B.O.E. gets tougher on bankers

[Derek Chevalier]

crankedup said:

I wouldn't imagine anyone wants to re-visit that scenario. Stupid Politicians

You don't think it will happen again

http://www.helptobuy.org.uk/

Ho ho

[turbobloke]

legzr1 said:

turbobloke said:

Where are these banking apologists?

Really?

Really. It's interesting that you didn't offer any apologists or quote any posts, same old.

legzr1 said:

turbobloke said:

Usually the worst offenders are blinkered deluded leftists to one degree or another, pushing anachronistic class warfare rhetoric.

The King of hyperbole.

Come Sir, accept your crown.

Some PHer trotting out 'Social Cleansing' is already sitting in it.

legzr1 said:

Randy Winkman said:

And also being selective about the political blame so they can point the finger at the party they don't like.

No!

That doesn't happen does it?

Correct.

Unless...

[turbobloke]

Derek Chevalier said:

crankedup said:

I wouldn't imagine anyone wants to re-visit that scenario. Stupid Politicians

You don't think it will happen again

http://www.helptobuy.org.uk/

Ho ho

That's pre-2015 policy

[mug81]

turbobloke said:

• HoldsHeadInHandsAtSuchASillyResponse*

[legzr1]

TB, you cant see posts in this thread where bankers are 'attacked' and everyone else including governments and regulators are made scapegoats?
An insightful TV programme is dismissed as a 'tale of morality'?

Ok, ignore that then but, please, explain how I'm supposed to sit in a crown...

[vonuber]

It would be nice if some of them managed to pay for their trainfare.

[turbobloke]

legzr1 said:

TB, you cant see posts in this thread where bankers are 'attacked' and everyone else including governments and regulators are made scapegoats?

I frequently see posts where bankers are made scapegoats and posts - including those from me - which list Clinton-Achtenberg-HUD as the origin of the crunch and crash, aided and abetted by ratings agencies, regulatory failure and banking governance problems.

Also I see baseless generalisations such as claims that others are ignoring child poverty (nobody else has said that) when the only people documented as guilty of worsening child poverty recently and over more than a decade are Labour.

legzr1 said:

An insightful TV programme is dismissed as a 'tale of morality'?

Dismissed, or described? Curate's egg and all that.

legzr1 said:

Ok, ignore that then but, please, explain how I'm supposed to sit in a crown...

Go on a diet?

mug81 said:

• HoldsHeadInHandsAtSuchASillyResponse*

• scratchesballsnotgivingatossaboutpeoplewithnosenseofhumourandnopunctuationwithcapitalseverywhere*

vonuber said:

It would be nice if some of them managed to pay for their trainfare.

One at any rate, and the payment needed to be timely not after the fact.

BTW are 'those people' (i.e. 'them') members of a very wide group? Remuneration related perhaps?

[vonuber]

turbobloke said:

BTW are 'those people' (i.e. 'them') members of a very wide group? Remuneration related perhaps?

Edit: actually, I can see what you are fishing for there and I'm not biting.

Edited by vonuber on Saturday 2nd August 14:46

[crankedup]

Derek Chevalier said:

crankedup said:

I wouldn't imagine anyone wants to re-visit that scenario. Stupid Politicians

You don't think it will happen again

http://www.helptobuy.org.uk/

Ho ho

I didn't say that I didn't think it would happen again, I said I would imagine that nobody wants to re-visit that scenario.

[crankedup]

otolith said:

crankedup said:

Its was the 'big bonus' which has helped create the the problem currently being addressed. Nobody can deny the wrong-doing by some in the industry, criminal activities in order to cheat into receiving a 'big bonus' has been the major problem, this is the other side of the coin to the system. The 'envy' excuse is no longer valid.

That's a very simplistic view of what happened, based largely on a desire to believe in a morality tale.

Explain further please, what tale do you refer and why?

[crankedup]

legzr1 said:

crankedup said:

All part of the incisive STORYVILLE, I agree regulation was a joke, hence the need to ramp up those regulations. Decades working under such lack of supervisory regulation brought the World's finance to its knees, I wouldn't imagine anyone wants to re-visit that scenario. Stupid Politicians combined with greedy employees in the finance industry - no wonder it all hit the fan.

Seen it - good bit of TV.

No doubt it will be ignored by the banking apologists yelling the same old blinkered hyperbole. (Actually, I see that's happening already)

Indeed, but it has amusement value at least these people making daft statements in a vain attempt to excuse crooks and pedlars, oppps sorry bankers.

[legzr1]

turbobloke said:

I frequently see posts where bankers are made scapegoats and posts - including those from me - which list Clinton-Achtenberg-HUD as the origin of the crunch and crash, aided and abetted by ratings agencies, regulatory failure and banking governance problems.

So you can see the posts but chose to ignore them.

Now we know.

turbobloke said:

Dismissed, or described?

Dismissed.

As I already said.

Oh, that's right - you don't read posts do you?

ZZzz said:

Go on a diet?

Well, I could probably do with losing a few pounds but fail to see how that would help you with an amateur quoting balls-up

[crankedup]

vonuber said:

It would be nice if some of them managed to pay for their trainfare.

and then we are told not to call them lying cheating a*seholes riceless:

[legzr1]

crankedup said:

Indeed, but it has amusement value at least these people making daft statements in a vain attempt to excuse crooks and pedlars, oppps sorry bankers.

It's hilarious.

What adds to the fact is that most can't even see it - the odd few that can continue to amuse by squirming and deliberating missing the point.



Ignore Libor, attack Labour.

Piss poor and funny.

