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Public Inquiry into Banks?


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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: :unsure:

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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.

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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. :unsure: 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! :wink:

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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.

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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. :angry:

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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.

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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?! :wink:

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Beats footy! :D Well it seems Bob Diamond has finally fallen on his sword, wonder how this will impact on his personal finances? :unsure:

Don't think he's too worried about that obs, his 20 - 30 million final payout will cushion the blow!. :roll:

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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 :D

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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. :wink: 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. :roll:

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