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RBS squeezed struggling businesses to boost profits, leak reveals
Comments
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Couldn't agree more. But this is the public sector, so here is a complete list of the names of all the regulators who lost their jobs for negligence in not regulating the banks properly before 2008:
So that's all right then.0 -
westernpromise wrote: »Couldn't agree more. But this is the public sector, so here is a complete list of the names of all the regulators who lost their jobs for negligence in not regulating the banks properly before 2008:
So that's all right then.
Nicely and very accurately put IMHO! :T
As is pretty well typical in the public sector, the fools & incompetents are largely sidelined elsewhere, or indeed promoted elsewhere, whilst still maintaining their fat, largely taxpayer funded, 100% inflation index linked for life, salary based pensions!
There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
westernpromise wrote: »It wasn't taxpayer owned before 2008, at which time the practice was already in place, according to the OP.
How many of Brown's "mates" got prosecuted after the GFC?
Some lost peerages, others banned from being as a director or working in the City for life. No one lost their pension rights or repaid any of their excessive remuneration.
Too much interconnection to break it wide open.0 -
westernpromise wrote: »It wasn't taxpayer owned before 2008, at which time the practice was already in place, according to the OP.
The article linked to in the OP states that the group ran from 2007 until at least 2012. That's a lot of years of shady practice under public ownership. Shoddy, very shoddy. Considering they claim it wasn't run as a profit centre, it made a huge profit of £1.2bn in 2011 alone.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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The trouble with regulation at this level is the lobbying from the large business that goes on.
We've sene lobbying in action time and time again where it ends up in everyones in interests (business and government) to turn a blind eye.0
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