[otolith]

crankedup said:

otolith said:

crankedup said:

Its was the 'big bonus' which has helped create the the problem currently being addressed. Nobody can deny the wrong-doing by some in the industry, criminal activities in order to cheat into receiving a 'big bonus' has been the major problem, this is the other side of the coin to the system. The 'envy' excuse is no longer valid.

That's a very simplistic view of what happened, based largely on a desire to believe in a morality tale.

Explain further please, what tale do you refer and why?

There were multiple factors in precipitating the financial crisis, many of them unrelated to the matter of how much workers in the banking industry are paid. You focus on the matter of bonuses and high pay because, I suspect, you have already decided that they are immoral and the narrative accords with your values.

Looking

[toppstuff]

legzr1 said:

Ignore Libor, attack Labour.

More accurate would be to attack the Libor rigging AND the Labour government that created the regulatory environment that allowed it. And we still have a legacy of that era in the shadow cabinet - Ed Balls.

IMO you cannot totally extract the "bankers" from the larger process and make them entirely responsible. Labour had their hands all over it.

This may be an uncomfortable truth for those who support Labour, but it is true nonetheless.

[turbobloke]

legzr1 said:

crankedup said:

Indeed, but it has amusement value at least these people making daft statements in a vain attempt to excuse crooks and pedlars, oppps sorry bankers.

It's hilarious.

What adds to the fact is that most can't even see it - the odd few that can continue to amuse by squirming and deliberating missing the point.

Ignore Libor, attack Labour.

Piss poor and funny.

Vague armwaving waffle with generalist accusations and nothing to back them up, as they have no basis.

Nobody has ignored Libor, and there's more than this thread to show it.

The only people making daft statements are those who indulge in scapegoating while strategically ignoring the political root cause of the crash and crunch, and the roles of a number of non-banking entities including ratings agencies and regulatory authorirties in seeing it through.

There are several PH threads where the financial crisis has been covered in detail where the same simplistic accusations were aired and dealt with.

After seeing 13 years of Labour ruin the country with wealth gaps and inequality increased, then 3 to 4 years later the economy recovering strongly via Plan A with the Conservatives driving economic policy while carrying the walking dead weight of the LibDems, bouts of diversionary banker bashing are only to be expected.

For a spot of déja vu try these:

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

http://www.pistonheads.com/Gassing/topic.asp?h=0&a...

We might just get back to discussing the efficacy of the 7 year itch.

[legzr1]

Still funny.

It's getting better though - Labour bashing demoted to 'near' the bottom rather than the final sentence.

[crankedup]

otolith said:

crankedup said:

otolith said:

crankedup said:

Its was the 'big bonus' which has helped create the the problem currently being addressed. Nobody can deny the wrong-doing by some in the industry, criminal activities in order to cheat into receiving a 'big bonus' has been the major problem, this is the other side of the coin to the system. The 'envy' excuse is no longer valid.

That's a very simplistic view of what happened, based largely on a desire to believe in a morality tale.

Explain further please, what tale do you refer and why?

There were multiple factors in precipitating the financial crisis, many of them unrelated to the matter of how much workers in the banking industry are paid. You focus on the matter of bonuses and high pay because, I suspect, you have already decided that they are immoral and the narrative accords with your values.

Looking

Well yes we know all about the 'multiple factors' as fully described in aforementioned investigative program. Now that program was not produced/directed by myself, in fact I had nothing to do with it at all, except watch in utter dismay. Your diversionary efforts are not good enough I would like to read more from your critique of the all revealing program., rather than your focus on what you believe to be my own values.
ps we know that much of wrong-doing within the financial industry has much to do with bonus payments.

[crankedup]

turbobloke said:

legzr1 said:

crankedup said:

Indeed, but it has amusement value at least these people making daft statements in a vain attempt to excuse crooks and pedlars, oppps sorry bankers.

It's hilarious.

What adds to the fact is that most can't even see it - the odd few that can continue to amuse by squirming and deliberating missing the point.

Ignore Libor, attack Labour.

Piss poor and funny.

Vague armwaving waffle with generalist accusations and nothing to back them up, as they have no basis.

Nobody has ignored Libor, and there's more than this thread to show it.

The only people making daft statements are those who indulge in scapegoating while strategically ignoring the political root cause of the crash and crunch, and the roles of a number of non-banking entities including ratings agencies and regulatory authorirties in seeing it through.

There are several PH threads where the financial crisis has been covered in detail where the same simplistic accusations were aired and dealt with.

After seeing 13 years of Labour ruin the country with wealth gaps and inequality increased, then 3 to 4 years later the economy recovering strongly via Plan A with the Conservatives driving economic policy while carrying the walking dead weight of the LibDems, bouts of diversionary banker bashing are only to be expected.

For a spot of déja vu try these:

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

http://www.pistonheads.com/Gassing/topic.asp?h=0&a...

We might just get back to discussing the efficacy of the 7 year itch.

Personalize, which is always your M.O. when on your back foot. Until people accept that the finance industry had a major part to play in the 2008 crash we cannot hope to move forward. But then again I think the people who matter have tore the rug from the under the banking industry and giving it a good shake to rid all the detritus. Difficult to imagine any person, on the underground for example,extolling the virtues of the finance industry leading up to the 2008 crash and revelations post crash. I don't think any persons are suggesting the crash was solely the finance industries fault, but certainly a large % can be fairly laid at their door.

Strange why you are unable to grasp the obvious, its all detailed in the program in all its full tawdry detail. So drop the personal diversionary tactics and lets read your analysis as to why you consider the aforementioned forensic detailed investigation to be dismissed/described by you in such a way as to be at odds with financial reality.