Like a tale from the fall of Rome, Marcus Agius initially fell on his sword in an attempt to save the empire, if not the emperor Bobus Diamondus but then Diamondus also fell with the outcry of et tu!
Or is it Darth Diamond?
Anyway, no doubt with a substantial addition to his millions Bob Diamond has resigned but the stage is now set for a huge revelatory expansion of the circle of trust (or blame), as the questions and answers kick off at today's Treasury Committee.
It could yet be hugely damaging to accountable persons in position then and now I would have thought.
Will it hasten the protection of our deposits by splitting off the casino banking from retail?
I would hope so.
But it remains to be seen whether or not it will address the obscene remuneration packages of those inside the circle of trust, or the fantasy gambling with other people's money to maximise their individual gains.
The industry appears to have used our money, and taken the benefit, been bailed out by our money, and taken the benefit.
Contribution to society? Recession, depression, inflation, deflation, which leaves little other than years of austerity to balance our books whilst the industry has continued on its merry way.
Related article links:
- http://www.bbc.co.uk: Barclays boss Bob Diamond resigns amid Libor scandal
- http://www.guardian.co.uk: Barclays blames 'senior Whitehall figures' for Libor scandal as Bob Diamond resigns - live
The industry appears to have used our money, and taken the benefit, been bailed out by our money, and taken the benefit.
Contribution to society? Recession, depression, inflation, deflation, which leaves little other than years of austerity to balance our books whilst the industry has continued on its merry way.
Related article links:
- http://www.bbc.co.uk: Barclays boss Bob Diamond resigns amid Libor scandal
- http://www.guardian.co.uk: Barclays blames 'senior Whitehall figures' for Libor scandal as Bob Diamond resigns - live
No comments:
Post a Comment