Comments on: Can Barclays be salvaged? A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: traducere romana daneza Mon, 29 Sep 2014 13:51:46 +0000 “Con la entrada en vigencia del acuerdo hoy hay cerca de 18 aos de proteccin para el sector lcteo colombiano que hay que aprovechar para hacer la transformacin de la industria lctea colombiana”, agreg por otra parte el ministro.

By: IanKemmish Wed, 04 Jul 2012 08:39:46 +0000 Nobody is boycotting Barclays yet, as far as I know. Yet in the 1970’s, rather a lot of people boycotted them over their links to the apartheid regime in South Africa. They recovered from that – apparently so well that op-ed writers like Mr Salmon are unaware that it even happened, even if everyone in the population at large remembers it. Therefore, they can recover from this.

By: FifthDecade Tue, 03 Jul 2012 23:07:39 +0000 I disagree with stonewater, I think this is the best phrase you’ve used for ages:
“…when a board finds itself with a complete absence of testicular fortitude…” Absolute classic! As good as Churchill’s “That was a terminological inexactitude”…

In the UK the picture is complicated by the fact that Prime Minister Cameron’s Conservative Party is bankrolled by bankers or banks to a very large extent, many of his MPs are on the boards of banks, and banks are one of the most common jobs taken by Conservative politicians when they retire from Parliament/lose their seat.

That’s why there’s not going to be a judicial inquiry, just one that Cameron can control. Part of that is to find some scapegoats. The public are baying for blood on this one and in the environment of xenophobia the right wing of Cameron’s Tories have successfully managed to generate over Europe, the public aren’t too keen on American foreigners running their banks – especially when said banks are tarnishing Britain’s reputation so spectacularly. Pick on an outsider, then close ranks and the old school chums can be protected so as to be free to do all this again in the future.

Oh, and when things get too hot for comfort, throw out an emotive news story about “perhaps” holding a Referendum on “some aspect” of Europe “in a future Parliament” to move people’s focus off banking and onto another hot button.

Cameron was in PR before he was Prime Minister, and it shows. Just look for the patterns and you can see what he’s doing.

By: scythe Tue, 03 Jul 2012 18:30:08 +0000 the LIBOR scam reveals british banks as unworthy of investor trust

the bank of england muddles through as usual and

the dishonesty of banks is still the can of worms that every sovereign wants to kick down the road

By: stonewafer Tue, 03 Jul 2012 18:23:13 +0000 “Indeed, Peston reports that the decision to defenestrate Diamond was taken not by the newly-leaderless board at all, but rather by Mervyn King’s eyebrows.”

– Best single sentence you have written in the past 6 months, with an entertaining embedded link no less.

By: Hartzman Tue, 03 Jul 2012 18:04:31 +0000 If former Bank of America CEO Ken Lewis knew about secret Federal Reserve loans in 2008 and 2009, how did he not recieve BAC without knowing inside information? former-bank-of-america-ceo-ken-lewis.htm l

If former New York Fed Chairman and Goldman Sach’s alumni Stephen Friedman knew about secret loans to Goldman in 2008 and 2009, how did he not buy GS with unknown information? former-new-york-fed-chairman-and.html

Updated with some Warren Buffett and Goldman Sachs: “The Fed’s Secret Liquidity Lifelines”: Wachovia Corporation and Wells Fargo & Company

… /> eds-secret-liquidity-lifelines.html

What are the chances of the “press” in the USA,
being controlled by those at the top,
who seem to play under a different set of rules? less