Is there anything banks havn't missold?

gadgetmind

He said the N word yet again. How many times does he want to lose this argument?

gadgetmind

cepheus wrote: »

UK government announces ten-year sentences for benefit fraud

I doubt the prisons are large enough.

As for the rest of the article, I tuned out once their socialist drivel descended to woffling on about "class injustice" but a quick search shows that at least they didn't mention the Nazis.

gadgetmind

Here is how socialists run a bank.

http://coppolacomment.blogspot.in/2013/09/stand-by-your-bank.html

Lots of pensions and members own those prefs and PIBs but the co-op seem to want to burn them and walk away. This could be the first time in this crisis that non-equity investors of a UK bank have their life savings wiped out.

Ark_Welder

gadgetmind wrote: »

He said the N word yet again. How many times does he want to lose this argument?

The argument is the least of his worries. It's the plot that matters...

atush

geez Louise, is this drivel still going on?

John1993_2

cepheus wrote: »

A list of crimes for the Bank apologists to read

I suspect that this wil go over you head but...

You've a picture of a rather mangy dog in your avatar, have you been a dog owner? Are you ashamed of having been?

Suppose I post a list of crimes committed by dog owners, or of children killed by dogs, would that make you ashamed?

If not, why not? Would you accept that these crimes suggest that all dog owners are irresponsible council estate dwelling chavs?

Again, if not, why not?

You are picking a handful of reported events amongst the many millions of people who work in finance, as Ana tempt to smear the industry, and it's pathetic.

cepheus

81% of the electorate believe banks are badly run. Every time anyone posts another ill thought out apology for the banks on here it emphasises how out of touch with reality a particular part of society and in particular this forum has become. It also demonstrates the need for posters to declare vested interests.

This attitude as well as being obstinate, undermines Martins Lewis' efforts and MSE in bringing the financial industry to answer for their illegal activities. They should be thoroughly ashamed of themselves.

ColdIron

Well I think cepheus comes across as very level and balanced, he seems to have a chip on both of his shoulders

grey_gym_sock

gadgetmind wrote: »

He said the N word yet again. How many times does he want to lose this argument?

how many times are you going to misapply godwin's law?

listing bad things that banks have done is too unfocused. because not all are current issues. and because you could compile similar lists for other sectors. and (perhaps most importantly) because there's no overall solution to such a diverse range of issues.

there are some more specific on-going issues, for which it does makes sense to discuss possible solutions. e.g.

1) excessive risk taking. when it goes well, the top executives and traders win. when it goes badly, there's a bailout and the whole country loses.

2) banks and top executives are treated as virtually above the law. a real issue, but not unique to banks - it applies to big companies generally. (and the same goes for excessive influence over governments; which is related.)

3) debate over full-reserve vs fractional reserve banking.

4) money laundering.

and there are more ...

setting aside practical proposals for a minute, and focusing on moral condemnation, i don't think anybody has been condemning everybody who's ever worked for a bank. responsibility is mostly at or near the top. but again, you need to be specific about who you're blaming for what.

grey_gym_sock

gadgetmind wrote: »

Here is how socialists run a bank.

indistinguishably from tories?

we could argue over whether co-op bank is really run by socialists - but it wouldn't make much difference. if it is, then we've now seen banks mismanaged by both right- and left-wingers. if not, then we've only seen them mismanaged by the same class of managers. there is certainly very little difference between the backgrounds of the management of co-op and other banks.