£290 mill in fines, what do bankers have to do go to prison?
Discussion
How much did they actually make out of it?
http://www.bbc.co.uk/news/business-18612279
http://www.bbc.co.uk/news/business-18612279
Edited by Adrian W on Wednesday 27th June 15:43
Use Psychology said:
sorry, just imagining newspaper headlines in keeping with the current popular opinion of bankers.
the debate is hindered by the inability of most people to tell the difference between bankers (people who work for banks, probably quite reasonable, normal and nice people) and banks (fked up organisations).
I'm having a little trouble with this, people manipulated the rates not organisations, however it does seem that people are immune from any consequences from their direct actions, in any other industry arrests would have been madethe debate is hindered by the inability of most people to tell the difference between bankers (people who work for banks, probably quite reasonable, normal and nice people) and banks (fked up organisations).
Use Psychology said:
Adrian W said:
Use Psychology said:
sorry, just imagining newspaper headlines in keeping with the current popular opinion of bankers.
the debate is hindered by the inability of most people to tell the difference between bankers (people who work for banks, probably quite reasonable, normal and nice people) and banks (fked up organisations).
I'm having a little trouble with this, people manipulated the rates not organisations, however it does seem that people are immune from any consequences from their direct actions, in any other industry arrests would have been madethe debate is hindered by the inability of most people to tell the difference between bankers (people who work for banks, probably quite reasonable, normal and nice people) and banks (fked up organisations).
First it was derivatives then PPI now this, it does seem that the banks can get away with anything and there is absolutely no accountability.
Three years ago I had to put a business into administration because of a bad debt and an impatient bank, the administrators investigated everything and made it absiilutly clear that if in their opinion I had misbehaved in any way whatsoever I would become personally liable and would face criminal charges.
It's about time bankers are held personnally responsible for their actions.
Three years ago I had to put a business into administration because of a bad debt and an impatient bank, the administrators investigated everything and made it absiilutly clear that if in their opinion I had misbehaved in any way whatsoever I would become personally liable and would face criminal charges.
It's about time bankers are held personnally responsible for their actions.
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