Agenda 2019

http://www.guardian.co.uk/business/2012/jun/29/mervyn-king  Governor's scathing attack on industry's culture of excess as new scandal erupts The scandalous activities of the banks have been with us for decades. Only now does the Governor of the Bank of England propose that action be taken to control the renegade industry.  "It is time to do something about the banking system," King said."It goes to the culture and the structure of banks: the excessive compensation, the shoddy treatment of customers, the deceitful manipulation of a key interest rate, and today, news of yet another mis-selling scandal." The banks have been caught with their fingers in the till, and they should face the full economic and if established the full legal consequences. The question is will they? From previous experience, there will be a few days or weeks furore in the media, questions in the House and heated debate on BBC Question Time, then after the imposition of ...

http://www.dailymail.co.uk/news/article-2136361/Barclays   Leaving aside all this hype about a "shareholders revolt" does anyone really think that what happened at the AGM (27th April 2012) will make one iota of difference to the way that Barclays is run? It would require a revolt by the major shareholders en masse, to have any real effect. But, of course, this is not going to happen, because the major shareholders are themselves,other banks and financial institutions who, when the time comes and they have awarded themselves obscene levels of bonuses and benefits they will not risk Barclays or anyone else staging a revolt at their AGM's.It is an obscene, corrupt self interested club, endorsed and supported by governments and the establishment, on the pretext of providing benefit to the economy. The veneer of respectability has always been a bit thin, but now threadbare patches and holes are exposing the true vision of filthiness of their system.