Reply to: Sign on you crazy Diamond

[AtW]

This whole debacle has shown that the FSA is not "fit for purpose".

It is actually very much fit for purpose but that purpose is to cover banks...

[Mich the Tester]

You wanna repeat that boy?

What is it about Americans that means they instantly look like idiots when given a cricket bat?

And why is this man unable to tie his tie to the right length? Has he had no upbringing?

[Old Hack]

This whole debacle has shown that the FSA is not "fit for purpose".

We could apply that in a lot of areas Captain Ginge.

[SupremeSpod]

This whole debacle has shown that the FSA is not "fit for purpose".

[AtW]

Deputy Governer of the Bank of England is not a political or government role. You need to recheck your "Immigrants Guide to Britain" handbook on this one.

Which part of "senior people in Whitehall" in 2008 you don't get?

The Gov of BoE is a puppet in hands of the Treasury.

[Alf W]

Looks like your Nu Liebor whitehall inhabitants at the time coerced Barclays into doing it - I sincerely hope their identities will become known soon!

I say - put 'em in the same cell and whoever walks out alive earns his freedom

Deputy Governer of the Bank of England is not a political or government role. You need to recheck your "Immigrants Guide to Britain" handbook on this one.

I'm starting to wonder how big a deal this LIBOR reporting thing was. Surely all the banks and investment houses know that the numbers were self certificated and open to abuse. So did the Treasury and BoE and Joe Public never saw the figures and wouldn't have known how to interpret them so what's the damage?

I think I advocated removing Americans from the British banking system a few days ago. Seems a few people in high places read these boards and are taking my advice on board.

[AtW]

The fact is that they didn't do it, they had no plans to do so

Maybe, maybe.

and now have plans to put it back together again.

Now that's utter tulip - they have no plan.

They follow path started by Liebor and will most likely blame them and LibDems, but the truth is Conservative Govt has no ideas, no will, no vision and no future.

[Doggy Styles]

Same tulip would have happened under Cons also.

Politicians would do anything to stay in power.

Well it wouldn't really, that's just a throwaway remark.

The fact is that they didn't do it, they had no plans to do so, and now have plans to put it back together again.

[AtW]

You wanna repeat that boy?

Looks like your Nu Liebor whitehall inhabitants at the time coerced Barclays into doing it - I sincerely hope their identities will become known soon!

I say - put 'em in the same cell and whoever walks out alive earns his freedom

[Alf W]

hahaha and he said he won't go!

Bring on criminal charges now

You wanna repeat that boy?

[Sysman]

Will all this upset and uncertainty lead to a glut of contractor jobs in the sector to "show we're fixing it"?

With a corresponding rise in rates?

Fingers crossed!

[Sysman]

Yep it is. signed and start date agreed.

Starting a new contract is like buying a house.

Never believe it's going to happen until you have the keys in your hand and you have moved in.

[AtW]

"15.01 Nell Diamond, Bob Diamond's daughter, isn't being very nice to George Osborne and Ed Miliband: "

nelliediamond Nell Diamond George Osborne and Ed Miliband you can go ahead and #HMD "

(For those not easily offended, I suggest you look up HMD in the urban dictionary) "

Barclays scandal: Bob Diamond resigns - live - Telegraph

[AtW]

He's blaming the BOE now like a true banker incapable of any wrongdoing...

The Bank Of England Made Me Do It | ZeroHedge

Some great comments below

The sad part is that most likely BoE wanted it to happen, shame because I am sure Barclays and other banks did a tulipload of other stuff for which their CEOs should lost jobs

[Jog On]

He's blaming the BOE now like a true banker incapable of any wrongdoing...

The Bank Of England Made Me Do It | ZeroHedge

Some great comments below