday.
Senior Tories were dragged into the interest rate-fixing scandal last night as fresh evidence emerged that the banking industry denied there were any problems with "the integrity" of Libor five years ago.
The Independent on Sunday has learnt that the Conservative deputy chairman, Michael Fallon, is a board member of a leading brokerage firm that dominates the rates market and which has been asked to co-operate with the Financial Services Authority's investigation into malpractice across the City.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Yes more Tories dragged into Banking Scandal...please do not say you are surprised.
# 1150...Micheal Spencer..now that supercilious,sanctimonious Conservative Deputy Chairman Micheal Fallon Board
member of ``another``Brokerage firm that `dominates the interest rates market.
Fallon `again` a close ally of Cameron and Senior member of commons Treasury committee ( wonder if he will declare an
`interest`)
The Bank of England were aware of concerns over Libor 5 years ago ????
Francis Maude member of Barclay`s Advisory committee from 2005 he received £ 9,200 for 15 hours work in 2009 .He
resigned prior to joining the Cabinet in 2010.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I note Reg - eager only to point score, you totally ignore the facts you were told in my post #1139 and Peter's #1152 not to mention the balanced perspective of Ross in #1147 and #1149.
This might be a better thread if you engaged in a proper discussion and exchange on the issues discussed instead of digging out any opportunity you can find to point score. But then you have no interest in engaging in a proper discussion.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 1147..``all the financial sector``..items mentioned ..red herring
# 1149..agree
#1152..answered previously...``it started to go out of control when`` Mrs Thatcher changed priority
from Industry /manufactoring to the financial sector in the 80`s...
# ? ..``no interest in engaging in proper discussion``......with you yes....gave up on your blog
months ago...initially answered your posts on here but like many others before and present have
found it a waste of time / interest /effort as you have this narcisstic belief that you are right on
everything and everyone else is....half baked..lie..have no idea..waffle..do not understand ..self-
righteous..idiots..how little you know..not intelligent enough..don`t make sense..not realistic..
never run a business..it goes on and on without any knowledge of the people you insult...
...perhaps your right...and we are all wrong..........nah !!!!!!
...think the problem is with you old chap...need to assess your posts....just an opinion ofcourse...
PS...``point scoring``..or pointing out items ...is so easy with this government.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Reg #1157 - you must be describing yourself in what can only be described as an incoherent waffle. You are very liberal yourself with insults but without making a case to back them up. Perhaps if you try writing in sentences and paragraphs you might make more sense but I very much doubt it.
Your very response to posts #1139, #1147 and #1152, to three different posters here, not all of us 'on the right', is in itself an insult. Very relevant points were made to things you said you just dismissed with no counterveiling case and then, laughingly, you tried to place blame on a lady who left office 22 years ago. It is impossible to get intelligent discourse with you because point scoring is the only thing you are interested in.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
.........Q.E.D............
Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,707
Reg I used your words and you dismiss them as a "red herring" should I therefore presume all your posts are the same?
Barry and I argue often as I am most definitely "of the left" and he is diametrically opposed, however we do so in a fashion that offers us both the opportunity to "agree to disagree" if that is the appropriate response; the resort to what appears to be one liner point scoring only riles the person you are debating with and further entrenches their view.
You may of course dismiss me in the way you dismiss Barry, but I believe that doing so is likely to prove to be a loss to the debate as both of us have valid and useful knowledge and views to bring to the table.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
