£250,000,000,000 and counting !

joseph


Joined: 17/04/2008
Posts: 709

Message Posted:
07/03/2009 16:08

G'day all...



Late news last night ... the government has agreed to underwrite the toxic debt uncovered by Lloyd's bank since their disastrous take over of HBOS.



Two hundred and fifty billion pounds.



Is Flash Gordon is at it again... releasing information hopefully buried so that no one notices ...or was two-o-clock in the morning just chance?



You Lloyds Bank customers must be seething at what has happened since this ill advised takeover, encouraged by Flash G even though it was against the monoploy commision rules. Why was this info not discovered, released or checked into before hand? Now we know.



As a HBOS client, not exactly thrilled myself , but cannot understand how a well run and well capitalised bank like Lloyds has been dragged into the whole toxic mess... very sad :-(



Regards Joseph

Washerman


Joined: 19/09/2008
Posts: 2301

Message Posted:
07/03/2009 17:39

I am posting this because like you, I am concerned about the gross negligence of bankers and politicians.

Why is no-one else posting on this thread?

Washerman

kaiserphil


Joined: 14/12/2008
Posts: 1096

Message Posted:
07/03/2009 17:45

Washerman - I guess we are all disgusted by the stunts being pulled. But maybe people know they don't stand a chance of changing anything?

Not even an election will make a difference!

joseph


Joined: 17/04/2008
Posts: 709

Message Posted:
07/03/2009 18:07

Hi Washaman and kaiser...



Remember Nick Leesom ... he gambled away millions on futures and currencies ,bankrupted a bank (can't remember the bank) and did a runner abroad. They went after him, finally arrested him in the far east' prosecuted him in a court of law ... and he was gaoled?



Why are these current chairman and ceo's not being prosecuted...

Surely their dereliction of duty vis a vis gambling on US mortgage debt is no less fraudulent?



Isn't this the only way to get the message across?



I also think they should be stripped of knighthoods etc and made to pay back any monies stashed away over and above salary etc such as huge golden handshakes and pension pots.



But then... that's just me



Regards Joseph

Washerman


Joined: 19/09/2008
Posts: 2301

Message Posted:
07/03/2009 18:21

Joseph, unfortunately, the top brass are not on the level, they are on the square and herein lies the problem.

Don't get me wrong, there are good and bad in all walks of life but some obligations weigh over others.

Knighthoods devalue when they are bestowed on the likes of people like this.

Never mind, today's news is tomorrow night's fish supper



Washerman

Quarmby


Joined: 15/09/2008
Posts: 975

Message Posted:
07/03/2009 18:23

Just to correct you joseph, Nick Leeson did his dealing I believe with Barings Bank if I am not mistaken not sure of spelling, and it was in Singapore, I was in Singapore when the news broke, so he did not do a runner and he was jailed in Singapore and eventually released when he was discovered to have cancer.

joseph


Joined: 17/04/2008
Posts: 709

Message Posted:
07/03/2009 19:12

Quarmby... apologies, you are spot on



Can you recall if any one else was so prosecuted or was he doing all this off the radar, ie was he the fall guy or acting alone and in secret and only found out by actuaries etc?



Was there ever a public enquirey and where any shareholders and or funds within pensions ever re-imbursed/compensated?



Refards Joseph

Magbs


Joined: 26/02/2009
Posts: 278

Message Posted:
07/03/2009 19:47

Qurmbly,



The thief desperately tried to escape and the police finally caught up with him somewhere in Europe... Ah, what a lucky guy, he also fully recovered from cancer and looks like he found a new hobby as... CEO in Irish football club.

Magbs


Joined: 26/02/2009
Posts: 278

Message Posted:
07/03/2009 19:56

I am sure many of these FC funs have lost some money due to the new trading frauds. I wonder if they are able to connect and see the similarities.

snakes



Joined: 28/10/2008
Posts: 1512

Message Posted:
07/03/2009 20:37

i love the fact that these so called brilliant business people , usually men , completely "cock up" their businesses costing the tax payer billions and then get a thumping great "pat on the back" bonus !!! i know what "pat on the back" i'd give them !! pillocks

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
07/03/2009 21:31

snakes thats why we need woman to run everything..Nick Lesson did the crime and the time and only today more scandle from anoher of the top houses. Reward not jail a Knighthood. No wonder they all laugh at us.We all choose the wrong jobs. Accepted robbery whilst they live the life of riley and who pays. Then oh they have been so good and given so much to charity lets honour them. God help any laws passed by them. What a mess. xx love to you both

trncoldboy


Joined: 02/02/2009
Posts: 182

Message Posted:
07/03/2009 22:20

The French have had serious problems with so called experts at their Stock Exchange and the Germans have been rumbled stacking their "gains" in Luxembourg Banks!!! Have they been leniently treated also, Yes!

witchfinder



Joined: 10/04/2008
Posts: 155

Message Posted:
08/03/2009 04:39

the upper class will always look after themselves, so no surprise in letting the bank bosses off with just a telling off in parliament, they are probably all giving bank handers to the politicians anyway. Bring on the election but who are we going to vote for when it does arrive???

snakes



Joined: 28/10/2008
Posts: 1512

Message Posted:
08/03/2009 14:08

Liz !!! the woman in a most predominant position in our government just spent £150 grand plus on her sisters house (tax payers money) because she says that is her main residencey !!

any more power and she'd start buying more shoes and handbags ha ha

In TRNC next sunday will xome see you both !! now where did I put those candles ??????

x

joseph


Joined: 17/04/2008
Posts: 709

Message Posted:
08/03/2009 16:22

Now come on Snakes be fair... main residence ... the poor old thing says she only lives in one room... had it been the whole house it might have been a lot more than £150k



Wasn't that long ago her mate Harman ... sacked along with Mandelson but both back and roaring to go... was being investigated over a few hundred grand borrowed free from an Italian billionaire for a mortgage... she said her husband borrowed it and she didn't know anything about it..



Do you think she knew something about the mortgage market we didn't as subsequent events over toxic mortgage debt has proved



Regards Joseph