Interrogating the bankers

SGE1

Cannon_Fodder wrote: »

Its called Leadership.

If our Govt had not spent the last 10 years spinning all their excuses for failure/dishonesty/incompetence, maybe, just maybe, the Fat Cats would be pilloried more, for being out of line with "the standards of the day";

In reality, today, after years of example being given by our Leadership, it is expected that people obfuscate.

My goodness, you're actually suggesting that doe-eyed banking directors are copying politicians and using them as some sort of role models?

Obviously. It has nothing to do with the fact that they don't want to admit that they're wrong. It's only to do with the precendent that politicians have set.

Talk about not being able to see the wood from the trees...

Cannon_Fodder

SGE1 wrote: »

My goodness, you're actually suggesting that doe-eyed banking directors are copying politicians and using them as some sort of role models?

Obviously. It has nothing to do with the fact that they don't want to admit that they're wrong. It's only to do with the precendent that politicians have set.

Talk about not being able to see the wood from the trees...

Of course the bankers want to avoid too much blame.

But, having set the precedent and cynically manipulated it for years, thereby making the populace cynical, it is the politicians who have set the standard, bar, marker, whatever, of what is acceptable in public life, giving the bankers the freedom to behave according to "the standards of the times". And the bankers would be stupid not to take advantage of that leeway, that imo should not be there.

I am bemoaning the absence of standards, in all walks, is the short version.

Gangstabird

I have it on at the moment, it sounds terribly serious. I also have Makka Pakka on, thats quite fun too!

bo_drinker

Rochdale_Pioneers wrote: »

Am listening to it on 5 Live. To listen to the bankers its not their fault.....

Of course it's not their fault, they are educated people. They can't do a thing wrong. Will the recession make a jot of difference to them?

steadysaver

The banks are sorry, oh well thats fair enough then

Zagu

Sounded completely pointless from what I heard. The bankers are just being publicly humiliated, not that I particularly mind, but I don't think that any fundamental flaw will be revealed because of this.

21st century stocks.

kaflinkle

It's over now and not a complete waste of time. A bit of point scoring by politicians and an interesting comment by the ex-RBS big wig Sir Losealot that buying ABN was a big mistake which isn't a surprise to anyone.

All in all, they don't think they've done anything wrong.

The apologies at the beginning were cringeworthy....

Rochdale_Pioneers

Cannon_Fodder wrote: »

Its called Leadership.

If our Govt had not spent the last 10 years spinning all their excuses for failure/dishonesty/incompetence, maybe, just maybe, the Fat Cats would be pilloried more, for being out of line with "the standards of the day";

In reality, today, after years of example being given by our Leadership, it is expected that people obfuscate.

Well thank God that the Tories have spent the last 10 years calling for an end to the bonus culture which drove the banks excesses and risk taking. Had we listened to the Tories when in their last 3 manifestoes they demanded a reeling in of both executive remuneration and a cap on the profits being generated by the city, then this whole international storm of poo would have passed us by.

I look forward to Chancellor Osborne imposing £500k salary caps on bankers, banning banks from borrowing more cash than they have in their safe and other good solid Conservative policies.

chris_spackman

Rochdale_Pioneers wrote: »

Well thank God that the Tories have spent the last 10 years calling for an end to the bonus culture which drove the banks excesses and risk taking. Had we listened to the Tories when in their last 3 manifestoes they demanded a reeling in of both executive remuneration and a cap on the profits being generated by the city, then this whole international storm of poo would have passed us by.

I look forward to Chancellor Osborne imposing £500k salary caps on bankers, banning banks from borrowing more cash than they have in their safe and other good solid Conservative policies.

Well said.

Did you hear the question put to one of them by an MP, the question was ' what banking qualifications do you have' to which the reply was' none'

dealsearcher

Well said? Here we go again. Labour have been in power for alomst 12 years and yet it is still all the Tories fault. Come on!