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Peter Reynolds

The life and times of Peter Reynolds

Posts Tagged ‘gambling

A Diamond With No Pearls

with 15 comments

“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.

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Written by Peter Reynolds

January 11, 2011 at 4:41 pm

Barclays’ Biggest Banker Robber Plans Smash ‘n’ Grab On Britain

with 4 comments

The Unacceptable Face Of Banking

We don’t want Bob Diamond in Britain. He’s to be the next chief executive at Barclays Bank.  See here.  He’s not the “right sort of chap” for us or, if you prefer, he doesn’t have “the right stuff” for Britain.  He’s a wide boy and a high stakes gambler.  We don’t want him anywhere near our banks, our savings or our overdrafts.  Why can’t he just go back to the land of the free and the home of the brave and chowdown with all the other cowboys?  He’s the wrong man for Britain.

It’s people like Bob Diamond who were directly responsible for the banking crisis and for bringing the world’s economy virtually to its knees.   He won all his bets so he’s alright.  Let’s be clear though, it’s his behaviour and those like him that is to blame for the massive cuts that we’re all facing.  He has robbed our parents of their pensions, hamstringed our business world, destroyed our children’s jobs and sabotaged their children’s education.  He is laughing all over his flabby, smug face at our expense.

He’s won a £100 million fortune on exactly the sort of gambling which has destroyed our economy.

Vince Cable should stop posturing.  He was great in opposition but it seems, even in government, all he can do is snipe from the sidelines.

I say, deny Bob Diamond entry into Britain on the grounds that he would be a danger to the country.  Barclays may claim that it has accepted no help from the taxpayer but its exploitative business model depends on blackmailing us with its size and importance to the economy, just like all the banks.

What we needed to do was clamp down hard on their excess, split them into smaller pieces, separate casino investment from banking services, force them into accountable lending policies, severly limit earnings levels and make it clear that they work for us, not vice versa.

We may already be too late.  Britain’s banks continue to be out of control.