Peter Reynolds

The life and times of Peter Reynolds

Posts Tagged ‘Yank

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.

Written by Peter Reynolds

January 11, 2011 at 4:41 pm