Fred Goodwin Loses Knighthood

[Jeff Maginty]

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[Doggy Styles]

All bankers should be continually criticised until every penny of taxpayers' bailout money has been paid back with interest (at the kind of rate banks charge for commercial loans, not the measly percentage the banks pay on savings accounts). The entire industry is in disgrace.

All the people bleating about "banker bashing" - grow up! It must be so hard being stripped of a knighthood and only having a HUGE PENSION to fall back on.

The irony.

[DodgyAgent]

All bankers should be continually criticised until every penny of taxpayers' bailout money has been paid back with interest (at the kind of rate banks charge for commercial loans, not the measly percentage the banks pay on savings accounts). The entire industry is in disgrace.

All the people bleating about "banker bashing" - grow up! It must be so hard being stripped of a knighthood and only having a HUGE PENSION to fall back on.

Pi** off back to your £25k a year permie job loser

[Arturo Bassick]

What bugs me is the fact that so many "Lords" have been to prison for any number of offences yet retain their titles. Fred has not broken the law in any way yet he has his revoked.

It seems to be a sop to public opinion, a populist move to garner support.

[Doggy Styles]

Banking regulations were botched and Fred Goodwin was knighted for the same reason - because politicians at the time didn't have much of a clue about the real world of finance. There's little to suggest they know any more now than they did then. Cameron and Milliband's posturing will have a net cost to the UK financial services industry, which we cannot afford.

For example, public opinion cost Stephen Hester his (circa) £1 million bonus. As I understand it he is very able, was hired to run RBS in difficult circumstances, and he is doing very well.

So next time a bank is looking for a chief executive, the best candidates might say "I'm not doing a job where the public are whipped up by the socialist party to force me to forego my contracted earnings." Then the bank will end up with someone like Fred Goodwin.