Anti Fat Cat Bank CEOs? Let's go! & teach them a lesson!

Rjohnmatt

BarclaysManager wrote: »

No, morality is not "innate." It's created and influenced by numerous different sources. That's why you'll find it considered to be "acceptable" and "just" to remove fingers for theft in some countries, but it is repulsive to our ideals here.

And again, you are having an emotional response to a business issue. There is no "greed" in investment banking. It is a lifeless process, it can't be greedy. And as said previously, you cannot judge somebody to be greedy without knowing them personally.

Also, I am pleased that so many people feel the same way as you. Customers moving their business creates competition, which is good for business.

But you're a fool if you think that people are going to walk away and ignore a higher savings rate when given the chance. They'll switch back just as fast - that's what competition, and the free market, is all about. Your comments would seemingly imply that there's a mass exodus away from the major high street banks. I'm sure you must take great comfort in the figures confirming this - oh wait, you can't, because no such figures exist.

When one looks at a discussion on an internet forum such as this one, its patently obvious which responses arise out of emotion + minimal knowledge and which ones are knowledgeable and dont stoop to argue with arguably just about anyone who has access to a computer and an internet connection,for that is the only criteria that dictates whether anyone can post literally anything on an internet fora such as this!

I think BarclaysManager, you are at a big disadvantage here, first the fact that you have a job,you may notice that most people who spout babble , often dont have anything better to do , and in probability have never held down a job for more than a very short period of time!

What is it that prevents anyone with an internet connection that costs a few quid a month to sit and rant on any internet fora such as these- certainly not the paucity of time!

Often its the presence of a little knowledge thats more dangerous than its absolute lack!

Look at the number of posts that some people have on here and it would be obvious that they havent done anything productive for a while!

If I were you ,I really wouldnt waste my energy even defending your stand ,despite the fact that I know that you are atleast partly right!

Francis63 wrote: »

You sound so pompous! You know exactly what I'm talking about and I'm not going to waste my time writing you an essay!
I'd like YOU to explain to ME why bank bosses are rewarding themselves (cash OR OTHER incentives) for failure, thank you!

And Francis63, before you start demanding explanations from others, would you like to atleast qualify your arguments with more substance and try and avoid getting too emotional and hot under the collar!

storminbalder

BarclaysManager wrote: »

But you're a fool if you think that people are going to walk away and ignore a higher savings rate when given the chance. They'll switch back just as fast - that's what competition, and the free market, is all about. Your comments would seemingly imply that there's a mass exodus away from the major high street banks. I'm sure you must take great comfort in the figures confirming this - oh wait, you can't, because no such figures exist.

I am so glad that not everyone is as morally bankrupt as yourself. I really do pity you and all your kind.

Francis63

Rjohnmatt wrote: »

What is it that prevents anyone with an internet connection that costs a few quid a month to sit and rant on any internet fora such as these- certainly not the paucity of time!

For your information, I have a job, I have never been out of work. I work part-time (one month on and one month off) out of choice because I can afford to. Money is actually no object to me. I live frugally though because I choose to spend my money wisely.

The one thing that matters to me is to help make the world a better place in whatever tiny way I can.

I appreciate Barclaysmanager taking the time to put his point accross and understand what he's saying, but don't agree with much of it. Not because I am one step behind, but because I am one step ahead in a direction that he has no desire to go.

I am no hippy, but I don't buy all the excuses for greed and I can afford to move my money elsewhere. I am certainly not the only one who feels this way, thank goodness.

Barclays is not a bad bank compared to some of the other high street banks, but the interest rates are generally poor and the customer service not great. There are less greedy banks that are more ethical AND with better rates.

storminbalder

Francis63 wrote: »

For your information, I have a job, I have never been out of work. I work part-time (one month on and one month off) out of choice because I can afford to. Money is actually no object to me. I live frugally though because I choose to spend my money wisely.

The one thing that matters to me is to help make the world a better place in whatever tiny way I can.

I appreciate Barclaysmanager taking the time to put his point accross and understand what he's saying, but don't agree with much of it. Not because I am one step behind, but because I am one step ahead in a direction that he has no desire to go.

I am no hippy, but I don't buy all the excuses for greed and I can afford to move my money elsewhere. I am certainly not the only one who feels this way, thank goodness.

Barclays is not a bad bank compared to some of the other high street banks, but the interest rates are generally poor and the customer service not great. There are less greedy banks that are more ethical AND with better rates.

That's what I meant to say haha. Beautifully put. I'm not too sure about Barclays though. I don't seem to remember them exactly covering themselves with glory in South Africa during the Apartheid years.

Extant

storminbalder wrote: »

That's what I meant to say haha. Beautifully put. I'm not too sure about Barclays though. I don't seem to remember them exactly covering themselves with glory in South Africa during the Apartheid years.

I bet you're still bitter about Germans and the war.

Barclays in the 1980s is not the Barclays of today, and you won't find any policy making staff from that period anymore.

Extant

Francis63 wrote: »

I appreciate Barclaysmanager taking the time to put his point accross and understand what he's saying, but don't agree with much of it. Not because I am one step behind, but because I am one step ahead in a direction that he has no desire to go.

How very "pious" of you. Since you've been unable to justify your claims or give any sort of real argument, you resort to ad hominem.

Extant

Rjohnmatt wrote: »

If I were you ,I really wouldnt waste my energy even defending your stand ,despite the fact that I know that you are atleast partly right!

I'm a big fan of personal freedoms.

Besides, I know I'm not going to change their opinions, and they're not going to change mine. But I still enjoy talking about it, and putting my viewpoint across.

I just hope I don't come across as being so irrationally emotional about the subject.

worldwheeler

BarclaysManager;16254753]Take the current situation as an example:

1. Interest rates get dropped due to a recession.
2. Lower interest rates means more people borrow more money.
3. More money being borrowed makes people go out to invest it.
4. As there is more money for investment than there are "good" investment opportunities, people increasingly invest in lesser investments.
5. These investments fail. An example of this is the mortgage backed bonds that we're currently seeing.
6. As the investments fail, debt is not repaid to banks.
7. Banks stopped lending money.
8. Credit crunch/recession happens.
9. Central bank panics, cuts interest rates to try and avoid recession.
10. See step 1.

So it's down to credit or money availability.Who controls the supply of credit?

SparciaM

My £1500pm 'incentive' was debt management. It was just to hit targets. We could do whatever we wanted, cancel cards, DDs, SOs, freeze accounts to get the customer to pay their loan/OD etc. People used tactics of threatening court, repossesions, freezing money etc. I only lasted 9 months as I was too nice (my manager told me) and I had to be more forceful and rude to the customers. At end of day, I stupidly took the job thinking I was helping, but it was all about reducing the debt for Barclays by whatever means neccessary.

Thankfully, as I could talk and give a service I managed to hit targets for 6 months in a row and had a nice lump sum of 'incentive' payments to allow me to quit and find something better.

ahai1

Thanks for been honest. It is rare in the banking sector.