Dover.uk.com
If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.

All reported posts will be reviewed by a moderator.
  • The post you are reporting:
     
    My heart bleeds for these poor, picked upon bank directors. Just the £40bn, is it?

    Sid, don't be so wet - take their business elsewhere? Where, exactly? It's not as though there aren't banks anywhere else in the world, and just because the odd loony like me makes a fuss every time they line their silk pockets isn't going to make them up sticks and head for the easy life. Since they go out of their way to avoid helping the small businessman they might as well, though, for all the bloody good they do. Have you noticed how the phrase 'Venture Capital' has disappeared from banking jargon? They're no more interested in risk taking than I am in moving to Siberia, they seem remarkably shy of risk taking these days - and what an amusing paradox that is, since it was their own dubious dealings and highly questionable risk taking that precipitated this whole mess in the first place. I don't care what you or Barry say, the banks need firm regulation - and they certainly don't need our pity! Remember Baring Brothers? Corporate greed then as now which allowed everyone who could have prevented Nick Leeson from bankrupting the bank to turn a blind eye. The root of it all - unprecedented bonuses.

    Disincentivise the root cause of the greed and you will go most of the way to cleaning up the banking industry, which is rotten to the core and nearly dragged the country down the black hole being talked about in almost every election speech.

Report Post

 
end link