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UK Banking facing Judicial enquiry
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Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
The same ought to be said for International banking. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
King attacks banks "He slams 'excessive levels of compensation', 'shoddy customer treatment' and 'deceitful manipulation' Had this been one of us, we would be looking at a conviction & possibly 5/10 years in prison! Instead, we get..... ..plenty of finger wagging...... "You naughty boys, don't worry friends, we'll reject any calls for prosecution" |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
I don't particularly like the guy as I think he's a "Yuppie throwback", but in this case, he's right (then again, even a broken clock is correct twice a day). Inter-bank lending to be reviewed "Nobody has confidence that the current plans of this Government or the industry will be sufficient. Nobody believes either that the scandals of the last week are the end of the story. So we need a full, open and independent inquiry which the public can trust." |
rob smith Send message Joined: 7 Mar 03 Posts: 22528 Credit: 416,307,556 RAC: 380 |
The way these so called "traders" in investment banks have behaved is an insult on the word "trader". A real market trader looks to see what is selling, what he stands a reasonable chance of making a profit on, and buys that out of his own money. And then he goes to the market with his goods. He knows his costs (fuel, storage rent, pitch rent and so on), he also knows how much his exposure is to having bought at the wrong price, or the wrong item. But in the main he has only spent his money, out of his pocket (or at least the fund that will go to his next holiday - if he takes one that is). Bank "traders" on the other hand don't go out and buy with their own money, they buy with money that not even the bank has. They then take this thing they've not bought to the market, pass it off as "theirs"', or "the bank's" and sell it to someone else, who doesn't have the money, but has invented a pseudo pot of gold... And so the circle goes on, until someone sneezes. Now all their hopes of getting away with it for another cycle are in doubt, they panic, and so the panic spreads faster and faster. These so called "traders" are nothing more than a combination of con-merchant and gambler. They con their bosses into thinking they can never loose, and then gamble with the bank's money in that false belief. of course the day of reckoning comes round every so often and they cry the tears of a con man... Give me a good honest market trader any day. He knows the price and the value of everything on his stall, and will strike you a fair deal - today he might make a loss, but he wants you to come back, then (eventually) he will make a profit, but not a huge one. Do I sounded jaded to you? I probably am, I've met both, one I respect, the other I find no respect for, only pity that they are so shallow and full of themselves they can't see it collapsing around them even when the rubble is up to their armpits.... Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
No you're not jaded, jusr speaking the truth. Shame the politicians can't do the same. |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
We should have put some of these bankers in charge of our government. We could have become a rich country had we done so. Still, not to be, well not yet anyway but they are going to be made accountable for their misdeeds though. Even if it means only their books get opened up, unlike the scoundrels in Brussels who still will not fess-up to where the missing billions have gone. .....ay, it's al'right for some!!.... The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
but they are going to be made accountable for their misdeeds though. Hopefully whilst the miscreants are still alive to be bought to book. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
How long will the Euro gravy train be running before it gets derailed??? Most probably derailed already and just bumping along on the sleepers. Can't be long before most ECM countries insist on a reduction in fees payable to Brussels. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
Perhaps we need a specific Euro thread. This was the meant to be the UK banking thingy. My bad as well, want to set one up Nick? It's already running as you well know! |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
I presume you mean "What's Next" ? no it's a continuation of the other 2...stop acting like a dumbo, we know you have brains...just use some comon sense now & again. |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
I presume you mean "What's Next" ? That's Sirius sounding off like a Head Master. I think Sirius has just accused Chris of being a "Buffoon". You do though have to be fairly well educated before one can possibly be categorised, under any circumstances, as a "Buffoon". For certain, no ordinary uneducated oik could ever qualify though. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
Then thank gawd I'm an uneducated slob...... :) |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
Then thank gawd I'm an uneducated slob...... :) We're not at church, Sirius; here is not the place for confessions. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
Then thank gawd I'm an uneducated slob...... :) forgive me father, for I have sinned...oops, isn't this the Westminster Chapel? |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
Then thank gawd I'm an uneducated slob...... :) Three hail Mary's, four head dunks in the baptist font and holy communion to be taken along side each diner at night with only one glass of holy red wine to be consumed there-in each time. Note: Please return all empties as the nuns can get a half Euro back on each bottle when returned to the monastery's wine shop. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
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Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
Heads must roll Have to laugh at the "submarine" chancellor though..... "as the Chancellor faced questions after incorrectly naming HSBC as one of the banks being investigated as part of the ongoing Libor probe". |
Sirius B Send message Joined: 26 Dec 00 Posts: 24911 Credit: 3,081,182 RAC: 7 |
Can I have the wine 1st? I believe that list begins with an L not a 1. |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
BARCLAY'S BANK PLC Due to unforeseen circumstances a position has arisen for the post of BANKER in CHIEF...apply below. Criminal apptitude an advantage if none then training will be given. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
Nick Send message Joined: 11 Oct 11 Posts: 4344 Credit: 3,313,107 RAC: 0 |
Daily Muppet PLC Dear Sir, With reference to the job of Senior Political Correspondent, I am quite interested in applying but could you first tell me what the remuneration package will be. I am currently working as a part Correspondent at the Morning Star so feel ably qualified in all areas as mentioned in your required areas of achievement. Yours faithfully Bob Crow. RMT p.s. No longer a member of Jim Henson's fan club as I got thrown out after attempting to get the Muppets to come out on strike. The Kite Fliers -------------------- Kite fliers: An imaginary club of solo members, those who don't yet belong to a formal team so "fly their own kites" - as the saying goes. |
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