Peter Reynolds

The life and times of Peter Reynolds

Posts Tagged ‘investment

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

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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.

A BBC Preservation Order

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TAKE NOTICE

This noble institution should be preserved.

It is not perfect but it is better than any alternative.

It contributes enormously to the culture of the nation.

It is our BBC

This notice should be nailed to the door of Broadcasting House and all BBC premises.  Damaging or cutting off parts or branches of the institution is not allowed.  Adequate space must be given to the institution’s roots which must not be interfered with.  Severe penalties will be applied to anyone who knowingly or recklessly damages the institution in any way.

Then David Cameron, Nick Clegg and a heavyweight team need to take Mark Thompson aside and give him a good talking to.   We want to preserve the BBC and its unique qualities but we need a hard pruning of dead wood and unproductive growth.  Preserving the roots and fundamental strength are the most important objectives.   Cutbacks in the right places will stimulate stronger new growth elsewhere.

I agree that Sky should contribute towards those commercial channels that it broadcasts free-to-air.  It ties viewers into its subscription packages because they are comprehensive.  This is gives it an unfair advantage throughout the market, as does its coverage and bandwidth.

Sky is a parasite on traditional TV companies.  Its unfair advantages have enabled it to develop the best user interface and experience in the market.  Even so, it is expensive and has a reputation for appalling customer service.  Its relationship with Newscorp means it is part of a monstrous media empire which requires much more regulation in the interests of consumers and the community at large.  It should be required to invest more in original programming and production.  If necessary, a new media tax should be introduced to enforce appropriate investment and safeguards.

The BBC’s biggest mistake is the level of executive pay.  There is no justification at all for anyone in the BBC to earn more than the Prime Minister.  It is public money.  Anyone unhappy with this should resign today.  No one is indispensable.  The BBC has always been the best in its business at bringing on new talent.

The Licence Fee should remain unchanged.   It is fantastic value for money and shows just how expensive Sky is.   The BBC Trust should be strengthened in its primary role as regulator and it should enforce cost savings, efficiencies and executive pay.  It should also ensure that the BBC becomes more responsive and closer to its audience.  Its complaints and feedback system is fundamental to this.  It needs to be brought back in house and given real priority.  See here.

Britain adores its BBC.  Let’s ensure we preserve it and allow it to flourish.

British Justice On Trial

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Thugs, Slimeballs And Grunts

At last, four of the Metropolitan Police’s Territorial Support Group are to stand in the dock charged with assault causing actual bodily harm and a jury is to decide their fate.   They are PC Nigel Cowley, PC Mark Jones, PC Roderick James-Bowen and DC John Donohue.

He's Got To Go

Perhaps Keir Starmer, Director Of Public Prosecutions, thinks he will win back some credibility through this after his catastrophically bad judgement in the Ian Tomlinson case.   Not a bit of it.  In fact, the decision to prosecute now after a successful civil claim against these thugs, proves how negligent the original decision was.  The CPS is charged to uphold the public interest by statute.   It should not have to be harried to the Court reluctantly by civil action.  Yet again, Keir Starmer should hang his head in shame.  In fact, he should resign

These officers have already been proven on the balance of probabilities to have illegally assaulted Babar Ahmad in 2003.  Last year the High Court heard that he  was subject to “serious, gratuitous, prolonged, unjustified violence” and “religious abuse”.   Now the criminal courts will seek to extend that proof to beyond a reasonable doubt.   Meanwhile, the Met, which decided against any disciplinary action, chooses not even to suspend these proven thugs and bullies.  Sir Paul Stephenson should join them in the dock.  His disrespect for due process is astounding.  How can he have such men under his command?  The IPCC also failed in this case – yet again.  In 2007, it decided to take no action against any of the officers.

Keeping Mum

Almost every day now, new horror stories of illegal, brutal or simply dumb police behaviour are revealed.  This is the reward we have reaped from the massive investment and huge increase in salaries we gave to the police in the 80s.  According to my contact with inside knowledge it is due to a “collapse in supervision…and an arrogance due to few cops having much other work experience”.  The police service is no such thing for the average British citizen.  It is a self-serving bureaucracy with an aggressive sub-culture, acting as a revenue generating workforce for the state.  It is institutionalised racism, brutality, prejudice, bullying, corruption, cowardice, freemasonry, all dressed up in a jack-the-lad, paramilitary uniform.   It isn’t even any good at what it does.    Aside from dealing with road accidents and high-level anti-terrorism, I know of little good work done by the British police.  It has become an out of control monster that avoids doing what the public wants and picks and chooses what to devote its resources to.

PC Simon Harwood

If Keir Starmer can reverse his decsion on these thugs who beat up a suspected terrorist, he can also reverse his decison on the fatal assault on Ian Tomlinson, an entirely innocent bystander.   Meanwhile we await impatiently the coroner’s inquest on his death and the disciplinary hearing against PC Simon Harwood, which must be held in public in accordance with the statutory provisions.

Every time that a police officer breaks the law or exceeds his powers he breaches our trust.   It is the same as a bank employee stealing from his bank.  It must be punished particularly severely.  This must be the standard that British police adhere to.  We must never relent from calling the corrupt and incompetent to account.

We Wait For Justice

Whether a conviction is possible in this latest case, seven years after the events took place, I don’t know.  On the basis of its own rules the CPS must believe a conviction is more likely than not or it wouldn’t be proceeding .  Justice delayed though, is justice denied for Babar Ahmad and the policemen.  This repeated and continuing incompetence by the prosecution and regulatory authorities is every bid as dangerous as the deterioration in the police.   Suspicions of corruption, collusion and conspiracy are inevitable and must be answered.  These are serious threats to British justice.

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.