UK Banking facing Judicial enquiry

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Sirius B Project Donor
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Message 1253667 - Posted: 30 Jun 2012, 9:06:14 UTC - in response to Message 1253666.  

The same ought to be said for International banking.
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Message 1253687 - Posted: 30 Jun 2012, 10:34:08 UTC

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"
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Message 1253733 - Posted: 30 Jun 2012, 14:18:55 UTC

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."
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Message 1253813 - Posted: 30 Jun 2012, 18:09:05 UTC

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?
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Message 1253819 - Posted: 30 Jun 2012, 18:41:09 UTC - in response to Message 1253813.  

No you're not jaded, jusr speaking the truth. Shame the politicians can't do the same.
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Message 1253880 - Posted: 30 Jun 2012, 22:36:23 UTC

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

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belong to a formal team so "fly their own kites" - as the saying goes.
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Message 1253897 - Posted: 30 Jun 2012, 23:00:14 UTC - in response to Message 1253886.  

but they are going to be made accountable for their misdeeds though.

And quite right too.

unlike the scoundrels in Brussels who still will not fess-up to where the missing billions have gone.

That investigation will happen...

Hopefully whilst the miscreants are still alive to be bought to book.


The Kite Fliers

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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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Message 1254138 - Posted: 1 Jul 2012, 14:11:16 UTC

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

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belong to a formal team so "fly their own kites" - as the saying goes.
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Message 1254152 - Posted: 1 Jul 2012, 14:24:36 UTC - in response to Message 1254145.  

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!
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Message 1254174 - Posted: 1 Jul 2012, 14:57:42 UTC - in response to Message 1254163.  

I presume you mean "What's Next" ?

That is a bit of a catch all isn't it?

OK, real life has taken over, I have to go and mow the lawn, then take a load of stuff down the Council dump. I'll may be back later ...


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.
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Message 1254191 - Posted: 1 Jul 2012, 15:34:14 UTC - in response to Message 1254174.  
Last modified: 1 Jul 2012, 15:36:27 UTC

I presume you mean "What's Next" ?

That is a bit of a catch all isn't it?

OK, real life has taken over, I have to go and mow the lawn, then take a load of stuff down the Council dump. I'll may be back later ...


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.

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

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Message 1254192 - Posted: 1 Jul 2012, 15:39:56 UTC - in response to Message 1254191.  

Then thank gawd I'm an uneducated slob...... :)
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Message 1254200 - Posted: 1 Jul 2012, 16:00:23 UTC - in response to Message 1254192.  

Then thank gawd I'm an uneducated slob...... :)

We're not at church, Sirius; here is not the place for confessions.



The Kite Fliers

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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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Message 1254202 - Posted: 1 Jul 2012, 16:11:09 UTC - in response to Message 1254200.  

Then thank gawd I'm an uneducated slob...... :)

We're not at church, Sirius; here is not the place for confessions.



forgive me father, for I have sinned...oops, isn't this the Westminster Chapel?
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Message 1254209 - Posted: 1 Jul 2012, 16:34:51 UTC - in response to Message 1254202.  
Last modified: 1 Jul 2012, 16:43:13 UTC

Then thank gawd I'm an uneducated slob...... :)

We're not at church, Sirius; here is not the place for confessions.



forgive me father, for I have sinned...oops, isn't this the Westminster Chapel?

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

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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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Message 1254215 - Posted: 1 Jul 2012, 16:41:46 UTC - in response to Message 1254209.  

Can I have the wine 1st?

Mac got it spot on!
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Message 1254223 - Posted: 1 Jul 2012, 17:03:57 UTC

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".
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Message 1254239 - Posted: 1 Jul 2012, 17:24:13 UTC - in response to Message 1254232.  

Can I have the wine 1st?

Did you mean first or list?

Sirius will love this ...


I believe that list begins with an L not a 1.
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Message 1254243 - Posted: 1 Jul 2012, 17:26:34 UTC

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.
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Message 1254302 - Posted: 1 Jul 2012, 19:03:57 UTC - in response to Message 1254294.  
Last modified: 1 Jul 2012, 19:07:47 UTC

Daily Muppet PLC

This is an rare opportunity to join a professional and dynamic team, in a senior role, within a ground breaking and exciting new international media venture, which will be shortly be unveiled to the public.

Applications are therefore invited for the post of Senior Political Correspondent, which will be an executive position. Candidates will be expected to demonstrate a proven track record, of considerable achievement in the following areas.

1. A strong belief that all politicians are useless.
2. A solid background in generally denigrating the government.
3. A complete belief that the "EU" is past it's sell by date.
4. Membership of the Jim Henson fan club

Applications, in triplicate, should be sent to

Daily Muppet PLC
C/O Overthecliffe House
2 Derry Street
London W8 5TT

Closing date 31st July 2012.


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.
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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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Message boards : Politics : UK Banking facing Judicial enquiry


 
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