The "Special Relationship" at work: - Thank you US for backing up the UK!

Tucker warns of an "Uncontainable Backlash"

"Both Mr Tucker and Thomas Hoenig, a director of US regulator the Federal Deposit Insurance Corporation, hit back at the claims.

Mr Hoenig said controls over bank structures, such as ringfencing, were vital. “We will have a crisis in the future. And the simpler the structure the better chance we have of managing that crisis and so we don’t have a global meltdown like we just experienced,” he said."

Well stated Mr Hoenig

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Oh dear, just what we didn't need to know.....

Worse to come?

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Oh dear, just what we didn't need to know.....

Worse to come?

If there's still questions regarding bank solvency in the UK then just how
bad a state are the Europeans ones in...let me guess?....Oh dear, I can't use this
nondescript word here...even uncle Sirius wouldn't dare use it...so best I
don't use it then? So lets just say their up the Swanee!!

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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.

Up this without a paddle......

Ol' Man River

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Up this without a paddle......

Ol' Man River

....
....and in a leaky boat too...

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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.

Oh boy, twice in one week! Gotta make sure I do the lottery tomorrow as every thing nice comes in 3's :)

Inside the life of a banker

"Mr Smith resigned in March in a resignation letter which was published in the New York Times and made the explosive claims that senior staff called their clients 'muppets.'"

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Inside the life of a banker

He ain't telling us nowt that we don't already know here. Muppets, the only
Muppets left now are going to be those who shell-out and buy his book.
Bankers, football players all the same and both have a ball in common.
One lot have a ball, the other lot know how to play with it.

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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.

Oh dear, Profit margin was too low

Can we claim Diamond's payoff back then?

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Wanna be a criminal & make crime pay?

Top 2 positions of 50.....

At No 2: - Become a politician

At No 1: - Become a banker, then you can do this & make Loadsa Moneeeee

HSBC - The Criminals No 1 Bank

A comment from the article says it all.....

"Banks have to vet their customers yet governments can do business with anyone? its hypocracy not to mention the billions HMRC has written off for some of the worlds biggest companies because they bought them dinner"

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Another reason to reign in the bonus culture.....

Another rogue trader found guilty

Ah not to worry, the banks will just put their charges up to recover their losses.......

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Another rogue trader found guilty

I wonder. Was he really a "Rogue Trader" or just the scapegoat for when the bank bet on heads but flipped tails ?

If they had won the $2.3bn instead of losing it would he have still been crucified ?

T.A.

http://www.foxbusiness.com/business-leaders/2012/12/11/uk-makes-three-arrests-in-libor-probe/?intcmp=obnetwork

Britain's Serious Fraud Office (SFO) has made the first arrests as part of a global investigation into the manipulation of interbank lending rates.

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http://www.foxbusiness.com/business-leaders/2012/12/11/uk-makes-three-arrests-in-libor-probe/?intcmp=obnetwork

Britain's Serious Fraud Office (SFO) has made the first arrests as part of a global investigation into the manipulation of interbank lending rates.

HSBC announced on Tuesday that it had agreed to a record $1.92 billion settlement with authorities. It seems no criminal charges will follow for the admitted money laundering. A few of years of incarceration would also be appropriate.

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See today's fine on HSBC by the Yanks?

Assuming the States regulators can substantiate the accusation, and £1.5 billion fine, then they deserve this outcome.

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It's good to be back amongst friends and colleagues

Internal emails substantiated the charges and I still want criminal prosecution. Relative to the size of the bank the fines are small. The potential damages to your and my country are criminal felonies and deserve hard time.

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Internal emails substantiated the charges and I still want criminal prosecution. Relative to the size of the bank the fines are small. The potential damages to your and my country are criminal felonies and deserve hard time.

Citizens United. By all means put the company in prison. If you or I go to prison they don't let us continue to do business. Same for HSBC. Bankrupt and let the investors fork up the cash for the criminal fine.

Frankly they are too afraid of too big to fail institutions. Well, break them up into chunks. Nothing should ever be allowed to get too big to fail, because it will happen then.

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Frankly they are too afraid of too big to fail institutions.

It has to be realised that many pension funds invest in large companies in addition to Gilts. When a big one goes down the plughole it can have quite a large knock on effect to the general public apart from shareholders. Responsible governments and regulators are aware of all that. As a poster here always reminds us "I think you'll find it isn't as simple as that".

Why are pension funds permitted to invest in companies that commit felonies and must go down the plughole because of it? Shouldn't the pension fund managers be prosecuted for making such investment choices? After all committing a felony isn't an ordinary business risk, it is an overt choice. Where is the due diligence of the fund managers? Dump it like a hot potato the moment this kind of thinking starts in management. Feet to the fire!

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Gary, there are people in HSBC who aided countries and drug cartels who are overtly doing acts of war against the US. Those HSBC people belong in jail.

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Gary, there are people in HSBC who aided countries and drug cartels who are overtly doing acts of war against the US. Those HSBC people belong in jail.

Are any of them US citizens? Did they do the acts on US soil? Does USA law apply to them? Sort of like Mr. Assange.

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Yes, there were Americans involved on this side of the pond. I don't recall his name, but he was the chief operating officer over here. Emails exist showing him complaining to his boss in England and the response he got was the US was being too overbearing concerning money laundering and to shut up. As for US law HBSC in the settlement concedes US law does apply. Part of the settlement is that if the bank stays clean for 5 years no criminal charges will be brought.

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