Reply to: Fred Goodwin Loses Knighthood

[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.

[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.

[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

[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.

[Jeff Maginty]

..

[lilelvis2000]

Who cares? The Honours system is a joke. In this years honours a tory supporter who got millions for sorting out Northern Rock got an honour. Was that for "Services to Banking" as well? Its a farce.

[TimberWolf]

You've all been taken in. All Fred has lost is a useless gong that he should never have received in the first place, but has kept the loot. The elites are pissing all over the gullible masses with a simple gesture that rectifies things in the public eyes, and with the media treating this 'punishment' as if it he had been waterboarded or something, and you lot can't lap it up fast enough.

[BrilloPad]

What law is he charged with breaking?

He upset the baying mob. Luckily for other bankers he has acted as a lightning rod for banker criticism.

[AtW]

HMRC have reported record collections for self assessment this year.

They f***ing would when they ask to pay taxes up front before FY is even over, "payment on account" ffs - it's not like I am ordering some services from them

[Doggy Styles]

The guy should in prison for a very long time, think of all the problems caused by the bailout of the banks. If I was him I would be doing a Gary Speed, can't be much fun being the most hated person in the UK

What law is he charged with breaking?

[scooterscot]

The guy should in prison for a very long time, think of all the problems caused by the bailout of the banks. If I was him I would be doing a Gary Speed, can't be much fun being the most hated person in the UK

I wouldn't worry about it, the loss is only temporary for the HM government as their coffers are currently being charged up. HMRC have reported record collections for self assessment this year.

HTH,

sasguru

[russell]

The guy should in prison for a very long time, think of all the problems caused by the bailout of the banks. If I was him I would be doing a Gary Speed, can't be much fun being the most hated person in the UK

[scooterscot]

This one needs some airing...

I worked with Tim a couple of jobs ago. The resemblance is scary.

[scooterscot]

Once you start trying and penalising people by "the court of public opinion", as one Labour ex-minister advocated, you are on a slippery slope.

Agreed. We may as well hang a banner on the cliffs of Dover 'Government for hire'

This time next year we'll have gladiators fighting to the death in the olympic stadium with the PM friends laughing from the private box as a freshly decapitated head flies past. Or have I taken that to far?

[BrilloPad]

Now that he's potentially losing his place in the sprint team, will the committee be stripping Sir Chris Hoy of his knighthood?

David Jason stripped of OBE in backlash against ‘Royal Bodyguard’