Originally posted by SandyDown
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That's not very nice of you. If you engage in a discussion you should have at least some decency to read what your opponents say and then try argue sensibly about it. You have a very low discussion culture - that's what got you on my ignore list in the first place. -
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Shareholders are not making decisions - executive management (who in some cases might also be shareholders) does. It is them who would go to jail for such decisions rather than shareholders who only risk their capital.Originally posted by SandyDown View Post
As I said - if I was running Lehman (UK) I would not have allowed this systemic risk to occur, certainly not in the period of market turbulence - at the very least they should have written in contract that such money infusion stops in event of markets being unsettled or any notion of main bank being bankrupt or in troubles. That's sensible bank management that clearly was lacking in the City. No doubt all they gave a tulip about is the money they make overnight, probably not a lot but it was "free" money innit?Comment
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Good girl. I'll have a tea with milk but without sugar and Po-210.Originally posted by SandyDown View Postsorry AtW, I got work to do
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I say WTF????Originally posted by AtW View Post
Sorry but you really really don't know what you are talking about... I may not be able to make the decision, my boss does, but I can easily apply some influence ...Comment
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Shareholders can't make executive decisions - this is the priviledge of the executive team. Shareholders can use their votes to elect the team, however they can't (unless they are on the executive team) make such decisions.Originally posted by SandyDown View Post
It was legal duty of the people who actually run the bank to oppose crazy ideas that may have been suggested by the shareholders, because it would be the executive team who'd be liable for the decisions they have to make.
There will be a lot of lawsuits related to LB case - it is bigger case than Enron and it seems that Enron were just amateurs.
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It is obvious Sandy that you can't stand up to your boss if that's necessary. Now where is my tea?Comment
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Looks like you got your wish atw.
No more investment banks.Bored.Comment
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"I hope Celtic realise that, if their team is good enough, they will win. If they're not good enough, they'll not win - and they can't look at anybody else, whether it is referees or any other influence." - Walter Smith
On them! On them! They fail!Comment
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Something about an AtW cut and paste post, with the bold and the comments (Seriously, no one gives a toss on reading your commentary), that turns a topical and interesting subject and makes it incredibly dull.
Give it a rest, go out and feed the squirrels or something ffs.Hang on - there is actually a place called Cheddar?? - cailin maith
Any forum is a collection of assorted weirdos, cranks and pervs - Board Game Geek
That will be a simply fab time to catch up for a beer. - Tay
Have you ever seen somebody lick the chutney spoon in an Indian Restaurant and put it back ? - CyberghoulComment
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Actually it was just before, on the Monday. This is a bank, KFW, of which 100% is basically paid for / owned by the taxpayer who will have to stump up the bill. The directors have been suspended and what got me, a non-executive director knew what was happening with Lehman yet the banks director of risk management didn't, what a complete knobhead and shouldn't be allowed anywhere near a bank again.Originally posted by AtW View PostThis is worse than some bank in Germany that sent 300 mln euros by mistake to Lehman few hours after bankrupcy was announced
Just how exactly they manage risks with this sort of money? Not very well clearly.
“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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