bob diamond resigns

He didn't even lie. That's the bare-faced cheek of it. He just said the money will be used "to the benefit of the taxpayer". Ergo, anything and everything could be deemed "to the benefit of the taxpayer".

Much like Brown's promise to "do everything legally possible to claw back" those bonuses in 2008, knowing full well that there was nothing he could legally do to get them back.

Politicians, despite the clear evidence to the contrary, are not stupid. They are playing the pipe to a pretty tune which is nice on everyone's ears, meanwhile our children end up missing.
 
Last edited:
Bob's daughter is not happy

nelliediamond Nell Diamond
George Osborne and Ed Miliband you can go ahead and #HMD
About 42 minutes agovia Twitter for iPhone Favorite Retweet Reply
Click to expand...
 
Mr Jones said:
There's a 6/1 odds on this guy being his replacement Rich Ricci - Seriously, these stuff cannot be made up.

Anyway, all jokes aside, bankers aren't to blame for recession but their greed knows no bound. Despite being bailed out by taxpayers, they still continue their usual tricks and to manipulate and essentially, defraud the system... that's just taking the biscuit now.
Click to expand...

i thought US banks and their sub-prime mortgages and dodgy hedge funds caused the global recession.
 
Dj_Jestar said:
Not sure if I have taken the wrong impression from this article: http://www.bbc.co.uk/news/business-18695181

But does that suggest the BOE are "in on it" ?
Click to expand...

Maybe, maybe not. It would appear from other reports that other senior managers at Barclays misinterpreted Bob's phone call to the Bank of England as been told to lie about LIBOR. Bob is saying that's his version anyway.

A phone call between Barclays boss Bob Diamond and the Bank of England ultimately led to some of the rate-rigging actions at the heart of the ongoing banking scandal, Barclays claims.

Jerry Del Missier, who was president of investment arm Barclays Capital at the time, told staff to lower the key interbank lending rate after misunderstanding Mr Diamond's account of the conversation with the BoE deputy governor Paul Tucker
Click to expand...

A letter by Barclays, that is included in that submission to the TSC, basically accuses the Bank of England of telling it to manipulate Libor so that it would appear less weak in the aftermath of the Lehman collapse.

More specifically, the bank says that its CEO Bob Diamond had a conversation with BoE deputy governor Paul Tucker, wherein Tucker inquired why Barclays was submitting rates so high compared with other banks.


"Mr Tucker stated that the levels of calls he was receiving from Whitehall were 'senior' and that while he was certain we did not need advice, that it did not always need to be the case that we appeared as high [on Libor] as we have recently."
Click to expand...
 
LOl the best bit of this thread was that I learnt "HMD" and will be randomly slipping it into conversations and emails until i get told to stop. No , not my D you dirty people.
 
if we're going for retrospective criminality, I hope we are including the politicians who created the failed triparite regulatory system under which all this occurred...
 
You must log in or register to reply here.
Back
Top Bottom