Bankers are worse than Drug Dealers
Posted 28 June 2012 - 23:29
Should UK law be changed so that the miscreants are treated in the same way as drug-dealers i.e. That rather than just impose fines on the organisations that persons in authority within these organisations should have all the assets derived from their illegal activity confiscated by the state before being imprisoned ?
Posted 29 June 2012 - 02:47
Posted 29 June 2012 - 06:31
I've come to expect nothing less from the banks. All the while there is pressure from shareholders, they will try to look more appealing. Bring back building societies everywhere...
Posted 29 June 2012 - 07:19
Who collects the fines and where does all this money go to ?.
Posted 29 June 2012 - 07:29
but since most of the profits are being made from supplying Bank Employees, it sorts its self out in the long run.
But since we are having to Pay so much to Bank Roll the Armies out closing down the Drug Farmers that supply the drugs, to supply the Bankers that bank the Money that is made in the Defence Industry providing Weapons to continue the War against Drugs.
Enough to drive you to Drugs.
So this morning, after we boiled the kettle, and switched on the computer, and go to work or not,
how did Barclays, Llloyds or anybody else really effect our lives?
Do we all have our Health & a pretty easy life for a 40 hour working week in the UK?
Posted 29 June 2012 - 07:34
Posted 29 June 2012 - 09:41
Should UK law be changed so that the miscreants are treated in the same way as drug-dealers
James Gordon Brown, you have pleaded ignorant to the charges brought by this post and it is now my duty to pass sentence. You are an habitual spendthrift who accepts maxing out the country's borrowing as an occupational hazard and presumably accepts saddling the British public with crippling debt in the same casual manner. We therefore feel constrained to commit you to the maximum term allowed for these offences-you will go to prison for five years.
Posted 29 June 2012 - 10:14
Well hang-on now. Because of higher incomes, a whole new tranche of first-time victims (Sorry, customers) have been exposed to the wonderful World of Financial Services just at the time when truly independent sources of consumer financial advuce are drying-up - All the so-called Indeoendent Financial Advisors created by big-bang in 1988 are in-effect all tied to the range if products they have expertise in, central government advice is no longer available (No department if trade, and if you phone uo the FSA you'll never live long enough to get decent advice ) and cut-backs in local government spending mean that the local trading standards are not interested in individual cases unless it fits one of their on-going agendas or has potential to expotentially upwardly shift someone's career. So you are left with a severely trimmed-back Citiizen's Advice service or BBC Watchdog . . . .
So. In the current and recent oast environment, it isn't and hasn't been possible to exercise effective aveat emptor.
Anyway, this is all now in FS terms ancient history and is probably being offered-up now as a further distraction (Olympics and Jubilee being the main ones) to the the next on-coming cash bonanza for the City the privatisation of the £150 billion plus Health Service, which, according to the statutory timetable laid out in the Health and Social Care Bill, will take-off with a vengeance in April next year -Dave's already shaping-up the hospital service by using the prospect of the transfer of NHS buying powers to GPs as a carrot to get them to reduce referrals. This has the effect of making it look like the recently capped current service provision of the Hospital Service can cope with the potential demand, which of course it can't.. So in a fully-priced environment, what happens when demand exceeds supply ?
Edited by Clunkclick, 29 June 2012 - 10:18.
Posted 29 June 2012 - 10:57
But that's the sacrificial lamb line that the establishment always take, from Nick Leeson onwards. Now meet the "Come death".
And of course, during his illustrious term so far Dave has taken such a positive lead in challenging the underlying cause - the unsupportable and unjustifiable (At the consumer level) expansion of lines of credit.
There's only been one GB, for short-time, but like the poor, city traders are always with us.
Greatest good principle.
Edited by Clunkclick, 29 June 2012 - 10:59.
Posted 29 June 2012 - 11:03
Posted 29 June 2012 - 11:29
Picture the scene. The City trader pitches up to work on a Monday morning, already armed with a price manipulation trading strategy, which has been agreed on a back channel over the weekend with his opposite number in a competitor organisation. And just as he is going to push the button on the console to complete the first trade of the morning, the social worker, who is sitting immediately behind him, gets up and puts her hand on his shoulder and says "Now Jonno, do you really want to do that. Remember what we were talking about last week - you are on the "At risk" register " . .. .
