observer Posted April 9, 2013 Report Share Posted April 9, 2013 Seems one Banker, allegedly part responsible for the failure of HBOS and it's subsequent rescue by the tax-payer to the tune of £20billion; has given up his knighthood and 30% of his pension, leaving himself a mere £400,000 pa to manage on. But why are we relying on these people to voluntarily decide on their level of punishment, if at all? Are they criminally liable, as well as morally liable; and what legal sanctions are actually available to punish them? Quote Link to comment Share on other sites More sharing options...
Davy51 Posted April 10, 2013 Report Share Posted April 10, 2013 What these people do is no less a crime than armed robbery ,but at least an acknowledged criminal would expect a lengthy jail term when caught,. Maybe it is time the law treated these people as the criminals that they are ! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted April 10, 2013 Report Share Posted April 10, 2013 Agree with Davy51 Quote Link to comment Share on other sites More sharing options...
asperity Posted April 10, 2013 Report Share Posted April 10, 2013 And all you people disagree with me when I say the banks should have been allowed to collapse. Obviously you used to be uncertain but now you're just not sure. So instead of being punished the bankers were given taxpayers money and you all thought it was a good idea. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted April 10, 2013 Report Share Posted April 10, 2013 Not this again, the banks were to big to fail, look what happened to Loyds when it bought out HBOS, it tipped that bank over the edge as well Quote Link to comment Share on other sites More sharing options...
asperity Posted April 10, 2013 Report Share Posted April 10, 2013 Same old mantra. Change the record. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted April 10, 2013 Report Share Posted April 10, 2013 But you are yet to explain, how we would carry on without the banks, HBOS was bought out and then took Loyds down, Who would have bought the banks, if buying them would take you down, and when the debt they had was to other banks, and so righting off the debt also would have taken down banks? Quote Link to comment Share on other sites More sharing options...
asperity Posted April 10, 2013 Report Share Posted April 10, 2013 Its all explained on he internet. Google it if you're interested (which I suspect you aren't). Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted April 10, 2013 Report Share Posted April 10, 2013 Got nothing when I googled Asps guide to World banking, I did it again it crashed, I bit like your plan Quote Link to comment Share on other sites More sharing options...
Dizzy Posted April 10, 2013 Report Share Posted April 10, 2013 At least yours just crashed LT as I googled and type it wrong. I suggest that anyone else googling checks their spelling first as banking (??) failure or collapse can be quite shocking I dread to imagine what my other half will think if he looks at the internet history as he's waiting to use it (the internet and PC I mean ) Quote Link to comment Share on other sites More sharing options...
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