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Peter Reynolds

The life and times of Peter Reynolds

Posts Tagged ‘bonus

STOP THIEVES! £9 Million Banker Robbers

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£9 Million Getaway By Gulliver And Geoghegan

HSBC’s new chief executive Stuart Gulliver has been awarded a £5.2 million bonus for 2010 on top of his £1 million salary.  His predecessor, Michael Geoghegan, gets a £3.8 million bonus on top of a £2 million salary.

It will be little comfort to the taxpayers of Britain that Douglas Flint, HSBC’s chairman,  said the group would “not forget” the financial crisis and support from governments around the world, and that they entered 2011 “with humility”.   These are crocodile tears of the most insincere and deceitful kind.

The only reason that HSBC has been able to make these enormous profits and that these two banker robbers have stolen such obscene bonuses, is that taxpayers have guaranteed their sordid, dishonest and destructive businesses.  More fool us.
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Written by Peter Reynolds

March 1, 2011 at 3:13 pm

STOP THIEF! £1.45 Million Banker Robber.

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An Easy Life For Eric

Lloyds Bank, 41% owned by you and me, is doling out a £1.45 million bonus to fat cat Eric Daniels.

True, he’s not quite as corpulent as his fellow banker robber, Stephen Hester of RBS, but then I don’t think either of them will be going hungry anytime soon – unlike the millions who they rip off and exploit every day.

He’s retiring next month.  I expect his senior years promise much more comfort and joy than other pensioners have to look forward to.

Daniels said he was “highly satisfied”.

 

Written by Peter Reynolds

February 25, 2011 at 1:32 pm

Barclays Pays £113 Million Tax, £2800 Million Bonuses

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Seeker After Truth

Congratulations to Labour MP Chuka Umunna, who has exposed the truth about the organised crime syndicate known as Barclays Bank.  See here for the full story.

Far from contributing to the British economy, in 2009 the bosses of this criminal gang paid themselves nearly 25 times as much as they paid in tax on their ill gotten gains.

Barclays Boss = Liar & Cheat

Nothing better illustrates the deception, fraud and misrepresentation that this den of thieves has perpertrated on the British people.   It also highlights the weakness and compromise of Dr Vince Cable, once held up as the champion of the people, now revealed as weak, ineffectual and useless in the face of  Barclays’ corrupting influence.  As for Cameron, his poodle and all the other cowardly members of our once honourable House of Commons, they are all two-faced, impotent and in shameful, sycophantic awe of the vast piles of shekels that the banker robbers accumulate.

Banking Cancer

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Rare Integrity

We need radical surgery.  The corrupt and avaricious arrogance of the bankers is beyond belief.  Project Merlin (see here) is a confidence trick and our weak, pathetic government is knowingly complicit in it.

Bob Diamond of Barclays, Stephen Hester of RBS and Eric Daniels of Lloyds are all rogues, thieves and charlatans.  The excuse of  “I was only following orders” was thrown out at Nuremberg.  These men are even worse than the Nazi war criminals because their motivation is the most base and venal of all.  They cannot even claim the excuse of some sort of perverted political philosophy.  Their only concern is selfish greed.  They are parasites and a scourge on our society.  They should be rotting in jail rather than heaving their replusive, corpulent frames into another disgustingly expensive dinner or self-indulgent debauchery.

Banking is one of the greatest evils in our world.  It takes over our society with insidious, insistent and poisonous infection.  It produces corrupt and distorted growth that is entirely false, only a deception for the immediate and personal gain of the individuals in charge.  These people are pirates and their adventures destroy decent people, honest businesses and the whole basis of our economy and society.

We must cut them out and we must cut deeply to ensure that every last vestige of the putrification is gone.  It will hurt.  It will even endanger our existence but there is no other option.  To continue as we are is to buy into their corrupt plan, to feed them even more obscene amounts of money while the poor, vulnerable and needy in our society suffer.

There is no other option.  We must inflict this huge damage on ourselves in order to be rid of the cancer.  Recovery will be long and difficult but at least it will be honest and healthy.

The only man with any integrity left in parliament was Lord Oakeshott and he has now resigned.  Cameron,  his poodle, Dr Cable and babyface Georgy Porgy are carcinogenic agents.  We must take the knife to them without mercy.

A Diamond With No Pearls

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“There was a period of remorse and apology for banks. I think that period needs to be over.”

If this is what Bob Diamond regards as wisdom then he is stupid as well as deeply unpleasant.

Spiv

The spectacle of this ostentatious, overpaid and arrogant Yank defending the banker robbers against their richly deserved condemnation is sickening.  Almost as sickening as Cameron and his poodle’s capitulation over bonuses.  See here for the full story.

We shouldn’t be surprised really.  It was too much to expect that integrity and justice should triumph over the greed and corruption of the banks.  They are worthless parasites on society which contribute nothing worthwhile at all apart from an administrative process for transferring money.

