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Hopefully Ed Balls is screwed - Diamond vs Select cttee

PaulF81
Posts: 1,727 Forumite
Turns out that there may have been complicity with the BOE and Barclays into the rigging of LIBOR. The telegraph has described "Senior Treasury Officials" Being involved.
Ed Balls was playing the typical holier than thou in the commons the other day, which is typical of snake-like ministers with blood on their hands.
I just hope that this takes him down. How anyone could vote for a man that is pretty much a snake with 2 arms and legs is beyond me. He sweats pure careerist, Machiavellian evil and deserves his comeuppance if they prove a link between him and rigged LIBOR :beer:
Ed Balls was playing the typical holier than thou in the commons the other day, which is typical of snake-like ministers with blood on their hands.
I just hope that this takes him down. How anyone could vote for a man that is pretty much a snake with 2 arms and legs is beyond me. He sweats pure careerist, Machiavellian evil and deserves his comeuppance if they prove a link between him and rigged LIBOR :beer:

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Whatever the consequences for poor old Mr Ed, I shall be glued to the telly from 2pm today to watch Bob Diamond give his evidence. Could be the best entertainment all week.
However I am prepared for a disappointment - the email shown on Sky News, a note of Bob's telecon with the deputy governor, was clearly (to me) not the BoE being complicit in the rate fixing, but the BoE telling Barclays to desist in the strongest possible terms. According to Bob's note the deputy told him "you don't need advice from me to tell you how to set the rate..." - powerful stuff.0 -
Whatever the consequences for poor old Mr Ed, I shall be glued to the telly from 2pm today to watch Bob Diamond give his evidence. Could be the best entertainment all week.
Me too! For anyone who's interested, it's being carried live on Sky News and by the look of it CNBC. Haven't heard whether the beeb is carrying it and its not showing on their planner, but I would imagine it will be on BBC News channel. It won't be on the main two, they are showing Wimbledon.
I may have to bring in the popcorn for this one.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Tough call between tennis and Bob diamond!0
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Tough call between tennis and Bob diamond!
And there's a good chance that both of them will lead to a need for new balls!Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Barclays insiders are suggesting the BOE and senior ministers were well aware and urging this behaviour. :undecided
Presumably Balls would be one of them, though it may have been higher up. Darling / Brown?0 -
Saw this as well:
What a shocking statement if it is true and it just goes to show what an appalling person Ed Balls is.
Argh, Link doesn't work but it was basically balls saying in an interview with ITV that Labour could have been involved but it certainly wasn't anyone from the Department for Children or him (!).0 -
If Balls is implicated in this I will laugh and laugh til I'm sick and then laugh some more.They are an EYESORES!!!!0
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Graham_Devon wrote: »Barclays insiders are suggesting the BOE and senior ministers were well aware and urging this behaviour. :undecided
Presumably Balls would be one of them, though it may have been higher up. Darling / Brown?
What I am finding rather surprising is that Barclays have just been landed with a massive fine and yet the 'Barclays insiders' (code for made up quote) didn't think to mention this to the FSA at the time.
I know if I was looking at the the thick end of a £300m fine I'd be saying, in my defence, that I was acting on the instructions of the BoE, Ed Balls, Gordon Brown, Tony Blair, Harold Wilson et al.
If the best they can do is the memo written by Bob Diamond about the contact from Paul Tucker in which Diamond himself is saying there was no pressure to fiddle rates I can't help thinking there's no evidence going to come to light this afternoon.
I'm expecting more questions to be raised via deflecting insinuation than questions answered.0 -
What I am finding rather surprising is that Barclays have just been landed with a massive fine and yet the 'Barclays insiders' (code for made up quote) didn't think to mention this to the FSA at the time.
I know if I was looking at the the thick end of a £300m fine I'd be saying, in my defence, that I was acting on the instructions of the BoE, Ed Balls, Gordon Brown, Tony Blair, Harold Wilson et al.
If the best they can do is the memo written by Bob Diamond about the contact from Paul Tucker in which Diamond himself is saying there was no pressure to fiddle rates I can't help thinking there's no evidence going to come to light this afternoon.
I'm expecting more questions to be raised via deflecting insinuation than questions answered.
Suppose a code has been broken between the bankers and the politicians, so now it's all out war. Presumably Diamond etc expected to have the government on their side.
What's more surprising to me is that the FSA gave a lower fine for Barclays co-operating with them. Now, yet again, the FSA look stupid as once again, theres a load of stuff missed.0 -
For anyone who wants to know a bit more about the make up of the committee:
http://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/membership/Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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