Posted 29 June 2012 - 11:45
Do you earn £10 and hour or £20 or £30 or £50.
How much of your wage did you give them?
This week if you worked 39- 60 hours already, how good a life did you get for that, a nice house & life style,
or where you made redundant?
This country & banking is Pyramid Banking.
Its going to crash sooner rather than later.
Very very few in the UK actually produce enough day to day for our life styles in the UK.
Or do enough actual work to support workers.
7 days a week and of that 2 days are the working week.
In the other 5 days, how much self growing or working the land does anyone do?
Very few sweat in a day to actually produce what the country needs,
& not many wake up hungry and cold and thirsty and go to bed hungry cold and thirsty.
If they work a little they certainly do not need to.
Food & Water, Clothes and heating is what we need each day as a minimum.
Only Farmers & farm workers and Untility workers produce that then everyone else is support industries or hangers on and
Bankers used to bank for Farmers and merchants and they started the Industrial Revolution.
Banker worked to keep and invest money and goods and products or produce for workers.
10% was enough to cream off, they got greedy and forgot they dont actually have to work, just deal in figures.
If you do not have to wake up and gather food off the ground or walk to get drinking water,
then why bother about what everyone else has.
Close your bank accounts and deal in barter and see how long you survive.
Edited by sk4gw, 29 June 2012 - 11:55.
Posted 29 June 2012 - 12:20
10 Spend lots of money till you run out.
20 Ask your own banks for more money
30 Spend that until the banks run out
40 Give money to banks by making them buy government bonds
50 GOTO 20
What could possibly go wrong?
Posted 29 June 2012 - 12:21
Money thats hijacked out of the main UK economy for use as a trading medium ( As opposed to investment in productive output) by the city of London is removed from access by the rest of the economy. Therefore economic outout and growth in the main economy is diminished. And when you consuder that 95% of the trades that take place in the City are for the exclusive benefit of the traders and do nothing for the rest of the economy, then the rest of us bear this cost as an unnecessary uplift to all the prices which the rest of us oay.
So the grandma in the Balls Pond Road living in poverty pays an extra twopence on a tin of catfood fir tiddles which has nothing to do with the ciost of production of cat food and everything to do with supporting the Bolli swilling, coke sniffing excesses of some Essex lout and his ex Brigade of Guards boss.
I'd say that the current way the City of London operates adversely effects everybidy in the UK. It restricts output and promotes inflation.
I'll refrain from quoting my Essex pie analogy at this stage (Replacement for Mrs Thatchers national cake parable).
I don't think the argument that because I'm not a victim of child abuse (Or, more correctly, can't ascertain its direct effects on me ) I shouldn't be concened with it as a social /economic wrong holds much water.
Edited by Clunkclick, 29 June 2012 - 12:41.
Posted 29 June 2012 - 12:34
How much more do you put into the kitty than you need too?
Did you do enough work from 12 years old to have feed yourself and your family,
enough to build your home & your vehicles etc.
How worn to the finger bones , how many blisters and arthritis etc.
If you had to actually work in a community to have what you have, would you have all you do?
If you work as hard as our Grand Parents did,
then moan all you like.
There are lots of greedy and lazy barstewards about,
and i am one of them.
Forget just looking at Yachting, Car Collector, Motorhome magazines, go to an Airport any airport and see the cars sitting there.
This country has People on Forums & on the TV moaning and people living the high life working or travelling.
Austerity is only for those that do not have IMHO.
Posted 29 June 2012 - 12:46
Luv the approach that activity unnecessary for life support s an excuse for economic exchange.
Edited by Clunkclick, 29 June 2012 - 13:04.
Posted 29 June 2012 - 21:45
The top boss should be fired and all of those responsible for internal policing of the rules at the bank given a right good kicking at the least, with most out of employment.
Any new regulators, should also have people from outside of banking, so that they can ask the "stupid" questions, such as isn't that fraud?
As for the banks themselves, should they refuse to do the right thing, then there should be a full investigation carried out in the public light, with all records available to the press. The outcome should include the option to withdraw the banking licence for the company.
We might "need" the banks, but they need to be able to do business more than we need them.
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