Diamond also says that banks should be allowed to fail and not be bailed out by the taxpayer.  The man is clever.  I’ll give him that.  As clever as any cheap, wide boy, conman spiv.  He says that Barclays took no money from the taxpayer but he knows full well that his own reckless, roulette wheel gambling was only possible because the taxpayer had no option but to stand behind him.

I will not shrink from the truth.  Men like Bob Diamond are unfit to be in charge of banks.  I would prefer him and his cronies to be in jail but I would be content with lifetime disqualification and, in his case, deportation.

Written by Peter Reynolds

January 11, 2011 at 4:41 pm

Banker Robbers Still On The Loose

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If I considered it as the plot for my next novel, I would discard it immediately as being completely unbelieveable.  It is outrageous.  The story of the way the banks have wriggled and wormed away from their responsibilities is the biggest scandal the world has ever seen.

The Very Worst

Today the shameful figures are revealed of the number of complaints that our high street banks receive.  See here.  It is an appalling litany of failure and disrespect of customers.  Complaints are at the very bottom of their priorities.  They are inefficent.   They have bonus systems that discourage staff from accepting complaints.  Santander, which so many used to know as the Abbey or Alliance & Leicester,  cannot manage to answer even half of its complaints within two months!  It is shocking.  It hasn’t got better since we all bailed them out.  It’s got worse.  Oh, except for the bonuses.  They just get bigger and bigger all the time.

These problems,  affecting the modest balances of ordinary people, may seem trivial in the context of the billions that the banks have already cost us but they are not.   They are crucial.   This is real money belonging to real people and needed to pay real bills.  It’s not the cocaine, champagne, Ferrari fantasy of some City boy ponce.   These figures indicate precisely the contempt, the utter disregard which bankers have for us even though it is we, ordinary people, who have been called on to rescue them from their catastrophic mistakes.

Actions Not Words!

Where is Vince Cable now?  He is the biggest disappointment of the coalition government.  His brave words as recently as the LibDem conference are all hot air.  He has let us all down.  His promises were empty.

We want the banks split up so that they are no longer too big to fail.  Only today, in Ireland they are realising that their nation is still held to ransom by its bankers.  So is ours.

We want retail and transaction banking separated entirely from casino investment banking so that there can be no more threat to our economy from the spivs and gamblers.  We don’t want any of these sharks anywhere near our  money.   John Diamond, the putative new head of Barclays has made a £100 milion fortune on the back of the taxpayer and the banking crisis.  He is not a fit and proper person to be in charge of a British bank.  The government should ban him immediately.

Wide Boy Spiv

Late last year the Office of Fair Trading let the banks off a £40 billion hook.  These were the extortionate charges illegally debited from customers’ accounts over the previous six years.  See here. This was in addition to the £850 billion cost of the original bailout.  See here.

How much more are they going to get away with?

When will David Cameron, Nick Clegg, George Osborne and Vince Cable stop dithering?

Stop the banker robbers now!

Banker Robbers Bonus Blackmail

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We’re told that the banks have to pay big bonuses in order to retain and attract the right staff.  We’re told that unless we shell out millions to these mysterious unnamed individuals, these “masters of the universe”, that we can kiss goodbye to the money we’ve already put in.  We’ll be damaging our own investment.

Twaddle!  Rubbish!  Bulls**t!  Bollo**s!

These people aren’t doctors or scientists or lawyers or architects – or even plumbers or electricians.  They’re blaggers.  Nothing more, nothing less.  All they’re doing with these ridiculous claims is trying to blag us all over again.  Their job is little different from that of an advertising salesman who sits on the phone all day and maybe makes £1000 or £2000 a week.  In fact, many salesman have much wider knowledge, better people skills and sharper brains than these wide boys in the city that have nerve, greed and little else to offer.

This is just an attempt to blackmail us.  There are tens of thousands of bright, keen, hungry people out there who could do these bankers’ jobs with very little difficulty.  In fact, fresh new blood that hasn’t been corrupted by the past would be a much better idea.  We could recruit from the world of advertising, from market traders flogging fruit, vegetables, meat, fish and “knock off”.  Why not just pick a few MBA graduates at random or take the top banking graduates from last year and give them the big jobs?

Con Man

None of these people could do any worse than the sharks who got us into this trouble in the first place.  Those, like Stephen Hester of RBS, who have taken over recently are no better.  They’re still infected with the same ways as before.  After Chief Thief Goodwin has had his turn in the trough they’re just elbowing through for their own go.

There is no special expertise or skill required to be a banker.  Don’t let these charlatans and sons of charlatans tell you any different.

Don’t wait for the RBS directors’ resignations.  Sack them now for having the audacity to try and pull the wool over our eyes once again.