observer Posted June 29, 2012 Report Share Posted June 29, 2012 Time for a public inquiry into the absolute corruption of our Bankers, taking ages, costing £millions, then being quietly shelved at the end of it OR retrospective legislation from Parliament to criminalise their activities and get them put into Prisons? :unsure: Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted June 30, 2012 Report Share Posted June 30, 2012 The USSR collapsed as it ran out of money, If they would have had a 10th of the money spent on keeping capitalism moving it would not have collapsed, Perhaps we need a totally new system. One not based on gambling on markets. A banking enquiry would not work, as banks operate globally. You would need a global enquiry, with all Countries agreeing to change their systems and that will never happen, as offshore banks often advertise them selves as non or little regulation, such as the Cayman Islands, America thinks lots of South American drug money goes though their and is very hard to track, but having little regulation on the banks their has bought alot of wealth to the Islands. It's sad but in the end they will stick a sticking plaster on the banks, and in 10 years time or so, they will get coughrt again fiddling. Quote Link to comment Share on other sites More sharing options...
observer Posted June 30, 2012 Author Report Share Posted June 30, 2012 Interesting, they had a nobel prize winning economist on TV the other night, who seems to think it would be no longterm loss to see the speculative casino side of Banking go elsewhere, whilst retaining the traditional high streets banks - certainly the system needs to be re-thought through. However capitalalism is about making more money out of money to serve the few, and with the demise of Communism (State Capitalism), no one seems to have come up with a new answer. However, perhaps if a proportion of these Bankers were hung from lamp posts around Canary Wharf, it would curb the greed of the rest and concentrate minds! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted June 30, 2012 Report Share Posted June 30, 2012 Obs I like your thinking Quote Link to comment Share on other sites More sharing options...
Davy51 Posted June 30, 2012 Report Share Posted June 30, 2012 If i walked into a bank with a toy gun & demanded customers money from the cashier i would expect a lengthy jail sentence ,but the acts of these bankers are morally as criminal as armed robbery. If these people were regarded as being on the wrong side of the law it would be regarded as organised crime. Does this government,its judiciary & various financial regulators have the balls to prosecute these rogues? No doubt it will be another whitewash. Quote Link to comment Share on other sites More sharing options...
Cleopatra Posted June 30, 2012 Report Share Posted June 30, 2012 Well, big Ken Clark is calling for them to be prosecuted. About the only thing he ever has done that I agree with. Quote Link to comment Share on other sites More sharing options...
observer Posted July 1, 2012 Author Report Share Posted July 1, 2012 It's symptomatic of our current system, that following the riots, examples were made with folk who'd received a stolen pair of trainers, going to prison. We've had a small group of greedy folk at Canary Wharf, stealing and/or losing £millions in reckless gambling - and no doubt they'll just walk away with their ill gotten gains. Quote Link to comment Share on other sites More sharing options...
asperity Posted July 1, 2012 Report Share Posted July 1, 2012 If there have been illegal dealings at the banks (and it looks certain that there have been) then never mind wasting money on a public enquirywhitewash, why not have the police do what they are paid to do and arrest the suspects for questioning and possible charges? After all if the law has been broken then it is the job of the police to investigate the crimes and bring the culprits to justice. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted July 2, 2012 Report Share Posted July 2, 2012 I think they are looking into that Asp, the problem is what they did might not be illegal, as their is no persific law that they broke. Quote Link to comment Share on other sites More sharing options...
asperity Posted July 2, 2012 Report Share Posted July 2, 2012 Fraud is not illegal?? :shock: Quote Link to comment Share on other sites More sharing options...
observer Posted July 2, 2012 Author Report Share Posted July 2, 2012 Problem is, as with cyber crime, plod is struggling to keep up and this type of inquiry would prove rather lengthy and labour intensive - perhaps the public hanging in Canary Wharf, of one in ten of the staff would prove cheaper and more effective?! Quote Link to comment Share on other sites More sharing options...
Cleopatra Posted July 2, 2012 Report Share Posted July 2, 2012 By Jove....! You can't beat a good public hanging. Get there early to get a good viewing postition at the front. Take some jellied eels and a thermos of coffee with you and you are all set for a good day's entertainment. Quote Link to comment Share on other sites More sharing options...
observer Posted July 2, 2012 Author Report Share Posted July 2, 2012 Beats footy! Well it seems Bob Diamond has finally fallen on his sword, wonder how this will impact on his personal finances? Quote Link to comment Share on other sites More sharing options...
algy Posted July 3, 2012 Report Share Posted July 3, 2012 Beats footy! Well it seems Bob Diamond has finally fallen on his sword, wonder how this will impact on his personal finances? Don't think he's too worried about that obs, his 20 - 30 million final payout will cushion the blow!. Quote Link to comment Share on other sites More sharing options...
observer Posted July 4, 2012 Author Report Share Posted July 4, 2012 Wonder where he'll invest it all?! Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted July 4, 2012 Report Share Posted July 4, 2012 Knowing what he knows, he will probably stick it under his bed Quote Link to comment Share on other sites More sharing options...
observer Posted July 5, 2012 Author Report Share Posted July 5, 2012 Seems he run rings round the inept politicians on the select ctte; so perhaps a full Judicial Inquiry IS required after all? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted July 5, 2012 Report Share Posted July 5, 2012 What do you mean "after all" Quote Link to comment Share on other sites More sharing options...
Bazj Posted July 5, 2012 Report Share Posted July 5, 2012 in a time when the country has no money and we are hearing that today they will be announcing another 20,000 front line troop cuts (although we still have the worlds fifth largest defence budget) why do we need to fork out another bucket load of cash investigating something that we all know happened? Just lay down the law to the banks.... tell them they have to sell their casino arm and keep the high street seperate. Tell them they have to lend to small business and at a rate that is fair and not at rip off interest rates.... If they fail to comply, take the bailout money off them and give it to another bank that will and let that bank fail... And also sack every top executive and bring in new blood. Sorted no enquiry Quote Link to comment Share on other sites More sharing options...
Evil Sid Posted July 5, 2012 Report Share Posted July 5, 2012 Should not take more than ten minutes for an inquiry. were they in the wrong,Yes, right sack the lot start gain from scratch, next bank. Quote Link to comment Share on other sites More sharing options...
observer Posted July 5, 2012 Author Report Share Posted July 5, 2012 Sounds good chaps, just don't know why we bovver with politicians at all! Quote Link to comment Share on other sites More sharing options...
Nick Tessla Posted July 5, 2012 Report Share Posted July 5, 2012 I take it Bob Diamond is an example of the sort of superhuman executive that have to be paid 100 gazillion pounds to attract them and we could scare them away if we tax the poor little darlings too much (or even fairly)? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted July 5, 2012 Report Share Posted July 5, 2012 Good point Nick Quote Link to comment Share on other sites More sharing options...
observer Posted July 5, 2012 Author Report Share Posted July 5, 2012 True Nick; but it seems his talent lies in prevarication and outwitting simpleton MPs, who haven't the wit or the evidence to catch him out. And, as we now see, Party politics has overtaken the whole process, with the blame game in pursuit of winning the next election, allowing the Bankers off the hook. Quote Link to comment Share on other sites More sharing options...
observer Posted July 9, 2012 Author Report Share Posted July 9, 2012 Meanwhile Bob is due a golden handshake of around £17million - seems once folk reach above a certain level in society, they become untouchable. Quote Link to comment Share on other sites More sharing options...
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