posted on Jul, 1 2012 @ 04:11 PM
Ok , first, a point of order. There is not a single senior executive, or person at or above the pay grade of those who performed these acts, in
Barclays bank, who in my opinion are not guilty of either general fraud, or at the worst economic terrorism.
Second, Bob Diamond may have a lot to say about the employees who were caught out, but he is ultimately responsible for the actions and the
consequences of the actions, of everyone under him, and deserves his rear handing to him on a plate for what he has allowed to continue.
Furthermore, these resignations, whether Mr Diamond refuses to do so or not, are a cop out. Nothing short of being set on fire in the street for
DARING to allow this behaviour to continue, and worse for allowing it to be covered up, should be tolerated.
It has become clear also, that Barclays are not the only bank with this Libor fixing problem, just the first to be caught out. That does not mean
that the punishment for Barclays ought to be any less harsh, but it does pose one very good question as far as I am concerned. That would be:
What does the British citizen have to do, to get some damned respect out of the parasites that use our money to play their games? We have tried being
reasonable, we have tried appealling to their sense of decency, morality.... Do we now have to make them FEAR us in order to be treated appropriately?
Do we have to make them so terrified of the consequence of imperfect moral performance, that they would rather kill themselves than partake in
In short... What measure can we put in place, to effectively render these endless abuses a thing of the past?