Posts Tagged ‘banking’
Banker Robber Gets Away With £4 Million
Eric Daniels, chief executive of Lloyds, 41% owned by the taxpayer, is to be given a £2 million cash bonus and receive a further £2 million in shares.
This is nothing short of robbery. No one is entitled to earn that amount of money when the survival of their business has been contingent on taxpayer support. Any incentive scheme or agreement which tries to permit such payments is itself fraudulent. If Daniels takes this money he should be arrested, his assets frozen and he should face trial for conspiracy and deception.
The man is a rogue and a charlatan. Nothing he has done is of any real value and even by the corrupt and perverse standards of the banking system, he is a failure. He is entitled to no credit at all for the recovery of Lloyds.
He is another banker robber. No different from a bank robber. He pilfers old people’s savings and cheats hardworking businessmen. Let’s lock him up before he gets away with it!
Hoodwinked By The Banker Robbers
That’s you and me. We’re the one’s who’ve been conned and cheated. Gordon, Alistair, the FSA – they’re all either criminally negligent incompetents or co-conspirators.
Absolutely nothing has changed in the world of banking. Is any more proof needed that the people running banks are liars, cheats and thieves? Aside from the systematic extortion of the taxpayer, none of the promises about lending to the real ecomony or reining in their depraved “culture” have been kept.
Spineless assurances will not do anymore. The government must radically overhaul the terms of the licences under which banks operate. Real leadership and responsibility is needed now to ensure that this happens before the end of the year – not after months or years of consultation and behind the scenes corruption.
Businesses that want to enjoy the huge privilege of serving UK consumers as bankers must be held to a strict and rigidly enforced rulebook. No participation in casino banking, minimum levels of lending, maximum levels of interest rates and charges, a “right to borrow” for those businesses and consumers who meet straightforward criteria.
These steps are essential to re-establish the operation of an effective market economy. In a world which has become entirely monetised we can no longer be subject to the rapacious and avaricious behaviour of those who run the money business.