Skip to main content

Posts

Showing posts with the label Parliamentary Commission on Banking Standards

Grave crisis facing the international banking sector..

http://news.sky.com/story/960858/exclusive-banks-face-27bn-libor-hit The banks under investigation in the Libor rate-fixing scandal face combined losses of up to $42bn (£27bn).16 banks face a financial hit. These parasite criminals would probably have the audacity to come to the government for another hand out of tax payers money to bail them out of the self inflicted mess. The government should tell them to go to hell or face full nationalisation and permanent public ownership.

Parliamentary Commission on Banking Standards or decorators with whitewash?

  http://www.independent.co.uk/news/uk/politics/banks-inquiry-branded-total-joke-as-key-inquisitors-excluded-7941466.html   The parliamentary inquiry into the banking industry and Libor scandal was branded a “total joke” today after two of the Commons' toughest inquisitors on financial issues were excluded from it. The first step in Cameron's plan to give the bankers a soft ride in the inquiry, Kick the whole thing into the long grass to wait for the heat to die down and then whitewash the city criminals. This first pass in selecting these lightweight committee members,apart perhaps from Andrew Tyrie in the chair, proves beyond any doubt that there has to be an independent judge led inquiry into the whole rotten scandal.