Banks Bankers Banking

[aka Calum Da Jazbo]

four years on and reform still looks a distant prospect .... but it is a US ELection Year and reforming the banks is falling onto our UK political agenda

reform of banking and finance is the great political litmus test of our present age .... iit defines exactly which side the politicians are on ...

George O is about to show us his true colours


and a further indication of the gangsters involved in major banks is shown again here, but this is not news the British Merchant banks were big into slaves and drugs ... seems they still like the drug ££££££££££££££

there are some lethally serious psychopathic alpha males in the banking and finance system .... a very substantial proportion of "Entrepreneurs" have personalities very similar to criminal psychopaths .... the free market small state ideology just suits them to a tee eh?

how they do what they do to you or someone close to you shortly ....


simpatico

[teamsaint]

Also, ask yourself a simple question.
If the politicians are on our side , and not the banks side, why won't they let the ECB buy Italian Greek and Spanish government bonds, at say 3% , instead of lending commercial banks the money at around 1% so that they can then buy government bonds at 5 to 7 %.

(Oh and then have a look at what happens to the "Quantitative Easing " money in the UK.)

Banking is indeed the core issue of our time in the western world. They are controlling the politicians,(including opposition politicians) and we are allowing them to dictate what happens in our economies.

Follow the money.

[teamsaint]

Incidentally, Good post C da J.

My problem with the Will Hutton article is that this, IMO, is not all down to bad policy or whatever, it is a quite deliberate asset strip. The banks finances are being built up, and the assets of most ordinary people are being taken away by unemployment, inflation, reduction in benefits, increase pension contributions etc etc.

And it is not necessary. A good example is in public sector pensions, where the government tells us things HAVE to happen, but then refuse to even publish the figures to justify it.
there are plenty of other examples.

[Eine Alpensinfonie]

Incidentally, Good post C da J.

And it is not necessary. A good example is in public sector pensions, where the government tells us things HAVE to happen, but then refuse to even publish the figures to justify it.
there are plenty of other examples.

Agreed. But they cannot publish figures that would contradict their false assertions.
Even though doctors are quite well paid, compared with the rest of us, I'm with them 100% on their pensions campaign.

[teamsaint]

Looks like the banks have another £50bn coming their way...

http://www.independent.co.uk/news/business/news/collapse-in-uk-factory-figures-fuels-call-for-more-stimulus-7811783.html

Nice.

[aka Calum Da Jazbo]

The City jobs market had its best month since August last year as it created 4,320 posts in May – a 25 per cent rise on the previous month, says financial services recruiter Astbury Marsden.

the vultures are gathering

[eighthobstruction]

>>>'there are some lethally serious psychopathic alpha males in the banking and finance system .... a very substantial proportion of "Entrepreneurs" have personalities very similar to criminal psychopaths .... the free market small state ideology just suits them to a tee eh?'<<<

Lovely....'nice guys, meet em everywhere'

[Serial_Apologist]

I'm usually very put off macho alpha male types, but have to say was quite impressed with young Ricky, winner of last evening's The Apprentice. Normally this show is worth watching, (if indeed it is!), for the role models being paraded as capitalism's future. But in this case the guy had clearly evolved over the series from modern ape man to someone who genuinely occupied himself, rather than needing to continually look around inside to check the usual signifiers were placed ready for triggering at appropriate social(ly sanctioned) moments.

[Lateralthinking1]

I'm usually very put off macho alpha male types, but have to say was quite impressed with young Ricky, winner of last evening's The Apprentice. Normally this show is worth watching, (if indeed it is!), for the role models being paraded as capitalism's future. But in this case the guy had clearly evolved over the series from modern ape man to someone who genuinely occupied himself, rather than needing to continually look around inside to check the usual signifiers were placed ready for triggering at appropriate social(ly sanctioned) moments.

And speaking in the round of psychopathic macho alpha modern ape men, this specific headline about the Chancellor could have been written "Please Miss, it wasn't me, it was them":

http://www.bbc.co.uk/news/uk-politics-18383804

Isn't this all particularly weird seeing that yesterday talking down the economy carried a maximum penalty of 25 years? Oh no, sorry, my mistake. Politics must come first.

(Key reason for posting - I doubt that someone who is so gaffe prone and full of the language of hysteria is fit for purpose)

[aka Calum Da Jazbo]

it is not a lie it is simply undeclared


broke? insolvent? shhhhhhhhhhhhhhhhhhhhhhhhhhhhh.....

[aka Calum Da Jazbo]

from Diane Coyle's excellent blog

Unsuccessful economies are either exploitative and authoritarian or have a central political authority unable to take decisions that benefit the whole; in either case rent-seeking minorities are able to prevent the kind of innovation, and consequent redistribution of economic power, that in the long run is necessary for growth.

The emphasis on how important it is to prevent narrow interests from capturing political power to exercise in its own economic interest is just as relevant to the financial oligopolies of the West as to the failed or failing states of Africa. It is possible to have an economy run by the elite for the elite at any level of development, as we can now see clearly. Policy makers in the US and Europe should read this as a warning.

Why Nations Fail is also a great introduction to this field for people who are not so familiar with it, and indeed for those who are sceptical about whether, post-crisis, economics has anything to contribute to public debate.

[french frank]

Way to go?

[aka Calum Da Jazbo]

possibly ff and one would certainly hope for a vastly expanded contribution to our economy from such initiatives .... but when they get big the dynamics change! .. suddenly we will be awash with new mutualist bankers telling us what we don't know ...

[amateur51]

The latest banking scandal ....?

Standard Chartered Bank illegally "schemed" with Iran to launder as much as $250bn (£161bn) for nearly a decade, a US regulator says. The New York State Department of Financial Services said that the bank hid 60,000 secret transactions for "Iranian financial institutions" that were subject to US economic sanctions. It labelled UK-based Standard Chartered a "rogue institution".The bank has been threatened with having its US banking licence revoked.

The allegations are far larger than those involving HSBC, which was recently accused by the US Senate of failing to prevent money laundering from countries around the world including Mexico and Iran. It has set aside $700m to deal with any fines and penalties arising from those allegations.

http://www.bbc.co.uk/news/business-19155577

[aka Calum Da Jazbo]

er i have a touch of sympathy for the 'who is the usa to tell us what to do?' spirit in Standard ...

a Standard Chartered executive caustically replied: "You f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians."
graun

and

"It seems to be that every big trading disaster happens in London," New York congresswoman Carolyn Maloney told a Congressional panel investigating the JP Morgan fiasco in June.
ditto

oh yeh? Goldman Sachs? Lehman? Enron? Worldcom? etc .......... [mortgages babe mortgages]