Originally posted by DimPrawn
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Reply to: It was the bankers fault
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Previously on "It was the bankers fault"
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Originally posted by WTFH View PostJail.
They create money out of thin air and charge you labour for it, let them rot.
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Originally posted by OwlHoot View PostSigh, here we go again! Each time anyone mentions bankers, up pipe all the chippy plebs shrieking about prosecutions and lamp posts.
If prior to 2008 in opening a building society savings account you would have chosen one with the highest interest rate then you're as bad as bankers.
Since practically everyone would choose a savings account with the best rate of interest, all things being equal, we're all as bad as bankers, just not nearly as successful (which of course is the real gripe).
Envy is the besetting sin of this country. Our national anthem should start "Who do they Think They Are?"
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Originally posted by OwlHoot View PostSigh, here we go again! Each time anyone mentions bankers, up pipe all the chippy plebs shrieking about prosecutions and lamp posts.
If prior to 2008 in opening a building society savings account you would have chosen one with the highest interest rate then you're as bad as bankers.
Since practically everyone would choose a savings account with the best rate of interest, all things being equal, we're all as bad as bankers, just not nearly as successful (which of course is the real gripe).
Envy is the besetting sin of this country. Our nationaal anthem should start "Who do they Think They Are?"
I thought this was good: http://www.telegraph.co.uk/finance/c...edibility.htmlLast edited by Zero Liability; 20 November 2015, 08:31.
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Sigh, here we go again! Each time anyone mentions bankers, up pipe all the chippy plebs shrieking about prosecutions and lamp posts.
If prior to 2008 in opening a building society savings account you would have chosen one with the highest interest rate then you're as bad as bankers.
Since practically everyone would choose a savings account with the best rate of interest, all things being equal, we're all as bad as bankers, just not nearly as successful (which of course is the real gripe).
Envy is the besetting sin of this country. Our nationaal anthem should start "Who do they Think They Are?"
Leave a comment:
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Originally posted by BrilloPad View PostThe report says that when the then regulator, the FSA, investigated HBOS, it relied too much on the bank's senior management.
It said the FSA's supervisory framework:
•Had inadequate resources devoted to big banks
•Was too trusting of senior management
•Had a risk assessment process that was too reactive
Overall it said the FSA's approach was "deficient".
HBOS report: 10 executives could face ban - BBC News
So basically FCA want more money?
I think they've switched to stupidity/carelessness as a defence for their own role in the whole affair. The 'deficiency' in the whole thing was that the incentive structure put in place by governments for banks encourages recklessness, whilst it benefits them. When it stops benefiting them, eg during a 'crisis', then you get all the 'critical self examination', promises to 'get tough' etc, whilst the banks still largely operate in a similar way, with useless band aid fixes put in place to pretend the problem is under control.
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They are no different to highly organised criminal gangs robbing people of their life savings. They should be treated as such.
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Originally posted by BigRed View PostThey should jail them, not ban them. They have cost the taxpayers billions just to prop up their bonusesOriginally posted by AtW View Post+1000000000000
Very long jail sentence and confiscation order for all property is in order surely.
Jail & fine.
They live for money, take it from them
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it relied too much on the bank's senior management.
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They should jail them, not ban them. They have cost the taxpayers billions just to prop up their bonuses
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The report says that when the then regulator, the FSA, investigated HBOS, it relied too much on the bank's senior management.
It said the FSA's supervisory framework:
•Had inadequate resources devoted to big banks
•Was too trusting of senior management
•Had a risk assessment process that was too reactive
Overall it said the FSA's approach was "deficient".
HBOS report: 10 executives could face ban - BBC News
So basically FCA want more money?
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Greedy bankers being patted on the back by FSA for their awe inspiring hubris and risk taking. They were the gamblers and the casino, so they couldn't lose.
Of course they all got their comeuppance in the end.......£100m bonuses and free use of company super yacht for life.
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It was the bankers fault
FCA reporting the full gory details of HBoS collapse here:
FCA and PRA review into the failure of HBOS Group - Financial Conduct AuthorityTags: None
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